Bitcoin’s inherent economics could preserve it all from ever getting very import

[Ethigokath]

Apart from the majority attack, this makes no sense. We all know how volatile the market is and a simple 100 dollar spike in price means millions in marketcap. You don't see any other entity gaining rapid momentum this fast.

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[Wigowien]

Replacing fiat currency is not going to happen anytime soon. But it's possible to make them coexist. Again who would want a currency that is so volatile?

[Jet Cash]

I've bumped this old(ish) thread because there are some interesting points in it, and I think it will be productive for new members to read them.

There are also a numberof posters who seem to think that Bitcoin was created to bring down the fiat system. This is not true. The current fiat sytem has run its course, and debt and austerity will cause it to collapse. Bitcoin was probably created as an experiment to test the replacement for the fiat system, and it has been spectacularly successful. That doen't mean that it will be the replacement. It has limits built into it to ensure that it can never become a major world payment system for volume transactions. The replacements will need to be centralised systems. Bitcoin is becoming a store of wealth, and an efficient method of payment for valuable assets.

[PhilipDon]

My uncle in 2013 said to buy Bitcoin.

Now he says that the market will not recover. Do you think he's right?

That's just what he said, i need more proof to know whether his saying is true or not.?