Bitcoin Forum

do you believe with bitcoin in the future can replace fiat as a number one currency?

fiat is physical so it will stay as number one, bitcoin can only be number 2

probably not but if it can be as a big as mastercard or in the third spot with the overall global volume, i would be satisfied enough, no need to replace fiat, for saying that bitcoin was successful

No, and we shouldn't want it to be number 1. If it remains an alternative to the fiat currencies it can remain strong, pure, and independent from government. If it becomes number 1 then governments or business will seek to control it for their gain  and that will lead to the same manipulation we see with fiat currency today.

I don't think it will ever replace fiat.  I think of my grandparents and I don't see them using bitcoin ever.  And fiat cash they will continue to use.

I do think it will grow.  I consider I believe digital money will grow hopefully a lot, and I could be wrong.  But right now BTC is king of the digital money.

For replacing fiat, my answer is "no". But bitcoin can, in my opinion, fully or partly replace Paypal, Western Union, bank wiring, credit cards etc.

Most likely it dosen't need to be number one , beside I don't see how the value of bitcoin will be calculated to USD or Euro or Yen etc if Bitcoin replace fiat  ??? It wouldn't make a lot of sense .
So we just need to go mainstream and replace the famous payment methods like Paypal , Credit cards , Visa etc ... (Bitcoin is basically best of them for what comes for the speed or fees or anything else)

Bitcoin doesn't need to replace any Fiat currency out there to be successful. Remember that! Governments would probably never even allow this to happen, since government will start the war before it loses a total control over the money.

Bitcoin can and will find its own place in the world financial system and will work side a side with the Fiat currencies, while getting a part of the market or few niches market and will serve them well.

Even this scenario for Bitcoin would be huge!

i think no,, but it would be the first alternative if bitcoin technology can be made more easily and efficiently

yes I belive it can make our future tech more developed

I agree. And so many factors that will affect bitcoin as a number one currency. But it'll be better for online payments method like paypal, payza, PM, etc.,
still having the future for bitcoins.

Replacing fiat is not on the line next to where bitcoin is. In the future it may grow even more and can be used by many more people but as long as not everyone in the world uses this or know what bitcoin is then probably not.

I believe in Bitcoin but i'm not sure if this will replace fiat. Bitcoin is still baby currency which still volatile and people is not really believe in Bitcoin will replace fiat.

i surely believe bitcoin has a great future, but i am realistic enough to know that it will never replace an existing fiat currency. bitcoin is a great alternative, bitcoin doesn't need to replace anything.

no never , but can / will be good alternative to fiat currency especially on web !

It can be the first currency for trading online, but after fiat, my opinion is no.

Yes, I believe in Bitcoin. We don't even use paper money anymore, almost all transactions are handled by credit cards. I'm sure Bitcoin will replace this high commission system in the future.

the question here is, why people will need fiat if everything could be done with bitcoin? :P

nah seriously, the fight here is with governments and that they will do everything needed if bitcoin becomes more stronger than now, the key is what they will do.

The reason is some people will fear and not want digital money.  There are some you just cannot convert into BTC believers.

As far as fighting governments I don't see that happening on official currency.  Most likely I don't see any countries dumping fiat as official ever.  I just don't see it happening.

bitcoin replacing fiat? of course not!! but i believe bitcoin is the best online currency.

yes bitcoin can not replace fiat. but I believe bitcoin could be the best online currency, because the transaction is very simple and easy  :)
I hope bitcoin can be accepted at any online store worldwide  :)

Im not sure
bitcoin is just online payment, can't replace fiat as a number one

If bitcoin become real coin (physical coin) then it can happen to replace the usd/eur but it's hard :)

I dont think it will replace fiat. But i hope every normal online/offline shop does support btc some day.
I would also love to get payed with BTC.
But yeah i think some day it will replace internet cash? Probably, who knows :)

What makes you can say bitcoin is the best online currency ?

coz anonymous or what ?

It's not hard to buy bitcoin, and sometimes it's not full anonymous because when you buy bitcoin in exchanges they require too many documents.

No I don't think so.At least not for the next 50 years. Fiat money will still exist however only in digital form.
But Bitcoin will hopefully find it's place in this world and make us all a bit more independent from the incumbent.

very easy to buy bitcoin, bitcoin is like we have own bank, we can manage our money at will

Personally I believe that fiat won't be the number one currency in 20 years. I think that rare commodities will be the #1 thing that will be valued as I believe the world (or atleast I hope) will go back to the gold standard and dump fiat all together. But the likely hood of that happening is almost close to none, because of the fact that rich guys in suits (i.e. Rothschilds) will prevent it at any cost to keep centralized banks #1.

But overall with BTC, I believe that it will be #1 for the next 10 years with others coming close to it's price but not topping it. Other cryptos will become prevalent due to what they provide. Monero might be one that comes to mind when talking about ultimate security and anonymity. LTC might become prevalent when it comes to fast transactions.. and so on..

But that's just what I believe.. I really don't know much about the crypto world in the first place, just hear stuff from friends. 

Firstly, I believe in Bitcoin and I want to make it easier for newcomers and less Internet-savvy based users.
Secondly, you have to admit there are parallels with TCP/IP, email.. to me it seems like a sensible gamble to think that Bitcoin will become very mainstream.

It already happening right now as we speak:


http://www.thestreet.com/story/13277367/1/ubs-barclays-citi-and-others-race-to-capitalize-on-bitcoin-s-blockchain-technology.html

No!
i believe that bitcoin is going to become so much more popular in the future and be used worldwide. it can be accepted by a lot of different businesses all over the world , a lot of online shopping can be done with bitcoin in the future.
but i don't think it can replace fiat completely, fiat is going to always stay number one currency, and it might become more evolved that what it is now but it will never be replaced.

Yeah, as for the crypto world I believe btc will be used for mainstream online stores, monero will be used for underground markets and anything that privacy is the #1 goal, and probably fiat would still be used for day to day transactions with businesses.  Maybe at that point in time though they would have BTC debit cards or something like that if the person has a lot of their funds with BTC.

No :)
I seriously don't think that virutal or digital currencies like Bitcoins will ever replace physical currencies like fiat.
But in the next few years i believe that most of the online businesses will start using bitcoins..

As much as i want to see bitcoin grabbing the number one spot and replacing it, the thing is that fiat can still exist alongside bitcoin. There are areas where fast over the counter purchases might be more convenient if we just use fiat to pay but when it comes to money remittance, that is where bitcoin would help.

If bitcoin will be produced in the real life with its real coin then in this way yes, other ways no chance.

I believe with all my heart in bitcoin. The paper currency is too volatile and full of inflation, bitcoin is stable and personal, thats why i love it.

No. I dont think it will outright replace it in fact i dont think theres enough of it to completely replace it 21 million spead between everyone in the world never! unless 0.000001 was worth like a million dollars

no, bitcoin best for online currency but i don't believe if bitcoin will replace fiat.

No the devs can add more decimals if needed, so that is not a problem. Bitcoin can easily replace fiat, but its time has not come yet.

We need to wait 2-3 more years to see some results big!

It's not about decimals also the fiat mostly is traded in cents and not further. But bitcoin has a good future if nothing against bitcoin happens.

Fiat is always needing a much higher decimal bracket because its inflating.

Bitcoin is deflating so it needs more decimal places eventually. After 1 sat= 1 million $, i doubt you will pay 1 million $ for a bread.

It's hard to believe that 1 sat will be 1 million, you make me to save some satoshi :P, but yes it is needed to be more and more decimals but time by time or all in once ?

I think the 8 decimals are ok for the next 10 year, but after that we might need like 16 just to be sure.

Fiat will be worthless soon, so not even 100$ bills will be worth anything when 1 trillion $ bills will be printed.

I think you look so far, like 10 years from now. Like your opinion :) i think Fiat recovered itself by e-banking by buying online so the competition with bitcoin will need more and more decades.

Bitcoin will take a lot longer because it relies on people understanding how it is secured. People don't know/care how credit cards or banks are, because they're insured and it doesn't matter. Bitcoin is in a completely different boat.

Or fiat will take cues from all of this technology and 'transfer' paper to digital, and continue their scam just like any random crapcoin!

Well at the moment from now 10year looks a bit to far, but yeah it's all about security and the new debit cards make bitcoin very useful.

80% of all fiat is already digital only (doesn't exist). It's not a secret -- we are using a fractional banking system. And fiat was using digital money in this fashion long before Bitcoin was even dreamed of, :p.

it is hard to tell. bitcoin is still in its early stages and is considered practically a toddler.
so bitcoin needs more time to grow and fixed different problems that it is facing then it might be side by side of fiat but never replace it .

Yep bitcoin was am embryo the last years, but it already been born and now its a toddler.

Funny that the news sites already consider it dead when it was still on embryo phase.

Now its a weak toddler, but very well nourished by the community, hopefully grows to be a strong muscular entity :)

The news sees it dead/dying because they think the government is going to kill it off (which they could do if they wanted). At this point it's hard to tell what's going to happen for sure, but the government seems to be moving more and more towards accepting it, which is great.

there is nothing wrong with bitcoin being just an alternative to fiat currency. if we can manage to see a bitcoin balance alongside our fiat balance in our bank account, then it can be considered a huge milestone.

Yes, but its like a hydra, if you cut 1 head off, 2 respawn in its place.

But bitcoin wiki also says that for bitcoin to exist there needs to be atleast 1 free country left on the planet.

And since all countries start to fall into tyrrany, I have no clue, but if bitcoin beats the system faster, than the system beats bitcoin, then we can have a bright future.

for god sakes the BTC never repalce banks its istituted since 1000 years banks will rule and the BTConly gets like 123 YEars soo never as stable as fiat banks but i mean this decentrilization may come into the year 2050 when we are no longer alive and we dont need money worrie

If people were being arrested for using BTC and all banks became hostile, there would only be a small group that uses it. When you can't transfer money in/out of a system and can't even talk about it without getting in trouble, the majority won't take the risks. This whole "hydra" thing is asinine -- Bitcoin is absolutely not bulletproof.

this is the most extreme of situations that will never happen. so far a couple of countries banned trading bitcoin and there is still no law against having it.
and the news that want to show bitcoin as dead are just a portion of the news, the rest is not that bad.

yes i believe it,
but in my opinion, bitcoin need more time to replace fiat, because because not many people know what is bitcoin, how to use them, how to work. it all takes a long time, and need the support of various countries and communities to use bitcoin, for now there are many who do not understand what is bitcoin

I also believe it. Because Bitcoin is not controlled by any government or central bank nobody has their hands in the pot. And without anyone with their hands in the pot the transaction fees to send and receive money are virtually zero. This represents an efficiency in the marketplace I believe consumers and merchants are already demanding.

Believe yes, but become number 1 currency perhaps

You clearly don't pay attention to what you're responding to and the context in which it's posted. That's like saying "you can't kill someone with just one hit. On, you mean with an axe? Well, that's a bit extreme..."

it wont really replace the fiat form.

but the technology itself will be used in the finance industry sooner or later to make it valuable to those who are holding it.

Bitcoin is the only currency that can compete with real money today. So I believe that bitcoin can soon becone world's currency. Lookvat my name. I am true believer of bitcoin.

Yes i believe on bitcoin. Someday it will become famous in the whole world.

The technology isn't tied to BTC, though. Any currency that uses the blockchain can easily take over BTC's spot. It takes a couple lines of code to change a site from accepting BTC to LTC, for example, or any other currency.

bitcoin is number 1, as it should be.

It will stay nr 1, i will help it stay nr 1 by holding some  ;D

i believe bitcoin will take over the internet and will be the main currency used ONLINE but not in person. cash is still a pretty good form of currency, its anonymous and fast and no fees.

I'm not really sure if bitcoin will become world currency, maybe it will become world alternative currency, because the features is better than fiat, but the govs is will not use bitcoin as their main currency. Still have to development with bitcoin network system.

If I don't believe in Bitcoin , Im not here spending my time here in this forum to browse and to interact with others. Im a Pro Bitcoin and looking forward for much success of this currency.

I do believe in future of bitcoin. It is a long term investment but it can't replace fiat as number one currency since fiat is physical. Maybe bitcoin will adopt in many country but not as number one currency I think.

I believe in Bitcoin. Also believe they should not increase the block size. It's fine as it is.

I don't know if Bitcoin will replace Fiat entirely. But I believe it will substitute a lot of payments methods. And even if Bitcoin, the currency dies, bitcoin the protocol will always stay and it can be used alongside with Fiat

yes i like this technology and all new and smart methods.mostly i love the blockchain system

yes i honk it can became the worlds best currency as because it has a lot of advantages which are essential to improve any country of the world but on the other hands it has some disadvantages too

I do not believe. because if that happens, bitcoin still many shortcomings. but if it be the number one online currency I believe  :)

Bitcoin has all the property one can have full faith within it. I strongly believe on bitcoin. On a decentralized digital money system who will issue the coins. So, it's automatically generated. It's simple point to show the fairness of bitcoin. We all can believe bitcoin.

I think asking this question here is not a fair place for anwser.  It's like going to an apple release and ask if they like apple products... your results will be skewed from being at a pro apple place.

In this case the most popular bitcoin forum.. . will chances are believe more then just a random sample of people.  For example go to my grandparents they will not believe currently.   I think age partially effects it aswell. 

But you need to find a more even place to ask this.

Bitcoin just like your local currency, can be spend to purchase things. The different is that bitcoin is being control by some protocol.
For now I can believing on bitcoin since I'm still hold it

No, or at least not number 1 currency
if dollar startrd to die (which is nearly impossible) the US goverment will do anything to prevent dying
but in bitcoin people want something and others wants something else (block size by example)

We'll need to wait until the demand for Bitcoins rises. Until then, sit tight and enjoy this growing global community.

If the government wants controll they will buy hence pump btc and make users richer so no loss.

That makes no sense. If a government wants control, they simply make it illegal in all forms, and release their own version that is legal to use.

i believe in bitcoin but don't think bitcoin will replace fiat
but it could be happen in the future, who know

agree but if goverment release their own version. I'm not sure that project will running

Let bitcoin what is it used to be. Im against in the thinking of bitcoin will replace fiat currency. Many countries will not take benefit from it even the whole world will do some serious discussion about that.

bitcoin does not belong only to one country so that a government can control it if they wish to. besides the only control they can have over bitcoin is to make it legal or illegal and also take taxes from anybody who uses bitcoin for business and that is all.

yes I believe with bitcoin in the future will be easy to buy some stuff using bitcoin as a payment.

Yes i believe bitcoin could replace the our system and helping people to transaction simply wherever and whenever

Very new-bie here had asked this question and later themselves realized the stupidity of this questions. Believe in bitcoin and believe in making new revolutionary economical world.

I think you dont need for long time to see a fact that bitcoin already being as 1 currency that use by many people for his daily transaction..

now bitcoin it may be said online currency No. 1, so I'm sure for it

bitcoin is the best cryptocurrency and im pretty sure we will not have a better one in near future or it will be best forever, i believe that people interest in bitcoins will grow in the future

Bitcoin definitely has potential to reach that stage, It's really just a matter of adoption

Im trust too at bitcoin :)

I trust BTC  :D

https://bitcoin.org/en/you-need-to-know

That's the bitcoin.org page, recently updated for how many confirmation needed to act upon receiving a bitcoin payment. It's must be noted for business people who take bitcoins and need to decide how much risk they can take while accepting bitcois. Thanks for the URL.

i surely believe bitcoin has a great future, but i am realistic enough to know that it will never replace an existing fiat currency. bitcoin is a great alternative, bitcoin doesn't need to replace anything.

You kinda need to narrow down. Some fiat is worth nothing for some reason or another.  Look at ebay you can get large amounts of useless bills to collect.   So technically BTC is better then some fiat.

But you are right compare to USD, Euro, etc.  BTC will never take over in any of these markets.   I do think BTC will be used more and more and have more people adopt using it.  But people love fiat money, and it does have some security to it (such as us FDIC in banks) that bitcoin's cant really do.

Personally I believe that fiat won't be the number one currency in 20 years. I think that rare commodities will be the #1 thing that will be valued as I believe the world (or atleast I hope) will go back to the gold standard and dump fiat all together. But the likely hood of that happening is almost close to none, because of the fact that rich guys in suits (i.e. Rothschilds) will prevent it at any cost to keep centralized banks #1.

Bitcoin is the only currency that can compete with real money today. So I believe that bitcoin can soon becone world's currency. Lookvat my name. I am true believer of bitcoin.

No bitcoini s real money already, its just a new type of money that is so new not all people understand it fully. I do.

When i heard about bitcoin there were only a small community who heard about it
And who have made any deals through bitcoin as a payment, now bitcoin has been more popular
Many services operates only in bitcoin and big companies like fiverr accept bitcoin as a payment so i believe that it will be more popular very soon.

I hope so, it would be really nice to have millions of $ in bitcoin. I believe very strongly!!!!

Bitcoin can, but most of here says no and I agree with that because if bitcoin will be the number one and replace fiat currencies. I think Government and others will control it to take advantage to manipulate. Never be number one for bitcoin for me its okay to be number 2 and bitcoin is the better than Paypal, credit cards etc.

Commodities are too difficult to use, though. You want to take silver to McDonald's. "That's be $7.32." "Okay... sec, let me shave off 0.03 ounces of this for you." "Okay, let me weigh this to make sure it's right."

Yes. Bitcoin can be trusted to transform world economy into new level. For this reason I also believe in bitcoin. Believing not just in bitcoin but into the core technology which makes bitcoin possible. So, blockchain technology is the reason makes me to believe in bitcoin.

But for me I'm not agree bitcoin will be number one and replace fiat currencies. If that case bitcoin will be replace fait currency in the future for me I don't want government take control it and manipulate it as you can see in real world there is always a corrupt. that is why I don't want bitcoin to replace or to be number one Fiat currencies . just saying

I think it's a little unfair to say all government fiat currencies are corrupt.   Some governments they help their fiat money remain valuable.  Other countries are "bad" or corrupt and their fiat will have massive inflation. 

Bitcoin really needs government acceptance to last long term.  You will see exchanges registering with governments to do business.  If we want mass acceptance we also want government acceptance to a point.  If a government tries to block bitcoin or go against it that would not be good for value.

Government support is no longer needed when everything is available for bitcoins. Because exchanges need to handle both fiat and bitcoin of users. To handle people money we need government approval. But when everywhere bitcoin is accepted there is no need of exchanging into fiat. End of exchange as well as Government intervention.

Bitcoin is anything you want it to be. If you want to use it for buying and selling stuff, online and in real life, then it is a currency. If you want to keep a certain amount of fiat into Bitcoin then it is a store of value.

At this point it can't compete with real fiat currency, and that shows as governments still haven't fully banned Bitcoin as they don't see it as competitor for fiat currency, yet. If the time comes that Bitcoin is getting too close, then governments will play it hard to ensure Bitcoin stays small.

This would require EVERYONE to accept it, from farmers/material fabrication to transport to manufacturing to warehouses to utilities to (insert endless list here).

not really no, but bitcoin doesnt need to do that to be ultra successfull

Yeah, i think that will happen but in like 100 more years, maybe for the 2115.

It might be happen if bitcoin has strongly influence worldwide to replace our local currency.
Bitcoin also need stable price and more advance security system in order to maintain bitcoin performance so it will gain new bitcoin noob's attention

I strongly believe that would happen very soon. People already have lost their faith with fiat currencies just due to the situations happened in Greece. Everybody wanted to save their wealth most securely for next generation. Bitcoin will help them to help itself to reach the number one position.

Bitcoin is now almost 6 years old. What else we need  from a technology other than it's survival. If one thing lasts over time means it has something to prove us. Without reason, on one long lasts. So, for a reason bitcoin was created and still existing.We need to believe in bitcoin.

Yes i believe that Bitcoin can in the near future replace fiat as a number one currency, because it's promising and different currency, simple and easy to use, with small fees and not complicated to use and transfer

By then bitcoin will rule the world, we already got central banks and other guys supportung bitcoin. Dont worry bitcoin will live.

I believe that bitcoin will be more popular in the near future.
At least a +100% of the price in the next few years.
I expect a good jump at July of 2016 when the block reward is 12.5BTC

It's hard to say what having will bring.  I'm hoping we see increasing.  But if it stops a lot of miners from mining I'm not sure what will happen.

It's all kinda speculation since the having is a little while away.  If we do get increase likely before having we would see it, not sure how far before though.  I will be holding my coins though hoping for decent jump hopefully.

Can you remember what happened the last time when it dropped from 50BTC -> 25BTC

Has it increased or decreased the price, i think that if bitcoin price will increase then the mining farms will continue their work.

Also i highly believe that the difficulty will change as not all miners will continue their journey if their profit is 50% less.

the litecoin halving did nothing to the price, so I prefer to don't hear who says that with the btc halving the price can rise. It's an unknown answer

Nothing happened then either;
http://www.coindesk.com/price/#
Download the price history .csv. The halving happened at 2012-11-28

2012-11-28,12.3477
2012-12-02,12.5000
2012-12-07,13.4999
2012-12-12,13.6989

The price did not double or anything. It was on a uptrend however, but it was very slow. The biggest difference for miners will be the reward dropping and many miners dropping. We might see -20 to -30% difficulty when that happen. But all in all, it will be much left profitable regardless, for quite a while.

Will this history happen again in the next July of 2016.
Based in this not a huge jump will be happening at that time.
But i think that miners know this, and a new generation of mining rigs will be produced probably!!!

But, no one can be sure exactly what would happen on this upcoming halving. History may repeat or will repeat on next halving.
It's a inter dependent cyclic movement....
Step1. halving--->less profit--->Less miners--->Less difficulty===>Price unchanged or +/- 10% change
Step2. buying bitcoins easier than mining--->price raise--->More profits to miners--->New miners--->Difficulty Increase
Step3. New higher price is target for many bitcoin hoarders ---> Sell bitcoin--->Less price--->Less miners--->Less difficulty--->Go to step 2.

That's the good explanation how the upcoming halving will impact on bitcoin prices. I too optimistic that price will return into raising side just because of mining costs. Hopefully the 2016 would be the year that every bitcoiner is expecting.

I am very excited to see what will change at that day when the halving will happen.

Of course that the price normally should change a bit but i like to see the bitcoin price higher.

The block reward goes down from 25BTC to 12.5BTC which makes the miners uncomfortable.

Even the not believing people also started to use bitcoin like my boss. He said that bitcoin seems like a ponzi, but now he pays online using bitcoin. He explains that there is no point in believing bitcoin to use it for your regular daily uses. I guess only investors need to believe.

If your boss pays on bitcoin for the whole company is it counted "Tax avoidance"
Or it is normal as paying the salaries through the bank, which should pay some fee.
Bitcoin price is increasing too much and now it is around ~280€ pretty high.

I believe bitcoin will have a bright future, but I do not believe bitcoin can replace fiat. :)

Nah,i dont think bitcoin can ever replace fiat because even though we believe so much in bitcoins but you need to accept the fact that not everyone is aware of bitcoins,like poor people.they just know about fiat in thier country

Bitcoin still need much development in order to replace fiat but it's impossible to happen. It will take many many years. Rather than thinking bitcoin to replace the fiat, be contented to what bitcoin can do today.

The day bitcoin replace fiat it will be so horrible regulated that you will think you are dealing with Gemini 2.0 or something like that.
I don't think it will ever happen

Btc can and will evolve slowly, its us who have to accept the changes, after bitcoin is better adapted and people better informed they can do nothing.

I my view oth regular spenders as well as people who are all hoarding, both has faith in bitcoin. Bitcoin's success is based on the number how many people are using it and how much volume it occupy in daily transactions.
So, bitcoin would be a successful regardless of people believing or not.

Yes I do believe in Bitcoin.Because if not I wouldn't be here or own a few.
I believe in financial freedom, having a choice, and in open source technologies.Bitcoin is one of the most exciting technological innovations of the last several decades.It will have an future impact to all of us in many parts of our life. And it feels great to be part pf that that early.Yes we are still in early stages!

Of course I do believe in bitcoin. The fact I am actively participating here on this forum is one reason I believe in bitcoin.

Bitcoin is also our future, bitcoin helped me a lot these days and definitely will help me more in the near future. There's no reason for me not to believe in bitcoin. I always keep my faith on it :)

the answer is a big YES, first of all we are not here if we dont believe in bitcoins. i cant imagine someone here staying in bitcoin world if he dont believe in it or in its potential as it gets old and stable :)

Maybe litecoin has nothing near BTC volume and demand, id say that ltc is much more speculative than BTC. But BTC is involved in many more markets than ltc. So i believe that since many interests BTC can make the difference.

i believe that its price will rise a lot in the future

In long-term prediction i also believe.
But for now (this and the upcoming week) the price i think won't increase too much.
I believe that bitcoin price is unstable and for many years it will be lots of pumps and dumps.

yes i do that it might replace the fiat in the future and if this will happen there would be a lot of changes

No it wont replace fiat. However it may in the far far future. Now or in five years? It's a no. Because fiat is so popular right now that noone will accept to use bitcoin and using bitcoin to buy small thing like a candy bar or a snack is like in hell (unless you got QR code or something) as there are to many numbers in it while fiat is easier (a candy bar is $0.32 for example while bitcoin is 0.001abcdef) and if bitcoin replaces fiat, value of everything will be calculated to bitcoin with some freaking numbers that noone can even remember it. Thing's really complicated I think ( just want I can think of right now, I know there's more)

No im not believe that bitcoin will replace fiat in the future because as we can see majority of the people are using fiat so and only few people are using bitcoin unlike fiat.

If USD crashed so hard and gold is not stable at that time, guess what is the likely candidate for a global reserver currency? :D Bitcoin may replace fiat in the future if the dollar keeps crashing and declining in value.

I would not count on this hapening.  If we have a USD crash it will not be good for bitcoin I don't think.  We really want strong fiat in countries to buy BTC.  And stong BTC values to.

So we want both I think.  I don't see if USD loses value most jumping to BTC. I think gold/silver would jump dramatically as most would go for it.  But this is fiction I don't see it happen.

Yeah u do beleive in it.. Bitcoin has been running since 2009 and i never got any problem using it. For me bitcoin is now an essential part of my daily life :D

why? if usd crash the euro will take its place, or the third strongest fait, i don't see bitcoin overcome this unless all fiat system collapse, or at least all the strong ones

I think anything can happen, so as you know we touched $350 so quickly.
yeah of course bitcoin will increase in the long term I strongly believe that :)

specially when the next halving will happen, it will increase a lot ;)

The recent price appreciation has many reasons behind to it. So, always there are lots of possibilities for bitcoin to hit higher and higher prices in the very near future for that one main reason would be the halving.

I do believe in Bitcoin's future, but I do not think it will replace any fiat currency. The technology behind Bitcoin will definitely change the world at some point in the future. Banks and governments will notice that this is the best technology that they have seen for sure.

I do believe in bitcoin but it replacing FIAT currency.... maybe in 100 + years but not before that...

The reasoning :

People believe in fiat...

when u want to sell a service u charge in fiat currency and then convert it to bitcoin...

..cuz fiat has a fixed price and bitcoin doesn't...ofc there is inflation but not great changes to it's value.. $1 = $1 but 1 BTC = $300 or 1 BTC = $1000

Yes I do believe on it.
It brings a good effects on everyone of us.

right... besides the good effects there still remains bad ones. I myself in digital currency not bitcoin in specific because sooner or later we will have one created by the government and they will try to drive us into using it

I believe in Bitcoins.Bitcoins already established its name in the market I know in the days to come it will become more and more established . Yes I believe without hesitation and reservation that bitcoin can revolutionize how we see money from this day onwards.

I do think that it is possible, however in order for this to happen, there needs to be "banks" which can charge a fee for something in order to be able to make this work.  With BTC, there is little needs for banks to be there so they will need to make a reason to be there, which means they need to find a way to charge a fee. 

I believe bitcoin has potential, but right now it can't replace reall currencies -> we're not that far yet. But maybe in 10 years or so we'll be able to pay with bitcoin everywhere.

Hm i dont know. I think it has potential, but it will not replace fiat in the next 10 years.
When our generation is the last (computer generation) we will accept it fully.
But even tho many people i know would use it if it would be more stable. And many people are still confused what bitcoin really are.

For now and 5-10 years from now i believe bitcoin can replace as a number one currency like dollar and euro, because some people aleady know about bitcoin and the price keep higher.

Yes that's why I am using Bitcoin you are right for next 5 - 10 years Bitcoin is gonna take over many currency that's why some of the big investors have invested in Bitcoin and I believe that Bitcoin's value will be doubled in 12 months

I believe Bitcoin can be really very successful and famous currency worldwide soon.
Because it's growing up daily and each day more marketplaces and ewallets use it as online payment method, and also i think its price will be stable soon

In Bitcoin We Trust.

I do not believe that Bitcoin will replace fiat in the near future. The reason for this is that people fear digital money, and think that because it is virtual, it is dodgy. Now I don't believe that, and think that it is the best online currency. It is the best, and will continue to be.

Bitcoin won't ever replace fiat but bitcoin will be the best way to buy stuff online the best digital currency.

With digital coins, we do not need to foreign exchanges. That will save us a lot of money and is good for economy.

Why not It will reach to all the common people as soon as possible. You can find many companies who acquired already bitcoin for their business. and you can so many people are joining as newbie in this forum. this is symbol of emerging bitcoin. So we have to believe it. thats my opinion.

i believe in bitcoin that it can change the world pretty soon what would mean that all the currencies of the world would be replaced by bitcoins and it would be the strongest currency that has ever existed and that will ever exist

How will it replace if the market cap is tiny compared to dollars? I think the bitcoin price will go up, but to go up 10.000 times?  ???  Do you see governments adapting bitcoin as national currency soon?

I like bitcoin. But who manages bitcoin? Is the bitcoin Foundation? It seems there is not much done by the Foundation.

With bitcoin, I can purchase something that can be done by FIAT itself.

Bitcoin also unique investment compare with common one ( gold, diamond,etc)

So I trust bitcoin that's why I mostly keep them

welcome to the bitcoin world, bitcoin is decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen, or central managament
kindly you should check this article https://bitcoin.org/en/faq
your questions and everything about bitcoin are available there, good luck

i dont actually know what to think about it it seems to be that its a great technology though people might not want to use it massively thats what the problem might be though i hope that everyone will get interested and that the price will increase and that bitcoin will replace official currencies

For me bitcoin will never be fiat because bitcoin is ecurrency and fiat is physical money.

For now and 5-10 years from now i believe with bitcoin, but if another 10 years i don't think so i still believe. because we don't know how is bitcoin condition.

well this is my simple answer, i wont be here if i dont believe in bitcoin and its potential to be more successful in the future :D

Thats means Understanding of the world is wrong because Bitcoin is a digital currency and Now Its in progress to replace the Fiat currency In business environment. You will se the power of bitcoin in future and How its gonna rule the world.

Nope.  0 chance of that happening unless the elites that currently own all the soldiers and high-tech weapons decide it needs to happen and basically hoover up (either via purchasing or by force) the vast majority of it first.

I do not think so. Bitcoin would be more stronger after another 10 years. Bitcoin will become as a replacement to gold in international trades and for individual online payments are fully dependent on bitcoin alone.

bitcoin will be good till the next 10 years i do believe that because lot of speculation for the future of bitcoin will more popular than now

In next 10 years, bitcoin would be the future of world finance. Most the business will dependent on bitcoin for their money transactions and investments. Bitcoin will boom in it's value in exponential growth to some unpredictable levels for sure.

Yes.
I believe that it will be happen someday.
Bitcoin is really good, that's why most of us value the bitcoin.

That's true, but in fact Bitcoin still need support and more advertising from the community and the bitcoin's lovers
Out this forum's community, many people doesn't even hearing anything about this crypto currency

of course yess
i believe in bitcoin technology

Yes i believe in bitcoin, because the price itself keep increase and maybe someday bitcoin will be the main money in the world like dollar, euro and poundsterling.

I believe in bitcoin because i think it could be the first global currency soon
Just we need to support and advertise it a little more

If bitcoin replacing fiat as number one currency I think that is possible, but that is still far from happening, but to make that happen, people really need

to adapt with gadget and internet, and in my opinion I think its really cool to buy something using phone

I really hope this is happening because when this happen its mean we can do transaction globally with only 1 currency

Yes initially just like how some people says even I used to think Bitcoin is not stable it keeps fluctuating but now nothing stable even the paper currency is keeps fluctuating so better I will invest in Bitcoin itself which can give me much more appreciate rate and higher return on investment.

I agree with you sir, If they can adopt or how to use internet or gadget bitcoin can't be replacing to be a number one currency. And bitcoin is only running in network as of now. But when the time comes bitcoin have free internet all people have gadget maybe bitcoin can.

I believe bitcoin can do good to us. But bitcoin coders have their own interests. How do we make sure conflict of interest does not happen?

Fiat is a physical money and bitcoin is a digital currency,ecurrency or etc.
Bitcoin is the best for me to buy goods and product online and i dont believe that fiat will replace bitcoin.. For me no..

Bitcoin's digital currency but could be converted into fiat easily without problems usually
That's why i don't think there is real difference between Bitcoin and the other currencies

Reading all the comments I agree staying #2 to fiat so it stays independent would be better.  If we could leave the government out and make it #1 that would be best. I believe cryptocurrency will one day be at the top though it might not be bitcoin.

We can't say at this time, that bitcoin can replace fiat as a number one currency because many of the guys don't even know about Bitcoins. And how to invest properly. So trust ,knowledge and belief is required.

The saying will soon change from gold digger to bitcoin digger.  :D

Not for quite some time that it will be anything like money Fiat. It could be second or third, like Visa and Mastercard now is.

It may be a third option for people who don't want to carry Fiat and don't, again have a credit card.

i hope so and many more countries will admit bitcoin as the new currency also do not be forget about the price in the future will hit again to $1000 and stable in that price
 

I think it has the potential to do that, Can't actually decide right now though as it's still too early.

if i would not believe into Bitcoin for the future then i very likely would not been here and would not stake any Bitcoin. i guess most here are believing in the future of Bitcoin.

I think so too, but i believe Bitcoin's currency need more support and advertising from the bitcoin's community, because many people still not even hearing anything about this successful crypto currency

I dont think so, real money is still really strong  :(

Hiya ,i believe and hope will bitcoin number 1

Yes, I think fiat will become an additional service that the world will rely on things like bitcoin.

Can the USA gov just shut down bitcoin if it wanted to or just try and shut down different exchanges?

will be the future form of currency before another discovery of someone like satoshi with much better discovery and invention to replace. nature of how we live

If science fiction has any factual basis, I believe that BTC, or something similar, could probably eventually, probably in the near-distant future, completely replace fiat currency. In many sci-fi stories, currency is commonly referred to as credits or such where all transactions are completely digital saying the least. However, until the Older Generations die off really, there will always be people (and probable fanatics) that will reject digital currency for primary trading, decentralized or otherwise..  :-\

Everyone here mostly believes in BTC otherwise they wouldn't be here, BTC has huge potential for future growth and rise in price IMO and I see it as the top rising product in electronic money field IMO.

I think Op created unnecessary thread here. Without believing bitcoin how he can earn bitcoin. Bitcoin users are believing bitcoin and bitcoin is cen percent will become a future currency of the world and It will replace USD's Value in international market a powerful currency.

of course i believe that something great will happen to bitcoin if i wouldnt believe i wouldnt be here

Yes i believe. i believe bitcoin can be a real money like dollar, as you can see the price of bitcoin is high. o yes i believe in bitcoin.

Well, Fiat will be worthless later on because of inflation. Fiat will be as worthless as a piece of paper later on.

I believe in bitcoin that it will be useful later on.

i agree with this. i also believe in bitcoin, someday bitcoin will be booming and popular in the world and many people will start using bitcoin.

Yes i believe in bitcoin but i dont believe it will replace fiat currency. it will live beside the currencies of the world but never replace them.
Fiat is already worthless but it is forced upon us to believe it isnt, accept it or die.

i think that bitcoin might possibly replace fiat after a few decades if people will be interested in it

its possible for me...if many people know and interest in btc...
btc will become our first money...

Yes i do. i believe with bitcoin. like today, the bitcoin price keep increase from two days ago and i hope the price will go up to $1.000, so that make many people will believe with bitcoin too.

Hopefully not and let just bitcoin system what it is today. Many people will adopt bitcoin even it will not replace fiat system. Didn't you know that if bitcoin will become centralized we will not experiencing now the freedom of bitcoin transaction today as it will be under Central and World Banks legal term.

might be OP just curious how many people do believe with bitcoin in this forum so he create this thread

That is my feeling as well. The bitcoin will grow stronger in the future. The fiat such as US dollar will devalue all the time.

Bitcoins will never replace fiat but I do believe that bitcoins will be recognized and become legal soon with some restrictions which is OK till it is still volatile. Fiat is an offline payment mode while bitcoins is more like forex where we trade currency pairs and only only a virtual currency.

If I'm not believe it why would I stay here instead I can go somewhere to spend my time to something else  :P


For me, bitcoin may be selected as investation. The risky one ....

Bitcoin is both an investment and a currency. That is the beauty of it. Gold is just an investment. We cannot spend it easily.

yes it's true i was no doubt such it but i think bitcoin is good for short term and long term investment because many people said bitcoin will be more famous in the future and the price also will rise up

however bitcoin will never replace real money. real money is very protected by the government.

bitcoin can only be used online, but I hope bitcoin can buy everything in online.

in the near future
i believe lots of people of the world will use bitcoin . i believe most big companies sell their products bitcoin currency too and all banks works with bitcoin currency too.   

Interesting how people are so obsessed with bitcoin.
Why not paypal? Just because you're paranoid about not having your payments traced?
Maybe you should not buy illegal stuff. IMO.

Many more billions are obsessed with paper that is printed out of thin air and is totally worthless, why are they not obsessed with wrapping paper? I am sure there are many reasons from many people mine is, nobody controls it and it is decentralized. Nobody has a license to print billions of btc's. No body is in control of my funds and limits what i can and cannot spend or freeze my btc should they wish. I could go on but i think you get the gist if you have a brain cell. None of the above is for buying ILLEGAL stuff. To answer original post will it be the number one currency-No i dont think it will but it will along side all currencies which is just as good.

I have to admit - you have a good point - last year I had an account frozen - so yeah - I agree with you on this one.
A few days ago it was said that bitcoin will die - let's hope not.

i believe bitcoin in value and technology
now more people adopt bitcoin technology to his own shitcoin
but im sure only bitcoin can survive

I believe in bitcoin and it has survived various backlogs over its existence and in the lead when compared to the cryptcurrencies that are found in the market. The bitcoin will be the only cryptcurrency that is to last for generations.

I have much belief in bitcoin and its working technology. Bitcoin is the only cryptcurrency that have come with high success rate than any other alternative coins in the market. This currency has will survive for generations and benefit the entire user community .

I dont think that is possible.

Of course believe in it. It is possible for bitcoin to last long. only distractions in market price can be found in growing firms. This clearly indicates the bitcoin is in its growth. People getting much attached to bitcoin.

I also believe in bitcoin's future. That's the reason I keep on some bitcoins every month regularly. I believe on like one satoshi price will be 1$.

very likely, bitcoin growth from year to year is always better. I hope that in 2016 there is good news about bitcoin.

I am glad you see my likes of btc and that you see the sense and the big difference over the current system. Yes you have to be very careful with bank accounts, luckily nothing has ever happened to mine but ido have friends like yourself who have had problems with them. People are always saying btc is dead i think about 90 times and each time it comes back stronger. I will continue to believe and have faith regardless what some trolls think. So you believe in wishful thinking the price is going to be ridiculous high but not the tech and possible future of the blockchain etc, i see some disappointment in your future.

I think it's possible. Bitcoin is growing up daily and having very actif and interested community supporting it and spreading the word about it everywhere, so it's till now successful crypto currency and having promising future

Yes what he said happens but the major part is that if I have never believed by this time I could have sold my bitcoins and have started investing into somethingelse. I strongly believe that it has a good future growth

You believe 1 Satoshi to be worth $1 at some point in the future? Seriously? That will make 1 whole Bitcoin cost $100,000,000. Keep dreaming.

Bitcoin or not, this type of decentralized monetary system will persist. There has to be a way for people to have financial freedom and not have banks and governments weigh on us and surveil our every move.

Lol it's impossible. Can you image that if one satoshi price will be $1 ? how about faucets ? they will pay you 0.00001 satoshi per faucets maybe. it's more hard to count that decimal from satoshi to bitcoin. lol.

faucet claim amount can adjust but if you imagine 1satoshi becomes $1 in value, so we need to pay atleast $10000 as miner fee for every transaction if that happens? i dont think so. bitcoin price is possible to reach very high but not like that. and if you compute 1satoshi to $1, can you really imagine a bitcoin will worth $100m in the future? thats impossible IMHO

Anyone who thinks they are going to get rich off current faucets... is nuts.  It's pretty simple.  You will make cent's per hour and I can't believe how many actually do this. 

Compare time spent on faucet and amount you make.  In most cases you would be better off buying 5 dollars worth sit it on a paper wallet for years and it will be more then almost all faucet use.  And Bitcoin is not get rich quick.  To many think that it is.

When somebody has nothing to do for a period, they can get some bitcoin from faucets. That is better than gambling, at least he will not lose money.

Yes  I still believe in Bitcoin.  i think bitcoin is very  good position now.
and no any reason to  doubt about it. :D

It has already reached every corner and its value is well known. Many are pitching into this forum and starting their career with it. This is the sign of its immense growth among everyone. One who know bitcoins is not just stick with his/her self. Everyone is sharing the benefit of bitcoins with their friends especially who are unemployed. This really takes away the unemployed and makes them feel really thankful. Even i too felt it. I have just started my career and waiting for the payment which will make me feel that the btc is too supportive.

Thats right, believing in bitcoin is good but having that big expectations is not something practical i guess, it is nearly impossible to have the value of $1 as just one satoshi, in that case we would all be rich if stayed alive, because even if that happens it wont happen so soon that we can see it.

I believe in Bitcoins that it would never go below $500 again, but I don't believe currently that it could replace fiat that easy because it is actually needed for us to take the advantage of trading this asset and gain profits and live our life more freely... ;)

Obviously as a real bitcoin lover I believe in Bitcoin and it has a great future.Bitcoin is the best online currency.I don't believe that it could be possible replace an existing fiat currency.BTC is a great alternative,Even bitcoin doesn't need to replace anything.So In my opinion there have no chance bitcoin replacing fiat.