Digital Currency Take Over - page 12.

bitcoinrays

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Quote from: jamids on July 06, 2018, 10:59:44 PM

Quote from: crzy on July 06, 2018, 07:47:35 PM

Fiat money will stay even digital currency becomes stronger in the future because fiat money is much more easy to use very liquid and of course this represents one nation. I think digital currency will just be a great alternative to transact online aside from credit cards.

They would co-exist and we will have many choices then of how we would pay if it would be cryptocurrency or fiat. If we think about it, cryptocurrency is just like paying through credit card/debit card because there is no physical money involve. It wouldn't be able to eliminate physical money though because it would be hard for the people who have no access to technology to transact if they don't know anything about it and they can't even use it. Electricity would need to be solve first before the legal tender would be taken over.

Yes you’re right man, I just believe that fiat and cryptocurrency will coexist and everything will be balanced in the market and we won’t have no need for competitions or whatever. I believe people should be allowed to make their choice, If you decide that fiat is the way then you can go for it, but if you think that cryptocurrency is the best you can also go in for that. We shouldn’t be creating competitions here and there.

royalfamily1000

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Quote from: mwaqar17 on May 08, 2018, 03:49:04 PM

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

I think its hard for digital currency to take over because all the areas in the countries are fully spreaded with internet connections and aside from that the systems of many stores and establishment are not yet ready.

dragontigear

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Quote from: ov3rflow9x on July 11, 2018, 04:55:46 AM

For the most part, the cryptocurrency is more of an investment asset than the usual method of payment, which can be used in everyday life. In addition, virtual money is a parallel developing monetary system, and it is not legal in many countries.

It's very beneficial for cryptocurrency holder if the digital currency will take over but its hard for it to become successful because digital currency is dependent on the internet connection and the network is limited only in some areas.

ov3rflow9x

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Merit: 100

For the most part, the cryptocurrency is more of an investment asset than the usual method of payment, which can be used in everyday life. In addition, virtual money is a parallel developing monetary system, and it is not legal in many countries.

Dayomi

newbie

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Digital currency is the new era of exchange. It will take over all form of exchange very soon

mathtoughfat

newbie

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I would say 5 to 10 years from now digital currency will take over the financial world. I am saying this because as to how I see the transition that we are making from fiat money transaction to cash-less transactions and payment it is very clear that we are already in the digital age wherein money and cash is not a big deal as long as you can do transaction using digital money. Yes they can say that digital money is prone to being hacked, but they should also know that fiat money and cash is prone to corruption and that is why money laundering is happening.

imsotiredofmoviereboots

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We are on the digital age so there's no point on fighting. Books are now turning into ebooks. Maybe mid-aged people still patronize it but the future generations are gonna stick to ebook. That's what will happen to fiat and it is destined to happen.

Best Dreams

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Quote from: bitgolden on July 10, 2018, 05:32:33 AM

Quote from: mwaqar17 on May 08, 2018, 03:49:04 PM

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Well, like you said, there are countries that doesn’t support Bitcoin cause of several reasons… so do you think it can go that far when there are more opposing sides?, 🤔I’m saying this cause I don’t think so. Bitcoin (cryptocurrencies) will make progress but not to the extent you’re looking at, I just believe that everything will be balanced in the market.

Maybe time will come when some of the countries that are against the use of cryptocurrency will learn to accept but not without terms and conditions. Whatever happens, just hope it’s for the better.

It does not take too long for the time to be change so I think one day it is possible to see bitcoin being legal all over the world and those who are against bitcoin will accept it, now we are aware of the bitcoin power and the value, all over the world almost 80% of countries are accepting bitcoin and using it as source of payment and investment so I think there are high chances to see bitcoin as the coming currency for all of us.

bitgolden

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Leading Crypto Sports Betting & Casino Platform

Quote from: mwaqar17 on May 08, 2018, 03:49:04 PM

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Well, like you said, there are countries that doesn’t support Bitcoin cause of several reasons… so do you think it can go that far when there are more opposing sides?, 🤔I’m saying this cause I don’t think so. Bitcoin (cryptocurrencies) will make progress but not to the extent you’re looking at, I just believe that everything will be balanced in the market.

Maybe time will come when some of the countries that are against the use of cryptocurrency will learn to accept but not without terms and conditions. Whatever happens, just hope it’s for the better.

Blue Bell

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Activity: 280

Merit: 10

Quote from: Kayum10029 on July 07, 2018, 10:27:34 AM

I don't believe that bitcoin take over. World becoming closer to closer due to modernize.one day people don't to buy,sell, shopping, marketing with paper money .so they show their egarity towards online currency.

You should believe in this reality because now bitcoin has gain the attention of almost 99% of population, because now we are living in the digital age where we will need bitcoin the most, it makes double of profit such as we can buy goods and we can enjoy easy and cheap online shopping, gradually people are being interested in digital currency and forgetting about fiat, because it will only buy you goods but using digital currency will help you have extra money along with purchasing.

Kayum10029

full member

Activity: 1190

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I don't believe that bitcoin take over. World becoming closer to closer due to modernize.one day people don't to buy,sell, shopping, marketing with paper money .so they show their egarity towards online currency.

GunsLair

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Yes, indeed, countries that do not accept digital currencies are doing wrong. They want to get taxes. But they don't receive them anyway. Because all the same in their countries cryptocurrencies are present only illegally. But still, I think that digital currencies can't completely replace fiat money. They will exist on an equal basis.

Itup19

newbie

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Its only a matter of time before the digital currency fully take over the market because were in the modern era now. Cheesy

jamids

sr. member

Activity: 616

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Quote from: crzy on July 06, 2018, 07:47:35 PM

Fiat money will stay even digital currency becomes stronger in the future because fiat money is much more easy to use very liquid and of course this represents one nation. I think digital currency will just be a great alternative to transact online aside from credit cards.

They would co-exist and we will have many choices then of how we would pay if it would be cryptocurrency or fiat. If we think about it, cryptocurrency is just like paying through credit card/debit card because there is no physical money involve. It wouldn't be able to eliminate physical money though because it would be hard for the people who have no access to technology to transact if they don't know anything about it and they can't even use it. Electricity would need to be solve first before the legal tender would be taken over.

crzy

full member

Activity: 2128

Merit: 180

Quote from: BeGoods on July 03, 2018, 08:30:38 PM

Quote from: bobbyjonathan on June 20, 2018, 01:00:31 PM

Digital currency is gradually getting more adoption I should say. However, if you mean it totally taking over the market and wiping out other forms of transaction then that would be extreme. Consider the underdeveloped countries, the illiterates and name them. If everything suddenly goes digital, how do they survive?

I think it will require a process for switching to digital currency, we know that not everyone is using gadgets and internet today, of course, digital currency can not be implemented directly, digital currency will surely take over, but it will take time and a long process...

Fiat money will stay even digital currency becomes stronger in the future because fiat money is much more easy to use very liquid and of course this represents one nation. I think digital currency will just be a great alternative to transact online aside from credit cards.

Sum24

member

Activity: 448

Merit: 10

Quote from: Lion34 on July 06, 2018, 09:24:19 AM

Digital currency take over no not yet the World have not really know much about the new world of digital currency. Also, many of this digital currency or token have not be make use of the way the team member plain it. However, if this still remain the same in digital world or better put in cryptosystem it means that little people still know this new world. To know this new world of digital currency better we both have a lot of work to do. The world of digital currency is getting better.

Well I think it is not true now crypto currency is famous enough all over the work, almost everyone knows how to make good profit, bitcoin is at high demand everyone is trying to make is legal in their country and they want to benefit their people from it, bitcoin is taking over the world because every market every school and every university is ready to accept the payment is form of bitcoin, there is nothing to be worry about just keep calm bitcoin is going to be global currency soon,

Lion34

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Digital currency take over no not yet the World have not really know much about the new world of digital currency. Also, many of this digital currency or token have not be make use of the way the team member plain it. However, if this still remain the same in digital world or better put in cryptosystem it means that little people still know this new world. To know this new world of digital currency better we both have a lot of work to do. The world of digital currency is getting better.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: noictib on July 03, 2018, 11:58:36 AM

Quote from: mwaqar17 on May 08, 2018, 03:49:04 PM

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Your every point in favour of the cryptocurrency is right , but here a big factor that I think is the point view of understanding about the digital currency .
Most of the people in this world are happy with their routine work and they don't want change that works and they want continue to work like that so here I don't think that they will see digital currency as a better option in Thier life , they will only go with the Fiat currency system .
So a type of understanding will not make them in favour of the cryptocurrency , even if they know very well that how much they can make and what they can achieve in Thier life .
So better for us to show our power that what we can do with the cryptocurrency and make use of cryptourrency as much as possible in our daily life to.give a better place to the cryptocurrency in our life .

This is true, people are lazy they are not going to adopt cryptocurrencies unless they have to, many people resisted to use computers and the internet at first because they had a way of doing things already established and it was not until the advantages were very clear they had to change their ways, so I really think we are going to need a crisis so we can see the adoption to grow considerably, this will be similar to what happened to those that lived through the great depression and that never trusted in banks ever again.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: bobbyjonathan on June 20, 2018, 01:00:31 PM

Digital currency is gradually getting more adoption I should say. However, if you mean it totally taking over the market and wiping out other forms of transaction then that would be extreme. Consider the underdeveloped countries, the illiterates and name them. If everything suddenly goes digital, how do they survive?

I think it will require a process for switching to digital currency, we know that not everyone is using gadgets and internet today, of course, digital currency can not be implemented directly, digital currency will surely take over, but it will take time and a long process...

noictib

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One of the world's leading Bitcoin-powered casinos

Quote from: mwaqar17 on May 08, 2018, 03:49:04 PM

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Your every point in favour of the cryptocurrency is right , but here a big factor that I think is the point view of understanding about the digital currency .
Most of the people in this world are happy with their routine work and they don't want change that works and they want continue to work like that so here I don't think that they will see digital currency as a better option in Thier life , they will only go with the Fiat currency system .
So a type of understanding will not make them in favour of the cryptocurrency , even if they know very well that how much they can make and what they can achieve in Thier life .
So better for us to show our power that what we can do with the cryptocurrency and make use of cryptourrency as much as possible in our daily life to.give a better place to the cryptocurrency in our life .

Topic: Digital Currency Take Over - page 12. (Read 3108 times)