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Author Topic: Bitcoin is Becoming a Global Currency  (Read 226327 times)
Osarman
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September 04, 2017, 12:05:20 PM
 #2461

Every region has at the very least a single man or woman who use bitcoin. So in one particular type it has previously a international forex but in other phrases of controllability and international acceptance it requires time to emerge as a global currency.
Actually the definition of Bitcoin is a global currency at first. However, it just not accept by goverment and illegal. Therefore, there are many investor wait Bitcoin become to legal for helps them have a reason for believe future of Bitcoin.
Bitcoins are sued for international transactions and people really want them to be legalized all over the world. There is nothing wrong in legalizing bitcoins as long as they are not controlled by governments because the moment it happened, the bitcoins will lose their attraction.
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Zooplus
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September 04, 2017, 12:50:21 PM
 #2462

Bitcoin has gained global popularity due to its nature of transactions. It is very easy to transact with bitcoin and there are no elaborate procedures involved. It can also not be traced easily that is why many people prefer using it. This feature has made it to be liked by many people thus its likelihood of becoming a global currency is high, specially in a time of a global economical decadence like now...
It seems to me that bitcoin is gaining popularity because for many it has become a source of additional income and sometimes the income becomes more than the basic income. The myth of the privacy of bitcoins is wildly exaggerated. You can always be calculated on exchange transactions.
every day bitcoin is growing in popularity as many people from different parts of the world start using bitcoin and automatically the more people then the bitcoin will be increasingly accepted in various retailers, stores, merchants, etc and with that you will be easier to spend on your bitcoin bitcoins

That's what we are hoping to continue to happen until a massive adoption will happen, bitcoin is just relatively new for most of the people
but its increasing popularity is a good sigh to lead this for a more bigger success in the future.
We support bitcoin not only because we make money from it but because we feel the need of humanity to enjoy the benefits of using bitcoin.
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September 04, 2017, 02:01:59 PM
 #2463

The governments don't like it because they dont really know how to regulate it so as they can continue to steal just as much from the people that use it. The banks hate it because it's threatening the very core of their existence. But even governments have to keep up with the times so if people want to use it for Internet shopping then they will find a way to still get their cut.
NoNetwork
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September 04, 2017, 02:10:32 PM
 #2464

Every region has at the very least a single man or woman who use bitcoin. So in one particular type it has previously a international forex but in other phrases of controllability and international acceptance it requires time to emerge as a global currency.
Actually the definition of Bitcoin is a global currency at first. However, it just not accept by goverment and illegal. Therefore, there are many investor wait Bitcoin become to legal for helps them have a reason for believe future of Bitcoin.
Bitcoins are sued for international transactions and people really want them to be legalized all over the world. There is nothing wrong in legalizing bitcoins as long as they are not controlled by governments because the moment it happened, the bitcoins will lose their attraction.
Not only that they will lose its attraction but also the whole concept of bitcoin in all. It is right that there's nothing wrong about making bitcoin legalized all over the world but we can't control the decisions of other countries are we now.

Once the government get their hands on Bitcoin, it will start to lose its value and eventually be eradicated to the point where it will have no meaning at all.
Pleione527
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September 04, 2017, 03:10:31 PM
 #2465

It is likely to happen for bitcoin to become a global currency but it needs the acceptance of government. Bitcoin popularity increases very fast and so as the demand continue to grow it only means it is accepted globally but somehow it cannot achieve the full adoptation of the market maybe in few more years bitcoin will become the major cryptocurrency accepted globally
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September 04, 2017, 03:29:28 PM
 #2466

it will take some years to become a global currency because Bitcoin has to gain much availability and credibility across the world. But it will be a common currency in the developed countries very soon. But it will be difficult for the least developed countries because of unavailability of Bitcoin.
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September 04, 2017, 03:48:13 PM
 #2467

Bitcoin has gained global popularity due to its nature of transactions. It is very easy to transact with bitcoin and there are no elaborate procedures involved. It can also not be traced easily that is why many people prefer using it. This feature has made it to be liked by many people thus its likelihood of becoming a global currency is high, specially in a time of a global economical decadence like now...
It seems to me that bitcoin is gaining popularity because for many it has become a source of additional income and sometimes the income becomes more than the basic income. The myth of the privacy of bitcoins is wildly exaggerated. You can always be calculated on exchange transactions.
yeah increasingly popular bitcoin day for certain reasons such as profitable investment, fast transactions, currency freedom, etc. the most important and appropriate to this topic is bitcoin has spread to all corners of the world even in poor country even in africa some people have adopted bitcoin for their transaction tool proven I ever did transaction with nigeria people to buy score tips, it proves that bitcoin already spread and become global currency
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September 05, 2017, 10:43:29 AM
 #2468

In some way we could say yes to this topic. Bitcoin is global currency, why is that, mainly cuz of high price. No one expected to see this price in such a short time, if we look from just may this year we could see almost 1000 dollar price increase in month base. Not bad for bitcoin, and this is main reason that bitcoin is going global.



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September 05, 2017, 10:53:40 AM
 #2469

I think i can agree with you on this because bitcoin is being used by more then 1 million people.

But i dont think it will reach that goal this fast.
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September 07, 2017, 08:33:17 AM
 #2470

No question this is happening and aside from there are a good deal of individuals who are now becoming component of bitcoin all in excess of the world. But I am not confident if this is truly feasible or if this is gonna be approve by every other nations around the world leaders and most business would desire their currencies for negotiation..
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September 07, 2017, 12:31:37 PM
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 #2471

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.
We can all see that the influence of bitcoin is continually growing nowadays. Day by day a lot of people are getting interested with bitcoin. You can really say without a doubt that bitcoin will become the global currency for the future. Knowing that it's a global currency which means it can be used by anyone anywhere in the world as long as they have internet connection. This will also benefit us if ever bitcon will become global currency.
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September 07, 2017, 12:36:50 PM
 #2472

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.
I'm not surprised anymore about this. In my stay here, I've witnessed bitcoin's value and power has grown a lot as time passes by and now that it's very famous and influencial, I would more likely to expect it as the global currency in the future days to come but if ever there would be a problem, I know that bitcoin will be able to get pass through it. It's innovation will surely be enough to handle all the circumstances that may come on its way.

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September 07, 2017, 12:43:59 PM
 #2473

It seems to me that bitcoin has at the moment of indication of currency. More bitcoins are subject to the prosperity of speculation. Some people use it as deposits. The main purpose of currency is traded. We do not yet see.
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September 07, 2017, 01:25:50 PM
 #2474

Its true that bitcoin is becoming a global currency and it is no more solely dependent on countries like chins for progress or trade volumes or price increase.Bitcoin has now user base all over the world.We could find some people in most under developed countries of africa having knowledge about  bitcoin and using it.It could be easily used now in japan,south korea,soon in india,australia,philippines,vietnam.Bitcoin already has more investors in europe.We could see that bitcoin price recovers quickly after a price fall.it shows that there is a huge buy wall for bitcoins which prevents its price from falling and even increases it.The only currency which could challenge USD as global reserve currency in future is Bitcoin.
Bitmedrano040117
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September 07, 2017, 02:26:10 PM
 #2475

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.
Bitcoin is already a global currency, and because of that bitcoin became popular in different countries as you mentioned.
So glad bitcoin in some countries became also a legal currency, which shows that bitcoin can never stop due to it is really trend in the internet of the entire world.
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September 07, 2017, 02:32:08 PM
 #2476

Many users are already treating bitcoin as a global currency because they know that it is being used in any part of the world. The adaptation is vastly increasing as day passed by. It is just only different in specs which is not tangible. We can't touch it but it has the best value.

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September 07, 2017, 02:45:03 PM
 #2477

it will be golbal only but many countires will not support it because it is out control of central bank
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September 07, 2017, 04:59:26 PM
 #2478

Yes, bitcoin is changing the financial world as we know it for good! Why do you need USD, Pound sterling, Euro or Chinese Yuan while you have the bitcoin that you could use to send and receive value all over the world. Bitcoin provides the solution that people need which is the currency that is acceptable worldwide. Bitcoin is fully decentralized, fast, secure and bitcoin also has lower transaction fees compared to bank transfers, no more custom regulations or international boundaries. No more transaction fees that says, transaction fees to this country is this and to this county is that.   
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September 07, 2017, 05:10:30 PM
 #2479

Bitcoin will become global currency even though their country has not legalized bitcoin, bitcoin makes it easy for us to transact and bitcoin is also very easy to use, there is no special requirement to start using bitcoin. so bitcoin into global currency makes a very of sense.

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September 07, 2017, 06:43:18 PM
 #2480

Isn't it now bitcoin has become a global currency in virtual form, bitcoin marketcap has established it as the highest among others. To compete with conventional currency, bitcoin cann't be applied globally, because not all countries have readiness to accept bitcoin.

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