Bitcoin replaces the money? Could happen? - page 31.

Superbitzz

full member

Activity: 196

Merit: 100

Quote from: danfoda on August 04, 2016, 04:02:50 AM

It could be, very possible in 10-20 years

Quote from: dunfida on August 01, 2016, 12:35:40 AM

Quote from: Dudeperfect on August 01, 2016, 12:29:22 AM

Never ever. I don’t see any scene that everyone is using only bitcoins in future. Yes, bitcoin will be in mainstream economy but people will be still using cash. Although digital payments would be on rising with rapid speed, people will be using fiat and bitcoins or any other crypto currency would be treated as secondary option. We can’t really forecast future, what we could do is just to predict it and I think bitcoin will be extremely popular throughout the world but still it will remain far away from even to create any threat to the existence of fiat currencies.

Bitcoin couldnt replace fiat even it would be the most popular crypto on the future but as you said it would be a secondary option and it wont happen than it would replace fiat since people all over the world would still choose fiat rather than bitcoin on everyday living because they already use it for how many years as early they have the knowledge on how to use money and they only know paper currency.

You are very wrong. You think paper money was always used? Before the money, it was gold (bank notes), before the gold it was hide, meat, rice, beans etc... as currency. Paper money is very new. And we are already in the plastic Era which is the Credit cards.

and before gold there was a barter system, goods for goods, but i think in present time the importance of paper money cannot be ignore, we even cannot think about not to use paper money, so at least in the near future it is not possible because the world is running with it, but i think bitcoin can decrease the value of paper money to some value. because people will mostly use bitcoin in future because it will be the easiest way of using bitcoin.

CryingMidget

sr. member

Activity: 434

Merit: 250

In my life bitcoin have replaced the function of money for me in many things. now 20% to 40% of my financial transactions using bitcoin. ranging from paying electricity, water, phone vouchers, electronic items and daily needs. for me bitcoin has replaced real money. bitcoin is the future for me. We ll gonna see this at everywhere in near future.

Ryananda

sr. member

Activity: 812

Merit: 250

Quote from: peta4e on August 05, 2016, 02:57:24 AM

Quote from: danfoda on August 04, 2016, 04:02:50 AM

It could be, very possible in 10-20 years

Quote from: dunfida on August 01, 2016, 12:35:40 AM

Quote from: Dudeperfect on August 01, 2016, 12:29:22 AM

Never ever. I don’t see any scene that everyone is using only bitcoins in future. Yes, bitcoin will be in mainstream economy but people will be still using cash. Although digital payments would be on rising with rapid speed, people will be using fiat and bitcoins or any other crypto currency would be treated as secondary option. We can’t really forecast future, what we could do is just to predict it and I think bitcoin will be extremely popular throughout the world but still it will remain far away from even to create any threat to the existence of fiat currencies.

Bitcoin couldnt replace fiat even it would be the most popular crypto on the future but as you said it would be a secondary option and it wont happen than it would replace fiat since people all over the world would still choose fiat rather than bitcoin on everyday living because they already use it for how many years as early they have the knowledge on how to use money and they only know paper currency.

You are very wrong. You think paper money was always used? Before the money, it was gold (bank notes), before the gold it was hide, meat, rice, beans etc... as currency. Paper money is very new. And we are already in the plastic Era which is the Credit cards.

Not all people are eligible for credit cards, there are many people who don't hold cards and they prefer to go with paper money as they don't have any other option for spending.

True to have a credit card is no age limit so that not everyone can use it. Money will continue to exist in my opinion and will not be replaced by bitcoin. Although it has now entered the digital era, but the money will not be eliminated.

peta4e

hero member

Activity: 672

Merit: 500

Quote from: danfoda on August 04, 2016, 04:02:50 AM

It could be, very possible in 10-20 years

Quote from: dunfida on August 01, 2016, 12:35:40 AM

Quote from: Dudeperfect on August 01, 2016, 12:29:22 AM

Never ever. I don’t see any scene that everyone is using only bitcoins in future. Yes, bitcoin will be in mainstream economy but people will be still using cash. Although digital payments would be on rising with rapid speed, people will be using fiat and bitcoins or any other crypto currency would be treated as secondary option. We can’t really forecast future, what we could do is just to predict it and I think bitcoin will be extremely popular throughout the world but still it will remain far away from even to create any threat to the existence of fiat currencies.

Bitcoin couldnt replace fiat even it would be the most popular crypto on the future but as you said it would be a secondary option and it wont happen than it would replace fiat since people all over the world would still choose fiat rather than bitcoin on everyday living because they already use it for how many years as early they have the knowledge on how to use money and they only know paper currency.

You are very wrong. You think paper money was always used? Before the money, it was gold (bank notes), before the gold it was hide, meat, rice, beans etc... as currency. Paper money is very new. And we are already in the plastic Era which is the Credit cards.

Not all people are eligible for credit cards, there are many people who don't hold cards and they prefer to go with paper money as they don't have any other option for spending.

Next BillG

sr. member

Activity: 431

Merit: 250

Quote from: danfoda on August 04, 2016, 04:02:50 AM

It could be, very possible in 10-20 years

Quote from: dunfida on August 01, 2016, 12:35:40 AM

Quote from: Dudeperfect on August 01, 2016, 12:29:22 AM

Never ever. I don’t see any scene that everyone is using only bitcoins in future. Yes, bitcoin will be in mainstream economy but people will be still using cash. Although digital payments would be on rising with rapid speed, people will be using fiat and bitcoins or any other crypto currency would be treated as secondary option. We can’t really forecast future, what we could do is just to predict it and I think bitcoin will be extremely popular throughout the world but still it will remain far away from even to create any threat to the existence of fiat currencies.

Bitcoin couldnt replace fiat even it would be the most popular crypto on the future but as you said it would be a secondary option and it wont happen than it would replace fiat since people all over the world would still choose fiat rather than bitcoin on everyday living because they already use it for how many years as early they have the knowledge on how to use money and they only know paper currency.

You are very wrong. You think paper money was always used? Before the money, it was gold (bank notes), before the gold it was hide, meat, rice, beans etc... as currency. Paper money is very new. And we are already in the plastic Era which is the Credit cards.

The governments will like the paper money. They can print as many as they want and inflate away debt.

danfoda

sr. member

Activity: 283

Merit: 250

It could be, very possible in 10-20 years

Quote from: dunfida on August 01, 2016, 12:35:40 AM

Quote from: Dudeperfect on August 01, 2016, 12:29:22 AM

Never ever. I don’t see any scene that everyone is using only bitcoins in future. Yes, bitcoin will be in mainstream economy but people will be still using cash. Although digital payments would be on rising with rapid speed, people will be using fiat and bitcoins or any other crypto currency would be treated as secondary option. We can’t really forecast future, what we could do is just to predict it and I think bitcoin will be extremely popular throughout the world but still it will remain far away from even to create any threat to the existence of fiat currencies.

Bitcoin couldnt replace fiat even it would be the most popular crypto on the future but as you said it would be a secondary option and it wont happen than it would replace fiat since people all over the world would still choose fiat rather than bitcoin on everyday living because they already use it for how many years as early they have the knowledge on how to use money and they only know paper currency.

You are very wrong. You think paper money was always used? Before the money, it was gold (bank notes), before the gold it was hide, meat, rice, beans etc... as currency. Paper money is very new. And we are already in the plastic Era which is the Credit cards.

Next BillG

sr. member

Activity: 431

Merit: 250

Quote from: dunfida on August 01, 2016, 12:35:40 AM

Quote from: Dudeperfect on August 01, 2016, 12:29:22 AM

Never ever. I don’t see any scene that everyone is using only bitcoins in future. Yes, bitcoin will be in mainstream economy but people will be still using cash. Although digital payments would be on rising with rapid speed, people will be using fiat and bitcoins or any other crypto currency would be treated as secondary option. We can’t really forecast future, what we could do is just to predict it and I think bitcoin will be extremely popular throughout the world but still it will remain far away from even to create any threat to the existence of fiat currencies.

Bitcoin couldnt replace fiat even it would be the most popular crypto on the future but as you said it would be a secondary option and it wont happen than it would replace fiat since people all over the world would still choose fiat rather than bitcoin on everyday living because they already use it for how many years as early they have the knowledge on how to use money and they only know paper currency.

I think so. The fiat is a way for the governments to exploit people and make sure they are poor. It will be kept.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: Dudeperfect on August 01, 2016, 12:29:22 AM

Never ever. I don’t see any scene that everyone is using only bitcoins in future. Yes, bitcoin will be in mainstream economy but people will be still using cash. Although digital payments would be on rising with rapid speed, people will be using fiat and bitcoins or any other crypto currency would be treated as secondary option. We can’t really forecast future, what we could do is just to predict it and I think bitcoin will be extremely popular throughout the world but still it will remain far away from even to create any threat to the existence of fiat currencies.

Bitcoin couldnt replace fiat even it would be the most popular crypto on the future but as you said it would be a secondary option and it wont happen than it would replace fiat since people all over the world would still choose fiat rather than bitcoin on everyday living because they already use it for how many years as early they have the knowledge on how to use money and they only know paper currency.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Never ever. I don’t see any scene that everyone is using only bitcoins in future. Yes, bitcoin will be in mainstream economy but people will be still using cash. Although digital payments would be on rising with rapid speed, people will be using fiat and bitcoins or any other crypto currency would be treated as secondary option. We can’t really forecast future, what we could do is just to predict it and I think bitcoin will be extremely popular throughout the world but still it will remain far away from even to create any threat to the existence of fiat currencies.

groll

sr. member

Activity: 336

Merit: 250

Quote from: MingLee on July 31, 2016, 05:07:23 PM

Bitcoin won't be replacing any of the fiat currencies for a while, not only because of governments refusing to relinquish their control over the currencies, but also because Bitcoin isn't really made for small transactions in everyday life, it's more made for holding value (although it doesn't seem like that based on the market these days) and moving said value relatively quickly, anywhere.

In line with your statement bitcoins price value is very volatile, and it is not stable, making it hard for consumers to use as an official tender. It will only be possible if the price will be controlled by the government and will become stable. But given the nature of bitcoin and its decentralized nature it cant be controlled by the government, hence it cannot replace fiat currency.

ImHash

hero member

Activity: 924

Merit: 506

It should not that it could but I really think it should replace money, if big banks allow it though.

betlord90

hero member

Activity: 630

Merit: 500

Hard to replace money maybe they can not change it because many people do not know about bitcoin . And more are not deprecated bitcoin so unlikely to change money . And more people now are poor they do not even buy a gadgets for there own. And they do not know how to used it. So replaces money its hard for the government because they know many people are cant afford it.

ontrackk

sr. member

Activity: 336

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: soros017 on July 31, 2016, 04:49:35 PM

The bitcoin has many advantages, but is still not the best option for micropayments.

well it depends on how big those micropayments are though i think you might be right there might be some problems if the fees are bigger than the sent amount

Blitzboy

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Yeah right bitcoin will never replaces money because of we already been use our fiat or money and fiat is our traditional money that we need to use.. because some people are really dont know how to use bitcoin.. or they didint know even new gadget to use.

MingLee

hero member

Activity: 490

Merit: 520

Bitcoin won't be replacing any of the fiat currencies for a while, not only because of governments refusing to relinquish their control over the currencies, but also because Bitcoin isn't really made for small transactions in everyday life, it's more made for holding value (although it doesn't seem like that based on the market these days) and moving said value relatively quickly, anywhere.

soros017

full member

Activity: 238

Merit: 250

The bitcoin has many advantages, but is still not the best option for micropayments.

0day

hero member

Activity: 742

Merit: 500

Hire me for your campaign management.

Quote from: Next BillG on July 27, 2016, 02:12:11 PM

Quote from: PokerFace3 on July 24, 2016, 07:11:39 PM

Quote from: Akupuniard on July 23, 2016, 06:24:06 PM

Nope, it should not happen to us till bitcoin is not accepted by many countries all over the world, but i hope that someday bitcoin will become a fiat.

The possibility is noo bitcoin may become globally used but the paper money won't be replaced. It would still prevail in the areas where bitcoins can not be accessed !!! That is what I feel.

It will take several decades for the bitcoin to be a global reserve currency. Even after that, it will not replace fiat.

There are different fields of our financial life, just think about dollar, it is a global currency, it is acceptable all over the world for their international business and also it has a good place in online business but it has nothing to do with our local business in our local market, so if bitcoin become a global currency then it will also do the same, but as we have the opportunity to earn with bitcoin then I think it will have a good role in our local market also.

Crazygreek

sr. member

Activity: 378

Merit: 251

I am not sure that it could happen, maybe someday bitcoin will be accepted as legal currency everywhere and fiat become useless, but i don't believe on it.

avikz

legendary

Activity: 3080

Merit: 1500

It is not possible for bitcoin to replace money. Bitcoin can become a very good investment destination though. In future, plastic money like cards will take over the financial system and money will only be seen in bank accounts, but bitcoin will not be a replacement for money.

Because bitcoin is not regulated by anyone. So fair distribution will not happen. However, bitcoin can certainly become the internet currency.

pearnapple

sr. member

Activity: 504

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: Next BillG on July 27, 2016, 02:12:11 PM

Quote from: PokerFace3 on July 24, 2016, 07:11:39 PM

Quote from: Akupuniard on July 23, 2016, 06:24:06 PM

Nope, it should not happen to us till bitcoin is not accepted by many countries all over the world, but i hope that someday bitcoin will become a fiat.

The possibility is noo bitcoin may become globally used but the paper money won't be replaced. It would still prevail in the areas where bitcoins can not be accessed !!! That is what I feel.

It will take several decades for the bitcoin to be a global reserve currency. Even after that, it will not replace fiat.

i dont think that it would take that much time right now though in my opinion it would be really achievable in 5 years or so and that would be really great

Topic: Bitcoin replaces the money? Could happen? - page 31. (Read 86028 times)