Post
Topic
Board Economics
Re: Bitcoin can not replace fiat
by
grobura
on 19/04/2017, 16:25:34 UTC
I think its safe to say that bitcoin will never replace fiat in our lifetime. The currencies are matter of faith, and for the moment bitcoin will remain a side player. Will it continue rising in popularity? I think yes. To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

Yeah bitcoin will become more popular in future but people will prefer to use it as a secondary currency and will use it only for online purposes and to buy anything offline they will choose to use fiat as fiat is widely used and accepted in compare to bitcoins.

Bitcoin will not replace fiat but after knowing bitcoins people will reduce the usage of fiat for sure as even now people prefer to shop using credit cards so once they are aware about bitcoins they will surely switch to bitcoins for making payments.

Yes, I also think that this will happen. Bitcoin will remain an alternative currency. And according to popularity, it will yield a little to the Fiat. And if bitcoin becomes more popular, soon many shops will take it
There is no overnight success for bitcoin, we have to wait for the right time in order to see a good price and that will happen
if you will hold on. The development is very fast for bitcoin and i see a good future on it, so if you want to invest, start it now.

Bitcoin can replace Fiat, but it will not happen very quickly. You are right, it takes time. And I still hope that bitcoin will stand all the tests and become very popular in the future