Bitcoin can not replace fiat - page 99.

BeGoods

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Quote from: dunfida on October 05, 2016, 01:39:57 AM

Quote from: madwica on October 04, 2016, 11:03:48 PM

Quote from: social crypto comunity on October 04, 2016, 10:10:06 PM

this bitcoin never can replace and take over fiat money real money
because bitcoin is nothing physic only digital curency
and no high regulate in all country

Agree that bitcoin can only use in online transactions and fiat is much usable in our daily living even though we can do more profit in bitcoin and it will be more popular in the future fiat is still remain in the world.

Indeed, it would still remain and fiat couldnt be replaced by any digital currency out there even bitcoin. As you said bitcoin is only used online transaction maybe there are some merchants do accept in physical form but its not fully adopted to be considered to be succesful just like on fiat.

I agree with you though bitcoin will be popular and used by many stores as a payment option, but I'm sure that bitcoin will not be able to replace fiat, I think bitcoin is nothing but as a payment option or commodity investment alone will not likely replace fiat

danherbias07

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Quote from: xIIImaL on October 05, 2016, 09:47:33 PM

Quote from: diodio5 on October 05, 2016, 06:12:44 PM

Quote from: social crypto comunity on October 04, 2016, 10:10:06 PM

this bitcoin never can replace and take over fiat money real money
because bitcoin is nothing physic only digital curency
and no high regulate in all country

just because bitcoin digital currency instead of cash, but it does not mean bitcoin can not replace fiat? though it sounds impossible,
but I think if bitcoin is used by most people in the world, it is not possible fame of bitcoin could exceed fiat right ?

As I think bitcoin will replace the fiat currency through out the world but it will take some decades. All countries will adopt one altcoin as their national currency. I don't who will bitcoin national currency holder. Mpst probably it will be USA or Japan only.

And where did this come from? Just an opinion or there are facts and proofs? If there is one I would really love to read them and do some more research regarding it.

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Quote from: xIIImaL on October 05, 2016, 09:47:33 PM

Quote from: diodio5 on October 05, 2016, 06:12:44 PM

Quote from: social crypto comunity on October 04, 2016, 10:10:06 PM

this bitcoin never can replace and take over fiat money real money
because bitcoin is nothing physic only digital curency
and no high regulate in all country

just because bitcoin digital currency instead of cash, but it does not mean bitcoin can not replace fiat? though it sounds impossible,
but I think if bitcoin is used by most people in the world, it is not possible fame of bitcoin could exceed fiat right ?

As I think bitcoin will replace the fiat currency through out the world but it will take some decades. All countries will adopt one altcoin as their national currency. I don't who will bitcoin national currency holder. Mpst probably it will be USA or Japan only.

It will not take decades because it will not happen, there is no way only bitcoin will rule in the world, so what will happen for this non regulated coins? Maybe there will be a big chaos that is going to happen as whales might manipulate the price base on their favor and we do not want to be a victim of them.

xIIImaL

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Quote from: diodio5 on October 05, 2016, 06:12:44 PM

Quote from: social crypto comunity on October 04, 2016, 10:10:06 PM

this bitcoin never can replace and take over fiat money real money
because bitcoin is nothing physic only digital curency
and no high regulate in all country

just because bitcoin digital currency instead of cash, but it does not mean bitcoin can not replace fiat? though it sounds impossible,
but I think if bitcoin is used by most people in the world, it is not possible fame of bitcoin could exceed fiat right ?

As I think bitcoin will replace the fiat currency through out the world but it will take some decades. All countries will adopt one altcoin as their national currency. I don't who will bitcoin national currency holder. Mpst probably it will be USA or Japan only.

diodio5

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Quote from: social crypto comunity on October 04, 2016, 10:10:06 PM

this bitcoin never can replace and take over fiat money real money
because bitcoin is nothing physic only digital curency
and no high regulate in all country

just because bitcoin digital currency instead of cash, but it does not mean bitcoin can not replace fiat? though it sounds impossible,
but I think if bitcoin is used by most people in the world, it is not possible fame of bitcoin could exceed fiat right ?

BlackPanda

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for me a fiat currency has become a liability. especially in an area there are not able to accept the technology. they still apply the traditional system which in fact uses fiat as the primary payment media.

crairezx20

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Op is thinking about replace fiat by bitcoin it is impossible for me to think that it can be happen because bitcoin is just alternative payment gateway online.. and bitocin still not accepting locally..

ethereumhunter

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Quote from: Bitcoinbro on October 05, 2016, 08:44:12 AM

Well bitcoin does have a chance to do it but it's not really up to bitcoin it's more up to the events around it alot of stuff would have to happen for fiat to go down like that.
So I think bitcoin won't replace fiat but it will be a good competitor at the very least.

but it could happen if the government make another statement and decide to use bitcoin as the primary payment for any of transaction and its really need times to make it happen.

and for now, i think bitcoin will be walk with fiat and together bitcoin and fiat can make people to get money.

goinmerry

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Quote from: Bitcoinbro on October 05, 2016, 08:44:12 AM

Well bitcoin does have a chance to do it but it's not really up to bitcoin it's more up to the events around it alot of stuff would have to happen for fiat to go down like that.
So I think bitcoin won't replace fiat but it will be a good competitor at the very least.

Competitor sounds good but still there are a lot to consider. First is the physical thing. Most of the society tends to believe in something they can really see physically and touch. That case will be a lot of problem for bitcoin. So it is still a no go.

Legasean

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Off course cant bitcoin replace fiat and other wise also becuase they both exist out of the same value right fiat has a higher value but dollars are always the same ithink they will survive boith.

newcoins1978

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Quote from: BitcoinPC on May 07, 2016, 06:00:26 AM

Yes, it is not possible, bitcoin can't replace into fiat, as it is bitcoin is good for us, we can use in trading and so many others ways where we are using the bitcoins, we also need fiat for bitcoin's price.

I also think bitcoin can't replace fiat purely because bitcoin is lacking the foundation that fiat has and the manpower behind it.
Too many powerful people rich on fiat already it will not be going anywhere anytime soon.

Bitcoinbro

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Well bitcoin does have a chance to do it but it's not really up to bitcoin it's more up to the events around it alot of stuff would have to happen for fiat to go down like that.
So I think bitcoin won't replace fiat but it will be a good competitor at the very least.

DuckKeeper

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Bitcoin and fiat are both exisrt out of the same thing and that is dollars fiat has other users than bitcoin because the value of fiat is really high only rich people are using them right now not very pleased to buy fiat.

goinmerry

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Quote from: blackmachinegun on October 05, 2016, 01:42:24 AM

Quote from: DuckKeeper on October 04, 2016, 08:48:09 AM

That is true i dont think that the bitcoin can replaced by the fiat because the fiat has a other currency so they cant compare with each other becuase the fiat is many times higher right now.

what if bitcoin is used by most people in the world, you could see that the development of bitcoin is spreading and more people start using bitcoin, if many people in the world using bitcoin, bitcoin future certainly will be very much. bitcoin certainly also going to be strong? what do you think now?

All of what you say will still end up with one conclusion. Is bitcoin really that popular now? It is crawling when it comes to addition of new users. We have a really slow adaption I dont think we will get to that in our lifetime. It needs a bigger impact or advertusement.

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yes , still it is right that the bitcoin can't replace fiat but i think it will atleast results in the less use of fiat . because globally popularity of bitcoin increases so it is to say easy that less person will use fiat .

blackmachinegun

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Quote from: DuckKeeper on October 04, 2016, 08:48:09 AM

That is true i dont think that the bitcoin can replaced by the fiat because the fiat has a other currency so they cant compare with each other becuase the fiat is many times higher right now.

what if bitcoin is used by most people in the world, you could see that the development of bitcoin is spreading and more people start using bitcoin, if many people in the world using bitcoin, bitcoin future certainly will be very much. bitcoin certainly also going to be strong? what do you think now?

dunfida

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Quote from: madwica on October 04, 2016, 11:03:48 PM

Quote from: social crypto comunity on October 04, 2016, 10:10:06 PM

this bitcoin never can replace and take over fiat money real money
because bitcoin is nothing physic only digital curency
and no high regulate in all country

Agree that bitcoin can only use in online transactions and fiat is much usable in our daily living even though we can do more profit in bitcoin and it will be more popular in the future fiat is still remain in the world.

Indeed, it would still remain and fiat couldnt be replaced by any digital currency out there even bitcoin. As you said bitcoin is only used online transaction maybe there are some merchants do accept in physical form but its not fully adopted to be considered to be succesful just like on fiat.

madwica

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Quote from: social crypto comunity on October 04, 2016, 10:10:06 PM

this bitcoin never can replace and take over fiat money real money
because bitcoin is nothing physic only digital curency
and no high regulate in all country

Agree that bitcoin can only use in online transactions and fiat is much usable in our daily living even though we can do more profit in bitcoin and it will be more popular in the future fiat is still remain in the world.

social crypto comunity

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this bitcoin never can replace and take over fiat money real money
because bitcoin is nothing physic only digital curency
and no high regulate in all country

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Quote from: asuryan180 on October 04, 2016, 09:40:26 PM

Actually I think BTC replacing cash doesn't seem something to happen right now,maybe after BTC highly grows it's market and the people who use it,also all stores have to accept BTC which they don't as of now.The whole payment infrastrucuture have to be handled around BTC and as time goes by it may happen,but it strongly depends on the BTC growth and how fast it happens.

I doubt it if those things that you've mentioned would happen since most of the big transactions done anywhere in the world is done using fiat and banks also keeps on improving it..I think fiat will still be fiat and nothing change that, it's impossible for bitcoin to replace fiat... Online shops, banks, and government run offices also process payments using fiat with the use of banks, they could transfer money from one end to other with no problem, and right now they are into improving those processes for the betterment... In short, that's impossible...

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