if bitcoin will become the main coin, what will happen to the money we are using

[aitrading]

I think it's so unpredictable. While governments will want to use paper money power, it will exist

[lelylely]

i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?

If bitcoin becomes the main currency then paper money will be left out and even paper money will lose its value and will be lost. But it seems like it will be very difficult to happen, because the government will not let that happen.

[Caelanpelley]

If bitcoin becomes a major currency and goes into use as cash. Trading in daily activities will become more difficult. Especially this will not happen in Vietnam. Because in Vietnam, using currency unit of VND, it must be converted in US dollars and converted into bitcoin. Moreover, in Vietnam very few people use bitcoin.

[jerowacik]

Bitcoin is a treasure. It's the main coin, but its not same thing as dollar. There is no indication that fiat money influence Bitcoin price after all. Bitcoin has been developing on its own, disregarding international news and major currencies movement.

[sammyp]

i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?

I think such money will still be in use because there are so many people who can not use bitcoin. Most of these people may be illiterates. Until such people can make transactions on their, they will still hung on to the local paper money.

[Denifriska]

I do not think bitcoin can replace the money that now exists. Because after all the paper money is a medium of exchange that is often used by all people in the world.

[Rakesh_alejandro]

You forget that the biggest driver behind fiat money is the government. As long as taxes are due to the government and they have to be paid in fiat, there will be use for your dollars and euros. No government is going to accept that bitcoins are more valuable than the fiat they print; hence the government will continue to accept fiat money at least for taxes and penalties.

I think most Fiat will lose its value while some government adopt bitcoin with rules / monitoring or prohibit hard activity bitcoin. bitcoin always been a major currencies (among cryptocurrency other), but if you mean major currencies including Fiat, I think it's not going to happen because of the government can only be made regulation or prohibit bitcoin to prevent it happen.

[bajigur894784]

first .. i think bitcoin will not replace conventional money like dollars and take place as the main currency.

Although there is a possibility in the future digital currency will be more dominant, because it is easier to use compared with conventional currency such as dollars.

[Danstan]

Let's put the word "if".

My answer is the situation of bitcoin now will be the site of the money when Bitcoin ways win, money will be the secondary option to pay for things,,  and more likely reserve as payment during system are in maintenance or breakdown...

[freshm4ker]

I am convinced that ordinary money is almost always present with crypto currency even when it is recognized worldwide. Now in Sweden and Denmark they say they will be fully converted to digital currencies. But I do not believe in the success of such an experiment. Technically it is not possible to completely migrate to crypto currency.