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Author Topic: Bitcoin is Becoming a Global Currency  (Read 226327 times)
Mastsetad
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November 26, 2016, 04:27:45 PM
 #1541

hope it's come true over the world..
Still many days to count on.

Probably, it will still take a lot of time for bitcoin to become a global currency as for reaching there bitcoin will have to be accepted almost all over the world and right now even not 2% of worlds population is using bitcoin which indicates that there is still a long way to go.
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November 26, 2016, 04:34:34 PM
 #1542

hope it's come true over the world..
Still many days to count on.

Probably, it will still take a lot of time for bitcoin to become a global currency as for reaching there bitcoin will have to be accepted almost all over the world and right now even not 2% of worlds population is using bitcoin which indicates that there is still a long way to go.
i totally agree that it will take time. but think about google, facebook, smartphones and many more. 20 years ago they where at 0% user base world wide. so it is doable, but i wonder more and more about the question if it really will be.

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November 26, 2016, 05:32:29 PM
 #1543

iam agree you write
bitcoin can a global curency, but only digital curency not real curency
and bitcoin the first leading digital curency in the world, above in paypal user
The fact that bitcoin comes in a digital medium does not detract from its usefulness to the people of the world besides its not like bitcoin is limited to only be used over the Internet, you can use it to pay for physical goods if you choose to do it.

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November 26, 2016, 06:43:57 PM
 #1544

I really think that as soon s bitcoin reaches 1000$ it will become a point of interest for all the people specially for those who use money transfer over the internet because it is a lot safer to use the bitcoin than real money, but it is very unsure whether or not it will become an official global currency due it being controlled by the community, the government have no control over it so they are very unsure over trusting it or not
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November 27, 2016, 04:38:12 AM
 #1545

I think bitcoin is big in China and India, as well as the US. There are lots of other countries where bitcoin is being used such as European countries, Australia, and South American Countries. I think it is worldwide but not used by a large percentage of people.

 
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November 27, 2016, 05:30:06 AM
 #1546

I think bitcoin is big in China and India, as well as the US. There are lots of other countries where bitcoin is being used such as European countries, Australia, and South American Countries. I think it is worldwide but not used by a large percentage of people.
Seeing it's big in china and america is already a guarantee that bitcoin is going to last and be successful in the future. Small countries will just follow anyway.

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November 27, 2016, 10:17:58 AM
 #1547

I think bitcoin is big in China and India, as well as the US. There are lots of other countries where bitcoin is being used such as European countries, Australia, and South American Countries. I think it is worldwide but not used by a large percentage of people.
Seeing it's big in china and america is already a guarantee that bitcoin is going to last and be successful in the future. Small countries will just follow anyway.
that might be right. i mean the part about other counties following if bitcoin becomes a thing in the us and in china. but i do not think that bitcoin is a thing in the us or china right now. those are big countries and only a small percentage knows about bitcoin. 

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November 27, 2016, 01:11:49 PM
 #1548

I think bitcoin is big in China and India, as well as the US. There are lots of other countries where bitcoin is being used such as European countries, Australia, and South American Countries. I think it is worldwide but not used by a large percentage of people.
Seeing it's big in china and america is already a guarantee that bitcoin is going to last and be successful in the future. Small countries will just follow anyway.
that might be right. i mean the part about other counties following if bitcoin becomes a thing in the us and in china. but i do not think that bitcoin is a thing in the us or china right now. those are big countries and only a small percentage knows about bitcoin. 

China does have a big percentage about most of miners are found there. So it is making China one of the biggest country who have the biggest number of users. And there are some exchanges that are based in the US so I guess that is making them followed by small countries who are becoming aspiring bitcoin followers also.
are many chines involved in bitcoin? the answer is yes if you look at the absolute numbers. but there live 1.4 billion people, so even if all of the bitcoin users, which should be around 2 million, where from china this would only be 0.7% of chines using bitcoin. do you really think something can be called a big thing if it is only used by 0.7%? i do not think so. 

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November 27, 2016, 05:45:19 PM
 #1549

I think bitcoin is big in China and India, as well as the US. There are lots of other countries where bitcoin is being used such as European countries, Australia, and South American Countries. I think it is worldwide but not used by a large percentage of people.
Seeing it's big in china and america is already a guarantee that bitcoin is going to last and be successful in the future. Small countries will just follow anyway.
that might be right. i mean the part about other counties following if bitcoin becomes a thing in the us and in china. but i do not think that bitcoin is a thing in the us or china right now. those are big countries and only a small percentage knows about bitcoin.  

China does have a big percentage about most of miners are found there. So it is making China one of the biggest country who have the biggest number of users. And there are some exchanges that are based in the US so I guess that is making them followed by small countries who are becoming aspiring bitcoin followers also.
are many chines involved in bitcoin? the answer is yes if you look at the absolute numbers. but there live 1.4 billion people, so even if all of the bitcoin users, which should be around 2 million, where from china this would only be 0.7% of chines using bitcoin. do you really think something can be called a big thing if it is only used by 0.7%? i do not think so.  
But you are comparing the number of users of bitcoin against the general population, a more fair comparison I think is, How many bitcoin users there are and how many of them are Chinese? For example if there are 5 million users of bitcoin and 2 million are Chinese then that means 40% of the users are Chinese which is  a lot.

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November 27, 2016, 06:02:26 PM
 #1550

I think bitcoin is big in China and India, as well as the US. There are lots of other countries where bitcoin is being used such as European countries, Australia, and South American Countries. I think it is worldwide but not used by a large percentage of people.
Seeing it's big in china and america is already a guarantee that bitcoin is going to last and be successful in the future. Small countries will just follow anyway.
that might be right. i mean the part about other counties following if bitcoin becomes a thing in the us and in china. but i do not think that bitcoin is a thing in the us or china right now. those are big countries and only a small percentage knows about bitcoin.  

China does have a big percentage about most of miners are found there. So it is making China one of the biggest country who have the biggest number of users. And there are some exchanges that are based in the US so I guess that is making them followed by small countries who are becoming aspiring bitcoin followers also.
are many chines involved in bitcoin? the answer is yes if you look at the absolute numbers. but there live 1.4 billion people, so even if all of the bitcoin users, which should be around 2 million, where from china this would only be 0.7% of chines using bitcoin. do you really think something can be called a big thing if it is only used by 0.7%? i do not think so.  
But you are comparing the number of users of bitcoin against the general population, a more fair comparison I think is, How many bitcoin users there are and how many of them are Chinese? For example if there are 5 million users of bitcoin and 2 million are Chinese then that means 40% of the users are Chinese which is  a lot.
his statement was that bitcoin is big in china and bitcoin is big in the us. you would have a point if the question would be if the most bitcoin users are from us or china. but this is about bitcoin being big (or known or whatever you want to call it) in a country. and to see if some thing is big you need to check the percentage of people knowing about it. the number tell me that bitcoin is not big in any country.

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November 27, 2016, 07:03:54 PM
 #1551

For me bitcoin has becamed already a Global Currencie since the first transactions, after the huge investement over bitcoin we saw just a bit of its potencial being explored, looks like the race of gold, and in fact its similiar, even the price is about to be the same, just lets wait for those to happen. Sure USA, China, and some others countries has a lot adopters and supporters of bitcoin, allowing bitcoin to grow, but are able to see some others that hasnt the miners investment taking steps to make bitcoin something normal to have as use, as Sweden, Brazil and some others countries, where the merchants are allowing bitcoin.
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November 27, 2016, 09:44:13 PM
 #1552

I have seen a lots of changes and major adoption in India in recent days.Now even politicians have started making reference to bitcoin which speaks a lot about bitcoin popularity.I am totally convinced that in next decade bitcoin will become mainstream currency

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November 27, 2016, 10:35:36 PM
 #1553

I have seen a lots of changes and major adoption in India in recent days.Now even politicians have started making reference to bitcoin which speaks a lot about bitcoin popularity.I am totally convinced that in next decade bitcoin will become mainstream currency
What will happen if bitcoin has become a mainstream currency ? Could it have now a fixed value or still a changing price day by day?
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November 27, 2016, 10:49:22 PM
 #1554

I have seen a lots of changes and major adoption in India in recent days.Now even politicians have started making reference to bitcoin which speaks a lot about bitcoin popularity.I am totally convinced that in next decade bitcoin will become mainstream currency
i heard about how fast bitcoin development currently in india ,
glad to hear all of that very good news ,
but how about bitcoin development/popularity in another places/countries ,
1 point have an impressive progress but another points have a very slow progress , this is a problem that can prevent bitcoin become a global currency i guess.
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November 27, 2016, 11:09:34 PM
 #1555

iam agree you write
bitcoin can a global curency, but only digital curency not real curency
and bitcoin the first leading digital curency in the world, above in paypal user
yeah maybe for online currency bitcoin currency will dominate international online in the future, everyone will use bitcoin, but it could not compete fiat, bitcoin will remain an option for fiat
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November 28, 2016, 04:00:23 AM
 #1556

iam agree you write
bitcoin can a global curency, but only digital curency not real curency
and bitcoin the first leading digital curency in the world, above in paypal user
yeah maybe for online currency bitcoin currency will dominate international online in the future, everyone will use bitcoin, but it could not compete fiat, bitcoin will remain an option for fiat

Fiat will remain as being used by us whole wide world. But bitcoin is going to be a good way to be used as global currency as many people are already using this. Even though those 'many' are using it still a lot of people doesn't know bitcoin yet. But if they will see that bitcoin is a very convenient way of using for our transactions then bitcoin will surely be used globally.



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November 28, 2016, 04:20:33 AM
 #1557

hope it's come true over the world..
Still many days to count on.

It will come true only by contributing in building awareness about bitcoin and cryptocurrency technology. We as an individual user should create awareness among our friends and family, we should inculcate the payment technology of future in our kids so they will find it easier to deal with it. If we want bitcoin to come up as a global currency then we must build a global user base and for that, we can take responsibility of our own town to make more and more people aware of this technology.
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November 28, 2016, 04:36:44 AM
 #1558

hope it's come true over the world..
Still many days to count on.

It will come true only by contributing in building awareness about bitcoin and cryptocurrency technology. We as an individual user should create awareness among our friends and family, we should inculcate the payment technology of future in our kids so they will find it easier to deal with it. If we want bitcoin to come up as a global currency then we must build a global user base and for that, we can take responsibility of our own town to make more and more people aware of this technology.
It's been already, we can transact online from people in different nation. I guess that simple act, we can call bitcoin as a global currency already.

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Goruno
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November 28, 2016, 04:41:08 AM
 #1559

I fully agree with you about this concept. it will be very trong crypto-symbol in the future
I always store 70% money of BTC as like as saving money
goldcoinminer
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November 28, 2016, 05:04:32 AM
 #1560

I fully agree with you about this concept. it will be very trong crypto-symbol in the future
I always store 70% money of BTC as like as saving money
Wow, too aggressive but it's great if you can afford what you have invested. We have our own decision on how much we are willing to invest because we are the only one who can see the value of bitcoin and it's possibility to be more successful in the future.
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