NoNetwork
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August 06, 2017, 04:56:16 AM |
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You may also note that many people may be using the US dollar without being US citizens.
That is exactly the case here. US Dollar is still the most used business currency in the world. You are paying for most of your international deal with US Dollars after all. I don't think it will gonna change anytime soon. While other currencies stay close and some are even more expensive than USD it dies not matter since dollars are more regarded and used all over the world. But I do not see bitcoin becoming World Currency anytime soon bitcoin revolution just begun. I strongly agree with your opinion, I also do not think bitcoin will replace dollar even though bitcoin is popular nowadays it still have to improved and many people would be knowledgeable about it. To become global currency, bitcoin still need to study on how it will help the economy to amended and let's consider the country that slow in internet connection because we know that to used bitcoin the number thing we need a is internet. But it already is a Global Currency, you see everyone can use it. Even though some countries ban this, they could still utilize it. I guess that's the main concept of Bitcoin, to have freedom in using it. I think economically, it will not help (for now), because we are still using Fiat in all of the transactions and we still using it to circulate and determine every exchange prices in specific countries.
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Polar91
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August 06, 2017, 05:55:18 AM |
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Yes I also think that bitcoin is becoming a worldwide currency and more people are interested to know about it, how they can treat it.
Yes it may be a global currency, but it is not the dominating currency worldwide, it must be known in each state worldwide and be used for trading and investing non or virtial community to sistain fairness usage of it value and to be obtain by forum users.
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BeGoods
Legendary
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Activity: 1372
Merit: 1008
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August 06, 2017, 06:05:30 AM |
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Yes I also think that bitcoin is becoming a worldwide currency and more people are interested to know about it, how they can treat it.
I dont think so, since bitcoin is a digital currency, every people in this must have Internet connection and gadgets as well if that happened. So I think it is not a good idea that paper money will be xtiynct just think about the people who dont have and still can run with techy world. I think no matter the number of bitcoin users in the world, when you can use bitcoin wherever you are even though it needs gadgets and internet to access it, I think it's included in the global currency, because you can use bitcoins anywhere and in all countries, and you can also send Bitcoin anywhere to all countries in the world?
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Casabrandy
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August 06, 2017, 06:23:22 AM |
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Yes I also think that bitcoin is becoming a worldwide currency and more people are interested to know about it, how they can treat it.
I dont think so, since bitcoin is a digital currency, every people in this must have Internet connection and gadgets as well if that happened. So I think it is not a good idea that paper money will be xtiynct just think about the people who dont have and still can run with techy world. I think no matter the number of bitcoin users in the world, when you can use bitcoin wherever you are even though it needs gadgets and internet to access it, I think it's included in the global currency, because you can use bitcoins anywhere and in all countries, and you can also send Bitcoin anywhere to all countries in the world? In terms of usage it is really globally but in the number of users, it's only few to get into it unlike USD that are use by many. Though the importance of btc is really increasing for its user that anytime soon it will be popular thrice it is now.
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Potato Chips
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August 06, 2017, 06:39:57 AM |
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Yes I also think that bitcoin is becoming a worldwide currency and more people are interested to know about it, how they can treat it.
I dont think so, since bitcoin is a digital currency, every people in this must have Internet connection and gadgets as well if that happened. So I think it is not a good idea that paper money will be xtiynct just think about the people who dont have and still can run with techy world. I think no matter the number of bitcoin users in the world, when you can use bitcoin wherever you are even though it needs gadgets and internet to access it, I think it's included in the global currency, because you can use bitcoins anywhere and in all countries, and you can also send Bitcoin anywhere to all countries in the world? In terms of usage it is really globally but in the number of users, it's only few to get into it unlike USD that are use by many. Though the importance of btc is really increasing for its user that anytime soon it will be popular thrice it is now. yes as of now we are still few if you compared to the total population but fortunately everyday users are increasing rapidly on the contrary, methods on where to use it is not. most cryptocoins are mainly used in trading/exchange platforms and theres nothing bad about it. its just that since they are still money after all. the users should have a variety of choices on where to spend it, unfortunately its progress on that is really slow.
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hawkins
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August 06, 2017, 06:50:59 AM |
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I think so many obstacles to bitcoin in order to become a global currency. A limited amount will make bitcoin just like gold. In addition, bitcoin is also not received by all countries. So maybe a lot of things have to be fixed to make bitcoin into global currency.
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Viscore
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August 06, 2017, 07:59:56 AM |
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I think so many obstacles to bitcoin in order to become a global currency. A limited amount will make bitcoin just like gold. In addition, bitcoin is also not received by all countries. So maybe a lot of things have to be fixed to make bitcoin into global currency.
There are but that obstacle can be surpass if we will continue to stand for our support with bitcoin, it will not replace the current financial system but it will just aid to make it better so I guess the government should not oppose this new technology. We have to support and be strong as we can also hear negative speculation that would temp us to drop what we are holding now.
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entrepmind23
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August 06, 2017, 08:21:12 AM |
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I think so many obstacles to bitcoin in order to become a global currency. A limited amount will make bitcoin just like gold. In addition, bitcoin is also not received by all countries. So maybe a lot of things have to be fixed to make bitcoin into global currency.
There are but that obstacle can be surpass if we will continue to stand for our support with bitcoin, it will not replace the current financial system but it will just aid to make it better so I guess the government should not oppose this new technology. We have to support and be strong as we can also hear negative speculation that would temp us to drop what we are holding now. Bitcoin and fiat money will co-exist and people will continue using both of them as long as they are accepted. There may be some obstacle now in bitcoin since it is not yet that known especially to some people who are not tech savvy and other countries ban it but as long as we will continue to support and use bitcoin then maybe time will come when other people use it as complete replacement of fiat since anything can possibly happen.
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SMSabuj
Sr. Member
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I am a professional Web Designer and Developer
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August 06, 2017, 01:21:06 PM |
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Already Bitcoin becomes a global currency. But unfortunately, Bitcoin is not legal currency all over the world. But some of the countries are using Bitcoin everywhere. I am also using it many ways. And I hope that withing a few years Bitcoin will be valid all over the world.
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Kompodd
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August 06, 2017, 01:24:57 PM |
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I think that bitcoin has already become a global e-currency, but it still takes time to develop further and become even more popular. It will not replace the main money, but it will be the most important electronic currency.
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aryana42
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August 06, 2017, 01:56:31 PM |
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I think that bitcoin has already become a global e-currency, but it still takes time to develop further and become even more popular. It will not replace the main money, but it will be the most important electronic currency.
Like with you. Bitcoin has become a virtual global currency. Bitcoin automatically become more popular with news from various media. Even with issue fork splits, bitcoin prices shot higher.
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anhhung409
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August 06, 2017, 03:39:53 PM |
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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 right. But I think Bitcoin still chooses the dollar. Because the dollar is the world's currency, you can use it all over the world and its value is stable. So the market of Bitcoin is spread all over the world
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carlisle1
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August 06, 2017, 04:38:20 PM |
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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 right. But I think Bitcoin still chooses the dollar. Because the dollar is the world's currency, you can use it all over the world and its value is stable. So the market of Bitcoin is spread all over the world since dollar are still the most use currency so bitcoin will still work with it unless there's another country or another currency like Japan's yen that will benefits most of the holders maybe bitcoin will use that advantage after all japan really showing big interest with this system.
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jvdp
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August 06, 2017, 04:56:28 PM |
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Already Bitcoin becomes a global currency. But unfortunately, Bitcoin is not legal currency all over the world. But some of the countries are using Bitcoin everywhere. I am also using it many ways. And I hope that withing a few years Bitcoin will be valid all over the world.
Ya I am also using bitcoin for many restaurants.In petrol bunk also.Since many countries accepted bitcoin. It will be accepted by all countries. Since bitcoin price is keep on increased. On one day ,it will be world currency.
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MyIdeas
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August 06, 2017, 07:40:10 PM |
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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 right. But I think Bitcoin still chooses the dollar. Because the dollar is the world's currency, you can use it all over the world and its value is stable. So the market of Bitcoin is spread all over the world since dollar are still the most use currency so bitcoin will still work with it unless there's another country or another currency like Japan's yen that will benefits most of the holders maybe bitcoin will use that advantage after all japan really showing big interest with this system. Undoubtedly dollar is currently leading the world economy but it could be replaced by an amazing digital currency like bitcoins. Bitcoins have all the characteristics of sound money and is also acting as a great investment. Indeed Japanese are supporting this system too much which is god for the survival of bitcoins.
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deppil
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August 06, 2017, 11:30:41 PM |
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Yes I also think that bitcoin is becoming a worldwide currency and more people are interested to know about it, how they can treat it.
I dont think so, since bitcoin is a digital currency, every people in this must have Internet connection and gadgets as well if that happened. So I think it is not a good idea that paper money will be xtiynct just think about the people who dont have and still can run with techy world. I think it's not a problem, first everyone in the future will definitely use the internet and then bitcoin can be used anywhere to transact. No matter the country is far away in the world. They can still send money in that country to any country in the world, and that includes global currency
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Black Angel
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August 07, 2017, 07:08:36 AM |
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This is a good time to immediately legalize bitcoin, if we care about the equity of the economy and wealth, then bitcoin is the solution and I agree if bitcoin is becoming a global currency.
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millgates
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August 07, 2017, 08:07:39 AM |
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This is a good time to immediately legalize bitcoin, if we care about the equity of the economy and wealth, then bitcoin is the solution and I agree if bitcoin is becoming a global currency.
Although bitcoin has not been regulated by all countries in the world but bitcoin has been widely adopted as a currency by many companies such as Microsoft and Dell. Experts estimate that by the year 2019, there will be five million active bitcoin users. Then this will prove that bitcoin is becoming a global currency.
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Finestream
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August 07, 2017, 08:12:35 AM |
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This is a good time to immediately legalize bitcoin, if we care about the equity of the economy and wealth, then bitcoin is the solution and I agree if bitcoin is becoming a global currency.
Although bitcoin has not been regulated by all countries in the world but bitcoin has been widely adopted as a currency by many companies such as Microsoft and Dell. Experts estimate that by the year 2019, there will be five million active bitcoin users. That's a great estimate, we need more adopters to dictate the real value and so it will not easily dump when there is a bad news that will come. Bitcoin will surely become a global currency as developed countries and already adopting with it and I can already see how much it will grow in terms of price as the demand increase while the supply decreases.
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NoNetwork
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August 07, 2017, 11:08:45 PM |
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This is a good time to immediately legalize bitcoin, if we care about the equity of the economy and wealth, then bitcoin is the solution and I agree if bitcoin is becoming a global currency.
It was made as a GLOBAL CURRENCY, LOL. Well I think that's the main concept of Bitcoin and its decentralization. For us to be able to utilize it as we see fit. True, legalizing it would be the best option now, in order for the people to accept and adapt Bitcoin more easily. And for us to be able to take advantage now to explain to them what are the benefits of Bitcoin.
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