severaldetails
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September 29, 2016, 08:10:30 AM |
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I don't think bitcoin will replace the fiat money but... in future will have more popularity and more people being attracted for cryptos because they give the oportunity to make some thing that fiat don't that why i guess bitcoin is very popular rigth now
I don't see that happening either. People have to be persuaded to use bitcoin, but for most of them fiat money is sufficient enough for what they are doing. They see no reason why to try something like bitcoin, when their old way of handling money just works fine. Besides, using bitcoin needs some technical interest of the people, I think a lot of them do not have that.
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Xester
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September 29, 2016, 08:26:20 AM |
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I don't think bitcoin will replace the fiat money but... in future will have more popularity and more people being attracted for cryptos because they give the oportunity to make some thing that fiat don't that why i guess bitcoin is very popular rigth now
Me either. I do not think that it can and will replace fiat currency. People are more familiar with fiat currency and there is no hard time to use it. Also there is no electricity, computer, internet connection, and password needed to complete a transaction of buying things on the store or supermarket. But like what you said it could be possible but not as of the moment and not so soon. It will take time for it to happen. But it could be possible.
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freedomgo
Legendary
Online
Activity: 3192
Merit: 1152
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September 29, 2016, 08:34:05 AM |
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I don't think bitcoin will replace the fiat money but... in future will have more popularity and more people being attracted for cryptos because they give the oportunity to make some thing that fiat don't that why i guess bitcoin is very popular rigth now
Me either. I do not think that it can and will replace fiat currency. People are more familiar with fiat currency and there is no hard time to use it. Also there is no electricity, computer, internet connection, and password needed to complete a transaction of buying things on the store or supermarket. But like what you said it could be possible but not as of the moment and not so soon. It will take time for it to happen. But it could be possible. Even how good bitcoin features is but with lack of support by the government it will only be limited to a certain number of people, when the government sees this is a threat to them which is really a big threat due to some tax issue, they can declare this as illegal and we know how government can make things possible.
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arseaboy
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September 29, 2016, 08:38:55 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.
it can actually happen and it will most probably happen in the near future, we just need to wait for a while Why we need to wait? Do you think all people like the idea? And no it can't happen in the future. No way that bitcoin can support all people in the world. Don't expect that all the people has the capacity to understand bitcoin and even if they understand but not on their interest to use it, you cannot force them to use, they are already satisfied with paper money so they will stick to it. thats right there are already established country that wont allowed this since they already satisfied by what they have using and we cant convinced them even bitcoin will be more popular in the whole wide web adoption cant be done for those who dont want it.
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X-ray
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September 29, 2016, 08:42:40 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.
it can actually happen and it will most probably happen in the near future, we just need to wait for a while Why we need to wait? Do you think all people like the idea? And no it can't happen in the future. No way that bitcoin can support all people in the world. Don't expect that all the people has the capacity to understand bitcoin and even if they understand but not on their interest to use it, you cannot force them to use, they are already satisfied with paper money so they will stick to it. for now it's right, so many people just want to use what they're knowing and not going to move to another currency until government force them and as human it's just an usual thing,although there's still bunch of people in this world that didn't even know about internet
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Mastsetad
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September 29, 2016, 08:48:28 AM |
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I don't think bitcoin will replace the fiat money but... in future will have more popularity and more people being attracted for cryptos because they give the oportunity to make some thing that fiat don't that why i guess bitcoin is very popular rigth now
The popularity of bitcoin is nothing compared to the popularity of fiat, and the popularity of bitcoin is because as you said it fluctuates and that can generate profits for someone who invests but if it moves in a positive way, if it moves negatively then it can be a disaster for the investors.
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Shinseiten
Newbie
Offline
Activity: 38
Merit: 0
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September 29, 2016, 09:39:19 AM |
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Fiat are, in various ways, the center of our nation's power. Losing control on something for them is really bad because it lowers their power. Figures THIS kind of power.
And honestly, I don't even know if the future will be "bitcoin" or another cryptocurrency. I don't have any idea how it will be possible to solve the problem of the centralization and complexity of the blockchains...
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Carlsen
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September 29, 2016, 10:14:04 AM |
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Fiat exists for thousnads of years, bitcoin maybe for a decade. It is way too early to award bitcoin to the same level as a fiat. And one day all bitcoins will be mined, I do not think that something similar can happen to fiat. So from how I see it bitcoin won't be able to replace money.
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gigi160303
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September 29, 2016, 11:33:23 AM |
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Bitcoin instead of money, as of now, it sounds ridiculous, but we can't predict the future, perhaps ten years after twenty years, more and more people know the use of bitcoin, bitcoins, then it will become a reality
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Ryananda (OP)
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September 29, 2016, 01:03:25 PM |
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Bitcoin instead of money, as of now, it sounds ridiculous, but we can't predict the future, perhaps ten years after twenty years, more and more people know the use of bitcoin, bitcoins, then it will become a reality
Yes bitcoin might not be able to replace the money. Although bitcoin will develop it will not be able to replace the money because it is not as currency bitcoin, but digital currency that can only be used online.
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Harlot
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September 29, 2016, 02:17:15 PM |
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Bitcoin instead of money, as of now, it sounds ridiculous, but we can't predict the future, perhaps ten years after twenty years, more and more people know the use of bitcoin, bitcoins, then it will become a reality
Yes bitcoin might not be able to replace the money. Although bitcoin will develop it will not be able to replace the money because it is not as currency bitcoin, but digital currency that can only be used online. It is not bad to be optimistic about the Bitcoin's future but we need to face the reality, in order for Bitcoin to support the entire world I think 21,000,000 is not enough for us 6 Billion and counting living in Earth, also many people will take advantage of hoarding Bitcoin for its price to get up and also Bitcoin's price has a fiat value equivalent what will happen if they demonetized fiat currency? My guess that it will create chaos not only in it's price but also everything that revolves around money.
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mastica
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September 29, 2016, 02:33:19 PM |
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Bitcoin could replace, but the price of 1 single bitcoin would have to be maybe 200k dollars as the global economy is quite high compared to bitcoin value, anyway would be funny to see 0,001 worthing near 1 milion or more. But bitcoin at this stage cant replace the fiat, because the decentralization, a new bitcoin can be built controlled by all the countries.
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marcuslong
Legendary
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Activity: 1036
Merit: 1002
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September 29, 2016, 02:53:16 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?
How dare you to ask something like that ofcourse bitcoin will never place money at all money it our sign that we are still using it for daily lives and it is a symble of what country we are we and it can really exchange with another currency like EURO to USD and many more.
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agustina2
Legendary
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Activity: 2436
Merit: 1008
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September 29, 2016, 05:37:51 PM |
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Bitcoin instead of money, as of now, it sounds ridiculous, but we can't predict the future, perhaps ten years after twenty years, more and more people know the use of bitcoin, bitcoins, then it will become a reality
Yes bitcoin might not be able to replace the money. Although bitcoin will develop it will not be able to replace the money because it is not as currency bitcoin, but digital currency that can only be used online. It is not bad to be optimistic about the Bitcoin's future but we need to face the reality, in order for Bitcoin to support the entire world I think 21,000,000 is not enough for us 6 Billion and counting living in Earth, also many people will take advantage of hoarding Bitcoin for its price to get up and also Bitcoin's price has a fiat value equivalent what will happen if they demonetized fiat currency? My guess that it will create chaos not only in it's price but also everything that revolves around money. Sometimes those bitcoin lovers are dreaming too much. Im a bitcoin lover too but not to the point that I will take my desire to an unexplanable one. Never seeing such valid point why other people agrees that fiat money today can be replaced.
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vero
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September 29, 2016, 06:47:00 PM |
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Bitcoin instead of money, as of now, it sounds ridiculous, but we can't predict the future, perhaps ten years after twenty years, more and more people know the use of bitcoin, bitcoins, then it will become a reality
Yes bitcoin might not be able to replace the money. Although bitcoin will develop it will not be able to replace the money because it is not as currency bitcoin, but digital currency that can only be used online. It is not bad to be optimistic about the Bitcoin's future but we need to face the reality, in order for Bitcoin to support the entire world I think 21,000,000 is not enough for us 6 Billion and counting living in Earth, also many people will take advantage of hoarding Bitcoin for its price to get up and also Bitcoin's price has a fiat value equivalent what will happen if they demonetized fiat currency? My guess that it will create chaos not only in it's price but also everything that revolves around money. Sometimes those bitcoin lovers are dreaming too much. Im a bitcoin lover too but not to the point that I will take my desire to an unexplanable one. Never seeing such valid point why other people agrees that fiat money today can be replaced. yeah correctly there is no point for dreaming bitcoin can replace money. why we not push bitcoin as a investment option even hard to replace gold as the best investment but i think this thing more relevant.
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Mersedes
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September 29, 2016, 08:10:06 PM |
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Even if bitcoin takes the leading position that still need to be put to use some of the items that will serve as a "mediator" in the exchange. Today it is the paper money of any currency.
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Iceborn
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September 29, 2016, 09:04:21 PM |
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Maybe in the far future its possible for the bitcoin to take over the world and let everyone use it to pay things in physical stores. If that would happen it could replace the whole money system without any doubts.
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lister storm
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September 29, 2016, 10:59:34 PM |
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Bitcoin instead of money, as of now, it sounds ridiculous, but we can't predict the future, perhaps ten years after twenty years, more and more people know the use of bitcoin, bitcoins, then it will become a reality
Yes bitcoin might not be able to replace the money. Although bitcoin will develop it will not be able to replace the money because it is not as currency bitcoin, but digital currency that can only be used online. It is not bad to be optimistic about the Bitcoin's future but we need to face the reality, in order for Bitcoin to support the entire world I think 21,000,000 is not enough for us 6 Billion and counting living in Earth, also many people will take advantage of hoarding Bitcoin for its price to get up and also Bitcoin's price has a fiat value equivalent what will happen if they demonetized fiat currency? My guess that it will create chaos not only in it's price but also everything that revolves around money. Sometimes those bitcoin lovers are dreaming too much. Im a bitcoin lover too but not to the point that I will take my desire to an unexplanable one. Never seeing such valid point why other people agrees that fiat money today can be replaced. i love bitcoins too and i dont expect its price to go too much up or replace dollar because i know that it is impossible
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Ziskinberg
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September 30, 2016, 12:55:32 AM |
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Bitcoin instead of money, as of now, it sounds ridiculous, but we can't predict the future, perhaps ten years after twenty years, more and more people know the use of bitcoin, bitcoins, then it will become a reality
Yes bitcoin might not be able to replace the money. Although bitcoin will develop it will not be able to replace the money because it is not as currency bitcoin, but digital currency that can only be used online. It is not bad to be optimistic about the Bitcoin's future but we need to face the reality, in order for Bitcoin to support the entire world I think 21,000,000 is not enough for us 6 Billion and counting living in Earth, also many people will take advantage of hoarding Bitcoin for its price to get up and also Bitcoin's price has a fiat value equivalent what will happen if they demonetized fiat currency? My guess that it will create chaos not only in it's price but also everything that revolves around money. Sometimes those bitcoin lovers are dreaming too much. Im a bitcoin lover too but not to the point that I will take my desire to an unexplanable one. Never seeing such valid point why other people agrees that fiat money today can be replaced. i love bitcoins too and i dont expect its price to go too much up or replace dollar because i know that it is impossible It's good to be optimistic but not too realistic, even bitcoin will become so popular it cannot compete with dollars which is a very strong currency and not will even happen in the future.
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milewilda
Legendary
Offline
Activity: 3206
Merit: 1146
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September 30, 2016, 02:42:59 AM |
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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.
You are right, bitcoin will never replace fiat money in any country in this world, it will never happen. The best thing for bitcoin is to be an alternative payment for internet trading for people in around the world. Yes and thats the bitcoin limitation which it could be used only on online transaction it may used for some countries by currency itself but it wont spread or adopt all over the world and also bitcoin is dependent on the value of fiat, If he could surpass it maybe it would control but it wont happen anytime soon.
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