Cryptocurrency will not replace fiat currency

[MI6]

Look at what happening around. The first cryptocurrency bitcoin was invented to reduce the hassle of third party and have borderless transaction. Isn't it true? Now, look at what happening. People are more into investing it than using it as currency.
Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?

Will need right cryptocurrency, which can be good as payment from transaction fees and speed of transaction. And then regulation, this is problem too. Maybe for now, if cryptocurrency is look like people only focus on use it as investment, as long it is not bad i think already good.

[1714241293]

1714241293

[1714241293]

1714241293

[marcous]

The point is that bitcoin and cryptocurrency have advantages where we can invest and make money. no doubt that because of bitcoin many people can change their lives financially. This proves that bitcoin can enter various communities. well, Nakamoto never even appeared to make any statements about Bitcoin. but at least what he has created has many benefits for the world community

[cryp24x]

That's the correct thinking I am looking for. Crypto will not really replace fiat but they will be considered as alternative. We should be very well-informed or should know atleast the basics before we invest our money.  If the knowledge is enough and we have the opportunity to buy altcoins, I think that will surely make a good investment.

[Wipeout2097]

If we take a look t past centuries and the financial history it is declared that people use barter system for medium of exchange the silver and gold coins took place and dominant in financial market for years then paper money came in existence and still surviving.

While many other technologies changes and modern invitations,People change and want to fast payment system beyond the boundaries without any involvement of third party and it made possible by cryptocurrency and the popularity of cryptocurrency shows that crypto will replace the fiat.

[Chainsmokers]

That's the correct thinking I am looking for. Crypto will not really replace fiat but they will be considered as alternative. We should be very well-informed or should know atleast the basics before we invest our money.  If the knowledge is enough and we have the opportunity to buy altcoins, I think that will surely make a good investment.

Crypto will never replace fiat and it can be said that crypto is an alternative that can be used as a payment tool faster without face to face and can be done anywhere while there is internet in the region. And for me crypto will not replace fiat because in remote areas that are difficult to get a connection or there is no internet in the region we will really need fiat and fiat is a payment method that will never be replaced in my opinion.

[Free1bitco.in]

That's the correct thinking I am looking for. Crypto will not really replace fiat but they will be considered as alternative. We should be very well-informed or should know atleast the basics before we invest our money.  If the knowledge is enough and we have the opportunity to buy altcoins, I think that will surely make a good investment.

if crypto has the opportunity to replace fiat, then that has happened long ago. In fact, that could happen in 2017. It's just that, because of volatile prices, and also high prices make crypto so difficult to replace fiat. most people will view crypto as a business and profit.

[Ashong Salonga]

Look at what happening around. The first cryptocurrency bitcoin was invented to reduce the hassle of third party and have borderless transaction. Isn't it true? Now, look at what happening. People are more into investing it than using it as currency.
Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?

I get your point. Maybe the reason why people takes cryptocurrency as an investment and not as a currency because of its price value. Why? Because for many people specially for those who are just new into engaging to this industry we are all currently into sees cryptocurrency as a way to get a big feedback of money through making investment and not totally as a currency at all. It is true that cryptocurrency supposedly be used as a currency to provide a cashless society that can make payments for an instant making it easier for everyone. But as time passes by the main purpose of crypto as a currency is somehow being set aside because its value is getting bigger which makes people perceive it as a good investment rather than a currency. What the main importance is thar even people have different perceptions and usage on crypto, still they are using it for good and that is the most important thing that cryptos are being effectively used by people whether as a currency or an investment.

[flagpara]

Look at what happening around. The first cryptocurrency bitcoin was invented to reduce the hassle of third party and have borderless transaction. Isn't it true? Now, look at what happening. People are more into investing it than using it as currency.
Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?

People were very alert when Binance exchange delisted BitcoinSV from this exchange. This is right Bitcoin invented for rejected third party and secure transaction. But for money laundering this is insecure, then many countries banned Bitcoin. All people can't change their interest at one time until see the real use of Bitcoin.

[Kasabus]

That's the correct thinking I am looking for. Crypto will not really replace fiat but they will be considered as alternative. We should be very well-informed or should know atleast the basics before we invest our money.  If the knowledge is enough and we have the opportunity to buy altcoins, I think that will surely make a good investment.

if crypto has the opportunity to replace fiat, then that has happened long ago. In fact, that could happen in 2017. It's just that, because of volatile prices, and also high prices make crypto so difficult to replace fiat. most people will view crypto as a business and profit.

Crypto will never replace fiat currency because majority of the people are still into fiat not because they don't want to use crypto but because of the fact that most of them don't even know what crypto is and how it will be useful. Education will be a good solution for all our problems and that crypto adoption will be more possible if we all know the proper usage of crypto. And knowing that most crypto users didn't use it as a currency but rather use it as an investment will also lessen crypto adoption as a currency.

[antsam]

I think this is related to regulations that apply in many countries that do not recognize Bitcoin and the like as a legal transaction payment currency. But many sellers have accepted bitcoin as a payment option and that is also widely used by people. When developing Bitcoin as an investment option because of the very rapid development of its price and I think it's natural.

[Adreman23]

Look at what happening around. The first cryptocurrency bitcoin was invented to reduce the hassle of third party and have borderless transaction. Isn't it true? Now, look at what happening. People are more into investing it than using it as currency.
Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?

People who dive into bitcoin or crypto currencies has different reason, some are day trader, some are using it as safe haven, and some are believer, they believe that bitcoin is the future money and the like. And no one can control them even satoshi cant do that to change what people think or change the reason why they buy bitcoin. I think only time will tell if bitcoin will replace fiat money or it will fail no one knows. but for me there is possibilities 100% chance that fiat money will become digital money using blockchain tehcnology in the future.

[lienfaye]

Crypto will exist together with fiat, but for now it cant take over the dominance of fiat to replace it as currency. Fiat is regulated by the government and recognize worldwide while crypto particularly bitcoin is decentralized currency which make it hard for the government to accept it as currency because it cant be regulated.

On the other side most people are engaging themselves in crypto because of the opportunity to earn. Bitcoin is created as currency but due to the price fluctuation that can make us earn by simply holding, people are seeing it the other way. We can use it as currency but limited on where we can spend it since there are only few merchants who accept it, excluded for the countries who already recognized bitcoin.

[Psynthax]

I think this is related to regulations that apply in many countries that do not recognize Bitcoin and the like as a legal transaction payment currency. But many sellers have accepted bitcoin as a payment option and that is also widely used by people. When developing Bitcoin as an investment option because of the very rapid development of its price and I think it's natural.

They didn't wanna recognize bitcoin as a replacement to the fiat but those countries can recognize bitcoin as a digital commodity that can be called as digital gold. Many sellers have accepted bitcoin caused by they were seeing so many potentials on bitcoin. It's slowly but surely bitcoin will be accepted as the next payment system.

[trauchot]

At the moment, of course, this is impossible, because a very small part of the population of the whole planet knows what cryptocurrency is and too few people know how to use cryptocurrencies, so fiat money will be in demand for a long time to come.

[nicster551]

I do get your point bro as many people takes bitcoin as a digital gold than use it as a currency. They do this because of the scarcity of Bitcoin, that it have a potential to increase in the long run. But dont forget that there are still people using it as a currency by sending across the world, buying some stuffs online or services. It can be used as a digital currency in the future as the main goal of Bitcoin is mass adoption to be of used on everyday lives.

[gundala]

I do get your point bro as many people takes bitcoin as a digital gold than use it as a currency. They do this because of the scarcity of Bitcoin, that it have a potential to increase in the long run. But dont forget that there are still people using it as a currency by sending across the world, buying some stuffs online or services. It can be used as a digital currency in the future as the main goal of Bitcoin is mass adoption to be of used on everyday lives.

That means, the use of bitcoin depends on the needs and circumstances of each person, of course, it cannot be forced. Whether as an investment tool, trade commodity, or payment instrument, it is all effective depending on the needs of each person. In general, I also agree that cryptocurrency cannot completely replace fiat, but only complements. The reason is that on some sides, fiat is more effectively used as instant payment and micropayment, and does not depend on the internet. And on the other hand, which is most suitable for the digital era and its development, cryptocurrency has advantages in terms of security, privacy, and speed.

[freedomgo]

At the moment, of course, this is impossible, because a very small part of the population of the whole planet knows what cryptocurrency is and too few people know how to use cryptocurrencies, so fiat money will be in demand for a long time to come.

Even in the future mate, it's still not likely that fiat will be replace by cryptocurrency since we have a government who likes everything on their control so centralized platform will win and we have banks stronger than any financial platform.

[RapidsNetwork]

No it will never replace fiat. Does anyone really think the rich and powerful out there will give up their power just like that to the poor that bought into btc or crypto? Hah nope.

[nennanem]

I guess that as cryptocurrencies and fiat money coexist peacefully in some exchanges and in our lives, there's no need to choose between these types of currencies once and forever. Not now. There are some situations when it's better to pay in cryptocurrencies and many situations when fiat money is still a better choice. I think we can use both options. Probably the invention of cryptocurrencies was a revolutionary technology but in the finance sphere, it's better to talk about the evolutional approach. I think that only after a long span of time with cryptocurrencies and DTS technologies implementations we will see the real change.

[Captain Corporate]

 I am pretty sure people back in the day probably said the same thing about banknotes which "can't replace coins" or maybe even sooner, "cards can't replace banknotes", money constantly changes shape and form and crypto is just another example of that. I can't say that we will get rid of fiat forever, even coins are still in existence if you look at it, however crypto could become a larger and larger part of every day life, which even if it can't be called replacing it, could very well be a big alternative, or even standart. When you look at how technology improves every single day, you may end up realizing that people do use their phones more frequently nowadays for payment, still a miniscule level compared to cards, but that number grows every single day, which helps crypto because we could use our phones to pay anywhere with crypto in near future.