Post
Topic
Board Economics
Re: Bitcoin replaces the money? Could happen?
by
BeGoods
on 24/10/2016, 23:37:27 UTC
I think bitcoin is a money too so? how bitcoin replaces money hmm?? it's still a money :3
Haha yea right bitcoin is a money itslelf.It is a currency and has a value in market and can be used to buy many things online so bitcoin being itself money and there are many forms of money as fiat currency paper money and i think any form of money cannot replace each other.

Bitcoin couldnt really replace  fiat money  anytime soon  since  bitcoin is  only  good  on  online transaction  or on other  physical  purchases which uses  a  physical bitcoin but still people would prefer to  use  up paper currency  hence this is  being used  for how many years    by  people all  over the world and  as we all now that bitcoins adoption is not really  there   to consider this things.

Yes you are right, both on the use bitcoin online. But in fact the use of bitcoin is still losing money. More money is needed in real use. It may be true that bitcoin can not replace the money. Bitcoin will grow in the online and the extent of crypto.
although bitcoin continues to evolve and become more famous and popular I think bitcoin will not be able to change the system of money in this world, everyone in the world will certainly continue to use fiat currency as their main currency, as instructed by the government, because it is the most secure I think