The impact of crypto on our lives

[EluguHcman]

How are your emotions and mood in this crypto market? Do you expect crypto to be an opportunity to change your life? Or do you look forward to more practical benefits of blockchain technology for the world?

As a Bitcoiner, I can see potentials with Bitcoin and of course it has been part of my life since 2016 or earlier than that when I first came into it. Crypto offers a lot of opportunity to  me ever since I was in this industry. Well, as technological advancement rolls into a much more futuristic approach benefits are on it's path ready be embraced by us enthusiasts and the world that care about it.

Crypto currencies has variety factors that it has also influenced my life in real-time assets holding, economical bargains, financial management and also diversification of incomes.

While I have embraced this digital financial system, I have been so obliged to had made new phases to reconcile with the fear that my future is uncertain. And while I am holding my Bitcoin assets earnestly, It also has a play along to a promising greener pastures.

Considering Crypto technology advancement, of course that is certainly expected in other to sustain and bring more to enthusiasts satisfactory.

[Dr.Bitcoin_Strange]

The main thing is that when bitcoin completely replaces fiat, many intermediaries who change yuitcoin to fiat and vice versa will disappear. Fiat will simply disappear, with its endless emission and constant monitoring by banks and states. Unfortunately, such a pleasant future is still far away, even if several states have accepted the legalization of bitcoin. It seems to me that we have to wait for decades before this joyful moment.

I am a BTC supporter but I am really confused when predicting a future without fiat where everyone only uses BTC as the official means of payment through the Lightning Network. If this happens, people will learn to price everything in satoshi, and governments will no longer be able to print money to manage and operate the economy.

I think of another scenario: BTC will become a global reserve asset, or a peg for fiat. This means that fiat will still exist but will be limited by the BTC reserves of countries. At that time, maybe 1 BTC could have reached $1M or even higher.

As I think, FIAT will always be there in the future, crypto is just a support. We are fellow bitcoin supporters but there is nothing that makes us confident, that bitcoin will replace FIAT in the future.
Maybe we will see the popularity of crypto will be bigger and better in the future, but I don't think crypto will ever replace FIAT.

I agree with you, Bitcoin can never replace fiat, indeed Bitcoin has better components and far better than fiat in so many ways but fiat has its own purposes which it serves effectively. then again, even before the emergence of Bitcoin, fiat has been in existence and it will continue to be, even of it were to be possible that Bitcoin would become more popular than fiat, it'll take so many years before that wipl happen.

Even El Salvador that has adopted Bitcoin as legal tender and medium of exchange still actively makes use of fiat. If it's said that Bitcoin will become more popular than Fiat or will be adopted by many, it'll make more sense but saying that bitcoin will completely replace fiat, that I wouldn't agree with.

[yohananaomi]

How are your emotions and mood in this crypto market? Do you expect crypto to be an opportunity to change your life? Or do you look forward to more practical benefits of blockchain technology for the world?

As a Bitcoiner, I can see potentials with Bitcoin and of course it has been part of my life since 2016 or earlier than that when I first came into it. Crypto offers a lot of opportunity to  me ever since I was in this industry. Well, as technological advancement rolls into a much more futuristic approach benefits are on it's path ready be embraced by us enthusiasts and the world that care about it.

Crypto currencies has variety factors that it has also influenced my life in real-time assets holding, economical bargains, financial management and also diversification of incomes.

While I have embraced this digital financial system, I have been so obliged to had made new phases to reconcile with the fear that my future is uncertain. And while I am holding my Bitcoin assets earnestly, It also has a play along to a promising greener pastures.

Considering Crypto technology advancement, of course that is certainly expected in other to sustain and bring more to enthusiasts satisfactory.

Be happy if you have used crypto in your life, because you can accept it, and it is possible that in your area there are no restrictions, so you can freely use it well.
By having received crypto, it means that you have given confidence in everything you do to always be connected to crypto. This is certainly very good, because this convenience is very helpful for what you do.
Everyone will definitely agree with you, that technological advances will certainly favorably adopt the use of crypto and will continue to survive as long as there are still people who need it.

[Jamal Aezaz]

The main thing is that when bitcoin completely replaces fiat, many intermediaries who change yuitcoin to fiat and vice versa will disappear. Fiat will simply disappear, with its endless emission and constant monitoring by banks and states. Unfortunately, such a pleasant future is still far away, even if several states have accepted the legalization of bitcoin. It seems to me that we have to wait for decades before this joyful moment.

Bitcoin success is undoubted and everyone knows that it's future will be more amazing than today but this is also a fact that people cannot leave to use fiat currency and many countries have not given permissions to use Bitcoin therefore using just Bitcoin for purchasing materials and replacing fiat does not seems to be possible in near future.

Success of bitcoin will remain the same even it increases in value as time goes but fiat has its own place and is acceptable by each and every individual and is used in our daily life so for more success we can accept Bitcoin but we cannot leave fiat.

[yohananaomi]

The main thing is that when bitcoin completely replaces fiat, many intermediaries who change yuitcoin to fiat and vice versa will disappear. Fiat will simply disappear, with its endless emission and constant monitoring by banks and states. Unfortunately, such a pleasant future is still far away, even if several states have accepted the legalization of bitcoin. It seems to me that we have to wait for decades before this joyful moment.

Bitcoin success is undoubted and everyone knows that it's future will be more amazing than today but this is also a fact that people cannot leave to use fiat currency and many countries have not given permissions to use Bitcoin therefore using just Bitcoin for purchasing materials and replacing fiat does not seems to be possible in near future.

Success of bitcoin will remain the same even it increases in value as time goes but fiat has its own place and is acceptable by each and every individual and is used in our daily life so for more success we can accept Bitcoin but we cannot leave fiat.

I totally agree that whatever achievements Bitcoin has made, there is no doubt that many investors are interested in investing their funds there, so that the future also looks good. But the fact is that there are still many countries that cannot accept bitcoin as a legal means of payment and still use fiat, so of course it will take time for this transition.
It seems that Bitcoin will continue to be a companion to fiat and not be able to replace it, because fiat is still really needed in several countries that are still very traditional and fiat is still needed for transactions there.

[Mr. Magkaisa]

How are your emotions and mood in this crypto market? Do you expect crypto to be an opportunity to change your life? Or do you look forward to more practical benefits of blockchain technology for the world?

As a Bitcoiner, I can see potentials with Bitcoin and of course it has been part of my life since 2016 or earlier than that when I first came into it. Crypto offers a lot of opportunity to  me ever since I was in this industry. Well, as technological advancement rolls into a much more futuristic approach benefits are on it's path ready be embraced by us enthusiasts and the world that care about it.

I have been with crypto since 2017 especially with bitcoin and have sold many bitcoins so far.  When the price of Bitcoin was low, I thought it was a good future, but I never held them with confidence. But now when I remember them, I feel very regretful and emotional. Bitcoin has already gained a lot of value now.  So now it is impossible for us to buy whole 1 bitcoin. Bitcoin will play a major role as a payment method in the future when paper money is completely gone from the world. then we will regret it even more

           -   At that time of 2017, I was already hearing about bitcoin, so I didn't pay attention. I only paid attention to it about 2 years ago because I had a friend who I heard was already making money from cryptocurrency. Then, when I said hello to him, he told me that cryptocurrency is not easy to learn.

And apart from what he said, I also remembered that he mentioned that it can really help with my financial problems if I delve deeper into cryptocurrency. And that's when my curiosity started to learn and study it, and it's true what he said: it's not really easy to understand, but if you persevere, even if it's slow, for sure we will gradually know how to get the right profit here.

[summonerrk]

The main thing is that when bitcoin completely replaces fiat, many intermediaries who change yuitcoin to fiat and vice versa will disappear. Fiat will simply disappear, with its endless emission and constant monitoring by banks and states. Unfortunately, such a pleasant future is still far away, even if several states have accepted the legalization of bitcoin. It seems to me that we have to wait for decades before this joyful moment.

Bitcoin success is undoubted and everyone knows that it's future will be more amazing than today but this is also a fact that people cannot leave to use fiat currency and many countries have not given permissions to use Bitcoin therefore using just Bitcoin for purchasing materials and replacing fiat does not seems to be possible in near future.

Success of bitcoin will remain the same even it increases in value as time goes but fiat has its own place and is acceptable by each and every individual and is used in our daily life so for more success we can accept Bitcoin but we cannot leave fiat.

I totally agree that whatever achievements Bitcoin has made, there is no doubt that many investors are interested in investing their funds there, so that the future also looks good. But the fact is that there are still many countries that cannot accept bitcoin as a legal means of payment and still use fiat, so of course it will take time for this transition.
It seems that Bitcoin will continue to be a companion to fiat and not be able to replace it, because fiat is still really needed in several countries that are still very traditional and fiat is still needed for transactions there.

This is probably due to the fact that cryptocurrencies in the eyes of the state are most often associated with criminal activity. And often criminals easily hire IT specialists who know how to conduct anonymous transactions. At the same time, the police do not have free resources and specialists to resist transactions for illegal actions. That's why states ban bitcoin. In fact, because they themselves are powerless, and not because bitcoin is something bad.

[|MINER|]

This is probably due to the fact that cryptocurrencies in the eyes of the state are most often associated with criminal activity. And often criminals easily hire IT specialists who know how to conduct anonymous transactions. At the same time, the police do not have free resources and specialists to resist transactions for illegal actions. That's why states ban bitcoin. In fact, because they themselves are powerless, and not because bitcoin is something bad.

Different effects of crypto currency are observed in people's life. Some people enter this world and get closely involved with it. Some people are still afraid of losing everything when they see crypto currency. Some people face losses and turn away from crypto currency. Some people see them about crypto currency.  They are condemning without knowing.
But those who have invested in their house, land, they have not done a good job at all. One should not be too emotional about anything. In every case, action should be taken with discretion.  Over enthusiasm about anything is not good.

[dekafee79]

This is probably due to the fact that cryptocurrencies in the eyes of the state are most often associated with criminal activity. And often criminals easily hire IT specialists who know how to conduct anonymous transactions. At the same time, the police do not have free resources and specialists to resist transactions for illegal actions. That's why states ban bitcoin. In fact, because they themselves are powerless, and not because bitcoin is something bad.

Different effects of crypto currency are observed in people's life. Some people enter this world and get closely involved with it. Some people are still afraid of losing everything when they see crypto currency. Some people face losses and turn away from crypto currency. Some people see them about crypto currency.  They are condemning without knowing.
But those who have invested in their house, land, they have not done a good job at all. One should not be too emotional about anything. In every case, action should be taken with discretion.  Over enthusiasm about anything is not good.

Many people have entered the world of crypto and are enjoying the results, and there are those who are still afraid and worried about investing in crypto. For those who first get to know crypto and invest there, they are luckier than those who are still afraid to invest in crypto. It is natural that there are still people who don't believe in crypto and are afraid to invest there because of their lack of knowledge about crypto.

[Jamal Aezaz]

I totally agree that whatever achievements Bitcoin has made, there is no doubt that many investors are interested in investing their funds there, so that the future also looks good. But the fact is that there are still many countries that cannot accept bitcoin as a legal means of payment and still use fiat, so of course it will take time for this transition.
It seems that Bitcoin will continue to be a companion to fiat and not be able to replace it, because fiat is still really needed in several countries that are still very traditional and fiat is still needed for transactions there.

Some countries have not accepted Bitcoin yet but I think that will not stop to use fiat currency even after acceptance of Bitcoin because fiat value cannot be neglected and it is used openly throughout the world. The future of Bitcoin will be more shining because history shows that coming days are more profitable than previous days therefore those who can afford should not avoid investment in Bitcoin.

Fiat is used for purchasing materials while the main purpose of Bitcoin in today's era is just investment and enhancing the value of money so if in future Bitcoin becomes legal all over the world then we don't think that due to its adoption the use of fiat will become hidden.

[yohananaomi]

I totally agree that whatever achievements Bitcoin has made, there is no doubt that many investors are interested in investing their funds there, so that the future also looks good. But the fact is that there are still many countries that cannot accept bitcoin as a legal means of payment and still use fiat, so of course it will take time for this transition.
It seems that Bitcoin will continue to be a companion to fiat and not be able to replace it, because fiat is still really needed in several countries that are still very traditional and fiat is still needed for transactions there.

Some countries have not accepted Bitcoin yet but I think that will not stop to use fiat currency even after acceptance of Bitcoin because fiat value cannot be neglected and it is used openly throughout the world. The future of Bitcoin will be more shining because history shows that coming days are more profitable than previous days therefore those who can afford should not avoid investment in Bitcoin.

Fiat is used for purchasing materials while the main purpose of Bitcoin in today's era is just investment and enhancing the value of money so if in future Bitcoin becomes legal all over the world then we don't think that due to its adoption the use of fiat will become hidden.

It is not easy to accept Bitcoin as a legal means of payment, but not many countries allow it as a trading tool and this is, of course, because there must be regulations in place.
Agree, that fiat will not be possible to exchange with the existence of bitcoin. In fact, bitcoin will be used as a complement to fiat itself.
It is always possible that bitcoin will be accepted throughout the world, but who knows when. It is still quite a long way off, but it does seem like bitcoin is like an investment just like shares in general and fiat will become a means of payment that replaces bitcoin.

[dekafee79]

I totally agree that whatever achievements Bitcoin has made, there is no doubt that many investors are interested in investing their funds there, so that the future also looks good. But the fact is that there are still many countries that cannot accept bitcoin as a legal means of payment and still use fiat, so of course it will take time for this transition.
It seems that Bitcoin will continue to be a companion to fiat and not be able to replace it, because fiat is still really needed in several countries that are still very traditional and fiat is still needed for transactions there.

Some countries have not accepted Bitcoin yet but I think that will not stop to use fiat currency even after acceptance of Bitcoin because fiat value cannot be neglected and it is used openly throughout the world. The future of Bitcoin will be more shining because history shows that coming days are more profitable than previous days therefore those who can afford should not avoid investment in Bitcoin.

Fiat is used for purchasing materials while the main purpose of Bitcoin in today's era is just investment and enhancing the value of money so if in future Bitcoin becomes legal all over the world then we don't think that due to its adoption the use of fiat will become hidden.

Actually, the government doesn't need to worry that FIAT will be replaced by bitcoin, because that will take decades more. because not many people understand bitcoin. Bitcoin is the technology of the future, so at least by accepting bitcoin in a country we are preparing for the coming crypto era.

[yohananaomi]

I totally agree that whatever achievements Bitcoin has made, there is no doubt that many investors are interested in investing their funds there, so that the future also looks good. But the fact is that there are still many countries that cannot accept bitcoin as a legal means of payment and still use fiat, so of course it will take time for this transition.
It seems that Bitcoin will continue to be a companion to fiat and not be able to replace it, because fiat is still really needed in several countries that are still very traditional and fiat is still needed for transactions there.

Some countries have not accepted Bitcoin yet but I think that will not stop to use fiat currency even after acceptance of Bitcoin because fiat value cannot be neglected and it is used openly throughout the world. The future of Bitcoin will be more shining because history shows that coming days are more profitable than previous days therefore those who can afford should not avoid investment in Bitcoin.

Fiat is used for purchasing materials while the main purpose of Bitcoin in today's era is just investment and enhancing the value of money so if in future Bitcoin becomes legal all over the world then we don't think that due to its adoption the use of fiat will become hidden.

Actually, the government doesn't need to worry that FIAT will be replaced by bitcoin, because that will take decades more. because not many people understand bitcoin. Bitcoin is the technology of the future, so at least by accepting bitcoin in a country we are preparing for the coming crypto era.

There are no worries from the government about Bitcoin replacing fiat. There are those who don't have a problem with it. There are those that can accept it as legal tender, but we also know that there are still many countries that cannot accept it as legal tender and are only treated for investment and trade, but if you want to use it, it must be replaced with fiat.
But I'm not sure bitcoin will be able to replace fiat as a whole, because many people are still used to using fiat in several countries.

[MrSpasybo]

There are no worries from the government about Bitcoin replacing fiat. There are those who don't have a problem with it. There are those that can accept it as legal tender, but we also know that there are still many countries that cannot accept it as legal tender and are only treated for investment and trade, but if you want to use it, it must be replaced with fiat.
But I'm not sure bitcoin will be able to replace fiat as a whole, because many people are still used to using fiat in several countries.

Perhaps because we are in the crypto market and follow crypto news every day, we have the feeling that crypto is really popular and widely accepted. However, the truth is that many people are still interested in other financial markets, other asset classes, and other areas such as science, politics, real estate...

BTC and crypto have taken a big step forward thanks to Spot ETFs and large-scale experiments, but they still need a lot of time to develop and assert their role in the economy, until they are accepted by investors as an important market similar to stocks and commodities. Until then, we can temporarily put aside the question of whether BTC can really replace fiat.

[alltalk]

Actually, the government doesn't need to worry that FIAT will be replaced by bitcoin, because that will take decades more. because not many people understand bitcoin. Bitcoin is the technology of the future, so at least by accepting bitcoin in a country we are preparing for the coming crypto era.

You're right. Bitcoin won't replace fiats, Bitcoin only complete the financial system in the world. When we have Bitcoin as the payment tool, we have another option that may ease our transaction on buying for goods and services. We also can transfer money easier without the need of the third parties. However, if people still want to use fiats in their life, they still can do it. I'm sure the government doesn't want to remove their fiats from the financial system. It is simply a bit impossible removing fiats because the government can control the financial system with their fiats.