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Robrey17

Will cryptocurrencies end up supplanting all national currencies?

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Hello my dear friend as far as I guess I don't think it can be closed many countries are working very soon. Crypto currency will go far ahead as compared to the rest of the currency and it will take a few more years

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Crypto currencies are getting popular day by day and no doubt in the future crypto currency will take over all the currency in the world and crypto currency will dominate. As the popularity of crypto currencies increase people are drawn towards them more and more people are buying crypto currency now a days.

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well as you can see crypto currencies is gaining ground day by day and even some governments start recognizing it,  so surely crypto currencies will take over the local currencies and that will be a great battle. 

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Personally, I think that if the world is leading to the fact that everything in the future will be digital currency I think there is still a long way to go, but I am sure that the physical currency will cease to circulate to give way to digital currency and cryptocurrencies will play a key role in this.

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Traditional currencies aren't going to lose their worth any time soon my dear. That's my opinion. Thier high liquidity and low volatility is soo difficult to achieve by cryptocurrencies...but a few digital currencies are about to hit that mark set up by traditional currencies and bitcoin ranks top in the list. There is no doubt that virtual currencies use will boost up in the near future but still, there is perhaps a long way to go to get to the level of traditional currencies. 

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Dear friend @Alina42 bitcoin is the digital currency. It is introduce by the satoishi nakamoto. 1st time its price is less than 1 dollar now you see that its price. And in future how to say that is not present. Give the response.

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I expect that in the future we will replace our local currencies with cryptocurrencies, that cryptocurrencies are the future of currencies, so I expect after 10 years the cryptocurrencies will dominate the currency market.

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Cryptocurrencies are considered a revolution in modern economics. Bitcoin is the greatest investment in human history. Cryptocurrencies have gained a wide popularity in the recent period. Many countries have their own digital currency. We are moving steadily towards the demise of paper currencies.

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On 10/11/2020 at 5:57 AM, Robrey17 said:

Cryptocurrencies: how, when and why. The world is racing towards global currencies: opinions and comments.

Dude there is always have a question about cryptocurrencies and fiat that whether they take place of each other or not I think both of them are having benefits and strength in own way so nothing can replace each other. 

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Cryptocurrency is gaining popularity day by day and almost all countries are taking advantage of cryptocurrency. In the future, cryptocurrency will be used all over the world, but cryptocurrency can never replace the national currency.

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Of course not, cryptocurrencies are a very important type of finance around the world, since they help commerce, but physical money will always exist, it will always be used because it is also important, and many countries do not accept virtual currencies.

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It is a wonderful and successful idea and step after the emergence of these cryptocurrencies, where you can work, buy and trade with confidence and ease, and it will be a successful project with confidence.

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Yes, my friend, encrypted currencies can occupy the world and be relied upon all over the world, but that takes a lot of time and work until we get that development in the future and we must work hard to make all people work on this currency and thank you

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It is expected that some countries will use cryptocurrencies, but this needs time, study and strategies for that. I think that some countries are now working on that in order to facilitate payment methods, but also I do not think so for the countries that have already made it strong.

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I don't think that code currencies will replace traditional currencies or at least not soon because they pose a threat to the global economy because they are decentralized and this will require a big change in the global financial plan and many countries have concerns about it plus they are completely unreliable in many societies so far

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I do not believe that cryptocurrencies will supplant all national currencies because each country needs its local currency to trade within it, but I am sure that BITCOIN could supplant the dollar as a global currency of payment worldwide because it is more solid, its transactions are faster and the most important thing is the low cost per transaction, which makes it very attractive for large transnational companies.

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This is expected, but not overnight. Rather, it takes 15 to 20 years at the very least. These currencies will be the future of the global economy, and no one can know if this will happen or not. All remain expectations.

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It is my belief that the cryptocurrency market will flourish, generalize and become significant

But that takes time

There are countries that I expect to work on cryptocurrencies

So the potential for currencies to flourish

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Obviously, if we consider the rate at which cryptocurrency are spreading in the whole world, we can conclude that cryptocurrency will take over all  national currencies but from my own understanding it will be very difficult because must of the cryptocurrency are not regulated.

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Hi

It is so wonderful that something like this happens
Digital currencies are the most modern method of our time, so why do not all countries use them as a single currency for everyone, I know that it is difficult to implement the order, but I hope that nothing is impossible in our world, and cryptocurrencies deserve to be at the top.

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Cryptocurrencies have become known to most people, but they do not know its importance or benefits, such as Bitcoin
I expect that it will become more widely publicized in the future

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Hello my friend , maybe some currencies in the world the weak ones will end up by crypto currencies , and some might be stronger , cause if you linked your national currency with BTC for example , that's will gives the national currency high value even if it was weak one

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Yes, my friend, surely everyone in encryption and those who work with it expect cryptocurrencies to reach peaks and national currencies are replaced very soon so they are very cool. 

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It is very true that the whole world is changing and all this is due to the cryptocurrencies that have developed greatly in the market, but to supplant the physical currencies there is enough, it cannot be removed overnight because it is already part of the world organizations that govern the countries, it is a very old monetary system, but I do not close myself to the idea that cryptocurrencies can replace fiat currencies in the future, because as we are in technology, it could be years for that.

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