Bitcoin replaces the money? Could happen? - page 55.

Ryananda

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Quote from: italianobitcoin on March 24, 2016, 09:00:37 AM

Bitcoin will not replace money later. Money is really important for the most people, they dont even know how Bitcoin works.
So first you must learn them how to use it, and some also dont trust it and that is also very bad.
I think that Bitcoin will be more popular in the future, but it needs time.

Yes I think you have a point that bitcoin will not be able to replace the money although bitcoin was during the good it will never happen.

italianobitcoin

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Forza Italia

Bitcoin will not replace money later. Money is really important for the most people, they dont even know how Bitcoin works.
So first you must learn them how to use it, and some also dont trust it and that is also very bad.
I think that Bitcoin will be more popular in the future, but it needs time.

BruceLee007

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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?

yes i think that it may happen in near future, like 20-30 years, bitcoin could change real money, that would be really awesome for bitcoin and for all bitcoin users now because price would rise for sure, so even more people would agree to change currency to bitcoins

avw1982

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Quote from: adibe on March 23, 2016, 09:00:09 PM

Quote from: knowhow on March 23, 2016, 08:35:31 PM

It cant replace fiat,the printed money will become digital,as bitcoin is full digital already,soo fiat will be able only online,with cards and instant transfern will happen,bitcoin will belong ton that period of full digital.

Yeah, bitcoin can't replaces the money. But bitcoin can go along with money. The price of bitcoin is also depend on fiat though. So i think both already good in their own ways.

Even I agree that,But replacement in the sense It will replace International transaction and this bitcoin will help more to common people who is not able pay to many taxes and other hidden charges. Instead of saving separate country banking system which have link International reserve banking system will get damage because of bitcoin transaction method. That’s why government is not allowing bitcoin.

Olaf

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Quote from: quentincole32 on March 23, 2016, 06:39:06 PM

Quote from: ?? on ??

No this will not happen, the currency's that are used globally are just too big to take over, I'm thinking the opposite the currency's will replace the bitcoin at the end of this journey.
Currency's are also getting more digital these days so the bitcoin is not gonna get so special anymore for people because the government want to still have control and the untraceability is a nice feature but many people will disagree about that..

it's possible in my opinion , bitcoin could replaces real physical money soon or later in the future , just like we think debit card or credit card in 80's ago is not possible to happened, look at now debit card / credit card everywhere.
it's just the matter of time people coming to try and use bitcoin , and feel the advantages that they achieved.

arent we digital practically already?

I mean heck, most of us use credit cards that we barely see the physical money until its time to pay up at the end of the month.

And theres a option it goes out of the same checkings account so you really dont see it unless you want to..

adibe

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Quote from: knowhow on March 23, 2016, 08:35:31 PM

It cant replace fiat,the printed money will become digital,as bitcoin is full digital already,soo fiat will be able only online,with cards and instant transfern will happen,bitcoin will belong ton that period of full digital.

Yeah, bitcoin can't replaces the money. But bitcoin can go along with money. The price of bitcoin is also depend on fiat though. So i think both already good in their own ways.

knowhow

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It cant replace fiat,the printed money will become digital,as bitcoin is full digital already,soo fiat will be able only online,with cards and instant transfern will happen,bitcoin will belong ton that period of full digital.

LayTheHorseTipster

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probably not bitcoin because it is just a first step. but bitcoin is important in this process.

quentincole32

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Quote from: ?? on ??

No this will not happen, the currency's that are used globally are just too big to take over, I'm thinking the opposite the currency's will replace the bitcoin at the end of this journey.
Currency's are also getting more digital these days so the bitcoin is not gonna get so special anymore for people because the government want to still have control and the untraceability is a nice feature but many people will disagree about that..

it's possible in my opinion , bitcoin could replaces real physical money soon or later in the future , just like we think debit card or credit card in 80's ago is not possible to happened, look at now debit card / credit card everywhere.
it's just the matter of time people coming to try and use bitcoin , and feel the advantages that they achieved.

ultimatesky

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SkyFall

It could happen but most likely it will not happen if I'm honest because the normal money is just too big with the overall currency's.
As a example it can never take over the dollar I'm pretty sure about that.

Olaf

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Quote from: btvGainer on March 23, 2016, 02:54:19 PM

Quote from: Hirose UK on March 23, 2016, 09:01:25 AM

Quote from: nejibens on February 27, 2016, 09:14:54 AM

I think Bitcoin is already money, but if you mean if Bitcoin will replace fiat that's not impossible but need timing and more support for this crypto currency

I think bitcoin will not replace fiat in all over the world. you know, it can replace fiat in advanved countries, but not in villages that far from city. what I mean is bitcoin will never replace fiat.

Bitcoin may replace the online transaction of fiat but in offline transactions,fiat will continue to dominate.Fiat is backed by the economy of entire nation to which it belongs to it is not possible for bitcoin to replace it

I see more of a debt consolidation if anything else for banks to use for other global banks.

Imagine they have to send whatever notes/loan value to the other bank - w. paper work etc. When they can use the metric of bitcoin as they hold that much value exchange in their debt.

martinacar

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It could happen but it will be a long journey for the bitcoin because the fact is that it would take years for sure.
Its also the point if the bitcoin will survive all these years maybe it will not even exists anymore.

btvGainer

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Quote from: Hirose UK on March 23, 2016, 09:01:25 AM

Quote from: nejibens on February 27, 2016, 09:14:54 AM

I think Bitcoin is already money, but if you mean if Bitcoin will replace fiat that's not impossible but need timing and more support for this crypto currency

I think bitcoin will not replace fiat in all over the world. you know, it can replace fiat in advanved countries, but not in villages that far from city. what I mean is bitcoin will never replace fiat.

Bitcoin may replace the online transaction of fiat but in offline transactions,fiat will continue to dominate.Fiat is backed by the economy of entire nation to which it belongs to it is not possible for bitcoin to replace it

techgeek

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Quote from: Hirose UK on March 23, 2016, 09:01:25 AM

Quote from: nejibens on February 27, 2016, 09:14:54 AM

I think Bitcoin is already money, but if you mean if Bitcoin will replace fiat that's not impossible but need timing and more support for this crypto currency

I think bitcoin will not replace fiat in all over the world. you know, it can replace fiat in advanved countries, but not in villages that far from city. what I mean is bitcoin will never replace fiat.

Fiat is here to stay.

Or else the price value for bitcoin would be dropped because people are unable to trade back to what they think its worth.

People only buy bitcoin because they can see its value for back their countries dollars or other countries.

Crazygreek

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Quote from: sachung on March 23, 2016, 08:54:27 AM

I think it can happen, If bitcoin keeps growing stably and steadily then it can at sometime get enough mainstream adoption to replace money, I don't think this is moving forward this rapidly though.

Bitcoin will replace money and become money againe and bitcoins will be as real coins and greenbacks. Nothing will change thats my prediction Sad

Hirose UK

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Leading Crypto Sports Betting & Casino Platform

Quote from: nejibens on February 27, 2016, 09:14:54 AM

I think Bitcoin is already money, but if you mean if Bitcoin will replace fiat that's not impossible but need timing and more support for this crypto currency

I think bitcoin will not replace fiat in all over the world. you know, it can replace fiat in advanved countries, but not in villages that far from city. what I mean is bitcoin will never replace fiat.

sachung

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I think it can happen, If bitcoin keeps growing stably and steadily then it can at sometime get enough mainstream adoption to replace money, I don't think this is moving forward this rapidly though.

simonloff

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I think that could happen over long term and maybe at sometime people could use bitcoin in place of money but currently, Although bitcoin adoption is improving overall it still would need more to replace money seriously.

Antesth

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Of course that will not happen. You must realize how much people need their normal money. There are a lot of people that dont even know Bitcoin.
And that is the problem, first you must know it and make it more popular and than later you can talk about replacing.

DeDordtenaar

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Quote from: jkrules on March 21, 2016, 01:55:12 PM

Quote from: ebookscreator on March 21, 2016, 01:51:49 PM

Money or fiat cannot be replace any coin or bitcoin is just a digital currency forever and we are just using it as our money online..

I don't think bitcoin is able to completely replace fiat. I do believe however that bitcoin can be used as an alternative payment method.

agree bitcoin only for payment options. not a substitute for currency or principal payment. people will prefer fiat. which has been proven to be safe and easy to use

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