Bitcoin replaces the money? Could happen? - page 27.

eddyubachs

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Quote from: Doamader on August 31, 2016, 06:19:58 AM

Quote from: adibe on August 31, 2016, 05:20:49 AM

It could be happen if all people around the world know bitcoin and using bitcoins too. Because without people know about bitcoin, bitcoin will never replaces the money.

There wont be enought bitcoins to all people over the world. Small portion of bitcoin sure anybody can hold it, but bitcoin is the future, and may push the current printed money into a digital money and just, replace it wont never happen.

yes bitcoin will be not that powerful that it will hold an capacity to replace paper money, as paper money is too huge in terms of market cap and user bases and that is unlikely to happen.

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Quote from: Ryananda on August 31, 2016, 06:30:04 AM

Quote from: freedomgo on August 31, 2016, 02:23:38 AM

It is so funny that some people are thinking bitcoin can replace fiat, if they only know the total number of users of bitcoin then they will realize it is not possible, not even in the future. Currently, the users of bitcoin is not even 1% of the total population of the world.

If you say bitcoin users no more than 1% of the world population was wrong. I think bitcoin users now have grown dam may be around 12%. It is still a small number, but I'm sure to increase. But you really can not replace the bitcoin money, because money is needed by many people to deal directly. Although later bitcoin used as payment but the money still will be needed.

you're both wrong because your statement is unreasonable and can't be proven either,the amount of bitcoin users until now still can't be calculated as there's still no way to get the number because a person could possibly holding so many wallet,and the money can be replaced when the world will be digitalize and forcing people to use digital money in order to reduce logging in this planet

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Quote from: freedomgo on August 31, 2016, 02:23:38 AM

Quote from: dunfida on August 31, 2016, 01:28:36 AM

Quote from: Ryananda on August 28, 2016, 07:47:29 AM

Quote from: ajun96 on August 26, 2016, 05:00:59 PM

Quote from: Matt Guy on August 25, 2016, 05:20:39 PM

Anything is possible, I'm not saying that bitcoin will replace some old currency, but in ideal conditions, something like that can happen I suppose.

I think bitcoin will always spread and grow. you do not be afraid if bitcoin not so well known in the world because it is the phase of the process of bitcoin. all need a process to reach the top level. including bitcoin. bitcoin they were 7 years old. would need more time to replace fiat money

Yes really bitcoin will grow better and I am sure there will be many people who started using bitcoin. Bitcoin will grow but it would not be able to replace the money. Although bitcoin grows money will not be replaced because money is the holder of the economic activity of a country that will not be replaced. Bitcoin only crypto so it is not possible to replace the money.

Agree, bitcoin is just a crypto and cant possible to replace fiat anytime soon because its been used on all economies of the world and also bitcoin does rely on fiat currency itself. BItcoin is a crypto currency and fiat is on physical world they are just different in some ways but both are very useful.

It is so funny that some people are thinking bitcoin can replace fiat, if they only know the total number of users of bitcoin then they will realize it is not possible, not even in the future. Currently, the users of bitcoin is not even 1% of the total population of the world.

If you say bitcoin users no more than 1% of the world population was wrong. I think bitcoin users now have grown dam may be around 12%. It is still a small number, but I'm sure to increase. But you really can not replace the bitcoin money, because money is needed by many people to deal directly. Although later bitcoin used as payment but the money still will be needed.

Doamader

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Quote from: adibe on August 31, 2016, 05:20:49 AM

It could be happen if all people around the world know bitcoin and using bitcoins too. Because without people know about bitcoin, bitcoin will never replaces the money.

There wont be enought bitcoins to all people over the world. Small portion of bitcoin sure anybody can hold it, but bitcoin is the future, and may push the current printed money into a digital money and just, replace it wont never happen.

adibe

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It could be happen if all people around the world know bitcoin and using bitcoins too. Because without people know about bitcoin, bitcoin will never replaces the money.

talkinonnbtc

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i don't think that bitcoin will replace it but it will be one of main currencies

Braeron

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Quote from: sirohige on August 08, 2016, 11:36:31 AM

This could happen, bitcoin can replace real money. because of technological advances is increasingly growing, many people take a short time to act. included in the payments and send money. first money for gold and other metals, there is now a form of paper money, there is also a form of debit card and credit card.

Yep, so many new technologies in a relatively short time span. Looking at history then yeah I'd think bitcoins could overtake but it's not that likely though I have to say.

SvenBomvolen

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People say here bitcoin is money, how can money replace money? This topic doesn't have sense, it's possible for one currency to dominate others, current situation tell us that dollar is dominant currency in this world, but we have other also strong currencies.
Probably there will always be several good and strong currencies, digital currencies are not so strong right now, but with the time they will grow and be stronger and probably one day some crypto currency will dominate in this world.

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Quote from: Lombard on August 30, 2016, 07:40:40 PM

of course it could happen, in my opinion bitcoins are going to become huge

Wow, you are too confident, bitcoin will never replace money or fiat because it is just an alternate currency, the currency of a certain state will be supported by every country, bitcoin will not even be legalize. The users of bitcoin is not really that huge so it is far from happening.

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Quote from: dunfida on August 31, 2016, 01:28:36 AM

Quote from: Ryananda on August 28, 2016, 07:47:29 AM

Quote from: ajun96 on August 26, 2016, 05:00:59 PM

Quote from: Matt Guy on August 25, 2016, 05:20:39 PM

Anything is possible, I'm not saying that bitcoin will replace some old currency, but in ideal conditions, something like that can happen I suppose.

I think bitcoin will always spread and grow. you do not be afraid if bitcoin not so well known in the world because it is the phase of the process of bitcoin. all need a process to reach the top level. including bitcoin. bitcoin they were 7 years old. would need more time to replace fiat money

Yes really bitcoin will grow better and I am sure there will be many people who started using bitcoin. Bitcoin will grow but it would not be able to replace the money. Although bitcoin grows money will not be replaced because money is the holder of the economic activity of a country that will not be replaced. Bitcoin only crypto so it is not possible to replace the money.

Agree, bitcoin is just a crypto and cant possible to replace fiat anytime soon because its been used on all economies of the world and also bitcoin does rely on fiat currency itself. BItcoin is a crypto currency and fiat is on physical world they are just different in some ways but both are very useful.

It is so funny that some people are thinking bitcoin can replace fiat, if they only know the total number of users of bitcoin then they will realize it is not possible, not even in the future. Currently, the users of bitcoin is not even 1% of the total population of the world.

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Quote from: Ryananda on August 28, 2016, 07:47:29 AM

Quote from: ajun96 on August 26, 2016, 05:00:59 PM

Quote from: Matt Guy on August 25, 2016, 05:20:39 PM

Anything is possible, I'm not saying that bitcoin will replace some old currency, but in ideal conditions, something like that can happen I suppose.

I think bitcoin will always spread and grow. you do not be afraid if bitcoin not so well known in the world because it is the phase of the process of bitcoin. all need a process to reach the top level. including bitcoin. bitcoin they were 7 years old. would need more time to replace fiat money

Yes really bitcoin will grow better and I am sure there will be many people who started using bitcoin. Bitcoin will grow but it would not be able to replace the money. Although bitcoin grows money will not be replaced because money is the holder of the economic activity of a country that will not be replaced. Bitcoin only crypto so it is not possible to replace the money.

Agree, bitcoin is just a crypto and cant possible to replace fiat anytime soon because its been used on all economies of the world and also bitcoin does rely on fiat currency itself. BItcoin is a crypto currency and fiat is on physical world they are just different in some ways but both are very useful.

Lombard

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of course it could happen, in my opinion bitcoins are going to become huge

Vikingr

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Quote from: Ryananda on August 30, 2016, 10:33:20 AM

Quote from: avikz on August 28, 2016, 09:32:26 AM

That will never ever happen. Bitcoin doesn't have the power to replace fiat currency system in any way.

Bitcoin can provide alternative investment / earning route which anyone is free to explore, but it can't replace fiat currency. Not at least in next 100 years.

The concept of bitcoin itself doesn't support that as it is decentralized and not regulated by anyone.

Yeah maybe you're right, bitcoin is better if it is used only for investment and not for the currency. Bitcoin is not suitable when used currency, so bitcoin can not replace the money.

but I am using bitcoin as a currency also, and I will say that I adopted it because I need it as a currency for my online purchase and I do not face any problem, I feeling much happy with bitcoin as a currency.

Ryananda

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Quote from: avikz on August 28, 2016, 09:32:26 AM

That will never ever happen. Bitcoin doesn't have the power to replace fiat currency system in any way.

Bitcoin can provide alternative investment / earning route which anyone is free to explore, but it can't replace fiat currency. Not at least in next 100 years.

The concept of bitcoin itself doesn't support that as it is decentralized and not regulated by anyone.

Yeah maybe you're right, bitcoin is better if it is used only for investment and not for the currency. Bitcoin is not suitable when used currency, so bitcoin can not replace the money.

avikz

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That will never ever happen. Bitcoin doesn't have the power to replace fiat currency system in any way.

Bitcoin can provide alternative investment / earning route which anyone is free to explore, but it can't replace fiat currency. Not at least in next 100 years.

The concept of bitcoin itself doesn't support that as it is decentralized and not regulated by anyone.

Ryananda

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Quote from: ajun96 on August 26, 2016, 05:00:59 PM

Quote from: Matt Guy on August 25, 2016, 05:20:39 PM

Anything is possible, I'm not saying that bitcoin will replace some old currency, but in ideal conditions, something like that can happen I suppose.

I think bitcoin will always spread and grow. you do not be afraid if bitcoin not so well known in the world because it is the phase of the process of bitcoin. all need a process to reach the top level. including bitcoin. bitcoin they were 7 years old. would need more time to replace fiat money

Yes really bitcoin will grow better and I am sure there will be many people who started using bitcoin. Bitcoin will grow but it would not be able to replace the money. Although bitcoin grows money will not be replaced because money is the holder of the economic activity of a country that will not be replaced. Bitcoin only crypto so it is not possible to replace the money.

Danielzo

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It will happen, eventually. While I don’t think a full replacement will take place, bitcoin will be actively used by people throughout the world, especially once the current financial system collapses.

blackmachinegun

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Quote from: co5hike on August 12, 2016, 02:00:58 PM

I don't think that bitcoin can ever replace money as bitcoin is still very new to many people and people who are used to fiat currency will continue with it.

i think bitcoin is not new anymore. bitcoin has been aged more than 7 years and currently has users exceeded 10 million users and I think that number will always increase in each year. so I think bitcoin will take a long time to reach it

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Quote from: Matt Guy on August 25, 2016, 05:20:39 PM

Anything is possible, I'm not saying that bitcoin will replace some old currency, but in ideal conditions, something like that can happen I suppose.

I think bitcoin will always spread and grow. you do not be afraid if bitcoin not so well known in the world because it is the phase of the process of bitcoin. all need a process to reach the top level. including bitcoin. bitcoin they were 7 years old. would need more time to replace fiat money

vero

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Quote from: rio3233 on August 26, 2016, 10:54:07 AM

Quote from: dragunfly on August 26, 2016, 10:07:50 AM

Quote from: co5hike on August 12, 2016, 02:00:58 PM

I don't think that bitcoin can ever replace money as bitcoin is still very new to many people and people who are used to fiat currency will continue with it.

i think you are right about it, in my opinion bitcoin wil have a possibility to replace fiat only in a few decades when adoption will be way bigger than it is right now

Yeah, it will takes a long time for bitcoin to replaces the money. It might happen in the next 10-50 years, but for the next 1-10 years, i don't think bitcoin can replaces the money.

i say no for this, 10 years,20 year or 50 years, what ever you like to said but the fact bitcoin never replace money, the only we can hope is one days bitcoin would replace bank.

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