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Seansky
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September 27, 2016, 09:43:08 AM |
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Bitcoin replacing fiat is like a crazy dream but it can come true but with a very little probability. I said it since bitcoin is used for transactions in deepweb now mainly because it has a value right? Because of this reason, I can say that bitcoin's value also depends on fiat, and bitcoin replacing it is too good to be true but possible. Maybe that will happen in the future but the probability of it happening is 0.01% in my opinion.
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social crypto coin
Member
 Offline
Activity: 112
Merit: 10
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September 27, 2016, 09:48:38 AM |
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bitcoin can't replace real money
is very dificult very imposible can bitcoin replace and take over real money
bitcoin until now much country not regulated, not physic only digital curency
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BossMacko
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September 27, 2016, 10:00:11 AM |
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Bitcoin will not be able to replace the flat money in each country but instead i believe that bitcoin can be someday the number 1 virtual currency that will be use in buying goods, selling goods, transferring money , paying bills etc etc . What i mean is instead of using paypal, credit cards and other to buy goods etc etc they will use Bitcoin because of the fast transaction , low transaction fee . Unlike in the other you need to wait for the money to appear in your paypal, or cards to make sure that it was sent, in Bitcoin you just need to the transaction tix in process to give the goods.
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entrepmind23
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September 27, 2016, 10:12:46 AM |
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It could happen because anything is possible but it would be hard to implement it because there are so many people not updated with the high technology. In order to process payment with bitcoin as payment option then one has to have an electricity first and there are so many places that even don't have an electricity and if they don't have one how much more the technology or gadgets needed to process it. Besides, people are used to fiat as payment and when bitcoin replace it, it would be hard to adopt. Maybe the best option is for them to co exist as payment option and this is happening now.
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Ybalevia
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September 27, 2016, 11:34:37 AM |
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This is one thing that would never happen there are so many people who say bitcoins are more worth than just money and they are going to be replaced so i think no you are stupid more peopel has money thatn bitcoins.
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Altcoinmoney
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September 27, 2016, 12:03:12 PM |
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It could happen that the bitcoin will be such as big as the normal money cash but i dont think bitcoins can also replace the dollar and that is what i think about this all people has their own opinion and i think that is impossible.
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freedomgo
Legendary
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Merit: 1144
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September 27, 2016, 12:04:38 PM |
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Lol allot of peopel thinks this but how do you think bitcoin will replace the money peopel pay their bills with bitcoins lol i dont think so if this happends the world will collapse.
There is already some services and websites that are allowing their users to pay their bills with bitcoins so I guess that is nearly to come. And if you are a very techy person you will now that this is possible to happen because of the fast paced technology and environment that we are living today. It is will happen but not as of today. Exactly.. There were some company that uses bitcoin for their payment and transaction.. It's not impossible that time will come bitcoin will be use in so many transaction.. Let's just wait and see.. Bitcoin is getting known now. Yes. Instead of transacting by cash and the cash messanger is in danger always then just ise this method. It will be safer plus the messanger can do another job for just mails. Cash to cash messenger transaction are somehow rare to find these days because of fast pace technology era. As others said bitcoin would somehow make these kind of transactions fast and safe compared to the traditional ways but on claiming that bitcoin would replace fiat its impossible since bitcoin does depend on fiats value. That is the reality that needs to be explain to everyone here who are not thinking realistically, bitcoin will never be a major currency for the majority of people but only for the people who has interest to transact online for whatever purpose. You are right, bitcoins main purpose suppose to be would be in transfer thing since its the most convenient, fast and less fees when it comes to money transfer which is very helpful but the main point here is that bitcoin cant possibly replace fiat money in the long run. I believe bitcoin will be successful in the future but it is impossible for bitcoin to replace fiat, we need to understand that now. Although, bitcoin has a lot of potential but this is just certain coins that can be use for transfer online but never even in my dreams that it would replace fiat, because if that is what big businessman say we should be growing very fast and the price will react to that. |
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arseaboy
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September 27, 2016, 12:06:50 PM |
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It could happen that the bitcoin will be such as big as the normal money cash but i dont think bitcoins can also replace the dollar and that is what i think about this all people has their own opinion and i think that is impossible.
bitcoin can dominate the web but with regarding to replace dollar i think it wont happen. dollar already intact and its really establish. |
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danherbias07
Legendary
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Merit: 1119
Leading Crypto Sports Betting & Casino Platform
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September 27, 2016, 12:10:04 PM |
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Lol allot of peopel thinks this but how do you think bitcoin will replace the money peopel pay their bills with bitcoins lol i dont think so if this happends the world will collapse.
There is already some services and websites that are allowing their users to pay their bills with bitcoins so I guess that is nearly to come. And if you are a very techy person you will now that this is possible to happen because of the fast paced technology and environment that we are living today. It is will happen but not as of today. Exactly.. There were some company that uses bitcoin for their payment and transaction.. It's not impossible that time will come bitcoin will be use in so many transaction.. Let's just wait and see.. Bitcoin is getting known now. Yes. Instead of transacting by cash and the cash messanger is in danger always then just ise this method. It will be safer plus the messanger can do another job for just mails. Cash to cash messenger transaction are somehow rare to find these days because of fast pace technology era. As others said bitcoin would somehow make these kind of transactions fast and safe compared to the traditional ways but on claiming that bitcoin would replace fiat its impossible since bitcoin does depend on fiats value. With a poor country this still happens. Yes I do see it and one of my friend's job is like this. He is so scared sometimes whenever he is transporting a bag full of money to the other client. They say this is faster specially when the person that will collect it is just near the area. |
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Noctis Connor
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September 27, 2016, 01:42:42 PM |
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Definitely not bitcoin will never replace real money because for me bitcoin is just a money from the internet where we can earn it from internet right ? we can't just use it for physical things for buying items or anything we want i think if this could too then probably but not all the payment will not the real money.
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sim sim
Newbie
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Activity: 7
Merit: 0
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September 27, 2016, 02:36:14 PM |
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in present time it is not possible that bitcoin can replace fiat currency because all most all the people of the world are using fiat currency for buying and selling.
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phreaky
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September 27, 2016, 03:08:03 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. I don't think this is entirely true. If bitcoin does everything better than fiat then what is the motivation to keep fiat in the game? That's just extra administration and hassle for no reason if you can just go all in bitcoin instead of splitting up. |
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Ryananda (OP)
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September 28, 2016, 07:35:17 AM |
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in present time it is not possible that bitcoin can replace fiat currency because all most all the people of the world are using fiat currency for buying and selling.
Yeah because that is about the adoption of bitcoin and we can see that people are still lack of knowledge about bitcoin. But I guess this is going to happen in the future as many people wants to have convenient transactions and doesn't want to bring cash to their wallets. And the medium for having that is by using bitcoins in the future. But according to my bitcoin will not be able to replace the money because it was highly unlikely. Bitcoin is a digital currency, and will evolve as digital currency. To be able to make money bitcoin should be adopted by a government and should have a form that can be used directly to make it easier. |
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Mastsetad
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September 28, 2016, 07:47:26 AM |
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in present time it is not possible that bitcoin can replace fiat currency because all most all the people of the world are using fiat currency for buying and selling.
Yeah because that is about the adoption of bitcoin and we can see that people are still lack of knowledge about bitcoin. But I guess this is going to happen in the future as many people wants to have convenient transactions and doesn't want to bring cash to their wallets. And the medium for having that is by using bitcoins in the future. But according to my bitcoin will not be able to replace the money because it was highly unlikely. Bitcoin is a digital currency, and will evolve as digital currency. To be able to make money bitcoin should be adopted by a government and should have a form that can be used directly to make it easier. And if bitcoin gets in the hands of governments of each country then no doubt they will make it like the money we are using right now, taxes and other things would apply on bitcoins too and then there would be no use of bitcoin replacing the real money. |
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Lokfar
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September 28, 2016, 08:24:28 AM |
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Off course that wont happejn do you really think that the bitcoin can replace the money how would you think that would happen if everybody has money instyead of bitcoins.
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arseaboy
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September 28, 2016, 09:22:17 AM |
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Off course that wont happejn do you really think that the bitcoin can replace the money how would you think that would happen if everybody has money instyead of bitcoins.
in some aspects yes but in many cases it cant government wont allowed it as they want control over currency so it will be hard to do. |
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X-ray
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September 28, 2016, 09:37:24 AM |
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Off course that wont happejn do you really think that the bitcoin can replace the money how would you think that would happen if everybody has money instyead of bitcoins.
in some aspects yes but in many cases it cant government wont allowed it as they want control over currency so it will be hard to do. definitely right,the government will control everything in their region to stabilize the economy and not going just throw their control to this such currency except they can atleast control it,but bitcoin can't be controlled due to decentralized system and also the owner of the address can't be identified easily |
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Frodomaga
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September 28, 2016, 10:20:30 AM |
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Bitcoin will be more used in futere but not enough to replace dollar for example
It need time
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TastyChillySauce00
Legendary
Offline
Activity: 2982
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
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September 28, 2016, 11:19:02 AM |
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Bitcoin will be more used in futere but not enough to replace dollar for example
It need time
even it's about the time but if bitcoin just seems doesn't match well for offline condition and could potentially make transaction in offline mode / real world more complicated then waiting will be useless,from my opinion bitcoin actually only perfect for digital transaction nor offline transaction |
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Doamader
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September 28, 2016, 11:41:16 AM |
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Bitcoin will be more used in futere but not enough to replace dollar for example
It need time
even it's about the time but if bitcoin just seems doesn't match well for offline condition and could potentially make transaction in offline mode / real world more complicated then waiting will be useless,from my opinion bitcoin actually only perfect for digital transaction nor offline transaction Bitcoin isnt here to replace anything, and make all the system adapts the future, that i believe will be digital in something like 10-30 years from now. I would like to see where the governments are spending the money they take from my salarie, if they make a crypto coin we will be able to see what is happening instead being into the darkeness. |
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