For me, it can be used as an alternative mode of payment. As of now, it's really difficult to replace fiat and it's much easier to make small payments using fiat. But bitcoin excels when sending payment across borders without limit, from anywhere, without having an intermediary that logs everything you purchase or transact. It's not the use case for bitcoin to replace small payments as of now because of slower transactions and volatility, but in terms of it being an investment and medium of payment for larger amounts is where I think it can be used.
I think bitcoin cant replace fiat currency. Just like what he ssid, bitcoin has limited used. It always need internet. Think about people who dont have intermet access how can they have it, how will they earn it. Bitcoin is just another type of currency which can help us in financial need but cant replace what fiat currency whatever happen. 
Topic: The use of Bitcoin - page 4. (Read 1453 times)
I never for once expect bitcoin or any cryptocurrency to be the main currency we are using, I can’t even imagine that happening, they are only going to be an alternative and not a replacement. Very soon a lot of countries will start creating their own cryptocurrencies, China is leading in this and as soon as they release their own cryptocurrency and things starts working out fine, a lot of countries will start to do the same.
These cryptocurrencies are going to serve as an alternative and can be exchanged for the fiat we are using and there will be special wallets dedicated to them I guess, and as time goes on other wallets will be able to add them.
it might be difficult to make bitcoin a substitute for payment, and if that happens it will take quite a long time to get used to getting people to use it. and current rivals bitcoin rivals are cryptos made by a country but I am not really sure that cryptos created by a country will be able to rival bitcoins. These cryptocurrencies are going to serve as an alternative and can be exchanged for the fiat we are using and there will be special wallets dedicated to them I guess, and as time goes on other wallets will be able to add them.
I never for once expect bitcoin or any cryptocurrency to be the main currency we are using, I can’t even imagine that happening, they are only going to be an alternative and not a replacement. Very soon a lot of countries will start creating their own cryptocurrencies, China is leading in this and as soon as they release their own cryptocurrency and things starts working out fine, a lot of countries will start to do the same.
These cryptocurrencies are going to serve as an alternative and can be exchanged for the fiat we are using and there will be special wallets dedicated to them I guess, and as time goes on other wallets will be able to add them.
These cryptocurrencies are going to serve as an alternative and can be exchanged for the fiat we are using and there will be special wallets dedicated to them I guess, and as time goes on other wallets will be able to add them.
Bitcoin can be an option for a payment in every transaction that we are going to do. Bitcoin can increase the speed of transaction since it is now on the digital state. It will make the economy of the country to grow even more since digital currencies provides a faster transaction. The faster transaction, the faster the movement of the economy of a country.
Based from my experience sending bitcoin transaction, even if it is digital and a new technology, its transaction speed is quite slow compared to fiats being digitalized, the moment we use bitcoin for daily transaction, is when it was already updated, and most of the people adopted segwit technology or even the native segwit upgrade. Which is in fact a better version of bitcoin, to send transaction faster, and to lower the transactions fees, but the most important is to reduce the consumption of electricity from the miners.
Bitcoin is a digital currency.
Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.
Bitcoin is used as a payment method in many services these days. I often pay my hosting/ domain services by Bitcoin. Other people who have no idea about Bitcoin can still use it, just scan the qr codes to make any payments. Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.
Bitcoin can be an option for a payment in every transaction that we are going to do. Bitcoin can increase the speed of transaction since it is now on the digital state. It will make the economy of the country to grow even more since digital currencies provides a faster transaction. The faster transaction, the faster the movement of the economy of a country.
One thing that I really want is bitcoin can be used as hedging aside from being the commodity I mean you can secure your asset out there without worrying about the price drops or crash down. When its price becomes more stable those richest people will secure their money in it and the price will be skyrocket, bitcoin is perfect with its decentralization nature and I think it supposed to be virtual gold.
If you are worried about how to use BTC and the usability, don't need to worry because with time people will develop better ways to keep and spend BTC
In a near future will be as easy as a credit card for example, remember that kids nowadays are using smartphones or tablets very soon
I agree with what you've said. With the help of the fast-paced development of Cryptocurrency and Blockchain Technology, everything can be figured out and that would be a great help on using Bitcoin for different projects. I believe that we will find out something that will make use of BTC. In a near future will be as easy as a credit card for example, remember that kids nowadays are using smartphones or tablets very soon
There are many ways to use bitcoin we can use it to pay in online shop because some are accepting bitcoin and we can also cash it out so many can we do to bitcoin. Change it in cash and buy anything you want. This digital currency is very nice one to use and easy to cash out to make money.
The children would surely have a difficulty on using it as a payment method but there could always be a way to ease it.
If Bitcoin would be accepted and be used as a payment option surely there would be a wallet that could be used to send an exact amount and easily convert the crypto into Fiat so the consumer and seller wouldn't overspend.
If Bitcoin would be accepted and be used as a payment option surely there would be a wallet that could be used to send an exact amount and easily convert the crypto into Fiat so the consumer and seller wouldn't overspend.
Later, the use of Bitcoin will increase. Almost all countries will declare Bitcoin as legal. Bitcoin will be used daily. It's just my thoughts.
Yes, this can happen but the days aren't close. In almost ten years of time bitcoin has achieved big growth and secured a separate place in the market. These things have happened just because it is decentralized. Further onwards the growth gets associated with more things, and in such a manner I believe the change, but it takes much longer time period.
Later, the use of Bitcoin will increase. Almost all countries will declare Bitcoin as legal. Bitcoin will be used daily. It's just my thoughts.
That's why I think Fiat is still needed even if Bitcoin will be used for a global currency in the future. For me, Fiat and Bitcoin are both needed because they have own advantages and disadvantages. We cannot leave Fiat because it will be efficient to be used in undeveloped regions. While Bitcoin will be very useful to support the need for fast and unhindered money transactions in developed regions.
If we can think of possible solutions to help cryptocurrency do the job for fiats, it would be better. Since we need a unifying currency that will lead to better economic stability, I am pretty sure blockchain technology will make its way to reach people far from the technology itself. To make them know not just in using the cryptocurrency to buy products as well as to become more educated in saving it to a safer banks that they can consider their own.
Bitcoin can be use to buy things in the internet and some website or companies accept bitcoin as a payment i think but there are limitations because it is not known to other people and its not legal to use in other countries
Bitcoin is a digital currency.
Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.
This is the reason why crypto doesn't really need to overtake the Fiat,Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.
Fiat and crypto could both exist without replacing or destroying each other,
I just don't get why other people are eager to see crypto take over Fiat and be the only paying system that would live.
Bitcoin is a digital currency.
Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.
I use bitcoin for trading and investing only, still not available using as currency in my country I use to earn money with bitcoin investing and trading. I am very thanks full for my country give access for bitcoin investor to use bitcoin only for trading and investing assets because many country have not legal using bitcoin and banned for access to bitcoin website, not really hope for bitcoin become legal currency transaction if bitcoin have legal become investment assets.Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.
Bitcoin is a digital currency.
Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.
I use bitcoin for trading and investing only, still not available using as currency in my country I use to earn money with bitcoin investing and trading. I am very thanks full for my country give access for bitcoin investor to use bitcoin only for trading and investing assets because many country have not legal using bitcoin and banned for access to bitcoin website, not really hope for bitcoin become legal currency transaction if bitcoin have legal become investment assets. Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.
I believe everything can be learned. Being curious about it is also the eagerness to learn about it. For those interested might as well willing to learn and study about it. Bitcoin uses are more likely transacted through internet. It will really costs a lot. But still more people are getting it because it really improves the individual's financial stability.
That's why I think Fiat is still needed even if Bitcoin will be used for a global currency in the future. For me, Fiat and Bitcoin are both needed because they have own advantages and disadvantages. We cannot leave Fiat because it will be efficient to be used in undeveloped regions. While Bitcoin will be very useful to support the need for fast and unhindered money transactions in developed regions.
Bitcoin is a digital currency.
Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.
Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.
bitcoin is not a physical currency so it is a given that a 2-year-old kid can't use it. as for the elderlies, they will learn just like how they learn how to use ATMs and credit cards etc.. but since bitcoin
will only be an alternative method for payment(since they still have their own currency) it will only be an option for them if they want to learn it. and if the government gave bitcoin the same treatment
like their own currency? it will be used to the extent of how the citizen uses their own currency.
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