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Author Topic: Do you think Bitcoin will surpass fiat money?  (Read 27002 times)

Offline densus88

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #15 on: August 28, 2020, 05:05:24 AM »
what do you think guys? :)

I think It is possible. Bitcoin is the future technology, I don't think the future technology will be refused by country.
They will accept this technology at the coming future.
So, I believe bitcoin and other coin will surpass fiat money at the future.
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Re: Do you think Bitcoin will surpass fiat money?
« Reply #15 on: August 28, 2020, 05:05:24 AM »

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Offline Doctor

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #16 on: August 28, 2020, 09:36:19 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.

Yes, I think It is true. Many governments against the cryptocurrencies and some countries are trying making own digital currency. Bitcoin also was blocked at several countries. So, It is really difficult for bitcoin to surpass fiat money.

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Offline Astra

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #17 on: August 28, 2020, 08:38:11 PM »
Bitcoin and other decentralized cryptocurrencies cannot outperform fiat. Bitcoin can exist along with the usual currency of states, without it it will not work normally. And it is hardly appropriate to compare fiat and bitcoin with each other.

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Offline vegasus

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #18 on: August 28, 2020, 11:30:39 PM »
What do you mean of BTC surpassing fiat? In its utility?
I believe that BTC someday will become one of the global currency to be used easily by many more people globally. But to replace fiat or surpass it, it will be not easy because it relates to the people's needs, government regulation, and also different cultures in each country.

Offline ayatoslaw

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #19 on: August 29, 2020, 02:12:26 AM »
Bitcoin and other decentralized cryptocurrencies cannot outperform fiat. Bitcoin can exist along with the usual currency of states, without it it will not work normally. And it is hardly appropriate to compare fiat and bitcoin with each other.
Bitcoin and fiat are not to beat each other, but to complement each other's shortcomings, fiat is needed by people who do not really understand technology, and crypto is also needed to reduce costs when making transactions abroad,
if fiat and crypto can be accepted by all countries around the world, then this will make it easier for all aspects of the world economy.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #20 on: August 29, 2020, 06:27:20 AM »
I agree with you that the country's economy needs both things to enhance bitcoin can't be compared to fiat because there's tons of relationship between the 2 at work but i feel the demand for crypto is above fiat. Cryptocurrencies are decentralized in nature then there's no government intervention it's a cryptocurrency system supported blockchain technology that identifies secure payments for online transactions as virtual tokens automatically pointing to inherent entries within the system.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #21 on: August 29, 2020, 07:05:47 AM »
I don't think so, we can see in some countries bitcoin is considered an illegal means of payment and many countries prohibit bitcoin as a means of payment, so it's very difficult if bitcoin beats fiat money.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #21 on: August 29, 2020, 07:05:47 AM »


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Re: Do you think Bitcoin will surpass fiat money?
« Reply #22 on: August 29, 2020, 10:48:03 AM »
I think that in the future, Bitcoin will be the most demanded and most popular currency around the world, but for this, of course, it is necessary that, first, all countries of the world would make Bitcoin an official currency and governments must recognize Bitcoin as legalized.
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Re: Do you think Bitcoin will surpass fiat money?
« Reply #23 on: August 29, 2020, 04:58:32 PM »
Day by day btc popularity increasing rapidly. In this era people prefer to transect crypto currency. It is more easier and reliable. On the other hand Fiat money is a currency  established as money, often by government regulation. So if btc surpass fiat money then govt. will not accept that. Then they will stand against btc. More over in the world most of the country not accept crypto currency. But good news is that many countries are trying to implement crypto currency.   

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #24 on: August 30, 2020, 04:14:46 AM »
I don't think so, we can see in some countries bitcoin is considered an illegal means of payment and many countries prohibit bitcoin as a means of payment, so it's very difficult if bitcoin beats fiat money.
as I said above, bitcoin is not to beat Fiat,
Countries that accept or ban bitcoin have good reasons, but that will not stop bitcoin from developing, if the future development of bitcoin is far from what we imagine today, I am sure countries that do not accept bitcoin will eventually accept it.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #25 on: August 30, 2020, 04:36:59 AM »
Bitcoin will not surpass or seperate fiat money from our daily life. Fiat money is a part of our life where virtual currency like Bitcoin is not a part and will not a compulsory part of our lives. Rather, Bitcoin will work as an assistant of Fiat money in the future. For its nature, no govt will legalize it fully.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #26 on: August 30, 2020, 06:24:45 AM »
it's impossible to surpass fiat or replace it by crypto technology. banks can use bank note and other form of acceptable money to economy. it does not need by now BTC or any coins currency. I think crypto currency should compliment FIAT in any ways but not to replace it. FIAT is known many years ago and it's widely used and acceptable in all countries in the world.
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Re: Do you think Bitcoin will surpass fiat money?
« Reply #27 on: August 30, 2020, 07:23:00 AM »
In my opinion, this may happen within the next 5 years. Because Bitcoin is the coin that many are interested in. Even big investors and rich people.
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Re: Do you think Bitcoin will surpass fiat money?
« Reply #28 on: August 30, 2020, 06:32:16 PM »
we cant know what happen in next future but till now fiat money always need to use our daily life. online currency give us financial support but end of the day we need to carry with fiat money. but technology updated too fast & we will be see bitcoin surpass in near future.
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Re: Do you think Bitcoin will surpass fiat money?
« Reply #29 on: August 30, 2020, 09:20:43 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.

Lol!  In terms of equivalent it way long surpassed USD.  but in terms of adoption, usability, I believe Bitcoin will never surpass fiat money.  The main reason is that the government are keeping Bitcoin in place.  Aside from that, Bitcoin is not yet ready for mass adoption.  It still needs a lot of upgrades and testing.  In digital world we need fast pace confirmation and Bitcoin somehow fail on that.

 

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