I'm more positive into this. A decade could look short, but recent innovations have been exponential in nature. And the need for paper money and coins are getting obsolete, with digital means already being used and sometimes even replace paper money completely.
It is also worth noting that paper money and fiat is different terms. Paper money is the physical representation, fiat is the currency itself and could exist digitally or physically.
Also, Bitcoin is not the only potential replacement for fiat. It could be Ethereum, or other still unknown cryptocurrency, or government-backed cryptos. Nobody knows for sure.
Topic: In the next decade, BTC and digital currencies will “fully” replace fiat? - page 3. (Read 953 times)
December 29, 2019, 09:18:40 AM
December 29, 2019, 09:13:55 AM
A decade is a long time and there could be a lot of things and changes that can occur. We might be slowly switching from fiat to cashless society. But as of now, fiat is still useful since crypto usage as a mode of payment or alternative is limited and it is not fully adapted yet. It might take sometime before we fully adapt crypto and use it in a daily basis.
December 29, 2019, 09:02:12 AM
If, in the next few years, the cryptocurrency market is stable, many countries accept payment in cryptocurrencies, then Bitcoin and other digital currencies can completely replace fiat. But the future is unpredictable, it may or may not happen. And what do you think about this?
and everything will start after the halving next year,since we are now growing and growing and the community will be multiplied specially when the price booms again more than what we have in 2017.and yes another decade will be enough to reach our goal to finally overtake fiat and Crypto becomes the primary currency.
Let us see what will happen in the next year if what will gonna happen to the movement of the price of Bitcoin in halving. How people will add demand to this upcoming halving. I think we need 1-2 more decades before we'll finally have full adoption in the Bitcoin, it really needs more time and marketing before it will finally adopt in the world.
December 29, 2019, 08:47:52 AM
If, in the next few years, the cryptocurrency market is stable, many countries accept payment in cryptocurrencies, then Bitcoin and other digital currencies can completely replace fiat. But the future is unpredictable, it may or may not happen. And what do you think about this?
and everything will start after the halving next year,since we are now growing and growing and the community will be multiplied specially when the price booms again more than what we have in 2017.and yes another decade will be enough to reach our goal to finally overtake fiat and Crypto becomes the primary currency.
December 29, 2019, 08:14:01 AM
Traditional paper money was already existing for a long long time and I don't believe that 10 years is enough to make fiat vanish just easily. In that 10 years, the possibility of cryptocurrency growing and adoption is big but fully replacing fiat isn't easy to achieve. It's hard to predict what will happen after a decade. And actually in reality, a decade isn't enough for third world countries to make that big changes
Third world countries will follow the policies of developed countries if it happens simultaneously, it will still take time but in the end they will be able to adapt. effectiveness will still lead to a new era of digital money even though it will still be wrapped in fiat system, this is where people will start their new steps to use bitcoin as an alternative without having to replace fiat, but the government also cannot deny regulation if the use of bitcoin is far more transparent geo-politically in the coming decades.
December 29, 2019, 06:28:39 AM
this topic isnt new and been discuss many times before but all i can say is that cryptos cant fully replace fiat but partially replace it maybe because crypto were also useful and have double purpose than compare to fiat alone .
still a nice prediction though if big people wants this to happen because we know that they are also into cryptos and will gladly support cryptos until the future comes .
still a nice prediction though if big people wants this to happen because we know that they are also into cryptos and will gladly support cryptos until the future comes .
December 29, 2019, 06:19:29 AM
Traditional paper money was already existing for a long long time and I don't believe that 10 years is enough to make fiat vanish just easily. In that 10 years, the possibility of cryptocurrency growing and adoption is big but fully replacing fiat isn't easy to achieve. It's hard to predict what will happen after a decade. And actually in reality, a decade isn't enough for third world countries to make that big changes
December 29, 2019, 02:19:52 AM
And you think governments will allow this happen. The place where I live, i can hardly buy anything with cryptic and there are many countries in the world where crypto is no where to be seen. Just because it's a cool new innovation doesn't mean it can replace fiat. First let's see can we buy something with bitcoin in real life or not. A cup of coffee price in bitcoin is way less then its transaction fee and settlement time is too high.
December 29, 2019, 02:13:13 AM
If, in the next few years, the cryptocurrency market is stable, many countries accept payment in cryptocurrencies, then Bitcoin and other digital currencies can completely replace fiat. But the future is unpredictable, it may or may not happen. And what do you think about this?
December 27, 2019, 06:43:47 AM
Exactly. Besides, I think there are some places in this world that are not ready yet for this kind monetary system, especially in the third world countries. Also, it needs to be legalize first across the world which seems impossible for now. Just like what others say Bitcoin and other cryptocurrencies cannot replace fiat but rather could become an alternative monetary system. Moreover, I think Cryptocurrencies does not fit to become a common currency due to the fact that it is too volatile.
Well, if we are to look at the truth, there are so many countries belonging from third world countries that are really open for adoption of cryptocurrency. And we could not disregard the fact that there is a chance that these third world county might be the leading adopters of crypto, one main example of it is the presence of many indonesians and Filipinos here, which puts light to make their economy better with cryptocurrency.
December 27, 2019, 06:10:41 AM
... As for me, I think next decade would not be enough just yet for digital currencies to fully dominate, as most banks and people from around the world still prefer fiat more than Bitcoin, etc.
Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts.
I share your opinion with mine. In my opinion, I don’t really think that cryptocurrencies exist just to bring downfall of fiat system but rather I see it as a new monetary system that would go hand in hand with fiat in order to offer more choices and conveniences towards the people. “Fully replacing the fiat” is quiet a bold statement to make and these predictions are quiet wild in some way where they are looking far into the future with no current circumstances backing and I would classify this as a fiction for now.Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts.
December 27, 2019, 05:52:00 AM
Fiat worlds is has been gearing towards the end for the last couple of years. There re reports over 90% of payment are electronic payments in Scandinavian countries. However, this is still mostly centralized credit cards and payment processors. BTC and crypto is just the next evolution of that.
Most likely, bitcoin will completely replace fiat, after passing ten years. By this period, Bitcoin must confront the state system and become a leader compared to gold. The emphasis should be on Bitcoin to get ahead of gold as soon as possible. 
December 08, 2019, 07:15:29 AM
... As for me, I think next decade would not be enough just yet for digital currencies to fully dominate, as most banks and people from around the world still prefer fiat more than Bitcoin, etc.
Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts.
I share your opinion with mine. In my opinion, I don’t really think that cryptocurrencies exist just to bring downfall of fiat system but rather I see it as a new monetary system that would go hand in hand with fiat in order to offer more choices and conveniences towards the people. “Fully replacing the fiat” is quiet a bold statement to make and these predictions are quiet wild in some way where they are looking far into the future with no current circumstances backing and I would classify this as a fiction for now. Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts.
December 08, 2019, 06:40:13 AM
I doubt if that will happen. What's more likely is fiat and crypto existing alongside each other in complete harmony.
December 08, 2019, 06:32:05 AM
The cryptocurrency never replaces Fiat. Fiat is very important in life and it has existed for a long time, and Fiat represents the economic development of each country.
December 08, 2019, 02:53:50 AM
To my opinion cryptocurrencies will never replace fiat. They will develope further and they will become more equal to fiat currencies but they will not replace them.
Due to its characteristics cryptocurrencies are volatile and unstable and world economies can't rely on them. Also, very small number of people is.using cryptocurrencies and due to lack of knowledge and internet connectivity they are not available to them. So, let's be realistic.
Due to its characteristics cryptocurrencies are volatile and unstable and world economies can't rely on them. Also, very small number of people is.using cryptocurrencies and due to lack of knowledge and internet connectivity they are not available to them. So, let's be realistic.
December 08, 2019, 02:48:51 AM
I think governments of any country wouldn't like that any imaginary currency become a barrier between the growth of their legal tender and their economy that's why some countries are trying to develope the sources which could be helpful for them to take control on cryptocurrencies maybe this attempt won't be successful but some governments are trying to stop cryptocurrency revolution which is impossible I guess.
December 08, 2019, 01:55:11 AM
As for me, I think next decade would not be enough just yet for digital currencies to fully dominate, as most banks and people from around the world still prefer fiat more than Bitcoin, etc.
Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts.
Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts.
yes, of course, cryptocurrency will be the main payment flow for people around the world when changes in the world will use everything with blockchain technology and this will certainly make it easier for us to make transactions whenever we want, and but I don't think we can say that the Fiat currency will die or end when it all happens because I'm sure some people still need fiat currency to give to their children to buy snacks.
December 08, 2019, 01:44:47 AM
If it were to say that digital currencies could replace fiat currencies, it probably wouldn't have been possible. Because national currencies are very stable and have a strong circulation of countries. But this is also a very new thing for digital currencies when applied in many countries around the world
December 07, 2019, 10:47:49 PM
I am positive about such thing.
It might happen eve sooner than next decade as things are getting closer to a state where everyone will think on using it as mainly fiat currency.
As long governments think it's the best to legalize it and not ban it away we will probabily be fine and more countries will start adopting it.
It might happen eve sooner than next decade as things are getting closer to a state where everyone will think on using it as mainly fiat currency.
As long governments think it's the best to legalize it and not ban it away we will probabily be fine and more countries will start adopting it.
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