Can cryptocurrency make real money disappear

[libert19]

No, because 1) crypto transactions are not free unlike fiat (in national sense) 2) there is no crypto adoption, i.e, you can't make purchases with crypto directly or there are very few stores accepting it 3) Crypto has scalability issues. 4) Wild price fluctuations making it unsuitable for day-to-day payments.

[Dr.Bitcoin_Strange]

Cryptocurrency can't make real money disappear because each has there function, real money has been here for a very long time and has been used by many and is a countries identity and can never be taken away, cryptocurrency is just a support to real money and is seen as an investment, the only cryptocurrency that is even accepted in some countries is Bitcoin and there's still some countries who don't accept cryptocurrency as a means of exchange and infact some countries has made the use of cryptocurrency illegal and will be arrested and prosecutor when caught using, some countries still see cryptocurrency as something that is bringing down there economy and also encouraging cybercrime,
Is not possible that cryptocurrency will replace any countries currency because cryptocurrency is very volatile and this will affect people if seen been use as a means of exchange, and I think any country that was to adopt that will select some coins and I think the only coin some countries will accept is Bitcoin because of it's growth and legacy it has kept.

The creation of cryptocurrency is not even to take the place of any countries currency is just a digital currency that will help the flat currency, for example with the use of cryptocurrency people now find it more easy to send money to other people in any country without having to spend much.
Cryptocurrency has also made some people become rich and successful.

[Legion]

Cryptocurrencies will not invalidate FIAT and may make various business activities within a country compatible with Fiat. But it needs time to be considered as real money in every country. Due to the ban on crypto currency in many countries, they are lagging behind in many things. Moreover you can earn money from crypto currency in different ways. Decentralized finance applications can get you great interest rates. Again you can get good profit by holding crypto currency during market rise.

Yes, while cryptocurrencies are not yet able to completely replace fiat, they offer an interesting alternative and can complement the traditional financial system. The process of adopting crypto as real money will take time, especially with the various regulations in many countries. However, the potential of crypto to offer high interest rates and profit from rising markets does make it worth considering.

In addition, decentralized finance applications also open up many new opportunities to manage and utilize crypto assets. With the right strategy, such as holding crypto during a bullish trend, we can see quite profitable results. It is always interesting to see how the crypto world develops and how we can make the most of it.

[Chilwell]

Yes, I agree with you! Fiat money may not disappear, but there will be a prevalence of crypto currency

I don't think cryptocurrency will replace fiat currency entirely. Both have their advantages, and it's likely beneficial for both to coexist. While it's uncertain what the future holds, Fiat and cryptocurrencies may work together  in harmony, creating a more diverse  and  resilience  system.

[Mia Chloe]

Paper money might disappear but they do have already the digital version of it  so it will still go head to head along with Bitcoin depending on transactions. I can also see that cashless society will be achieved fully in the future because of digital assets that can be used in all kinds of transactions.

It's a no if you ask me. Although it's possible, the chances of paper money disappearing is way too thin to be considered as a possibility. Cryptocurrency is more like a digital alternative to to fiat and that doesn't necessarily mean that crypto came to replace or overcome fiat. Yes the world is taking massive digital turn but total replacement is still not feasible.

To a very large extent you find out that although people still use crypto as a means of payment too, we have a greater majority that takes crypto as a form of investment rather than a currency for transactions.

[Gurujebs]

I don't think cryptocurrency will replace fiat currency entirely. Both have their advantages, and it's likely beneficial for both to coexist. While it's uncertain what the future holds, Fiat and cryptocurrencies may work together  in harmony, creating a more diverse  and  resilience  system.

Cryptocurrency can't make fiat money disappear, instead it can make other assets that are valuable becomes less interesting. Bitcoin this year was trading around $20k+ but today it's trading around $100k+, that's something you can't get from any assets that appreciate with time, crypto are just unique on their own.

However, the existence fiat money can't be threaten because of crypto, they both have their purpose and what they each serve, fiat is good for daily use because it's not volatile.

[Rruchi man]

Cryptocurrency can't make fiat money disappear...

Cryptocurrency is classified as digital currency to some, so maybe digital currencies will be what will knock off the use of physical money; it is not impossible. It seems impossible now simply because it will not be possible soonest, but in the future, even the old will have knowledge about the use of digital tech.

[DrBeer]

Let me give you a metaphor !
We all know our world, and us, as organisms breathing air - a mixture of nitrogen, oxygen, carbon dioxide and others. Can a human being breathe other air ? Theoretically yes, perhaps science can “modify” man, and make more important not nitrogen and oxygen (key elements of air, providing our life and processes in the body), but for example carbon dioxide (let's assume, although as an example, not very good for us ). Science has made such a man, and ? How will he live in a world where most people require nitrogen and oxygen as a breathing mixture ? That's right - it will be difficult for him until the environment changes - for example, the level of carbon dioxide will not increase to the level of nitrogen in the air. But by that time the rest of the world must also adapt, and switch to increased consumption of carbon dioxide, reducing the consumption of nitrogen, for example. This is how it is with cryptocurrency - as long as all suppliers of goods and services use fiat currency, cryptocurrency will not be able to replace fiat. This requires global and systemic changes

[Mia Chloe]

Cryptocurrency can't make fiat money disappear...

Cryptocurrency is classified as digital currency to some, so maybe digital currencies will be what will knock off the use of physical money; it is not impossible. It seems impossible now simply because it will not be possible soonest, but in the future, even the old will have knowledge about the use of digital tech.

Like I always say cryptocurrency wasn't actually created to replace fiat rather it was created as a more efficient and easily accessible alternative to fiat. And that simply means that it won't be replacing fiat anytime soon. The fact is People these days see crypto as more of an investment than an actual currency for transactions actually.
This is the digital era and we should definitely expect more crypto currencies being launched as well as volatility increasing greatly. Crypto has a few disadvantages too and most are tied down to risk.

[_act_]

What are the chances of living in a world with no actual money ?   
I think personally that cryptocurrencies won’t make FIAT useless, but I think that cryptocurrencies will work hand-in-hand with FIAT money. Especially in countries like the United States, and the other first-world countries; A lot of companies such as Boosteroid etc. ,  create usefull cryptocoin which are making transaction cheaper and easier.

The two can both exist, there is nothing bad about that, we have to understand that bitcoin is what the people want for now, while the other thing to consider is the fact that the fiat money may be losing value gradually till the whole world will have no need of using it any monger, this is not a battle for the survival of the fittest between bitcoin and fiat currency, but the realization of the peoples financial needs with bitcoin.

[rachael9385]

It won't make any sense besides that's the reason why some countries are against crypto currencies because they think crypto would dethrone their currencies so these countries fervently won't allow crypto to operate.
And if it happens that way it will increase the rate of poverty, poor people would suffer immensely from it.

[DrBeer]

Cryptocurrency can't make fiat money disappear...

Cryptocurrency is classified as digital currency to some, so maybe digital currencies will be what will knock off the use of physical money; it is not impossible. It seems impossible now simply because it will not be possible soonest, but in the future, even the old will have knowledge about the use of digital tech.

Like I always say cryptocurrency wasn't actually created to replace fiat rather it was created as a more efficient and easily accessible alternative to fiat. And that simply means that it won't be replacing fiat anytime soon. The fact is People these days see crypto as more of an investment than an actual currency for transactions actually.
This is the digital era and we should definitely expect more crypto currencies being launched as well as volatility increasing greatly. Crypto has a few disadvantages too and most are tied down to risk.

A very good point and clarification. Unfortunately, many people have started to consider cryptocurrencies as a “magic wand” that once and for all will get rid of their poverty and make them rich for centuries. No. Cryptocurrency, like fiat money, is just a tool. Yes, with different characteristics and properties, but it's also a tool! And yes, absolutely true - without mass use of cryptocurrencies, they are more often used as investment assets