Quote from: Domicbora on May 29, 2018, 07:32:47 AM

Quote from: Mister1k on May 21, 2018, 02:04:40 PM

Quote from: nniecan001 on May 21, 2018, 08:18:21 AM

Quote from: Mastsetad on May 21, 2018, 07:58:02 AM

Quote from: mwaqar17 on May 08, 2018, 08:49:04 PM

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

And you think that by most countries accepting Bitcoin that will make it take over everything and being used by everyone, well you think wrong. It can take over, but that will have to be in whatever that has to do with investments and of course we can use it as a payment method, though not all countries approves that. Bitcoin is making success, but I dont think it will replace the currency we are making use of.

Everything is possible folks, but I think it's too early for that. Still the local currency is more famous than anything else, special in digital currency. Tangible item is matter I think. What do you think folks?

Many traditional things has been vanished by the digital technology then why not you can see the crypto currency will be take over the fist currency. Possibly we may find the cryptos to occupy the name as national currency in some years.
I expect cryptos will replace the fiat cash usage in 2025 for sure mate.
Already Japan accepted btc as a legal currency and now Russia waiting to implement it as legal money to use there.

First people used to exchange commodities which are called barter system. Then progress was on the way and people use gold, silver for their daily needs then the advanced world stated paper currency to use them for daily expenditures. Now the age of paper currency is also come to an end and people are using digital currency in some countries. Soon it will take over the whole world.

With the advancement in technology, things are getting better and that we are now able to see much better world and that the economy of the world is also improving at a significant rate. The way all the digital currencies are performing in the international market, there are likely chances of this thing that these digital currencies will take lead over the existing paper money system and that this world will start using those coins.