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[romero121]

Bitcoin and traditional currency have a big difference. With bitcoin each and everything is connected with technology. With traditional fiat the scenario is different. With the procedure thats been followed on the creation of bitcoin, there is very small percentage chance for inflation. The same when we relate with traditional currency, there is more chance of inflation with traditional currencies.

[South Park]

No Bitcoin couldn't take over or replace the traditional currency do you think that the government would allow such thing to happen?
Bitcoin would just remain the same it could never replace traditional currency and I think that the government is already in crypto,
They created their own centralized crypto just like USDT.

Sure the government will fight and kick against it. Traditional currencies are the pride and presence of the people and government. The traditional currency play a big role in the being of the people in the country and that is manipulation but bitcoin can not be used to manipulate just a people of the country because it is decentralized. The government can't bring regulation of its use which can be a reason that it is not easy to manipulate.

You can be sure about that, governments are going to fight cryptocurrencies with everything they got, having a currency they can manipulate at will has being a great part of their arsenal when it comes to manipulate the economy and bitcoin does not allow that so they hate it and that is why they have not wanted to accept it, but now that their economy is in such a bad shape they might as well try to regulate the industry to get some money out of it but I think even those attempts will eventually fail.

[bits4books]

No Bitcoin couldn't take over or replace the traditional currency do you think that the government would allow such thing to happen?
Bitcoin would just remain the same it could never replace traditional currency and I think that the government is already in crypto,
They created their own centralized crypto just like USDT.

Sure the government will fight and kick against it. Traditional currencies are the pride and presence of the people and government. The traditional currency play a big role in the being of the people in the country and that is manipulation but bitcoin can not be used to manipulate just a people of the country because it is decentralized. The government can't bring regulation of its use which can be a reason that it is not easy to manipulate.

You can be sure about that, governments are going to fight cryptocurrencies with everything they got, having a currency they can manipulate at will has being a great part of their arsenal when it comes to manipulate the economy and bitcoin does not allow that so they hate it and that is why they have not wanted to accept it, but now that their economy is in such a bad shape they might as well try to regulate the industry to get some money out of it but I think even those attempts will eventually fail.

That's the thing - the hatred of cryptocurrencies on the part of states will lead to what it all started with. Cryptocurrencies will return to the status of "entertainment for the marginalized" and will be stigmatized by society. There will be quite real prison sentences for using cryptocurrencies, for mining, for having crypto-wallets and accounts on exchanges.
If now the "Golden Age" of cryptocurrencies continues and this is good , then you still need to remember that all good things end very quickly, especially if your "good" very much prevents those who are above you from sleeping.

[jaberwock]

You can be sure about that, governments are going to fight cryptocurrencies with everything they got, having a currency they can manipulate at will has being a great part of their arsenal when it comes to manipulate the economy and bitcoin does not allow that so they hate it and that is why they have not wanted to accept it, but now that their economy is in such a bad shape they might as well try to regulate the industry to get some money out of it but I think even those attempts will eventually fail.

That's the thing - the hatred of cryptocurrencies on the part of states will lead to what it all started with. Cryptocurrencies will return to the status of "entertainment for the marginalized" and will be stigmatized by society. There will be quite real prison sentences for using cryptocurrencies, for mining, for having crypto-wallets and accounts on exchanges.
If now the "Golden Age" of cryptocurrencies continues and this is good , then you still need to remember that all good things end very quickly, especially if your "good" very much prevents those who are above you from sleeping.

You guys are forgetting one thing : Governments could literally take advantage of this situation instead of fight it and that seems to be what they are doing these days as well. You think crypto will be your way out, and you think because governments are doing so many bad things with finance, with crypto you could finally have your financial freedom.

Meanwhile governments look at crypto and they are thinking "if wrapped bitcoin is a thing, I could just let banks deal with their own wrapped crypto and do the same" , so basically whatever banks do, and whatever governments do, they can still do it with crypto, even though they obviously can't do it directly with bitcoin itself (since blockchain is public) they could simply just use other tech to "represent" bitcoin instead of using it directly. Hence, I think governments and banks will be happy to support bitcoin and promote it and be on "our side" while making ton of profits from it.

[Janation]

No Bitcoin couldn't take over or replace the traditional currency do you think that the government would allow such thing to happen?
Bitcoin would just remain the same it could never replace traditional currency and I think that the government is already in crypto,
They created their own centralized crypto just like USDT.

Sure the government will fight and kick against it. Traditional currencies are the pride and presence of the people and government. The traditional currency play a big role in the being of the people in the country and that is manipulation but bitcoin can not be used to manipulate just a people of the country because it is decentralized. The government can't bring regulation of its use which can be a reason that it is not easy to manipulate.

You can be sure about that, governments are going to fight cryptocurrencies with everything they got, having a currency they can manipulate at will has being a great part of their arsenal when it comes to manipulate the economy and bitcoin does not allow that so they hate it and that is why they have not wanted to accept it, but now that their economy is in such a bad shape they might as well try to regulate the industry to get some money out of it but I think even those attempts will eventually fail.

I believe that governments will have to come to terms with the existence of cryptocurrencies, but in reality they will try to control the cryptocurrency market, because their main goal is not to ban the circulation of cryptocurrency assets, but to control the income and expenses of their citizens, although they always hide behind good intentions when they talk about the fight against terrorism.

This will be the case.

I do hope that some countries stay neutral in this scenario and keep their view of Bitcoin as it is. It would never replace the traditional currencies, the fiats that we are using right now but we would be going in the future where the fiat is digital and usually mobile apps and cards will be used. This might push the idea of taxing cryptocurrencies though we don't know how will they do it.

[Zanab247]

Bitcoin is a peer to peer digital currency which doesn't have third party to make the transaction Successful. BTC is a decentralized currency, that anyone can use to invest and make a good profit. The new year is very good for all bitcoin customers that is experiencing the benefits of bitcoin by increasing to $33k in January 3rd 2021.
Many traditional traders are quitting fiat business to join bitcoin business because of what they experienced during the pandemic. Many traditional currencies devalue during the process of lockdown that was causing bitcoin more stronger in the exchange market.

[Smartprofit]

Today we saw bitcoin hit an all time high of $23k while its traditional counterparts are suffering a decline in value. Historically, when someone desires financial stability, they naturally go for safe investment is, such as gold, stocks, real estate. But with the outbreak of the corona virus pandemic we have experienced a shift in global economy, countries are facing inflation. As a result many individuals are beginning to see Bitcoin as a safer investment than its counterparts. Countries are slowly adopting crypto as a means of payment. Will bitcoin eventually dominate the world economy and replace traditional currencies?

In my opinion, traditional fiat currencies will die in this decade.  They will be replaced by new central bank digital currencies (CBDCs). 

What's next for Bitcoin?  How will CBDC and Bitcoin interact with each other?  Will Bitcoin become the world's new reserve currency? 

I don't know the answers to these questions yet. 

Perhaps Bitcoin has a very bright future, or maybe vice versa - a surge of interest in it from institutional investors is associated with the fact that 2020 and 2021 are a transition period from the old financial system to the new financial system.

[South Park]

You can be sure about that, governments are going to fight cryptocurrencies with everything they got, having a currency they can manipulate at will has being a great part of their arsenal when it comes to manipulate the economy and bitcoin does not allow that so they hate it and that is why they have not wanted to accept it, but now that their economy is in such a bad shape they might as well try to regulate the industry to get some money out of it but I think even those attempts will eventually fail.

That's the thing - the hatred of cryptocurrencies on the part of states will lead to what it all started with. Cryptocurrencies will return to the status of "entertainment for the marginalized" and will be stigmatized by society. There will be quite real prison sentences for using cryptocurrencies, for mining, for having crypto-wallets and accounts on exchanges.
If now the "Golden Age" of cryptocurrencies continues and this is good , then you still need to remember that all good things end very quickly, especially if your "good" very much prevents those who are above you from sleeping.

I have thought about that possibility and I think it is coming, however governments need to keep appearances, they are heavy regulating the industry now because making it illegal will simply not sit well with many of their citizens as they will wonder why they are making illegal something that damages no one directly, however they will take this step once their economies are in an even bigger trouble than what they are now, but at that point people will be left with a difficult decision, do they leave the market or they go hungry? And for the most part people will choose to ignore the law under those circumstances.

[bits4books]

You can be sure about that, governments are going to fight cryptocurrencies with everything they got, having a currency they can manipulate at will has being a great part of their arsenal when it comes to manipulate the economy and bitcoin does not allow that so they hate it and that is why they have not wanted to accept it, but now that their economy is in such a bad shape they might as well try to regulate the industry to get some money out of it but I think even those attempts will eventually fail.

That's the thing - the hatred of cryptocurrencies on the part of states will lead to what it all started with. Cryptocurrencies will return to the status of "entertainment for the marginalized" and will be stigmatized by society. There will be quite real prison sentences for using cryptocurrencies, for mining, for having crypto-wallets and accounts on exchanges.
If now the "Golden Age" of cryptocurrencies continues and this is good , then you still need to remember that all good things end very quickly, especially if your "good" very much prevents those who are above you from sleeping.

I have thought about that possibility and I think it is coming, however governments need to keep appearances, they are heavy regulating the industry now because making it illegal will simply not sit well with many of their citizens as they will wonder why they are making illegal something that damages no one directly, however they will take this step once their economies are in an even bigger trouble than what they are now, but at that point people will be left with a difficult decision, do they leave the market or they go hungry? And for the most part people will choose to ignore the law under those circumstances.

The state will not ban cryptocurrency completely until it finally comes to the conclusion that it cannot control it. As you know yourself, the government knows best the tactics is "you can't win - join".
And if you were an ardent supporter of cryptocurrencies yesterday, then today you are happy to pass KYC and issue a crypto card without even thinking that this is just the beginning.

[bits4books]

You can be sure about that, governments are going to fight cryptocurrencies with everything they got, having a currency they can manipulate at will has being a great part of their arsenal when it comes to manipulate the economy and bitcoin does not allow that so they hate it and that is why they have not wanted to accept it, but now that their economy is in such a bad shape they might as well try to regulate the industry to get some money out of it but I think even those attempts will eventually fail.

That's the thing - the hatred of cryptocurrencies on the part of states will lead to what it all started with. Cryptocurrencies will return to the status of "entertainment for the marginalized" and will be stigmatized by society. There will be quite real prison sentences for using cryptocurrencies, for mining, for having crypto-wallets and accounts on exchanges.
If now the "Golden Age" of cryptocurrencies continues and this is good , then you still need to remember that all good things end very quickly, especially if your "good" very much prevents those who are above you from sleeping.

You guys are forgetting one thing : Governments could literally take advantage of this situation instead of fight it and that seems to be what they are doing these days as well. You think crypto will be your way out, and you think because governments are doing so many bad things with finance, with crypto you could finally have your financial freedom.

Meanwhile governments look at crypto and they are thinking "if wrapped bitcoin is a thing, I could just let banks deal with their own wrapped crypto and do the same" , so basically whatever banks do, and whatever governments do, they can still do it with crypto, even though they obviously can't do it directly with bitcoin itself (since blockchain is public) they could simply just use other tech to "represent" bitcoin instead of using it directly. Hence, I think governments and banks will be happy to support bitcoin and promote it and be on "our side" while making ton of profits from it.

Just the same, for example, I do not forget about it. While people around argue about the need for KYC or it violates the principles of cryptocurrencies as such other less interested in such matters users calmly and without further thought merge their personal data into KYC and still hope that this is not the same as issuing a card in a regular bank.
In 5-6 years, no one will notice how the entire cryptocurrency that is so zealously guarded by fans of anonymity will either be destroyed or be under control and you will not do anything about it.

[angrynerd88]

As a speedy review, Bitcoin is more unsafe than the conventional fiat monetary standards. In any case, these two con not be compared since bitcoin isn't a cash it's an resource like gold, oil. With a few esteem. The fiat conventional monetary standards are centralized and controlled by someone while bitcoin isn't . Conventional monetary standards got boundless add up to supply and any central bank can print cash whereas bitcoin isn't .In case the inflation rate fiat monetary standards are losing esteem whereas as you'll see on the advertise bitcoin is getting more important due course of time.

[AndySt]

As a speedy review, Bitcoin is more unsafe than the conventional fiat monetary standards. In any case, these two con not be compared since bitcoin isn't a cash it's an resource like gold, oil. With a few esteem. The fiat conventional monetary standards are centralized and controlled by someone while bitcoin isn't . Conventional monetary standards got boundless add up to supply and any central bank can print cash whereas bitcoin isn't .In case the inflation rate fiat monetary standards are losing esteem whereas as you'll see on the advertise bitcoin is getting more important due course of time.

Bitcoin will become over time an increasingly important investment asset for saving money from inflation, and for everything else, fiat standards have been and will remain, because behind all this is the state power. Money without inflation is useful in emergency situations for a short time, in all other cases, reasonable inflation is much more useful, because it helps economic growth.

[Spaffin]

One way or another, Bitcoin today looks more attractive than any national currency. In connection with the economic crisis, the government is solving economic problems by increasing the volume of the money supply. In my opinion, inflation is not the best way out of this situation. This is why Bitcoin has become the best investment alternative.

[Rehan Zakir]

Bitcoin is the King of the digital currencies. Most of the countries are adopting bitcoin for payment method. We can buy goods and services through bitcoin. But the digital currency cannot takes the place of paper currency. But mostly peoples believes that the paper currency is the real currency is the world
Due to the COVID-19 most of the business were stopped. So, many peoples adopted digital currency for trading,

[sapnu]

Both cryptocurrency and fiat have their own importance in this world. We cannot easily adopt cryptocurrency as our currency since it has still some disadvantages like not all of the countries in this world are recognizing the nature and the use of cryptocurrency, they are thinking that it is a scam, which is actually not. We still need traditional cryptocurrency as our currency as a payment method since the technology that involves crypto is not that innovated and cannot be used or not be able to use by all people.

[FlightyPouch]

One way or another, Bitcoin today looks more attractive than any national currency. In connection with the economic crisis, the government is solving economic problems by increasing the volume of the money supply. In my opinion, inflation is not the best way out of this situation. This is why Bitcoin has become the best investment alternative.

That is it until the end an alternative. I am not hoping bitcoin to be the main currency in the future but I am hoping to be able to use bitcoin without selling it or converting it to fiat. There are a lot of mobile adresses that can be scanned in stores or shops and with the more use of internet in our lives, it will not be impossible.

Government will not be the same as time goes by. People sitting there would be them same with us that understands and know the capabilities and functions of bitcoin that is why I know it will happen.

[AndySt]

One way or another, Bitcoin today looks more attractive than any national currency. In connection with the economic crisis, the government is solving economic problems by increasing the volume of the money supply. In my opinion, inflation is not the best way out of this situation. This is why Bitcoin has become the best investment alternative.

I would correct you-excessive inflation and would be happy if you offer your fast-working options to get out of the current situation, because delay can be a defeat in the elections  It is simply necessary to separate the state interests and the interests of the population. If in the interests of the state, inflation is a useful tool for economic growth and solving problems of the treasury, then the population is not interested in a cheaper currency.

[bosede1]

We are in a technology world where the computer is replacing human beings in performing some certain task this is not achieved in a day. I see bitcoin replacing traditional currency in the future which I can tell you a vivid date but I look towards a day to come for it

[Freeesta]

Cryptocurrency is becoming more and more popular every day, many shops and large companies are actively using cryptocurrency. But cryptocurrency is not yet capable of replacing fiat money, for cryptocurrency to become a world currency, it is necessary to introduce its use in all countries. It is very problematic to do this, since many countries do not trust cryptocurrency and are not going to support it because it is extremely difficult to control it.

[AndySt]

Cryptocurrency is becoming more and more popular every day, many shops and large companies are actively using cryptocurrency. But cryptocurrency is not yet capable of replacing fiat money, for cryptocurrency to become a world currency, it is necessary to introduce its use in all countries. It is very problematic to do this, since many countries do not trust cryptocurrency and are not going to support it because it is extremely difficult to control it.

If many shopes and companies were actively using cryptocurrency, as you say, we would see the price of bitcoin and ether not at current levels, but at least two or three times higher. But unfortunately, at this point in time, bitcoin serves only as an investment asset, a kind of substitute for gold, which ideally can hedge investors ' losses from the current pandemic risks and excessive pace of printing presses in the global economy.