Could Bitcoin ever replace conventional money?

[wail3Bahwu]

Could Bitcoin ever replace conventional money?

it can replace our global paying but we will keep using cash and cards to buy/sell daily things.

it is hard to say will replace total conventional money

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[Zabrielle]

Could Bitcoin ever replace conventional money?

I guess not because there are 3rd world countries that need a conventional money. There are countries cant relate to this. Most people need cash because it is the means of buying things. For me cash money will stay and it cant be replaced. Although bitcoin is another way or another currency to use for buying and purchasing.  As i said before  bitcoin is like a credit card to use in purchasing online. In some countries they are not totally aware how to use interney so i guess bitcoin will not work to them.

[BelieveInBTC]

Bitcoin has a huge chance to replace conventional money. I'm tired of using cash but I also don't like the idea of moving all my money to banks which can't guarantee me access to it whenever I want. More and more people are becoming aware of cryptocurrencies existence. It is a matter of time before we will use it for daily transactions.

[scanpay]

Bitcoin can only become an additional digital currency instead of credit cards, but cash will remain for an alternative payment option.

Could Bitcoin ever replace conventional money?

[ronremsey25]

Maybe not, because not all people have cryptocurrency like Bitcoin.And Bitcoin hasn't legalize in other countries. Maybe in the future we can buy things using Bitcoin but the conventional money will still exist. Because there are things that Bitcoin cant do unlike conventional money. You cant access your Bitcoin offline and it will be troublesome to old people that cant relate to the new technologies.

[spiritguardcharles]

 As for now I don't gurantee the concept of bitcoin replacing conventional money.However,there's still a slightest possibility to replace money for transactions of goods and services since it's part of the development of our technology.In other words it's a part of change that will greatly benefit humanity.Maybe,the application of this system will take a long period of time but when the time comes in the near future the system of paper money will surely disappear.

[jasonphilips]

yes there is a great possibility of it. As new cryptocurrencies are emerging, who knows which would be on top by end of 2018

[Dudeperfect]

No! Even after 50 years from now, there will be the people who will be using the traditional money. It is possible that the money will transform into a new optimized format as compared to that of today but system generated currency like fiat currency won't disappear as far as there is a system that is working on it to improve it in every time frame.

[proTECH77]

I don't think bitcoin can ever replace conventional money in the sense that, bitcoin and the usual traditional money are two distinct curriencies, which has different concepts and mode of operations.

[kyanscadiel]

Could Bitcoin ever replace conventional money?

first bitcoin is not a currency that is why it would be impossible for it to replace conventional money. Second, Bitcoin can be used as an asset to store value and hold for long term,  using bitcoin as a currency would be more difficult because of it's high transaction fee we cannot use it on our payment in a daily basis.

[safarabela]

Could Bitcoin ever replace conventional money?

it is unlikely that real money is replaced with bitcoin, of course the government will not allow it to happen.

[HiringYou]

No,I don't think that Bictoin will be able to replace conventional money.The main reason for this is the government acceptance . Bitcoin is decentralized in nature due to which government is not able to control the transactions made through Bitcoin .So government will not allow any such currency over which they have no control to over power conventional money .It is easy for people to use conventional money for their basic needs because unlike Bitcoin it does not require any sort of  internet connection. Moreover conventional money is a traditional form of currency and it is difficult for Bitcoin to earn that amount of trust which people have on conventional money.So I don't think it is possible .

[jsscswan]

Could Bitcoin ever replace conventional money?

For now Bitcoin can not replace conventional money at all, because currently the bitcoin price continues to fluctuate and each transaction is saddled with a sizeable amount. Maybe in the future the problem of transaction costs and bitcoin price fluctuations will be fixed, so it could be an option to replace conventional money position.

[JerryJam]

No bitcoin can not replace the usual money. At least in this form as it now exists. Bitcoin is difficult to obtain, it does not have a constant cost system and it is never finite. The currency currency certainly does not solve all the problems of humanity. But this is the first independent currency in the history of the existence of banknotes.

[s2sallbygrace]

Could Bitcoin ever replace conventional money?

I believe that will never happen. Simply because conventional money is what we use on our daily lives. We can use it everyday without paying any transaction fees just like Bitcoin. When we use bitcoin as payment on anything we purchase in the mall or at the grocery store it has a high transaction fee so we have to pay more than the price value of what we buy. That's the reason why bitcoin is impossible to replace conventional money.

[cutecute]

Could Bitcoin ever replace conventional money?

For me there's only a possibility that bitcoin can replace conventional money because some of our country did not approve or legalized bitcoin. Some store are not accepting bitcoin for paying their things and some bank didn't accept bitcoin as a money but for me there's a possibility in the future that bitcoin can replace it because many people loves or likes bitcoin.

[icoprofits]

Bitcoin Cryptocurrency and Blockchain will change the way of payments and storage of money and new economy for fiat money

[goodvibes05]

Could Bitcoin ever replace conventional money?

I'm afraid that will happen. Maybe not in the near future. For me, on my own opinion bitcoin can be use as an asset and not a replacement for Fiat money. Besides bitcoin is not legal yet and still many people or community that has no access on the internet where bitcoin technology.

[Mike Mayor]

Yes of course it will. If not Bitcoin then another crypto currency but one that bg is for sure, a digital currency will replace traditional money or do you expect to use paper forever? People are so silly. xP

Could Bitcoin ever replace conventional money?

I'm afraid that will happen. Maybe not in the near future. For me, on my own opinion bitcoin can be use as an asset and not a replacement for Fiat money. Besides bitcoin is not legal yet and still many people or community that has no access on the internet where bitcoin technology.

Bitcoin is legal what on Earth are you saying? A community without internet won't be able to do banking transactions either.....

[lilinatation]

Bitcoin will never be used by governments. They will create their own crypto if they had to go in the blockchain.