milewilda
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October 04, 2016, 02:55:11 AM |
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I dont think so that bitcoin be replaces the money. I dont think that this could happen. As other people will not get easily jives the process of bitcoin. As other people will not easily understand whats in bitcoin.
Of course you wo't suddenly change fiat to bitcoin if not all people are aware of it. For example we have 3 months to prepare for our government before changing our money printed. Its for people to know that we have a new money and it is legal and acceptable everywhere. Also understanding bitcoin will come on the process when time is use in it. It would surely takes time for bitcoin to be fully adopted all over the world since not all people are already awared on bitcoins existence. In the meantime , bitcoin cant replace fiat money even how bitcoin would be fully adopted in the future. Government would no have intention to let this happen for sure.
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freedomgo
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October 04, 2016, 05:07:50 AM |
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I dont think so that bitcoin be replaces the money. I dont think that this could happen. As other people will not get easily jives the process of bitcoin. As other people will not easily understand whats in bitcoin.
Of course you wo't suddenly change fiat to bitcoin if not all people are aware of it. For example we have 3 months to prepare for our government before changing our money printed. Its for people to know that we have a new money and it is legal and acceptable everywhere. Also understanding bitcoin will come on the process when time is use in it. It would surely takes time for bitcoin to be fully adopted all over the world since not all people are already awared on bitcoins existence. In the meantime , bitcoin cant replace fiat money even how bitcoin would be fully adopted in the future. Government would no have intention to let this happen for sure. In fact bitcoin has already been known in the world but the number of adopters are not that huge compared to paper money which we are currently using. For me, I do not see any reason or chances that bitcoin can replace money, if that happen big chaos will take place.
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Altcoinmoney
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October 04, 2016, 07:35:14 AM |
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I think it's actually possible when everything's done digitally. When every transaction of every penny is done through bitcoin and nothing else. Every fiat has to be converted into bitcoin and bitcoin will surely have a stable value. It's too far fetched as of today though to confirm that this will happen in the future. If we try to convert all fiat money into bitcoin today, people will just do a protest as the majority of people don't even know what bitcoin is.
Yeah bitcoin is still not too popular in many corners of the world and people will prefer to use fiat as they are used to it and they are using it since long time. I do not think that Bitcoin is ever going to replace money because to me it just seems so unlikely to happen so all of a sudden. Many people do not even know what Bitcoin is and then they will be forced to use it.
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Zadicar
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October 04, 2016, 10:33:39 AM |
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I think it's actually possible when everything's done digitally. When every transaction of every penny is done through bitcoin and nothing else. Every fiat has to be converted into bitcoin and bitcoin will surely have a stable value. It's too far fetched as of today though to confirm that this will happen in the future. If we try to convert all fiat money into bitcoin today, people will just do a protest as the majority of people don't even know what bitcoin is.
Yeah bitcoin is still not too popular in many corners of the world and people will prefer to use fiat as they are used to it and they are using it since long time. I do not think that Bitcoin is ever going to replace money because to me it just seems so unlikely to happen so all of a sudden. Many people do not even know what Bitcoin is and then they will be forced to use it. You are right, bitcoin cant replace fiat anytime soon and you are right it would take time for people to adopt bitcoin hence its not fully spread all over the world as of now. But even how bitcoin would be succesful in the future, it would have a hard time to replace fiat money.
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ovvidiy
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October 04, 2016, 04:47:44 PM |
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Since not very active or willing to authorities in different countries want to introduce cryptocurrency into use, or at least to recognize it as a currency, I think that the prospects of replacing bitcoin real money is not very large.
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krishna1
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October 04, 2016, 05:05:45 PM |
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it can happen but market is always unpridictable and only shops can change he currenct ups and downs so it depends on the shops will they accept it or not and the more important point is who would we tell them about bitcoin and how to use them and will they?
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Lavavest
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October 04, 2016, 06:00:46 PM |
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Since not very active or willing to authorities in different countries want to introduce cryptocurrency into use, or at least to recognize it as a currency, I think that the prospects of replacing bitcoin real money is not very large.
There is little chance for the bitcoin to replace fiat in 10 years. But in 20 years, it could be a reserve currency.
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ekoice
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October 04, 2016, 06:10:50 PM |
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No, Bitcoin cannot replace money fully.Fiat currency is supported by governments and is used worldwide.Bitcoin will be used as a secondary payment option.
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Universat
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October 04, 2016, 06:30:41 PM |
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you are right that you can't buy product directly spending btc but you can use it indirectly . while you have the option to spent bitcoin for Online product at purse.io . so i think in the coming days Bitcoin can replace the money .
i think you are wrong there are many services that let you buy with bitcoin, without dumping first for fiat, for example caseking, which sell HW part and computer, i bought my miner rig there without problem There are a lot of places for buying things with bitcoins without converting them to fiat, but anyway, that is not related to this topic, where we are discussing about bitcoin replacing money, and in my opinion it cannot because believers of fiat are way more than believers of bitcoin right now. yes i also agree with you, i think it is not possible in near future, because still almost all people are using fiact currency and some are using bitcoin as an optional currency, but it is also a fact that the users of bitcoin are also increasing day by day.
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TTMNewsK
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October 05, 2016, 01:21:14 AM |
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There is a possibility that it will be happens in the future. Why? Because as far as we all know, most of the people recognizing the bitcoin as their digital money. They are using it to buy their needs. It is very useful for them. So it can might replace the money soon.
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goldcoinminer
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October 05, 2016, 02:04:24 AM |
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There is a possibility that it will be happens in the future. Why? Because as far as we all know, most of the people recognizing the bitcoin as their digital money. They are using it to buy their needs. It is very useful for them. So it can might replace the money soon.
I respect your opinion but I do not think it will ever happen, we all know here that bitcoin is invented by an anonymous programmer so how can the government trust this and for sure they will let us comply with bitcoin if we all go to digital but our privilege of getting freedom will be lost as we will be controlled by the government again.
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milewilda
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October 05, 2016, 02:47:46 AM |
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There is a possibility that it will be happens in the future. Why? Because as far as we all know, most of the people recognizing the bitcoin as their digital money. They are using it to buy their needs. It is very useful for them. So it can might replace the money soon.
I respect your opinion but I do not think it will ever happen, we all know here that bitcoin is invented by an anonymous programmer so how can the government trust this and for sure they will let us comply with bitcoin if we all go to digital but our privilege of getting freedom will be lost as we will be controlled by the government again. You are right, bitcoin cant replace fiat anytime soon because bitcoin would require lots of things to comply on when it intend to be controlled by the government but as you said bitcoin is anonymous and cant be controlled by anybody this means its impossible for it to be adopted legally.
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Mr. Big
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October 05, 2016, 02:52:53 AM |
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There is a possibility that it will be happens in the future. Why? Because as far as we all know, most of the people recognizing the bitcoin as their digital money. They are using it to buy their needs. It is very useful for them. So it can might replace the money soon.
For now we are earning bitcoin, supposed that it replace money, do you think that there will still be someone giving away money? Besides, money can also be revolutionized..Who knows, one day money would have a digital form and be like bitcoins...So definitely that's too impossible to happen that bitcoin would replace money...
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freedomgo
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October 05, 2016, 04:10:00 AM |
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There is a possibility that it will be happens in the future. Why? Because as far as we all know, most of the people recognizing the bitcoin as their digital money. They are using it to buy their needs. It is very useful for them. So it can might replace the money soon.
For now we are earning bitcoin, supposed that it replace money, do you think that there will still be someone giving away money? Besides, money can also be revolutionized..Who knows, one day money would have a digital form and be like bitcoins...So definitely that's too impossible to happen that bitcoin would replace money... Well if it replaces money how do we determine the value of bitcoins then, I do not think really that would happen as I am also sure whales would not allow that, the security is not good for our investment, we should not rule the world as there is not law in bitcoin that everyone should comply.
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DRaGoN RaNTaRo
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October 05, 2016, 05:41:12 AM |
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bitcoin does not need to replace the fiat currency if that is what you are referring here,being a digital currency and with a huge market capital bitcoin has its space in the currency market alongside the worlds leading currency ,nothing has to be replaced
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CoinFoxs
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October 05, 2016, 05:49:24 AM |
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There is a possibility that it will be happens in the future. Why? Because as far as we all know, most of the people recognizing the bitcoin as their digital money. They are using it to buy their needs. It is very useful for them. So it can might replace the money soon.
It will not happen because in many countries bitcoin is not that much popular and people are not aware of bitcoin. And bitcoin is accepted in very few stores while fiat is accepted in any store, so bitcoin will not gonna replace fiat or money.
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madwica
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October 05, 2016, 07:44:17 AM |
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bitcoin is money in online transaction, what do you mean money to replaced by bitcoin? There are many topic like FIAT CAN REPLACED BY BITCOIN? BANK CAN DISAPPEAR BY BITCOIN? i think OP go to that topic and you can get the answer on your question.
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tracktorr
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October 08, 2016, 05:27:42 PM |
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Bitcoin my opinion would be the only addition to other currencies, and despite the fact that there is a very cryptocurrency individually, but its use is of secondary importance.
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Wandering Soul~
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October 09, 2016, 01:06:29 PM |
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I think it's quite obvious that bitcoin can never replace fiats . Like what wil happen to trading and the exchange businesses? See It doesn't make sense . There are many hurdles to overcome for bitcoin to replace fiat however bitcoin as another form of payment into some businesses is a great thing and might happen anytime soon.
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danherbias07
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October 09, 2016, 02:06:20 PM |
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Could not. It is way too meticulous for people to accept it. We know the kind of world we are living now. They want it easy and faster without their work being affected even just by a little bit of time.
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