Yakamoto
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August 08, 2016, 05:37:40 PM |
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again, it does not need tor eplace fiat money to be successful, why people always see all black or white
it can perfectly work in conjuction with it and be vastly adopted
Yes bitcoin does not need to replace fiats to get it's own future. Along with fiats there are big possibilities to become more successful in terms of value and user base, like people use fiats for some purpose and bitcoin for some other purpose like online transactions or as investments. Yes both dollars and bitcoin will exist and will serve the human beings with their own features. People may argue that bitcoin has all the features of fiat currencies. Then what is the need for fiats. But all the people in this world does not have knowledge on Internet and crypto-currencies. Yes, as long as all the people have knowledge on Internet and using of online currencies, there would be room for bitcoin and dollars to exist and to serve. Because unlike dollars, all the common people cannot use bitcoin suddenly. It requires at least one day of studying or guidelines about bitcoin system. yes that is right i have so many friend they are so much inspired by bitcoin that hey are now requesting me to teach them how to deal with bitcoin and how to invest their fiat money in bitcoin , similarly people are now getting awareness and hope that very soon the majority of the people will start using bitcoin. If you have friends and people willing to go and learn more about Bitcoin, that's a great thing and I hope that they have a good time learning and doing everything within the Bitcoin economy, but make sure that they're aware of the scams and everything that seem to be almost commonplace. Make sure to help them out and always answer whatever questions they have.
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serjent05
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August 08, 2016, 06:00:23 PM |
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I don't think bitcoin will ever replace fiat money. Yes it will never happen. There are several ground that needs to be considered before bitcoin can replace money. First it should be acknoledged by the government as currency. Second the environment should comply with the technical needs of Bitcoin to be implmented.
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newcoins1978
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August 08, 2016, 06:53:16 PM |
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I do not think that it would be possible for Bitcoin to be able to replace money because Bitcoin is pretty new and they could not handle that many people. Replacing money is on a other level and Bitcoin needs to stay in its own lane.
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CryingMidget
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August 08, 2016, 07:00:23 PM |
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I do not think that it would be possible for Bitcoin to be able to replace money because Bitcoin is pretty new and they could not handle that many people. Replacing money is on a other level and Bitcoin needs to stay in its own lane.
Bitcoin is already a money, so it no need to replace it but I think bitcoin will not replace Dollar soon because there are a lot of people that is still using Dollar so you can replace it now around this time but of course there will be a time that it will replace Dollar but you dont know what kind of money because you are not sure if Bitcoin is doing well in the future.
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Xester
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August 09, 2016, 07:04:41 AM |
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It could happen but not sooner. It would take years should bitcoin will replace money, but many research and studies would be needed. Besides not all people know about the existence of bitcoin. It would be hard for people who were not exposed in using computers or not aware of what technology can do to us for now. Besides it is still more easier to use money on buying goods.
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Ryananda (OP)
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August 09, 2016, 12:44:30 PM |
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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.
Yes I agree with you. Bitcoin is not yet popular to other people as a money. Even our father or mother and grandparents would have never heard of about the bitcoin. In the future maybe as everything now is possible through technology. It would be more safe and comfortable having bitcoin as our money. Indeed bitcoin is still new and still need a good development in order to have a stable price. But it will not make bitcoin replace the money. Money will continue to get the heart in the community and money is legal tender and can be done directly. While bitcoin is growing bitcoin crypto although later it is only crypto. We will see many users getting into bitcoins in future but that doesn't mean they will stop using fiat currency as its a basic necessity of everyone and people will prefer to use both. Yes true in reality most users still bitcoin currency to exchange for using them. It's a small example that money will continue to be used. Money has an important role in the economy of a country that could not be replaced by bitcoin.
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airsounds
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August 09, 2016, 12:49:24 PM |
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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.
Yes I agree with you. Bitcoin is not yet popular to other people as a money. Even our father or mother and grandparents would have never heard of about the bitcoin. In the future maybe as everything now is possible through technology. It would be more safe and comfortable having bitcoin as our money. Indeed bitcoin is still new and still need a good development in order to have a stable price. But it will not make bitcoin replace the money. Money will continue to get the heart in the community and money is legal tender and can be done directly. While bitcoin is growing bitcoin crypto although later it is only crypto. We will see many users getting into bitcoins in future but that doesn't mean they will stop using fiat currency as its a basic necessity of everyone and people will prefer to use both. Yes true in reality most users still bitcoin currency to exchange for using them. It's a small example that money will continue to be used. Money has an important role in the economy of a country that could not be replaced by bitcoin. well money plays an important role though i think that the bitcoin might easily replace fiat in the future because it really its people for daily payments
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Crazygreek
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August 09, 2016, 02:47:45 PM |
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It's can happen for sure, goverments of many countries will not allow to bitcoin to become better, it's not profitable for them, but bitcoin can become legal currency somewhere and it's gonna be a big bang.
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CoinFoxs
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August 09, 2016, 03:07:05 PM |
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I do not think that it would be possible for Bitcoin to be able to replace money because Bitcoin is pretty new and they could not handle that many people. Replacing money is on a other level and Bitcoin needs to stay in its own lane.
Bitcoin is already a money, so it no need to replace it but I think bitcoin will not replace Dollar soon because there are a lot of people that is still using Dollar so you can replace it now around this time but of course there will be a time that it will replace Dollar but you dont know what kind of money because you are not sure if Bitcoin is doing well in the future. Yeah bitcoin is money but bitcoin is not accepted as dollar and other currencies are accepted in store, And op want to know about that bitcoin will replace other currencies or not ? Dollar is the currency that is accepted worldwide so if bitcoin will replace dollar then it takes very long time and bitcoin should be accepted anywhere in the world like dollar.
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CrimBit
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August 09, 2016, 04:35:40 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 bitcoin will replace old money system, because the bitcoin rate growing each year, and more newbie join everyday to know about bitcoin. in fact bitcoin have value, and im sure in future bitcoin can be 1st international currency
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Eidheen
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August 09, 2016, 07:13:49 PM |
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Bitcoin will be a strong currency in future for sure but I don't see it replacing fiat currency in future, almost majority of the population is dependent on fiat and they use it for their normal stuffs and those getting into crypto is something unbelievable.
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croutonhexagon
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August 10, 2016, 07:13:52 AM |
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No Bro It Never Possible that Bitcoins Replaces Currencies Because Bitcoin is a Crypto currency And It Never Replaces Fiat Currency.......
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JessicaSe
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August 10, 2016, 07:20:00 AM |
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No, I don't think so, both are form of money, and money can never replace other money, in fact both will travel the journey together in future too.
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Next BillG
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August 12, 2016, 06:17:35 PM |
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No, I don't think so, both are form of money, and money can never replace other money, in fact both will travel the journey together in future too.
The governments will like to use the fiat. They will want to borrow with the fiat, then inflate the debt away.
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lexuz
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August 12, 2016, 06:55:16 PM |
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This could happen, bitcoin can replace real money. because of technological advances is increasingly growing, many people take a short time to act. included in the payments and send money. first money for gold and other metals, there is now a form of paper money, there is also a form of debit card and credit card.
It's impossible even if the government recognizes bitcoin as a currency / legal payment but they will never erase fiat money if goverment do that is same like suicide.
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co5hike
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August 12, 2016, 07:00:58 PM |
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I don't think that bitcoin can ever replace money as bitcoin is still very new to many people and people who are used to fiat currency will continue with it.
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Matt Guy
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August 25, 2016, 10:20:39 PM |
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Anything is possible, I'm not saying that bitcoin will replace some old currency, but in ideal conditions, something like that can happen I suppose.
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dragunfly
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August 25, 2016, 11:11:46 PM |
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I don't think that bitcoin can ever replace money as bitcoin is still very new to many people and people who are used to fiat currency will continue with it.
it is really possible to be honest, i think that bitcoin is going to become huge, paper money is going to disappear in a few decades
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Doamader
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August 26, 2016, 12:04:18 AM |
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I don't think that bitcoin can ever replace money as bitcoin is still very new to many people and people who are used to fiat currency will continue with it.
it is really possible to be honest, i think that bitcoin is going to become huge, paper money is going to disappear in a few decades Be realistic bitcoin has supply limited, the current paper money is how countries control and act supporting or against people. And countries doesnt wanna bitcoin to let people choose to run from their control. Bitcoin has no power to replace anything, even the western union service that several people said it would close doors.
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adibe
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August 26, 2016, 12:07:42 AM |
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I don't think it could happen, because many people around the world still don't know about bitcoin. If all people know about bitcoin, i think bitcoin can replaces the money someday.
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