Topic: Cryptocurrency will not replace fiat currency - page 8. (Read 2471 times)
Greedy people. We honestly don't need their type. ( We don't appreciate your kind around here xD ) Crypto is already replacing fiat for me more and more every day. The more jobs I get and the more places I am paid from the more I love crypto. I get paid more and more in crypto each passing day and there are many ways for me to use it. I actually don't use fiat very much. I sell crypto to top up my bank account like a wallet. Mostly my bank account is fairly low. I only sell crypto and send to my bank account when I need the fiat. I don't actually keep the fiat for very long at all.
in fact the main purpose of cryptoqurrency is as a transaction tool like paper money in real life in the future, but I personally am not so sure of that. I personally only use crypto as an investment tool to make a profit and nothing more than that.
I think cryptocurrency or even bitcoin is not going to be more than what fiat money is since the fiat money is already regulated by the government for sure this is the most of the countries around the globe use as a currency because it is what their national bank is issued to be. The cryptocurrency cannot be more than fiat money unless there are changes in its technology in my opinion for example bitcoin it could easily be the top alternative payment method that you could use but as a top currency in the future, we need a lot of development to achieve that for sure even the government is not going to approved to used this bitcoin as a national currency in a country. 
in fact the main purpose of cryptoqurrency is as a transaction tool like paper money in real life in the future, but I personally am not so sure of that. I personally only use crypto as an investment tool to make a profit and nothing more than that.
Its main purpose is to carry out transactions, but the growing price of bitcoin makes people rethink to use it as a daily transaction because the costs and transactions are also quite time consuming and what is clearly an obstacle is the regulation of a country. 
actually it depends on someone's use too, if people use it for daily transactions there will be a possibility that bitcoin will replace FIAT, but so far the use of bitcoin is still more for investment and also trading on the exchange. whereas to make payments in daily life is still limited by existing regulations.
Bitcoin may not be used as a payment tool for your daily needs, but it will always be used for large transfers and for any large purchases(houses/cars etc). other cryptocurrencies will be used for any daily purchases, but so far it is not clear what kind of coin it will be 
in fact the main purpose of cryptoqurrency is as a transaction tool like paper money in real life in the future, but I personally am not so sure of that. I personally only use crypto as an investment tool to make a profit and nothing more than that.
actually it depends on someone's use too, if people use it for daily transactions there will be a possibility that bitcoin will replace FIAT, but so far the use of bitcoin is still more for investment and also trading on the exchange. whereas to make payments in daily life is still limited by existing regulations.
That's right when the people are using cryptocurrency as an way of investments then probably we can say that they are the one who are the investors that are in the cryptocurrency for profiting although we all know that all of us are here to earn profit but those investors that are risking their money in order to invest in some project is the one who are more risking part on it. And for those people who are just using cryptocurrency as a daily transaction for example as buying any products or things from a online shop and doing online shopping then probably this are those people we can called as a fiat user because they are using bitcoin as an daily transaction in order to supply their needs. 
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?
that's the advantage of Bitcoin, other than as a means of payment, can be used as an investment. Fiat currency is never irreplaceable, because it is clear and easy to use. Bitcoin is only part of Cryptocurrency, part of Blokchain, if for reasons of speed and transaction costs, then some people choose Altcoin ... 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?
This is true people are using bitcoin as an asset of investment and nobody is willing to take it as currency. There are reasons for that, how many places you have in your surroundings where you can use bitcoin or other associated crypto? Probably very few (if you are living in crypto friendly country like S Korea or Japan), in my case they are none. I hope that answers your query.
actually it depends on someone's use too, if people use it for daily transactions there will be a possibility that bitcoin will replace FIAT, but so far the use of bitcoin is still more for investment and also trading on the exchange. whereas to make payments in daily life is still limited by existing regulations.
A lot of people has been always expecting that cryptocurrency or bitcoin could replace fiat currency in the future because they say that crypto is really much better than fiat when it comes to fast transaction and security. But cryptocurrency cannot replace fiat currency because fiat is supported and controlled by the bank and the government, unlike crypto it is still not yet legalized or accepted by other countries.
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?
Whate ever Satoshi intended for cryptocurrency, people look at it as a stepping stone to have financial freedom. They only participate to get profit from it. Without the motivation of getting profit, people will stay away from cryptocurrency because they are far more comfortable in using fiat currency.
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?
This has been debated before and there are idealistic people that believes that cryptocurrencies will fully replace fiat in the future. Realistic people meanwhile can only see up to the point where some strong cryptocurrencies can coexist with fiat. It is difficult to determine what will happen in the future and whatever vision you believe in, I hope that the industry will still survive because it helped many people and opened up new opportunities to change the market.
There are people who will always prefer to deal with paper currency than digital currency. There is less volatility of fiat currencies compared to cryptocurrencies. In the long run, both will exist alongside each other.
Well you are not wrong you are only saying your mindset, but the truth is that blockchain technology is the future and cryptocurrency will be the only currency in the nearest future.
How can you be so sure about that? Both blockchain technology and cryptocurrency have a place in the future but not to the point that cryptocurrency can replace fiat. Do you think governments and all the people will agree to replace fiat when we've been using it a long time ago? And the nature of decentralized crypto is still vague to become a main currency for everyday transactions. 
Until now, Bitcoin has not been applied to payment. Because there are so many things binding it, for example governments that haven't accepted bitcoin and this market yet. And the price of bitcoin is always volatile and very difficult to use for payment. So this market is still at an early stage and it is best to speculate on it
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.
Absolutely true. We've already forgotten the main goal of Bitcoin. At present, community doesn't want crypto to benefit the economy, but to increase in price. No one cares about the decentralization, future, Satoshi, Bitcoin. USD earned today through Bitcoin is more important than anything else. Already, the instant drop of the price is due to these thoughts. Otherwise, if there's confidence in Bitcoin, not everyone sells immediately when the price drops. 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?
Yes, majority people right now invest in cryptocurrency only because they saw it as a good way to get high ROI and not for the 'so-great currency' as the way it tries to sell to us.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?
But that's because of the unstable and variable of cryptocurrency in terms of price. There are people using it for the 'currency-ish', a bit low but still there as a minority number so nothing to worry about.
Heck, if USD, gold or silver somehow become unstable and variable in price, I'm willing to bet there will people start to hoarding them as well.
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?
You are right the first few lines, Bitcoin was created to trade without intermediaries and can trade worldwide quickly and safely. In addition, bitcoin is now more speculative than using them in everyday life.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?
But you should remember that in order for Bitcoin to be popular, we need the approval of governments around the world. And so far there are not so many countries accepting it so we need to wait more for this to happen.
Well you are not wrong you are only saying your mindset, but the truth is that blockchain technology is the future and cryptocurrency will be the only currency in the nearest future.
Why do you say that blockchain technology is the future and cryptocurrency will be the only currency in the nearest future? Is it because the market has started to improve? or because the token that you hold has begun to rise in the market price?
Personally, i don't really think Satoshi Nakamoto developed Bitcoin to place fiat currency but rather introduce an alternative way people can easily send funds without any third party involvement. Considering how blockchain and Bitcoin were designed, these inventions were meant to bring decentralization into our financial ecosystem rather than replacing fiat currency. Bitcoin needs fiat currency to exist, without it bitcoin can't exist.
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