People is doubting Bitcoin being a global currency

[Yamifoud]

Those who doubt bitcoin are only those who are pessimistic with bitcoin. And as long as they remain negative about the potentials of bitcoin, they will never see the fact that bitcoin is already a global currency and is already creating successful transactions all over the universe.

This is the goal of bitcoin, this is how financial freedom works. And slowly we will witness bitcoin and fiat co-existing with each other.

[Cleanslate_]

Bitcoin is a global currency but some people are doubting if bitcoin is a global currency or not, they are things we have to consider on bitcoin, especially those people who is having doubts that bitcoin is not a global currency, most of the countries in the world is making used of bitcoin for daily transactions, even a country called El Salvador made bitcoin a legal tender and since bitcoin has approved as a legal tender it still a legal tender in El Salvador till date

I want us to put a stop by doubting bitcoin as global currency, when i saw some discussion about bitcoin being a global currency and not a global currency, i was flabbergasted, and theres things we have to know that bitcoin is a global currency

(1)  it's being known by the most of the countries as a digital currency
(2)  bitcoin has being approved by a country like, U.K, U.S and many European countries
(3)  bitcoin is use for transactions, from one country to another country,
(4)  bitcoin is use for world bank forex trading

The legal status of bitcoin varies substantially from one jurisdiction to another. Because of its decentralized nature and its global presence, regulating bitcoin is difficult. Source

Bitcoin is a global currency and theirs no doubt that will call for debate, if bitcoin is a global currency or not,

I'm asking this question to everyone, are you convinced if bitcoin is a global currency or not?

Such is life not everyone will believe what is happening in the world, when bitcoin came out first it was still the same thing but now today look at what is happening, you don't need to force anyone to accept the reality, for they will late accept it because bitcoin is doing its job and speaking for itself, let them just wait and see what is happening for themselves soonest it will be clear to them, people most always doubt.

[DPHOR]

For now that I understood that Bitcoin is still coming up, 16-17 years isn't that old enough and let just assumed has been in existence for 100 years now what do you think the merging could be? Or let's say it's like the Gold which has been in existence for years if not of 2,000 years ago but yes the market hasn't no much increase couples to how Bitcoin is being seen and likened to them.

[Publictalk792]

For now that I understood that Bitcoin is still coming up, 16-17 years isn't that old enough and let just assumed has been in existence for 100 years now what do you think the merging could be? Or let's say it's like the Gold which has been in existence for years if not of 2,000 years ago but yes the market hasn't no much increase couples to how Bitcoin is being seen and likened to them.

With Bitcoin having life of 100 years, it may come out as main way of measuring value of all things, including homes and food. Bitcoin is only 17 years old and its price is increasing at huge speed, as it is fairly new and growing item and at same time Gold is mature item that people have trusted thousands of years. Hundred year old bitcoin would probably be very steady and be global savings by all central banks in future, similar to way Gold is being used today. Reason to why value of Bitcoin is currently going up higher than Gold is due to fact that it is still being looked at by investors, whereas Gold is pool that is already full of water, Bitcoin is pool that is only 5 percent full, and therefore, level increases fast with each investor making new buy.

[Franctoshi]

Bitcoin is a global currency but some people are doubting if bitcoin is a global currency or not, they are things we have to consider on bitcoin, especially those people who is having doubts that bitcoin is not a global currency, most of the countries in the world is making used of bitcoin for daily transactions, even a country called El Salvador made bitcoin a legal tender and since bitcoin has approved as a legal tender it still a legal tender in El Salvador till date

I want us to put a stop by doubting bitcoin as global currency, when i saw some discussion about bitcoin being a global currency and not a global currency, i was flabbergasted, and theres things we have to know that bitcoin is a global currency

(1)  it's being known by the most of the countries as a digital currency
(2)  bitcoin has being approved by a country like, U.K, U.S and many European countries
(3)  bitcoin is use for transactions, from one country to another country,
(4)  bitcoin is use for world bank forex trading

The legal status of bitcoin varies substantially from one jurisdiction to another. Because of its decentralized nature and its global presence, regulating bitcoin is difficult. Source

Bitcoin is a global currency and theirs no doubt that will call for debate, if bitcoin is a global currency or not,

I'm asking this question to everyone, are you convinced if bitcoin is a global currency or not?

Bitcoin is indeed a global currency and for global use but I doubt if all the government would agree and approve it a global reserve currency like the US dollar, because government don't control Bitcoin, except there's a way that they will
navigate around this and control it, which is almost impossible to do but they're trying to use all the exchanges as a tool but this possible only when everyone puts their Bitcoin on exchange wallet.

No doubt Bitcoin will gradually get recognised worldwide as a digital gold, but legal tender,I doubt because the fiat currency will continue to exist alongside with Bitcoin.
Also may only serve as global currency point of settlement just as it's also doing.

[GiftedMAN]

For now that I understood that Bitcoin is still coming up, 16-17 years isn't that old enough and let just assumed has been in existence for 100 years now what do you think the merging could be? Or let's say it's like the Gold which has been in existence for years if not of 2,000 years ago but yes the market hasn't no much increase couples to how Bitcoin is being seen and likened to them.

Yeah, people fail to understand that Bitcoin is still relatively a new technology that’s still finding its way to mainstream adoption. As popular as bitcoin is right now, not everyone has actually heard about it, so I find it to be absurd when people compare this stage of bitcoin to the position that Gold has already attained. Bitcoin is just a few years now but look how far it has gone, imagine how far more it’ll go in the next decades.

[wmaurik]

Such is life not everyone will believe what is happening in the world, when bitcoin came out first it was still the same thing but now today look at what is happening, you don't need to force anyone to accept the reality, for they will late accept it because bitcoin is doing its job and speaking for itself, let them just wait and see what is happening for themselves soonest it will be clear to them, people most always doubt.

It's perfectly normal for some people to remain skeptical when they first learn about Bitcoin. Some initially doubtful people also come to believe in Bitcoin after they find out for themselves through personal research, learning about it, and reading about it. So, in cases like this, there's clearly no need to force anyone to immediately believe what they've just heard. Basically, everyone needs to learn more before completely believing what they've heard from others. Because those who are curious about Bitcoin will continue to learn about it until they understand it from the right perspective and don't consider it a negative thing for themselves.

[krishnaverma]

Bitcoin is a global currency but some people are doubting if bitcoin is a global currency or not, they are things we have to consider on bitcoin, especially those people who is having doubts that bitcoin is not a global currency, most of the countries in the world is making used of bitcoin for daily transactions, even a country called El Salvador made bitcoin a legal tender and since bitcoin has approved as a legal tender it still a legal tender in El Salvador till date

I want us to put a stop by doubting bitcoin as global currency, when i saw some discussion about bitcoin being a global currency and not a global currency, i was flabbergasted, and theres things we have to know that bitcoin is a global currency

(1)  it's being known by the most of the countries as a digital currency
(2)  bitcoin has being approved by a country like, U.K, U.S and many European countries
(3)  bitcoin is use for transactions, from one country to another country,
(4)  bitcoin is use for world bank forex trading

The legal status of bitcoin varies substantially from one jurisdiction to another. Because of its decentralized nature and its global presence, regulating bitcoin is difficult. Source

Bitcoin is a global currency and theirs no doubt that will call for debate, if bitcoin is a global currency or not,

I'm asking this question to everyone, are you convinced if bitcoin is a global currency or not?

There are lot of problems with making bitcoin global currency.

Like , there are developing countries where people are not smart or educated enough the use bitcoin. How will they transact if it becomes global currency ? Also, what about the price fluctuations, what is the solution to that ?

[wozzek23]

Those who doubt bitcoin are only those who are pessimistic with bitcoin. And as long as they remain negative about the potentials of bitcoin, they will never see the fact that bitcoin is already a global currency and is already creating successful transactions all over the universe.

This is the goal of bitcoin, this is how financial freedom works. And slowly we will witness bitcoin and fiat co-existing with each other.

Bitcoin and fiat currencies already co-exist; it isn't necessary for Bitcoin to become an official currency within a country for it to co-exist with the local fiat currency. As long as Bitcoin and cryptocurrencies are legal and allowed to be used, they are basically co-existing with them. And, this is the case in most of the countries nowadays because some governments have already made Bitcoin and cryptocurrencies legal or regulated and people can use them freely at will, it just depends on whether they can spend their cryptocurrencies or not because they will need merchants to accept them for that.

So Bitcoin is surely already a global currency, but it's just that it's not yet globally accepted everywhere, and not being accepted doesn't mean it's not used, but it's just that businesses and merchants will slowly start adopting and accepting it for payments, and then maybe the whole world will understand that Bitcoin has now become a global currency, because right now, it's mostly considered only an investment asset and it isn't wrong since Bitcoin is mostly being used in exchanges right now.

[Strongkored]

I'm asking this question to everyone, are you convinced if bitcoin is a global currency or not?

No, so far, Bitcoin is more of an investment asset, even those who own Bitcoin prefer to hold it for longer periods for greater returns rather than using it for transactions. You can also see that not many people accept Bitcoin yet. It may be possible for decades to come, as the world changes according to needs. Those who have held it for a long time may reap the rewards once Bitcoin becomes a global currency, but the journey is still long.

[snowpega]

[...]

You can say that Bitcoin is already a global currency because we can make transactions using it anytime or anywhere across borders. But here, one problem is that it is not being accepted by many known companies as a mean or payment. Although if we exclude this point, then we can say that it is fulfilling all the means of acting like a global currency because it is accessible worldwide anytime. CMIIW! At the same time, if we talk about the addition point, then there are some companies that started to accept Bitcoin as a means of payment, which is a big achievement for Bitcoin.

And I believe that seeing that there may be other well-known companies that will start to accept bitcoin as a means of payment, and the reason I am saying that those companies that accept bitcoin as a means of payment have its influence in the global village and that is why seeing that the chances are higher that many other countries would start to accept bitcoin as a mean of payment. DYOR!

[sunsilk]

Im asking this question to everyone, are you convinced if bitcoin is a global currency or not?

It is. There is no need for me to be impressed with all of its factors why it's proved that it's now have grown as a global currency.

But this is where the argument starts and that is because the majority of the people that knows it, won't use it as a currency.

Most of us will use it as a store of value or simply as an investment. An asset that we can hold as it's very scarce. The more we spend it, the more we're feeling that we've wasted it.

Don't get it wrong though if you've spent and used your Bitcoins, you're helping its economy.

[Uhwuchukwu53]

For now that I understood that Bitcoin is still coming up, 16-17 years isn't that old enough and let just assumed has been in existence for 100 years now what do you think the merging could be? Or let's say it's like the Gold which has been in existence for years if not of 2,000 years ago but yes the market hasn't no much increase couples to how Bitcoin is being seen and likened to them.

Yeah, people fail to understand that Bitcoin is still relatively a new technology that’s still finding its way to mainstream adoption. As popular as bitcoin is right now, not everyone has actually heard about it, so I find it to be absurd when people compare this stage of bitcoin to the position that Gold has already attained. Bitcoin is just a few years now but look how far it has gone, imagine how far more it’ll go in the next decades.

Facts remain that popularity and the expansion of Bitcoin as gradual adoption is taken place and duration it has come to existence don't need much comparison because it's clear that Bitcoin is making big wave, to argue it been a global currency for me I don't deem it necessary because within the holder or investor who are currently coming in is full mindset of making profit which centered to be characteristics of investment, I will no doubt that Bitcoin with overtime will definitely be a global currency if more adoption keep taking place before it hit the numbers of years gold have stayed in the .market and circulation it will be more prefer as global currency than anything else.

[DeeppRockk]

Facts remain that popularity and the expansion of Bitcoin as gradual adoption is taken place and duration it has come to existence don't need much comparison because it's clear that Bitcoin is making big wave, to argue it been a global currency for me I don't deem it necessary because within the holder or investor who are currently coming in is full mindset of making profit which centered to be characteristics of investment, I will no doubt that Bitcoin with overtime will definitely be a global currency if more adoption keep taking place before it hit the numbers of years gold have stayed in the .market and circulation it will be more prefer as global currency than anything else.

Honestly, this feels like 2017 all over again. People keep pushing Bitcoin as a global currency, but I've seen this movie before-it's a store of value, plain and simple.

Gold took centuries to gain global acceptance, and Bitcoin's no different, albeit it would need decades probably, at least.

Focus on it as a reserve asset as of now, not daily spending.

[Iranus]

I'm asking this question to everyone, are you convinced if bitcoin is a global currency or not?

No, so far, Bitcoin is more of an investment asset, even those who own Bitcoin prefer to hold it for longer periods for greater returns rather than using it for transactions. You can also see that not many people accept Bitcoin yet. It may be possible for decades to come, as the world changes according to needs. Those who have held it for a long time may reap the rewards once Bitcoin becomes a global currency, but the journey is still long.

The truth is that Bitcoin is not yet a global currency, but many people do not want to admit it.

If you pay attention, you will notice a paradox. Most people who consider themselves pioneers of the Bitcoin revolution are actually just holding onto it and hoping to get rich someday. Not many people want to use Bitcoin for spending, but they all agree that it has become a global currency. That is clearly a paradox because currency is meant to be spent, not hold for profit

Honestly, Im not optimistic about Bitcoin gaining recognition and becoming a global currency. Instead, I think it will become a global asset, and it has already achieved that.

[Livingleged]

Im asking this question to everyone, are you convinced if bitcoin is a global currency or
currency.

It’s not a matter of being convinced or not the adoption across the whole world is a testament that it’s a global currency even though it’s not officially approval by some countries governments but it is widely used in those countries and more look at here for how it has been adopted and been in used over the world

[Danica22]

For now that I understood that Bitcoin is still coming up, 16-17 years isn't that old enough and let just assumed has been in existence for 100 years now what do you think the merging could be? Or let's say it's like the Gold which has been in existence for years if not of 2,000 years ago but yes the market hasn't no much increase couples to how Bitcoin is being seen and likened to them.

Yeah, people fail to understand that Bitcoin is still relatively a new technology that’s still finding its way to mainstream adoption. As popular as bitcoin is right now, not everyone has actually heard about it, so I find it to be absurd when people compare this stage of bitcoin to the position that Gold has already attained. Bitcoin is just a few years now but look how far it has gone, imagine how far more it’ll go in the next decades.

In my opinion, any comparison between Bitcoin and gold is absurd. Because they are two asset of two different generation, born in two completely different economic and global awareness context.

Bitcoin was created in the digital age, when the internet became widespread and spread globally. Therefore, its rapid adoption and widespread use are not surprising. Meanwhile, gold has existed for thousands of year, so it is only natural that it enjoy global trust and has a larger market capitalization

However, I agree that Bitcoin will go even further because its adoption is still happening rapidly. But for it to surpass gold as some Bitcoin investors predict, I seriously doubt it.

[sunsilk]

~snip~

It’s not a matter of being convinced or not the adoption across the whole world is a testament that it’s a global currency even though it’s not officially approval by some countries governments but it is widely used in those countries and more look at here for how it has been adopted and been in used over the world

Yes, it's widely used now and those countries that don't recognize it whether as a currency or as an asset, they're few.

And soon, we might see them that they're also one of us already and while they're still not yet into it.

It's not going to bother the other several countries and people who have adopted it. We're here and still much earlier than the most people of the world.

[Obim34]

Bitcoin is a global currency and theirs no doubt that will call for debate, if bitcoin is a global currency or not,

I'm asking this question to everyone, are you convinced if bitcoin is a global currency or not?

If Bitcoin has become a global currency as you say, that mean we should have the majority of cross border transaction using Bitcoin over banks. If you do use Bitcoin as a borderless payment option, it works for you but we are not yet at the level when the government also have to rely on Bitcoin to carry out financial trade using Bitcoin.

Why will you be worried about Bitcoin becoming a global currency when you are under no restriction, If i were you i rather set my goals on how to make profits from Bitcoin, worry about global existence is a waste of time.

[Razmirraz]

For now that I understood that Bitcoin is still coming up, 16-17 years isn't that old enough and let just assumed has been in existence for 100 years now what do you think the merging could be? Or let's say it's like the Gold which has been in existence for years if not of 2,000 years ago but yes the market hasn't no much increase couples to how Bitcoin is being seen and likened to them.

Yes, Bitcoin is still in its development stage, a duration of less than 20 years is a relatively short time to gain higher recognition. Despite its status as a new technology and not many people know about it, Bitcoin's development has increased so rapidly in recent years that its price has also increased. Now is not the time to compare Bitcoin with gold which has been around for thousands of years, in my opinion, that would be unfair. At its very young age, Bitcoin still has great potential for growth and development. I also can't predict how far it will develop in the future. If its adoption becomes more widespread, it may strengthen its status as a means of payment and investment, thereby increasing its value and stability.