Kakashi2020 Posted June 6, 2018 Share Posted June 6, 2018 Many Bitcoin investors believe that Bitcoin would eventually become a full fledged global currency, the same way as we use Visa and MasterCard today. But experts believe that it won't happen because of its price swings. What is your take on this? Quote Link to comment https://slingbank.com/forums/topic/700-will-btc-eventually-become-a-full-fledged-regulated-currency/ Share on other sites More sharing options...
CARLOSP1 Posted July 4, 2018 Share Posted July 4, 2018 Several countries are reiterating the fiscal specs on Bitcoin, as currency becomes increasingly regulated around the world, this does not seem to have a negative effect on its value. Starting the year in the $ 1,000 range, Bitcoin had a month full of events! So far, we have seen many countries adopt a new stance on Bitcoin by re-evaluating regulations and taxes. While this may cause some commotion in the short term, as seen in the Public Bank inspections of China, which has led to a drop in price, it is really good news for the currency. This means that countries are taking Bitcoin seriously (as they should), allowing it to mix with its traditional economies, rather than considering national bans. Quote Link to comment https://slingbank.com/forums/topic/700-will-btc-eventually-become-a-full-fledged-regulated-currency/#findComment-1611 Share on other sites More sharing options...
focusedwriter10 Posted November 4, 2018 Share Posted November 4, 2018 On 6/6/2018 at 1:37 PM, Kakashi2020 said: Many Bitcoin investors believe that Bitcoin would eventually become a full fledged global currency, the same way as we use Visa and MasterCard today. But experts believe that it won't happen because of its price swings. What is your take on this? All over the world, there are varying views regarding the regulation of Bitcoin. In my opinion, the experts are correct. The changes in prices of Bitcoin is something that makes most governments concerned. In fact, some have gone ahead to warn the citizens. Quote Link to comment https://slingbank.com/forums/topic/700-will-btc-eventually-become-a-full-fledged-regulated-currency/#findComment-2378 Share on other sites More sharing options...
Kakashi2020 Posted November 4, 2018 Author Share Posted November 4, 2018 9 hours ago, focusedwriter10 said: All over the world, there are varying views regarding the regulation of Bitcoin. In my opinion, the experts are correct. The changes in prices of Bitcoin is something that makes most governments concerned. In fact, some have gone ahead to warn the citizens. There's the looming possibility that Bitcoin might not be the currency it portrays to be. What I mean is there might be an organization behind it, controlling it for their own purposes. Quote Link to comment https://slingbank.com/forums/topic/700-will-btc-eventually-become-a-full-fledged-regulated-currency/#findComment-2409 Share on other sites More sharing options...
focusedwriter10 Posted November 5, 2018 Share Posted November 5, 2018 20 hours ago, Kakashi2020 said: There's the looming possibility that Bitcoin might not be the currency it portrays to be. What I mean is there might be an organization behind it, controlling it for their own purposes. This is the reason why most governments cannot trust Bitcoin, and making it fully regulated is not easier. Quote Link to comment https://slingbank.com/forums/topic/700-will-btc-eventually-become-a-full-fledged-regulated-currency/#findComment-2472 Share on other sites More sharing options...
cks003 Posted November 6, 2018 Share Posted November 6, 2018 A currency need to fulfil conditions that it is widely accepted as medium of exchange and store of value. But to achieve the said conditions, it has to be stable in value. If the price is very volatile, consumers, savers and businessmen will not hold on to the currency as their wealth and profit is not certain. This causes the public to lose confidence in the currency. That is the reason why volatility is not good for crypto currency to be accepted as medium of exchange. Quote Link to comment https://slingbank.com/forums/topic/700-will-btc-eventually-become-a-full-fledged-regulated-currency/#findComment-2504 Share on other sites More sharing options...
Kakashi2020 Posted November 7, 2018 Author Share Posted November 7, 2018 On 11/6/2018 at 3:59 AM, focusedwriter10 said: This is the reason why most governments cannot trust Bitcoin, and making it fully regulated is not easier. The problem is we really don't know which is which all we can see is that Bitcoin is getting very popular and that masses are now getting interested. If a billion people starts using it then the government would eventually accept it right? Quote Link to comment https://slingbank.com/forums/topic/700-will-btc-eventually-become-a-full-fledged-regulated-currency/#findComment-2539 Share on other sites More sharing options...
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