BitHodler
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May 19, 2016, 07:42:11 PM |
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I don't think that is possible in future as paper money is the basic necessity of majority of people and they will continue to use it in future too.
Fiat will exist as long as the governments want it to last. Nothing can change that, even not Bitcoin. We have to accept it as there is no point in believing Bitcoin will ever replace fiat money.
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BSV is not the real Bcash. Bcash is the real Bcash.
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Bitcoinbro
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May 19, 2016, 10:32:53 PM |
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There is no chance that this will happen the dollar is too big to take over in my opinion and the dollar will also always be bigger than it in my eyes.
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blackmachinegun
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May 19, 2016, 10:48:18 PM |
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I don't think that is possible in future as paper money is the basic necessity of majority of people and they will continue to use it in future too.
I think the so-called money is not just about money but a whole ie fiat paper? is it possible bitcoin could replace fiat? I myself would very much doubt if paper money could be replaced Oleg digital money, especially fiat replaced by bitcoin? it was a very strange thing ?
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Nameless Coin
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May 20, 2016, 02:18:57 PM |
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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?
I think that it is not going to happen because there are so much different currencies in the world. almost every country has there own currency. It is possible for Bitcoin to take over one currency of on country but not all of them.
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eddyubachs
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May 20, 2016, 02:20:52 PM |
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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?
I think that it is not going to happen because there are so much different currencies in the world. almost every country has there own currency. It is possible for Bitcoin to take over one currency of on country but not all of them. Bitcoin will always be used as an alternate currency, it can never become a primary currency as there are people who will prefer to use fiat currency.
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crossabdd
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May 20, 2016, 02:30:36 PM |
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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?
I think that it is not going to happen because there are so much different currencies in the world. almost every country has there own currency. It is possible for Bitcoin to take over one currency of on country but not all of them. Bitcoin will always be used as an alternate currency, it can never become a primary currency as there are people who will prefer to use fiat currency. yeah this will never happen. fiat currencies always be primary and bitcoin only cryptocurrency. but bitcoin could become an alternative currency for the entire world in the future
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Dr.Osh
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Merit: 1004
PredX - AI-Powered Prediction Market
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May 20, 2016, 03:17:35 PM |
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There is no chance that this will happen the dollar is too big to take over in my opinion and the dollar will also always be bigger than it in my eyes.
so true. if bitcoin evolve, so will the dollar. I'm not sure that can replace the dollar despite bitcoin bitcoin has that potential. the dollar is always better than the bitcoin and other currencies, so maybe bitcoin could only card-shaped someday, and is used as an alternative payment, such as credit cards that can be done today
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Marbit
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May 20, 2016, 04:28:53 PM |
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No it will never happen.As you've mentioned about stores accepting bitcoins that is fine,we can even expect big players like Amazon or Ebay to star accepting bitcoins as an alternate paying method but they won't completely replace the fiat.The government will never allow that for obvious reasons.
But how about in some years in the future when people over the world using bitcoin then paper money will really left by people. the answer is really clear bitcoin will be main payment proceccor, but the chance of this thing to be happening is so small while government trying to banned bitcoin but beside of it all there's a chance Nice answer BTC will be main payment processor but it will take time although others currency value is below of bitcoin. If other currency replaces the money bitcoin should but its not like paper money.
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mark coins
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May 20, 2016, 04:32:01 PM |
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There is no chance that this will happen the dollar is too big to take over in my opinion and the dollar will also always be bigger than it in my eyes.
so true. if bitcoin evolve, so will the dollar. I'm not sure that can replace the dollar despite bitcoin bitcoin has that potential. the dollar is always better than the bitcoin and other currencies, so maybe bitcoin could only card-shaped someday, and is used as an alternative payment, such as credit cards that can be done today Exactly, and I think paper money will be always used by the people around the world in future even if the bitcoin hits the mainstream, fiat will be powerful too in future.
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RobinHoodster
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May 24, 2016, 07:58:27 AM |
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There is a possibility that this will happen although it will be very small, these days the normal currency's are still way bigger. I honestly believe in it but it will take a lot of years to achieve this.
This is never going to happen ever, there or so many different currencies in the world and for Bitcoin to take over everything is just not happening. Maybe they can take over some currencies but even that is a big task.
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yayayo
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May 24, 2016, 12:58:53 PM |
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Realistically it is unlikely - even in the best case scenario - that Bitcoin will ever fully replace all other forms of money. Though it's possible that it gains a dominant market share in the currency sector.
If you consider the usage of other new inventions versus their predecessor technologies you will notice that old technologies are never replaced entirely. You can still find places where you can ride on a horse buggy even though the automobile is available since more than 100 years.
When it comes to money, I think there will always be some use cases and/or regions where physical cash will remain the preferred method of payment. However that doesn't mean that Bitcoin can't be a huge success.
ya.ya.yo!
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Ryananda (OP)
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May 27, 2016, 02:08:37 AM |
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There is no chance that this will happen the dollar is too big to take over in my opinion and the dollar will also always be bigger than it in my eyes.
so true. if bitcoin evolve, so will the dollar. I'm not sure that can replace the dollar despite bitcoin bitcoin has that potential. the dollar is always better than the bitcoin and other currencies, so maybe bitcoin could only card-shaped someday, and is used as an alternative payment, such as credit cards that can be done today Exactly, and I think paper money will be always used by the people around the world in future even if the bitcoin hits the mainstream, fiat will be powerful too in future. Yeah maybe you're right, fiat will be strengthened as the development time. And it makes bitcoin could not compete with the money because the money is a necessity that must exist in every person.
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arwin100
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May 27, 2016, 07:04:27 AM |
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There is a possibility that this will happen although it will be very small, these days the normal currency's are still way bigger. I honestly believe in it but it will take a lot of years to achieve this.
This is never going to happen ever, there or so many different currencies in the world and for Bitcoin to take over everything is just not happening. Maybe they can take over some currencies but even that is a big task. Yeah thats not gonna happen thats a big dream for a crypto currency to fulfill i cant really imagine how could digital money can replace real physical money while bitcoins is anonymous it has no rule or law implemented about it and government wont allow someone will take over their physical money because it is their symbol of economic strength and bitcoin cannot give it to them, bitcoin really is not good idea to invest in the long run because we never knew what will happen to it in the future.
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Oscoda
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May 27, 2016, 07:28:37 AM |
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I don't think this is ever going to happen. Governments will continue to issue fiat, maybe we'll have one fiat for the entire world some time in the future, but I believe Bitcoin will continue to serve a niche.
Bitcoin will always be used as an alternate currency, even if it hits the mainstream there would be many people who will prefer to use fiat currency. It will not replace it but it will be the new and future payment method and that is because you already can see now that there are a lot of stores that is accepting Bitcoin now and that is nice. But you have to make it still more popular and that is important otherwise people will not know about it. It could replace online currency though; I prefer not to use a credit card at all and bitcoin is the perfect choice to avoid that; it’s annoying to pay the bank credit all the time just because you withdrew a certain amount of money from your card; I prefer a straight and simple transaction with no hidden fees. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) There is no hidden charges in credit card if you pay your bills regularly, so I don't think there is any issue in using credit card, as I think that is the best way for shopping and holding bitcoin for future. It will not replace the money and Bitcoin will be just another kind of money and that is really nice because more people will also get to know about it so that is nice. But it has also to be more worth soon in the future so we can have huge profit with it and that is perfect.
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Oralmat
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May 27, 2016, 04:20:35 PM |
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I don't think this is ever going to happen. Governments will continue to issue fiat, maybe we'll have one fiat for the entire world some time in the future, but I believe Bitcoin will continue to serve a niche.
Bitcoin will always be used as an alternate currency, even if it hits the mainstream there would be many people who will prefer to use fiat currency. I think we could use bitcoin as a currency in our country; watching my manager have stress because of the local currency rates fluctuating up and down really is concerning because we buy goods from our suppliers from overseas. Bitcoin could help solve the problem. This is the only currency which has the tendency to spread worldwide without any issues ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Bitcoinbro
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May 27, 2016, 09:00:50 PM |
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No I do not think this is gonna happen, other currency's are just way to big compared with other currency's in my eyes. This is just not possible and unrealistic.
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Corenin
Legendary
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May 27, 2016, 09:28:59 PM |
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No I do not think this is gonna happen, other currency's are just way to big compared with other currency's in my eyes. This is just not possible and unrealistic.
Bitcoin will be bigger in future for sure, but it don't hold that power to replace or disappear paper money, as paper money is still more popular everywhere.
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Ryananda (OP)
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May 28, 2016, 02:06:51 AM |
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No I do not think this is gonna happen, other currency's are just way to big compared with other currency's in my eyes. This is just not possible and unrealistic.
Bitcoin will be bigger in future for sure, but it don't hold that power to replace or disappear paper money, as paper money is still more popular everywhere. Yes probably right because bitcoin and money are very different and are not interconnected. Although bitcoin will be very advanced and developed in the future but will not affect any of that money.
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pearl11
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May 28, 2016, 02:39:03 AM |
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I think it will not happen, the popularity of paper money has pass through many centuries, and no other currency will ever replace it. Yes bitcoin is popular right now, but is it the base that we will replace our own paper money?
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Ryananda (OP)
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May 30, 2016, 07:44:33 AM |
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I think it will not happen, the popularity of paper money has pass through many centuries, and no other currency will ever replace it. Yes bitcoin is popular right now, but is it the base that we will replace our own paper money?
Yes it looks like bitcoin will not be able to replace the money for his own bitcoin has no form. Embodiment of a medium of exchange is money and digital currency bitcoin is and can only be used on the internet only.
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