Topic: Will Bitcoins one day replace other forms of money? (Read 846 times)
Actually, bitcoin isn't the first digital form of money, there are a lot of digital fiat currencies issued by banks and payment processor//third party in form of debit cards which have been used more than 50 years or over a century. If you ask about bitcoin replace other forms of money? It may not, even for another century due to people still need cash for daily transactions, especially in third world countries. Digital form of currency has some limitations/disadvantages, and physical form of money such as cash or even gold will always have its advantages compare to bitcoin.
it could happen, but I think it will take a very long time, because not all small countries understand what bitcoin is, maybe because of the lack of access to technology and the internet there
As we have seen so far Bitcoin is a form of currency that has a bright future and that's something that makes it possible for it to replace if not all at least some other type of money out there. If not replace it can at least, with proper investments and movements, take it's spot as another currency that could potentially be used in the money transactions as any other form of money.
No, It is not going to happen Bitcoin cannot replace money, Bitcoin is a crypto currency and it will stay a crypto currency, However, yes it will be used by everyone somehow but that doesn't mean it will replace fiat.
As we see many people many shops are not accepting Bitcoins which is just a sources to evade tax and get payments fast from anywhere in the world.
Government will never let that happen.
As we have seen so far Bitcoin is a form of currency that has a bright future and that's something that makes it possible for it to replace if not all at least some other type of money out there. If not replace it can at least, with proper investments and movements, take it's spot as another currency that could potentially be used in the money transactions as any other form of money.
No doubt that because of bitcoin many country wil change and it can replace the fiat money in the future becuase the value is still increasing bumping and bumping up so if you're lucky to have bitcoin please hold you'll get a lot of money someday 
Will bitcoin one day replace other form of money? Yes it is posible...now lots of people knew about bitcoin and the positive impact on it can be the way to became a method of any payment...
it may be, as the year the bitcoin price goes up and then people are increasingly interested in finding out about bitcoin. This could be one reason bitcoin could be the currency used for everyday
Like one of the most important factor in Bitcoin is that it is highly volatile which means the value can increase or decrease within one sec which might gain you better profit but at the same time the value might decrease subsequently leading to a greater loss on your investment. Other than that, there are many factors like issue of legality, prone to illegal activities, bad news and rumors and much more.
Bitcoin is already on it's way to replacing other forms of money. It is far superior so it makes sense, it will just take time as the rest of the world still needs to lose faith in governments and fiat money. That's a surprise.
Replacing whole fiat system with bitcoins is not good idea.Volaitily will kill system which result in hyper inflation.But there are good alternative coins that offers unvolatile,stable payments with keeping price change in range.
As we have seen so far Bitcoin is a form of currency that has a bright future and that's something that makes it possible for it to replace if not all at least some other type of money out there. If not replace it can at least, with proper investments and movements, take it's spot as another currency that could potentially be used in the money transactions as any other form of money.
if bitcoin makes other money, it would be a problem in terms of its own economy, which makes Bitcoin and the like judged unsuitable for currency. This is due to the fact that Bitcoin's supply is limited, in contrast to reprinted banknotes with serious observations by the central bank
Maybe in the future but who knows right in my opinion i think the very main reason why its hard for bitcoin or any other crypto take over the fiat money is because crypto is volatile and no stable price unlike fiat money
No, it's not practical for various reasons. I think it will become a form of investment. If a cryptocurrency is going to replace fiat money then it would have to be a much faster, more user friendly form of Bitcoin. But I don't see that happening anytime soon.
I do not think that's going to happen, bitcoin is just as an alternative to online payment and safer payment for a larger amount. Fiat money will still be used in countries where the majority of the population has not utilized the technology to the fullest.
I think for now bitcoin cannot replace any currency because aside from the fact that it is unstable bitcoin also has a very limited numbers which I think is not enough to sustain the growing demand but if time comes that the value of bitcoin reaches 1million dollars maybe it can replace a currency
As we have seen so far Bitcoin is a form of currency that has a bright future and that's something that makes it possible for it to replace if not all at least some other type of money out there. If not replace it can at least, with proper investments and movements, take it's spot as another currency that could potentially be used in the money transactions as any other form of money.
if bitcoin makes other money, it would be a problem in terms of its own economy, which makes Bitcoin and the like judged unsuitable for currency. This is due to the fact that Bitcoin's supply is limited, in contrast to reprinted banknotes with serious observations by the central bank 
Frankly speaking it’s a possibility but still it will take a long time before it happens. For now people prefer to have cash of their local nation as a form of value since that’s how everyone got used to. But in the near future maybe it might started to replace some forms of money specially the express transfer because technology keeps evolving and the demand of having to transact faster will put the bitcoin into a good candidate.
I think replacing other currencies is not necessary because many users of bitcoin convert bitcoin to their local currencies and use them in spending it, FOR NOW. If these curent currencies we use will be removed, I think that is the time when everyone is using bitcoins and we can use it in our daily needs.
As we have seen so far Bitcoin is a form of currency that has a bright future and that's something that makes it possible for it to replace if not all at least some other type of money out there. If not replace it can at least, with proper investments and movements, take it's spot as another currency that could potentially be used in the money transactions as any other form of money.
no one can explain or predict what might can happen to bitcoin .but if bitcoin replace other forms of money, i don't think it will be easy for the people who don't know about the bitcoin they need to adjust and they need to learn about bitcoin how to earn and used it .but i don't think it will happen because the traditional cash or country money will not dis appear until the government was have it.like in the other country their prioritize their country money that's why bitcoin can't used .
Nothing is impossible, if crypto currency like Bitcoin starts outpace cash in terms of usage it is quite possible that traditional currencies might lose their value and eventually replaced by Bitcoin. But government will never want that as it will take finical control from their hands and they will try every possible method to stop it.
it is a nice thought but it is unrealistic because there are a lot of forms of money and a lot of currencies belonging to different countries and different governments. these are not just going to disappear or even go down without a fight. and people are still happily using them.
bitcoin is more like an additional option.
bitcoin is more like an additional option.
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