|
jokerrj
|
 |
February 26, 2016, 07:24:20 PM |
|
Bitcoin will always be dependent on fiat for sure as I don't see it replacing as we can't use our bitcoins physically to buy any product from physical shop.
|
Looking for a long term signature campaign. Pm me
|
|
|
|
|
|
|
|
The forum was founded in 2009 by Satoshi and Sirius. It replaced a
SourceForge forum.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
goinmerry
Legendary
 Offline
Activity: 2940
Merit: 1083
|
|
February 29, 2016, 01:26:54 PM |
|
Bitcoin will always be dependent on fiat for sure as I don't see it replacing as we can't use our bitcoins physically to buy any product from physical shop.
That is right. I have said that a lot of times from different thread. We as humans wants something that we can touch. It is not easy for us to believe if we cant see it or touch it. That is how we are made. |
|
|
|
|
|
diegz
|
|
February 29, 2016, 01:30:54 PM |
|
Bitcoin will always be dependent on fiat for sure as I don't see it replacing as we can't use our bitcoins physically to buy any product from physical shop.
well, unless more and more would start putting up a business that accepts bitcoin as payment for a physical goods..that way we won't be dependent on fiat, and make use of our coins without converting it... |
|
|
|
|
n0ne
|
|
February 29, 2016, 02:20:17 PM |
|
If bitcoin becomes an independent currency, it would not be worth much as currently the only good thing is that it is volatile and can be traded. With currencies like USD, EUR and others, the price would be too low and we would never
reach $400-$450 like its now. Also, if prices are fixed in BTC, users would need to earn as well in bitcoins which would take years as currently people receive everything in their own local currency.
Yeah thats right if it gets centralized and go into use, soon the value of the bitcoin will reduce constantly and finally a fixed value might be reached. This should not take place, It may result in the decrease of bitcoin users. |
|
|
|
|
Alvin Fahriza
|
|
February 29, 2016, 02:21:05 PM |
|
Bitcoin will always be dependent on fiat for sure as I don't see it replacing as we can't use our bitcoins physically to buy any product from physical shop.
nope. in my county you can pay for food and drinks with bitcoin. simply scan the QR and you pay via mobile phone does not necessarily depend on fiat |
|
|
|
|
craked5
|
|
February 29, 2016, 02:22:24 PM |
|
Btc depends on fiat, but that has NOTHING to do with the price of btc.
Btc could perfectly be worth 10k$ and still depends on fiat.
It could be worth 10$ and no longer rely on fiat.
Problem is the small number of companies accepting btc and the non existent number of companies paying in btc.
|
|
|
|
|
|
CryingMidget
|
|
February 29, 2016, 02:42:11 PM |
|
Btc depends on fiat, but that has NOTHING to do with the price of btc.
Btc could perfectly be worth 10k$ and still depends on fiat.
It could be worth 10$ and no longer rely on fiat.
Problem is the small number of companies accepting btc and the non existent number of companies paying in btc.
Big companies like apple, Dell, Amazon, eBay and many more are accepting bitcoin. Still bitcoin is lacking in awareness Once people comes to about bitcoin well. It makes more money. |
|
|
|
|
|
Pitchblackroom
|
|
February 29, 2016, 03:35:22 PM |
|
Btc depends on fiat, but that has NOTHING to do with the price of btc.
Btc could perfectly be worth 10k$ and still depends on fiat.
It could be worth 10$ and no longer rely on fiat.
Problem is the small number of companies accepting btc and the non existent number of companies paying in btc.
Adoption is the true determinate of the price of bitcoin on the current supply of it. |
| ❱❱ | | ██
█║█
║║║
║║║
█║█
██ | | | | |
▄██▄
▄██████▄
▄██████████
▄██████████▀ ▄▄
▄██████████▀ ▄████▄
▄██████████▀ ████████▄
██████████▀ ▀████████
▀███████▀ ▄███▄ ▀████▀ ▄█▄
▄███▄ ▀███▀ ▄███████▄ ▀▀ ▄█████▄
▄███████▄ ▄██████████ ▄█████████
█████████ ▄██████████▀ ▄██████████▀
▀█████▀ ▄██████████▀ ▄██████████▀
▀▀▀ ▄██████████▀ ▄██████████▀
██████████▀ ▄██████████▀
▀███████▀ █████████▀
▀███▀ ▄██▄ ▀█████▀
▄██████▄ ▀▀▀
█████████
▀█████▀
▀▀▀ | | e i d o o
██
| |
▄██▄
▄██████▄
▄██████████
▄██████████▀ ▄▄
▄██████████▀ ▄████▄
▄██████████▀ ████████▄
██████████▀ ▀████████
▀███████▀ ▄███▄ ▀████▀ ▄█▄
▄███▄ ▀███▀ ▄███████▄ ▀▀ ▄█████▄
▄███████▄ ▄██████████ ▄█████████
█████████ ▄██████████▀ ▄██████████▀
▀█████▀ ▄██████████▀ ▄██████████▀
▀▀▀ ▄██████████▀ ▄██████████▀
██████████▀ ▄██████████▀
▀███████▀ █████████▀
▀███▀ ▄██▄ ▀█████▀
▄██████▄ ▀▀▀
█████████
▀█████▀
▀▀▀ | | | | | ██
█║█
║║║
║║║
█║█
██ | | ❰❰ | | |
|
|
|
|
doctor877
|
|
February 29, 2016, 10:45:58 PM |
|
Btc depends on fiat, but that has NOTHING to do with the price of btc.
Btc could perfectly be worth 10k$ and still depends on fiat.
It could be worth 10$ and no longer rely on fiat.
Problem is the small number of companies accepting btc and the non existent number of companies paying in btc.
Big companies like apple, Dell, Amazon, eBay and many more are accepting bitcoin. Still bitcoin is lacking in awareness Once people comes to about bitcoin well. It makes more money. I think yes the awareness among the general people is the key to success here, so people should be made more aware about the bitcoins, and if people starts adopting bitcoin, it can make a huge difference in future. |
|
|
|
|
|
DeDordtenaar
|
|
March 01, 2016, 01:14:56 AM |
|
Btc depends on fiat, but that has NOTHING to do with the price of btc.
Btc could perfectly be worth 10k$ and still depends on fiat.
It could be worth 10$ and no longer rely on fiat.
Problem is the small number of companies accepting btc and the non existent number of companies paying in btc.
Adoption is the true determinate of the price of bitcoin on the current supply of it. yeah agree the problem is the adoption. This is solved. how we can accelerate the adoption of that? |
,╓▄▄▄▄▄▄▄▄▄╓
╓▄█████████████████▄╖
╓▄█████▀▀'▒,,,,,╠'▀▀█████▄,
,▓███▀╜,▄▄███████████▄▄,╙▀████╖
▄███▀ ▄█████▀▀"``╙"▀▀█████▄ ▀███▄
▓███╜╓████▀ ,▄▄█████▄▄, ▀████,╙███▌
▓███`╔███▀ ╓▓███▀▀▀▀▀████╖ ▀███@"███▌
]███▌┌███▌ ▐███ ███▄ ▐███ ▐███,
▐███ ▐███ .███ ███ ███▌ ███▌
▐███ ▐███ '███ ███ ███▌ ███▌
]███@╙███@ ▀██▌ ,▄██▌ ▐███ ▐███`
▓███ ▐███▄ ╙██▀╩ 9███╜ ╔███▀,███▌
████,╙███▌ ▓███╜,████
▀███▄ ▀╜ ▀▀ ▄███▌
╙████▄, ╓▄████╜
╙█████▄▄╓, ,╓▄▄█████▀
▀▀█████████████████▀▀
'▀▀▀▀▀▀▀▀▀▀▀'
| CloakCoin | Private, Secure & Untraceable Cryptocurrency | Enigma
Forum | Bitcointalk | Twitter | Slack | Facebook | VK | Reddit | CloakTV | Instagram | IRC-Chat | Faucet
|
|
|
|
|
techgeek
|
|
March 01, 2016, 01:26:14 AM |
|
Well what else would it depend on? Youre not going to see people running around with gold notes in their pocket and say "hey" heres my $10 worth of gold notes. The world is already grown into the fiat system..  |
|
|
|
Shinpako09
Legendary
Offline
Activity: 1988
Merit: 1015
Leading Crypto Sports Betting & Casino Platform
|
|
March 01, 2016, 02:04:32 AM |
|
Well what else would it depend on? Youre not going to see people running around with gold notes in their pocket and say "hey" heres my $10 worth of gold notes. The world is already grown into the fiat system.. This one is great answer. Actually all other things will always depend in fiat to see/know how much the value of that thing is. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
|
Pattart
|
|
March 01, 2016, 05:29:12 AM |
|
Well what else would it depend on? Youre not going to see people running around with gold notes in their pocket and say "hey" heres my $10 worth of gold notes. The world is already grown into the fiat system.. This one is great answer. Actually all other things will always depend in fiat to see/know how much the value of that thing is. bitcoin and fiat will always meet. because fiat that provides prices for bitcoin. $437/btc now |
|
|
|
|
goinmerry
Legendary
Offline
Activity: 2940
Merit: 1083
|
|
March 01, 2016, 06:44:15 AM |
|
Well what else would it depend on? Youre not going to see people running around with gold notes in their pocket and say "hey" heres my $10 worth of gold notes. The world is already grown into the fiat system.. Very right Sir. Without fiat how can we really know what the real value of something. I dont know how fiat will be change but I guess if something really bad happen to this world that is the time fiat wont have any value. |
|
|
|
|
|
blackmachinegun
|
|
March 01, 2016, 07:35:15 AM |
|
Bitcoin will always be dependent on fiat for sure as I don't see it replacing as we can't use our bitcoins physically to buy any product from physical shop.
to determine the price of a commodity or currency rates / currency to another, we will always depend on many currencies. but to buy something. we do not need to rely on fiat |
|
|
|
|
|
diodio5
|
|
March 01, 2016, 02:05:40 PM |
|
many people are always convert bitcoin to fiat and use it for everyday purposes
This proves that bitcoin is still dependent on the fiat. unless many traders. accept bitcoin as a currency or payment options. we don't need to convert to fiat. right ?
|
|
|
|
|
|
y8tvkid
|
|
March 01, 2016, 07:10:38 PM |
|
many people are always convert bitcoin to fiat and use it for everyday purposes
This proves that bitcoin is still dependent on the fiat. unless many traders. accept bitcoin as a currency or payment options. we don't need to convert to fiat. right ?
I think this scenario will continue for a longer period of time unless we don't find physical shops that directly accepts bitcoins as a payment method, until then bitcoin will always be dependent on fiat. |
|
|
|
|
pneumatic5
Full Member
Offline
Activity: 238
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
|
|
March 01, 2016, 07:55:36 PM |
|
Bitcoin cannot replace fiat as we are dependent on fiat at a moment to convert our bitcoins, so that we can have hard cash in our hands and we can use it for spending, things will be same in future too.
|
|
|
|
goinmerry
Legendary
Offline
Activity: 2940
Merit: 1083
|
|
March 02, 2016, 10:35:11 AM |
|
There is no changing that. It is supposed to be that way. Or some people will go rampant if you make bitcoin as a new currency internationally. Specially, those who doesnt even know something about it. And what is more. Those who dont even hold a computer. That will be hard for them
|
|
|
|
|
|
angryrob
|
|
March 02, 2016, 12:07:43 PM |
|
There is no changing that. It is supposed to be that way. Or some people will go rampant if you make bitcoin as a new currency internationally. Specially, those who doesnt even know something about it. And what is more. Those who dont even hold a computer. That will be hard for them
Exactly, the older generation would prefer to use fiat and not bitcoins, as for them bitcoin is something very new and complicated, they would continue to use what's convenient for them. |
|
|
|
|
|
