Is there any chances Bitcoin can replace fiat currency?

Crypto-capitalist

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Quote from: TwSeventh on April 07, 2018, 04:24:30 PM

No No No,
Bitcoin will be our future but it will not replace fiat.
why ? if it want to be a real money in our life aka fiat,it should have physical form.
because it will be used as a form for transaction,
it's totally different if we are using it for our transaction accross the network(digital) because it does not need a physical form.

I think the same. Because if BTC replace fiat - BTC will be fiat)

gowobonyok

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it's hard to say it will happen. because even today people prefer to hold bitcoin and make it an investment asset and it is likely they will continue to hold until the price actually goes up and makes a profit. while for daily transactions, keep using a fiat currency.

amitkumratra

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Bitcoin will use as a alternative payment method but it could not replace the Fiat currency. Because Bitcoin will not used without internet and also it is not able to use on small shops for buying goods.
And the second thing is that, all countries of world not agreed to make Bitcoin legal and there is no possibility that all countries can not adopt Bitcoin as there country currency.

traderethereum

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Quote from: Princessjilian on April 10, 2018, 12:16:34 AM

For me, theres no chances that bitcoin will replace fiat currency. Because not all our transaction that we made needs intern8 connections. We all know that bitcoin dominates the world of crypto currencies but it again it cannot replace the fiat money.

not now, the government is not ready yet to use cryptocurrency and they need to prepare many things before the cryptocurrency is accepted as a new currency. but I have optimistic to see the cryptocurrency to be used in our life and the chances is wide open for cryptocurrency especially if one country is success to applied cryptocurrency in their daily life. maybe in the future, after everything is set it up, cryptocurrency can work together with fiat and not replace fiat currency.

Princessjilian

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For me, theres no chances that bitcoin will replace fiat currency. Because not all our transaction that we made needs intern8 connections. We all know that bitcoin dominates the world of crypto currencies but it again it cannot replace the fiat money.

BTR Community

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Quote from: Cocojam0610 on April 08, 2018, 11:36:25 AM

The possibility for this to happen is huge that we can possibly see it sooner a few years from now. Most of the big companies from different fields now are looking into how they can use the blockchain technology to benefit from it and I think this will drive that possibility sooner than we expect.

BTR Community

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Dear,digital currencies and fiat currencies are very differentBTC

kurdapyo

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better if not, but it is good that virtual money exist. Our fiat money right from the start are being controlled and its value are stable thus was easy to manage and controllable while virtual money came in different and unstable price, but, its good that bitcoin exist because its a source of extra income

Muwatti

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Its very hard to know but we know that soon it will happen... The Bitcoin will gain its popularity and soon every country will recognize it... Especially now that every country are adopting it... It is part of modernization we can't escape from it... Its part of the changes... Soon everyone will adopt it to survive....

acell101

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Quote from: jhonycrypto on April 06, 2018, 07:42:14 AM

Hi guys is there any chances bitcoin will replace fiat currency.

I guess no chance at all. bitcoin is far different from crypto. they have different qualities and functions.. Bitcoin will remain the number one crypto but replacing fiat like money we can easily get from our pocket or wallet is very far from reality.

Flor1982

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Quote from: jhonycrypto on April 06, 2018, 07:42:14 AM

Hi guys is there any chances bitcoin will replace fiat currency.

There is possibilty but it will takes times like years because majority of the whole world population are poor in which they have already very convenient to use the fiat money that even the children can use it instantly unlike Bitcoin currency in which not all people know how to use it and its need the power of internet on every transactions in which also an issue because internet is very limited to explore the whole world specially in poor countries.

democity

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I don't think it is possible for any country to choose a coin that they cannot control to become the legal tender of their country, which can only be counted as a means of circulation. That would bring disaster, which is obvious.

Conte_Forni

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No, this can not be! This is not necessary! Each has its own function !!!

Spiero7

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I have always say this and believe in its possibility that one day we are all gonna see this happen. I believe in Blockchain technology as the future, thus, it is very much possible for crypto to replace Fiat currencies.

reybaron

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I think in this HighTech generation, it's possible. People are engaging and learning more about digital currency or cryptocurrency. So if bitcoin will continue to rise and they're more interested to get in, then fiat currencies are no longer needed.

Stimah22

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My answer will always be NO because the use of Bitcoin require educative knowledge which not everyone has, also the volatility of bitcoin to money is scary, no one can boldly predict the future price of Bitcoin which also make it not to be compared with money. So there is NO any chance of cryptos replacing fiat currencies.

Cocojam0610

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The possibility for this to happen is huge that we can possibly see it sooner a few years from now. Most of the big companies from different fields now are looking into how they can use the blockchain technology to benefit from it and I think this will drive that possibility sooner than we expect.

tom14cat14

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Quote from: jhonycrypto on April 06, 2018, 07:42:14 AM

Hi guys is there any chances bitcoin will replace fiat currency.

Chance? We are here to do that Grin

of course it can otherwise there will not be that much interest around BTC, I think that chances that happen is already more than 50% and it will be world wide accepted by 2020.

munify

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Quote from: jhonycrypto on April 06, 2018, 07:42:14 AM

Hi guys is there any chances bitcoin will replace fiat currency.

I do not think it will happen, bitcoin replaces fiat money, fiat currency will still exist because behind the fiat money there is government, and that will make fiat money still exist.

ryanben

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This isn't possible, it can only resonate for each other to coexist. It's like the gold market, but here's about the financial technology

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