Bitcoin is Becoming a Global Currency

[mirakal]

Well for me as long as they can access internet,
They can use bitcoin and earn through it so yes bitcoin is becoming a global currency for me.

Global currency means people used bitcoin around the world as a payment tool
So far only few people do it , the rest is an investor who holding bitcoin only
Also considering there only few merchants, not spreaded evenly around the world
So basically it's not yet completely recognized as global currency.

There are investors but these investors do spend their bitcoins as well, they are not here to just hold bitcoin as they take the chance to spend as well. I am an investor and I look to hold it longer but I also enjoy spending my bitcoins like using it for paying my bills and  in gambling. What will make our investment successful is when there is a great demand and that will only happen when bitcoins is circulated with a good number of population.

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[Slark]

Look what is currently happening - we have more than 80.000 unconfirmed transactions waiting in the mempool.
And bitcoin is not even used by more than 10 million people. It can't become a global payment method with problems like that.
So far Bitcoin proved one thing - it is a great asset when you are not using it, nothing will potentially gain you more profit than holding BTC.

[marketone]

I think Bitcoin is not becoming a global currency, rather it is already and it has always been. The nature of Bitcoin is global.

Yes true, if bitcoin currency of course all countries will accepted. In my country, bitcoin same with commodity, and not accept for payment. Don't too high expectations with bitcoin.

yeah, because bitcoin is available in all countries as long as the citizens have internet connection. if a currency can do such thing, we can call it as global currency. besides, it is used in many countries.

Internet facility is available in all countries,but backward countries don't have much knowledge about bitcoin. Bitcoin will become global currency only when they have proper exchanges. Even though they have knowledge about how to use bitcoin, but they need to convert them into their corresponding currency. But very soon Bitcoin will become global currency.

[Pettuh4]

Look what is currently happening - we have more than 80.000 unconfirmed transactions waiting in the mempool.
And bitcoin is not even used by more than 10 million people. It can't become a global payment method with problems like that.
So far Bitcoin proved one thing - it is a great asset when you are not using it, nothing will potentially gain you more profit than holding BTC.

Bitcoin confirmation delays seems to be a problem but I don't think that will have a negative bearing over it becoming a global currency. It is actually being used globally and taking center stage in global transactions but the problem with the confirmations has to do with the block size which I'm told work is already underway to increase it.

[deisik]

Look what is currently happening - we have more than 80.000 unconfirmed transactions waiting in the mempool.
And bitcoin is not even used by more than 10 million people. It can't become a global payment method with problems like that.
So far Bitcoin proved one thing - it is a great asset when you are not using it, nothing will potentially gain you more profit than holding BTC

Lightning Network is likely the answer

But since miners are not going to accept it anyway (since they are rather shortsighted and care only for their short-term profits which LN is set to strip them off), Bitcoin might have to pass through the so-called bottleneck in the future to get rid of these rogue miners. Some folks are claiming that the LN update will make Bitcoin centralized as a payment system (turn it into a banking system of sorts), though I heavily disagree with this attitude since it will actually allow to decentralize it from the miners' hegemony we are presently stuck with

[Bee Leb07]

Yes, I think that Bitcoin is becoming a global currency. Because, Bitcoin has gained it's popularity now-a-days. Also most of the people are very interested in Bitocoin. So, as it has become a useful thing to people, it can become a Global Currency.

[RealPhotoshoper]

I think Bitcoin is not becoming a global currency, rather it is already and it has always been. The nature of Bitcoin is global.

Yes true, if bitcoin currency of course all countries will accepted. In my country, bitcoin same with commodity, and not accept for payment. Don't too high expectations with bitcoin.

yeah, because bitcoin is available in all countries as long as the citizens have internet connection. if a currency can do such thing, we can call it as global currency. besides, it is used in many countries.

Internet facility is available in all countries,but backward countries don't have much knowledge about bitcoin. Bitcoin will become global currency only when they have proper exchanges. Even though they have knowledge about how to use bitcoin, but they need to convert them into their corresponding currency. But very soon Bitcoin will become global currency.

once people around the world especially the government openly adopt bitcoin to their financial system.
i think it is enough as a sign that bitcoin ready to be accepted as currency globally.
and yeaaa as time goes by , exchanges will come up .

[Aikonio]

I think Bitcoin is not becoming a global currency, rather it is already and it has always been. The nature of Bitcoin is global.

Yes true, if bitcoin currency of course all countries will accepted. In my country, bitcoin same with commodity, and not accept for payment. Don't too high expectations with bitcoin.

yeah, because bitcoin is available in all countries as long as the citizens have internet connection. if a currency can do such thing, we can call it as global currency. besides, it is used in many countries.

Internet facility is available in all countries,but backward countries don't have much knowledge about bitcoin. Bitcoin will become global currency only when they have proper exchanges. Even though they have knowledge about how to use bitcoin, but they need to convert them into their corresponding currency. But very soon Bitcoin will become global currency.

once people around the world especially the government openly adopt bitcoin to their financial system.
i think it is enough as a sign that bitcoin ready to be accepted as currency globally.
and yeaaa as time goes by , exchanges will come up .

Bitcoin, and without a government of laws it is a world currency. It exists regardless of frontiers. It can be used anywhere in the world

[hardtime]

Bitcoin has and always will be a global currency, it can be used in any country without an issue in the least. I would call it a currency without borders. The only tough thing about bitcoin is that it can't fully be used in every country to the potential that we all wished it could be.

bitcoin will really become an international currency when everyone was using bitcoin. but for now, there is still he who does not know to use bitcoin, even some of those who hate using bitcoin, for several reasons. but, when everything has been receiving bitcoin, I think it would be very easy for bitcoin to become a global currency.

This isn't true and I don't think bitcoin can ever be used by everyone instead of using the currency of the individual country. That's just like saying the US dollar isn't a global currency because not everyone in the world is using it. It's used around the globe by banks and such to hold reserves, simply it's also a global currency.

[Sithara007]

Bitcoin, and without a government of laws it is a world currency. It exists regardless of frontiers. It can be used anywhere in the world

Yes. It can be used anywhere. But there are two conditions. The first is that you should be having a good internet connection (somewhere in this forum, I saw a thread claiming that transactions can be done using the mobile connection, but I am not sure about it). The second is that you should find someone who is willing to accept Bitcoins.

[pinkpanther03]

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

That's show Bitcoin is now full pledged global currency, because there are more country right now adopting the system of what Bitcoin has and what it can do to each nation once the features is being adopt by the masses.

[Vivace92]

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

That's show Bitcoin is now full pledged global currency, because there are more country right now adopting the system of what Bitcoin has and what it can do to each nation once the features is being adopt by the masses.

I'm sure your idea still need a long time, the State will not replace a fiat money system because many lack of the bitcoin, one of the most important is the control. If the State adopts a system of centralized, but surely equal to fiat money.

[VanDeinsberg12]

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

That's show Bitcoin is now full pledged global currency, because there are more country right now adopting the system of what Bitcoin has and what it can do to each nation once the features is being adopt by the masses.

Blockchain is not bitcoin and bitcoin is not blockchain. You're wrong the bitcoin has become the global currency caused by his massive adoption in the various fiat pair for the bitcoin trade. but
More countries just try to adopt the blockchain which mean they are no interested with the bitcoin.

[Finestream]

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

That's show Bitcoin is now full pledged global currency, because there are more country right now adopting the system of what Bitcoin has and what it can do to each nation once the features is being adopt by the masses.

Blockchain is not bitcoin and bitcoin is not blockchain. You're wrong the bitcoin has become the global currency caused by his massive adoption in the various fiat pair for the bitcoin trade. but
More countries just try to adopt the blockchain which mean they are no interested with the bitcoin.

Bitcoin is a global currency under the above definition, it's use all over the world although the adoption is not too big yet. Even with that, the status is very acceptable since bitcoin is relatively new compared to the existing legal currencies. They have different usage and bitcoin is for all nations who would love to consider it as their payment system, when using bitcoin it is always partnered with fiat in any country you belong.

[pinkpanther03]

You already can see now that Bitcoin is already used all over the world and that is nice and I also think that the value of Bitcoin is rising slowly now so that is really nice.
But it will be really hard to know what the value will be later but it is nice if it will be more popular and used.

No, bitcoin is not being used all over the world, but can be use of all people citizens in all globally. But prediction was only a guess which has no accurate or assurance that it will happen. 

[Mikez]

You already can see now that Bitcoin is already used all over the world and that is nice and I also think that the value of Bitcoin is rising slowly now so that is really nice.
But it will be really hard to know what the value will be later but it is nice if it will be more popular and used.

No, bitcoin is not being used all over the world, but can be use of all people citizens in all globally. But prediction was only a guess which has no accurate or assurance that it will happen. 

Yeah we cannot expect that each and every person will start using bitcoins in future as there will be many people who will prefer to stay away from bitcoins and continue with fiat currency so its hard to believe that bitcoin can ever become a global currency.

[Natalim]

You already can see now that Bitcoin is already used all over the world and that is nice and I also think that the value of Bitcoin is rising slowly now so that is really nice.
But it will be really hard to know what the value will be later but it is nice if it will be more popular and used.

No, bitcoin is not being used all over the world, but can be use of all people citizens in all globally. But prediction was only a guess which has no accurate or assurance that it will happen. 

Yeah we cannot expect that each and every person will start using bitcoins in future as there will be many people who will prefer to stay away from bitcoins and continue with fiat currency so its hard to believe that bitcoin can ever become a global currency.

I'm pretty sure the volume of people who would prefer to use fiat is bigger than bitcoin users, we do not need to sacrifice one another as both can be useful to our life. Bitcoin was solely created to aid the slow transactions of fiat and now that it is widely recognize, we have to take the benefits of using it. It is not solely for investment as others think, it's created to be spent and we will only make profit from our investment if the demand will continue to increase.

[grandy]

Yes, I think that Bitcoin is becoming a global currency. Because, Bitcoin has gained it's popularity now-a-days. Also most of the people are very interested in Bitocoin. So, as it has become a useful thing to people, it can become a Global Currency.

to me i think bitcoin already a global currency, because bitcoin is present in all over the world i do not think that there will be a single country where bitcoin will not be using.

[darthmaul]

Yeah and this is why I am earning lots and lots of bitcoins online. In my country price of bitcoin is like 5 figures lol! If I earn free bitcoins I am like having crazy profit each time. Where USD was popular before it has become news of past. In my country whoever knows about bitcoins they just storing them for better price. As we don't have much options to spend bitcoins here we are storing and selling them at the right price. I am waiting for bitcoin to hit 6 figures and it is close to that then I will have dam crazy days with bitcoins. :-)

[passwordnow]

Yes, I think that Bitcoin is becoming a global currency. Because, Bitcoin has gained it's popularity now-a-days. Also most of the people are very interested in Bitocoin. So, as it has become a useful thing to people, it can become a Global Currency.

to me i think bitcoin already a global currency, because bitcoin is present in all over the world i do not think that there will be a single country where bitcoin will not be using.

This is what I'm also thinking too. Bitcoin is already a global currency because us who are using bitcoin can be found in different countries which is good to be considered as global currency. Though the government will not declare bitcoin as global currency but for us who are using it and enjoying the benefits of it can simply consider it.