Topic: Is the presence of Bitcoin able to wipe out cash? - page 4. (Read 878 times)
I think bitcoin is not gonna replace money but it will be commonly used as a mode of payment just like your normal money. Bitcoin can also be used on first world countries but I think on third world countries it will not be commonly used. Money has been used for years and it has became a traditional mode of payment.
I think the bitcoin and the cash will go side by side like if we look at the present time period then the bitcoin is also using but if we made comparison then the cash is better for every one in the world people do many transaction with out internet and without internet in the cash you can perform transaction offline it is very common among us and through this the interest of the people for bitcoin is increasing but cash is still using for every thing.
As it is famous today. that Bitcoin is the solution to the weakness of cash. Many people are switching from cash and using Bitcoin.
If this continues to happen then the cash will be destroyed.
what do you think about it?
will Bitcoin be replacing cash?
what if the cash impact is no longer used?
I do not think they are switching from cash to bitcoin, but they buy bitcoin with cash to invest and also use it for any buying and selling transactions via the internet. bitcoin can not replace cash, because some countries have forbidden it. so how can bitcoin be able to replace cash, while bitcoin alone is not tangible. in my opinion an alternative bitcoin for us can get some cash If this continues to happen then the cash will be destroyed.
what do you think about it?
will Bitcoin be replacing cash?
what if the cash impact is no longer used?
What I understand is bitcoin is not currently being used as a replacement for cash. It's used as a replacement for the digits that are controlled by the banks. Who knows bitcoin will be able to wipe out cash. There's no properties of cash that bitcoin can't accomplish as long as everybody has access to mobile phones and internet as far as I know.
Bitcoin will not replace the cash, the total amount of Bitcoin is only 21 million.
Each bitcoin is divisible into 100 million units. Do you know that?
Bitcoin is only suitable for choice rather than a substitute
Absolutely!! .... no sense...
The price of one coin is too high and is used primarily as an investment, and not as a currency for small purchases.
1$ is worth 13000 IDR, that makes the $ totally unattractive , right?
1 Berkshire Hathaway Inc share is worth 301 005.00 USD , totally unattractive.
Indeed Bitcoin is well known in some countries and can be a solution for economic growth. But Bitcoin is very difficult to change currency.
Really? Why?
does not mean in the presence of bitcoin then cash will be eliminated. Why is that? Because it is not easy to replace the important role of cash in this world even if replaced with bitcoin or non-cash because all walks of life use money as a tool to transact in everyday life. and cash is the easiest way to make transactions. again still many people do not understand how to use bitcoin or non cash money.
Oh, but it's quite easy to replace it.
Sweden did it, Israel is planning to and a lot of countries are already having 3/4 of their transactions in digital form.
Yeah , Bitcoin won't be the reason cash is going to be extinct but cash is going to be irrelevant in a decade.
for now I think it can not yet because all countries still use their currency as a transaction but I am sure that someday bitcoin will be able to replace ordinary money but all takes time 
this will never happen, money are way too important in terms of politics, economy and lifestyle.. crypto might become a side currencies but there is no way crypto will replace money in the next century
But crypto is a form of money, isn't it? Are you aware the fact that most circulated supply of money is not cash (3-5%)?
Governments would actually prefer all money exchanges to have a digital footprint, so imo it's not that far away from us.
Delirium
in each state, their money, their laws
in each state, their money, their laws
I don't think bitcoin can wipe out cash. Bitcoin has not yet been recognized around the world, and it has many disadvantages, such as slow trading and high transaction fees. The future may still be the king of all altcinos.
Well it is not like this because it is seems to be increasing in price now and as much as the transaction concerned it is now fast as compare to old time, now it is not taking that much time as it was taking long ago, now people use to pay for transaction and get fast transaction, free transaction is also possible but it will take more than 2 or 3 days, bitcoin is easy to use and it has a lot of advantages as it can be use as a job it is saving, it is investment and also a kind of business so for me in future bitcoin will be familiar to all people of the world and then price of bitcoin will be more than before. As it is famous today. that Bitcoin is the solution to the weakness of cash. Many people are switching from cash and using Bitcoin.
If this continues to happen then the cash will be destroyed.
what do you think about it?
will Bitcoin be replacing cash?
what if the cash impact is no longer used?
Bitcoin is different from physical money or cash either in technology or purpose of existence. Yes you are correct because Bitcoin is the solution of slower and unsafe transactions. People switching from cash to Bitcoin are wise though we already know the effect of volatility so I think we should be cautious too. I don't think if cash will be easily destroyed or replaced because governments will never allow that to happen. Having both assets will be much better and even more wiser. The use of Bitcoin as online payments or investments and fiat money for our daily needs will make our life more easier and convenient. If this continues to happen then the cash will be destroyed.
what do you think about it?
will Bitcoin be replacing cash?
what if the cash impact is no longer used?
does not mean in the presence of bitcoin then cash will be eliminated. Why is that? Because it is not easy to replace the important role of cash in this world even if replaced with bitcoin or non-cash because all walks of life use money as a tool to transact in everyday life. and cash is the easiest way to make transactions. again still many people do not understand how to use bitcoin or non cash money.
I don't think bitcoin can wipe out cash. Bitcoin has not yet been recognized around the world, and it has many disadvantages, such as slow trading and high transaction fees. The future may still be the king of all altcinos.
I think like you, bitcoin is not eligible to replace cash, if bitcoin replaces cash, governments must issue applications that meet consumer requirements and bitcoin prices must be fixed, unchanged. by the time. At present, bitcoin is not qualified, some countries have not accepted bitcoin. Some individuals do not really believe in bitcoin.
Bitcoin is really powerful, and for me, it can wipe out cash. The production of cash gets harder and harder when time flies while bitcoin's value still goes up, bitcoin will surely conquer cash in the future by the means of transferring and also in production. We all know that in order to make cash, there are certain materials needed and in the near future, there might be a lack on it while in bitcoin, technology is the limit, technology in our age is very outstanding and still improving, in the future it will improve and develop more and that will be a way for bitcoin to establish its power beyond cash.
Bitcoin will not replace the cash, the total amount of Bitcoin is only 21 million.
Bitcoin is only suitable for choice rather than a substitute because we are talking about fiat currency where it is the official currency of a particular country.
I do not think that Bitcoin will replace the regular money.
The price of one coin is too high and is used primarily as an investment, and not as a currency for small purchases.
Indeed Bitcoin is well known in some countries and can be a solution for economic growth. But Bitcoin is very difficult to change currency.
Bitcoin is only suitable for choice rather than a substitute because we are talking about fiat currency where it is the official currency of a particular country.
I do not think that Bitcoin will replace the regular money.
The price of one coin is too high and is used primarily as an investment, and not as a currency for small purchases.
Indeed Bitcoin is well known in some countries and can be a solution for economic growth. But Bitcoin is very difficult to change currency.
I don't think bitcoin can wipe out cash. Bitcoin has not yet been recognized around the world, and it has many disadvantages, such as slow trading and high transaction fees. The future may still be the king of all altcinos.
it is really not that hard to look at the future of Bitcoin, and right now I am seeing that Bitcoin won't replace anything yet. Bitcoin is suited to become an option not a replacement because we are talking about fiat currency where it is an official currency of a certain country.I do not think that bitcoin will replace ordinary money. The price for one coin is too high and it is used mainly as an investment, and not as a currency for small purchases.
bitcoin in no way can harm to cash.
I do not think that bitcoin will replace ordinary money. The price for one coin is too high and it is used mainly as an investment, and not as a currency for small purchases.
Why do you base your assumption on the price of one BTC.
How much is a satoshi? $0.0000417840
Is that also too high?
For me it can't bitcoin can't wipe out the cash. The cash or ordinary money is can't be replace because all people in this earth are using cash and not every buddy knows the bitcoin. 
False , check Sweden. Cash is becoming useless there with more shops declining cash than accepting it.
Definitely,bitcoin will not replace cash.Total number of bitcoins is only 21 million.Only countries suffering from severe financial crisis and having their currency collapsed use bitcoin as their national currency like liberland.But other governments would not allow bitcoin to be fully used instead of cash.More over,people itself have started to see bitcoin as a valuable investment which could give huge returns and they are not interested in spending bitcoins as a currency.
Same for you , there might be only 21 million bitcoins but each has 100 millions satoshis.
Definitely,bitcoin will not replace cash.Total number of bitcoins is only 21 million.Only countries suffering from severe financial crisis and having their currency collapsed use bitcoin as their national currency like liberland.But other governments would not allow bitcoin to be fully used instead of cash.More over,people itself have started to see bitcoin as a valuable investment which could give huge returns and they are not interested in spending bitcoins as a currency.
Not plausible. Bitcoin is designed as an option, not something that could replace normal currency, as it would be really inconvinient. It's also decentralized and goverments don't have control over any cryptocurrencies, so unless we're going to see Skynet unleashed before us, it's not really something that would happen.
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