Will Bitcoin always be dependent on fiat? Is it? - page 2.

diodio5

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Quote from: Altynbekova on March 17, 2016, 03:28:07 PM

I think for a couple more years it will be depended on the fiat, but after that it will stand on his own.
Its still a long journey for the bitcoin but I think it will stand on its on legs at the end.

all users expect bitcoin can be used directly. without the help of fiat or without converting to fiat to buy something
we want to be like another country's currency. accepted in a country. is it possible?

blackmachinegun

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Quote from: goinmerry on March 17, 2016, 12:19:49 AM

Quote from: Crazygreek on March 16, 2016, 01:11:57 PM

I think not, btc are still new for people. Maybe in future it will be independent but now we have what we have. But it's also not so bad, eveything dependent on smth

Yes it is still in maturity stage where it will be known all over the world even the people who aren't educated much will know that there is a currency like this that exist online. Maybe that way they will pursue an education in how to use a computer.

now most bitcoin used for profits and jobs where people that they do not have a job in real life. I think it's not a problem they will help bitcoin become popula. and bitcoin is not just a currency or investing it. bitcoin could be anything Cheesy

danherbias07

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As always it will. It is like the definition of something. How much is it worth? Defining how good an item or a thing is. Commodities, indices or stocks. Fiat will be there to say how valuable they are.

betohell

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Quote from: knowhow on March 17, 2016, 03:08:56 PM

No bitcoin will be always conneted to fiat,even if goes mainstream,as you cant save anywhere bitcoins ,it may happen in the future this option but i really doubt,bitcoin will be dependent always ,and we cant do nothing to stop it as we need our fiat as well.

yeah like another currency that is connected to the other currencies.
bitcoin currency will also become commonplace. certainly they will all be interconnected to all Cheesy

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Quote from: Altynbekova on March 17, 2016, 03:28:07 PM

I think for a couple more years it will be depended on the fiat, but after that it will stand on his own.
Its still a long journey for the bitcoin but I think it will stand on its on legs at the end.

Within a couple of years nothing would get changed. Bitcoin will be used over most of the countries legally but the dependence over the fiat will continue. Now too bitcoin is on its own legs.

torrentheaven

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Quote from: Altynbekova on March 17, 2016, 03:28:07 PM

I think for a couple more years it will be depended on the fiat, but after that it will stand on his own.
Its still a long journey for the bitcoin but I think it will stand on its on legs at the end.

There will be few countries and people who will continue to use fiat as they are not aware about bitcoins, and if they are, they would hesitate in using it.

Altynbekova

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I think for a couple more years it will be depended on the fiat, but after that it will stand on his own.
Its still a long journey for the bitcoin but I think it will stand on its on legs at the end.

ausbit

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Quote from: knowhow on March 17, 2016, 03:08:56 PM

No bitcoin will be always conneted to fiat,even if goes mainstream,as you cant save anywhere bitcoins ,it may happen in the future this option but i really doubt,bitcoin will be dependent always ,and we cant do nothing to stop it as we need our fiat as well.

Yes i think fiat is the basic necessity of the majority of us as even if don't have bitcoin fiat can take care of us but if we don't have fiat then situation would be horrible.

knowhow

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No bitcoin will be always conneted to fiat,even if goes mainstream,as you cant save anywhere bitcoins ,it may happen in the future this option but i really doubt,bitcoin will be dependent always ,and we cant do nothing to stop it as we need our fiat as well.

n0ne

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Quote from: goinmerry on March 17, 2016, 12:19:49 AM

Quote from: Crazygreek on March 16, 2016, 01:11:57 PM

I think not, btc are still new for people. Maybe in future it will be independent but now we have what we have. But it's also not so bad, eveything dependent on smth

Yes it is still in maturity stage where it will be known all over the world even the people who aren't educated much will know that there is a currency like this that exist online. Maybe that way they will pursue an education in how to use a computer.

Dependency doesn't mean the system is not capable of running on its own. The dependence here is something like an alternative. So bitcoin will depend on fiat till some collapse occurs.

goinmerry

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Quote from: Crazygreek on March 16, 2016, 01:11:57 PM

I think not, btc are still new for people. Maybe in future it will be independent but now we have what we have. But it's also not so bad, eveything dependent on smth

Yes it is still in maturity stage where it will be known all over the world even the people who aren't educated much will know that there is a currency like this that exist online. Maybe that way they will pursue an education in how to use a computer.

stromma44

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Quote from: umaOuma on March 16, 2016, 06:24:26 PM

If I have to buy anything at a moment I need to convert my bitcoins to fiat, and I think in future also I will have to follow the same, so I think bitcoin will always need a support from fiat.

We will find places in future where we can use bitcoins directly for making purchases, but again we cannot afford to ignore the fact that fiat will be also used by those who don't believe in bitcoins.

umaOuma

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If I have to buy anything at a moment I need to convert my bitcoins to fiat, and I think in future also I will have to follow the same, so I think bitcoin will always need a support from fiat.

Crazygreek

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I think not, btc are still new for people. Maybe in future it will be independent but now we have what we have. But it's also not so bad, eveything dependent on smth

ronaldinho_07

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One of the biggest examples happened here,last year most signatures were paying 0,10btc weekly,around 20-30 dollars,and this yeat all signatures reduced their payment to almost half of the value,soo for business that runs with just bitcoin the ammount paid should be the same being bitcoin worth 100 or 800?Sure not they pay the signature based on the value of bitcoin ,all depends of fiat in the end.

knowhow

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Quote from: dodgecharger on March 14, 2016, 07:09:42 PM

I don't agree. Many startups are coming out to make Bitcoiners spend Bitcoin to pay the daily necessities without the need of fiat money, like bitwala. http://coinour.com/index.php/bitwala-offers-free-charge-transactions-only-for-two-weeks/ Due to the negative interest in many countries, people are reluctant to keep fiat money.

Well sure they can work with bitcoin as several exchanges but will them just hold the bitcoin or do they convert it to fiat?Sure this happens they need capital to run their business and if they invested 200k dollars at bitcoin they will get their investment and then maybe collect just bitcoins,buts its risky as no one can prevent the future of bitcoin.

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Quote from: BitsandBites on March 14, 2016, 07:25:27 PM

I think it will still be dependant on fiat for a long time.
Unless you can do literally everything with bitcoin there still will be some dependency with other currencies.

That is the right thing to say it. Bitcoin needs to be known by some individuals too. Just ask 10 persons outside the city ask if they know bitcoin and that question mark on the head will be seen all over him. Unlike, dollars, pounds, peso, etc etc this currencies have been known for many years. I say bitcoin is still a baby.

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Quote from: DeDordtenaar on March 14, 2016, 10:13:27 AM

Quote from: ronaldinho_07 on March 14, 2016, 09:28:11 AM

Bitcoin and fiat will always be a team,as all wanna invest at bitcoin and take the profit and if possible the investment back into fiat and keep playing with the profit at bitcoin .

yeah because of the exchange rate and the price of bitcoin always rely on fiat or examples of dollars. so both of them are like two pictures of currency, can not be separated. both will always be in touch

Though the two are extremely different by the method of development as well backing, in common the fiat is present. It acts to be a connective bridge. So till the end of currency use bitcoin depends on fiat.

BitsandBites

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I think it will still be dependant on fiat for a long time.
Unless you can do literally everything with bitcoin there still will be some dependency with other currencies.

dodgecharger

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I don't agree. Many startups are coming out to make Bitcoiners spend Bitcoin to pay the daily necessities without the need of fiat money, like bitwala. http://coinour.com/index.php/bitwala-offers-free-charge-transactions-only-for-two-weeks/ Due to the negative interest in many countries, people are reluctant to keep fiat money.

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