Digital Currency Take Over

[valtum]

I think that the existence of a digital currency will benefit everyone. It's a pity, but it's not soon. Fraud is growing more and more. I hope that such projects as Menlo.one will reduce the level of fraud and bring the digital future closer.

[Boppsross]

Yes, the chances are really high and they can easily do this.

[Intensity13.6]

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...

I think it is difficult for digital currency to take over the current market because it was not accepted and recognize to other countries. It is also not fully develop because you still can't use it as payment method anywhere and it always required internet everytime you make a transaction. A lot of development needed for bitcoin before it was recognized by all means.

[Eva Ren]

The things are changing rapidly. Everything could happen, therefore, the smartest way to invest in digital assets is to build a well-diversified portfolio based on your risk preference and investment goals. Such a portfolio would likely include a substantial holding in bitcoin and small exposure to promising tokens. I have found a trustworthy project. It is called Socratus.  It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem.

[BloodKnight]

Although digital currency has great potential, most of its current role comes from commercial hype, which makes the price of coins unsteady. It is impossible to replace cash with unstable coins. If your water and electricity costs are every minute. In change, how do you feel?

[FunGate]

The potential is there but that does not mean that it is going to happen, there are too many created interests that are invested in the idea of fiat money and they are not going to let this system die that easily and even if in the future it happened they will find another way to deceive people and make them accept a system that benefits the bankers and not the people. 

This is the exact reason why bitcoin will never be mainstream. It will always be a form of mutiny. It not necessarily a bad or a good thing, that of course depends on the users themself. We can already see how blockchain is being recognised by various governments, how they plan and introduce currency's of their own, centralized and under administration control. Decade from now, state issued crypto will be a quite regular thing. Early adopters and enthusiasts of today should bear in mind what and who was the first on the stage, because next generation will not care.

That's the way I see it too. State issued crypto will follow the same model as this initial stage did but will be of course... state regulated! The bitcoin thing will continue to be pushed into the sidelines so that the governments can get their bearings and establish something that they have a better handle on. Then they'll track transactions and sell the data to market research firms. The perfect efficient economy! No more leakage into mattress cash or untaxed earnings

[TheQuin]

The potential is there but that does not mean that it is going to happen, there are too many created interests that are invested in the idea of fiat money and they are not going to let this system die that easily and even if in the future it happened they will find another way to deceive people and make them accept a system that benefits the bankers and not the people. 

This is the exact reason why bitcoin will never be mainstream. It will always be a form of mutiny. It not necessarily a bad or a good thing, that of course depends on the users themself. We can already see how blockchain is being recognised by various governments, how they plan and introduce currency's of their own, centralized and under administration control. Decade from now, state issued crypto will be a quite regular thing. Early adopters and enthusiasts of today should bear in mind what and who was the first on the stage, because next generation will not care.

That's the way I see it too. State issued crypto will follow the same model as this initial stage did but will be of course... state regulated! The bitcoin thing will continue to be pushed into the sidelines so that the governments can get their bearings and establish something that they have a better handle on. Then they'll track transactions and sell the data to market research firms. The perfect efficient economy! No more leakage into mattress cash or untaxed earnings

If you missed it have a look at this thread The only way that governments will successfully compete with Bitcoin.

I agree with the analysis that to make a cryptocurrency that could be better than Bitcoin governments would have to do things that they are unwilling to do.

[moinguoi5c333]

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...

In some countries around the world, they do not have tax laws on cryptocurrency. So, countries that want to grow in cryptocurrency, must have their own tax laws.

[rightway00372018]

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...

I don't really believe that digital currency can take over because fiat is very important especially for small transactions that does not need internet connection.

[ynatopak14]

we've been into digital currency for more years.
it is what we call debit and credit card.
it is controlled by banks and its merchant. but if we need to change it we have BITCOIN on its virtual currency.

[South Park]

The potential is there but that does not mean that it is going to happen, there are too many created interests that are invested in the idea of fiat money and they are not going to let this system die that easily and even if in the future it happened they will find another way to deceive people and make them accept a system that benefits the bankers and not the people.  

This is the exact reason why bitcoin will never be mainstream. It will always be a form of mutiny. It not necessarily a bad or a good thing, that of course depends on the users themself. We can already see how blockchain is being recognised by various governments, how they plan and introduce currency's of their own, centralized and under administration control. Decade from now, state issued crypto will be a quite regular thing. Early adopters and enthusiasts of today should bear in mind what and who was the first on the stage, because next generation will not care.

It is a shame but people as a group and even individually are very easy to deceive, many think that people will prefer the real thing over a fake copy created by the governments, but if that was the case then we will not have fiat in the first place, people are going to see that with a government issued crypto they do not have to wait decades for adoption to come true and they will begin to use it, even if it means that the governments and banks have complete control over their money.

[bennypagulayan]

Digital currencies are a serious threat to old banking.This is the reason we see lots of fud in digital currencies market.It is not easy to replace the existing system but surely ,sooner or later ,digital currencies will take over overall economy.

There is a big potential for cryptocurrency to take ove and replace fiat money but more time for this. A lot of big people are feeling the pressure now with cryptos and they know if they don’t make a move their business will die. FUD news are also comes from those big companies they feel the threat now. No one can stop cryptos from soaring higher, in time this market will boom again.

The potential is there but that does not mean that it is going to happen, there are too many created interests that are invested in the idea of fiat money and they are not going to let this system die that easily and even if in the future it happened they will find another way to deceive people and make them accept a system that benefits the bankers and not the people. 

Exactly. They will not let this system die easily and even in the future, they will find another way to deceive people and make them accept a system that benefits the bankers, not the for the citizen.
This leads to misunderstandings and difficult to detect.
So new investors come to consider carefully and choose wisely
Not to be directly affected by your pocketbook.

[Kayum10029]

No no I don't believe it at all because modern world becoming Digital to ultradigital due to technology and people interesting to have some exceptional service like bitcoin online currency.

[Cacao2017]

Digital money is now a hot topic for us in developed economies such as the ones who like digital currency as well as who accept bitcoin as a valid currency deal daily

[berfanaf]

Digital currency is the future. Take for example Estonia--they are attempting to create their own coin and standardize it in their country.

The way these crypto currencies are making such a big name and that too in this much of the time, I don’t think so that there will be any such thing which will stop these crypto currencies to lead the world in the future. These crypto coins will surely help this world in becoming a better place to live and that it will help the people who trust these coins in having a better living.

[BitcoinCommodor]

Many countries are open on using digital currency as a mode of payment within their government but with some restrictions, and most of its use is only limited and does not apply to all. Like here in philippines, there are people engage in btc, and most of them are students and young adults. However, its not recognized by business owners because they are not aware of it or maybe because they are afraid to try due to the bad news that they saw or heard from the television. Additionally, there are few countries who banned crypto exchanges within their government. Common reason is that they wanted to avoid illegal transactions or to protect the public on the risk that can be brought by other cryptos. There are few cryptos that are not legit or scam, just like the news that i saw on tv last january or feb (dont know the exact month). But on the news it says that most filipinos invested on that crypto then they found out that it was just a scam.
So on my opinion, i think digital currencies will not take over the economy. Besides, the government will not allow it to happen because it will make a lot of changes in our economic system. Digital currency is different from fiat. Digital currency will only be another form of currency (electronically) which is an alternative to fiat.

The future is that of cryptocurrency and the whole world will use only digital currency even in their local markets and as we know bitcoin is the leading crypto in the world and is acceptable to everyone, therefore people will use only bitcoin. The fiat and paper currencies will become idol and nobody will use it. Bitcoin will replace all these currencies.

Since the time these digital currencies have came into existence, we have seen a very much positive change in the overall market as well as the living standards of the people have also been greatly improved. With the passage of time, there are likely chances that these crypto currencies will take priority over the existing regular currencies and that this world will become a better place to live.

[blackandred]

in the long run. the digitization of money is the future trend. it is easier to circulate. it will break the limits of the country. bitcoin has implemented it. I believe btc will become a world currency in the next decade.

[dirisu2018]

Digital currency will one day take over,  it might take a while but nations who refuse to embrace it at the early stage would play catch up eventually.  I am for regulations cuz of decentralization,  criminal minded people would take advantage of it,  as you can see,  fraudsters are swinging up everyday with fake ICOs and the likes

[robotrobert]

It is an ambiguous situation and one cannot really say whether it will take over or not.

Time does not remain the same all the time and that there is no way that these regular currencies keep on ruling this world for life. Things are changing in a positive way and that people have started trusting the crypto currencies more than that of the regular currencies and that there are likely chances that these crypto currencies will take lead over these paper currencies.

[yrrehc16]

Slowly but surely, this is what happening now in this cryptocurrency thing.
we are gaining popularity and number of users and holders every day.
the system getting more upgrades every day. we will get there soon.