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Ritchie

Cryptocurrrency vs. Fiat currency

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Can cryptocurrency ever replace all currencies in all countries? And what will happen to the world if thats gonna happen

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It will not happen but cryptocurrencies are a new technology created from
As a new service independent of FIAT currencies

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THINK POSITIVE

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Perhaps this happens after many years, but currently this is impossible and the cryptocurrencies are different from fiat currencies and one of these differences is that it is not tangible

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No, not now. Flat or paper currency is still widely used by different countries and a medium for every transactions. Cryptocurrencies however needs to be adapt around the globe in order to build that idea or at least understand how ot works.

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Cryptocurrencies are generating changes in the financial system in the way that people perceive money, what many overlook is that fiat money is already digitalized since they make transfer, card payments and all those alternatives that do not involve money in physical, then it is likely that in the future it can be dispensed with at the moment there is still a long way to go.

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I think yes. People are smart and they are using that suitable for them. So obviously, in this case, cryptocurrency will win
 

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I honestly don't see that in the near future. Maybe when everything is digitized, when you have your wallet inserted in a chip, in your finger, maybe in another life.

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I became a cryptocurrency which is my first source of income and I quit working and I devote all my time to trading and investing in cryptocurrency

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Life is great and enjoy it

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9 hours ago, Ritchie said:

Can cryptocurrency ever replace all currencies in all countries? And what will happen to the world if thats gonna happen

For now it might not work, because the value of the crypto currency is still unstable and still often changes unclear. Maybe 10 or 20 years. It might just be my guess.

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This question has been asked before. You should use the search bar to find the previous answers. But in short, I don't believe that Crypto is going to replace fiat currencies. Governments won't be willing to relinquish power over their economy and controlling the money supply. Some countries may create their own centralized, digital currency, and bitcoin and other cryptos might be adopted alongside fiat as alternative payment methods, but crypto will never replace fiat.

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I do not see him as rivals, both are necessary to grow and coexist in a life where there must be freedoms, although Crypto has more freedoms.

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I don't think that is going to happen, fiat currency cannot be replaced maybe they will add cryptocurrencies as second currency but not replace it,yes digital coins are great and they gave us more features online. 

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On 11/7/2019 at 4:04 PM, Ritchie said:

Can cryptocurrency ever replace all currencies in all countries? And what will happen to the world if thats gonna happen

i think it won't because cryptocurrencies are not stable but we need stable coins to operate a nation. so absolutely there will be common currencies also.

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Bengali?

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Many possibilities will occur in the future
But for now I think it is difficult for crypto to replace the role of the fiat currency, but in the future everything is possible.

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the government will not agree with this that cryptocurrencies will replace the fiat currency. Better two should be existed the crypto and the fiat, just make fiat as a alternative payment.

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Replacing real money with Bitcoin will not happen soon and it will be a transitional version of events financially. 

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It will not replace all the currencies in the world, Cryptocurrency can be an alternative to be used other than the Fiat

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Definitely, cryptocurrency is better. you can send money anywhere in the world as long as there is internet by using just your mobile phones very convenient, and the transaction only costs a few dollars or cents.

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Cannot replace but run side by side with very strong competition.  It's like a fight and we are supporters.  That is the trading market.  No replacing but a dynamic update to cover up the other shortcomings in economic aspects.

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No brother all crountry not supported bitcoin litecoin etherium or other crpto currency.only few country support crypto currency.But day by day crypto currency growing world wide.i think after fewyears most of country accept crypto but this time you can convert crypto to any currency via online some service useage like okchanger suggest me.you can convert crypto to perfectmoney skill netteler paypal and many more onlike currency i hope all country support my incluted currency minimum one.

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I think that is impossible for now but it could happen in the future. Not all of the countries are not accepting cryptos so it is very hard to happen that crypto currencies replace the FIAT currency. That's what i think. 

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Cryptocurrency is a digital currency that are runs through network by help of internet, this us used commonly in trading, gambling etc. You used it also to payments and transactions and this have no taxes to be paid. Fiat currency is a currency that we are using today, this have an physical money that we can hold or touch and also we can used it to payments and transactions but there is a tax to be paid if you are sending money through online.

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On 11/7/2019 at 4:04 PM, Ritchie said:

Can cryptocurrency ever replace all currencies in all countries? And what will happen to the world if thats gonna happen

In this case, Bitcoins price should increase more tightly

 on the other hand, many things happen in crypto last ten years. In future, it can be happend.

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Bengali?

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In each country, now Fiat has changed not just in physical form but also in digital money.  But many people think that it can have a central effect, but I think if it does, it will not have a huge impact.

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On 11/7/2019 at 6:04 PM, Ritchie said:

Can cryptocurrency ever replace all currencies in all countries? And what will happen to the world if thats gonna happen

I don't think that will happen because crypto is illegal in many countries because they want their people to be safe. And if that will happen, it will be unsafe because of so much hackers and scammers.

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