Bitcoin replaces the money? Could happen? - page 16.

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: passwordnow on September 30, 2016, 02:27:11 AM

Quote from: bitlancr on September 30, 2016, 02:23:10 AM

Yes bitcoin COULD replace the money theoretically but I don't think it will ever reach high enough powers to be able to do that though.
USD etc has such a big foundation that it's near impossible to knock it off it's throne if you ask me.

I do believe also that fiat money will be replaced by a digital money that is just like going to be implemented first by US government but I don't think if they are going to rely with bitcoin. It is going to be cashless society and that is going to be implanted with the use of a microchip and that is going to be your wallet and by just scanning it to supermarkets you are going to pay your groceries conveniently and fast.

Now imagine how the limited supply of coins can support all people in the world. Since bitcoin will replace it's money it must surpass the total numbers of printed money by every country. And take note, some will hoard bitcoin so it's not making sense to believe that bitcoin can replace money.

The good thing here is, we have many options to choose. Why bother replacement if we can get benefits from both of the party.

freedomgo

legendary

Activity: 3248

Merit: 1160

Playbet.io - Crypto Casino and Sportsbook

Quote from: newcoins1978 on September 30, 2016, 03:08:05 AM

Maybe this could happen I just don't see it happening right now cause bitcoin is quite big with big foundation but the fiat is way too big and exist to long to just kick off the throne.
So because of this reason I don't think it will ever happen but it wil be healthy competition to eachother.

Actually there is no competition between the two, they are both useful bitcoin is good for online transaction and while money dominate the real world offline transaction, I think they have both good benefits so instead of comparing them we should just thank them.

newcoins1978

sr. member

Activity: 406

Merit: 250

Maybe this could happen I just don't see it happening right now cause bitcoin is quite big with big foundation but the fiat is way too big and exist to long to just kick off the throne.
So because of this reason I don't think it will ever happen but it wil be healthy competition to eachother.

Mastsetad

sr. member

Activity: 672

Merit: 250

Quote from: bitlancr on September 30, 2016, 02:23:10 AM

Yes bitcoin COULD replace the money theoretically but I don't think it will ever reach high enough powers to be able to do that though.
USD etc has such a big foundation that it's near impossible to knock it off it's throne if you ask me.

Exactly, those currencies have been around for centuries and people around the world has been using them from a really long time so they would probably not suddenly accept something else in place of that.

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

Quote from: bitlancr on September 30, 2016, 02:23:10 AM

Yes bitcoin COULD replace the money theoretically but I don't think it will ever reach high enough powers to be able to do that though.
USD etc has such a big foundation that it's near impossible to knock it off it's throne if you ask me.

I do believe also that fiat money will be replaced by a digital money that is just like going to be implemented first by US government but I don't think if they are going to rely with bitcoin. It is going to be cashless society and that is going to be implanted with the use of a microchip and that is going to be your wallet and by just scanning it to supermarkets you are going to pay your groceries conveniently and fast.

bitlancr

hero member

Activity: 616

Merit: 500

Yes bitcoin COULD replace the money theoretically but I don't think it will ever reach high enough powers to be able to do that though.
USD etc has such a big foundation that it's near impossible to knock it off it's throne if you ask me.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: agustina2 on September 30, 2016, 12:01:56 AM

Quote from: Harlot on September 29, 2016, 11:52:40 PM

It's not about the price, right now Bitcoin's price is higher than any Fiat currency we have. For Long Term Investors it is all about the longevity of Bitcoin, Right now I don't have the proper prediction at until when will Bitcoin last, as a long term investor I am worried that one day people won't use Bitcoin because of many factors surrounding it like how people use it to scam or when there is no Bitcoin to be mined.

You need some education. You are only seeing the "numbers". You think bitcoin price is higher than any fiat currency? Yes in numbers "if you see them" but what about the other thing? Stability? Volatility?

Didn't you know that fiat currency even for a centavos movement in their exchange rate really gives a big impact in one country's economy?

Thats true, digital currency couldnt be really compared to a paper currency itself although it may surpass on numbers but still it wouldnt have a chance to replace fiat anytime soon. Paper currency is being used on how many decades and theres no way that it could replace by bitcoin.

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: Harlot on September 29, 2016, 11:52:40 PM

It's not about the price, right now Bitcoin's price is higher than any Fiat currency we have. For Long Term Investors it is all about the longevity of Bitcoin, Right now I don't have the proper prediction at until when will Bitcoin last, as a long term investor I am worried that one day people won't use Bitcoin because of many factors surrounding it like how people use it to scam or when there is no Bitcoin to be mined.

You need some education. You are only seeing the "numbers". You think bitcoin price is higher than any fiat currency? Yes in numbers "if you see them" but what about the other thing? Stability? Volatility?

Didn't you know that fiat currency even for a centavos movement in their exchange rate really gives a big impact in one country's economy?

Harlot

hero member

Activity: 1806

Merit: 672

Quote from: Ziskinberg on September 29, 2016, 07:55:32 PM

Quote from: lister storm on September 29, 2016, 05:59:34 PM

Quote from: agustina2 on September 29, 2016, 12:37:51 PM

Quote from: Harlot on September 29, 2016, 09:17:15 AM

Quote from: Ryananda on September 29, 2016, 08:03:25 AM

Quote from: gigi160303 on September 29, 2016, 06:33:23 AM

Bitcoin instead of money, as of now, it sounds ridiculous, but we can't predict the future, perhaps ten years after twenty years, more and more people know the use of bitcoin, bitcoins, then it will become a reality

Yes bitcoin might not be able to replace the money. Although bitcoin will develop it will not be able to replace the money because it is not as currency bitcoin, but digital currency that can only be used online.

It is not bad to be optimistic about the Bitcoin's future but we need to face the reality, in order for Bitcoin to support the entire world I think 21,000,000 is not enough for us 6 Billion and counting living in Earth, also many people will take advantage of hoarding Bitcoin for its price to get up and also Bitcoin's price has a fiat value equivalent what will happen if they demonetized fiat currency? My guess that it will create chaos not only in it's price but also everything that revolves around money.

Sometimes those bitcoin lovers are dreaming too much. Im a bitcoin lover too but not to the point that I will take my desire to an unexplanable one.

Never seeing such valid point why other people agrees that fiat money today can be replaced.

i love bitcoins too and i dont expect its price to go too much up or replace dollar because i know that it is impossible

It's good to be optimistic but not too realistic, even bitcoin will become so popular it cannot compete with dollars which is a very strong currency and not will even happen in the future.

It's not about the price, right now Bitcoin's price is higher than any Fiat currency we have. For Long Term Investors it is all about the longevity of Bitcoin, Right now I don't have the proper prediction at until when will Bitcoin last, as a long term investor I am worried that one day people won't use Bitcoin because of many factors surrounding it like how people use it to scam or when there is no Bitcoin to be mined.

Leonard2016

hero member

Activity: 1036

Merit: 520

Quote from: goldcoinminer on September 29, 2016, 11:27:22 PM

Quote from: milewilda on September 29, 2016, 09:42:59 PM

Quote from: b-trading on December 25, 2015, 07:35:48 AM

Quote from: Patatas on December 25, 2015, 02:03:55 AM

No it will never happen.As you've mentioned about stores accepting bitcoins that is fine,we can even expect big players like Amazon or Ebay to star accepting bitcoins as an alternate paying method but they won't completely replace the fiat.The government will never allow that for obvious reasons.

You are right, bitcoin will never replace fiat money in any country in this world, it will never happen. The best thing for bitcoin is to be an alternative payment for internet trading for people in around the world.

Yes and thats the bitcoin limitation which it could be used only on online transaction it may used for some countries by currency itself but it wont spread or adopt all over the world and also bitcoin is dependent on the value of fiat, If he could surpass it maybe it would control but it wont happen anytime soon.

People will only use when bitcoin will be legalize and the government will help on spreading on how to use bitcoin for the benefits of the majority, but what I am seeing is that there are some rich politician who protects the interest of the rich individuals, so if there will be a conflict of interest or they will see that bitcoin will be a treat they will not support it.

people will be using bitcoin even if it is not legal and they will continue using it.

they are currently using bitcoin despite the fact that it is neither legal nor illegal but making it legal will only help it be used "more" and maybe help the merchants start accepting it, that is all.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: milewilda on September 29, 2016, 09:42:59 PM

Quote from: b-trading on December 25, 2015, 07:35:48 AM

Quote from: Patatas on December 25, 2015, 02:03:55 AM

No it will never happen.As you've mentioned about stores accepting bitcoins that is fine,we can even expect big players like Amazon or Ebay to star accepting bitcoins as an alternate paying method but they won't completely replace the fiat.The government will never allow that for obvious reasons.

You are right, bitcoin will never replace fiat money in any country in this world, it will never happen. The best thing for bitcoin is to be an alternative payment for internet trading for people in around the world.

Yes and thats the bitcoin limitation which it could be used only on online transaction it may used for some countries by currency itself but it wont spread or adopt all over the world and also bitcoin is dependent on the value of fiat, If he could surpass it maybe it would control but it wont happen anytime soon.

People will only use when bitcoin will be legalize and the government will help on spreading on how to use bitcoin for the benefits of the majority, but what I am seeing is that there are some rich politician who protects the interest of the rich individuals, so if there will be a conflict of interest or they will see that bitcoin will be a treat they will not support it.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: b-trading on December 25, 2015, 07:35:48 AM

Quote from: Patatas on December 25, 2015, 02:03:55 AM

No it will never happen.As you've mentioned about stores accepting bitcoins that is fine,we can even expect big players like Amazon or Ebay to star accepting bitcoins as an alternate paying method but they won't completely replace the fiat.The government will never allow that for obvious reasons.

You are right, bitcoin will never replace fiat money in any country in this world, it will never happen. The best thing for bitcoin is to be an alternative payment for internet trading for people in around the world.

Yes and thats the bitcoin limitation which it could be used only on online transaction it may used for some countries by currency itself but it wont spread or adopt all over the world and also bitcoin is dependent on the value of fiat, If he could surpass it maybe it would control but it wont happen anytime soon.

Ziskinberg

hero member

Activity: 3010

Merit: 666

Quote from: lister storm on September 29, 2016, 05:59:34 PM

Quote from: agustina2 on September 29, 2016, 12:37:51 PM

Quote from: Harlot on September 29, 2016, 09:17:15 AM

Quote from: Ryananda on September 29, 2016, 08:03:25 AM

Quote from: gigi160303 on September 29, 2016, 06:33:23 AM

Bitcoin instead of money, as of now, it sounds ridiculous, but we can't predict the future, perhaps ten years after twenty years, more and more people know the use of bitcoin, bitcoins, then it will become a reality

Yes bitcoin might not be able to replace the money. Although bitcoin will develop it will not be able to replace the money because it is not as currency bitcoin, but digital currency that can only be used online.

It is not bad to be optimistic about the Bitcoin's future but we need to face the reality, in order for Bitcoin to support the entire world I think 21,000,000 is not enough for us 6 Billion and counting living in Earth, also many people will take advantage of hoarding Bitcoin for its price to get up and also Bitcoin's price has a fiat value equivalent what will happen if they demonetized fiat currency? My guess that it will create chaos not only in it's price but also everything that revolves around money.

Sometimes those bitcoin lovers are dreaming too much. Im a bitcoin lover too but not to the point that I will take my desire to an unexplanable one.

Never seeing such valid point why other people agrees that fiat money today can be replaced.

i love bitcoins too and i dont expect its price to go too much up or replace dollar because i know that it is impossible

It's good to be optimistic but not too realistic, even bitcoin will become so popular it cannot compete with dollars which is a very strong currency and not will even happen in the future.

lister storm

hero member

Activity: 770

Merit: 500

Quote from: agustina2 on September 29, 2016, 12:37:51 PM

Quote from: Harlot on September 29, 2016, 09:17:15 AM

Quote from: Ryananda on September 29, 2016, 08:03:25 AM

Quote from: gigi160303 on September 29, 2016, 06:33:23 AM

Bitcoin instead of money, as of now, it sounds ridiculous, but we can't predict the future, perhaps ten years after twenty years, more and more people know the use of bitcoin, bitcoins, then it will become a reality

Yes bitcoin might not be able to replace the money. Although bitcoin will develop it will not be able to replace the money because it is not as currency bitcoin, but digital currency that can only be used online.

It is not bad to be optimistic about the Bitcoin's future but we need to face the reality, in order for Bitcoin to support the entire world I think 21,000,000 is not enough for us 6 Billion and counting living in Earth, also many people will take advantage of hoarding Bitcoin for its price to get up and also Bitcoin's price has a fiat value equivalent what will happen if they demonetized fiat currency? My guess that it will create chaos not only in it's price but also everything that revolves around money.

Sometimes those bitcoin lovers are dreaming too much. Im a bitcoin lover too but not to the point that I will take my desire to an unexplanable one.

Never seeing such valid point why other people agrees that fiat money today can be replaced.

i love bitcoins too and i dont expect its price to go too much up or replace dollar because i know that it is impossible

Iceborn

sr. member

Activity: 266

Merit: 250

Maybe in the far future its possible for the bitcoin to take over the world and let everyone use it to pay things in physical stores.
If that would happen it could replace the whole money system without any doubts.

Mersedes

full member

Activity: 223

Merit: 250

Even if bitcoin takes the leading position that still need to be put to use some of the items that will serve as a "mediator" in the exchange. Today it is the paper money of any currency.

vero

hero member

Activity: 518

Merit: 500

Quote from: agustina2 on September 29, 2016, 12:37:51 PM

Quote from: Harlot on September 29, 2016, 09:17:15 AM

Quote from: Ryananda on September 29, 2016, 08:03:25 AM

Quote from: gigi160303 on September 29, 2016, 06:33:23 AM

Bitcoin instead of money, as of now, it sounds ridiculous, but we can't predict the future, perhaps ten years after twenty years, more and more people know the use of bitcoin, bitcoins, then it will become a reality

Yes bitcoin might not be able to replace the money. Although bitcoin will develop it will not be able to replace the money because it is not as currency bitcoin, but digital currency that can only be used online.

It is not bad to be optimistic about the Bitcoin's future but we need to face the reality, in order for Bitcoin to support the entire world I think 21,000,000 is not enough for us 6 Billion and counting living in Earth, also many people will take advantage of hoarding Bitcoin for its price to get up and also Bitcoin's price has a fiat value equivalent what will happen if they demonetized fiat currency? My guess that it will create chaos not only in it's price but also everything that revolves around money.

Sometimes those bitcoin lovers are dreaming too much. Im a bitcoin lover too but not to the point that I will take my desire to an unexplanable one.

Never seeing such valid point why other people agrees that fiat money today can be replaced.

yeah correctly there is no point for dreaming bitcoin can replace money. why we not push bitcoin as a investment option even hard to replace gold as the best investment but i think this thing more relevant.

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: Harlot on September 29, 2016, 09:17:15 AM

Quote from: Ryananda on September 29, 2016, 08:03:25 AM

Quote from: gigi160303 on September 29, 2016, 06:33:23 AM

Bitcoin instead of money, as of now, it sounds ridiculous, but we can't predict the future, perhaps ten years after twenty years, more and more people know the use of bitcoin, bitcoins, then it will become a reality

Yes bitcoin might not be able to replace the money. Although bitcoin will develop it will not be able to replace the money because it is not as currency bitcoin, but digital currency that can only be used online.

It is not bad to be optimistic about the Bitcoin's future but we need to face the reality, in order for Bitcoin to support the entire world I think 21,000,000 is not enough for us 6 Billion and counting living in Earth, also many people will take advantage of hoarding Bitcoin for its price to get up and also Bitcoin's price has a fiat value equivalent what will happen if they demonetized fiat currency? My guess that it will create chaos not only in it's price but also everything that revolves around money.

Sometimes those bitcoin lovers are dreaming too much. Im a bitcoin lover too but not to the point that I will take my desire to an unexplanable one.

Never seeing such valid point why other people agrees that fiat money today can be replaced.

marcuslong

legendary

Activity: 1036

Merit: 1002

Quote from: Ryananda on December 25, 2015, 02:01:09 AM

Now in some places to buy goods directly can use bitcoin, how to conduct transactions directly using bitcoin? Because I place no purchases using bitcoin.

Nowadays has developed, which initially buy goods directly can only be used with the currency and credit cards, and can now use bitcoin although only in some places. Is it possible that the next few years means of exchange for transactions money initially turned into bitcoin?

What do you think about this?

How dare you to ask something like that ofcourse bitcoin will never place money at all money it our sign that we are still using it for daily lives and it is a symble of what country we are we and it can really exchange with another currency like EURO to USD and many more.

mastica

hero member

Activity: 938

Merit: 500

Bitcoin could replace, but the price of 1 single bitcoin would have to be maybe 200k dollars as the global economy is quite high compared to bitcoin value, anyway would be funny to see 0,001 worthing near 1 milion or more. But bitcoin at this stage cant replace the fiat, because the decentralization, a new bitcoin can be built controlled by all the countries.

Topic: Bitcoin replaces the money? Could happen? - page 16. (Read 86045 times)