Bitcoin is Becoming a Global Currency

[bitkilo]

The governments cant take bitcoin down anyway so no need to worry about that but they can try to regulate it so much so that it won't be worth using but they would not be a good option for them.
Could you imagine that when the Internet started the government said that due to national security or whatever we will not allow the public access to it

The genie is out of the bottle already

Even if they could take down Bitcoin somehow or regulate it up to a point where it is no longer usable, that would be an exercise in futility and stupidity, just like you can't stop an avalanche once it has started going down. They may spend plenty of money, time and effort to make Bitcoin unusable only to see another competitor rising which would be even more aggressive, resilient and robust. Cryprocurrencies are here to stay, so governments have to accept this fact and find ways to live with it (whether they like it or not)

At least we had some great news today that shows the Australian government is starting to look at bitcoin in a more sensible light.
Budget 2017: Government makes good on Bitcoin promise - Double GST to end from 1 July

The federal government’s budget confirms that from 1 July Bitcoin and similar digital currencies will no longer suffer the current ‘double taxation’ burden.

Currently Bitcoin is treated as more like a commodity than a currency for GST purposes, with transactions using the cryptocurrency akin to barter under Australian tax law.

[Xester]

I think this opinion is still hard to achieved, there is currently no global currency and a currency strongest still USD. The first phase that must be traversed bitcoin is beat USD, so that it can become a global currency.

Let us first define a global currency. A global currency is a kind of currency that is not limited to one political boundary. Not all money or fiat currency is a global currency, right now the only fiat currency that is a global currency is US dollar. Bitcoin on the other hand is not limited in just one country but it is accessible and can be used in all countries around the globe and given this fact it is also considered to be a global currency.

[danherbias07]

Today Bitcoin is gaining very huge turnover and therefore one can really reason and its global impact on the world economy, Well, for example, replace the dollar Bitcoin still can not, at least in the near future.

I wonder why people keep on thinking and debating on issue about bitcoin replacing dollar when it has been stated bitcoin is best as alternative currency.  It make bitcoin to stay away from the noses of this corrupt officials and stay away from the control and centralization.  And I think bitcoin will stay that way, being an alternative currency even if it is used as global currency.

I do agree with that.
Actually with this high price it is already threatening if you think about the market. This strong value they cannot allow.
I dont know if they are already doing steps to stop it or they just cant.
Something valuable and is higher in terms of price than gold can be an eyesore for that corrupted officials specially if they are not gaining anything from it.
Best to stay that way for now.

[Cherylstar86]

Bitcoin is now competing to the world currency and for the records of good price on market, it might became a global currency soon. If the good price will rise for better and many people will became educated with the systematic approach of digital currency, it's no wonder this bitcoin with a unique use and purpose on investment. With this good signs of digital currency impact to the whole world's profitable income coming from bitcoin, which really brings better future to everyone who gives interest to get involve with the system.

[deisik]

I think that bitcoin will never be global, because there is a very strong opponent in the face, and when the banks hate the bitcoin, there will never be anything

Bitcoin is already global whether you (or anyone else) like it or not

If you look at its competitors from the fiat camp, only a few major currencies can pretend to be global. I suspect that you can easily count them all on the fingers of just one hand. Apart from that, banks as such are essentially "agnostic", so to speak, in respect to Bitcoin, i.e. they basically don't care if Bitcoin exists or not (at least, as long as their profits are not concerned), but they are not agnostic toward profits. So they would be happily using Bitcoin if that would bring them more profits (or just profits) and they were allowed to be involved in Bitcoin

[Pattart]

Yes, but for sure things will be different if we have a very crowded volume of users, like government will try to take charge of it because people are going into bitcoin.
Things are good in bitcoin now so I hope when it become global currency it will remain the same as what we have now.

It will happen if the bitcoin users already numbered very large. Probably covering most of the world's population. Perhaps it will also make governments consider adopting bitcoin

[sunsilk]

yes. I also think can bitcoin be the world currency, it will all look easy,

I also believe that one day we'll see bitcoin is on a massive adoption and it will be consider by many of us as a universal currency.

Because majority of us wants decentralization and cheaper fees which these features can be found to bitcoin.

So we are close to it.

Certainly. Big investors are now considering digital currrency for better, convinient and faster transaction. This is friendly user for everyone as we don't need to worry wether our transaction gets successful or wether our wallet get suspended as no one will be tolerated to do that as digital currency is decentralized currency. We are all looking forward for the digital currency to be used in universal/global currency.

I'm not worried about account/wallet suspension because if you are not doing something wrong, why there's need to worry on it.

Big investors are getting into bitcoin right now because they are seeing the market of it is growing fast.

Wise investors will get into bitcoin while it is still early because they know the advantage of it and they will endorse bitcoin to become their currency to their customers.

[bitkilo]

yes. I also think can bitcoin be the world currency, it will all look easy,

I also believe that one day we'll see bitcoin is on a massive adoption and it will be consider by many of us as a universal currency.

Because majority of us wants decentralization and cheaper fees which these features can be found to bitcoin.

So we are close to it.

Certainly. Big investors are now considering digital currrency for better, convinient and faster transaction. This is friendly user for everyone as we don't need to worry wether our transaction gets successful or wether our wallet get suspended as no one will be tolerated to do that as digital currency is decentralized currency. We are all looking forward for the digital currency to be used in universal/global currency.

I'm not worried about account/wallet suspension because if you are not doing something wrong, why there's need to worry on it.

You should worry about it bank around the world have frozen people's account simply because some red flag was raised.
Even in bitcoin Coinbase has had a history of freezing users account based on bullshit claims.
Look into the member here BurtW and read his story of what happened to him.

There is no such thing as incident till proven guilty anymore, all they have to do is suspect you or receive a letter from one of the 3 letter agencies and they will cut you off from accessing your own bitcoins.

Bitcoin is more than just a currency its about taking full control of what money is rightfully yours and nobody should be able to cut you off from accessing it.

[Wintersoldier]

Certainly, bitcoin is becoming a world wide currency, and will grow bigger in the future. Half of the places I go now, all except bitcoin.  I guess that's a good thing for us investors. BTC

A global currency, yes. A major global currency, unfortunately not, and it seems a long way off happening too..
There is a long list of countries that are being screwed over with negative interest rates and massively devalued currencies, people in these countries would have done very well getting their money into bitcoin a few months ago, but as can be seen by the low price, they aren't really doing that.

I guess price volatility is still too high, or upwards price volatility too low for people to be tempted in on mass.

We may take the word global currency as a currency that can use all around the world. Which true when it come to bitcoin. Because we all know that bitcoin is crypto-currency where you can used it with the power of internet and web and technology is widely spread all over te world. So using it on a wider scale or global is easy for it. And as the days goes by new developmet to its price and transaction will be made so a major global currency may be true for it in the near future.

[jikurpa]

Certainly, bitcoin is becoming a world wide currency, and will grow bigger in the future. Half of the places I go now, all except bitcoin.  I guess that's a good thing for us investors. BTC

A global currency, yes. A major global currency, unfortunately not, and it seems a long way off happening too..
There is a long list of countries that are being screwed over with negative interest rates and massively devalued currencies, people in these countries would have done very well getting their money into bitcoin a few months ago, but as can be seen by the low price, they aren't really doing that.

I guess price volatility is still too high, or upwards price volatility too low for people to be tempted in on mass.

We may take the word global currency as a currency that can use all around the world. Which true when it come to bitcoin. Because we all know that bitcoin is crypto-currency where you can used it with the power of internet and web and technology is widely spread all over te world. So using it on a wider scale or global is easy for it. And as the days goes by new developmet to its price and transaction will be made so a major global currency may be true for it in the near future.

bitcoin can to be a global currency. Bitcoin is much in demand by people because technology and ease transactions. Yes, internet has reached almost all the world and bitcoin is in it.

[Cosbycoin]

Certainly, bitcoin is becoming a world wide currency, and will grow bigger in the future. Half of the places I go now, all except bitcoin.  I guess that's a good thing for us investors. BTC

A global currency, yes. A major global currency, unfortunately not, and it seems a long way off happening too..
There is a long list of countries that are being screwed over with negative interest rates and massively devalued currencies, people in these countries would have done very well getting their money into bitcoin a few months ago, but as can be seen by the low price, they aren't really doing that.

I guess price volatility is still too high, or upwards price volatility too low for people to be tempted in on mass.

We may take the word global currency as a currency that can use all around the world. Which true when it come to bitcoin. Because we all know that bitcoin is crypto-currency where you can used it with the power of internet and web and technology is widely spread all over te world. So using it on a wider scale or global is easy for it. And as the days goes by new developmet to its price and transaction will be made so a major global currency may be true for it in the near future.

bitcoin can to be a global currency. Bitcoin is much in demand by people because technology and ease transactions. Yes, internet has reached almost all the world and bitcoin is in it.

yeah there is many chances to make bitcoin a global currency and bitcoin demand is also too much high and easy transaction and there is many people are earning money through bitcoin in good amount they are also trader.

[Omegasun]

Certainly, bitcoin is becoming a world wide currency, and will grow bigger in the future. Half of the places I go now, all except bitcoin.  I guess that's a good thing for us investors. BTC

A global currency, yes. A major global currency, unfortunately not, and it seems a long way off happening too..
There is a long list of countries that are being screwed over with negative interest rates and massively devalued currencies, people in these countries would have done very well getting their money into bitcoin a few months ago, but as can be seen by the low price, they aren't really doing that.

I guess price volatility is still too high, or upwards price volatility too low for people to be tempted in on mass.

We may take the word global currency as a currency that can use all around the world. Which true when it come to bitcoin. Because we all know that bitcoin is crypto-currency where you can used it with the power of internet and web and technology is widely spread all over te world. So using it on a wider scale or global is easy for it. And as the days goes by new developmet to its price and transaction will be made so a major global currency may be true for it in the near future.

bitcoin can to be a global currency. Bitcoin is much in demand by people because technology and ease transactions. Yes, internet has reached almost all the world and bitcoin is in it.

Bitcoin is already a Global currency, Just open your eyes and mind. Bitcoin is already used world wide in terms of digital currency. So it just means that it ws already a global currency but in tenms of digital currency.
yeah there is many chances to make bitcoin a global currency and bitcoin demand is also too much high and easy transaction and there is many people are earning money through bitcoin in good amount they are also trader.

[originalsloth]

Certainly, bitcoin is becoming a world wide currency, and will grow bigger in the future. Half of the places I go now, all except bitcoin.  I guess that's a good thing for us investors. BTC

A global currency, yes. A major global currency, unfortunately not, and it seems a long way off happening too..
There is a long list of countries that are being screwed over with negative interest rates and massively devalued currencies, people in these countries would have done very well getting their money into bitcoin a few months ago, but as can be seen by the low price, they aren't really doing that.

I guess price volatility is still too high, or upwards price volatility too low for people to be tempted in on mass.

We may take the word global currency as a currency that can use all around the world. Which true when it come to bitcoin. Because we all know that bitcoin is crypto-currency where you can used it with the power of internet and web and technology is widely spread all over te world. So using it on a wider scale or global is easy for it. And as the days goes by new developmet to its price and transaction will be made so a major global currency may be true for it in the near future.

bitcoin can to be a global currency. Bitcoin is much in demand by people because technology and ease transactions. Yes, internet has reached almost all the world and bitcoin is in it.

Bitcoin is already a Global currency, Just open your eyes and mind. Bitcoin is already used world wide in terms of digital currency. So it just means that it ws already a global currency but in tenms of digital currency.
yeah there is many chances to make bitcoin a global currency and bitcoin demand is also too much high and easy transaction and there is many people are earning money through bitcoin in good amount they are also trader.

I would argue that bitcoin as of right now is more of a tool used for speculation than an actual currency. the number of people who hold bitcoin in order to make capital gains greatly exceeds the number of people who actually purchases items with it.

[bitkilo]

Certainly, bitcoin is becoming a world wide currency, and will grow bigger in the future. Half of the places I go now, all except bitcoin.  I guess that's a good thing for us investors. BTC

A global currency, yes. A major global currency, unfortunately not, and it seems a long way off happening too..
There is a long list of countries that are being screwed over with negative interest rates and massively devalued currencies, people in these countries would have done very well getting their money into bitcoin a few months ago, but as can be seen by the low price, they aren't really doing that.

I guess price volatility is still too high, or upwards price volatility too low for people to be tempted in on mass.

We may take the word global currency as a currency that can use all around the world. Which true when it come to bitcoin. Because we all know that bitcoin is crypto-currency where you can used it with the power of internet and web and technology is widely spread all over te world. So using it on a wider scale or global is easy for it. And as the days goes by new developmet to its price and transaction will be made so a major global currency may be true for it in the near future.

bitcoin can to be a global currency. Bitcoin is much in demand by people because technology and ease transactions. Yes, internet has reached almost all the world and bitcoin is in it.

Bitcoin is already a Global currency, Just open your eyes and mind. Bitcoin is already used world wide in terms of digital currency. So it just means that it ws already a global currency but in tenms of digital currency.
yeah there is many chances to make bitcoin a global currency and bitcoin demand is also too much high and easy transaction and there is many people are earning money through bitcoin in good amount they are also trader.

I would argue that bitcoin as of right now is more of a tool used for speculation than an actual currency. the number of people who hold bitcoin in order to make capital gains greatly exceeds the number of people who actually purchases items with it.

You are probably spot on with that comment.
I am an active bitcoin users buying most goods and paying bills using bitcoin but when i post that here everyone jumps in with comments like "you shouldn't spend any btc just yet, wait and it will go up"
Last time i checked bitcoin was a currency so people should be spending at least some of what they have.

I say just treat bitcoin as you would fiat, spend what you need to and then save the rest.

[uneng]

Certainly, bitcoin is becoming a world wide currency, and will grow bigger in the future. Half of the places I go now, all except bitcoin.  I guess that's a good thing for us investors. BTC

A global currency, yes. A major global currency, unfortunately not, and it seems a long way off happening too..
There is a long list of countries that are being screwed over with negative interest rates and massively devalued currencies, people in these countries would have done very well getting their money into bitcoin a few months ago, but as can be seen by the low price, they aren't really doing that.

I guess price volatility is still too high, or upwards price volatility too low for people to be tempted in on mass.

We may take the word global currency as a currency that can use all around the world. Which true when it come to bitcoin. Because we all know that bitcoin is crypto-currency where you can used it with the power of internet and web and technology is widely spread all over te world. So using it on a wider scale or global is easy for it. And as the days goes by new developmet to its price and transaction will be made so a major global currency may be true for it in the near future.

bitcoin can to be a global currency. Bitcoin is much in demand by people because technology and ease transactions. Yes, internet has reached almost all the world and bitcoin is in it.

Bitcoin is already a Global currency, Just open your eyes and mind. Bitcoin is already used world wide in terms of digital currency. So it just means that it ws already a global currency but in tenms of digital currency.
yeah there is many chances to make bitcoin a global currency and bitcoin demand is also too much high and easy transaction and there is many people are earning money through bitcoin in good amount they are also trader.

I would argue that bitcoin as of right now is more of a tool used for speculation than an actual currency. the number of people who hold bitcoin in order to make capital gains greatly exceeds the number of people who actually purchases items with it.

You are probably spot on with that comment.
I am an active bitcoin users buying most goods and paying bills using bitcoin but when i post that here everyone jumps in with comments like "you shouldn't spend any btc just yet, wait and it will go up"
Last time i checked bitcoin was a currency so people should be spending at least some of what they have.

I say just treat bitcoin as you would fiat, spend what you need to and then save the rest.

But how to use bitcoin as fiat if most stores don't accept it? To pay bills for an example, it's impossible, only fiat is accepted, bitcoin can be used on very restrict places, few sites and few sellers accept it online.
Bitcoin is being more useful as saving investment on long run, in special for countries where fiat loses price each new day.

[bitkilo]

Certainly, bitcoin is becoming a world wide currency, and will grow bigger in the future. Half of the places I go now, all except bitcoin.  I guess that's a good thing for us investors. BTC

A global currency, yes. A major global currency, unfortunately not, and it seems a long way off happening too..
There is a long list of countries that are being screwed over with negative interest rates and massively devalued currencies, people in these countries would have done very well getting their money into bitcoin a few months ago, but as can be seen by the low price, they aren't really doing that.

I guess price volatility is still too high, or upwards price volatility too low for people to be tempted in on mass.

We may take the word global currency as a currency that can use all around the world. Which true when it come to bitcoin. Because we all know that bitcoin is crypto-currency where you can used it with the power of internet and web and technology is widely spread all over te world. So using it on a wider scale or global is easy for it. And as the days goes by new developmet to its price and transaction will be made so a major global currency may be true for it in the near future.

bitcoin can to be a global currency. Bitcoin is much in demand by people because technology and ease transactions. Yes, internet has reached almost all the world and bitcoin is in it.

Bitcoin is already a Global currency, Just open your eyes and mind. Bitcoin is already used world wide in terms of digital currency. So it just means that it ws already a global currency but in tenms of digital currency.
yeah there is many chances to make bitcoin a global currency and bitcoin demand is also too much high and easy transaction and there is many people are earning money through bitcoin in good amount they are also trader.

I would argue that bitcoin as of right now is more of a tool used for speculation than an actual currency. the number of people who hold bitcoin in order to make capital gains greatly exceeds the number of people who actually purchases items with it.

You are probably spot on with that comment.
I am an active bitcoin users buying most goods and paying bills using bitcoin but when i post that here everyone jumps in with comments like "you shouldn't spend any btc just yet, wait and it will go up"
Last time i checked bitcoin was a currency so people should be spending at least some of what they have.

I say just treat bitcoin as you would fiat, spend what you need to and then save the rest.

But how to use bitcoin as fiat if most stores don't accept it? To pay bills for an example, it's impossible, only fiat is accepted, bitcoin can be used on very restrict places, few sites and few sellers accept it online.
Bitcoin is being more useful as saving investment on long run, in special for countries where fiat loses price each new day.

I guess it really depends on what country you are living in.
Here in Australia we have plenty of options available to spend bitcoins.
If i want to pay any bill i use this site: https://www.livingroomofsatoshi.com/
And for in store purchases a bitcoin debit card is great.

If you want to be able to spend bitcoins then you must look at the options available to you, none of these companies make a big profit so you won't see much advertising.

[originalsloth]

Certainly, bitcoin is becoming a world wide currency, and will grow bigger in the future. Half of the places I go now, all except bitcoin.  I guess that's a good thing for us investors. BTC

A global currency, yes. A major global currency, unfortunately not, and it seems a long way off happening too..
There is a long list of countries that are being screwed over with negative interest rates and massively devalued currencies, people in these countries would have done very well getting their money into bitcoin a few months ago, but as can be seen by the low price, they aren't really doing that.

I guess price volatility is still too high, or upwards price volatility too low for people to be tempted in on mass.

We may take the word global currency as a currency that can use all around the world. Which true when it come to bitcoin. Because we all know that bitcoin is crypto-currency where you can used it with the power of internet and web and technology is widely spread all over te world. So using it on a wider scale or global is easy for it. And as the days goes by new developmet to its price and transaction will be made so a major global currency may be true for it in the near future.

bitcoin can to be a global currency. Bitcoin is much in demand by people because technology and ease transactions. Yes, internet has reached almost all the world and bitcoin is in it.

Bitcoin is already a Global currency, Just open your eyes and mind. Bitcoin is already used world wide in terms of digital currency. So it just means that it ws already a global currency but in tenms of digital currency.
yeah there is many chances to make bitcoin a global currency and bitcoin demand is also too much high and easy transaction and there is many people are earning money through bitcoin in good amount they are also trader.

I would argue that bitcoin as of right now is more of a tool used for speculation than an actual currency. the number of people who hold bitcoin in order to make capital gains greatly exceeds the number of people who actually purchases items with it.

You are probably spot on with that comment.
I am an active bitcoin users buying most goods and paying bills using bitcoin but when i post that here everyone jumps in with comments like "you shouldn't spend any btc just yet, wait and it will go up"
Last time i checked bitcoin was a currency so people should be spending at least some of what they have.

I say just treat bitcoin as you would fiat, spend what you need to and then save the rest.

But how to use bitcoin as fiat if most stores don't accept it? To pay bills for an example, it's impossible, only fiat is accepted, bitcoin can be used on very restrict places, few sites and few sellers accept it online.
Bitcoin is being more useful as saving investment on long run, in special for countries where fiat loses price each new day.

I guess it really depends on what country you are living in.
Here in Australia we have plenty of options available to spend bitcoins.
If i want to pay any bill i use this site: https://www.livingroomofsatoshi.com/
And for in store purchases a bitcoin debit card is great.

If you want to be able to spend bitcoins then you must look at the options available to you, none of these companies make a big profit so you won't see much advertising.

with the way prices are moving right now, the rational person would not spend any bitcoin, but rather to hold it. Money needs to be a stable storage of value if we want less speculation and more of what it was intended to be. Im a huge believer in bitcoin and cryptocurrency, but our existing infrastructure has a long way to go before bitcoins can be used like regular money.

[Monnt]

People in the world almost knew bitcoin so in the near future it will come out totally a global currency. But now, the thoughts of mine maybe right now it's so impossible to happen since the administration won't allow it. In this circumstances, the major thing is Acceptance! The time we have then bitcoin is known globally. It still takes time and a matter of time.

To my opinion there is nothing as hungry or I guess you wanted to say greedy or greed in it if you hope for the Bitcoin to be a global currency.

There may be many reasons for different countries to not accept of legalize it but no country have banned it yet and also the Bitcoin is there in almost all countries of the world. The volume may not be that huge but the presence says that yes it is a global currency.

[sunsilk]

yes. I also think can bitcoin be the world currency, it will all look easy,

I also believe that one day we'll see bitcoin is on a massive adoption and it will be consider by many of us as a universal currency.

Because majority of us wants decentralization and cheaper fees which these features can be found to bitcoin.

So we are close to it.

Certainly. Big investors are now considering digital currrency for better, convinient and faster transaction. This is friendly user for everyone as we don't need to worry wether our transaction gets successful or wether our wallet get suspended as no one will be tolerated to do that as digital currency is decentralized currency. We are all looking forward for the digital currency to be used in universal/global currency.

I'm not worried about account/wallet suspension because if you are not doing something wrong, why there's need to worry on it.

You should worry about it bank around the world have frozen people's account simply because some red flag was raised.
Even in bitcoin Coinbase has had a history of freezing users account based on bullshit claims.
Look into the member here BurtW and read his story of what happened to him.

There is no such thing as incident till proven guilty anymore, all they have to do is suspect you or receive a letter from one of the 3 letter agencies and they will cut you off from accessing your own bitcoins.

Bitcoin is more than just a currency its about taking full control of what money is rightfully yours and nobody should be able to cut you off from accessing it.

I don't have an idea about that guy and do you have link on that case pal? I'm interested to read and know everything about his case.

I knew that there's a case on coinbase did that before but right now, still I'm not worried about this thing.

I don't want to be frustrated on thinking this sort of things.

[gabmen]

yes. I also think can bitcoin be the world currency, it will all look easy,

I also believe that one day we'll see bitcoin is on a massive adoption and it will be consider by many of us as a universal currency.

Because majority of us wants decentralization and cheaper fees which these features can be found to bitcoin.

So we are close to it.

Certainly. Big investors are now considering digital currrency for better, convinient and faster transaction. This is friendly user for everyone as we don't need to worry wether our transaction gets successful or wether our wallet get suspended as no one will be tolerated to do that as digital currency is decentralized currency. We are all looking forward for the digital currency to be used in universal/global currency.

I'm not worried about account/wallet suspension because if you are not doing something wrong, why there's need to worry on it.

You should worry about it bank around the world have frozen people's account simply because some red flag was raised.
Even in bitcoin Coinbase has had a history of freezing users account based on bullshit claims.
Look into the member here BurtW and read his story of what happened to him.

There is no such thing as incident till proven guilty anymore, all they have to do is suspect you or receive a letter from one of the 3 letter agencies and they will cut you off from accessing your own bitcoins.

Bitcoin is more than just a currency its about taking full control of what money is rightfully yours and nobody should be able to cut you off from accessing it.

I don't have an idea about that guy and do you have link on that case pal? I'm interested to read and know everything about his case.

I knew that there's a case on coinbase did that before but right now, still I'm not worried about this thing.

I don't want to be frustrated on thinking this sort of things.

well there may probably have been a report about security there. bitcoin wallets put a lot of emphasis on their security and I think its still for the user's safety that sometimes accounts are investigated and blocked. though I think this case is quite rare and doesn't really happen that often