My policy is we need competition and comparison should be in life to motivate ourselves to fix our target and try to achieve it then only your journey of life interesting otherwise you will be very boring. So we should have fiat to fight and perform better then it. In my point of view no need to replace Fiat by digital currencies.
It is not possible to replace fiat because each and every country has their own currencies and its own value so it wont be that much easy to replace yes the volume of usage will be for sure reduced by bitcoin and other cryptocurrencies this is also a fact we have to accept in near future more users involved in using cryptocurrencies and Fiat users will be reduced.
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The economy of a country is purely depend on the each countries government's financial policy which changes according to the GDP growth of that country so. It is very difficult to improve the economy of a country by bitcoin is not possible as usage of Bitcoin is very less percentage only which wont make any impact in the economic of any country it is fact.
Bitcoin can improve most of the individual financial status that we have accept also more people getting benefit by bitcoin which might impact in next 25 years can be possible.
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To live without real money in this world is impossible. To make real money disappear by cryptocurrency first the whole world each and everyone has to be get connected through internet every body should aware of cryptocurrency not only that they should have the equipment to handle by them in their day to day life. After all this happen all country together in this world should officially start accepting for all government fees for those to be done miracle has to be done so in my point of view real money will stay for ever but usage volume maybe reduced in near future itself. People are willing and change also want to upgrade themselves along with the technology.
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In this World the economy without physical money is not safe for the poorest, assume only digital money is option first the government of each country has to provide mobiles and to use mobile they need internet and to use internet they need to educate everyone which is not possible so presence of physical money is not avoidable and it is not affordable by the poor people and lot of issues in using the other mode of digital currency. We can keep hope that in next 50 years this present situation can be changed and lot of new things may be implemented by the governments to access cryptocurrencies.
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Practically if we want to analyze cruptocurrencies and the regular currency I believe big gap is there and it will take more years to fill that gap.
If we discuss about which one is better currency or cryptocurrencies we have to accept as per current situation and usage also acceptance from the traders and retailers currency is better then cryptocurrency. This will for sure change why because of the technology and advantages of the cryptocurrencies can be monitor easily by the government financial policies.
Cryptocurrencies will be better than regular currency not now may be in next 15 to 20 years time.
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Actually you didn't mention are you going to invest long term or short term. Making easy Bitcoin from an investment is not that much easy. If I have enough money to invest in Bitcoin I will make it systematically to support my portfolio. I never invest in one stretch because if anything goes wrong I might have the chances of loosing all. I make my investment in equal breakdown to get the income from all part and be safe from the loosing aspect. For sure Bitcoin is increasing and we can make big return from it but also we should give some time.
I father always advise me don't think of easy growing make it happen with hard work and proper execution that will sustain in long.
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Bitcointalk name: JTASSOCIATES Rank:Member Current post count (inluding this one): 121 BTC address: 14F4PfKy4pGcEhvMfn2tjhjGXwr2R4mYYx
Will change signature if accepted.
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Dear Edwardard,
Thank you sir, payment received. Looking forward to work with you sir.
I wish you GOOD LUCK for new projects.
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yes bitcoin is a good way to invest your money. Also we should keep in mind that the rate fluctuation is always there so we have to keep that in mind and never ever give up while there is fluctuation. Also we should not panic while in dip then the future of investment in bitcoin will touch the sky. Nothing to keep in mind about future about Bitcoin. Now itself every thing under control.
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The day when I came to know about Bitcoin even that is for the first time only I heard and blindly told ya its one more scam this is the thing happens with Bitcoin from most of people they are not against Bitcoin just afraid of something happening in this world.
After few years again I hear about bitcoin and now I am associated with Bitcoin so things will change only thing is it will take some time to achieve now I am very much confident about Bitcoin and I believe like me lot of people in this forum.
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In my point of view at least for next 100 years the paper money will exist because still people don't have access to internet and it will take more 50 years to have internet whole world then government has to define the digimoney according to their country required tax format.
So it is not that much easy for time being to avoid or quit from Paper money. The revolution has been initiated and start using by people next generation like to use cards and net payments which is actually required one and we no need to panic about the paper money.
In my life since 10 years paper money usage is max 25% all financial and purchase transaction through cards and Netbanking only. Hope very soon paper money will disappear.
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See don't blame parents who disagree with MMO - Make Money Online and Bitcoin they care about you that's why they are telling this. Give some time to understand about what is MMO.
What I suggest is print the Bitcoin details and ask them to read and explain them the benefit of Bitcoin and the track record of last 8 years and its rate details and if you have friend involving in Bitcoin and gained through bitcoin introduce to your parents and I am sure they will understand.
Things has changes according to the technologies same parents afraid to use ATM Credit & Debit Cards till now lot of people doesn't know how to use cards. Educate them is the only solution to bring awareness.
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I believe that in near future Bicoin will be used in our daily transactions directly to the beneficiaries as Bitcoin is the future cryptocurrency which world going to accept its times requirement no one is going to stop accessing Bitcoin and it is the currency of technology others try to match Bitcoin and that time world known cryptocurrency will be Bitcoin.
We no need to worry about the access of Bitcoin as every day people start knowing about bitcoin.
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Brother why you want to replace Gold by Bitcoin. Gold is an asset and Bitcoin is crypto currency both are very much valuable in it's kind. So both are not going to replace.
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If I want to convert my wealth I prefer both. I buy gold as asset but it will be 30% from my wealth. Rest will be Bitcoin so far so good Bitcoin performance. If something goes wrong I should not panic myself in selling and to support that point I kept need back up so the Gold will do that job.
Whatever situation come if we have two options always safe for us.
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In my opinion Bitcoin is a currency I don't consider as asset. Bitcoin is crypto currencies which we can use it as per the situation required.
Currency is you can use it any time. Asset we should hold for certain period to handle it.
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Bitcoin will not kill the Income Tax. A very less people only using Bitcoin and what ever we earn we are spending it some how. Only bitcoin income only not taxable. If the whole world use Bitcoin then government will take a serious steps on Bitcoin Income to be taxable that time may me it is possible but there is long way a head for this to happen.
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I follow my friend who introduce Bitcoin to me. My friend resigned his job and stay in home just see most of the time in shops. when asked him what are you doing now a days you are not going to job. He replied I am working online job. It make me to curious what is it then only he explained about bitcoin and I am here.
So let people / friends / relatives whatever whoever let them notice us and they should ask us and believe me it increase the value of Bitcoin if we tell them I am doing bitcoin come join it wont worth.
Sorry may be I am wrong believe me this trend works with me.
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What I notice about Bitcoin is Bitcoin is the most Popular cryptocurrency compare with other cryptocurrency due to the first in its innovative method. Bitcoin has given people to grow with financial support.
Lot of people doing Bitcoin as full time job and running their family and fulfilling the family requirement.
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