Digital Currency Take Over

[Lehbane]

It's not a take over or changing Fiat with digital currency, it's only that many of us is making use of hobby nowadays to use crypto in some of their transaction between traders.

[drachman]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Cryptocurrencies are not going to take over the market governments will never allow it but it does not matter the only thing we need is for cryptocurrencies to be accepted in most business around the world, that is it, if that happens then you will be capable to travel all over the world with only bitcoin in your pocket and this is important because the risk of theft is lower if you compare it to cash.

[virtualkeybuyer]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Yes that is the fact but that fact will be in the understanding of only those people and governments which have a knowledge of the real economy and along with that they will have the knowledge of crypto and its way of working. If they will not know any of them then they will not know that it is beneficial for their country. They have to mainly support the mining as it is a free money and goes faster to that place of the world where it is supported more and facilitated by the governments in different ways like providing low cost electricity.

[Onestepinhell]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Yes that is the fact but that fact will be in the understanding of only those people and governments which have a knowledge of the real economy and along with that they will have the knowledge of crypto and its way of working. If they will not know any of them then they will not know that it is beneficial for their country. They have to mainly support the mining as it is a free money and goes faster to that place of the world where it is supported more and facilitated by the governments in different ways like providing low cost electricity.

Well, I will say so that now there are still a lot of old people who lived back in the 90's and it's very difficult to convince them to switch to another currency. For them, moving on to something new is not yet fully tested, it is very difficult, because they have it all in their blood, they will not accept it with their whole being until they have the experience from other people. Some simply do not want to become mice in a cage

[Uno17]

Nowadays, because of fast innovating technology, digital currency has been patronized by many people because it is quick and hassle free, but still fiat currency is still ruling all over the world specially in rural areas where technology is not that being supported. So digital currency might be soaring high but maybe not to take over at all

[kateryana81]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

And you think that by most countries accepting Bitcoin that will make it take over everything and being used by everyone, well you think wrong. It can take over, but that will have to be in whatever that has to do with investments and of course we can use it as a payment method, though not all countries approves that. Bitcoin is making success, but I don’t think it will replace the currency we are making use of.

Everything is possible folks, but I think it's too early for that. Still the local currency is more famous than anything else, special in digital currency. Tangible item is matter I think. What do you think folks?

Many traditional things has been vanished by the digital technology then why not you can see the crypto currency will be take over the fist currency. Possibly we may find the cryptos to occupy the name as national currency in some years.
I expect cryptos will replace the fiat cash usage in 2025 for sure mate.
Already Japan accepted btc as a legal currency and now Russia waiting to implement it as legal money to use there.

First people used to exchange commodities which are called barter system. Then progress was on the way and people use gold, silver for their daily needs then the advanced world stated paper currency to use them for daily expenditures. Now the age of paper currency is also come to an end and people are using digital currency in some countries. Soon it will take over the whole world.

With the advancement in technology, things are getting better and that we are now able to see much better world and that the economy of the world is also improving at a significant rate. The way all the digital currencies are performing in the international market, there are likely chances of this thing that these digital currencies will take lead over the existing paper money system and that this world will start using those coins.

[artobit]

The situation remains ambiguous about digital currencies. Many countries believe in the Blockchain technology, but the decentralization of digital currencies may weaken the authority of the states.
There are more than 1,000 digital currencies, although most are not needed, the number is increasing every day.
The need to regulate this market is healthy to avoid scam, but as I said, these currencies are decentralized.

Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Yes, its benefits are more than its disadvantages

Coглaceн пoлнocтью!
Гocyдapcтвo мoжeт пocтyпить eщe и cлeдyющим oбpaзoм
Cнaчaлa пpизнaeт цифpoвyю вaлютy и oбьявит ee зaкoннoй, a пoтoм кoгдa люди нaчнyт выxoдить из тeни и зaявлять o ceбe, тo нaлoжeт pяд зaкoнoв и caнкиций, peгyлиpyющиx этy yжe Цeнтpaлизoвaннyю cиcтeмy

[Blue Bell]

It's not a take over or changing Fiat with digital currency, it's only that many of us is making use of hobby nowadays to use crypto in some of their transaction between traders.

So it is happening gradually that people like us use bitcoin as currency and they make daily transaction for all kind of goods which makes price high day by day. So digital currency is now at succeeding poit and even though it is being legal currency. I am sure with high acceptance and government support bitcoin will become more applicable than fiat in near future.

[rickadone]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Actually digital currency already exist in some field of investment in different countries and may be they can be part of countries economy but not for a total take over because traditiona money is still very important in paying local trading.

Agree digital currency is very important to many people today because of its legitimate way of earning big profit but still i dont believe it can replace our traditional money.

Yeah, I believe that idea of making some pretty good profit from the space is one of the reasons why so many people are even here in the first place and that makes the speculative side of the space to keep increasing the more.

Nevertheless, just as you have said, replacement of traditional currency is something we should not even be assuming because it is going to be impossible and the best way to have it is to even have a peaceful usage of the two going hand in hand with some regulations by the government.

[_Gajah]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

The current development of coins will make changes in the future, if any country does not know what digital money is sure they will regret because I am sure that in the future will use digital currency for transactions between abroad and domestic own .

[Kevin77]

Well digital currency has certainly caught the attention of the mass but there are these certain factors that prevent it from flourishing around the world. The number 1 reason is that there are certain countries that are against digital currency, and you are right about how the government is threatened because of the fact that it doesnt require tax. Another reason is that not all of the people have access to the internet, some are computer illiterate and dont know how to maneuver their way in using digital currency

Yeah, it has and it will keep catching even more investors’ attention the more in the long run. This is a space that is evolving and even though we still have more to get to the level of mass adoption, we are not where we used to be and with things going the way they have been going thus far, I so much believe in the future and the rate at which we are going to be experiencing huge growth. Still, I do not believe we will be taking over fiat in anyway but there would be a harmonious existence with the two.

[DeadCoin]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Though we have not yet reached the complete target,  we are almost far beyond the beginning. Crypto nature is a virtual moment with peer to peer. This is exactly a Degital moment. Starting from 2009, crypto has successfully proven to be the secured Degital journey with Blockchain technology secured system.  Hope in a decade, almost everyone is into Degital envirement.

[Oasisman]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Take note that digital currency ans crypto currency are different, although crypto currency could be under the digital currency category, but It needs to be specifically separated from digital currency because of its distinct features.
Digital currency has been developed long ago and it is being used to pay transactions through the internet, and it is centralized and being regulated by the government. Digital currency has exactly had the same characteristics of fiat money or physical money.
Whereas cryptocurrency ( to be specific ) is decentralized and has multiple functions than just being a typical currency, and its development are still under process to become adaptable for every nation around the world.

[BeGoods]

It's not a take over or changing Fiat with digital currency, it's only that many of us is making use of hobby nowadays to use crypto in some of their transaction between traders.

So it is happening gradually that people like us use bitcoin as currency and they make daily transaction for all kind of goods which makes price high day by day. So digital currency is now at succeeding poit and even though it is being legal currency. I am sure with high acceptance and government support bitcoin will become more applicable than fiat in near future.

Yeah, That right I think take over here is not replacing the overall fiat as the main currency. I think that digital currency like bitcoin will become more popular in the future, it will be more widely used by many people for investment or for financial transactions, and bitcoin will become mainstream. I think that's going to happen, instead of taking over the fiat position of the world's major currencies..

[futile-resistance]

It's not a take over or changing Fiat with digital currency, it's only that many of us is making use of hobby nowadays to use crypto in some of their transaction between traders.

We all know this thing that all of us thinks of the best thing and that all of us go for a thing which seems more suitable to us and that in which there are likely chances of having something better. Digital currencies have no doubt helped so many people in knowing and understanding that this form of the money is far better than that of the traditional paper money and that if you will go for it, you will be able to change your life in a positive way.

[vidprab5]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

And you think that by most countries accepting Bitcoin that will make it take over everything and being used by everyone, well you think wrong. It can take over, but that will have to be in whatever that has to do with investments and of course we can use it as a payment method, though not all countries approves that. Bitcoin is making success, but I don’t think it will replace the currency we are making use of.

A lot of us think that with more level of adoption of bitcoin, fiat will just be discarded and we think government will allow that? Moreover, government does not even have to worry for such scenario to happen as this idea of digital currency will be limited to the internet world with more of the digital age guys, the tech savvies, the internet vast category of people using it the more while there would be some category who would prefer the traditional way, so thinking cryptocurrency will take over is a big NO.

[reighbut2017]

Theres no way for bitcoin to take over in the local market to replace traditional money. using bitcoin is not easy because of its changeable market value .

[SOGabriel]

In my opinion this might happen in near future but I personally don't think it is happening so soon as digital currency is still in its early stage and lot of development and regulation needs to be put in place. It will be a gradual process. Mass adoption first.

[Silberman]

Not really because  not every countries accept the digital currency but it has really go far

If some countries don’t accept it, digital currency is successful, bitcoin is not being use almost for all kind of things we buy goods and we make income with bitcoin, long ago money was being use to buy things but now we are living in modern age where almost every system is getting to the digital system. Fiat currency is only to buy goods but bitcoin or other digital currency is able to make money for you and useful for you to buy goods and for online shopping. So I think digital currency is now only currency which will be there forever.

In all fairness you can make a lot of money with fiat, you can invest in a business or if you want to make money directly with your money you can go to the forex market which is the fiat equivalent of the market of cryptocurrencies and make money that way, however in the aspect in which you are right is that due to inflation the value of fiat always go down but in coins like bitcoin the truth is actually the opposite.

[BitNaija]

The technology is new and challenging for government official to understand. Even when they understand, it will take bold leaders to act.

There is much acceptance of digitization all around the world. In everywhere, there are leaders and followers. Let the leaders take the bold steps and everyone will follow.