Topic: Do you think cryptocurrencies have the potential to overtake regular currencies? - page 20. (Read 4091 times)
August 23, 2017, 01:09:59 PM
That's what going to happen in the future, government and banks will try to control the bitcoin growth. The success of bitcoin is scaring banks and the government, mostly governments want to regulate bitcoins according their own benefit and interests.
August 23, 2017, 10:21:59 AM
A cryptocurrency will not overtake the fiat of a country.
First of all, basically all cryptocurrencies have turned out to be investments, not currencies.
A currency is something that has about the same value every day. Crypto currencies are much to volatile for that.
The second thing is that a national currency needs to be influenceable by the government.
Crypto currencies are just influenced by the market.
First of all, basically all cryptocurrencies have turned out to be investments, not currencies.
A currency is something that has about the same value every day. Crypto currencies are much to volatile for that.
The second thing is that a national currency needs to be influenceable by the government.
Crypto currencies are just influenced by the market.
August 23, 2017, 10:16:28 AM
Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
I don't that government could prevent the people to use bitcoin since bitcoin is anonymous it means they will never know if if that person is being exposed in bitcoin. Besides, bitcoin is innovation that we can never be prevent. We should accept that bitcoin will be another way of payment in future hence, we should adopt and try to learn about this thing now. Yeah, there's a possibilty that cryptocurrency to ovetake the fiat however, we should know that there are many things that couldn't do of crypto. Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
August 23, 2017, 10:15:18 AM
I don't think cryptocurrencies can ever replace fiat. There will always be high demand for fiat among certain groups of people and there are people who will never consider using anything except fiat
August 23, 2017, 10:08:22 AM
Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Cryptocurrencies, currencies that can be manipulated through the use of internet. It is possible for bitcoin to dominate real money but it is impossible for it to make it disappear. Because not all part of the world has fast and stable internet.
As we see, bitcoin is one of a cryptocurrency. It is very famous and has high price. It is not impossible for it to dominate all cryptocurrencies even normal money. As it stays with its stability and improve more in its transaction and security.
August 23, 2017, 10:03:25 AM
Not until big business start to accepting crypto as a means of payment,
but I don't think any business will give up their stack of cash so easily for a virtual coin,
something tangible is always more valuable.
but I don't think any business will give up their stack of cash so easily for a virtual coin,
something tangible is always more valuable.
August 23, 2017, 09:55:47 AM
Cryptos do have the power to overcome normal currency, but they can’t overtake the power of normal currency in the society. As the saying goes, seeing is believing, people would rather see their payment in front of them than for you to transfer through bitcoin.
There are still people who doesn't believe in safer online transactions mostly they are those who got scammed before or those who doesnt have knowledge on how it use. Overtaking rwgular may not really happen but it can lessen the users who use it mostly.
August 23, 2017, 09:48:33 AM
Cryptos do have the power to overcome normal currency, but they can’t overtake the power of normal currency in the society. As the saying goes, seeing is believing, people would rather see their payment in front of them than for you to transfer through bitcoin.
There are still people who doesn't believe in safer online transactions mostly they are those who got scammed before or those who doesnt have knowledge on how it use. Overtaking rwgular may not really happen but it can lessen the users who use it mostly. August 23, 2017, 09:07:52 AM
Cryptos do have the power to overcome normal currency, but they can’t overtake the power of normal currency in the society. As the saying goes, seeing is believing, people would rather see their payment in front of them than for you to transfer through bitcoin.
August 15, 2017, 11:51:07 AM
I think it will not happen since bitcoin are currency that are decentralized so if it taken by goverment , the decentralized concept will be undone
Also people who have bitcoin must pay some tax because of goverment regulation
Also people who have bitcoin must pay some tax because of goverment regulation
August 15, 2017, 11:42:26 AM
I think it is very possible, of course financial problems will be more complex and fiat money will not be able to overcome and cryptocurrency can be a solution.
August 15, 2017, 09:43:42 AM
Overtake in what way? Because if you are talking about prices then cryptocurrencies won the game. But I think when you are talking about being the first choice or an official currency of anything then I think you might be dreaming because Cryptocurrencies won't be a first option to any country with an official fiat currency, its like you are accepting that your country's economy be controlled by another person.
August 15, 2017, 09:38:09 AM
Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
You don’t think the government is stupid do you ? Yes, they believe is a good stock for investment, but they won’t let over ride everything. Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
They’re just keeping silent, cause they are not yet seeing it as a harm to fiat, though if they find a way, they are likely to end it. They’ve got more important things to do than bitcoin. But I don’t believe Bitcoin will end anytime soon.
August 15, 2017, 05:20:11 AM
I do not think that cryptocurrencies have that potential.
Right now we have a bitcoin high. Mainly because people consider it as a form of investment.
But a currency usually is no investment. You invest your currency. Or buy the things you need with it.
Bitcoins original intention was exactly that, to be a form of payment.
But it developed in another direction.
Right now we have a bitcoin high. Mainly because people consider it as a form of investment.
But a currency usually is no investment. You invest your currency. Or buy the things you need with it.
Bitcoins original intention was exactly that, to be a form of payment.
But it developed in another direction.
August 15, 2017, 05:07:48 AM
If thwy can reach out to more people are more will be aware of crypto's potential to make life easier, then i think yes. Cryptocurrencies have a lot more to offer when it comes to transactional features which would make it easier to do things. Though again, its only a possibility as crypto's biggest challenge i think is to make it more accessible
August 14, 2017, 10:14:34 PM
In terms of value yes but in terms of totally replacing the fiat money maybe it can take so many years and probably decades before that can happen. What is sure on my view is that both monies can be co-existing peacefully. I also don't need the need to eradicate fiat money because there will always be people who are not interested with new technology and it would be difficult for them to adopt...we have to respect that. The government may not want to replace the fiat because that is a medium of managing one's economy.
August 14, 2017, 09:36:16 PM
Actually, it already did because Bitcoin price is higher than Gold and also the market cap is bigger than PayPal now...
August 14, 2017, 09:25:07 PM
Yes they have a potential to overtake the regular currencies because the technology is evolving and having a lot of cryptocurrencies will make us to choose what is the best cryptocurrenciy for our needs. Bitcoin and other cryptocurrencies can be used for the future payment system which is a lot way faster and cheaper than the regular currencies so we can see more people getting into bitcoin and using it more often than the regular currencies.
Yes you are right that crypto will nearly takeover the world currency system. It will be seen that a time will come that people will stop going to banks and will keep their money with them safe. And why the way I don’t about other crypto that they will do this or not but I am damn sure about bitcoin as it’s value is increasing we can clearly see that it sill nearly be the source of income for most the people in the world.Do you have any proof about it? And if the crypto currency will be taking over the world currency system, I think we should feel that by now through the way that the government moves and use bitcoin but they are not.
Here in our place, a lot of people do not know what a bitcoin is, some of the population know the digital currency and less that some population is the users of it. With that you can say that it will not taking over fiats.
August 14, 2017, 08:44:02 PM
I don't think so, the government and a lot of people from different country will have a lot of problem coping up with the cryptocurrencies, unless teachings of btc will be implemented on schools.
There's a lot of pro and cons with cryptocurrency.
There's a lot of pro and cons with cryptocurrency.
August 14, 2017, 06:39:03 PM
Yes they have a potential to overtake the regular currencies because the technology is evolving and having a lot of cryptocurrencies will make us to choose what is the best cryptocurrenciy for our needs. Bitcoin and other cryptocurrencies can be used for the future payment system which is a lot way faster and cheaper than the regular currencies so we can see more people getting into bitcoin and using it more often than the regular currencies.
Yes you are right that crypto will nearly takeover the world currency system. It will be seen that a time will come that people will stop going to banks and will keep their money with them safe. And why the way I don’t about other crypto that they will do this or not but I am damn sure about bitcoin as it’s value is increasing we can clearly see that it sill nearly be the source of income for most the people in the world. Jump to: