Topic: Could Bitcoin ever replace conventional money? - page 14. (Read 13876 times)
In my opinion, bitcoin can not replace conventional money. Bitcoin is a digital money, although it has many benefits, but paper money is the most important, it is convenient in everyday life. It is more convenient than bitcoin in daily trading activities.
unfortunately I do not think I can replace 100% of the money
happen as it is still not well resolved some points to enter as common money.
do not forget that it is a virtual and very volatile currency
But this is because bitcoin is on the rise, and if more merchants and offline accept bitcoin, then bitcoin will become a new currency, and prices will stabilize. happen as it is still not well resolved some points to enter as common money.
do not forget that it is a virtual and very volatile currency
Could Bitcoin ever replace conventional money?
Bitcoin can not replace physical money. physical money will remain for small transactions or big deals. Bitcoin is better for investment, if for Bitcoin transactions suitable for large transactions, but if for small transactions it is not good because of the long process.
Hardly is it possible. It would mean lots and lots of people losing their jobs in the financial sphere and this is probably one of the reasons most of the governments are inclined to ban bitcoin. Once the beginning is laid the whole development gains its direction.
I doubt it can happen now or in the near future. Conventional money is widely and commonly used worldwide. The world I think is not yet ready to accept the digital currency.
The amount of bitcoins supply all over the globe are not sufficient to replace conventional/physical money globally and it takes years and years to do so. this will remain as a digital currency as per market research.
I think it is unlikely at this time. Because bitcoin is being ignored by the government and has a bad view about it. Because it governs people in opposing the government on money, they do not believe it. Think of the government, do not deposit money into the bank. This makes the government can ban the use of bitcoin in the future.
I highly doubt bitcoin will ever replace conventional money. For money to get to the place where it is universally acceptable with the systems put in place to control it and how to regulate it, it took so much time and awareness. I doubt a digital currency will get to that place any time soon.
No. Its not going to happen cause uses of conventional money is an ancient form of payment. Money is all acceptable globally while bitcoin has accepted in a limited country and the supply has limited too.
Could Bitcoin ever replace conventional money?
It has no chance to replace conventional money. Remember that Bitcoin is Digital Money, a cryprocurrency and it only revolves around the digital world. Conventional money revolves around the real world. Bitcoin cant and wont replace conventional money.Could Bitcoin ever replace conventional money?
It has no chance to replace conventional money. Remember that Bitcoin is Digital Money, a cryprocurrency and it only revolves around the digital world. Conventional money revolves around the real world. Bitcoin cant and wont replace conventional money. 
no because its volatile is too damn high , bitcoin is better became investment as today ....
It is possible but it will take a long time before it does. Looking at it, Bitcoin is better than any physical currency we have. It embraces the digital age we're having. It makes our transactions easier and more convenient to both parties, especially when dealing with huge amounts. You don't have to be physically present in order to transact something.
Bitcoin is a volatile currency, it will not probably me able to be a conventional money globally.
Today or tommorow bitcoin will be replace as conventional money .the protential of bitcoin is increasing and world most biggest company are acceping it like microsoft and website like streem.
but to be honest bitcoin have to face with goverment because government would definitely want some control over Bitcoins to charge taxes , they won't just allow any decentalised digital currency to overpass their currency.
Maybe because bitcoin has potential to be replace but i think some government will be control it if bitcoin be a conventional money. Maybe if bitcoin is become well develop and not volatile it can be replace as money. but to be honest bitcoin have to face with goverment because government would definitely want some control over Bitcoins to charge taxes , they won't just allow any decentalised digital currency to overpass their currency.
unfortunately I do not think I can replace 100% of the money
happen as it is still not well resolved some points to enter as common money.
do not forget that it is a virtual and very volatile currency
happen as it is still not well resolved some points to enter as common money.
do not forget that it is a virtual and very volatile currency
No it can't. Even it is a big help to a lot of users as a digital currency, it still has a bad image to the government and other people. It's not capable to replace the conventional money because it's just a money in the internet world and making it real money will be not making sense to its own system. Another is, it has a limited supply and that would be not enough for the whole world population.
Could Bitcoin ever replace conventional money?
This question is already asked for a few times here as far as I know. In my own opinion, it will not replace a local fiat because it is very volatile. Also, the government won't really agree to it because it is decentralized, they can't control it. If they do control it, then what's the point of having a crypto currency. If it happens that BTC really replaces conventional money then it'll be a major change for the country besides conventional money has been what we're using for centuries now, it'll be hard to replace that.
I don't think that will happen someday because bitcoin is not yet centralize and not popular in some country
Maybe at some point that could have been the ideal that led to the creation of bitcoin, but once this technology passed into the hands of a few no longer meet the minimum specifications necessary to fully fulfill that function. I have no doubt that altcoin in general do have the potential to gradually replace conventional money, but that crypto will hardly be bitcoin.
Jump to: