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Author Topic: Bitcoin replaces the money? Could happen?  (Read 85988 times)
harizen
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April 18, 2016, 02:39:14 PM
 #581

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.

Yes agree with that and that is really an obvious thing to happen. It's not the awareness that people didn't want to hugh the bitcoin system but many people feels comfortable when dealing with fiat which can access to even in an offline event.

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April 18, 2016, 07:56:18 PM
 #582

Governments never support bitcoins and they never want that any crypto should replace the paper money as Governments holds control over the paper money
If the people use bitcoin rather than a government currency then it's the demand, government can't stop them who use bitcoin and government never can control bitcoin.

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April 18, 2016, 08:26:22 PM
 #583

Governments never support bitcoins and they never want that any crypto should replace the paper money as Governments holds control over the paper money
If the people use bitcoin rather than a government currency then it's the demand, government can't stop them who use bitcoin and government never can control bitcoin.

People who believes in bitcoin are using it for sure and they dont care whether government will support it or not and the fact is government will never support bitcoin in future.
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April 18, 2016, 08:37:58 PM
 #584

I honestly think this is not gonna happen, the normal currency's are just too big to take over in my opinion.
Maybe if the normal currency's will get smaller its possible but I do not see this happen at all.
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April 18, 2016, 08:53:52 PM
 #585

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.
its good to hear that to be honest, in my life most transactions are for bitcoins too as i buy my food for a long time and i dont go shopping too often so i guess it would be like 70 per cent for bitcoins

i think that bitcoin might replace money in the future for sure as more and more people want to be independent from all the banks so they choose bitcoins because of that

 
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April 18, 2016, 10:19:28 PM
 #586

So , to make all or most of the people accept Bitcoin it takes a long time, but I'm not sure that Bitcoin will replace the money within 10 years , because there is still a lot of Bitcoin is updated . Of course, much has changed when it happens .
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April 19, 2016, 05:41:35 AM
 #587

Governments never support bitcoins and they never want that any crypto should replace the paper money as Governments holds control over the paper money
If the people use bitcoin rather than a government currency then it's the demand, government can't stop them who use bitcoin and government never can control bitcoin.

People who believes in bitcoin are using it for sure and they dont care whether government will support it or not and the fact is government will never support bitcoin in future.

I agree,the government will really not support bitcoin in any ways because its a competition to their money system.
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April 19, 2016, 05:53:19 AM
 #588

So , to make all or most of the people accept Bitcoin it takes a long time, but I'm not sure that Bitcoin will replace the money within 10 years , because there is still a lot of Bitcoin is updated . Of course, much has changed when it happens .

Bitcoin is not comtrolled by any third party, it is now around $450 for every single bitcoin. If anyone want to adopt bitcoin, they need to buy them. It is to pay off debt and inject into the economy to revive the economy, rather to buy bitcoin.
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April 19, 2016, 06:00:39 AM
 #589

Certainly not happen Money takes around from human being and never replaced
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April 19, 2016, 06:51:32 AM
 #590

If the world (entire) from north to south will cover with Wifii and other internet hot spot I think btc could replace easily the money....
But... firstly we need to change txs Cheesy because for each payment (also small) you can't spend to many money I guess....
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April 19, 2016, 07:55:43 AM
 #591

Certainly not happen Money takes around from human being and never replaced

You are right this could not happen because the fact is that the bitcoin is now still too small and the dollar way too big too take over.
There are too many people that are depending on the dollar.
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April 19, 2016, 08:53:04 AM
 #592

Governments never support bitcoins and they never want that any crypto should replace the paper money as Governments holds control over the paper money
If the people use bitcoin rather than a government currency then it's the demand, government can't stop them who use bitcoin and government never can control bitcoin.
Bitcoin will not replace money because as you can see now you see of course that it is becoming more popular but the value is also important and that is not high now so that is bad.
It will not replace it because as you can see you see that there are a lot of people is still using their money.
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April 19, 2016, 09:07:49 AM
 #593

Governments never support bitcoins and they never want that any crypto should replace the paper money as Governments holds control over the paper money
If the people use bitcoin rather than a government currency then it's the demand, government can't stop them who use bitcoin and government never can control bitcoin.
Bitcoin will not replace money because as you can see now you see of course that it is becoming more popular but the value is also important and that is not high now so that is bad.
It will not replace it because as you can see you see that there are a lot of people is still using their money.

Bitcoin IS money!!!
People can buy goods and services with Bitcoin, therefore it is money!
I know people who already get partly paid in Bitcoin by their employer, therefore Bitcoin is money!!
The difference is that that Bitcoin is decentralized and not government and bank controlled. Both types of money will exist!!That is what I think will happen.And more and more people will use Bitcoin beside their local state issued money.
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April 19, 2016, 09:08:56 AM
 #594

Governments never support bitcoins and they never want that any crypto should replace the paper money as Governments holds control over the paper money
If the people use bitcoin rather than a government currency then it's the demand, government can't stop them who use bitcoin and government never can control bitcoin.
Bitcoin will not replace money because as you can see now you see of course that it is becoming more popular but the value is also important and that is not high now so that is bad.
It will not replace it because as you can see you see that there are a lot of people is still using their money.

I agree,money is used by all the people in the world and people around the whole world doesnt know what bitcoin is and bitcoin is for the internet use a internet payment system.
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April 19, 2016, 10:26:46 AM
 #595

I agree,money is used by all the people in the world and people around the whole world doesnt know what bitcoin is and bitcoin is for the internet use a internet payment system.
Your right and people wants to use their own currency especially their government. I dont think government will allow btc as their main currency.

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April 19, 2016, 12:54:17 PM
 #596

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?

this will never happen fiat money will always be here, bitcoin will never be able to replace fiat money but bitcoin can become more popular than fiat money.

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April 19, 2016, 01:02:57 PM
 #597

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?

this will never happen fiat money will always be here, bitcoin will never be able to replace fiat money but bitcoin can become more popular than fiat money.

No matter how much I like to see Bitcoin get more popular than fiat money, I really don't think this will ever happen. Way too many people depend on fiat and don't know and probably will never know what Bitcoin really is.
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April 19, 2016, 01:10:01 PM
 #598

No this would never happen, real money has just been around for to long so being replaced is not a option. But Bitcoin does not need to Replace money in order to become big, it can do it on its own.
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April 19, 2016, 09:13:07 PM
 #599

Bitcoin IS money!!!
People can buy goods and services with Bitcoin, therefore it is money!
I know people who already get partly paid in Bitcoin by their employer, therefore Bitcoin is money!!

I know tweakers who get paid in meth. I guess that means meth is also money...
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April 19, 2016, 10:55:38 PM
 #600

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.
therefore bitcoin should be popular beforehand to be able to replace the dollar at least could be the currency most widely used if bitcoin not popular or mainstream would be very difficult for bitcoin to replace the dollar.
examples Current of bitcoin is not too popular. bitcoin certainly not proportional to the strength of the dollar
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