Bitcoin replaces the money? Could happen? - page 61.

Hirose UK

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Quote from: Pattart on February 16, 2016, 09:00:58 AM

Quote from: ?? on ??

It can't happen, because many reason such as:
1. Many people still don't really know about bitcoin or use bitcoin

For number 1 i think its take little time to be happen dude. bitcoin still very young, still few people know about bitcoin

maybe there's much time to introduce bitcoin, but not all people are going to accept bitcoin. so I think it need so much time if we want to use bitcoin as main money than cash, and it's almost impossible for me

wildan88

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will never happen. bitcoin only virtual money. and the price of bitcoin has fluctuations.

bonski

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Quote from: Ryananda on December 25, 2015, 03:01:09 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?

There is a possibility that this scenario can happen in the near future since our generation in on its fast-paced technology every year there is a new innovation and I'm sure currency with BTC will be popular for exchanging goods / different transactions.

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Quote from: ImnotOctopus on February 16, 2016, 03:13:16 PM

Bitcoin cant replace physical money.
few people only know bitcoin so it isnt possible.

That is why we are here, we need to let people know that bitcoin exists and its like money.. by that, we could raise its value, but it is still far from replacing money..

Anddos

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Quote from: lazaza on February 16, 2016, 03:18:41 PM

Here in South Africa Bitcoins are expensive to buy

Bit by bit friend. And it grows. Just like a plant. Give it love and care.

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Here in South Africa Bitcoins are expensive to buy

popovicbit

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I think adding a time frame would be helpful...Could btc replace money by 2050? I think so....tons can happen in 35 years.

ImnotOctopus

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Bitcoin cant replace physical money.
few people only know bitcoin so it isnt possible.

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Quote from: hawkins on February 16, 2016, 12:17:52 PM

I also feel that bitcoin is a financial technology that is very great, but I think bitcoin will not replace the function of the money. bitcoin reality is money, but bitcoin can only be used on the internet, and they very rarely shop using bitcoin. so it is very difficult to replace the money in the real world bitcoin

Both the technology and the concept are great. Even with the implementation.
But like many others I am waitng for a break through, it's time the elite sees how bitcoin can change everything.

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Quote from: hawkins on February 16, 2016, 12:17:52 PM

I also feel that bitcoin is a financial technology that is very great, but I think bitcoin will not replace the function of the money. bitcoin reality is money, but bitcoin can only be used on the internet, and they very rarely shop using bitcoin. so it is very difficult to replace the money in the real world bitcoin

Other people are developing ways to make bitcoin work through a different medium like SMS and whatnot, so I think that bitcoin only limited to those who has internet access would soon be a negative statement. It wouldn't replace money, because the governments won't let it be.

hawkins

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I also feel that bitcoin is a financial technology that is very great, but I think bitcoin will not replace the function of the money. bitcoin reality is money, but bitcoin can only be used on the internet, and they very rarely shop using bitcoin. so it is very difficult to replace the money in the real world bitcoin

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Quote from: tn211 on February 16, 2016, 12:07:24 PM

it could happen but not as quick people are saying it will take years before its even possible.
Plus a downside is that the bitcoin is very hated by much banks that's another pity for the bitcoin.

Who said bitcoin are hated by the banks? Can you show some valid proof?

And no bitcoin will not definitely replaces the money. Look at all sides and know deeply what will be the effect of it globally.

Bitcoin today is better than replacing the current money system.

tn211

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it could happen but not as quick people are saying it will take years before its even possible.
Plus a downside is that the bitcoin is very hated by much banks that's another pity for the bitcoin.

wikenpp

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That is not going to happen that easily. Many people dont even know what Bitcoins is and what you can do with Bitcoin.
But its hard to explain to older people what Bitcoin is. Some people dont even have a computer at home

Rotator

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Quote from: naidray on February 15, 2016, 02:12:21 PM

I too just hope that bitcoins are more useful for our daily needs in the coming years. At that time we can see bitcoin is getting used more than fiats either in direct way or in the mode of debit cards. This way bitcoin could replace money.

Yes and it more secure and easier to adopt btc payment system than Paypal.
i don't like using of credit cards over internet it is really risky, many people think this way also!

Pattart

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Quote from: ?? on ??

It can't happen, because many reason such as:
1. Many people still don't really know about bitcoin or use bitcoin

For number 1 i think its take little time to be happen dude. bitcoin still very young, still few people know about bitcoin

Ryananda

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Quote from: iamthesky on February 15, 2016, 06:10:15 PM

Quote from: dothebeats on February 15, 2016, 02:35:15 PM

Quote from: naidray on February 15, 2016, 02:12:21 PM

Quote from: lixer on February 15, 2016, 02:49:11 AM

I feel that more companies would adopt bitcoins and issue debit cards for all users without any fee, just like we have our regular bank visa cards. Then, bitcoin will replace the money. This definitely could happen.

I too just hope that bitcoins are more useful for our daily needs in the coming years. At that time we can see bitcoin is getting used more than fiats either in direct way or in the mode of debit cards. This way bitcoin could replace money.

We can only assume, and with the rate of bitcoin adoption in the current times, we can say that it is still a long road ahead of us til we see some widespread adoption and bitcoin being used in a day to day basis.

Yeah, it will take a long time to happen, as the market cap of bitcoin is not too huge, so mass adoption will take time, but once people start adopting bitcoins as a currency, the scenario would definitely change.

Yes to make everybody or most people adopt bitcoin it takes time, but I am not sure bitcoin will replace the money within a period of 10 years because there is still a lot of bitcoin updated. Of course, lots has changed if it happens.

iamthesky

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Quote from: dothebeats on February 15, 2016, 02:35:15 PM

Quote from: naidray on February 15, 2016, 02:12:21 PM

Quote from: lixer on February 15, 2016, 02:49:11 AM

I feel that more companies would adopt bitcoins and issue debit cards for all users without any fee, just like we have our regular bank visa cards. Then, bitcoin will replace the money. This definitely could happen.

I too just hope that bitcoins are more useful for our daily needs in the coming years. At that time we can see bitcoin is getting used more than fiats either in direct way or in the mode of debit cards. This way bitcoin could replace money.

We can only assume, and with the rate of bitcoin adoption in the current times, we can say that it is still a long road ahead of us til we see some widespread adoption and bitcoin being used in a day to day basis.

Yeah, it will take a long time to happen, as the market cap of bitcoin is not too huge, so mass adoption will take time, but once people start adopting bitcoins as a currency, the scenario would definitely change.

dothebeats

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Quote from: naidray on February 15, 2016, 02:12:21 PM

Quote from: lixer on February 15, 2016, 02:49:11 AM

I feel that more companies would adopt bitcoins and issue debit cards for all users without any fee, just like we have our regular bank visa cards. Then, bitcoin will replace the money. This definitely could happen.

I too just hope that bitcoins are more useful for our daily needs in the coming years. At that time we can see bitcoin is getting used more than fiats either in direct way or in the mode of debit cards. This way bitcoin could replace money.

We can only assume, and with the rate of bitcoin adoption in the current times, we can say that it is still a long road ahead of us til we see some widespread adoption and bitcoin being used in a day to day basis.

naidray

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Quote from: lixer on February 15, 2016, 02:49:11 AM

I feel that more companies would adopt bitcoins and issue debit cards for all users without any fee, just like we have our regular bank visa cards. Then, bitcoin will replace the money. This definitely could happen.

I too just hope that bitcoins are more useful for our daily needs in the coming years. At that time we can see bitcoin is getting used more than fiats either in direct way or in the mode of debit cards. This way bitcoin could replace money.

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