Thread: 
Will bitcoin ever replace fiat currency?
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#1
Will bitcoin ever replace fiat currency?
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#2
No, it won't happen. Flat currency is the money that every government guarantees as legal tender. It is widely used as an exchange for goods and services.
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#3
Bitcoin cannot replace Flat currency. All countries won't allow it, because it is risky to use Bitcoin. We can lose everything in a second if our account is compromised.Originally Posted by Mr. Cid
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#4
I don't think Bitcoin will ever have a chance to replace flat currency nor the banknotes. The government won't function without it.
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#5
Exactly. No man in this world would allow Bitcoin to replace the flat currency. Anyone can manipulate Bitcoin, and it will compromise someone's wealth.
Last edited by Newbie_trader; 07-31-2019 at 04:11 AM.
#6
And I think Bitcoin is a bit too much to be handled by everyone. It could co-exist with fiat currency but I don't think it will ever be able to replace it.
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Sendo12 (08-08-2019)
#7
It won't replace the flat currency, but it can be popular in the online community.
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#8
If cryptocurrency in general will take over fiat currency in terms of the mass of usage, then it is possible. But for that to happen, the digital coin will need to work on a lot of things first.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#9
I will definitely look forward to that day when cryptocurrency starts to take over fiat. Although realistically speaking, I might actually be gone before this happens.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Unregistered (2 )
#10
Bitcoin might not be able to replace fiat currencies been that it is not issued by any country or continent. There might be currencies issued in the future to be backed by bitcoin just like gold, but not totally replacement.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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