Bitcoin replaces the money? Could happen?

[Olaf]

I think Bitcoin is already money, but if you mean if Bitcoin will replace fiat that's not impossible but need timing and more support for this crypto currency

I think bitcoin will not replace fiat in all over the world. you know, it can replace fiat in advanved countries, but not in villages that far from city. what I mean is bitcoin will never replace fiat.

Bitcoin may replace the online transaction of fiat but in offline transactions,fiat will continue to dominate.Fiat is backed by the economy of entire nation to which it belongs to it is not possible for bitcoin to replace it

I see more of a debt consolidation if anything else for banks to use for other global banks.

Imagine they have to send whatever notes/loan value to the other bank - w. paper work etc. When they can use the metric of bitcoin as they hold that much value exchange in their debt.

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[ultimatesky]

It could happen but most likely it will not happen if I'm honest because the normal money is just too big with the overall currency's.
As a example it can never take over the dollar I'm pretty sure about that.

[quentincole32]

No this will not happen, the currency's that are used globally are just too big to take over, I'm thinking the opposite the currency's will replace the bitcoin at the end of this journey.
Currency's are also getting more digital these days so the bitcoin is not gonna get so special anymore for people because the government want to still have control and the untraceability is a nice feature but many people will disagree about that..

it's possible in my opinion , bitcoin could replaces real physical money soon or later in the future , just like we think debit card or credit card in 80's ago is not possible to happened, look at now debit card / credit card everywhere.
it's just the matter of time people coming to try and use bitcoin , and feel the advantages that they achieved.

[LayTheHorseTipster]

probably not bitcoin because it is just a first step. but bitcoin is important in this process.

[knowhow]

It cant replace fiat,the printed money will become digital,as bitcoin is full digital already,soo fiat will be able only online,with cards and instant transfern will happen,bitcoin will belong ton that period of full digital.

[adibe]

It cant replace fiat,the printed money will become digital,as bitcoin is full digital already,soo fiat will be able only online,with cards and instant transfern will happen,bitcoin will belong ton that period of full digital.

Yeah, bitcoin can't replaces the money. But bitcoin can go along with money. The price of bitcoin is also depend on fiat though. So i think both already good in their own ways.

[Olaf]

No this will not happen, the currency's that are used globally are just too big to take over, I'm thinking the opposite the currency's will replace the bitcoin at the end of this journey.
Currency's are also getting more digital these days so the bitcoin is not gonna get so special anymore for people because the government want to still have control and the untraceability is a nice feature but many people will disagree about that..

it's possible in my opinion , bitcoin could replaces real physical money soon or later in the future , just like we think debit card or credit card in 80's ago is not possible to happened, look at now debit card / credit card everywhere.
it's just the matter of time people coming to try and use bitcoin , and feel the advantages that they achieved.

arent we digital practically already?

I mean heck, most of us use credit cards that we barely see the physical money until its time to pay up at the end of the month.

And theres a option it goes out of the same checkings account so you really dont see it unless you want to..

[avw1982]

It cant replace fiat,the printed money will become digital,as bitcoin is full digital already,soo fiat will be able only online,with cards and instant transfern will happen,bitcoin will belong ton that period of full digital.

Yeah, bitcoin can't replaces the money. But bitcoin can go along with money. The price of bitcoin is also depend on fiat though. So i think both already good in their own ways.

Even I agree that,But replacement in the sense It will replace International transaction and this bitcoin will help more to common people who is not able pay to many taxes and other hidden charges. Instead of saving separate country banking system which have link International reserve banking system will get damage because of bitcoin transaction method. That’s why government is not allowing bitcoin.

[BruceLee007]

Now in some places to buy goods directly can use bitcoin, how to conduct transactions directly using bitcoin? Because I place no purchases using bitcoin.

Nowadays has developed, which initially buy goods directly can only be used with the currency and credit cards, and can now use bitcoin although only in some places. Is it possible that the next few years means of exchange for transactions money initially turned into bitcoin?

What do you think about this?

yes i think that it may happen in near future, like 20-30 years, bitcoin could change real money, that would be really awesome for bitcoin and for all bitcoin users now because price would rise for sure, so even more people would agree to change currency to bitcoins

[italianobitcoin]

Bitcoin will not replace money later. Money is really important for the most people, they dont even know how Bitcoin works.
So first you must learn them how to use it, and some also dont trust it and that is also very bad.
I think that Bitcoin will be more popular in the future, but it needs time.

[Ryananda]

Bitcoin will not replace money later. Money is really important for the most people, they dont even know how Bitcoin works.
So first you must learn them how to use it, and some also dont trust it and that is also very bad.
I think that Bitcoin will be more popular in the future, but it needs time.

Yes I think you have a point that bitcoin will not be able to replace the money although bitcoin was during the good it will never happen.

[richmcrich]

I think it can happen "i.e bitcoin replacing USD and becoming money itself" but won't be any easy project, With how currencies already have there ground bitcoin would need to prove it's usefulness to get a chance at becoming "money".

[KennyR]

I think it can happen, If bitcoin keeps growing stably and steadily then it can at sometime get enough mainstream adoption to replace money, I don't think this is moving forward this rapidly though.

Bitcoin won't make money get vanished away. Only if bitcoin digitalization takes place only the usage of money get reduced.

[bankingbtc]

Now in some places to buy goods directly can use bitcoin, how to conduct transactions directly using bitcoin? Because I place no purchases using bitcoin.

Nowadays has developed, which initially buy goods directly can only be used with the currency and credit cards, and can now use bitcoin although only in some places. Is it possible that the next few years means of exchange for transactions money initially turned into bitcoin?

What do you think about this?

it will happen some day i think, just it will take much more than few years, it will take atleast 25 years

and that would be amazing because bitcoin is popular now so if it will be popular enough to replace fiat, price will be pretty high, like 10 000$/bitcoin

[Ryananda]

Now in some places to buy goods directly can use bitcoin, how to conduct transactions directly using bitcoin? Because I place no purchases using bitcoin.

Nowadays has developed, which initially buy goods directly can only be used with the currency and credit cards, and can now use bitcoin although only in some places. Is it possible that the next few years means of exchange for transactions money initially turned into bitcoin?

What do you think about this?

it will happen some day i think, just it will take much more than few years, it will take atleast 25 years

and that would be amazing because bitcoin is popular now so if it will be popular enough to replace fiat, price will be pretty high, like 10 000$/bitcoin

I was a bit dubious in fact if bitcoin will replace the money. I think whether bitcoin could replace the money in the transaction process? By directly or indirectly. But I'm sure with time during the bitcoin will thrive.

[avikz]

I doubt it would ever happen. Bitcoin will always be an alternate way to receive money which is not regulated but fiat is regulated and legal.

Bitcoin is an avenue using which you can save money or transact but it is not backed by any real tangible asset. On the other hand, fiat is back by some real asset which is trusted by general people. So bitcoin will never be able to replace fiat.

But if you want to make it big during your retirement, start accumulating bitcoin. 

[trenchflaint]

Now in some places to buy goods directly can use bitcoin, how to conduct transactions directly using bitcoin? Because I place no purchases using bitcoin.

Nowadays has developed, which initially buy goods directly can only be used with the currency and credit cards, and can now use bitcoin although only in some places. Is it possible that the next few years means of exchange for transactions money initially turned into bitcoin?

What do you think about this?

it will happen some day i think, just it will take much more than few years, it will take atleast 25 years

and that would be amazing because bitcoin is popular now so if it will be popular enough to replace fiat, price will be pretty high, like 10 000$/bitcoin

I was a bit dubious in fact if bitcoin will replace the money. I think whether bitcoin could replace the money in the transaction process? By directly or indirectly. But I'm sure with time during the bitcoin will thrive.

So far bitcoin is only use for transaction through the internet and still not used for daily commodities when the time comes that bitcoin can buy things outside the internet maybe then bitcoin can replace money.

[KennyR]

I think it can happen, If bitcoin keeps growing stably and steadily then it can at sometime get enough mainstream adoption to replace money, I don't think this is moving forward this rapidly though.

Bitcoin won't make money get vanished away. Only if bitcoin digitalization takes place only the usage of money get reduced.

Now currently only a small percentage of the population is using bitcoin for transaction purpose. As said above digitalization has the ability to increase the bitcoin use but never replace money.

[Kollor]

No it can't...even if bitcoin goes mainstream and been adopted by many countries, the change of replacing money is still very small..It's like dreaming of something  unbelievable to happen, that's too ambitious....It's good enough for bitcoin to be  recognized as currency..

[stromma44]

Bitcoin is also a form of money where we can convert it to fiat, but I don't think that bitcon can ever replace a fiat currency, as fiat is the basic necessity of majority of the people.