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Author Topic: The future of the paper money  (Read 403645 times)
avw1982
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June 14, 2016, 09:33:18 AM
 #1101

The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.

I am sure! bitcoin can replace fiat on the future as we can see there are more advantage on bitcoin compare fiat. My family people usuallly send money with my fiat but once he being introduced with bitcoin, he switch into bitcoin as transfer transaction as it provide lowest fee and faster confirmation. So bitcoin capture fiat place and Bitcoin will become the great currency around the world.
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June 14, 2016, 09:34:55 AM
 #1102

The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.

I am sure! bitcoin can replace fiat on the future as we can see there are more advantage on bitcoin compare fiat. My family people usuallly send money with my fiat but once he being introduced with bitcoin, he switch into bitcoin as transfer transaction as it provide lowest fee and faster confirmation. So bitcoin capture fiat place and Bitcoin will become the great currency around the world.

Bitcoin will be the best digital currency and best payment in future for sure, but it will never make paper money disappear, as people who hates internet and online stuff will continue to use paper money.
avw1982
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June 14, 2016, 09:38:21 AM
 #1103

The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.

I am sure! bitcoin can replace fiat on the future as we can see there are more advantage on bitcoin compare fiat. My family people usuallly send money with my fiat but once he being introduced with bitcoin, he switch into bitcoin as transfer transaction as it provide lowest fee and faster confirmation. So bitcoin capture fiat place and Bitcoin will become the great currency around the world.

Bitcoin will be the best digital currency and best payment in future for sure, but it will never make paper money disappear, as people who hates internet and online stuff will continue to use paper money.

Nope Bro check the price and adoption rate for the past 4 months, I was big when compare with from beginning, So soon huge number of people gonna use bitcoin for their business transactions and till third world countries bitcoin will reach and make the benchmark revolution soon...
hermanhs09
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June 14, 2016, 09:56:59 AM
 #1104

Paper money has no future at all. That's why it's paper. It's not liquid. It's not even rock solid. It's just a little piece of paper flopping around in the air. It's worth nothing intrinsically.

Bitcoin on the other hand is decentralized, undisturbed by the government.

universe_
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June 14, 2016, 10:08:17 AM
 #1105

The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.
thats not true in my opinion, paper money has no future at all because everyone will start using bitcoins

bitcoins is the best currency that has ever been creating thus it will allow investors to make money

blackmachinegun
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June 14, 2016, 10:19:06 AM
 #1106

The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.
Lol I'm sure you're not a real bitcoin users. how can users expect bitcoin will die in the near future Lol?
although so I thought you would be wrong calculation. bitcoin is constantly evolving and in a long time I'm sure bitcoin could talk more.

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June 14, 2016, 11:09:08 AM
 #1107

The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.
Lol I'm sure you're not a real bitcoin users. how can users expect bitcoin will die in the near future Lol?
although so I thought you would be wrong calculation. bitcoin is constantly evolving and in a long time I'm sure bitcoin could talk more

Anything can be shorted (if you know what that means)

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June 14, 2016, 11:12:13 AM
 #1108

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.
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June 14, 2016, 11:31:49 AM
 #1109

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.
power by paper money will be lost most probably in my opinion because all people will be concentrated on bitcoin


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chaser15
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June 14, 2016, 11:47:25 AM
 #1110

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.
power by paper money will be lost most probably in my opinion because all people will be concentrated on bitcoin

Then what is the essence of dreaming a skyrocket price in fiat value?

If that is about to happen, there's no sense now investing in bitcoin and trade to it exchanges since paper money will now be lost. Bitcoin will now be used more as currency.


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deisik
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June 14, 2016, 11:55:54 AM
 #1111

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

chaser15
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June 14, 2016, 12:21:29 PM
 #1112

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

I think he is talking about when people converts their bitcoin to fiat. Because of the skyrocket price that he is talking about, there will be more active users of fiat since bitcoin worth thousand when converted.


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JumperX
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June 14, 2016, 12:32:16 PM
 #1113

I think what written on your thread will never happen.Banning paper money is a crazy decision its like government beating their selfs.That would not be possible we are not that developed.

Yeah paper money will always exist as it has support and backing from the government and they will never allow any digital currency to take over the paper money as they don't hold any control over it.

deisik
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June 14, 2016, 12:33:11 PM
 #1114

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

I think he is talking about when people converts their bitcoin to fiat. Because of the skyrocket price that he is talking about, there will be more active users of fiat since bitcoin worth thousand when converted.

If people start converting their bitcoins to fiat, that would inevitably mean the fall of Bitcoin price (thereby raising demand for fiat). Otherwise, if the demand for fiat is balanced by the demand for Bitcoin, the status quo in the "power of the paper money" will be retained...

Only if Bitcoin price collapses (having risen that high till then), paper money will get more "power" (more bitcoins chasing less dollars)

goinmerry
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June 14, 2016, 01:15:47 PM
 #1115

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

Yeah I think that is what he meant. Nice theory but we need facts for that. Where did you get that idea? Too much power rise of bitcoin made him a little dizzy I think.
eddyubachs
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June 14, 2016, 01:19:58 PM
 #1116

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

Yeah I think that is what he meant. Nice theory but we need facts for that. Where did you get that idea? Too much power rise of bitcoin made him a little dizzy I think.

People who cannot spend bitcoin directly will always choose to convert their bitcoin to fiat as they don't have any other option left rather then selling it.
InsideBjorn
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June 14, 2016, 02:33:06 PM
 #1117

The future of the paper money will always be ok why do you think the future of the paper money wont be good everybody is going to use paper moneys also in the future maybe even more.
Dwelach
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June 14, 2016, 02:33:08 PM
 #1118

The future wil be verry good for the paper money for sure i dont understand why people think that the paper money will disappear later becasue that wont happen.
deisik
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June 14, 2016, 02:46:29 PM
 #1119

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

Yeah I think that is what he meant. Nice theory but we need facts for that. Where did you get that idea? Too much power rise of bitcoin made him a little dizzy I think.

People who cannot spend bitcoin directly will always choose to convert their bitcoin to fiat as they don't have any other option left rather then selling it.

How many people can spend bitcoins directly? Apart from online gambling (and other such sites like cloud-mining scams) and DarkNet (which I'm not familiar with), I don't know of many (actually, any) ways to spend bitcoins directly...

Could you name anything substantial?

useless4
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June 14, 2016, 02:53:02 PM
 #1120

paper money has no future in my opinion because most people will start using bitcoins as it is not controlled by any governments

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