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Author Topic: Will bitcoin ever become an official currency?  (Read 1639 times)

Cryptoinna

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Will bitcoin ever become an official currency?
« on: June 23, 2017, 04:03:59 PM »
I think it's quite possible ....what about you?

vitalino

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Re: Will bitcoin ever become an official currency?
« Reply #1 on: June 23, 2017, 09:09:37 PM »
One of the biggest barriers that it has to overcome is the general acceptance of Bitcoin being safe and stable as there is no government regulating it, unlike most currencies. Instead, Bitcoin self-regulates and new coins are issued at the pace at which the miners produce the coins. This is a positive, though, as it is designed to be difficult to create coins so that there is a steady stream of coins being produced.

Natalia_Volkova

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Re: Will bitcoin ever become an official currency?
« Reply #2 on: June 24, 2017, 07:56:38 AM »
In my opinion, this possibility will exist in the distant future. At the moment, the economy of most countries is not ready for such innovations.

Kateryna_Oli

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Re: Will bitcoin ever become an official currency?
« Reply #3 on: June 24, 2017, 09:22:24 PM »
it's very interesting.
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WarrenBarren

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Re: Will bitcoin ever become an official currency?
« Reply #4 on: June 26, 2017, 01:19:26 AM »
It’s interesting reading opinions of people here, but I completely disagree over the chances of this happening. I really see this not happening at all! I feel Bitcoin is going to make many head turn with how it’s working, but this type of thing is ruled out as per I feel. I mostly avoid saying impossible, but here I can say and I am willing to stick to it because I know this is not going to be possible.

NanaLelyakova

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Re: Will bitcoin ever become an official currency?
« Reply #5 on: June 26, 2017, 01:54:17 PM »
With recent research suggesting that the number of active Bitcoin users is set to approach five million by 2019, the issue of whether the cryptocurrency has the potential to become a global currency is being hotly debated in both the technology and financial worlds.


Abusadeeq6

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Re: Will bitcoin ever become an official currency?
« Reply #6 on: November 29, 2018, 08:04:27 AM »
It can be possible, Bitcoin is getting popular and many are investing. I think it will be possible in the future
 
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Redix

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Re: Will bitcoin ever become an official currency?
« Reply #7 on: February 02, 2019, 08:58:53 AM »
I think it still needs more time to be considered as official currency. I am worry about the volatility and country's regulation that make the chance to be an official currency hard to apply. Bitcoin should fix the problems related to its negative sides to be considered for an alternative official currency.       

Millionaire

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Re: Will bitcoin ever become an official currency?
« Reply #8 on: February 02, 2019, 01:02:46 PM »
According to probability theory, it is quite possible. If Bitcoin becomes the official currency of one state, and this will have a positive impact on the country's economy, then other countries may follow the example of a successful country.

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jenica

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Re: Will bitcoin ever become an official currency?
« Reply #9 on: February 02, 2019, 02:00:30 PM »
to be sure bitcoin will ride back, is not possible price will remain I like the right now. as investors will continue to hunt bitcoin, so bitcoin would increasingly up

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Epiphany

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Re: Will bitcoin ever become an official currency?
« Reply #11 on: February 02, 2019, 03:19:50 PM »
The volatile nature of BTC makes it hard to be a widely adopted or used as a currency. If a store owner accepts BTC as payment, it must prepare itself for the downfall or rise of BTC's value, same with the BTC user. It can't also be used for everyday transaction because of the scalability and transaction speed, will you wait for minutes to pay what you bought?

You can treat your BTC as a currency, but I'll have it as a store of value.

Rhett

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Re: Will bitcoin ever become an official currency?
« Reply #12 on: February 02, 2019, 03:34:09 PM »
Bitcoin was created with the dream of replacing fiat system and I think that dream will come true soon when the price of Bitcoin more stable than the current

Danezu.

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Re: Will bitcoin ever become an official currency?
« Reply #13 on: February 04, 2019, 09:59:54 PM »
In some US states, like Ohio, bitcoin is a “legitimate form of currency”.

Bamzmeca

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Re: Will bitcoin ever become an official currency?
« Reply #14 on: February 05, 2019, 02:51:54 AM »
If it is to become an official currency it is unlikely that this will happen, because every country has its own fiat currency.
if Bitcoin becomes the official currency, fiat money will not function and will have difficulties in making transactions.
because we know that not everyone knows Bitcoin

 

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