Bitcoin replaces the money? Could happen? - page 50.

richmcrich

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Quote from: expert4knowledge on April 14, 2016, 02:14:57 PM

Quote from: Sandroxa on April 14, 2016, 06:35:34 AM

Bitcoin will not replace money as you can see you know that the value is not even rising now so there are also not that many people that is now using Bitcoin.
There are also a lot of people that dont even know how Bitcoin works and that is bad so it will be not possible.

I think the ideal case for bitcoin is to be known as a virtual currency, a tool for exchange in internet environment but I am not sure if it riches to that state soon.

Bitcoin will replace the Fiat money but it needs some time for this.
You can not disapper the physical money so easily as it is trusted all over the world for more than centuries of years.

Vaskiy

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Quote from: adomers on April 17, 2016, 10:50:22 AM

Money can't get replaced by any digital currency, as people are using fiat currency since its inception and they are used to fiat currency, and part of the world is not aware about bitcoins

As you said most of the people around the world are unaware of bitcoin. My opinion is that real money can never be replaced by bitcoin as people from developing countries finds it difficult to make transactions using bitcoin.

matete

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With the uncertainties surrounding crypto-currency, I think bitcoin will never replace fiat. Bitcoin is becoming popular day by day but money has been around for a very long time. There are certain cases where bitcoin cannot be used to transact business. Therefore, one will need to use cash or any other method to carry out the transaction.

Corenin

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Quote from: adomers on April 17, 2016, 10:50:22 AM

Money can't get replaced by any digital currency, as people are using fiat currency since its inception and they are used to fiat currency, and part of the world is not aware about bitcoins

Its hard to believe that money can get replaced by bitcoin in future, people from poor countries will continue to use fiat as they find it easy and simple to use.

adomers

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Money can't get replaced by any digital currency, as people are using fiat currency since its inception and they are used to fiat currency, and part of the world is not aware about bitcoins

1Referee

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Quote from: CryingMidget on April 17, 2016, 08:56:40 AM

Quote from: Note_spark on April 17, 2016, 08:45:19 AM

Naah, i think it won't. There are still many third world countries where the technology are left behind. And can't even afford to buy phones or pay internet provider. They will still depend on Fiat. Even in our country we still need to convert bitcoin to fiat to use it. There are not much stores accept bitcoin here. That's why it can't.

Bitcoin will only replace fiat if you are making it happen yourself. The governments will never do this because they have no control over bitcoin at all. Therefore they will never replace fiat with bitcoin. Only you can change what currency you prefer and what you're going to pay with.

We don't need to wait for Bitcoin to replace fiat, and we must not want this to happen. If Bitcoin comes too close to fiat currencies, then the governments will do everything to limit Bitcoin usage. And I'm not talking about the current "bans" and restrictions. They will force all banks to permanently stop accepting Bitcoin related transactions. Let Bitcoin grow and stay an alternative currency. That's how it should be.

CryingMidget

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Quote from: Note_spark on April 17, 2016, 08:45:19 AM

Naah, i think it won't. There are still many third world countries where the technology are left behind. And can't even afford to buy phones or pay internet provider. They will still depend on Fiat. Even in our country we still need to convert bitcoin to fiat to use it. There are not much stores accept bitcoin here. That's why it can't.

Bitcoin will only replace fiat if you are making it happen yourself. The governments will never do this because they have no control over bitcoin at all. Therefore they will never replace fiat with bitcoin. Only you can change what currency you prefer and what you're going to pay with.

Note_spark

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Naah, i think it won't. There are still many third world countries where the technology are left behind. And can't even afford to buy phones or pay internet provider. They will still depend on Fiat. Even in our country we still need to convert bitcoin to fiat to use it. There are not much stores accept bitcoin here. That's why it can't.

faridkifly

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in my opinion there's no possibilities.
because the money will still be money. there will be no substitute for "real money" even if the technology and the times forced to use a "digital currency" or something. for example, is now, in this modern era there are still many people who use real money. Cool

Ryananda

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Quote from: DeDordtenaar on April 16, 2016, 06:07:06 PM

Quote from: jak1 on April 16, 2016, 07:48:18 AM

Quote from: DashCoinDark on April 14, 2016, 05:28:03 PM

Honestly I do not see this happen because the fact is that the currency's from now EUR/USD are just too big to take over by the bitcoin.
I think the bitcoin can grow a lot and can achieve a lot but it will never replace the normal currency's in my eyes.

Bitcoin will be replacing the money soon. And i am saying because of the current price of this coin and the interest and popularity it is getting these days.

if viewed from the price I do not think bitcoin would defeat and replace the dollar. because there are other things that have a higher price than bitcoin namely gold. bitcoin need a higher price and more popular to be able to replace the dollar

Absolutely bitcoin should have high prices because they have bersetara with the money if you want to replace the money. But I think is very difficult because bitcoin is very difficult to replace the money in my opinion.

DeDordtenaar

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Quote from: jak1 on April 16, 2016, 07:48:18 AM

Quote from: DashCoinDark on April 14, 2016, 05:28:03 PM

Honestly I do not see this happen because the fact is that the currency's from now EUR/USD are just too big to take over by the bitcoin.
I think the bitcoin can grow a lot and can achieve a lot but it will never replace the normal currency's in my eyes.

Bitcoin will be replacing the money soon. And i am saying because of the current price of this coin and the interest and popularity it is getting these days.

if viewed from the price I do not think bitcoin would defeat and replace the dollar. because there are other things that have a higher price than bitcoin namely gold. bitcoin need a higher price and more popular to be able to replace the dollar

co5hike

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Quote from: beerlover on April 16, 2016, 03:38:59 PM

Quote from: DashCoinDark on April 14, 2016, 05:28:03 PM

Honestly I do not see this happen because the fact is that the currency's from now EUR/USD are just too big to take over by the bitcoin.
I think the bitcoin can grow a lot and can achieve a lot but it will never replace the normal currency's in my eyes.

Maybe looking at the present, the use of USD/ EURO, all around the world, make it seems impossible for bitcoin to make value. But this is not that will last forever. Bitcoin is increasing day by day and soon it will in a position to compete.

It will always compete and it will always give a tough competition to fiat but it doesn't promise that it can replace it in near future, bitcoin will always be used as a secondary currency.

beerlover

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Quote from: DashCoinDark on April 14, 2016, 05:28:03 PM

Honestly I do not see this happen because the fact is that the currency's from now EUR/USD are just too big to take over by the bitcoin.
I think the bitcoin can grow a lot and can achieve a lot but it will never replace the normal currency's in my eyes.

Maybe looking at the present, the use of USD/ EURO, all around the world, make it seems impossible for bitcoin to make value. But this is not that will last forever. Bitcoin is increasing day by day and soon it will in a position to compete.

blackmachinegun

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Quote from: Indrawan77 on April 14, 2016, 11:42:48 PM

Maybe it can happen in next few years, there are a lot of development regarding to bitcoin and more and more shop accepting bitcoin as payment, but if you are talking about replacing the currency that wont happened

yeah I agree with you over time bitcoin will have more users of course there are some users who would do business selling or the like the shops and merchants will begin to grow in the market bitcoin. I do not think with that bitocin will replace the dollar. it is an idea that is impossible.

Hellacopter

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Quote from: Lokfar on April 16, 2016, 10:55:30 AM

Not going to happen. Money is there and it is needed for offline thingies. It will be there forever.
And will not be replaced by something online.

Don't forget that Bitcoin is already money as well, it's used online to make deals and trades just as using the other currencies and fiat, and could be converted simply to fiat so could be used offline as well.

landoadog

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Quote from: Lokfar on April 16, 2016, 10:55:30 AM

Not going to happen. Money is there and it is needed for offline thingies. It will be there forever.
And will not be replaced by something online.

Bitcoin is now also considered as money by other because you can buy sort of things and services with it,bitcoin will be internet money and local currency will still remain in use.

Lokfar

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Not going to happen. Money is there and it is needed for offline thingies. It will be there forever.
And will not be replaced by something online.

greghansel89

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Quote from: jak1 on April 16, 2016, 07:48:18 AM

Quote from: DashCoinDark on April 14, 2016, 05:28:03 PM

Honestly I do not see this happen because the fact is that the currency's from now EUR/USD are just too big to take over by the bitcoin.
I think the bitcoin can grow a lot and can achieve a lot but it will never replace the normal currency's in my eyes.

Bitcoin will be replacing the money soon. And i am saying because of the current price of this coin and the interest and popularity it is getting these days.

I dont believe that will happen to replace our money,bitcoin is only used by the like of us who knows about technology and other part of the world still uses the currency they know since they were a child.

jak1

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Quote from: DashCoinDark on April 14, 2016, 05:28:03 PM

Honestly I do not see this happen because the fact is that the currency's from now EUR/USD are just too big to take over by the bitcoin.
I think the bitcoin can grow a lot and can achieve a lot but it will never replace the normal currency's in my eyes.

Bitcoin will be replacing the money soon. And i am saying because of the current price of this coin and the interest and popularity it is getting these days.

BitHodler

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Quote from: diodio5 on April 16, 2016, 03:16:03 AM

Quote from: GregH37 on April 16, 2016, 01:33:18 AM

Quote from: expert4knowledge on April 14, 2016, 02:14:57 PM

Quote from: Sandroxa on April 14, 2016, 06:35:34 AM

Bitcoin will not replace money as you can see you know that the value is not even rising now so there are also not that many people that is now using Bitcoin.
There are also a lot of people that dont even know how Bitcoin works and that is bad so it will be not possible.

I think the ideal case for bitcoin is to be known as a virtual currency, a tool for exchange in internet environment but I am not sure if it riches to that state soon.

Bitcoin in its structure is ideal for Virtual and digital currency and we would like it in its current shape and form.

bitcoini is digital currency so I do not think in real life and offline transactions using bitcoin to deal. so I was a little bit does not agree that bitcoin will replace the dollar in transactions offline?
I would agree if all online transactions occur in bitcoin. bitcoin digital currency is number 1 on earth

The downside of Bitcoin is indeed that offline transactions such as you do with cash money is not possible.

But then again, people are nowadays more and more using their telephones to do payments and receive money in combination with their banking application.

That means the demand for offline transactions goes down and down. It opens the door for Bitcoin since the internet will become more and more important when it comes to payments.

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