Bitcoin Forum

Im coming closer to conclude that

And some people believe it will replace fiat...

yes it will replace fiat
you can find a lot of merchants accepting this for payment where they were accepting CC or other methods only in past
its on the way to be an alternate to fiat, its currency of future

Bitcoin is a digital currency making inroads into traditional payment portals. It's time now to get vendors on the payroll train.

A replacement is something entirely different than an alternative.

If it does ever even come to this, it'll take a long time. Regardless of speculation, I don't see fiat disappearing anytime soon.

no, bitcoin is much more. just learn some more:

https://www.youtube.com/watch?v=O0oDDIy0P2s

https://www.youtube.com/watch?v=4nOfHpOFhN8

Only expand, remember there are bazillions of currencies in existance. Working in parallel. Each have it's niche, either beeing locally accepted or universally applicable (as in world's reserve)

not really!  I know many ppl bought it for earning big profits. But the most significant advantage of it is its payment network and its fundamental blockchain.

Its depends on people how they want to use it.

I see no need for that negativity. This is bitcointalk, not fiattalk.

Bitcoin doesn't get the recognition that it deserves. Most people who are part of the Bitcoin community only see it as a way to get more fiat. The fiat is the end goal and Bitcoin is just a speculative means to achieve that. Well folks, Bitcoin was supposed to be more than that. It was supposed to be the first decentralized currency and payment network outside the control of centralized banks and governments. But the people don't care about that. They just care about the dollar bills. Unfortunately, I admit I fit in this category too.

We have betrayed Satoshi. :'(

So was oil (https://medium.com/@agilemofo/why-you-should-care-about-bitcoin-1a812f8fa7cd).

Not sure I agree... If fiat currencies weren't speculative Forex and other currency exchanges would not exist. Bitcoin is no different... It's as speculative as other currencies except more volatile due to it's unique characteristics and young age. Give it time and you will feel different.

Don't cry. I believe somewhere he's still involved and thrilled with its progression. I mean, for the short time, a completely new technology that acts as a currency, i think we're doing great.   :D

What the hell is this supposed to mean? It's a decentralized currency, and people have chosen to speculate on it as an investment, but it's still a currency at the end of the day.

To many, many....yes

But for many others (including myself) it's a currency with potential. The sooner we rid ourselves of the "investors" the better.

It's designed to replace the current currency,but most people would consider Bitcoin as a investment for people would love more dollars rather than decentration. :D

Nope I don't think so! The 'investors' want there investment to grow so are helping push retailers and businesses to use it as a way of transmitting wealth. The more exposure bitcoin has the more chance it has of becoming more wide spread.

You don't real want the dollars. You just want the stuff you can buy with them.

We would need to get the fiat supporters down as first and take power intou our own hands as people not the 1% of rich.

i dont understand how you could compare OIL and BTC
could you elaborate please?

yeah but so far all you can do with bitcoin is probably travel (Expedia), buy computers (dell, newegg) and furnitures (overstock) (USA, i live in USA)
come on, lets be realistic.
im a bitcoin fan too but for a such technology, 2014 was very disappointing.
If this continues, bitcoin is nothing but just an investment tool for people in year 2013/2014

momentum is building

the price is not a reflection

bitcoin is cheaper now at $300 than it was at $60 imo, all things considered

I predict bitcoin will begin replacing fiat around 2040.

I have absolutely nothing to back up this statement.

In the sense that they're investments. He's analogizing, and if you read the article that he hyperlinks, you can see why

Some people believe in the world ending in the year 2014, some believe in a magical baby being born, I believe in bitcoin taking over fiat.

I mean, something had to be fucking true sometime...

Personally I prefer the word "investment" to be dropped altogether or even in any way associated with bitcoin. It's causing all the price volatility and that only ends up attracting people looking for fast and personal gain rather than seeing the coin succeed.

Honestly also, im afriad that the idea of crpyto currency is now not mew to people theyll start making there own crypto and abandon btc like equador?