Topic: What would you do if after a year bitcoin replaces all the world currencies? (Read 948 times)
June 02, 2016, 01:54:15 PM
i think then nothing could be done. all will over then. it will be a normal situation then. while the whole univers use the same type of currency, i think then there will be no compition,
June 02, 2016, 10:52:19 AM
this will never happen because no matter how big bitcoin can get there will always be a large number of people who will stick to their old fiat and never switch and also governments will neither like nor allow this to happen.
June 02, 2016, 10:28:14 AM
I cant imagine using bitcoin in stores buying cigarettes,candy ..and the worst part is im giving bitcoin to the beggars on the street.
They didnt even know what it is.
They didnt even know what it is.
A bitcoin paper wallet is probably more useful as bog roll than a form of currency to a begger......
June 02, 2016, 10:19:33 AM
Well i mean the price would most probably rocket to the sky so in my opinion i would start buying as much bitcoins as possible when i would see that the price is going up really quickly
besides that i would tell about it to all my relatives in order for them to become rich too, and what would you do if that suddenly would start happening?
besides that i would tell about it to all my relatives in order for them to become rich too, and what would you do if that suddenly would start happening?
I don't know what I would do or how to react to this.
The main reason is I don't believe Bitcoin will replace all other currencies on this planet.That is really delusional imo.
Bitcoin has huge potential and can reach really high value in the future, but it won't be the alone de facto world currency, dominating this planet.
June 02, 2016, 03:01:30 AM
well i guess you are right about the idea that some people will have to have some big losses in order for others to make some more money, i actually did not think about it that way before
though by saying rich i did not mean that i would like to have that much money, i wouldnt have where to put it, i wanted to say that i would like to make enough money for buying the stuff i would like
You are talking about having a, let's say, adequate amount of money where you would be able to buy the 'stuff that you like' and not have to work anymore? That can be a variating sum depends on wishes and your region. As far as the thread is concerned, I've warned you what was going to happen:though by saying rich i did not mean that i would like to have that much money, i wouldnt have where to put it, i wanted to say that i would like to make enough money for buying the stuff i would like
You are most likely going to end up with random 1-2 2-3 liners ("I'll do X"; "I'll do Y" type of answers) from spammers.
The longer this thread stays alive the worse it is going to get.Bitcoin is digital thing , can't replace any physical stuff like cash. IMO
So e-mails are a digital and they could not possibly replace physical stuff like post, right? But they did. You're trying to make a very ridiculous, and closed-minded, point. IMO June 02, 2016, 02:47:56 AM
If that happens then I can buy everything through it wherever i am there's no need for money exchange. i will spend bitcoin like fiat and will start to store many bitcoin in my account.
June 02, 2016, 01:39:01 AM
Well i mean the price would most probably rocket to the sky so in my opinion i would start buying as much bitcoins as possible when i would see that the price is going up really quickly
besides that i would tell about it to all my relatives in order for them to become rich too, and what would you do if that suddenly would start happening?
besides that i would tell about it to all my relatives in order for them to become rich too, and what would you do if that suddenly would start happening?
So your plan is to start buying when the price goes up really quickly? And people wonder why there are bubbles!
It is more likely that the price will rise quickly, you will buy, then the price will fall and you will with you Bitcoins shouting about hodling!
Back to your idea: it would be a nightmare, bitcoin isn't made to be a world currency, it is too slow and limited. Security would be very difficult when 50mBTC is worth a lot of money, viruses and trojans etc would be everywhere trying to get into online wallets.
June 02, 2016, 01:34:01 AM
Ohhh man , its not logical.
If bitcoin replaces all currency , where you want to exchange?
Not many merchant accepts bitcoin . Where do you want to spend it?
Bitcoin is digital thing , can't replace any physical stuff like cash. IMO
If bitcoin replaces all currency , where you want to exchange?
Not many merchant accepts bitcoin . Where do you want to spend it?
Bitcoin is digital thing , can't replace any physical stuff like cash.
IMO June 02, 2016, 01:24:17 AM
It's pretty hard to even imagine bitcoin replacing all the world currencies after only one year. It would have to be some weird magical circumstance. But ok, I'll bite. If it did happen, then I would have to re-evaluate whatever bitcoin hodlings I had and figure out some kind of spending,savings, investment budget based on bitcoin being the world currency.
June 02, 2016, 01:22:34 AM
The world population (the total number of living humans on Earth) was 7.349 billion as of July 1, 2015. Source : http://www.worldometers.info/world-population/ - Now think about that for a while, and let it sink in. Do you think Bitcoin will scale to handle such a load?
The world is also too diverse and people are sentimental when it comes to currencies. We will never see 1 world currency, and Bitcoin will never be that currency, even if it happens.
The world is also too diverse and people are sentimental when it comes to currencies.
It would be quite easy, instead of bitcoin, people would use satoshis for their daily purchases. A whole bitcoin would suddenly be like a million dollar bank note. Not used for daily life, but nice to have.
As far as replacing all world currencies.. not going to happen. There are hundreds of currencies for a reason, that is because governments want control over their currency. They are not going to give it to Chinese miners.
Finally, if it were to happen, fiat wouldn't be worth shit, so you would only think in bitcoins from that point on.
June 02, 2016, 01:11:13 AM
I doubt that will happen in the future. But if that's the case, I will spend bitcoin like fiat money as usual.
June 02, 2016, 01:08:04 AM
The world population (the total number of living humans on Earth) was 7.349 billion as of July 1, 2015. Source : http://www.worldometers.info/world-population/ - Now think about that for a while, and let it sink in. Do you think Bitcoin will scale to handle such a load?
The world is also too diverse and people are sentimental when it comes to currencies. We will never see 1 world currency, and Bitcoin will never be that currency, even if it happens.
The world is also too diverse and people are sentimental when it comes to currencies.
June 02, 2016, 12:30:55 AM
you gotta stop thinking about ifs and also stop thinking about getting rich quickly by just holding bitcoin. start seeing how good bitcoin is in comparison to fiat and use it more as a currency.
this way of thinking is the main reason why the market can change this much (volatility) people are hoping to get rich so they start buying, the a wave of FUD hits the media so they all panic and start selling then it is reversed so they panic again and start buying.
in the end these people are only losing money because of the way they think.
this way of thinking is the main reason why the market can change this much (volatility) people are hoping to get rich so they start buying, the a wave of FUD hits the media so they all panic and start selling then it is reversed so they panic again and start buying.
in the end these people are only losing money because of the way they think.
June 02, 2016, 12:03:37 AM
Well if bitcoin really replaced all the world's currencies in the future, That means all countries use same currencies, I will use it to buy my daily needs and I will also use it to travel the world and explore the places I want to go to using bitcoin.
June 01, 2016, 11:34:43 PM
I can not think of anything. I do not think that will ever happen. It is way too far to think that bitcoin will replace all currencies in the world in just a year from now. 
June 01, 2016, 11:31:46 PM
I am sure that bitcoin is not going to replace any of the world currencies. It doesn't have the power to do it because it is not regulated by a central agency.
Bitcoin by nature is decentralized and no nation would allow any decentralized currency to become its national currency.
I don't even think about it.
Bitcoin by nature is decentralized and no nation would allow any decentralized currency to become its national currency.
I don't even think about it.
June 01, 2016, 11:05:25 PM
Well i mean the price would most probably rocket to the sky so in my opinion i would start buying as much bitcoins as possible when i would see that the price is going up really quickly
besides that i would tell about it to all my relatives in order for them to become rich too, and what would you do if that suddenly would start happening?
besides that i would tell about it to all my relatives in order for them to become rich too, and what would you do if that suddenly would start happening?
I think bitcoin will not replace the currencies of the world within the next decade. Because we know bitcoin currency is still rarely used by people's,and I think bitcoin can still scam. So be warned if bitcoin prices shot up quickly without any news affecting. thank you
June 01, 2016, 10:57:34 PM
I am collecting whatever i can this year before halving to get atleast 2x by the end of this year. I am not keeping bitcoin for long term but 1 year is still a long term. Replacing all world currency is far from reality.
June 01, 2016, 10:53:12 PM
then the bitcoin creator will ruin the world
World of Warcraft is a massively multiplayer online role-playing game released in 2004 by Blizzard Entertainment. It is the fourth released game set in the fantasy Warcraft universe, which was first introduced by Warcraft: Orcs & Humans in 1994. playermall.com is no.1 world of warcraft marketplace.
World of Warcraft is a massively multiplayer online role-playing game released in 2004 by Blizzard Entertainment. It is the fourth released game set in the fantasy Warcraft universe, which was first introduced by Warcraft: Orcs & Humans in 1994. playermall.com is no.1 world of warcraft marketplace.
June 01, 2016, 06:14:11 PM
I cant imagine using bitcoin in stores buying cigarettes,candy ..and the worst part is im giving bitcoin to the beggars on the street.
They didnt even know what it is.
They didnt even know what it is.
Jump to: