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

[Viscera]

Well no.1 Fiat money become useless . if bitcoin will become the main currency then people will not hold a lot of  fiat money. and its alternative coin that we can use when we have transactions or agenda with the person we want to transact.

[djgtr]

Well no.1 Fiat money become useless . if bitcoin will become the main currency then people will not hold a lot of  fiat money. and its alternative coin that we can use when we have transactions or agenda with the person we want to transact.

well if that was the case i think the people will not  hold a fiat coin.because bitcoin is really profitable .i think everybody change thier coin into btc because it can become a bigger  value if we hold btc.but i think if this will going to happen most likely the government will take controll on bitcoin.

[Victorycoin]

if bitcoin will be the main coin, what will happen with the banknotes we use. i think that this will not happen because the amount of bitcoin itself is limited value. / to take the currency in the world. the problem is i do not think that bitcoin can increase because when this is a lot of buyers / many buyers.
if everyone would invest and convert cash into digital money, there is no possibility that such a revolution would happen to bitcoin investing. so there is no problem for me, someday bitcoin will be used internationally.
that's what I'm waiting for.

You need to update your ideas about Bitcoin:

1. the limited amount of Bitcoin is an advantage and not a disadvantage and would always make Bitcoin scarce and more valuable;

2. Bitcoin already is used internationally and that is one of the purpose it was created;

3. at no time would everyone convert their cash into digital money as both digital money and cash have their roles in the society.

[dificanovi]

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

I think maybe bitcoin will be our main money in the future. if bitcoin becomes our main money, then the money we use now we will not use again as a means of payment wherever we are.

[glowing10]

Well no.1 Fiat money become useless . if bitcoin will become the main currency then people will not hold a lot of  fiat money. and its alternative coin that we can use when we have transactions or agenda with the person we want to transact.

I think if this ever happen than only few currency notes people will keep just in case they want to give to somebody quickly and get the things who does not have or accept such payment, rest everything will be done online because people will prefer going digital and making payment easily and easily exact payment can be done even if its in cents.

[btccash24]

They will be collected like antics

[DoublerHunter]

Bitcoin is already the main coin because it is the first cryptocurrency that ever created by satoshi nakamoto and if bitcoin will stay for being the main coin then it will not do anything about our money that we are using because they are different and bitcoin is just like a back up currency or money where we can spend it in some shops or places.

[gilangIDR]

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

Happy news of course when we hear bitcoin can be the main currency in the world. Real money is still in need of course, there are some sectors that really need real Money as a tool To make the price stability. Real money will not die because bitcoin will remain side by side and need each other. I hope bitcoin prices will continue to increase and the existence of real money will help bitcoin become one of the enormous economic power.

[ropyu1978]

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

Is it possible ? I never thought like you, why ? because we will always need real money in physical form.
bitcoin coin has always been the first and most popular coin and proven to date bitcoin has no heavy competitors in the world of crypto.

[Rotsor]

When, not if haha, Bitcoin becomes the main coin, so the world's reserve currency, we will see the FIAT money we use today turned into digital currencies. Gov't ones of course, specific to whatever geographical area they're in.

[Fatunad]

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

This thing is impossible to happen because bitcoin is a decentralized stuff which means no one would able to control it. Government throughout the world wont really allow such thing to happen and besides every countries currency symbolizes their power which means having a main coin isnt possible at all and add it up the supply of bitcoin is just 21M which wont really be sufficient on the people who would use it globally.

[MyIdeas]

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

Government of any country or state will never accept bitcoin as a main or national currency because of the following reasons.
1) Bitcoin is decentralized having no central authority to control it, government will never allow a currency which is not in their supervision and control.
2) Transactions are anonymous and it will be difficult or impossible for government to check the transaction details of anyone.
3) Taxation issue. It will be difficult to collect taxes from the users over the network.

There will be a relief for the people if government adopt bitcoin as the main coin because it is the most valuable coin of the time and there is a lot of room to earn more profit as compare to the coin of that country and another thing manual taxation system has flaws and there would be an ease to collect the tax online on single click this will give a freedom to user as well as to government.

[Webetcoins]

if main coin that you mean is currency in real world, i think bitcoin cannot replace regular money. because of regulation per region about this currency and its region currency will be crash. im not sure too. that's just my opinion  

Yes that can be happen because both of them are important and they are making the good difference for the coming days of the money. The bitcoin is getting more and more famous the people are buying bitcoin for the cost of the profit so make bitcoin hold for the long time and make money from your money.

[Gotumoot]

It may be that the money spinning now will be gone and will make this second currency and it will be available to poor people who can not keep pace with what is happening in the future. I can hardly afford you to buy tools to have bitcoins and of course you can not use them. So what happens when money is used by everyone is still available but it is for those who can not afford to buy cell phones and computers /

[xCryptoManiaX]

Fiat currencies will always be there, we can't know about Bitcoin tho. Governments will never give up their currencies for something they dont control.

[fiulpro]

Well you know fiat can't be replaced In the first place, because right now there isn't  any strategy to counter the ill effects of replacing it.
Bitcoins are a cryptocurrency for a reason, they might have been a Normal currency but it isn't, because its meant to serve like an investment similar to gold , its not meant to be brought into the market as a regular currency is what I feel.
Take for example :-
The people who are old and poor, those wuo don't know about internet and cards , the kids who are yet to understand the difference between fiat and money ..aill they be able to use it ? Will there be any appropriate software available in the market ? Will that be easily accessible and cheap?

There are a lot of things that is of concern
Obviously bitcoins can't replace fiat! For sure but they can be accepted as a global currency which everyone can make use of without any boundaries.

[ninabobo]

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

this question is often in this forum. much debate with what you say. between pros and cons. I think it's very difficult and probably never will happen.

[Ctn]

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

I think that it won’t affect the main currency like USD or any other local currency of the respective country. The main reason is national currency can’t be carried away so easily which is representative of respective currency and it is also not replaceable because of traditional use of it. Just imagine how people or we ourself will react about it and that could be chaos for national economy too. Plus bitcoin can’t become main currency due to its limited number and insufficient reach to all over globe. So that’s simple why it can’t become main coin.

[ruskytailz02]

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

I think Bitcoin is more on alternative money to fiat or local money
paper money are audited by the government to initiate how much growth in economy of a particular country
if bitcoin will be on main money then the government will adjust and it is hard to audit and trace the bitcoin because of Decentralization

so I think it will not replace instead will alternative only

[Sean25pogi]

iF the bitcoin is the main coin of our generation we will have a uniform currency which can be ised by all people in the whole world.
It is great because they don't need to enter in foreign exchange just to change their money. In bitcoins all things will be systemically arranged.