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Topic: Bitcoin replaces the money? Could happen? - page 2. (Read 86028 times)

sr. member
Activity: 812
Merit: 250
Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual.
I think this is not about digital or metal, but is it bitcoin can replace fiat? I think you're right that the government would never allow foreign currency to enter and replace
Yeah right government will not allow the currency other than the currency of the country to go in and replace it. Because to be a money must have a form that can be used directly, whereas bitcoin has no form. So it is not possible to bitcoin can replace money and become currency.
sr. member
Activity: 1041
Merit: 273
Yeah bitcoin is still not too popular in many corners of the world and people will prefer to use fiat as they are used to it and they are using it since long time.

That's correct, people find fiat convenient and easy to use and fiat is accepted everywhere and we cannot expect that poor and illiterate people will start using bitcoins as bitcoin can be complicated for them and make their spending difficult.
That is true, bitcoin can be used mainly by the educated ones because of it nature and its mostly digital to which some people do not even have access to the internet to use it, but fiat can be used by any person whether educated or illiterate.
hero member
Activity: 504
Merit: 500
Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual.
I think this is not about digital or metal, but is it bitcoin can replace fiat? I think you're right that the government would never allow foreign currency to enter and replace
hero member
Activity: 644
Merit: 500
Money will always be money. For the people is very important aspect of eye contact with your money. The fact that people keep their money in banks and are does not mean anything by using credit cards. But bitcoin will take its place in the financial sector but not replace real money.
I also agree with you that I believe bitcoin will have a great future as a currency later, but I do not think that bitcoin will dominate the currency itself and replace fiat, Its imposible thing you know ? it is highly improbable fiat will continue to dominate and will never be replaced, by any other currency
If for international transactions and for online businesses people started to accept only bitcoin then people in their real life will also start to use bitcoin and in this way bitcoin will take dominance over the fiat.
legendary
Activity: 2884
Merit: 1258
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Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual.

goverment use curency this reason not profitable, but can use all the world accepted
goverment use USD reason not about profitable but can accepted international curency pay all the world
bitcoin only digital curency not accepted in real curency so very dificult is use replace real money
Believed or not fiat will replaced in the future, if fiat not replaced by bitcoin, fiat will replaced by gold. So people in the future will leave fiat becouse it is not valuable. Smart goverment will not denied bitcoin, becouse if they recognize bitcoin people in that country will know the advantage of using bitcoin.

I think with regards to gold, it was the other way around.  Gold were used as barter , trading goods with goods and gold as higher value.  this happen before coins and paper money were created.  When money were created gold were push back as  reserve determining the power of currency in the market.
hero member
Activity: 574
Merit: 500
Any store can buy, sell, and accept Crypto
Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual.

goverment use curency this reason not profitable, but can use all the world accepted
goverment use USD reason not about profitable but can accepted international curency pay all the world
bitcoin only digital curency not accepted in real curency so very dificult is use replace real money
Believed or not fiat will replaced in the future, if fiat not replaced by bitcoin, fiat will replaced by gold. So people in the future will leave fiat becouse it is not valuable. Smart goverment will not denied bitcoin, becouse if they recognize bitcoin people in that country will know the advantage of using bitcoin.
hero member
Activity: 1246
Merit: 529
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The take over of bitcoin over the fiat money will never happen.  I think the highest position of bitcoin will be the alternative for fiat currency.  Government will never allow anything that is not controlled or centralized.  So the possibility of bitcoin to replace every nations money is next to impossible in my opinion.
Well we can never know dude although for now i agree with you. It would be very difficult to control bitcoin as it is online based. Also, we've become so used to using money that it would be almost impossible to have another form replace it
hero member
Activity: 644
Merit: 500
Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual.

goverment use curency this reason not profitable, but can use all the world accepted
goverment use USD reason not about profitable but can accepted international curency pay all the world
bitcoin only digital curency not accepted in real curency so very dificult is use replace real money
hero member
Activity: 952
Merit: 500
The take over of bitcoin over the fiat money will never happen.  I think the highest position of bitcoin will be the alternative for fiat currency.  Government will never allow anything that is not controlled or centralized.  So the possibility of bitcoin to replace every nations money is next to impossible in my opinion.
That's what I see also, it will never happen because bitcoin is just a small currency and we are just playing with the price fluctuations, we traders are making money with the nature of bitcoin and since the price is increasing now we are making profit but I am confident that it will not go to the level that it will replace money.
legendary
Activity: 2954
Merit: 1153
The take over of bitcoin over the fiat money will never happen.  I think the highest position of bitcoin will be the alternative for fiat currency.  Government will never allow anything that is not controlled or centralized.  So the possibility of bitcoin to replace every nations money is next to impossible in my opinion.
full member
Activity: 142
Merit: 100
Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual.
hero member
Activity: 882
Merit: 500
Bitcoin could replace the money but its from now real far a way if you ask me, due to the reason the bitcoin has to get a lot bigger if this would happen. I think with the future of the bitcoin is possible but it will take a couple of years maybe even more something near the 10 years.

Even if bitcoin gets more popular and bigger in future its unlike to see that it can ever replace a paper money which has support from the Government and the society and bitcoin will be always used as an secondary currency.

I also think about it, If in future, bitcoin would be popular more, than no chance to replace the bitcoin into money, because now bitcoin is already going well, So we can guess in the coming time, bitcoin might be achieve more popularity than the countries who made the bitcoin they never want to change the bitcoin into paper money.
I don't see any instance in the future that it will happen, paper money will remain popular than bitcoin because you cannot force all the people to use computer just to transact, we want instant and simple way to transact and only paper money can provide that on us.

The world would be better if we are using both.
Now every business is going to take the form of digital business like they are shifting to the digital world and everyone now like to work with digital system of payment and for that they are searching a more better system and that is fact that they will find bitcoin for that.
newbie
Activity: 28
Merit: 0
it could happen IMO, it wouldn't be anytime soon and most likely it would be a gradual process taking place over a period of time.. Bitcoin is a more practical way to conduct transactions than traditional money and therefore it would just make sense for it to take it's place.
full member
Activity: 150
Merit: 100

I think the paper money will remain the same as they are because the governments are supporting it but at the same instant bitcoin will also be more popular like other currency because bitcoin is going to be a better currency of the future and everyone is adopting it for their use.
yeah government will always supporting paper money until the world is turning out to be digitalized and it will eventually happening in the future and government think that paper money is not effective anymore so government will stopped supporting it and trying out digital or cashless money
If you go to cut manufacturing costs and work against the counterfeiting of banknotes, then the transition to digital media money will be very fast. So in this regard cryptocurrency will exist constantly.
full member
Activity: 234
Merit: 250
I can not imagine how there can be such that the money ceased to exist. The banking system as there will be, as will be money. Maybe banks will embrace lot of work blockchain, but that does not mean that they completely give way to cryptocurrency.
hero member
Activity: 1400
Merit: 571
Yes, of course it is possible because bitcoin is the future money that would be gone globally. Since bitcoin would be the future money, the cash would be worthless and it would disappear if this thing would happen in the future. Most of the people right now are using bitcoin because bitcoin gives us a lot of advantages in life and it's price it really that good because it is always increasing everyday which is a good news to all of the bitcoin users around the world.
full member
Activity: 128
Merit: 100
Bitcoin never replace fiat. The government will not allow it. It is not profitable.
sr. member
Activity: 812
Merit: 250
Bitcoin could replace the money but its from now real far a way if you ask me, due to the reason the bitcoin has to get a lot bigger if this would happen. I think with the future of the bitcoin is possible but it will take a couple of years maybe even more something near the 10 years.

Even if bitcoin gets more popular and bigger in future its unlike to see that it can ever replace a paper money which has support from the Government and the society and bitcoin will be always used as an secondary currency.

I also think about it, If in future, bitcoin would be popular more, than no chance to replace the bitcoin into money, because now bitcoin is already going well, So we can guess in the coming time, bitcoin might be achieve more popularity than the countries who made the bitcoin they never want to change the bitcoin into paper money.
I don't see any instance in the future that it will happen, paper money will remain popular than bitcoin because you cannot force all the people to use computer just to transact, we want instant and simple way to transact and only paper money can provide that on us.

The world would be better if we are using both.
I think the paper money will remain the same as they are because the governments are supporting it but at the same instant bitcoin will also be more popular like other currency because bitcoin is going to be a better currency of the future and everyone is adopting it for their use.
Yeah maybe you're right, I think bitcoin will not replace the money but it will side by side. Progress bitcoin I think it will not affect the money let alone make it disappear. Due to the real-money transactions is very good and has been perfect, and for online transactions bitcoin could be the solution.
hero member
Activity: 2996
Merit: 524
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I think the paper money will remain the same as they are because the governments are supporting it but at the same instant bitcoin will also be more popular like other currency because bitcoin is going to be a better currency of the future and everyone is adopting it for their use.
yeah government will always supporting paper money until the world is turning out to be digitalized and it will eventually happening in the future and government think that paper money is not effective anymore so government will stopped supporting it and trying out digital or cashless money
legendary
Activity: 1232
Merit: 1029
Bitcoin could replace the money but its from now real far a way if you ask me, due to the reason the bitcoin has to get a lot bigger if this would happen. I think with the future of the bitcoin is possible but it will take a couple of years maybe even more something near the 10 years.

Even if bitcoin gets more popular and bigger in future its unlike to see that it can ever replace a paper money which has support from the Government and the society and bitcoin will be always used as an secondary currency.

I also think about it, If in future, bitcoin would be popular more, than no chance to replace the bitcoin into money, because now bitcoin is already going well, So we can guess in the coming time, bitcoin might be achieve more popularity than the countries who made the bitcoin they never want to change the bitcoin into paper money.
I don't see any instance in the future that it will happen, paper money will remain popular than bitcoin because you cannot force all the people to use computer just to transact, we want instant and simple way to transact and only paper money can provide that on us.

The world would be better if we are using both.
I think the paper money will remain the same as they are because the governments are supporting it but at the same instant bitcoin will also be more popular like other currency because bitcoin is going to be a better currency of the future and everyone is adopting it for their use.
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