I think this is related to regulations that apply in many countries that do not recognize Bitcoin and the like as a legal transaction payment currency. But many sellers have accepted bitcoin as a payment option and that is also widely used by people. When developing Bitcoin as an investment option because of the very rapid development of its price and I think it's natural.
They didn't wanna recognize bitcoin as a replacement to the fiat but those countries can recognize bitcoin as a digital commodity that can be called as digital gold. Many sellers have accepted bitcoin caused by they were seeing so many potentials on bitcoin. It's slowly but surely bitcoin will be accepted as the next payment system. 
Topic: Cryptocurrency will not replace fiat currency - page 7. (Read 2471 times)
Crypto will exist together with fiat, but for now it cant take over the dominance of fiat to replace it as currency. Fiat is regulated by the government and recognize worldwide while crypto particularly bitcoin is decentralized currency which make it hard for the government to accept it as currency because it cant be regulated.
On the other side most people are engaging themselves in crypto because of the opportunity to earn. Bitcoin is created as currency but due to the price fluctuation that can make us earn by simply holding, people are seeing it the other way. We can use it as currency but limited on where we can spend it since there are only few merchants who accept it, excluded for the countries who already recognized bitcoin.
On the other side most people are engaging themselves in crypto because of the opportunity to earn. Bitcoin is created as currency but due to the price fluctuation that can make us earn by simply holding, people are seeing it the other way. We can use it as currency but limited on where we can spend it since there are only few merchants who accept it, excluded for the countries who already recognized bitcoin.
Look at what happening around. The first cryptocurrency bitcoin was invented to reduce the hassle of third party and have borderless transaction. Isn't it true? Now, look at what happening. People are more into investing it than using it as currency.
Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?
People who dive into bitcoin or crypto currencies has different reason, some are day trader, some are using it as safe haven, and some are believer, they believe that bitcoin is the future money and the like. And no one can control them even satoshi cant do that to change what people think or change the reason why they buy bitcoin. I think only time will tell if bitcoin will replace fiat money or it will fail no one knows. but for me there is possibilities 100% chance that fiat money will become digital money using blockchain tehcnology in the future. Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?
I think this is related to regulations that apply in many countries that do not recognize Bitcoin and the like as a legal transaction payment currency. But many sellers have accepted bitcoin as a payment option and that is also widely used by people. When developing Bitcoin as an investment option because of the very rapid development of its price and I think it's natural.
That's the correct thinking I am looking for. Crypto will not really replace fiat but they will be considered as alternative. We should be very well-informed or should know atleast the basics before we invest our money. If the knowledge is enough and we have the opportunity to buy altcoins, I think that will surely make a good investment.
if crypto has the opportunity to replace fiat, then that has happened long ago. In fact, that could happen in 2017. It's just that, because of volatile prices, and also high prices make crypto so difficult to replace fiat. most people will view crypto as a business and profit.Look at what happening around. The first cryptocurrency bitcoin was invented to reduce the hassle of third party and have borderless transaction. Isn't it true? Now, look at what happening. People are more into investing it than using it as currency.
Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?
People were very alert when Binance exchange delisted BitcoinSV from this exchange. This is right Bitcoin invented for rejected third party and secure transaction. But for money laundering this is insecure, then many countries banned Bitcoin. All people can't change their interest at one time until see the real use of Bitcoin. Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?
Look at what happening around. The first cryptocurrency bitcoin was invented to reduce the hassle of third party and have borderless transaction. Isn't it true? Now, look at what happening. People are more into investing it than using it as currency.
Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?
Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?
I get your point. Maybe the reason why people takes cryptocurrency as an investment and not as a currency because of its price value. Why? Because for many people specially for those who are just new into engaging to this industry we are all currently into sees cryptocurrency as a way to get a big feedback of money through making investment and not totally as a currency at all. It is true that cryptocurrency supposedly be used as a currency to provide a cashless society that can make payments for an instant making it easier for everyone. But as time passes by the main purpose of crypto as a currency is somehow being set aside because its value is getting bigger which makes people perceive it as a good investment rather than a currency. What the main importance is thar even people have different perceptions and usage on crypto, still they are using it for good and that is the most important thing that cryptos are being effectively used by people whether as a currency or an investment.
That's the correct thinking I am looking for. Crypto will not really replace fiat but they will be considered as alternative. We should be very well-informed or should know atleast the basics before we invest our money. If the knowledge is enough and we have the opportunity to buy altcoins, I think that will surely make a good investment.
if crypto has the opportunity to replace fiat, then that has happened long ago. In fact, that could happen in 2017. It's just that, because of volatile prices, and also high prices make crypto so difficult to replace fiat. most people will view crypto as a business and profit. 
That's the correct thinking I am looking for. Crypto will not really replace fiat but they will be considered as alternative. We should be very well-informed or should know atleast the basics before we invest our money. If the knowledge is enough and we have the opportunity to buy altcoins, I think that will surely make a good investment.
Crypto will never replace fiat and it can be said that crypto is an alternative that can be used as a payment tool faster without face to face and can be done anywhere while there is internet in the region. And for me crypto will not replace fiat because in remote areas that are difficult to get a connection or there is no internet in the region we will really need fiat and fiat is a payment method that will never be replaced in my opinion.
If we take a look t past centuries and the financial history it is declared that people use barter system for medium of exchange the silver and gold coins took place and dominant in financial market for years then paper money came in existence and still surviving.
While many other technologies changes and modern invitations,People change and want to fast payment system beyond the boundaries without any involvement of third party and it made possible by cryptocurrency and the popularity of cryptocurrency shows that crypto will replace the fiat.
While many other technologies changes and modern invitations,People change and want to fast payment system beyond the boundaries without any involvement of third party and it made possible by cryptocurrency and the popularity of cryptocurrency shows that crypto will replace the fiat.
That's the correct thinking I am looking for. Crypto will not really replace fiat but they will be considered as alternative. We should be very well-informed or should know atleast the basics before we invest our money. If the knowledge is enough and we have the opportunity to buy altcoins, I think that will surely make a good investment.
The point is that bitcoin and cryptocurrency have advantages where we can invest and make money. no doubt that because of bitcoin many people can change their lives financially. This proves that bitcoin can enter various communities. well, Nakamoto never even appeared to make any statements about Bitcoin. but at least what he has created has many benefits for the world community
Look at what happening around. The first cryptocurrency bitcoin was invented to reduce the hassle of third party and have borderless transaction. Isn't it true? Now, look at what happening. People are more into investing it than using it as currency.
Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?
Will need right cryptocurrency, which can be good as payment from transaction fees and speed of transaction. And then regulation, this is problem too. Maybe for now, if cryptocurrency is look like people only focus on use it as investment, as long it is not bad i think already good. Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?
Both are same actually but people see it different, crypto create fiat and fiat create currency. That's the circle and the different fiat has more powerful position than crypto in regulation and protection from banks. In my mind crypto doesn't need to replace fiat because now already has crypto pair currency in exchanges, soon or later fiat will lost users. Fiat only bridge into bank account and now crypto can do the same function.
Who here really thinks that fiat currency will be destroyed and will never be used ever again? I mean that doesn't make sense at all, fiat currency is what the economical world around us is built around, I am not talking about the cash banknotes in your hand, I mean fiat in general, all those bank accounts all those stocks all those forex everything has fiat in them.
If one day humanity gets better and better and we reach to a point where we are doing interplanetary exchanges between goods, I am sure that it will be fiat that we pay those things in, maybe dollars or maybe something new but it will still be fiat. There is no reason why people should leave fiat aside and use crypto, both of those things can coexist together just like they are now, nothing has to change for it to go bigger in the future.
If one day humanity gets better and better and we reach to a point where we are doing interplanetary exchanges between goods, I am sure that it will be fiat that we pay those things in, maybe dollars or maybe something new but it will still be fiat. There is no reason why people should leave fiat aside and use crypto, both of those things can coexist together just like they are now, nothing has to change for it to go bigger in the future.
That’s bitter reality of crypto that it’s still unable to find its way as a mode of payment system. Strict government regulation, crypto uncertain price and lack of awareness are some reasons why it’s still not used as currency. Even if it finds its way as payment system, it’s very unlikely that it will replace fiat.
It can be used as currency but we can't say that it will replace fiat from permanent currency. That's the reality that we can invest from crypto but we can't fight it for the government from using it as a financial use because this is volatile and we can't use it for buying goods except we do converting before using it.
Your points are absolutely true! Bitcoin is a currency system which effectively eliminates the need of an intermediary and is not limited by international borders! Still we take it as an investment! But here we need to understand why!
Being a common people, how often do you really send international remittance? How often do you really make international purchases? How often do you face such situation where you can't use your bank account to send or receive funds? If you can answer these questions, your concern will also be answered!
Those who need to use bitcoin for anonymous and intermediary free international transactions, they are using it! But the number of such people is very less! Majority of the bitcoin users look at it as a method to make money, either by holding or by trading and there's nothing wrong about it!
Bitcoin is popular today because it has given financial freedom to many people. So if people are happy that way, let it be an investment and a reason to happiness!
Being a common people, how often do you really send international remittance? How often do you really make international purchases? How often do you face such situation where you can't use your bank account to send or receive funds? If you can answer these questions, your concern will also be answered!
Those who need to use bitcoin for anonymous and intermediary free international transactions, they are using it! But the number of such people is very less! Majority of the bitcoin users look at it as a method to make money, either by holding or by trading and there's nothing wrong about it!
Bitcoin is popular today because it has given financial freedom to many people. So if people are happy that way, let it be an investment and a reason to happiness!
yes you are right bitcoin does give us convenience in international transactions without limits but transactions like this are very rarely done. and maybe the main purpose of Satoshi to create bitcoin is not for investment tools but if in fact at this time bitcoin is used more for trading and investment than payment instruments we have to accept it. because by investing in bitcoin we can get a big profit.
Do we ever think both crypto currency and Fiat can still work together and make better sense, than pushing in the name of rushing digital we make things seem complicated. As matter of fact we are still enjoying Fiat. We gat no issues with Fiat but following technical advancement is what is pressurizing fiat out of our way. Combining digital and Fiat is what made cash transfer and with the use of ATM easier.i just want to make you know. The both are important.
I think that fiat and cryptocurrencies will go parallel to each other for a very long time. We are still at the very beginning of this path. Over time, the volatility of major currencies is minimized and it will be possible to safely choose what for and how to pay legendary
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That’s bitter reality of crypto that it’s still unable to find its way as a mode of payment system. Strict government regulation, crypto uncertain price and lack of awareness are some reasons why it’s still not used as currency. Even if it finds its way as payment system, it’s very unlikely that it will replace fiat.
Do we ever think both crypto currency and Fiat can still work together and make better sense, than pushing in the name of rushing digital we make things seem complicated. As matter of fact we are still enjoying Fiat. We gat no issues with Fiat but following technical advancement is what is pressurizing fiat out of our way. Combining digital and Fiat is what made cash transfer and with the use of ATM easier.i just want to make you know. The both are important.
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