ariie
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May 30, 2017, 07:46:07 AM |
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Do not be surprised if bitcoin becomes global currency
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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Xester
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May 30, 2017, 07:59:56 AM |
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As should be obvious now in bitcoin, it is straightforwardly turned into a worldwide cash in various nation. Why did I said that things? It is on the grounds that in Japan Bitcoin was lawfully announced as cash in a few spots of their nation, on the off chance that I am not mixed up, and now China is the following holding up wanting to make bitcoin to their nation to wind up plainly a lawful money as well.
Bitcoin is the first country to have declared to adopt bitcoins though actually Switzerland has been accepting bitcoins since the previous years. Australia will be accepting bitcoins next year and soon other countries will be following the footsteps of other countries. Africa, India, Indonesia, Philippines and many other countries are now studying the merits of bitcoin and are planning on creating regulations and policies before they will adopt it. |
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boumalo
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May 30, 2017, 09:43:13 AM |
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Bitcoin's price movements are big, it is a very speculative asset. Bitcoin needs to have the price fluctuations not affecting trades, if you sell and the result is a big enough portion of your net worth, you usually don't want to risk losing part of it in a short amount of time.
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anami57
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May 30, 2017, 04:42:22 PM |
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Yes, bitcoin has potential to become a global currency, because no government controls price and circulation bitcoin. Bitcoin price formation's pure trading. Bitcoin makes world don't have curtains.
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marcuslong
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May 30, 2017, 04:46:37 PM |
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no not yet bitcoin has to do a lot of things to be a global currency although bitcoin is indeed becoming popular in some countries but the problem is bitcoin just can't handle 250k- 350k transactions per day what if the transactions per day will increase because of the popularity?. we need a solution if we want bitcoin can be a global currency.
That is correct also they increasing every transaction fee to get funds and upgrade there system to make things normal again when we are going to try make an transaction it will gonna be back to normal real soon. But for me bitcoin is already a global currency because we can send it anywhere from the world and use anywhere as pocket money the problem on other countries is they trying to block this coins thinking it is black currency or only seen from dark net. They are not increasing the fees because of the upgrade on their system. They are increasing the fee because of the miners, the miners are only capable in confirming transaction so we don't have any rights to be against to the increasing fee but to just to that. Soon the fees will increase again if there will be a lot of stuck transaction and also few miners. That's probably gonna happen and I think at this moment that btc price is surging its good to start mining, when there are more miners fees could be competiti ve and there will be faster transaction. If anyone can still get bitcoin from mining then probably they will make start happening they will just coat them 2000$ for a miner and for the electricity bill many people would have interest on this currency if this price will not change for long. Blockchain are becoming slow it cant handle too much transaction made every minutes or seconds |
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alexsamudra
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May 30, 2017, 06:25:08 PM |
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Why bitcoin is a global currency because bitcoin is becoming known all over the world
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Xavofat
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May 30, 2017, 08:25:39 PM |
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Why bitcoin is a global currency because bitcoin is becoming known all over the world
It was always a "global currency". It doesn't matter how many people actually accept it The adoption of Bitcoin is still in the extremely early stages. In the adoption curve, we're definitely in the innovator phase. But that doesn't stop it being a global currency in that, in theory, it can be spent to anywhere in the world, instantly (minus confirmations). |
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Palodar
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May 30, 2017, 11:03:48 PM |
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Why bitcoin is a global currency because bitcoin is becoming known all over the world
It was always a "global currency". It doesn't matter how many people actually accept it The adoption of Bitcoin is still in the extremely early stages. In the adoption curve, we're definitely in the innovator phase. But that doesn't stop it being a global currency in that, in theory, it can be spent to anywhere in the world, instantly (minus confirmations). As long as it can be used anywhere and every nation accepts it we can consider it as a global currency. |
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Sled
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May 31, 2017, 01:41:28 AM |
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Why bitcoin is a global currency because bitcoin is becoming known all over the world
It was always a "global currency". It doesn't matter how many people actually accept it The adoption of Bitcoin is still in the extremely early stages. In the adoption curve, we're definitely in the innovator phase. But that doesn't stop it being a global currency in that, in theory, it can be spent to anywhere in the world, instantly (minus confirmations). As long as it can be used anywhere and every nation accepts it we can consider it as a global currency. Yes, it is all about the availability of the currency if bitcoin is available in almost all the country or accessible in any part of the world then it is already global currency and the only enemy of bitcoin for that is about the restrictions of the government because some of the government doesn't allow bitcoin or totally banned it so it is one of the illusion that makes bitcoin not global currency. |
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goldcoinminer
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May 31, 2017, 02:09:46 AM |
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Why bitcoin is a global currency because bitcoin is becoming known all over the world
It was always a "global currency". It doesn't matter how many people actually accept it The adoption of Bitcoin is still in the extremely early stages. In the adoption curve, we're definitely in the innovator phase. But that doesn't stop it being a global currency in that, in theory, it can be spent to anywhere in the world, instantly (minus confirmations). As long as it can be used anywhere and every nation accepts it we can consider it as a global currency. I agree with that, massive adoption will happen in the future to come and we should not worry enough of the price volatility as it is normal. Japan is one of the biggest users of bitcoin, we should expect more countries will adopt. |
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illaslli
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May 31, 2017, 02:13:06 AM |
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Global asset not currency. Currency implies its actually being used across the world for transactions. That may be true for some things but in general its not.
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Viscore
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May 31, 2017, 02:24:53 AM |
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Why bitcoin is a global currency because bitcoin is becoming known all over the world
Maybe not the majority of population but we are increasing and that's what matters at all. Now people are aware of the crypto and they started to invest to prepare for their future, if you read the headlines you can tell bitcoin has a lot of potential to succeed more. |
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FanatMonet
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May 31, 2017, 03:10:14 AM |
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Bitcoin can not become a world currency, as long as there are countries where the Internet is still used a little, a countries where there are interruptions of electricity. Cash in most countries is a priority, if you do not have Internet access, then you can not use BTC
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asriloni
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May 31, 2017, 03:15:22 AM |
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Global asset not currency. Currency implies its actually being used across the world for transactions. That may be true for some things but in general its not.
Bitcoin as micropayment method and it's related to the payment method and currency. Bitcoin can't be determined as global asset but it will better to call it as commodity for us. Bitcoin is not asset like gold btw. |
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dimatu
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May 31, 2017, 03:23:13 AM |
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Global asset not currency. Currency implies its actually being used across the world for transactions. That may be true for some things but in general its not.
Bitcoin as micropayment method and it's related to the payment method and currency. Bitcoin can't be determined as global asset but it will better to call it as commodity for us. Bitcoin is not asset like gold btw. I disagree I think its exactly like gold except that its being adopted faster than its supply is increasing. I wouldn't call it a commodity cause it isn't used in any production, its exactly like gold where you buy and hold it. In fact even gold used to be used for a limited number of high value transactions in the past. We should call it a digital gold rather than label it as asset, currency or commodity I think. |
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wantjokull
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May 31, 2017, 03:44:39 AM |
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Indeed not only local bitcoins but there many more sites offering these exchanges. The price value is very demanding and higher than us dollar. China India and some Asian countries enjoy this on the primary basis as they have higher valuation in terms of USD dollar. This leads to amazing profit window for these countries. Also many more currency are there which are having even double the value of USD. These guys should take lot of profits from such trading platforms.
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Sir Paijoe
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May 31, 2017, 03:49:32 AM |
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I think it still needs a lot of study, it is because the transaction is bitcoin fee the greater and confirm the slower so it makes us have to reset it. I think other coin is better than bitcoin.
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gogoors
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May 31, 2017, 04:03:13 AM |
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There is no nation on the planet starting at yet, that formally acknowledges bitcoin. There are reasons why governments wouldn't need bitcoins, chiefly in light of the fact that it would make it simpler for their nationals to maintain a strategic distance from duties. However, maybe, for bitcoin to wind up to end up noticeably a worldwide money, all it truly needs is an ever increasing number of individuals utilizing it. Bitcoin is really restricted in numerous nations, similar to China. One reason that it's troublesome for bitcoin to wind up noticeably a worldwide cash is that it isn't sponsored by anything. Different monetary forms are supported by gold or different wares, while bitcoin is just upheld by the trust put into it by its clients
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Xavofat
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May 31, 2017, 08:58:29 AM |
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Global asset not currency. Currency implies its actually being used across the world for transactions. That may be true for some things but in general its not.
Currencies don't have to have an unlimited supply. It can be both a speculative asset and a currency at the same time. |
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shadelockme
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May 31, 2017, 02:14:20 PM |
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it's really true that bitcoin is turning into a Global Currency, and bitcoin are currently beginning to be mainstream and known by many individuals. Furthermore, some individual are truly regarding bitcoin as a Global Currency since they trust that bitcoin can do a wonder such as this. i think bitcoin is as of now a Global Currency on the grounds that the client of bitcoin are accessible wherever on the planet, in this manner we can clrealy say that bitcoin is an all inclusive cash, trust that the clients of bitcoin will build increasingly in future.
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