Is the presence of Bitcoin able to wipe out cash?

[Nikkolodeon]

As it is famous today. that Bitcoin is the solution to the weakness of cash. Many people are switching from cash and using Bitcoin.
If this continues to happen then the cash will be destroyed.
what do you think about it?
will Bitcoin be replacing cash?
what if the cash impact is no longer used?

Nope! I don't think cash will be destroyed. I think if bitcoin will destroy cash in the future the government will act before it happens, in that way bitcoin will be destroyed first. Why? Because cash is what most people needs, those who don't have the bitcoin need cash. Those who are homeless needs cash. There are so many people who need cash rather than cryptos. How do you think they will live if there is no cash? You can think of other of other scenarios. Do you think bitcoin will not be banned in your country if they know that it will destroy the cash someday? I think it is better that they can coexist rather than destroying each other.

[Dexion]

I do not think that bitcoin will replace ordinary money. The price for one coin is too high and it is used mainly as an investment, and not as a currency for small purchases.

yes, I agree with you, 1 bitcoin is so large that it can not be used to buy something of little value.

technology will continue to grow rapidly, so I'm sure if the world has received bitcoin as a legitimate transaction tool, then there will be a special application used for payment of something of little value.

as now there is altowl, a trading application on mobile. so wherever and whenever we can trade.

[yurenchuang7125]

Not a chance, man.. Cash is immortal method of government to control economic market a bit.. BTC might get really strong but it it never replace regular cash..

I don't think bitcoin will replace cash. Bitcoin will revolutionise finance and drive the financial system. It is used to replace the number of bank controls.

[Butchick]

Despite the convenience and all the advantages that bitcoin offers, i don't think it will ever replace cash. For one, not all people, unfortunately, have access to the internet and the digital currency, with this alone, the number of people being able to use bitcoin for purchases and transactions are limited. Another is that bitcoin and some other digital currencies are decentralized, which means governments cannot control or take hold of it and with this, money cannot be wiped out but instead, bitcoin will be added as an option when performing certaintransactions or payments.

[Capt00]

Maybe we can say it would in a certain place but not the entire community nor it happen globally. As we all knew that some places aren't accepted this or they certainly banned crypto, so it means that still a lot of people are currently and never look into these 3rd world currency generation.

[Nick Abimanyu]

As it is famous today. that Bitcoin is the solution to the weakness of cash. Many people are switching from cash and using Bitcoin.
If this continues to happen then the cash will be destroyed.
what do you think about it?
will Bitcoin be replacing cash?
what if the cash impact is no longer used?

I never thought cash would be ruined. Bitcoin can never replace the currency we use everyday. As we know the amount of bitcoin is very limited in number only 21 million pieces, I think it is very unlikely bitcoin able to meet the needs of the world economy.

[L00n3y]

As it is famous today. that Bitcoin is the solution to the weakness of cash. Many people are switching from cash and using Bitcoin.
If this continues to happen then the cash will be destroyed.
what do you think about it?
will Bitcoin be replacing cash?
what if the cash impact is no longer used?

Bitcoins popularity by the day is one thing but its acceptance by the general public is another thing. It will not replace cash at the moment or for the next 10 years.

[coinholic]

As it is famous today. that Bitcoin is the solution to the weakness of cash. Many people are switching from cash and using Bitcoin.
If this continues to happen then the cash will be destroyed.
what do you think about it?
will Bitcoin be replacing cash?
what if the cash impact is no longer used?

I doubt. This is unlikely to happen. I just don’t see cash being wiped out anytime in the near or far future. It has been circulating in the monetary system for hundreds of years compared to Bitcoin’s existence of barely 10 years. And majority of the world’s population haven’t even heard of Bitcoin and that they are used to using cash. So the idea of cash being phased out is very unlikely to materialize.

[pushups44]

I seriously doubt bitcoin will wipe out cash. I see cryptocurrencies and fiat currencies coexisting and interchangeable. The advantage of fiat currency is that it can be used to pay taxes.

[devormity]

As it is famous today. that Bitcoin is the solution to the weakness of cash. Many people are switching from cash and using Bitcoin.
If this continues to happen then the cash will be destroyed.
what do you think about it?
will Bitcoin be replacing cash?
what if the cash impact is no longer used?

Bitcoin will not change the international currency, because in my country bitcoin better as its own investment because of many problems with banks in my country, bitcoin worried about the shift of bank position, so bitcoin can not be a legitimate payment. Instruments such as buying goods and other necessities, bitcoin just like a tool to invest only.

[PrimeauxETH]

If it really happens, it would be a nightmare for me as I hate those bitcoins.

[TheROBER]

its not possible because for this everyone in earth should have internet knowledge which is not going to be possible ever

[JayarC]

It's very possible but it will take a big step to crypto to do that.

[Jitra]

I honestly don't think bitcoin or any cryptocurrency will be able to wipe out cash, at least not during our lifetime.  Non of the governments around the world will allow it to happen.  They will do whatever it takes to make sure that they can control the currency a.k.a cash.  Unfortunately they may not be able to control bitcoins, not yet anyways.

[Muramblend]

Not for many years. When all devices and people have the means to exchange currency with the reliability, discreteness, and ease as cash then it could be possible, as long as we have 100% up-time.

[LudiAAA1]

Not sure as it is in beta still but if this happens then there will be a tragedy ofcourse

[LORENthetiger]

I would rather say that it is not impossible looking at the growing craze for the bitcoins

[Sains]

not like that in fact .. cash is still needed.

[fc10a3]

Reduce the share of cash, but do not wipe

[First77]

Looks like Bitcoin will get into trouble for talking about currency/cash.