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Author Topic: The future of the paper money  (Read 403673 times)
gerXhonza
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June 14, 2016, 02:54:25 PM

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?

The fact is many of us don't have direct access to spend our coins as there is no coffee shop or restaurant where we can spend our coins directly.
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June 15, 2016, 09:20:43 AM

paper money has no future in my opinion because most people will start using bitcoins as it is not controlled by any governments
No, people do not adopt bitcoin because of that governments do not control it but bitcoin itself has a lot of features, and fiat will not develop because none of the government is working for it but fiat will remain with people because they feel it as convenient.

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June 15, 2016, 09:59:28 AM

paper money has no future in my opinion because most people will start using bitcoins as it is not controlled by any governments
No, people do not adopt bitcoin because of that governments do not control it but bitcoin itself has a lot of features, and fiat will not develop because none of the government is working for it but fiat will remain with people because they feel it as convenient.

Yeah people don't like complicated things, for many of them bitcoin is really complicated so they prefer to stay away from it and using fiat is really easy for them as they are used to it.
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June 15, 2016, 11:05:23 AM

paper money has no future in my opinion because most people will start using bitcoins as it is not controlled by any governments
No, people do not adopt bitcoin because of that governments do not control it but bitcoin itself has a lot of features, and fiat will not develop because none of the government is working for it but fiat will remain with people because they feel it as convenient.

Convenience. Yes that is true. Most of the people just look on what can be used easily, they dont want any hassle because work is all hassle already. So the best way to advertise bitcoin is let people see its convenience to people.

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June 15, 2016, 11:27:41 AM

paper money has no future in my opinion because most people will start using bitcoins as it is not controlled by any governments
No, people do not adopt bitcoin because of that governments do not control it but bitcoin itself has a lot of features, and fiat will not develop because none of the government is working for it but fiat will remain with people because they feel it as convenient.

Convenience. Yes that is true. Most of the people just look on what can be used easily, they dont want any hassle because work is all hassle already. So the best way to advertise bitcoin is let people see its convenience to people.

Not many people will prefer to go with  bitcoin unless they are not made aware about how to use it, and if its not done they will continue to use paper money.
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June 15, 2016, 11:29:28 AM

The paper money is going to be around for a couple more years, it is true that technology goes so fast and in the future everything will be digital but the paper money will not disappear that fast.
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June 15, 2016, 11:50:25 AM

The paper money is going to be around for a couple more years, it is true that technology goes so fast and in the future everything will be digital but the paper money will not disappear that fast.
Unless we don't find place to spend bitcoin directly, paper money will exist, as people will prefer to convert their bitcoin to fiat to spend, so paper money will always be in demand.


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June 15, 2016, 01:58:13 PM

i think there is no future of paper money, it will be banned in the future (+30 years) Undecided  but not now ! i like paper money , when i want to buy things i want to pay with paper money not with electronic cards .

gerXhonza
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June 15, 2016, 01:59:50 PM

i think there is no future of paper money, it will be banned in the future (+30 years) Undecided  but not now ! i like paper money , when i want to buy things i want to pay with paper money not with electronic cards .

Paper money will never disappear, it will always exist even if the world gets digital there will be certain proportion of population who will prefer to use paper money.
DashCoinDark
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June 15, 2016, 02:35:22 PM

Yeah the future of the paper money will bitcoin change anything to this i dont think bitcoin can change the future of the paper money because papers always trusted.
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June 15, 2016, 02:35:25 PM

There will be a good future for the paper money as is depends about the bitcoins off course. There will be allot of crypto users in the future but paper will always been used.

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June 15, 2016, 03:17:54 PM

There will be a good future for the paper money as is depends about the bitcoins off course. There will be allot of crypto users in the future but paper will always been used.

The future of paper money is really good and I don't see any threat to it from bitcoin, as the users of paper money are more in compare to bitcoin and it will keep in increasing in future too.
Altynbekova
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June 15, 2016, 06:08:50 PM

The future of the paper money is not good at all because of the fact that digital currency are upcoming and the normal currency's will also be digital.
Due to this the paper money will disappear soon or later.
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June 15, 2016, 06:36:20 PM

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.
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June 15, 2016, 06:39:03 PM

The future of the paper money is not good at all because of the fact that digital currency are upcoming and the normal currency's will also be digital.
Due to this the paper money will disappear soon or later.

I agree with you at some point that everything is getting digital now, but the fact is what about those uneducated and illiterate people, do you expect them to use bitcoin? I don't think so.
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June 15, 2016, 06:52:59 PM

The future of the paper money is not good at all because of the fact that digital currency are upcoming and the normal currency's will also be digital.
Due to this the paper money will disappear soon or later.

I agree with you at some point that everything is getting digital now, but the fact is what about those uneducated and illiterate people, do you expect them to use bitcoin? I don't think so.
Well its hard to motivate it to people that they know bitcoin how it works,. they are still choosing he old money instead to buy anything they want.. choosing bitcoin as our fiat using online paying.. its very impossible to happen in the future..

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June 15, 2016, 06:55:42 PM

The future of the paper money is not good at all because of the fact that digital currency are upcoming and the normal currency's will also be digital.
Due to this the paper money will disappear soon or later.

I agree with you at some point that everything is getting digital now, but the fact is what about those uneducated and illiterate people, do you expect them to use bitcoin? I don't think so.
Well its hard to motivate it to people that they know bitcoin how it works,. they are still choosing he old money instead to buy anything they want.. choosing bitcoin as our fiat using online paying.. its very impossible to happen in the future..

Yeah certain percentage of population will prefer to use fiat even if bitcoin reaches to the moon, as they will not be aware about bitcoin and they won't really care for bitcoin.

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June 15, 2016, 07:03:40 PM

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
I don't think that paper money will vanish ever as it seems now permanent to exist. As there are more people using real money than the people using cryptocurrencies but in future bitcoins will be used more widely due to the demand from digital era.

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June 15, 2016, 07:22:23 PM

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
I don't think that paper money will vanish ever as it seems now permanent to exist. As there are more people using real money than the people using cryptocurrencies but in future bitcoins will be used more widely due to the demand from digital era.

Agreed, but we cannot neglect the fact that users of paper money are more in compare to bitcoin and the scenario will be the same in future even if bitcoin gets on the mainstream.
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June 15, 2016, 07:38:59 PM

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
I don't think that paper money will vanish ever as it seems now permanent to exist. As there are more people using real money than the people using cryptocurrencies but in future bitcoins will be used more widely due to the demand from digital era.

yeah, the paper money now became a permanent money and none of the power can remove it from the field, the government will support it also as it is their national sign in finance.


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