What are the necessary conditions for bitcoin to become a global reserve currenc

[Charles-Tim]

Volatility is both a curse and a blessing of the market.

Bitcoin volatile nature is a blessing and not a curse. Just hold it and do not panic and not sell your coins to understand this. Bitcoin is an appreciative asset which means long term holders are not losing. This is different from altcoins that are not an appreciative asset in long term.

[tequilla_sunset]

Volatility is both a curse and a blessing of the market.

Bitcoin volatile nature is a blessing and not a curse. Just hold it and do not panic and not sell your coins to understand this. Bitcoin is an appreciative asset which means long term holders are not losing. This is different from altcoins that are not an appreciative asset in long term.

As I said, it's about the market overall.

About BTC - surely, it appreciates good and appropriate hodling.

[taufik123]

Volatility is both a curse and a blessing of the market.

That's why it is called like that, because it always moves.

Those who call Volatility a curse are only those who fail to understand it and cannot take advantage of the price movement.
Those who benefit from price fluctuations will say that volatility is a boon that must be utilized as much as possible, not to be feared or avoided.

[electronicash]

Well for bitcoin to become a global reserve currency,  i think the issue of volatility needs to addressed through broader adoption and integration,  also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.

for this to be possible, the government will have to set the price just like how they did it to Gold. but which government, because i don't think a country today will just accept what other country will say.  that's why there are so many conflict today.

but there has to be unity where every leader of a country agrees.  US can have their own but I think China will not follow Bitcoin as global reserves. if ever they follow, its would be them setting up rules and i don't think US will like that.

there will be tension before for BTC to be global reserve currency.

[|MINER|]

Well for bitcoin to become a global reserve currency,  i think the issue of volatility needs to addressed through broader adoption and integration,  also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.

We have to remember that even though we are now entering the digital age, a large population is still outside this digitization. And that is why I think bitcoin has not yet reached the point where it will be a global reserves currency. But I think it has those facts such as it is limited.
But the problem here is that because it is a decentralized ecosystem, most countries in the world still do not agree to accept it as their reserve currency. I think this will not be a big issue in the future.

[tequilla_sunset]

Well for bitcoin to become a global reserve currency,  i think the issue of volatility needs to addressed through broader adoption and integration,  also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.

We have to remember that even though we are now entering the digital age, a large population is still outside this digitization. And that is why I think bitcoin has not yet reached the point where it will be a global reserves currency. But I think it has those facts such as it is limited.
But the problem here is that because it is a decentralized ecosystem, most countries in the world still do not agree to accept it as their reserve currency. I think this will not be a big issue in the future.

Eventually, they will get there.

Nothing wrong with spending more time on learning rather than hopping in 

[|MINER|]

Eventually, they will get there.

Nothing wrong with spending more time on learning rather than hopping in 

Yeap, they will definitely go there today or tomorrow.

We can already see that one of the world's superpowers, the United States of America, has already started their work to accept Bitcoin as their reserve. And I am sure that very soon we will see other countries walking the same path. And in the future, it will be a matter of those who do not pay much attention to this issue now, they will be left behind in the future race.

[JoyMarsha]

Well for bitcoin to become a global reserve currency,  i think the issue of volatility needs to addressed through broader adoption and integration,  also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.

The volatility of Bitcoin can't be addressed because that's part of the thing that makes Bitcoin unique in its way of attracting investors. If Bitcoin price was partially stable, like fluctuating little. Do you think millions of people in the world will be interested in investing in Bitcoin for its financial gains? No, I don't think so

[SamReomo]

Bitcoin is an appreciative asset which means long term holders are not losing. This is different from altcoins that are not an appreciative asset in long term.

That's 100% true for Bitcoin, it's quite appreciative asset and there are some alt coins that are also appreciative but most alt coins are not appreciative and they can lose their value within weeks to months. The ones who Hold Bitcoin for long term are the ones who make profit from it.

[omori]

Yeap, they will definitely go there today or tomorrow.

We can already see that one of the world's superpowers, the United States of America, has already started their work to accept Bitcoin as their reserve. And I am sure that very soon we will see other countries walking the same path. And in the future, it will be a matter of those who do not pay much attention to this issue now, they will be left behind in the future race.

Or they will push for CBDCs of their own rather than going for BTC.

We never know.

[Blaze]

Well for bitcoin to become a global reserve currency,  i think the issue of volatility needs to addressed through broader adoption and integration,  also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.

The volatility of Bitcoin can't be addressed because that's part of the thing that makes Bitcoin unique in its way of attracting investors. If Bitcoin price was partially stable, like fluctuating little. Do you think millions of people in the world will be interested in investing in Bitcoin for its financial gains? No, I don't think so

This is why Bitcoin remains an attractive asset because the unpredictability it has is an added bonus. For this reason , many people get involved in price changes with a view of embarking in potential profits within a span of highly sliced time. If its whereabouts were too fixed, then it really may not be that interesting to the public in the way it is at the present. This led to it being viewed by many as an opportunity bearing the characteristic of that is constantly in a state of change. On this level, this volatility is also characteristic of the Bitcoin as an instrument that differs from the financial instruments. If it failed always to fluctuate as it is today, maybe the interest in it would not be as high as it is today.

[omori]

This is why Bitcoin remains an attractive asset because the unpredictability it has is an added bonus. For this reason , many people get involved in price changes with a view of embarking in potential profits within a span of highly sliced time. If its whereabouts were too fixed, then it really may not be that interesting to the public in the way it is at the present. This led to it being viewed by many as an opportunity bearing the characteristic of that is constantly in a state of change. On this level, this volatility is also characteristic of the Bitcoin as an instrument that differs from the financial instruments. If it failed always to fluctuate as it is today, maybe the interest in it would not be as high as it is today.

Volatility is a blessing and a curse of the market, and BTC in particular too.

Because without the weak hands, we wouldn't be able to profit from it in the end 

[|MINER|]

Or they will push for CBDCs of their own rather than going for BTC.

We never know.

I will not decline your words completely. Because CBDCs plans have been coming for a long time, but we have to keep one thing in mind, if the plan they come up with is mintable, then there will be inflation, which will once again prove that Bitcoin is the best.
And we all know that the reasons, Bitcoin has Limited maximum supply like only 21 million supply for the 8 billion people and also also home will come in this earth in the future. So definitely it could be also a cause they will really take Bitcoin to their reserve?

[omori]

Or they will push for CBDCs of their own rather than going for BTC.

We never know.

I will not decline your words completely. Because CBDCs plans have been coming for a long time, but we have to keep one thing in mind, if the plan they come up with is mintable, then there will be inflation, which will once again prove that Bitcoin is the best.
And we all know that the reasons, Bitcoin has Limited maximum supply like only 21 million supply for the 8 billion people and also also home will come in this earth in the future. So definitely it could be also a cause they will really take Bitcoin to their reserve?

Don't you think they would choose control over everything else BTC may offer them?

[|MINER|]

Don't you think they would choose control over everything else BTC may offer them?

It is actually a matter of concern and it is also an open secret that they are trying to take those steps to control the bitcoin network. But I think they are more likely to fail in that regard.
Because they will have to take over a large percentage of the total supply of bitcoin and I don't think it will be possible for them to do that in the current context and it will be harder as the days go by cause more people were adopting it.