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Author Topic: Bitcoin replaces the money? Could happen?  (Read 85982 times)
dunfida
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August 31, 2016, 06:28:36 AM
 #1021

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.
I think bitcoin will always spread and grow. you do not be afraid if bitcoin not so well known in the world because it is the phase of the process of bitcoin. all need a process to reach the top level. including bitcoin. bitcoin they were 7 years old. would need more time to replace fiat money
Yes really bitcoin will grow better and I am sure there will be many people who started using bitcoin. Bitcoin will grow but it would not be able to replace the money. Although bitcoin grows money will not be replaced because money is the holder of the economic activity of a country that will not be replaced. Bitcoin only crypto so it is not possible to replace the money.

Agree, bitcoin is  just a crypto and cant  possible to replace fiat anytime soon because its been used on all economies of the world and also  bitcoin does rely on  fiat currency itself. BItcoin is a crypto currency and fiat is on physical world they are just different in some ways but both are very useful.

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August 31, 2016, 07:23:38 AM
 #1022

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.
I think bitcoin will always spread and grow. you do not be afraid if bitcoin not so well known in the world because it is the phase of the process of bitcoin. all need a process to reach the top level. including bitcoin. bitcoin they were 7 years old. would need more time to replace fiat money
Yes really bitcoin will grow better and I am sure there will be many people who started using bitcoin. Bitcoin will grow but it would not be able to replace the money. Although bitcoin grows money will not be replaced because money is the holder of the economic activity of a country that will not be replaced. Bitcoin only crypto so it is not possible to replace the money.

Agree, bitcoin is  just a crypto and cant  possible to replace fiat anytime soon because its been used on all economies of the world and also  bitcoin does rely on  fiat currency itself. BItcoin is a crypto currency and fiat is on physical world they are just different in some ways but both are very useful.
It is so funny that some people are thinking bitcoin can replace fiat, if they only know the total number of users of bitcoin then they will realize it is not possible, not even in the future. Currently, the users of bitcoin is not even 1% of the total population of the world.

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August 31, 2016, 07:31:45 AM
 #1023

of course it could happen, in my opinion bitcoins are going to become huge
Wow, you are too confident, bitcoin will never replace money or fiat because it is just an alternate currency, the currency of a certain state will be supported by every country, bitcoin will not even be legalize. The users of bitcoin is not really that huge so it is far from happening.
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August 31, 2016, 08:52:13 AM
 #1024

   People say here bitcoin is money, how can money replace money? This topic doesn't have sense, it's possible for one currency to dominate others, current situation tell us that dollar is dominant currency in this world, but we have other also strong currencies.
   Probably there will always be several good and strong currencies, digital currencies are not so strong right now, but with the time they will grow and be stronger and probably one day some crypto currency will dominate in this world.
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August 31, 2016, 08:54:19 AM
 #1025

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.



Yep, so many new technologies in a relatively short time span. Looking at history then yeah I'd think bitcoins could overtake but it's not that likely though I have to say.
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August 31, 2016, 09:47:22 AM
 #1026

i don't think that bitcoin will replace it but it will be one of main currencies
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August 31, 2016, 10:20:49 AM
 #1027

It could be happen if all people around the world know bitcoin and using bitcoins too. Because without people know about bitcoin, bitcoin will never replaces the money.
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August 31, 2016, 11:19:58 AM
 #1028

It could be happen if all people around the world know bitcoin and using bitcoins too. Because without people know about bitcoin, bitcoin will never replaces the money.
There wont be enought bitcoins to all people over the world. Small portion of bitcoin sure anybody can hold it, but bitcoin is the future, and may push the current printed money into a digital money and just, replace it wont never happen.
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August 31, 2016, 11:30:04 AM
 #1029

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.
I think bitcoin will always spread and grow. you do not be afraid if bitcoin not so well known in the world because it is the phase of the process of bitcoin. all need a process to reach the top level. including bitcoin. bitcoin they were 7 years old. would need more time to replace fiat money
Yes really bitcoin will grow better and I am sure there will be many people who started using bitcoin. Bitcoin will grow but it would not be able to replace the money. Although bitcoin grows money will not be replaced because money is the holder of the economic activity of a country that will not be replaced. Bitcoin only crypto so it is not possible to replace the money.

Agree, bitcoin is  just a crypto and cant  possible to replace fiat anytime soon because its been used on all economies of the world and also  bitcoin does rely on  fiat currency itself. BItcoin is a crypto currency and fiat is on physical world they are just different in some ways but both are very useful.
It is so funny that some people are thinking bitcoin can replace fiat, if they only know the total number of users of bitcoin then they will realize it is not possible, not even in the future. Currently, the users of bitcoin is not even 1% of the total population of the world.
If you say bitcoin users no more than 1% of the world population was wrong. I think bitcoin users now have grown dam may be around 12%. It is still a small number, but I'm sure to increase. But you really can not replace the bitcoin money, because money is needed by many people to deal directly. Although later bitcoin used as payment but the money still will be needed.
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August 31, 2016, 11:56:05 AM
 #1030


It is so funny that some people are thinking bitcoin can replace fiat, if they only know the total number of users of bitcoin then they will realize it is not possible, not even in the future. Currently, the users of bitcoin is not even 1% of the total population of the world.
If you say bitcoin users no more than 1% of the world population was wrong. I think bitcoin users now have grown dam may be around 12%. It is still a small number, but I'm sure to increase. But you really can not replace the bitcoin money, because money is needed by many people to deal directly. Although later bitcoin used as payment but the money still will be needed.
you're both wrong because your statement is unreasonable and can't be proven either,the amount of bitcoin users until now still can't be calculated as there's still no way to get the number because a person could possibly holding so many wallet,and the money can be replaced when the world will be digitalize and forcing people to use digital money in order to reduce logging in this planet

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August 31, 2016, 12:17:41 PM
 #1031

It could be happen if all people around the world know bitcoin and using bitcoins too. Because without people know about bitcoin, bitcoin will never replaces the money.
There wont be enought bitcoins to all people over the world. Small portion of bitcoin sure anybody can hold it, but bitcoin is the future, and may push the current printed money into a digital money and just, replace it wont never happen.

yes bitcoin will be not that powerful that it will hold an capacity to replace paper money, as paper money is too huge in terms of market cap and user bases and that is unlikely to happen.
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August 31, 2016, 12:27:03 PM
 #1032

It could be happen if all people around the world know bitcoin and using bitcoins too. Because without people know about bitcoin, bitcoin will never replaces the money.
There wont be enought bitcoins to all people over the world. Small portion of bitcoin sure anybody can hold it, but bitcoin is the future, and may push the current printed money into a digital money and just, replace it wont never happen.

yes bitcoin will be not that powerful that it will hold an capacity to replace paper money, as paper money is too huge in terms of market cap and user bases and that is unlikely to happen.

It maybe true that bitcoin will not replace paper money but we cannot say that bitcoin is not much powerful, bitcoin has a power that it is going to replace fiat from online businesses and a day will come that it will start to threat fiat in other international businesses.
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August 31, 2016, 01:25:28 PM
 #1033

..Probably there will always be several good and strong currencies, digital currencies are not so strong right now, but with the time they will grow and be stronger and probably one day some crypto currency will dominate in this world.

There are lots of factors to be considered before bitcoin can replace the fiat currencies.

So lots that we may go deeply into techninal aspects because that is not a joke. Also it's easy to say that bitcoin can dominate the world and only time will tell. Just because we are here in bitcoin and really absorbing all the benefits of using this currency, we can now expect a thing that is really unrealistic to happen.

Digital currencies are not fit for physical transactions in most of the cases as not all locations in the globe have the same status.

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August 31, 2016, 01:27:53 PM
 #1034

It could be happen if all people around the world know bitcoin and using bitcoins too. Because without people know about bitcoin, bitcoin will never replaces the money.
There wont be enought bitcoins to all people over the world. Small portion of bitcoin sure anybody can hold it, but bitcoin is the future, and may push the current printed money into a digital money and just, replace it wont never happen.

yes bitcoin will be not that powerful that it will hold an capacity to replace paper money, as paper money is too huge in terms of market cap and user bases and that is unlikely to happen.

It maybe true that bitcoin will not replace paper money but we cannot say that bitcoin is not much powerful, bitcoin has a power that it is going to replace fiat from online businesses and a day will come that it will start to threat fiat in other international businesses.

Bitcoin will be best online currency in future and it may also replace Paypal, but in physical world I think fiat and credit card will rule the world when it comes to offline shopping.

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August 31, 2016, 02:58:10 PM
 #1035

Bitcoin is still under development, so talking about overtaking the fiat could look foolish when you already know that this has taken place so recently...
I mean, it has only spent 5 - 6 years only, so why are you speculating with such over confidence that this will replace fiat???

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August 31, 2016, 03:08:36 PM
 #1036

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?
Well for me bitcoin will never reply money or digital currency because in every country we have difference money which is in every money are representing our country for Example USD representing the USA if bitcoin will replace money then how could we know which country it from? lets says that some store are going to accept bitcoin as a payment thats going to happen but it takes time nowadays here in my country we can now use our bitcoin wallet to pay our online bills
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August 31, 2016, 03:58:34 PM
 #1037

of course it could happen, in my opinion bitcoin is going to become huge and it might even replace all the other currencies in the future, it would be really cool
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August 31, 2016, 04:14:35 PM
 #1038

of course it could happen, in my opinion bitcoin is going to become huge and it might even replace all the other currencies in the future, it would be really cool
I disagree about bitcoin replacing money.  Though i believe in bitcoin, but things doesnt depend only on belief.  We still have society and government rule to follow.  And you know that government wants centralization so they have control on all things.  But bitcoin  is contradicting the idea because it is promoting decentralization.  So I think bitcoin unless approved by the government, will never replace money.
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August 31, 2016, 06:49:04 PM
 #1039

of course it could happen, in my opinion bitcoin is going to become huge and it might even replace all the other currencies in the future, it would be really cool

It is neither easy nor possible in the near future, it is going to become huge but only when it will have lots of attention towards it and gets started to be used as a global currency worldwide... So, till then, stop dreaming... Tongue

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September 01, 2016, 08:41:32 PM
 #1040

I believe that it is just a matter of time, to be honest. To understand it, you have to comprehend the fact that it can make things really easy and faster. And remember that there are already a lot of different BTC debit cards available for use.
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