Bitcoin can not replace fiat

[Sled]

Bitcoin can not replace fiat because fiat is very powerful and it is government supported so it will be hard for bitcoin to do defeat fiat. It is just good for bitcoin to not replace fiat because it will not succeed and it will just lose some time trying to do that. Skip doing that and focus on other helpful things rather than defeating or replacing fiat.

Correct, fiat is government currency and Bitcoin is independent. Governments will always want to control their currencies which is one of the main reasons why Satoshi Nakamoto created Bitcoin. I think both will exist together for a while.

actually in present time the users of bitcoin are also very few. as a large number of people still do no know any thing about bitcoin. they still need proper knowledge and introduction about bitcoin, but i think it will take decades when all the people of the world will start using bitcoin.

i think the users of bitcoin are continously increasing and we are hopeful that the number of bitcoin users will continue to increase. as we can see that even now the users of bitcoin are present in all over the world, but still the facilities of bitcoin to be use as currency is not available everywhere.

the facilities are available in most parts of the world but only in some parts the facilities are not much and the reason is that the people of that place do not work to develop and establish bitcoin in their places.

They didn't develop bitcoin to be their currency simply because they didn't aware of bitcoin. If they just aware of what is bitcoin then it is very simple that that they will use bitcoin as another type of currency in their facilities or places. Bitcoin is not that hard to use so they can easily adopt it when they already know what is bitcoin.

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[rikybrosh]

The price of fiat is keep droping, isn't it? I think the endless print of fiat makes it to be unworth thing. I think we will looking for another thing to replace it, I am sure no one of us that want to suffer a financial lose. So probably bitcoin or gold will replace fiat.

[agentx44]

The price of fiat is keep droping, isn't it? I think the endless print of fiat makes it to be unworth thing. I think we will looking for another thing to replace it, I am sure no one of us that want to suffer a financial lose. So probably bitcoin or gold will replace fiat.

Bitcoin or gold will not replace fiat money since not all people can mangae to use that and many people will disagree since the system would be altered and will make it worse which people doesn't want. Bitcoin is just an online currency and not all people can be online, hence it's impossible to replace fiat money. Also, physical engagement will be easier if we will use fiat money.

[Fatanut]

Bitcoin can not replace fiat because fiat is very powerful and it is government supported so it will be hard for bitcoin to do defeat fiat. It is just good for bitcoin to not replace fiat because it will not succeed and it will just lose some time trying to do that. Skip doing that and focus on other helpful things rather than defeating or replacing fiat.

Correct, fiat is government currency and Bitcoin is independent. Governments will always want to control their currencies which is one of the main reasons why Satoshi Nakamoto created Bitcoin. I think both will exist together for a while.

actually in present time the users of bitcoin are also very few. as a large number of people still do no know any thing about bitcoin. they still need proper knowledge and introduction about bitcoin, but i think it will take decades when all the people of the world will start using bitcoin.

i think the users of bitcoin are continously increasing and we are hopeful that the number of bitcoin users will continue to increase. as we can see that even now the users of bitcoin are present in all over the world, but still the facilities of bitcoin to be use as currency is not available everywhere.

the facilities are available in most parts of the world but only in some parts the facilities are not much and the reason is that the people of that place do not work to develop and establish bitcoin in their places.

Not sure what facilities are you looking for but I really think that the only facilities that you need are an Internet provider and a smartphone or a computer. Nothing else. Almost everywhere those can be found. Even rural areas on third world countries have them. And if a place is going to establish an Internet connection in their place, it would be not for bitcoin specifically. The Internet is too broad to just focus on one subject. Establishing an Internet connection in an underdeveloped place would have tons of purpose that it will get years before we can list down all of them.

[AK47-]

I think its safe to say that bitcoin will never replace fiat in our lifetime. The currencies are matter of faith, and for the moment bitcoin will remain a side player. Will it continue rising in popularity? I think yes. To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

[daxiake]

I think its safe to say that bitcoin will never replace fiat in our lifetime. The currencies are matter of faith, and for the moment bitcoin will remain a side player. Will it continue rising in popularity? I think yes. To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

Yeah bitcoin will become more popular in future but people will prefer to use it as a secondary currency and will use it only for online purposes and to buy anything offline they will choose to use fiat as fiat is widely used and accepted in compare to bitcoins.

[abstractednerve]

I think its safe to say that bitcoin will never replace fiat in our lifetime. The currencies are matter of faith, and for the moment bitcoin will remain a side player. Will it continue rising in popularity? I think yes. To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

Yeah bitcoin will become more popular in future but people will prefer to use it as a secondary currency and will use it only for online purposes and to buy anything offline they will choose to use fiat as fiat is widely used and accepted in compare to bitcoins.

Bitcoin will not replace fiat but after knowing bitcoins people will reduce the usage of fiat for sure as even now people prefer to shop using credit cards so once they are aware about bitcoins they will surely switch to bitcoins for making payments.

[MioTaiHeo]

I think its safe to say that bitcoin will never replace fiat in our lifetime. The currencies are matter of faith, and for the moment bitcoin will remain a side player. Will it continue rising in popularity? I think yes. To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

Yeah bitcoin will become more popular in future but people will prefer to use it as a secondary currency and will use it only for online purposes and to buy anything offline they will choose to use fiat as fiat is widely used and accepted in compare to bitcoins.

Bitcoin will not replace fiat but after knowing bitcoins people will reduce the usage of fiat for sure as even now people prefer to shop using credit cards so once they are aware about bitcoins they will surely switch to bitcoins for making payments.

Yes, I also think that this will happen. Bitcoin will remain an alternative currency. And according to popularity, it will yield a little to the Fiat. And if bitcoin becomes more popular, soon many shops will take it

[jaysabi]

The test that bitcoin fails is storing value, which necessitates price stability. If you look at all failing currencies, none of them were literally worthless, they all had some value, so they were technically a store of value. But they were useless as a currency because there was no price stability. Dead currencies suffered under rapid inflation. Bitcoin doesn't have a one-way only trajectory; it swings in both directions, but the price movements make it just as useless as a currency, because you can't be reasonably certain that the value you put into it today will be the same in a week, let alone for the long periods of time that are required to have financial security.

[Botnake]

I think its safe to say that bitcoin will never replace fiat in our lifetime. The currencies are matter of faith, and for the moment bitcoin will remain a side player. Will it continue rising in popularity? I think yes. To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

Yeah bitcoin will become more popular in future but people will prefer to use it as a secondary currency and will use it only for online purposes and to buy anything offline they will choose to use fiat as fiat is widely used and accepted in compare to bitcoins.

Bitcoin will not replace fiat but after knowing bitcoins people will reduce the usage of fiat for sure as even now people prefer to shop using credit cards so once they are aware about bitcoins they will surely switch to bitcoins for making payments.

Yes, I also think that this will happen. Bitcoin will remain an alternative currency. And according to popularity, it will yield a little to the Fiat. And if bitcoin becomes more popular, soon many shops will take it

There is no overnight success for bitcoin, we have to wait for the right time in order to see a good price and that will happen
if you will hold on. The development is very fast for bitcoin and i see a good future on it, so if you want to invest, start it now.

[Sled]

I think its safe to say that bitcoin will never replace fiat in our lifetime. The currencies are matter of faith, and for the moment bitcoin will remain a side player. Will it continue rising in popularity? I think yes. To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

Yeah bitcoin will become more popular in future but people will prefer to use it as a secondary currency and will use it only for online purposes and to buy anything offline they will choose to use fiat as fiat is widely used and accepted in compare to bitcoins.

Bitcoin will not replace fiat but after knowing bitcoins people will reduce the usage of fiat for sure as even now people prefer to shop using credit cards so once they are aware about bitcoins they will surely switch to bitcoins for making payments.

Yes, I also think that this will happen. Bitcoin will remain an alternative currency. And according to popularity, it will yield a little to the Fiat. And if bitcoin becomes more popular, soon many shops will take it

There is no overnight success for bitcoin, we have to wait for the right time in order to see a good price and that will happen
if you will hold on. The development is very fast for bitcoin and i see a good future on it, so if you want to invest, start it now.

Yes there is no overnight success for bitcoin because it will take a lot of days and night for you to become successful, you need to sacrifice your long sleeps for long term freedom which is financial freedom. There is a lot of things to do with bitcoin that can help you to become successful like investing,trading,freelancing and a lot more. It is indeed that bitcoin have a good development and it is one of the reason why there is a high chance for us to become successful with the help of bitcoin.

[micher143]

Yes because bitcoin is a digital currency and the bitcoin have requirements to use for example smartphone and internet if you didn't have that you can't use bitcoin so in the small market didn't use that so only the fiat is you can use in buying goods in real world so for now it is impossible to replace fiat into bitcoin.

[Rostadom]

I think its safe to say that bitcoin will never replace fiat in our lifetime. The currencies are matter of faith, and for the moment bitcoin will remain a side player. Will it continue rising in popularity? I think yes. To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

Yeah bitcoin will become more popular in future but people will prefer to use it as a secondary currency and will use it only for online purposes and to buy anything offline they will choose to use fiat as fiat is widely used and accepted in compare to bitcoins.

Bitcoin will not replace fiat but after knowing bitcoins people will reduce the usage of fiat for sure as even now people prefer to shop using credit cards so once they are aware about bitcoins they will surely switch to bitcoins for making payments.

Credit card is different from bitcoins. Credit card might also be digital but it's all about credit. People are addicted on using credit card because they are able to buy stuffs right away even when they cannot afford it yet. Bitcoin, on the other hand, is like the counterpart which is the debit card. Imagine a debit card that allows you to send money abroad without doing that much and without paying much. That's how bitcoin is.

But even when people aren't relying on cash nowadays, there's rarely people that's switching to using bitcoins because it's not that convenient enough to most people. There's very few places in the world where you can buy stuffs directly using bitcoins, meaning without converting your bitcoins to fiat first. The merchants are kind of the problem to some but the number of merchants accepting bitcoins will not increase unless the number of bitcoin users has increased tremendously.

[grobura]

I think its safe to say that bitcoin will never replace fiat in our lifetime. The currencies are matter of faith, and for the moment bitcoin will remain a side player. Will it continue rising in popularity? I think yes. To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

Yeah bitcoin will become more popular in future but people will prefer to use it as a secondary currency and will use it only for online purposes and to buy anything offline they will choose to use fiat as fiat is widely used and accepted in compare to bitcoins.

Bitcoin will not replace fiat but after knowing bitcoins people will reduce the usage of fiat for sure as even now people prefer to shop using credit cards so once they are aware about bitcoins they will surely switch to bitcoins for making payments.

Yes, I also think that this will happen. Bitcoin will remain an alternative currency. And according to popularity, it will yield a little to the Fiat. And if bitcoin becomes more popular, soon many shops will take it

There is no overnight success for bitcoin, we have to wait for the right time in order to see a good price and that will happen
if you will hold on. The development is very fast for bitcoin and i see a good future on it, so if you want to invest, start it now.

Bitcoin can replace Fiat, but it will not happen very quickly. You are right, it takes time. And I still hope that bitcoin will stand all the tests and become very popular in the future

[Fanpant]

I think its safe to say that bitcoin will never replace fiat in our lifetime. The currencies are matter of faith, and for the moment bitcoin will remain a side player. Will it continue rising in popularity? I think yes. To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

Yeah bitcoin will become more popular in future but people will prefer to use it as a secondary currency and will use it only for online purposes and to buy anything offline they will choose to use fiat as fiat is widely used and accepted in compare to bitcoins.

Bitcoin will not replace fiat but after knowing bitcoins people will reduce the usage of fiat for sure as even now people prefer to shop using credit cards so once they are aware about bitcoins they will surely switch to bitcoins for making payments.

Yes, I also think that this will happen. Bitcoin will remain an alternative currency. And according to popularity, it will yield a little to the Fiat. And if bitcoin becomes more popular, soon many shops will take it

There is no overnight success for bitcoin, we have to wait for the right time in order to see a good price and that will happen
if you will hold on. The development is very fast for bitcoin and i see a good future on it, so if you want to invest, start it now.

Bitcoin can replace Fiat, but it will not happen very quickly. You are right, it takes time. And I still hope that bitcoin will stand all the tests and become very popular in the future

I think it will take many decades. And the fiat will survive in some usage then.

[UCHCHILD]

It cannot replace fiat, but if so, it will takes more time to happen not just in one blink.
And each country will need to make some serious study to make us it in market.

[virasog]

I think its safe to say that bitcoin will never replace fiat in our lifetime. The currencies are matter of faith, and for the moment bitcoin will remain a side player. Will it continue rising in popularity? I think yes. To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

Yeah bitcoin will become more popular in future but people will prefer to use it as a secondary currency and will use it only for online purposes and to buy anything offline they will choose to use fiat as fiat is widely used and accepted in compare to bitcoins.

Bitcoin will not replace fiat but after knowing bitcoins people will reduce the usage of fiat for sure as even now people prefer to shop using credit cards so once they are aware about bitcoins they will surely switch to bitcoins for making payments.

Yes, I also think that this will happen. Bitcoin will remain an alternative currency. And according to popularity, it will yield a little to the Fiat. And if bitcoin becomes more popular, soon many shops will take it

There is no overnight success for bitcoin, we have to wait for the right time in order to see a good price and that will happen
if you will hold on. The development is very fast for bitcoin and i see a good future on it, so if you want to invest, start it now.

Bitcoin can replace Fiat, but it will not happen very quickly. You are right, it takes time. And I still hope that bitcoin will stand all the tests and become very popular in the future

Yes, it really takes time to test the greatness of bitcoin in the industry there is no one time for this move since it talks about the economy and can affect the economic of each country that will use and accept bitcoin to be their currency. Govt. Needs to find the pros and cons of bitcoins usage over fiat and make a feasible solution.

[the rise]

If we are referring to what happens to bitcoin trading market in China, there is great concern because volume of bitcoin transactions is much larger than yuan currency, this will have an impact on concentration of traders to move their investment away from fiat because of lower capital and fees than trading Forex. This is an interesting issue because conclusion that we get is that bitcoin can replace fiat in the future.

[AngelSky]

It cannot replace fiat, but if so, it will takes more time to happen not just in one blink.
And each country will need to make some serious study to make us it in market.

I think that symptom says that bitcoin is being adopted by many people everyday and recently Japanese Government accepted bitcoin as a legal money and even Switzerland banks has been adopted over bitcoin. I am sure bitcoin will be fiat in some years.
Even citi bank plans to create their own altcoins for them. However, bitcoin will be always in the chart in future.

[BluePoppy]

Yes, got you intrigued, didn't it?

Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.
Take paying a cup of coffee for example. To pay your coffee with bitcoins, one must get bitcoins first, either by mining or buying bitcoins with other kinds of money (*cough*fiat*cough). It ends up being a quite complicated process, don't you think?
Until we reach the point where paying for a cup of coffee is as easy with Bitcoin as it is with cash, we will never get mass adoption. And as far as I see it, there is no way of simplifying the acquiring of bitcoins.

Why not? We're in the process of simplification RIGHT NOW. And banks are in on the blockchain effort too. It's big.