Topic: What will happen if the all countries convert to cryptocurrency? - page 9. (Read 12677 times)
October 05, 2019, 10:51:13 PM
If the whole world goes crypto, then we can strongly say that the much anticipated future is here and that cryptocurrency has now finally achieved its mass adoption. It will be an incredible experience because the entire market cap will rise massively as the demand keeps coming.
October 05, 2019, 09:12:47 PM
That's a real massive adaptation and demands will increase resulted into skyrocket price. But of course I don't bother to think about it because it's impossible to happen. Maybe number of countries accepting crypto will increase in the near future but going to convert in crypto, for me it's impossible. Even technology is gettng better every year, I don't think one country will abandoned and won't used a fiat currency. Still, it's more convenient and faster to used fiat physically.
October 05, 2019, 08:02:07 PM
many people consider it a good thing but we don't know the situation will come, that is, began to question the concern about the stability affected by it
maybe if anyone becomes a pioneer and gets success it is very open for other countries to follow the steps
maybe if anyone becomes a pioneer and gets success it is very open for other countries to follow the steps
October 05, 2019, 07:37:03 PM
If all countries convert to cryptocurrency, it will be good news for cryptocurrency, because it will increase the price of cryptocurrency and each country will facilitate cryptocurrency for transactions and internet networks will be strengthened and expanded so that all can be accessed because using cryptocurrency requires the Internet.
but that does not mean that cryptocurrency can replace fiat currencies in every country and both will still be used together.
but that does not mean that cryptocurrency can replace fiat currencies in every country and both will still be used together.
October 05, 2019, 04:52:09 PM
All countries will sooner or later use crypto currency. This is inevitable, so what happens next?
The first people to invest in crypto money will probably be the richest people of those days, because the supply is limited and prices will boom when the whole world moves here.
The need for internet will increase. because you will always need to stay connected to the internet when paying
The first people to invest in crypto money will probably be the richest people of those days, because the supply is limited and prices will boom when the whole world moves here.
The need for internet will increase. because you will always need to stay connected to the internet when paying
October 05, 2019, 01:37:03 PM
It is not going to happen at least in the near future. Most governments around the world are still using mainly fiat currencies and banking systems for financial purposes. However, assuming that happened, it is sure that the prices of Bitcoin and most promising altcoins will go to the moon in a short amount of time.
October 05, 2019, 01:31:43 PM
Fantastic price will be if all countries convert money to cryptocurrency, how much billion USD every hour will get higher price of bitcoin or altcoin for second to second time, many people will join bitcoin and altcoin for investing money there,, but its less possible with many country still not allowed for bitcoin or altcoin make legal.
I bet fiat would be useless since all of the people around the world will start to use bitcoin too, and the cashless society we've been dreaming of for so long would finally happen if countries will use cryptocurrencies instead of fiat. Plenty of things would be implemented, like putting WIFIs in all public place because we need that in order to use cryptocurrency, opening our wallets and sending transaction in a fastest way than before.
October 05, 2019, 01:00:28 PM
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?
I think making all the payment digital can make every transaction convenient. Also, I believe that someday everybody will accept these cryptocurrencies. However, we needed cash today since a lot of things are dependent on tangible money. One disanvantage of using crypto is the chance that it will change its value through time and this was not good especially when the price dumps. The only thing we should do now is to support this crypto so that it will attract new investors
October 05, 2019, 08:30:38 AM
If all county convert using cryptocurrency maybe crypto become higher price, cash money will have low transaction every day if all country have allowed cryptocurrency. Some time I want to see with many country want to adopt bitcoin or altcoin for digital currency payment to bring easy way for many transaction kinds.
October 04, 2019, 09:03:38 AM
If that happens then all fiat money will no longer be valid in the world, everyone will use Cryptocurrency as a payment method for transactions and I think it will be difficult to happen. Because not everyone understands the world of Crypto. Even only a few people in this world who understand Crypto well.
maybe it can happen but not in the near future. many interests refuse to legalize bitcoin in many countries. but if all countries have legalized it, I think the supply of bitcoin will decrease further, due to many factors. this will make the price very high, because it is caused by shrinking supply and increasing demand October 04, 2019, 08:20:41 AM
If there's nothing to govern this mode of payment and will be used widely across the world, then chances are more thefts and illegal activities would go untraceable. No insurances from anyone since there's no one to regulate cryptocurrencies. It's controlled by a distributed network and identifying who transacts to whom would be difficult. In case of its advantages, using crypto would further make transactions faster and limitless and since no one controls it, no additional fees to pay as it cuts the middleman out of the equation.
October 04, 2019, 07:46:19 AM
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?
I have no doubts that it's going to happen, the advantages outweigh the disadvantages, we are already using ATM to all our transactions online and it will happen to Cryptocurrency, but we still need fiat, to transact because it is internet-based and not all country and every corner of this world has internet access, here in our country there are only a few ATM-based Cryptocurrency, but in the next 5 years if the adoption continues we will have more around the world.
October 04, 2019, 01:46:38 AM
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?
All I can say is that were not yet ready simply because there are some places who don't even have an internet connection like in rural places in the 3rd world countries. Though it is really convenient in terms of speed of transactions and if it does excuted across the world it will be unfair for those who don't have connection. October 03, 2019, 11:43:33 PM
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?
I see no reason to discuss this topic, since no state will ever switch to using only cryptocurrencies. States will always use their national money, this is a mandatory sign of statehood. Cryptocurrency can only be used along with national money of states. Yes, and it is difficult to imagine how the value of cryptocurrency will be estimated if there is no more than the usual currency. 
October 03, 2019, 05:09:40 PM
Fantastic price will be if all countries convert money to cryptocurrency, how much billion USD every hour will get higher price of bitcoin or altcoin for second to second time, many people will join bitcoin and altcoin for investing money there,, but its less possible with many country still not allowed for bitcoin or altcoin make legal.
Moreover, it is unlikely that this will happen because of the resistance by the government itself which will make it difficult for many countries to convert it to crypto, and I don't think this is something that should be done because only with sustainable adoption is also sufficient for this market will growing bigger, compared to requiring many countries to convert it to crypto just to increase its value. I don't think it's an effective way if we really expect crypto to be used in many sectors. October 03, 2019, 12:52:27 PM
Fantastic price will be if all countries convert money to cryptocurrency, how much billion USD every hour will get higher price of bitcoin or altcoin for second to second time, many people will join bitcoin and altcoin for investing money there,, but its less possible with many country still not allowed for bitcoin or altcoin make legal.
September 26, 2019, 08:18:12 AM
If all countries convert to cryptocurrency then that will be a great idea because crypto can be used as payment method to buy foods and etc. Hopefully this will happens co'z this will help us a lot, we can get benefits and profits if this will gonna happened.
September 25, 2019, 12:35:58 AM
That's gonna be awesome, because by then it means massive adoption of cryptocurrency has taken place, this will help in pushing up the whole total market cap of the whole cryptocurrency up,
It's just a speculation though because I don't see all the whole countries switching their conversion to cryptocurrency, There will still be some countries that will not want to, but in future majority of countries will accept it.
It's just a speculation though because I don't see all the whole countries switching their conversion to cryptocurrency, There will still be some countries that will not want to, but in future majority of countries will accept it.
September 24, 2019, 02:55:41 AM
Going digital worldwide with payments is inevitable so I know for sure that we are going to reach that phase. So if all countries convert to cryptocurrency then expect ease of transactions but not everyone but only majority of the population. Just visualize that moment just like how smartphones have taken the world that they dedicate half of their day surfing on the net. So your question is essentially how the future will look like in the next 5-10 years.
September 23, 2019, 10:17:48 PM
If all country allowed convert to cryptocurrency maybe many country will getting much profit with bitcoin and alcoin, they can't use lower fee for export and import payment.
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