Topic: Bitcoin can not replace fiat - page 54. (Read 163801 times)
I don't predict that Bitcoin will eventually replace the fiat currencies we are used to be utilizing for hundred of years. It can however be complimenting each other. The nature of Bitcoin right now is still in the "investment" stage...including its high volatility rate which can affect inflation if totally used to replace the fiat money. Bitcoin and fiat can go hand in hand and be complimenting each other but will not really be killing each other. Both have roles to play and they can be used both with ease and convenience. Plastic did not kill fiat money though it was predicted to be doing it many decades ago.
In certain ways bitcoins cant replace, No government will allow that to happen, The government wants to monitor purchases by the people and the moment bitcoins is what everyone uses and the government cant monitor it, They will crack it down .
the key is the government's true, as long as the government still prohibits bitcoin bitcoin will continue the illegal and it will make the user is limited in use bitcoin.Yes and I don't think that Government will ever support bitcoins as they will loose all their control from the money that they are having on fiat at a moment and that will make some people to stay away from bitcoins as they will find it illegal source of income.
I agree with you. In fact, only a small percentage of the world's population knows about the cryptocurrency. Therefore, the crypto currency will not soon catch up with the popularity of Fiat. And hardly ever replace the Fiat
It is not really able to make it, that is the fact with bitcoin. And bitcoin will always be treated as an investment by most of the people, though many of us are already using it as an online currency. But there would be one day that the fiat will be upgraded into something that has the same idea with bitcoin and other crypto's.
Yes, bitcoins are now considered by many people as investments. This is due to the fact that the price of bitcoin is growing. In the long term, it can grow several times.
Few people use bitcoins to buy everyday products
Actually as of now in most of the countries, we can't buy any everyday products using bitcoins directly because they are not so popular in mainstream business yet. Bitcoins are more popular in the gambling industry. But for investment purpose, it is quite good because of its high price fluctuations we can make some profits regularly.
Fiat has been fully involved in our daily lives and it will take a lot of time to completely eliminate it and start using bitcoins. Bitcoins has started replacing credits cards which were being used online.
Yeah the usage and users of fiat are more in compare to bitcoins and spending fiat is easy in compare to spending bitcoins and even in future most of the people will prefer to use bitcoin only for online transactions and for offline they will prefer fiat.
It does not depend on people. Many people agree to buy food for bitcoins. But they do not have such an opportunity. Stores do not sell goods for bitcoins. I hope that in the future I can buy anything for bitcoin. And then I will definitely forget about Fiat
That's right and even now people prefer to use credit cards for shopping as they don't want to carry hard cash in their wallet and once people will start knowing bitcoins they will follow the same and will start buying goods with bitcoins.
I agree with you. In fact, only a small percentage of the world's population knows about the cryptocurrency. Therefore, the crypto currency will not soon catch up with the popularity of Fiat. And hardly ever replace the Fiat
It is not really able to make it, that is the fact with bitcoin. And bitcoin will always be treated as an investment by most of the people, though many of us are already using it as an online currency. But there would be one day that the fiat will be upgraded into something that has the same idea with bitcoin and other crypto's.
Yes, bitcoins are now considered by many people as investments. This is due to the fact that the price of bitcoin is growing. In the long term, it can grow several times.
Few people use bitcoins to buy everyday products
Actually as of now in most of the countries, we can't buy any everyday products using bitcoins directly because they are not so popular in mainstream business yet. Bitcoins are more popular in the gambling industry. But for investment purpose, it is quite good because of its high price fluctuations we can make some profits regularly.
Fiat has been fully involved in our daily lives and it will take a lot of time to completely eliminate it and start using bitcoins. Bitcoins has started replacing credits cards which were being used online.
Yeah the usage and users of fiat are more in compare to bitcoins and spending fiat is easy in compare to spending bitcoins and even in future most of the people will prefer to use bitcoin only for online transactions and for offline they will prefer fiat.
It does not depend on people. Many people agree to buy food for bitcoins. But they do not have such an opportunity. Stores do not sell goods for bitcoins. I hope that in the future I can buy anything for bitcoin. And then I will definitely forget about Fiat
One problem is that bitcoins are becoming impractical because the transaction fees constantly increasing. It would be better to have more transactions than just growth in the transaction fee.
These kinds of issues make bitcoin unattractive to stores, if they are even aware of bitcoin.
I agree with you. In fact, only a small percentage of the world's population knows about the cryptocurrency. Therefore, the crypto currency will not soon catch up with the popularity of Fiat. And hardly ever replace the Fiat
It is not really able to make it, that is the fact with bitcoin. And bitcoin will always be treated as an investment by most of the people, though many of us are already using it as an online currency. But there would be one day that the fiat will be upgraded into something that has the same idea with bitcoin and other crypto's.
Yes, bitcoins are now considered by many people as investments. This is due to the fact that the price of bitcoin is growing. In the long term, it can grow several times.
Few people use bitcoins to buy everyday products
Actually as of now in most of the countries, we can't buy any everyday products using bitcoins directly because they are not so popular in mainstream business yet. Bitcoins are more popular in the gambling industry. But for investment purpose, it is quite good because of its high price fluctuations we can make some profits regularly.
Fiat has been fully involved in our daily lives and it will take a lot of time to completely eliminate it and start using bitcoins. Bitcoins has started replacing credits cards which were being used online.
Yeah the usage and users of fiat are more in compare to bitcoins and spending fiat is easy in compare to spending bitcoins and even in future most of the people will prefer to use bitcoin only for online transactions and for offline they will prefer fiat.
It does not depend on people. Many people agree to buy food for bitcoins. But they do not have such an opportunity. Stores do not sell goods for bitcoins. I hope that in the future I can buy anything for bitcoin. And then I will definitely forget about Fiat
I agree with you. In fact, only a small percentage of the world's population knows about the cryptocurrency. Therefore, the crypto currency will not soon catch up with the popularity of Fiat. And hardly ever replace the Fiat
It is not really able to make it, that is the fact with bitcoin. And bitcoin will always be treated as an investment by most of the people, though many of us are already using it as an online currency. But there would be one day that the fiat will be upgraded into something that has the same idea with bitcoin and other crypto's.
Yes, bitcoins are now considered by many people as investments. This is due to the fact that the price of bitcoin is growing. In the long term, it can grow several times.
Few people use bitcoins to buy everyday products
Actually as of now in most of the countries, we can't buy any everyday products using bitcoins directly because they are not so popular in mainstream business yet. Bitcoins are more popular in the gambling industry. But for investment purpose, it is quite good because of its high price fluctuations we can make some profits regularly.
Fiat has been fully involved in our daily lives and it will take a lot of time to completely eliminate it and start using bitcoins. Bitcoins has started replacing credits cards which were being used online.
Yeah the usage and users of fiat are more in compare to bitcoins and spending fiat is easy in compare to spending bitcoins and even in future most of the people will prefer to use bitcoin only for online transactions and for offline they will prefer fiat.
I agree with you. In fact, only a small percentage of the world's population knows about the cryptocurrency. Therefore, the crypto currency will not soon catch up with the popularity of Fiat. And hardly ever replace the Fiat
It is not really able to make it, that is the fact with bitcoin. And bitcoin will always be treated as an investment by most of the people, though many of us are already using it as an online currency. But there would be one day that the fiat will be upgraded into something that has the same idea with bitcoin and other crypto's.
Yes, bitcoins are now considered by many people as investments. This is due to the fact that the price of bitcoin is growing. In the long term, it can grow several times.
Few people use bitcoins to buy everyday products
Actually as of now in most of the countries, we can't buy any everyday products using bitcoins directly because they are not so popular in mainstream business yet. Bitcoins are more popular in the gambling industry. But for investment purpose, it is quite good because of its high price fluctuations we can make some profits regularly.
Fiat has been fully involved in our daily lives and it will take a lot of time to completely eliminate it and start using bitcoins. Bitcoins has started replacing credits cards which were being used online.
I agree with you. In fact, only a small percentage of the world's population knows about the cryptocurrency. Therefore, the crypto currency will not soon catch up with the popularity of Fiat. And hardly ever replace the Fiat
It is not really able to make it, that is the fact with bitcoin. And bitcoin will always be treated as an investment by most of the people, though many of us are already using it as an online currency. But there would be one day that the fiat will be upgraded into something that has the same idea with bitcoin and other crypto's.
Yes, bitcoins are now considered by many people as investments. This is due to the fact that the price of bitcoin is growing. In the long term, it can grow several times.
Few people use bitcoins to buy everyday products
Actually as of now in most of the countries, we can't buy any everyday products using bitcoins directly because they are not so popular in mainstream business yet. Bitcoins are more popular in the gambling industry. But for investment purpose, it is quite good because of its high price fluctuations we can make some profits regularly.
Fiat has been fully involved in our daily lives and it will take a lot of time to completely eliminate it and start using bitcoins. Bitcoins has started replacing credits cards which were being used online.
In certain ways bitcoins cant replace, No government will allow that to happen, The government wants to monitor purchases by the people and the moment bitcoins is what everyone uses and the government cant monitor it, They will crack it down .
the key is the government's true, as long as the government still prohibits bitcoin bitcoin will continue the illegal and it will make the user is limited in use bitcoin.Yes and I don't think that Government will ever support bitcoins as they will loose all their control from the money that they are having on fiat at a moment and that will make some people to stay away from bitcoins as they will find it illegal source of income.
In certain ways bitcoins cant replace, No government will allow that to happen, The government wants to monitor purchases by the people and the moment bitcoins is what everyone uses and the government cant monitor it, They will crack it down .
the key is the government's true, as long as the government still prohibits bitcoin bitcoin will continue the illegal and it will make the user is limited in use bitcoin. We cannot replace fiat with bitcoin because it has a fluctuated price in the market and I don't think it can be recognized by business owners who wanted stable income, specially nowadays competition is still an outbreak. So don't be discourage because bitcoin still can be a source of sustainable fiat cash, that can be use for your daily life spending on important things which you really needed.
yes currently it look like so but in future when bitcoin will become more popular and when bitcoin will be used by everyone then we can think about that. Bitcoin has started to gain popularity now and many new people are showing their interest in bitcoins and if the same trend continues then we will see much higher price of bitcoins in future but the fact is bitcoin will always be used as a secondary currency and people's first choice will be fiat.
I feel the current path Bitcoin is on is risking everything. Transactions are getting too slow and expensive. The use cases for Bitcoin are be limited by that.
It used to be that Bitcoin had value because it was so much cheaper and faster to transfer to anywhere in the world in almost any amount. What happens when that is no longer true? I'm really struggling to see how the SegWit solution will fix this problem. It appears that Bitcoin is being positioned into something much different than it was. It used to be cool to buy your dinner with BTC, but it won't be so cool with it costs more to do the small transaction than the actual cost of the transaction.
We cannot replace fiat with bitcoin because it has a fluctuated price in the market and I don't think it can be recognized by business owners who wanted stable income, specially nowadays competition is still an outbreak. So don't be discourage because bitcoin still can be a source of sustainable fiat cash, that can be use for your daily life spending on important things which you really needed.
yes currently it look like so but in future when bitcoin will become more popular and when bitcoin will be used by everyone then we can think about that. Bitcoin has started to gain popularity now and many new people are showing their interest in bitcoins and if the same trend continues then we will see much higher price of bitcoins in future but the fact is bitcoin will always be used as a secondary currency and people's first choice will be fiat.
The increasing demand of Bitcoin won't be a factor for it to replace Fiat Currency because even if 50% of the world's population is using Bitcoin most of it will convert it to Fiat. You know why? Because even if Bitcoin becomes widely accepted in the world people would still prefer Fiat Currency which is the most liquid or widely use currency in any place. Also in terms of transaction times we can see that Bitcoin transactions takes a while to confirm compared to transactions that involve Fiat Currency which money do you think is more practical to use while queued in a line? Of course the currency which will take the less time, because honestly if we don't see any improvements in the transaction time of Bitcoin we won't see it being used by the majority of the population.
We cannot replace fiat with bitcoin because it has a fluctuated price in the market and I don't think it can be recognized by business owners who wanted stable income, specially nowadays competition is still an outbreak. So don't be discourage because bitcoin still can be a source of sustainable fiat cash, that can be use for your daily life spending on important things which you really needed.
yes currently it look like so but in future when bitcoin will become more popular and when bitcoin will be used by everyone then we can think about that. Even if bitcoin gets widely used and accepted in future the existence of fiat will always be there as there will be many bunch of people who will prefer to use fiat no matter how popular bitcoin is as people find using fiat easy and older generation will never start using bitcoins.
We cannot replace fiat with bitcoin because it has a fluctuated price in the market and I don't think it can be recognized by business owners who wanted stable income, specially nowadays competition is still an outbreak. So don't be discourage because bitcoin still can be a source of sustainable fiat cash, that can be use for your daily life spending on important things which you really needed.
yes currently it look like so but in future when bitcoin will become more popular and when bitcoin will be used by everyone then we can think about that. 
In certain ways bitcoins cant replace, No government will allow that to happen, The government wants to monitor purchases by the people and the moment bitcoins is what everyone uses and the government cant monitor it, They will crack it down .
The government can not control - you are right. But the government can make conditions for using cryptocurrency very unprofitable. It can enrich the use of bitcoins with large taxes. But to take the cryptocurrency as fiat, it will not be
In certain ways bitcoins cant replace, No government will allow that to happen, The government wants to monitor purchases by the people and the moment bitcoins is what everyone uses and the government cant monitor it, They will crack it down .
We cannot replace fiat with bitcoin because it has a fluctuated price in the market and I don't think it can be recognized by business owners who wanted stable income, specially nowadays competition is still an outbreak. So don't be discourage because bitcoin still can be a source of sustainable fiat cash, that can be use for your daily life spending on important things which you really needed.
That is right, bitcoin is a good asset and it's price is a really good price as a digital currency, we all know the problems of bitcoin, and if bitcoin will replace fiat, then it will not be the only problem of users but all the people. It can turn the whole world into chaos, I am really good and comfortable where bitcoin is at right now, I am enjoying using it, paying my bills and loads with it. It will be a way to sustain yourself fiat, but it will not replace fiat.
Let's say that bitcoin has replaced fiat. There will be other cryptocurrencies that will stand out. Probably the major ones we have right now like Ether, Dash, and Litecoin. But of course I don't know that those will still be the major coins at that time for sure since the wind can change our sails anytime.
Anyway, people will not use only bitcoin. They will not battle their way in in every transaction that they do. After all, there's plenty of choices on what cryptocurrency to use. Maybe every country can even have their own decentralized and unregulated cryptocurrency just so we are not crowded up in the bitcoin transactions.
In other words, in the rise of bitcoins and the fall of fiat, it will be more of a rise of cryptocurrencies because we can't all be using bitcoins because the transactions will be even more slower and/or the transaction fees will become even higher unless they've already solved this issue.
We cannot replace fiat with bitcoin because it has a fluctuated price in the market and I don't think it can be recognized by business owners who wanted stable income, specially nowadays competition is still an outbreak. So don't be discourage because bitcoin still can be a source of sustainable fiat cash, that can be use for your daily life spending on important things which you really needed.
That is right, bitcoin is a good asset and it's price is a really good price as a digital currency, we all know the problems of bitcoin, and if bitcoin will replace fiat, then it will not be the only problem of users but all the people. It can turn the whole world into chaos, I am really good and comfortable where bitcoin is at right now, I am enjoying using it, paying my bills and loads with it. It will be a way to sustain yourself fiat, but it will not replace fiat.
I agree with you. In fact, only a small percentage of the world's population knows about the cryptocurrency. Therefore, the crypto currency will not soon catch up with the popularity of Fiat. And hardly ever replace the Fiat
It is not really able to make it, that is the fact with bitcoin. And bitcoin will always be treated as an investment by most of the people, though many of us are already using it as an online currency. But there would be one day that the fiat will be upgraded into something that has the same idea with bitcoin and other crypto's.
Yes, bitcoins are now considered by many people as investments. This is due to the fact that the price of bitcoin is growing. In the long term, it can grow several times.
Few people use bitcoins to buy everyday products
And if you are aware of the price now, the price is increasing and in line with this progress. Bitcoin still doesn't have the chance to replace fiat. We know it that government will not recognize bitcoin as their main currency but they can recognize it as another form of asset or investment which will help their economy to boost.
Well if you already consider bitcoin as an investment then you should be well aware of it's potential as an alternative currency to fiat. But then that's just about it. Alternative. It can't really replace the fiat system and it doesn't really need to. Fiat can survive even with the emergence of btc
Yep, there's no need for bitcoin to replace the fiat system as it supports that currency and economy. But people and it's user who supports this crypto including us, will be using it as our real money and currency through the web. And the government is not going to allow this to happen because it can destroy the economy.
Jump to: