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DeDordtenaar
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April 16, 2016, 11:07:06 PM |
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Honestly I do not see this happen because the fact is that the currency's from now EUR/USD are just too big to take over by the bitcoin.
I think the bitcoin can grow a lot and can achieve a lot but it will never replace the normal currency's in my eyes.
Bitcoin will be replacing the money soon. And i am saying because of the current price of this coin and the interest and popularity it is getting these days. if viewed from the price I do not think bitcoin would defeat and replace the dollar. because there are other things that have a higher price than bitcoin namely gold. bitcoin need a higher price and more popular to be able to replace the dollar |
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Ryananda (OP)
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April 17, 2016, 04:41:43 AM |
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Honestly I do not see this happen because the fact is that the currency's from now EUR/USD are just too big to take over by the bitcoin.
I think the bitcoin can grow a lot and can achieve a lot but it will never replace the normal currency's in my eyes.
Bitcoin will be replacing the money soon. And i am saying because of the current price of this coin and the interest and popularity it is getting these days. if viewed from the price I do not think bitcoin would defeat and replace the dollar. because there are other things that have a higher price than bitcoin namely gold. bitcoin need a higher price and more popular to be able to replace the dollar Absolutely bitcoin should have high prices because they have bersetara with the money if you want to replace the money. But I think is very difficult because bitcoin is very difficult to replace the money in my opinion. |
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faridkifly
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April 17, 2016, 12:03:24 PM |
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in my opinion there's no possibilities. because the money will still be money. there will be no substitute for "real money" even if the technology and the times forced to use a "digital currency" or something. for example, is now, in this modern era there are still many people who use real money.  |
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Note_spark
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April 17, 2016, 01:45:19 PM |
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Naah, i think it won't. There are still many third world countries where the technology are left behind. And can't even afford to buy phones or pay internet provider. They will still depend on Fiat. Even in our country we still need to convert bitcoin to fiat to use it. There are not much stores accept bitcoin here. That's why it can't.
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CryingMidget
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April 17, 2016, 01:56:40 PM |
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Naah, i think it won't. There are still many third world countries where the technology are left behind. And can't even afford to buy phones or pay internet provider. They will still depend on Fiat. Even in our country we still need to convert bitcoin to fiat to use it. There are not much stores accept bitcoin here. That's why it can't.
Bitcoin will only replace fiat if you are making it happen yourself. The governments will never do this because they have no control over bitcoin at all. Therefore they will never replace fiat with bitcoin. Only you can change what currency you prefer and what you're going to pay with. |
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1Referee
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Activity: 2170
Merit: 1427
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April 17, 2016, 02:05:28 PM |
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Naah, i think it won't. There are still many third world countries where the technology are left behind. And can't even afford to buy phones or pay internet provider. They will still depend on Fiat. Even in our country we still need to convert bitcoin to fiat to use it. There are not much stores accept bitcoin here. That's why it can't.
Bitcoin will only replace fiat if you are making it happen yourself. The governments will never do this because they have no control over bitcoin at all. Therefore they will never replace fiat with bitcoin. Only you can change what currency you prefer and what you're going to pay with. We don't need to wait for Bitcoin to replace fiat, and we must not want this to happen. If Bitcoin comes too close to fiat currencies, then the governments will do everything to limit Bitcoin usage. And I'm not talking about the current "bans" and restrictions. They will force all banks to permanently stop accepting Bitcoin related transactions. Let Bitcoin grow and stay an alternative currency. That's how it should be. |
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adomers
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April 17, 2016, 03:50:22 PM |
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Money can't get replaced by any digital currency, as people are using fiat currency since its inception and they are used to fiat currency, and part of the world is not aware about bitcoins
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Corenin
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April 17, 2016, 04:42:09 PM |
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Money can't get replaced by any digital currency, as people are using fiat currency since its inception and they are used to fiat currency, and part of the world is not aware about bitcoins
Its hard to believe that money can get replaced by bitcoin in future, people from poor countries will continue to use fiat as they find it easy and simple to use. |
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matete
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=> Buying Bitcoins Everyday !
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April 17, 2016, 04:51:03 PM |
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With the uncertainties surrounding crypto-currency, I think bitcoin will never replace fiat. Bitcoin is becoming popular day by day but money has been around for a very long time. There are certain cases where bitcoin cannot be used to transact business. Therefore, one will need to use cash or any other method to carry out the transaction.
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Vaskiy
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Tontogether | Save Smart & Win Big
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April 17, 2016, 05:18:24 PM |
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Money can't get replaced by any digital currency, as people are using fiat currency since its inception and they are used to fiat currency, and part of the world is not aware about bitcoins
As you said most of the people around the world are unaware of bitcoin. My opinion is that real money can never be replaced by bitcoin as people from developing countries finds it difficult to make transactions using bitcoin. |
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richmcrich
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April 18, 2016, 08:04:53 AM |
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Bitcoin will not replace money as you can see you know that the value is not even rising now so there are also not that many people that is now using Bitcoin.
There are also a lot of people that dont even know how Bitcoin works and that is bad so it will be not possible.
I think the ideal case for bitcoin is to be known as a virtual currency, a tool for exchange in internet environment but I am not sure if it riches to that state soon. Bitcoin will replace the Fiat money but it needs some time for this. You can not disapper the physical money so easily as it is trusted all over the world for more than centuries of years. |
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senyorito123
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April 18, 2016, 12:49:10 PM |
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Bitcoin will not replace money as you can see you know that the value is not even rising now so there are also not that many people that is now using Bitcoin.
There are also a lot of people that dont even know how Bitcoin works and that is bad so it will be not possible.
I think the ideal case for bitcoin is to be known as a virtual currency, a tool for exchange in internet environment but I am not sure if it riches to that state soon. Bitcoin will replace the Fiat money but it needs some time for this. You can not disapper the physical money so easily as it is trusted all over the world for more than centuries of years. I think bitcoin will never ever replace any other currency existing all of the existiNg curriencies are strong and well establish and many people will surely not replace it for bitcoin only. We never knew what happen to bitcoin in future and many people will think its not safe or difficulty to decide if they will stake for bitcoin. |
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adomers
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April 18, 2016, 01:23:15 PM |
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not going to happen that easily. Many people dont even know what Bitcoins is and what you can do with Bitcoin. But its hard to explain to older people what Bitcoin is.
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sured44
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April 18, 2016, 01:30:29 PM |
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Governments never support bitcoins and they never want that any crypto should replace the paper money as Governments holds control over the paper money
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ajun96
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April 18, 2016, 01:50:24 PM |
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Impossible for bitcoin cause if you will ask somebody about bitcoin, 50% wil answer no. Other 50% will answer yes, but not everybody want to change current money.
perhaps even worse than that dude bitcoin users currently have very little if compared to the total world population. probably only about 1%. so when you ask around you about bitcoin 99% of people would say that. they do not know about bitcoin. so it will be difficult for bitcoin to replace the dollar |
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martinacar
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April 18, 2016, 02:06:08 PM |
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Impossible for bitcoin cause if you will ask somebody about bitcoin, 50% wil answer no. Other 50% will answer yes, but not everybody want to change current money.
perhaps even worse than that dude bitcoin users currently have very little if compared to the total world population. probably only about 1%. so when you ask around you about bitcoin 99% of people would say that. they do not know about bitcoin. so it will be difficult for bitcoin to replace the dollar Indeed, its the fact that the bitcoin is just too small right now and the dollar is still way too big, the bitcoin cannot just take over the dollar. Too many people are also depending on the dollar and as a example elderly would never step over in my eyes. |
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sidrab14
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April 18, 2016, 02:12:07 PM |
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Bitcoin have replaced the function of money for me. now 50% of my financial transactions using bitcoin. ranging from paying electricity, water, phone vouchers, electronic items and daily needs. for me bitcoin has replaced real money. bitcoin is the future for me.
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beduku22
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April 18, 2016, 02:17:11 PM |
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Don't know what future is hidding for us so bitcoin have a chance maybe 5% that is will replaces and for the programe the world need a revolution in economics so a digital money will be great.
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harizen
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April 18, 2016, 02:21:39 PM |
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If bitcoin will replace money then say R.I.P now to your hopes of high price exchanges of bitcoin and usd.
The only benefits that we will gain here is the system that bitcoin technology is giving us like anonymity (somehow), zero charge fees, no hassle transaction etc.
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umaOuma
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April 18, 2016, 02:27:22 PM |
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If bitcoin will replace money then say R.I.P now to your hopes of high price exchanges of bitcoin and usd.
The only benefits that we will gain here is the system that bitcoin technology is giving us like anonymity (somehow), zero charge fees, no hassle transaction etc.
Bitcoin will be widely used and accepted in future but it will be not that powerful that it can replace money very easily, people will continue to use fiat until they are comfortable with it. |
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