Ninjastic
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Board Economics
Re: Bitcoin is Becoming a Global Currency
by
groll
on 22/09/2016, 07:42:51 UTC
Quote from: Fraxinus on September 22, 2016, 07:31:54 AM
Quote from: Indrawan77 on September 22, 2016, 07:03:46 AM
Quote from: bryant.coleman on September 21, 2016, 08:02:44 AM
Quote from: madwica on September 21, 2016, 04:51:50 AM
Quote from: Athenasian on September 21, 2016, 03:17:28 AM
It could be possible but not eventually.  There would be many things to consider for it to become a global currency.
Bitcoin now is able to used in an international currency but it can not spend it in offline method because there is not real coin as this moment, but i think bitcoin now is global currency which can be use it in online method.

First, Bitcoin needs to establish itself as a "currency". Right now only 2 or 3 countries recognize Bitcoin as a form of currency. The usage is also quite low, and daily transaction volumes amount to less than $10 million USD. Compare this to the forex volumes of hundreds of billions of USD for the major world currencies such as the US Dollar and UK Pound.
Bitcoin still need to be more famous, in order to become a global currency,  for now its still too little user know bitcoin and using bitcoin as transaction, and bitcoin still need to develop to upgrade the transaction speed, so it's still a long way to become global currency
Exactly,there are just not enough people using BTC right now and it has to change in order for BTC ro reach such a level.I really hope this happens as I want to pay with BTC Cheesy

Yes it will become famous.  The news that I read here on thread stated that New York judge ruled out that bitcoin is a legal currency.  So it will speed up its popularity on people who do not and have little knowledge on bitcoin.  Plus, it will gain curiosity to people who are afraid on using bitcoin as currency.  They will start on investing on it, maybe.  There is really a good time for everything.