Topic: How many years will take that fiat coin will be replaced by cryptocurrency? - page 2. (Read 1745 times)
October 28, 2017, 05:53:54 AM
Material money has been used for a very long time, and it's hard for people to give them up and have only the right money when they grow trust in the crypto currency, then people will be able to gradually give up the fiat
October 17, 2017, 01:05:56 AM
How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)
In my opinion, We can't really tell about that and it maybe possible but still we need both cryptocurrency and fiat money. We don't even know if we still exist in the future. Cryptocurrency for me is the best investment asset while fiat money is an asset for what we are using to pay and buy our everyday needs anytime and anywhere. Cryptocurrency has still in it's early age and also has unstable market which is because of the volatility unlike fiat money that has stable value. Bitcoin depends on the community, users and news if ever something bad will happen price will plummet and that is not good in buying goods because we need to wait until the price will bounce back. Therefore, investing in both assets will be really the best way to have if we can. DO you think it's possible or not at all? Plz share your opinion:)
October 17, 2017, 12:23:42 AM
I do not think that in the near future it will be possible to go into everyday life to use crypto currency instead of money fiat. Before this, there is a need for a number of conditions for a technological plan, legal and organizational support, and also to achieve a 100% knowledge of users, at least the basics of crypto-currency, from the theoretical and practical aspects. For this, decades must pass. I read recently that Sweden and Denmark want to completely switch to using crypto currency in a few years, abandoning the usual paper money. I do not think that it will work out in them. Although the experiment is good.
I want to add that there is also problems in energy and number of transactions it may accommodate. Digital currency needs device to make transaction and this devices consumes energy in which is not advisable for local transactions. The hashpower uptodate is not also sufficient to accommodate nationwide transactions. 
October 17, 2017, 12:10:25 AM
I do not think that in the near future it will be possible to go into everyday life to use crypto currency instead of money fiat. Before this, there is a need for a number of conditions for a technological plan, legal and organizational support, and also to achieve a 100% knowledge of users, at least the basics of crypto-currency, from the theoretical and practical aspects. For this, decades must pass. I read recently that Sweden and Denmark want to completely switch to using crypto currency in a few years, abandoning the usual paper money. I do not think that it will work out in them. Although the experiment is good.
October 16, 2017, 01:05:57 PM
How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)
anything is posible mate. But, in my opinion Fiat can't be replaced by cryptocurrencies. Fiat is something that represents a country's moneraty value. But, they can be partners with cryptocurrencies to build more growth in the country. DO you think it's possible or not at all? Plz share your opinion:)
October 16, 2017, 12:53:18 PM
It will be possible only if a certain cryptocurrency would have stability to replace fiat, due to changing value and it limitations when we can only be able to use it, It's really hard to determine how many years will it take before a cryptocurrency finally took place over fiat .
October 16, 2017, 12:42:11 PM
Crypto currency will not replace fiat currency ever. Crypto currencies are alternative just like gold they are to met the demands of cryto activities. The use of digital currencies will definitely increase but fiat currency will not completely lose out.
October 16, 2017, 11:54:40 AM
How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)
I think here both of them are more advantageous because we can't complete our needs .DO you think it's possible or not at all? Plz share your opinion:)
At one side we can't make complete our daily needs things without fiat , but opposite of this side in the cryptocurrency we needs much because our earnings are due to the cryptocurrency market and it's fluctuations with fiat value .
So here both of them are important thing in our daily routine Life , And we can't remove anyone of them .
Here if you will analyse that whether is any country exists where use of bitcoin is available at every place then ofcourse yes ! , But still in most of the countries people don't know about the bitcoin very well and also they don't want understand because they feels that bitcoin is not much safe option to have payment .
October 16, 2017, 11:30:45 AM
Im not sure it will happen. we still need fiat money for daily transactions. for me not worth use crypto for buy something especially buy with small amount. just make me regret if value of that coin increase high. I prefer exchange my coin to fiat if need buy something.
October 16, 2017, 11:14:34 AM
How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)
DO you think it's possible or not at all? Plz share your opinion:)
Thinking about the replacement of fiat coins with cryptocurreny is imaginable but in reality i don't think it is possible that fiat coins can be replaced completely because government would not completely allow the use of cryptocurrency. they would still make paper currency so that it is easily available to the people with no knowledge of bitcoins or altcoins .
Although, Cryptocurrency is more popular nowadays, but over thousands of years, people still love gold, silver, diamonds like jewelry and one kind of currency. Moreover, many places in the world, people do not have the internet to know cryptocurrency
October 16, 2017, 10:59:58 AM
How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)
DO you think it's possible or not at all? Plz share your opinion:)
Thinking about the replacement of fiat coins with cryptocurreny is imaginable but in reality i don't think it is possible that fiat coins can be replaced completely because government would not completely allow the use of cryptocurrency. they would still make paper currency so that it is easily available to the people with no knowledge of bitcoins or altcoins .
October 16, 2017, 10:58:08 AM
Our current financial framework is rotten and stinks imho.
States are already preparing to shift FIAT into crypto. Russia just announced the cryptoruble...
States are already preparing to shift FIAT into crypto. Russia just announced the cryptoruble...
October 16, 2017, 10:53:05 AM
In the economic case Cryptocurrency can't replace the function of fiat around this world.
Cryptocurrency just have a role for a digital comodity and fiat still will be a a valid payment instrument.
Cryptocurrency just have a role for a digital comodity and fiat still will be a a valid payment instrument.
October 16, 2017, 10:52:52 AM
Never unfortunately. Governments can't print or tax bitcoin. But if it would ever happen, then it would be with a government issued crypto currency.
October 16, 2017, 10:49:45 AM
I do think that its possible but it will probably take many years . To be able to UAE cryptocurrencies you will need either a PC or phone, which is something some people from undeveloped and some developing countries may not be able to afford. And that's not the only reason, cryptocurrencies also need to be stable in order to be trusted by peoples .
October 16, 2017, 10:46:14 AM
This might never happen but it's not a problem. Cryptocurrency can happily co-exist with FIAT as its become evident in recent years. Bitcoin keeps growing thanks to interest from investors that are dealing with large amounts of FIAT. Legitimizing bitcoin withing a state-economy is actually a good way to expand its use cases.
October 16, 2017, 10:44:01 AM
How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)
Maybe it would take a 100 years before it happens because they cannot control crypotocurrency unless they make their own and even if they make their own cryptocurrency, their problem is the supply. It is hard for them to create another supply if they need funds unlike fiat they can easily print paper money with out a problem. DO you think it's possible or not at all? Plz share your opinion:)
October 16, 2017, 10:41:10 AM
How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)
DO you think it's possible or not at all? Plz share your opinion:)
I have a doubt that fiat money can be replaced by crypto currency. Fiat money is always more important than others.
If fiat money will be replaced by crypto, so many people especially old people or who can cot use internet will have trouble.
October 16, 2017, 10:34:59 AM
I am sure that cryptocurrencies will never displace real paper money... and I think this is the position all analytics all over the world have.. there is a possibility that fiat will have crypto version but it will be still the same fiat
October 16, 2017, 10:34:24 AM
I doubt fiat will be vanished and replace by a cryptocurrency Because fiat is important in every country. Other countries too will keep on using it unless some country will switch to digital money when they see the potential of having a paper less money that you will use in paying goods and services.
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