Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Monster5 on October 15, 2020, 05:24:46 PM
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
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Once I a believer of this speculations but I realized that having one digital currency globally is a thing that impossible to happen rather the possibility relies only with the same function and use of the dollars.
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Once I a believer of this speculations but I realized that having one digital currency globally is a thing that impossible to happen rather the possibility relies only with the same function and use of the dollars.
Yes it is actually a very expensive coin worldwide.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
Thank you very much. For such a good quality post. Not everyone knows about Muda. Those who didn't know would benefit if they came and read your post. I hope you will post more like this. So that we can learn something.
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Decentralized cryptocurrency cannot become a global world currency that would be used by all states and their bodies in the world. It cannot even be on the scale of an individual state. Country budget planning and execution in a decentralized cryptocurrency with its high price volatility is impossible. And not a single state will ever allow someone else's currency, and even cryptocurrency, to use its territory as the main means of payment.
National money is an integral attribute of statehood. The state will not have its own currency, it can be considered that half of the state already depends on other states. It is very serious. Therefore, the state will destroy anyone who encroaches on its financial independence.
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No. Bitcoin will never be a single currency in the world. It will become a digital currency that helps people around the world transaction easier. But this will not be going to be a single currency. There will be still fiat and some top altcoins for implement together
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
Thank you very much. For such a good quality post. Not everyone knows about Muda. Those who didn't know would benefit if they came and read your post. I hope you will post more like this. So that we can learn something.
All right, brother, pray that I can benefit you by posting more beautiful.
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I think it will not be possible because of course it will cause price inflation and of course must have a very large supply.
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I don't think if bitcoin becomes the single world currency because you know the transaction fee is so high and we don't like it. Maybe we should look other cryptos that has low transaction fee.
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I don't think if bitcoin becomes the single world currency because you know the transaction fee is so high and we don't like it. Maybe we should look other cryptos that has low transaction fee.
Obviously there will be different perceptions about high transaction fees, because to my knowledge bitcoin makes a fair transaction for everything we do. In fact, the main problem is to equalize the perception of each country to be able to accept bitcoin as a legal exchange, because there are still many countries that do not recognize it. that's why it is unlikely that it will happen. Instead, let Bitcoin be a separate system that is already running.
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I think it will not be possible because of course it will cause price inflation and of course must have a very large supply.
What you are saying is true, it makes perfect sense to deny that Bitcoin will become the single currency in the World. It will be very confusing for merchants of goods or services when there is fluctuation in the price of Bitcoin, how do we regulate the price of the goods we buy with Bitcoin? when at that time the price of Bitcoin rose or fell drastically!
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
I think It is good thing, if at the coming future bitcoin will be a single world currency.
I see many government against Crypto currency, because Crypto currency cannot be controlled like fiat money.
But we must see the future technology.
Digital currency will dominate at future transaction and Investment.
I see many people already believe in Crypto for Investment because It is more profitable.
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The adoption and utility of BTC so far are still very limited. The use as a world currency is also still limited in some merchants and companies. Bitcoin is surely expected to be a world currency. but not the only one.
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Yes brother bitcoin will be the world accepted cryptocurrency in future. People lossing interests on hard money due to being a medium of corona virus.
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The more advanced the human community, the more technology will be used and the easier ways to transact. There will come a time when this blockchain technology will spread all over the world. Then bitcoin transactions will increase tremendously. Not every country will have a paper currency in the future, but Bitcoin will. With the development of technology will come the development of Bitcoin. Bitcoin infrastructure around the world will improve. Bitcoin will play a role in developing the infrastructure of the human community. Bitcoin users will be very proud of bitcoin. Bitcoin will become a part of human life. Because just as money is needed on the go, so will bitcoin. Every business and organization will have bitcoin transactions. People will use bitcoin more in digital currencies and in future Bitcoin will be used for most trades. People speculate about Bitcoin at various conferences. There are various experts who will do research in this regard. There will be a group of researchers who talk about bitcoin in various ways. Currently, many researchers are making various comments about bitcoin. So we see the beautiful and bright future of Bitcoin and Bitcoin will spread all over the world. We have already seen that in most countries of the world Bitcoin has been given value or status.
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Once I a believer of this speculations but I realized that having one digital currency globally is a thing that impossible to happen rather the possibility relies only with the same function and use of the dollars.
People want to keep their resources in a safe place and people come up with various plans and ways to keep these resources in a safe place. So now is the time to solve all these problems. That is, if anyone wants their assets to be protected, it is Bitcoin. They can see that people from any country can trade with Bitcoin. So if a person buys bitcoin, he will get it in his bitcoin wallet. That is not unreasonable. But Bitcoin was a very crisis moment. When the price of Bitcoin was low. But now Bitcoin has high aspirations. Popularity and demand in the market, increasing use in various businesses. All the rich and famous people in the world have started using Bitcoin. As a result, Bitcoin position has increased. Bitcoin has received as a universal currency. Bitcoin is probably going to show surprises in the next world. Bitcoin has a lot of plans. Many of them will become millionaires if the price goes up, from this coin hold. Bitcoin will bring a new invention to the next world. Technology will improve. Hopefully some more technologies up front, they will further enhance the greatness of Bitcoin. So I believe Bitcoin will re-emerge in the next world.
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that is not possible because so far bitcoin has very little supply and the transaction fees are very expensive which will make users think even more about making transactions.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
Thank you very much. For such a good quality post. Not everyone knows about Muda. Those who didn't know would benefit if they came and read your post. I hope you will post more like this. So that we can learn something.
What is Muda?
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that is not possible because so far bitcoin has very little supply and the transaction fees are very expensive which will make users think even more about making transactions.
Yes, all factors will be considered to be able to become and hope that something can be made single, because I agree, because transaction costs will clearly affect it, it is difficult to materialize.
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The more advanced the human community, the more technology will be used and the easier ways to transact. There will come a time when this blockchain technology will spread all over the world. Then bitcoin transactions will increase tremendously. Not every country will have a paper currency in the future, but Bitcoin will. With the development of technology will come the development of Bitcoin. Bitcoin infrastructure around the world will improve. Bitcoin will play a role in developing the infrastructure of the human community. Bitcoin users will be very proud of bitcoin. Bitcoin will become a part of human life. Because just as money is needed on the go, so will bitcoin. Every business and organization will have bitcoin transactions. People will use bitcoin more in digital currencies and in future Bitcoin will be used for most trades. People speculate about Bitcoin at various conferences. There are various experts who will do research in this regard. There will be a group of researchers who talk about bitcoin in various ways. Currently, many researchers are making various comments about bitcoin. So we see the beautiful and bright future of Bitcoin and Bitcoin will spread all over the world. We have already seen that in most countries of the world Bitcoin has been given value or status.
bitcoin is one of the most advanced coins in the world. Bitcoin prices are always higher worldwide. Because it has gained a lot of fame all over the world. And what you say must happen in the future.
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No. Bitcoin will never be a single currency in the world. It will become a digital currency that helps people around the world transaction easier. But this will not be going to be a single currency. There will be still fiat and some top altcoins for implement together
I also believe that Bitcoin won't be a single currency in the world. There will exist local currencies and world currencies like USD. Bitcoin will never eradicate any local and international currency rather Bitcoin will exist as a digital currency where most of the people of the world can use with their local currencies.
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There is no denying that bitcoin has become a single world currency. Many investors and companies have considered bitcoin as an asset and are also doing world wise transactions.
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that is not possible because so far bitcoin has very little supply and the transaction fees are very expensive which will make users think even more about making transactions.
Yes, all factors will be considered to be able to become and hope that something can be made single, because I agree, because transaction costs will clearly affect it, it is difficult to materialize.
It is more likely that bitcoin will function in parallel with the payment systems of different countries. No state will agree to the fact that instead of its monetary unit in the country, payments are made in a decentralized cryptocurrency.
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Bitcoin will never become one currency in the world. It will become a digital currency that makes it easier for people around the world to transact. But it will not become a single currency.
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There is no denying that bitcoin has become a single world currency. Many investors and companies have considered bitcoin as an asset and are also doing world wise transactions.
Bitcoin can become the single world currency when most states and their international bodies will use it as a means of payment when concluding international treaties. And this will never happen. Even high price volatility will prevent bitcoin from becoming the single world currency. After the possibility of the appearance of stable coins of the central banks of states, this is generally ruled out in principle, since a good alternative to decentralized cryptocurrency has appeared in states.
Individuals have been using Bitcoin for a long time, but this will not allow it to be considered a single world currency.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
No, I don't think bitcoin will be a single world currency. I think.at the coming future, we will see there is many potential Crypto currency will be currency. Every country will have own Crypto currency. Because I believe Crypto currency is the future currency.
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Since the day I entered in crypto forum and this rumors has been one of those most unending discussion yet the until now bitcoin is still struggling to that road. This could be the hardest part of btc since it is decentralized, meaning in order for btc to become the currency of the world it must be controlled under the decentralized category.
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Many opinions say the future of bitcoin is better, but in fact Bitcoin is still bitcoin which has a function as a digital exchange tool besides Fiat money. Because Bitcoin is the parent and origin of cryptocurrency, there will always be other cryptos that stay abreast of Bitcoin's developments.
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I also think it is unlikely that Bitcoin will be a single world currency. I doubt there will ever be a single world currency, to be honest. Bitcoin was the pioneer of digital money, but right now we are closer to countries creating their own digital money rather than adopting an existing cryptocurrency.
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The answer is ever ad it is impossible.
Why?
There will be always other currencies to be used in the world. The fiat may be turned to digital currencies. bUt it is not replaced by crypto or even BTC. I am sure that BTC can be a very promising cryptocurrencies moreover for investment.
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Bitcoin isn't a single coin to survive and improve in the future. Altcoins also will follow Bitcoin as they are also important and have influence in crypto space. I really believe that people now need altcoins and they don't want to lose them. Moreover, I cannot imagine if no alcoins in this world, how Bitcoin can struggle alone. Altcoins should be always there to support Bitcoin, mate.
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The possibility for this remains unclear as long as bitcoin holds the decentralized position and another reason is its volatility. Because these two is the great weakness though the strength at the same time.
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Decentralized cryptocurrency cannot become a global world currency that would be used by all states and their bodies in the world. It cannot even be on the scale of an individual state. Country budget planning and execution in a decentralized cryptocurrency with its high price volatility is impossible. And not a single state will ever allow someone else's currency, and even cryptocurrency, to use its territory as the main means of payment.
National money is an integral attribute of statehood. The state will not have its own currency, it can be considered that half of the state already depends on other states. It is very serious. Therefore, the state will destroy anyone who encroaches on its financial independence.
I agree with the fact. Decentralized cryptocurrency cannot become a global world currency.
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I think we can see bitcoin as a single currency in the future, which has attracted the attention of presidents and all large companies in the world. I think crypto coins are a part of my life now.
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I think that is not possible because the limited supply will make it difficult for bitcoin to become a digital currency.
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I think bitcoin also needs friends like altcoins. Because the crypto market will also be crowded when there are altcoins not only bitcoin. And it will be difficult for bitcoin to stand on its own.
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The possibility for this remains unclear as long as bitcoin holds the decentralized position and another reason is its volatility. Because these two is the great weakness though the strength at the same time.
Yes, I also agree with you. Volatility is the reason cannot be a single world currency. No one cannot control bitcoin . It will affect the stability of economic. I think the government will not take the risk. So, they will create own coin, like altcoin.
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Never, because there are many currencies in this world. Bitcoin is decentralized and the government will never allow it to happen. BTC will be one of the currencies in this world. But it is not only the one. There are still many currencies and also digital currencies that probably government will issue
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It is right that bitcoin is more acceptable than anyother coin. Many countries have already permitted bitcoin. But it does not proves that no other coin will exist. We know some altcoins have already got popularity. A lot of investors are investing on it. Ethereum is the best among them. These altcoin will also be accepted soon.
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Never, because there are many currencies in this world. Bitcoin is decentralized and the government will never allow it to happen. BTC will be one of the currencies in this world. But it is not only the one. There are still many currencies and also digital currencies that probably government will issue
agree, it is difficult to be able to monopolize a currency because every country has different needs. not necessarily recognized in one country, but also recognized in other countries, even though it is well known because each country has its own rules.
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In fact, maybe it could become single coins in the world. However, it would be wonderful if bitcoins existed and altcoins remained. Because both of them complement each other, if they continue to exist, these two cryptos will be even more colorful and beautiful.
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If we talk about the probability to be a big payment and currency for global transactions, yes it can be. But, if to be the single world currency, it will not. Bitcoin is a very amazing digital currency, But,t his doesn't have enough power to replace fiat in which there is a great backend by the government. Countries will never allow to it happen
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The future life must be more complicated than today, we cannot rely on a single currency. I am sure that Bitcoin won't be a single currency even if it becomes a global currency in the future. There should be other currencies and it is a real one, I mean printed currency. People cannot use a digital currency everywhere, they need physical currency.
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It will be difficult for bitcoin to stand alone, especially now that there are many altcoins that complement bitcoin. Because of the high price, if there were no altcoins, the smaller players would be lost because they couldn't afford to invest in bitcoin. and this will reduce the amount of investment in crypto. So that crypto could die.
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This is a great idea, but many people in our world do not even have the Internet and a device to install a wallet, we are still far from that (
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No brother. What is the purpose of altcoins if bitcoin is the single currency in the future?
Aside from that, centralized and decentralized method are different faces. system bursts could happen once each party insisted to become in one.
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If Bitcoin becomes a trusted currency globally, I will believe it can be. But, if it becomes the single currency, I don;t think that BTC will defeat fiat. Now, the currency is fiat and the government really protects it. That is why we need to get more ideas about how to store and also sell the BTC for worthier investment.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
No, I don't believe bitcoin will be a single world currency, We all know, All countries have own currency, They will support their currency. Several countries have blocked bitcoin. I think we will see many Altcoin will be there. Every countries will have own Crypto.
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I think it will not be possible because so far bitcoin only has a very limited supply, so if you want to make bitcoin usable by many people, you must have a very large supply because otherwise it will be used as a price game and it will make a lot of people lose money.
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Bitcoin already has many community members in various parts of the world, I am sure if everyone gets together and uses Bitcoin to pay for food what is expected to happen, but there are some problems that must be faced such as regulations from each country that do it. does not allow the use of Bitcoin for payments. There are online shop platforms like alibaba, aliexspres and many other online shops that accept Bitcoin payments, I think Satoshi Nakamoto's idea will soon be realized.
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Because nowadays bitcoin and altcon are a perfect mix. so I think it will be difficult for bitcoin to stand alone without altcoins. Moreover, this bitcoin price is quite high, so of course it cannot be reached by all people.
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The answer is ever ad it is impossible.
Why?
There will be always other currencies to be used in the world. The fiat may be turned to digital currencies. bUt it is not replaced by crypto or even BTC. I am sure that BTC can be a very promising cryptocurrencies moreover for investment.
I agree, I don't think Bitcoin would ever replace fiat money. Especially now that CBDC's are appearing. I'm curious about the future of Bitcoin though when more countries create their own digital money. I think it can still remain relevant.
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This is possible but very hard to achieve. Because every country has a different culture,value for a thing. Monies are sometimes able to describe if the country is rich or not at all. We all differs on handling the supplies.
But it would be very helpful because we can literally get rid of discrimination and live equally because we have equal value of monies.
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If Bitcoin becomes a trusted currency globally, I will believe it can be. But, if it becomes the single currency, I don;t think that BTC will defeat fiat. Now, the currency is fiat and the government really protects it. That is why we need to get more ideas about how to store and also sell the BTC for worthier investment.
Even now, bitcoin is used in all countries of the world where there is an Internet connection. But this does not mean that all governments will accept bitcoin, since it is decentralized, and in this it will have a problem with the government.
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if bitcoin is used as only one digital currency it will have a bad effect because there will definitely be price inflation that will occur because the price movement will increase and of course the transaction fee will be very expensive in exchange rate.
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It is right that bitcoin is gradually capturing the world's market and becoming one f the important currencies in the world but it is a day dreamer who think Bitcoin will be a single currency in the world. Only one currency cannot lead the world currency market. already different altcoins have made a good position in the crypto market.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
Bitcoin is a digital currency and it have high value if we subtitute it as a main curreny or only currency and the price of it is not stable at all i think it is not good idea. We a currency that transparent to us and this is not the bitcoin. The possible outcome if the bitcoin becomes only currency in the world the prices of the products will become expensive.
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Actually i am not agree in this concern because we know every county have different types of fiat money or currency where bitcoin is the crypto currency which is not allowed to the whole world. Most of the country restrict crypto currency. Where how can i say it will be world currency?
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Bitcoin is the only currency that is much more popular around the world. And the amount of constant investment in this currency is much higher. It is the only single currency that is used instead of the local currency. Due to its much more popular currency, it has single users all over the world. And this single currency helps other currencies to rise to the top. So Bitcoin is considered as one of the best current and future currency.
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Bitcoin is one of the largest and most popular currencies in the world. Bitcoin currency should be invested if every community or nation wants to benefit. Of course any community can benefit by investing in Bitcoin currency. In the future, Bitcoin will create a situation where the popularity of the currency around the world becomes more active. The currency can be traded with all currencies as a single cryptocurrency.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
I don't think about it. I don't believe bitcoin will be a single world currency, because every countries have own national currency. But when the digital era come, I think It is possible will be. Bitcoin is the pioneer of Crypto currency, It is always be number one.
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I don't think about it. I don't believe bitcoin will be a single world currency, because every countries have own national currency. But when the digital era come, I think It is possible will be. Bitcoin is the pioneer of Crypto currency, It is always be number one.
Yes, I think you are right.Every countries have own national currency, So It will the reason bitcoin cannot be a single world currency. I think at the coming future, every countries will have crypto currency. So, bitcoin is remaining Bitcoin.
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The answer is no. There are so many countries in this world. And of course, the condition of each country is different. Some countries may be ready for it but some are not. It needs a very big effort to introduce ll countries to it and make them use BTC. That is why let's make what we can say as good cryptocurrency
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The answer is no. There are so many countries in this world. And of course, the condition of each country is different.
I also agree with you, I think it is too risky if Bitcoin is the only cryptocurrency that is an alternative payment in many countries,
The maximum supply of bitcoin is not suitable as a means of payment, bitcoin is more suitable if it is an asset to store value while for alternative payments it is more suitable to use stablecoins.
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Thats impossible to happen, Bitcoin will be one of the "store of value" asset but it's not likely made to be a single world currency.
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I think it will be difficult for bitcoin to survive alone. because indeed the crypto market will be colored by the existence of altcoins not only bitcoin. And the crypto market would have been quiet if it were only
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According to the demand of bitcoin it can be said that it would be the world currency but if we look through the reality then it would not possible. It may so high price but government doesn't want that bitcoin will be the single world currency.
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So far, the whole world is not ready to switch to one single currency, and this is all due to the fact that bitcoin is still not legalized in all countries and due to the fact that bitcoin transactions cannot be traced and therefore it is not known whether bitcoin will ever become the only currency in the whole world which people will use, but I would like to see that there would be only one currency available around the world and bitcoin of course would be an excellent option for this.
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Bitcoin will be difficult if you raise a single currency, because there are so many countries in the world that each country has its own currency with different exchange rates. But I have an opinion that Bitcoin will be used by all countries in this Dunt without replacing the currencies of these countries, so they between Bitcoin and FIAT will work together according to their respective functions.
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According to the demand of bitcoin it can be said that it would be the world currency but if we look through the reality then it would not possible. It may so high price but government doesn't want that bitcoin will be the single world currency.
I agree with you, the reason why bitcoin cannot be a single world currency, because government doesn't want that bitcoin will be the single world currency. Every countries have own national currency, So I don't believe It will happen mate.
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Maybe not, most of the countries can't afford changes in terms of technological advancement that every nation has facing. Maybe the developed countries use bitcoin as they currency and not only a digital asset. But the developing countries can't afford to adopt to the aforementioned changes.
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Bitcoin will be difficult if you raise a single currency, because there are so many countries in the world that each country has its own currency with different exchange rates. But I have an opinion that Bitcoin will be used by all countries in this Dunt without replacing the currencies of these countries, so they between Bitcoin and FIAT will work together according to their respective functions.
It's right, I also predicted about it. Bitcoin will be used by all countries but not replace their own currency. So, bitcoin will not be a single world currency. Bitcoin is remain bitcoin , will be more popular at the coming future. But not be a single world currency.
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The rate at which Bitcoin and the prestige of Bitcoin have begun to rise around the world suggests that Bitcoin will one day be accepted as a currency around the world. This coin will be used by everyone.
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Of course no, I imagine how it will become a single currency. How is fiat issued by the government? The government will never make it true. Moreover, not all citizens in each country welcome the sue of crypto Many of them do not know about technology and crypto.
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I don't think so. I know that bitcoin is the top and high price able crypto currecny in the world. It is true that people are getting more attraction on bitcoin or cryptocurrency. Now bitcoin is used in all over the world. But i believe that it will not be the world currency. It is impossible for any think like bitcoin.
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I think that will not be possible because by making bitcoin a single currency it will only make the price fluctuate and unstable maybe those who don't understand will make losses, but those who understand will make a lot of profit.
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No. Bitcoin will never be a single currency in the world. It will become a digital currency that helps people around the world transaction easier. But this will not be going to be a single currency. There will be still fiat and some top altcoins for implement together
You are right that Bitcoin can never become a currency because the price of Bitcoin always fluctuates. And currency prices never fluctuate and always remain the same. Bitcoin is considered illegal in many countries.
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Bitcoin is the only currency that is much more popular around the world. And the amount of constant investment in this currency is much higher. It is the only single currency that is used instead of the local currency. Due to its much more popular currency, it has single users all over the world. And this single currency helps other currencies to rise to the top. So Bitcoin is considered as one of the best current and future currency.
Btc is the most popular currency in the world there is no doubt about this matter .I appreciate your speech thank you so much .
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Bitcoin is the only currency that is much more popular around the world. And the amount of constant investment in this currency is much higher. It is the only single currency that is used instead of the local currency. Due to its much more popular currency, it has single users all over the world. And this single currency helps other currencies to rise to the top. So Bitcoin is considered as one of the best current and future currency.
Btc is the most popular currency in the world there is no doubt about this matter .I appreciate your speech thank you so much .
Near future bitcoin will be the number one global accepted cryptocurrency. Day by day bitcoin popularity increasing ultimately.
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I think bitcoin also needs friends like altcoins. Because the crypto market will be crowded when it is not only bitcoin but also altcoin. And it will be difficult for bitcoin to stop on its own.
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Although the unit that will do this is not bitcoin, I think there will be a unit from the cryptocurrency. Although Bitcoin has been understood recently, it is the technology of 2009. As of 2020, many units that can perform faster transactions with less commission have emerged.
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No. Bitcoin will never be a single currency in the world. It will become a digital currency that helps people around the world transaction easier. But this will not be going to be a single currency. There will be still fiat and some top altcoins for implement together
You are right that Bitcoin cannot be a single currency in the world. It will become a currency that will be developed as a digital currency around the world. Will assist in transactions around the world.
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There is no way Bitcoin will become a single currency because Bitcoin certainly has its own characteristics, which only exists in the digital world.
The currency must have physical evidence in exchange for everyone to see while Bitcoin does not have physical evidence and this is a problem.
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Bitcoin will take a long time to become a single world currency bitcoin transactions are only possible in the online world externally fiat currency is more common there are many countries where bitcoin has no use so if bitcoin is the world's single currency many people will have problems. If the whole world supports it and turns it into an digital asset then everyone will use bitcoin as a fiat currency.
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Bitcoin was created a few years ago. From now on, the popularity of cryptocurrency used by people has shifted all over the world. Satoshi Nakamoto created Bitcoin and spread it all over the world. I think Bitcoin or cryptocurrency has gained such popularity over the ages. Bitcoin has become more widespread as people around the world use Bitcoin.
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If 1 BTC = $1M, 1 satoshi = 1cent, still fully satisfy the daily payment.
However, we cannot utilize the full power of blockchain as we are limited to Bitcoin's transaction speed and not fully utilize the value of smart contracts.
BTC is good, but BTC cannot exist lonely to serve the world's needs.
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Bitcoin may be legalized and become equal to fiat currencies at some point, but becoming a single world currency? I doubt it.
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If in my opinion bitcoin cannot be the world's single currency because not all countries can accept bitcoin / legalize it, don't know why there are still many countries that cannot accept bitcoin? That is in my opinion, but we don't know what will happen in the future.
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Bitcoin will never become the single world currency. States and their bodies will not widely use bitcoin. Bitcoin will remain the currency of citizens and some commercial structures. If earlier there was still a certain probability of the use of bitcoin by states in some cases, now this probability has dropped dramatically due to the possibility of switching to the use of digitized currencies of their central banks.
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Can not !
The government cannot guarantee its people with only one object.
Look at Bitcoin which has no fixed price and changes every day.
For money that is stable, the government has difficulties to guarantee its people, such as from currency inflation etc.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
Exactly my thought. I was thinking that if we can use a currency globally it will helps us to be strong world without having Economic problem. The crypto is the currency which have capability to dp such a things to globally. Hope we can see it on near futur.
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There is no way Bitcoin will become a single currency because Bitcoin certainly has its own characteristics, which only exists in the digital world.
The currency must have physical evidence in exchange for everyone to see while Bitcoin does not have physical evidence and this is a problem.
Yes, I agree mate. I think It is the reason why bitcoin cannot be a single world currency. Bitcoin is digital currency , doesn't have physical evidence. So it is difference with fiat money. I don't think it will happen at the coming future.
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Once Bitcoin can become a single world currency, but then the dollar should disappear. I think this will only happen if there is a collapse of the current monetary system. It's interesting to see this in life
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Well, Bitcoin becoming a world one single currency may sound funny, but in the economy of the present world, there are ups and downs and nothing can be seen to be certain; it is very possible but this may take a longer time to happen.
Some people had emphasized that Bitcoin is digital currency and that it has no physical form, but I think that development and advancement is happening on the daily basis, and obviously, Bitcoin may surpass all these challenges and be position to play more rolls like the the fiat currency.
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I don't think digital currency can be a single world currency. Because we all know bitcoin or digital currency is volatility. They are not stable. If digital currency be world currency, I think It is not good for economic.
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There are many countries that have other views about Bitcoin. Because of its unstable price, currently several countries like China have developed a digital currency which they call Yuan and there are still other stable coins that will become part of the digital currency in the world.
Bitcoin has high popularity and I think P2P transaction systems will continue to be developed with the choice of many altcoins as digital payment transactions in the future.
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Once I a believer of this speculations but I realized that having one digital currency globally is a thing that impossible to happen rather the possibility relies only with the same function and use of the dollars.
Yes it is actually a very expensive coin worldwide.
It has proved that how valuable coin it is. I have seen a huge dump and the a sweet recover now see where it has climbed over the moon. I wish it will go over 20k$ soon.
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Once Bitcoin can become a single world currency, but then the dollar should disappear. I think this will only happen if there is a collapse of the current monetary system. It's interesting to see this in life
This will never happen. No state will ever accept Bitcoin or any other decentralized cryptocurrency as its main currency and will never give up its national money. The high price volatility of the cryptocurrency will prevent states from using it as their primary means of payment. However, this is only one of many reasons for this. Decentralized cryptocurrency can only exist simultaneously with the national money of states.
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I agree with this ,I think bitcoin is already an excellent cryptocurrency to protect against inflation,you can also take into account the crisis and the weakening of the dollar and other national currencies!
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Yes, I think Bitcoin will become known as the single world currency. Bitcoin transactions will begin worldwide. Bitcoin will be used a lot more in different countries. Developed countries will go a long way in using bitcoin. As a result, all countries will be obliged to approve bitcoin. There will be a pressure on bitcoin transactions around the world. That day will come in the future.
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Of course, it will be difficult for Bitcoin to become a single currency in crypto. Because a lot of investors are also interested in crypto by investing in altcoins. If there were only a limited number of Bitcoin, then of course crypto users would also slowly disappear.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
No, I don't believe bitcoin will be a single word currency. We all know dollar and Europe dominate. I think digital currency will be another currency ,not replace or will be a single world currency. Every countries have own currency.
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Bitcoin can become a single monetary currency,but there are many barriers,for example, many still do not use card payments and pay only in cash, because there is no possibility of this!This will definitely not happen in the next few years and it is difficult for me(
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Yes, I think Bitcoin will become known as the single world currency. Bitcoin transactions will begin worldwide. Bitcoin will be used a lot more in different countries. Developed countries will go a long way in using bitcoin. As a result, all countries will be obliged to approve bitcoin. There will be a pressure on bitcoin transactions around the world. That day will come in the future.
I'm not sure if all countries should be required to use bitcoin, every country has a policy to use bitcoin or not, because every country has different considerations depending on the conditions of each country,
although it is undeniable that bitcoin has the opportunity to be used by many countries as an alternative payment in the future.
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Bitcoin has been held by many people year after year in the hope of making a good profit. Hopefully they will get a good profit. Bitcoin is a currency that cannot be compared to any other current. Bitcoin has now gone to the highest level. It is expected that Bitcoin will be valued more than gold.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
it cannot happen, countries has its own currency and value to the world of financial status in the economy. I cant imagine single currency that would reign the the entire market worldwide. The world needs stable currency that dictates the true value of the product or services. BITCOIN is a highly volatile currency and would devalued anything or push high any product or services and that is not good in determining the real value. I always believe in the current set-up of the world financial institution. bitcoin would a highly great support for the fiat shortcomings.
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I agree with you. But it will take a long time for Bitcoin to become the only currency in the world. It is not possible so soon that Bitcoin will become a worldwide currency. It takes a long time to happen. But I think Bitcoin will one day be the only currency in the world. Because in some countries now you can buy a lot with bitcoin. Bitcoin's popularity is growing day by day, which is why the demand for it is increasing. I think bitcoin is much better than money. It does not have to be carried around in the pocket. Can be used whenever desired. So one day people will realize that Bitcoin is better than money. So I think the senior brothers of this forum can say better about this and I have seen that many senior brothers have given good replies to this topic.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
I think ,it will not happen. Bitcoin could not be single world currency. Because every countries have national currency.
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Is it possible ! Yes it is possible and if anything can beat doller that only would be the BTC I believe that . The popularity the surpass and the technology everything have in BTC but lack is only govt Bona Fides
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Is it possible ! Yes it is possible and if anything can beat doller that only would be the BTC I believe that . The popularity the surpass and the technology everything have in BTC but lack is only govt Bona Fides
Yes, I think It is possible by when digital currencies have been accepted by almost all countries.
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I agree that maybe Bitcoin will be accepted worldwide, but it can't exist as single curency. Countries are researching and developing their own CBDCs, and there is no reason for them to kill both fiat and CBDC. The Altcoin community will not be giving up on the crypto market as easily.
Furthermore, the capacity of the Bitcoin network cannot serve the global payment needs.
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I think it cannot replace all currencies around the world but in the future it will show us that bitcoin can be converted to any currency in the world.
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Bitcoin will never be a single currency like any other asset. It has a great chance of becoming the main currency, but not the only one. I don't believe in a single currency for everyone. At least for the next few years.
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Bitcoin is a digital currency that has many advantages, but unfortunately it will not be easy for Bitcoin to achieve this goal immediately. There are many obstacles and resistance that must be faced, but I am sure that at some point Bitcoin will be accepted by the public as the official currency. But that would take a very long time!
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Yes it will be true that bitcoin will one day be a single coin in the cryptocurrency market. The current popularity of Bitcoin is many. The popularity of Bitcoin is increasing day by day. Bitcoin is popular in all countries of the world. Bitcoin is called the king of cryptocurrencies. I believe bitcoin will be single world currency.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
it's my hope but Im think It is imposible. Bitcoin cannot be a sigle world crypto currency. The government will against bitcoin.
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I think goverments are beginning to accept Bitcoin and other cryptos, but we are very, very far away from Bitcoin becoming a world currency.
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Bitcoin is a digital currency that has many advantages, but unfortunately it will not be easy for Bitcoin to achieve this goal immediately.
Actually bitcoin has many weaknesses than advantages when compared to other altcoins, but because bitcoin is listed on every exchange and becomes a trading pair so that it has high liquidity, this is what makes bitcoin valuable because everyone will definitely exchange their coins when trading,
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Bitcoin is a digital currency or as we call it the king of cryptocurrency. There will be a time in the future where the use of Bitcoin will be everywhere. There may come a time when people will always use dollars everywhere. And those who have the next birth will be able to use it better.
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You are right bitcoin is very expressive coin in cryptocurrency world. Its king of cryptocurrency. Every crypto related person are known about Bitcoin.
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No. Bitcoin will never be a single currency in the world. It will become a digital currency that helps people around the world transaction easier. But this will not be going to be a single currency. There will be still fiat and some top altcoins for implement together
You are right I also think Bitcoin cannot be a single currency. Yes Bitcoin is very popular. This bitcoin is the number one coin in the cryptocurrency world. So it cannot be said that Bitcoin will remain in the cryptocurrency alone. In the near future we may see a few currencies in the market as Bitcoin competitors. Although now Bitcoin has no competitors. It's just my personal opinion. Sorry if wrong.
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There is no doubt that Bitcoin is a popular currency, Bitcoin is gaining much more popularity all over the world. I don't think there can be any currency equivalent to Bitcoin.
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No. Bitcoin will never be a single currency in the world. It will become a digital currency that helps people around the world transaction easier. But this will not be going to be a single currency. There will be still fiat and some top altcoins for implement together
You are right I also think Bitcoin cannot be a single currency. Yes Bitcoin is very popular. This bitcoin is the number one coin in the cryptocurrency world. So it cannot be said that Bitcoin will remain in the cryptocurrency alone. In the near future we may see a few currencies in the market as Bitcoin competitors. Although now Bitcoin has no competitors. It's just my personal opinion. Sorry if wrong.
Im sure US will not let this happen of course they want to a monetary system which is controlled by them if Bitcoin will become single currency then it will become scarce and price will be at 100x from the current price now btc will be very expensive once this happens.
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There is no doubt that Bitcoin is a popular currency, Bitcoin is gaining much more popularity all over the world. I don't think there can be any currency equivalent to Bitcoin.
I think Bitcoin has potential to be a single world currency. Bitcoin is so popular and going strong. Bitcoin has high demand ,many investors already buy more bitcoin and hold it now. By seeing bitcoin is limited supply and high demand, I believe Bitcoin price will rise.
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I think it will not be possible because of course it will cause price inflation and of course must have a very large supply.
Yes brother you are right it will never be possible. Because the crypto market cannot run with just bitcoin. I agree with you. There is a demand for all currencies in the crypto market. And cryptocurrency with bitcoin alone is not possible. I hope you understand this well. The senior brothers have responded nicely to this issue. I hope you have read and understood them. Thanks.
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The G7 countries are already pushing (https://theforexreview.com/2020/12/09/g7-countries-want-clear-cryptocurrency-regulation-frameworks/) for global crypto regulation. We'll see what effect that will have on Bitcoin.
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The G7 countries are already pushing (https://theforexreview.com/2020/12/09/g7-countries-want-clear-cryptocurrency-regulation-frameworks/) for global crypto regulation. We'll see what effect that will have on Bitcoin.
They cannot make any other decision, because they only want to control, not prohibit. On the one hand, a ban on cryptocurrencies is unrealistic, because the black market for cryptocurrencies will be even worse for governments, and some control is still better for the users of cryptocurrency themselves, since it provides more opportunities for using cryptocurrency in everyday life.
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They want regulation though, not a ban. Regulating cryptos doesn't mean they'd get totally banned. They'd probably get taxed though. :D
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In my opinion, Bitcoin will never be the only cryptocurrency in the world. Because even though Bitcoin has no competitors now, in the future we may see some coins as Bitcoin's closest competitors. There are now over a thousand cryptocurrencies around the world.
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I don't think this will be possible anymore because some countries are creating their own crypto because they want a more stable coin as a currency for transaction which they can control and regulate, since they can't do this with btc.
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This Bitcoin will achieve many popularity all over the world in the way Bitcoin has started to grow. We have seen this Bitcoin, but in the number one position in all coins markets. However, if the legitimacy is validated in all countries of this world, it will be considered as a popular. Then this Bitcoin will be the best to everyone.
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Bitcoin is the top currency in which peoples will invest their money and they start trading and earn money on daily basis and also so many peoples will hold the Bitcoin becasue they know that in future the BTC price go high and that time they sell it in a good price.
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Bitcoin is the top currency in which peoples will invest their money and they start trading and earn money on daily basis and also so many peoples will hold the Bitcoin becasue they know that in future the BTC price go high and that time they sell it in a good price.
Well this is the time when we should trade short term. I believe you will make a lot of money from it. But the price of Bitcoin is not yet known whether to increase further in the near future
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
So the user determines the future of Bitcoin. But with its transparency as well as its multidisciplinary settlement, its future will flourish even more, but to be a common partner of the whole world, you have to wait much longer.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
I believe a lot of people think there will be a common currency for the future, but in my opinion it is very difficult. Look at the Ero, although there are many uses it as a common currency but it still does not surpass the dollar
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Bitcoin will rule in digital currency, because fiat currency will not die. Dollars, Yuan, Uero will remain. But Bitcoin will be here to provide solutions for convenience and benefits in payment and finance. So Bitcoin and other currencies will go together according to their respective functions.
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Bitcoin's popularity is growing day by day. Bitcoin is known as the world's first and number one cryptocurrency. People are showing more interest in Bitcoin day by day. So I think in the near future Bitcoin could be the single world currency.
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I believe that Bitcoin will become the single currency in the world, and I also want that to happen.
"Bitcoin can be defined mathematically, there is a definite quantity, there is a way how it is distributed. It is very pure and there are no humans behind it, no company is running it, it just keeps growing, growing and trying to survive."
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anyway, in my opinion, Bitcoin is already an international cryptocurrency that unites all cryptocurrency users and the entire cryptocurrency market. in any case, Bitcoin cannot cope with the demands of society on its own and therefore cannot be the sole cryptocurrency in the whole world. but nevertheless, Bitcoin remains the leader and will always be.
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I think it is impossible for Bitcoin to become a single digital currency because everything is now included in digital assets.
USD, EURO, Pounds Sterling, Gold, Yuan, Yen and all currencies have entered the cryptocurrency market.
It is a trading pair comparison to Bitcoin and it is certain that Bitcoin is not lonely.
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anyway, in my opinion, Bitcoin is already an international cryptocurrency that unites all cryptocurrency users and the entire cryptocurrency market. in any case, Bitcoin cannot cope with the demands of society on its own and therefore cannot be the sole cryptocurrency in the whole world. but nevertheless, Bitcoin remains the leader and will always be.
As long as the world countries accept bitcoin, only one bitcoin dominates the world because there are other currencies that always have value and have to participate in each other to develop.
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I think it is impossible for Bitcoin to become a single digital currency because everything is now included in digital assets.
USD, EURO, Pounds Sterling, Gold, Yuan, Yen and all currencies have entered the cryptocurrency market.
It is a trading pair comparison to Bitcoin and it is certain that Bitcoin is not lonely.
Right as the Bitcoin has its own place and the rest of the Fait has its own. Not the Fait will overtake the crypto world and neither the Crypto currency can be able to replace the Fait currencies.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
Every countries have own currency, For now we all see beside bitcoin there are many altcoins. So I don't agree bitcoin will be a single world currency. Bitcoin is still the King of crypto currency but not single. It is my opinion.
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But we have seen how much the popularity of Bitcoin has increased.
Bitcoin's popularity and price are the highest in the world. The price of Bitcoin will increase further in 2021.This is the prediction of many big investors. Maybe in 2021 it will set a new record again.
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
Every countries have own currency, For now we all see beside bitcoin there are many altcoins. So I don't agree bitcoin will be a single world currency. Bitcoin is still the King of crypto currency but not single. It is my opinion.
Thats right mate, every countries has own currency, So Bitcoin will not be a single crypto currency. for now, there are many altcoins beside bitcoin, So I think We will see many crypto currency at the coming future.
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Whether bitcoin becomes a single world currency depends on how you look at it. If you look at it from the perspective of individual citizens, then we can say that this is possible. Although among them, for sure, there will be no unity even among the cryptocurrencies you like. But from the point of view of states, bitcoin will never be a world currency, much less a single one. States have their own priorities and values, and they are fundamentally different from the values of a decentralized cryptocurrency.
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As I said before, I don't think bitcoin will be single world currency.
It's impossible.
there are dollars, yuan, euro and rubel.
I think every government has own consideration
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For many years now, the use of a single globalized currency has been suggested, implying the previous modification of Bitcoin for this new millennium.
Adapting Bitcoin as a single unified world currency is very possible only that its adaptation time is lengthening as much as possible, in fact many people already see this asset as the replacement of this financial system that has been implemented for years.
Being prepared for a new united and globalized financial system is paramount, since it is the recurring reality that is being loaded every day that passes.
Bitcoin is already a fact, only the community will determine its future.
speculation like this is very monotonous and the reality is that btc can't be a real and stable asset because of its price, so to become a currency I think it's one thing that is impossible by looking at the current state of btc prices
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bitcoin will never be able to become a digital currency that is used for the whole world because the supply of bitcoin is very limited and the number of people in the world is so large that it seems impossible for bitcoin to be like that.
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bitcoin will never be able to become a digital currency that is used for the whole world because the supply of bitcoin is very limited and the number of people in the world is so large that it seems impossible for bitcoin to be like that.
It's not about the number of bitcoins. Each bitcoin has one hundred million satoshis. They are quite enough for all the inhabitants of the planet, enough for aliens.
Cryptocurrency cannot be a single world currency because states will not allow it. And states will not accept bitcoin as a means of payment for international settlements.
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It took a very long time to realize this, currently there are still many countries that do not accept Bitcoin as a currency.
So when will Bitcoin become the single currency in the world? It seems this is a difficult thing.
In my opinion, we shouldn't think too much about it, the most important thing now is how we can benefit every day from Bitcoin and this Cryptocurrency.
This is what we should always look for!
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Once I a believer of this speculations but I realized that having one digital currency globally is a thing that impossible to happen rather the possibility relies only with the same function and use of the dollars.
Yes it is actually a very expensive coin worldwide.
It could be a very expensive coin with very high-level volatility as well but being the world's single currency isn't happening. We must understand that up until now, the world still doesn't have a single fiat currency and there is a reason for that, and even in the end, Bitcoin is adopted globally as in, accepted for payments all over the world, that will just be an individual thing but not a global Government adoption. If you understand how the world economy works, you would understand why.
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The trend of bitcoin started in 2008. When prevailing in some group of the United Nations. But after a short time the governments of some countries adopted bitcoin, in 2018 I also read on Google about bitcoin. Says the CEO of Twitter. That bitcoin will be the world's single currency in 10 years:
In early 2018, Twitter CEO Jack Dorsey caused quite a stir when he declared, "The world will eventually have one currency, the Internet will have one currency. I personally believe it will be bitcoin." Mr. Dorsey also elaborated on the timeline, saying, "Maybe more than 10 years, but it could go fast. Today bitcoin is prevalent in a lot of countries around the world. However, this does not mean that it will replace the local currency of the world.
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I believe that Bitcoin transactions will be launched all over the world at this time. No one can say for sure why there is so much dumping despite the increase in the price of Bitcoin.I believe that the price of Bitcoin will one day be introduced all over the world and by 2030 the price of Bitcoin will exceed $1 million.
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Even many believed bitcoin will be single, but I think It will never happen.
Bitcoin is digital asset, and always be.
I think the government will against bitcoin.
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There is no denying that bitcoin has become a single world currency. Many investors and companies have considered bitcoin as an asset and are also doing world wise transactions.
Bitcoin will not be the single world currency under any circumstances. You can't even dream about it. If before the advent of CBDC it was possible to at least think about it, then with the advent of the opportunity for states to use blockchain technology for their national currencies and combine the advantages of cryptocurrencies, the use of cryptocurrencies themselves by states disappears completely.
Bitcoin and other decentralized cryptocurrencies are more likely to be a currency for citizens than for states.
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Bitcoin can never be the only world adopted currency.
The only good thing that can happen to Bitcoin in terms of adoption is if the governments/ financial institutions of the whole wide world accept it as one of the legal tenders for transaction of business.
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I think bitcoin will not be the world's only currency, but it will make it easier to process transactions around the world, any altcoin and physical currency will also exist in this case.
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I don't think that will happen. Because bitcoin is a digital currency. However, it makes transactions easier in digital times. And of course it is the famous currency of the whole crypto market. But it be the only currency in the world. So it is not possible because the government of many countries have banned crypto in their countries. And others have regulated them by keeping them within the bounds of the law. The government gives more importance to the fiat currency of its country. So in my opinion. It's not possible.
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Once I a believer of this speculations but I realized that having one digital currency globally is a thing that impossible to happen rather the possibility relies only with the same function and use of the dollars.
That's true I also don't believe bitcoin will be single world currency, because there are many potential altcoins that we can invest on them.
Bitcoin and altcoin will grow together.
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I don't think if bitcoin becomes the single world currency because you know the transaction fee is so high and we don't like it. Maybe we should look other cryptos that has low transaction fee.
Yeah, I think there are several reasons that I believe bitcoin will never be single currency.
Because as you said , gas fee is so high.
Also altcoins technology is better than bitcoin.
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I don't think if bitcoin becomes the single world currency because you know the transaction fee is so high and we don't like it. Maybe we should look other cryptos that has low transaction fee.
Yeah, I think there are several reasons that I believe bitcoin will never be single currency.
Because as you said , gas fee is so high.
Also altcoins technology is better than bitcoin.
The government will against bitcoin, if it will be the single currency.
It seems impossible to happen.
Every countries have own currency, So forget it.
Be realistic
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Bitcoin is what is called a cryptocurrency—“money” that is completely virtual and is neither distributed nor regulated by a centralized government. The “crypto” part of cryptocurrency refers to the heavy cryptography (encoding) used to request, confirm, and record the transactions within the context of a decentralized system. The advantage of the system is that two parties can exchange payment without the use of a third party (such as PayPal, VISA, banks, or the federal government) to validate the worth of the currency.
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I believe that Bitcoin transactions will be launched all over the world at this time. No one can say for sure why there is so much dumping despite the increase in the price of Bitcoin.I believe that the price of Bitcoin will one day be introduced all over the world and by 2030 the price of Bitcoin will exceed $1 million.
Cryptocurrency by its nature cannot become a single world currency. States will not actively support it or use it in international settlements. To do this, they will have their own CBDC. As for bitcoin, certain problems may arise with this coin in the future, since it has not been improved for a long time and no longer meets the increased needs. For now, its popularity rests on the belief of its holders that its price will continue to rise. When it does not materialize, big problems will begin with bitcoin.