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Author Topic: Do you think Bitcoin will surpass fiat money?  (Read 27007 times)

Offline Cordillerabit

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Do you think Bitcoin will surpass fiat money?
« on: November 27, 2017, 03:33:17 PM »
what do you think guys? :)

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Do you think Bitcoin will surpass fiat money?
« on: November 27, 2017, 03:33:17 PM »

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #1 on: November 28, 2017, 02:14:55 PM »
I think no because the government didn't support bitcoin
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Re: Do you think Bitcoin will surpass fiat money?
« Reply #2 on: November 28, 2017, 07:21:59 PM »
it will be difficult because governments find it difficult to accept bitcoin, but all the same we are our own government in the cryptoworld
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Offline dianepot

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #3 on: November 30, 2017, 02:12:27 AM »
i think no .. bitcoins didnt have taxes thats why government didnt support it.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #4 on: August 27, 2020, 08:26:53 AM »
And in what way can bitcoin even theoretically surpass fiat money? The amount of funds in cryptocurrency, and even more so in bitcoin, is still so relatively small that even the G20 countries decided that cryptocurrency poses no threat to financial stability.
Bitcoin and cryptocurrency in general cannot supplant ordinary currencies of states or exist without them.
Bitcoin is far superior to all other fiat currencies in price alone.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #5 on: August 27, 2020, 08:40:36 AM »
USD is the popular money all over the world. I believe more years from now bitcoin will surpass fiat in terms of digital and security assets. Time will not change but people wants and desires constantly changing year by year.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #6 on: August 27, 2020, 09:08:41 AM »
I think this is too difficult because many governments are acting against the cryptocurrencies but some countries are trying making own digital currency and BTC is high volatility coin but nowadays many people are adopting the digital currencies and digital payments systems so in future anything can happen.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #6 on: August 27, 2020, 09:08:41 AM »


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Re: Do you think Bitcoin will surpass fiat money?
« Reply #7 on: August 27, 2020, 10:21:52 AM »
I think no because the government didn't support bitcoin

I think It is true, at several countries, the government does not support bitcoin. There is several countries has blocked bitcoin.
But we must know. The digital currency is the future currency.
I think no one can refuse the bitcoin and alternative coin.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #8 on: August 27, 2020, 10:32:59 AM »
Why does Bitcoin need to surpass Fiat? I don't think it is needed and it is a bit hard to happen. I am not sure if we can manage finance without Fiat at all. In my opinion, Bitcoin is an option to support the world's economy and financial sector. It makes sense as Fiat has some weaknesses nowadays. People need transparency and fast transaction world wide. Bitcoin offers the solution, even it doesn't need the third party and can be sent at any time.
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Re: Do you think Bitcoin will surpass fiat money?
« Reply #9 on: August 27, 2020, 11:16:42 AM »
This isn't ideal, bitcoin is completely different from fiat. Why do you think traders and investors often sell their bitcoin to fiat when it peak. Fiat is useful same as btc for store of value and exchange of value, fiat is very important in real world and hedge against bitcoin drop and volatility.
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Re: Do you think Bitcoin will surpass fiat money?
« Reply #10 on: August 27, 2020, 11:51:54 AM »
I am not sure if we can manage finance without Fiat at all. In my opinion, Bitcoin is an option to support the world's economy and financial sector.
Yeah. Fiat cannot be separated in everyday life and has become a necessity. All over the world people shop using fiat instead of bitcoin. I think of bitcoin as an investment asset that generates a lot of fiat
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Offline krypto4uvak

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #11 on: August 27, 2020, 12:52:32 PM »
I think it will easily outperform fiat currencies. Practically everything is already moving towards this. It seems to me that in 5 years this will already happen.
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Re: Do you think Bitcoin will surpass fiat money?
« Reply #12 on: August 27, 2020, 03:51:46 PM »
I think it will easily outperform fiat currencies. Practically everything is already moving towards this. It seems to me that in 5 years this will already happen.
This will not happen and after 20 years. The economy of states cannot be served by cryptocurrency, only national money. Cryptocurrency can complement fiat currencies with its new capabilities, however, it will always be near the national money of states.
« Last Edit: August 27, 2020, 04:01:22 PM by Delgado »

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #13 on: August 27, 2020, 05:55:17 PM »
Bitcoin has indeed surpassed fiat money, considering the current price of bitcoin has reached $11k.  This shows that people's interest in bitcoin is very high.
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Re: Do you think Bitcoin will surpass fiat money?
« Reply #14 on: August 28, 2020, 03:29:47 AM »
Bitcoin has indeed surpassed fiat money,
Are you sure it is already surpassed Fiat? I don't think so, buddy. I think Fiat is still leading and it is used as the main tool for payment purposes. It is hard to separate people by using Fiat because Fiat has a big role and it is effective to use in the country that has a limitation for the internet and technology. Unless Bitcoin can be used around the world, Fiat is still leading.


 

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