|
Jorge158
|
 |
January 17, 2018, 08:36:48 AM |
|
No i don't think it will but it will always go along with it. It will come to a time where Bitcoin will be more valuable though but conventional money will still be around.
|
|
|
|
|
haocoin
|
|
January 17, 2018, 08:50:28 AM |
|
I don't think so, because bitcoin is not accepted by most countries, there are some countries are banned bitcoin trading, in their view bitcoin is illegal.
|
|
|
|
|
lalabotax
Full Member
 Offline
Activity: 1540
Merit: 132
BK8 - Most Trusted Gambling Platform
|
|
January 17, 2018, 08:57:14 AM |
|
Could Bitcoin ever replace conventional money?
no, but has advantages and benefits rather than conventional money. Currently, virtual currency is busy in talks around the world. there are some countries that are frightened by the existence of crypto currency. but basically, bitcoin can provide many benefits to its users. |
|
|
|
jinxing
Member
Offline
Activity: 276
Merit: 11
|
|
January 17, 2018, 08:59:17 AM |
|
The lower middle class certainly will not agree the conventional money is replaced with digital money. I myself belong in that circle. I think digital money is practical but complicated for the exchange process. Maybe for the upper class it is very easy and practical. The government should pay more attention to the lower classes. So I think it could be bitcoin replaced conventional money provided the government facilitates pasilitas and how to use it
|
|
|
|
|
|
micher143
|
|
January 17, 2018, 09:03:42 AM |
|
No, I think that it can't. It could be used along with traditional money but it can't entirely replace it. Unfortunately bitcoin has to many issues, weeknesses and characteristics that don't allow it to be fully used and implemented in traditional financial system. Volatility is just one of them.
I agree that volatility of Bitcoin is one of the major concerned if people want to implement a system of transaction with the used or Bitcoin or any other form of cryptocurrency. I think the system of cryptocurrency currency is much more aligned to form an investment or a form of trading for people to earn rather than to be used on transactions but I do not disagree on the idea of having a Bitcoin on a daily base transaction because actually it is a good thing having a digital currency on transaction. |
|
|
|
|
|
greenbitsgm
|
|
January 17, 2018, 09:08:09 AM |
|
Maybe in the near future but not now,Bitcoin is a decentralized currency so no laws or policy of a government control them while conventional money or paper money is centralized and regulated...it is dependent on the gold reserve of a country.And i think it's still a long way before Bitcoin become a mode of payments for many establishment although a few businesses are already accepting Bitcoin but not reason enough to replace paper money and beside Bitcoin is dependent on internet which is still not accessible in remote areas so there will be limited user unlike conventional money which is used by everyone.
|
|
|
|
|
asdfbna
Member
Offline
Activity: 97
Merit: 12
|
|
January 17, 2018, 09:38:07 AM |
|
I think it is impossible, the traditional money has its advantages. Bitcoin is just a digital currency and is an investment choice.
|
|
|
|
|
wolf one
Member
Offline
Activity: 133
Merit: 22
|
|
January 17, 2018, 09:46:55 AM |
|
Bitcoin, after all, is a virtual digital cash, now the global comparison of bitcoin is not very recognized, to replace the traditional currency will take a long time.
|
|
|
|
|
|
adsadsx
|
|
January 17, 2018, 09:53:55 AM |
|
I don't think we can replace each other anytime soon. We can only learn from each other in the long term "coexistence and parallelism".
|
|
|
|
|
akhilsh6896
Newbie
Offline
Activity: 36
Merit: 0
|
|
January 17, 2018, 10:28:12 AM |
|
NEVER.
Anything could replace conventional money but there are things to consider such as...
1. Most important is the stability of its value unlike the commodity-based money like gold, copper, and silver.
2. It should be acceptable by everyone.
3. It allows people to buy products and services as they need.
|
|
|
|
|
|
Odora
|
|
January 17, 2018, 10:46:13 AM |
|
I think it is impossible, it is just a way of investing, and the price there is a big fluctuation. The transaction is slow and the process is hard to oversee and the government will not accept it.
I just think Bitcoin is not a good match in currency, it's better suited to being an investment instrument, and I'd agree that Bitcoin would not be able to replace the conventional currency. |
|
|
|
|
tal golan
Newbie
Offline
Activity: 17
Merit: 0
|
|
January 17, 2018, 10:49:48 AM |
|
Could Bitcoin ever replace conventional money?
Dont think so. I think there always will be people who want to use real money. maybe in a long long time. |
|
|
|
|
clubchain
Member
Offline
Activity: 95
Merit: 20
|
|
January 18, 2018, 03:42:48 AM |
|
It may change the way it's traded, but it's impossible to change the traditional currency because so many people still do not know bitcoin.
|
|
|
|
|
CryptoBalds
Member
Offline
Activity: 90
Merit: 10
|
|
January 19, 2018, 04:05:30 PM |
|
it may replace in such a way of buying in mall or in anything and in paying bills, but for now it will not replace conventional money because many of the country doesn't accept bitcoin.
|
|
|
|
|
retnoanjani
|
|
January 19, 2018, 11:58:29 PM |
|
I think it is impossible, it is just a way of investing, and the price there is a big fluctuation. The transaction is slow and the process is hard to oversee and the government will not accept it.
I just think Bitcoin is not a good match in currency, it's better suited to being an investment instrument, and I'd agree that Bitcoin would not be able to replace the conventional currency. That's right, the bitcoin transaction fee is very high and sometimes the confirmation time is long. Of course it is not effective and no better than conventional payments with fiat. Bitcoin is more effectively used as an investment and commodity. |
|
|
|
Tama21
Member
Offline
Activity: 87
Merit: 10
Peace Begins with a Smile
|
|
January 20, 2018, 12:03:07 AM |
|
Could Bitcoin ever replace conventional money?
I think that it can't.We still use cash to make payments in most part of the world |
|
|
|
|
|
ReindeerOnMe
|
|
January 20, 2018, 12:04:23 AM |
|
I think it is impossible, the traditional money has its advantages. Bitcoin is just a digital currency and is an investment choice.
That is right, fiats is better than digital currencies and even bitcoin. Bitcoin may have some features that will make it better fiat like the anonymity still, the government will not accept that. And even if the government accepted that feature, they would not let their people use a currency that is so volatile and unstable which will bring down their economy to the bottom. |
|
|
|
|
SeVenlast
Member
Offline
Activity: 413
Merit: 10
● KEEP CALM & HODL ●
|
|
January 20, 2018, 12:09:54 AM |
|
This is impossible because Bitcoin is a virtual payment that can only be done with the internet  |
● ●
● ▬▬▬▬▬ ● ▬▬▬▬▬ ●●● ● ● ●●● ▬▬▬▬▬ ● ▬▬▬▬▬ ● |
|
|
v3teran
Newbie
Offline
Activity: 107
Merit: 0
|
|
January 20, 2018, 12:53:50 AM |
|
Way to slow as others have said
|
|
|
|
|
ronremsey25
Full Member
Offline
Activity: 161
Merit: 101
AI SOLUTION TO VOLATILITY IN YOUR CRYPTO SAVINGS
|
|
January 21, 2018, 03:58:41 AM
Last edit: January 21, 2018, 11:25:38 AM by ronremsey25 |
|
Since Bitcoin started it became a huge hit and it become popular in the world. As the time goes by, it keeps on developing and its services and uses are being enhance. The world already enter the era of digital currency where transaction are much easier and faster. In the future maybe eventually the money will be replace by Bitcoin and payment in other stuff will be virtual, more secure and much faster.
|
|
|
|
|
