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Author Topic: Has Btc become the ultimate currency, Or there is fears about Btc success?  (Read 3411 times)

Offline Bobcrypto

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I am beginning to feel that btc has suddenly become the ultimate digital currency of the earth, a reason I'm wondering  avout all sort of clamp down on trading, Mining and investment in many countries. Has Btc overtaken the fiats of some of these countries of the world? Too many confusion about btc in the past 6weeks. Your thoughts.

.FX..BOX.
 
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GAMEFI  ◼  NFT  ◼  DEFI  ◼  CURRENCY TRADING
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FXBOX
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Offline CryptoStar19

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I don't think BTC has taken over any fiat currencies at this point. At least not in terms of use-case. But is it the hardest, soundest, most global store of value? Yes, nothing compares to bitcoin in this regard.

Offline Senin

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I am beginning to feel that btc has suddenly become the ultimate digital currency of the earth, a reason I'm wondering  avout all sort of clamp down on trading, Mining and investment in many countries. Has Btc overtaken the fiats of some of these countries of the world? Too many confusion about btc in the past 6weeks. Your thoughts.
I can see that Bitcoin has lagged far behind most cryptocurrencies as it is very slow and expensive to transact. Even its high price is already a constraining factor for investments for new entrants to this market, while at the same time increasing the risks for invested capital many times over, taking into account the increased possibility of price fluctuations.
It makes no sense at all to compare it with the national currencies of states, these are completely different financial assets.
Bitcoin has its advantages and disadvantages, it is still very far from ideal money.

Offline pelana vreo

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I'm sure it will happen, even some countries will choose Bitcoin as a deposit asset and create a stable coin to be used in every transaction in that country.
In the future we will see that there will be many new stable coins and Bitcoin will become the currency of the nation's unification, where every country will accept Bitcoin because no one controls and even prints Bitcoin like fiat.

Offline Bobcrypto

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I think the sooner it happen the better for all crypto enthusiasts users world wide. This is because the clamp down on bitcoin mining, investment, trading activrties is generating a lots confusion, and I think some of these ongoing clamp down are just attempts to bring the Btc price down for many of these big buyers to gain entrance onto the crypto market. This is just my opinion.

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.FOREX..TRADING FROM $1.
 
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Offline xeroz

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It may be too early to say this because there are so many issues of Bitcoin spreading in the world. Many people concern with BTC with their certain reasons. Some are because of the fondness of BTC itself, some because they don't like the dominance of Btc, and some about the playing condition by many parties in the world. BTC is now full of conflict and games from the whales and big people or institutions.
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Offline bmw1

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Since Bitcoin (BTC) became the first decentralized digital currency in 2009, it has become a wild journey for cryptocurrency.
Since then, millions of transactions have taken place, millions of dollars have been stolen or lost, and we have witnessed the emergence of several new cryptocurrencies, including exciting and innovative technologies and security systems behind them.
This is an exciting time for the future of digital currency.
This does not mean, however, that there are no major barriers to crossing before we can begin to embrace it. We’re mostly on the right track but that doesn’t mean there aren’t any major problems for emerging cryptocurrency markets.
While the early days of cryptocurrency - now obsolete - were notorious for its widespread use on dark websites like the Silk Road, we’ve seen a few key adoption metrics in recent years.
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2014 has brought some big wins to cryptocurrency advocates. Each of these victories puts the currency one step closer to widespread adoption and I doubt anyone would deny that 2014 brought a lot of momentum and awareness about digital currency - or at least bitcoin.
So in my opinion there is no fear about the success of Bitcoin, the use of Bitcoin has been going on since 2009 and will continue in the future inshallah.

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Offline sacrotic

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Bitcoin will never replacement fiat, both are different but can walk together. This time bitcoin already like gold but not all can take the risk. We still focus on pump and dump because from there bitcoin future will exist. No more debate, just use it to get fiat because that"s the real call.

Online Freemind

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@Bobcrypto Bitcoin (or any other cryptocurrency) cannot replace FIAT. There are many reasons and of course almost all are economic reasons taken by governments, banks and large companies, but there are other reasons that have nothing to do with it. There are many people who do not understand what cryptocurrencies are, there are people who do not trust them for the simple fact that they cannot touch them and there are also people who do not care.
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Offline Stuart

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It is okay to hear that the use of btc is becoming worldwide and most generally accepted online for transactions, but it getting into the physical use on our day to day activities will have to take time and the regulation on it will be strict in someways by the country in context. Btc is the dominant crypto in the market today, and that is not replaceable, and that is for the internet, not on the physical use yet.

Offline TomPluz

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While El Salvador is bent on making Bitcoin a legal tender in the whole country with its current President even doing the personal campaign for people to adopt Bitcoin by giving each citizen $30 worth of Bitcoin, in China it is quite different as it has fully implemented its policy against Bitcoin and this time around even including Bitcoin mining. For Bitcoin to become the currency of the world, that might still be years from now. We should not expect that institutions and governments will be laying a red carpet for Bitcoin, this is a disruptive technology and many will look at it as an enemy.

Offline CryptoStar19

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While El Salvador is bent on making Bitcoin a legal tender in the whole country with its current President even doing the personal campaign for people to adopt Bitcoin by giving each citizen $30 worth of Bitcoin, in China it is quite different as it has fully implemented its policy against Bitcoin and this time around even including Bitcoin mining. For Bitcoin to become the currency of the world, that might still be years from now. We should not expect that institutions and governments will be laying a red carpet for Bitcoin, this is a disruptive technology and many will look at it as an enemy.

At the same time, even now bitcoin could be considered at some level to already be the currency of the world. That is, it doesn't necessarily need the endorsement of the governments in order to function as world currency and medium of exchange.

It's a matter of adoption and adoption has been on the rise all these years without endorsement or support from any governments. In fact institutional support for bitcoin only came AFTER it saw major adoption by a large number of people and not the other way around... so I think we will see bitcoin continue what it has done in the past and become further adopted world-wide and this, more than any other factor, will determine whether bitcoin is / becomes a "world currency".

Online Freemind

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While El Salvador is bent on making Bitcoin a legal tender in the whole country with its current President even doing the personal campaign for people to adopt Bitcoin by giving each citizen $30 worth of Bitcoin, in China it is quite different as it has fully implemented its policy against Bitcoin and this time around even including Bitcoin mining. For Bitcoin to become the currency of the world, that might still be years from now. We should not expect that institutions and governments will be laying a red carpet for Bitcoin, this is a disruptive technology and many will look at it as an enemy.

I agree with you. In addition to everything we have said so far in this thread, it must always be borne in mind that governments will reject everything that cannot be under their absolute control. It does not matter if it is something that can improve the lives of the citizens of a country, if the governments do not control it they will deny it, with FIAT they have their citizens controlled 24 hours a day anywhere in the world, and that is what they have always wanted and will always want, absolute control.
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Offline UNIVERSE

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There are many interests from several certain countries, whales, and institutions that want Bitcoin or don't want Bitcoin to be one of the global currencies. So far, China is the most country that always fights against Bitcoin although many of its citizens concern with BTC. but once more, it may be one fo the reasons why always many FUD

Offline Ferki

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The only answer can be: do you see BTC as a currency?

 

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