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Jalil Baloch

Can crypto replace other currencies?

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Cryptocurrency can not remove  national existing currency because those fiat currencies represents a each countries and in my opinion I think cryptocurrency will just work along with fiat as counterparts.

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Are you serious buddy that crypto market replace fiat currencies market this is not gonna happen because fiat currencies are more important and precious because we used everywhere to fiat currencies and crypto currencies market used only limited and few billion capitalization of it. 

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It is impossible for the encryption to remove the understanding of the paper currency and its price, I do not think that the deal will become using the encryption of the paper currency is the basis and no one will ever be able to exchange it.

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32 minutes ago, kusvuw10 said:

Bitcoin is the best way for people to make money and it is suitable for business. about usage I think cryptocurrencies cannot replace fiat currencies. because it is so volatile and difficult to use

Both of them can be same, but there is really more differences between them. l mean BTC is really the best way for all making money. But it doesn't mean that it can replace fiat currencies. 

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Cryptocurrency can't replace any other currencies,this cryptocurrency is just digital and it will be accepted in only digital aspect, what I mean all transactions will be shift to digitally but the use of other currencies will still remains the same

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It's not what you think but maybe cryptocurrency will be part of our currency because we all know it the use of it is spreading in the whole wide earth and eventually it will become use by all countries. So it will not replace other currency but it will become part of our currency. And the all other currencies all over the world.

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On 1/6/2020 at 5:34 AM, Jalil Baloch said:

I want to know whether it will remove all other existing currencies in the world or not in upcoming few years? Or it will not happen at all? 

No that will never happen. The reason for that is crypto currencies transactions are untraceable and the governments don't trust these currencies because of that reason.

 

Edited by Cammer

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15 hours ago, MarsDota2 said:

I dont think so since crypto doesn't pay high taxes but it is good thing too because we don't need to print are creat a physical appearance of money.

I prefer crypto like this, while maintaining its anonymity and still not issuing physical form. because crypto is only an alternative for users to invest.

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Crypto can never replace currencies because in our daily life we frequently uses currencies and we can't use crypto-currency in all sector because it is an Internet base investment   

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I think that no, the cryptocurrency will not be able to replace the rest of the coins since not all parts of the world still have the Internet.

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6 hours ago, ComeBackIsrael said:

I think that no, the cryptocurrency will not be able to replace the rest of the coins since not all parts of the world still have the Internet.

We are not talking about internet, how will it be possible for cryptocurrency to overtake fiat currency? This can't be possible for now, cryptocurrency is still developing and it has a long way to go for now

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This is not possible for cryptocurrencies to replace other currencies such as the dollar because cryptocurrencies are decentralized and uncontrollable and for this this is not possible


 

Life is great and enjoy it

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Cypto currency is not that replaceable because all over the world, many people are depending on it and always using it in different transactions.

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At first you have to know that Crypto currency and fiat currency are completely different in all the aspects. There may be adoption of Crypto in the payment system in many countries but i don't think ut will replace fiat or the local currency of place.


NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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It is very difficult for encryption to take the place of paper currencies, but it will have great importance in the future and many countries will start to rely on it and it will be a great wealth and will have a very high price

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This may not happen at all, or it may need at least 50 years, but I believe it is not possible to give away fiat currencies against cryptocurrencies because cryptocurrencies are valued against fiat currencies.

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Time is developing very quickly and we cannot guess if trading in current currencies will be extinct
I think that it is possible for them to reduce their dealings dramatically, and most places will accept dealing in cryptocurrencies 

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Well actually cryptocurrencies can't replace other currencies , why because it's a different currency and has its own function and can't be controlled by any government, while other currencies has thier own Currency and can be controlled.


 

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If you were excited about the coins, I think that it is not possible for that to happen. It takes some years for that to happen, because now all the misfortune depends on the value of its currency. Or, if you were careful about digital currencies that are no longer important in the market, you can delete them from the owner. I really don't know about the issue. I hope I helped you with something


Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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It is a very valid possibility taking into account the instinct of survival, of the human, when the paper money ends the digital currency comes as the case of Venezuela so if it is very possible.

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It is far away to be happen. Crypto will overcome all other digital currencies but it is very difficult to beat local currency. But it also take too much time. 

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l don't think that crypto can replace other currencies, it is so hard to say that. But in my opinion this world will really influence to other currencies, as right now. For this to happen every government, every person should accept and absolutely know what is BTC. 

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I think that no, perhaps it can become a single currency in conjunction with Fiat, but it can not become the only currency that will be used. 

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34 minutes ago, Nurjahan said:

I think  There's good opinion about this question, crypto can be use for alternative but not as primary.😍

Crypto is currently only used as an investment.

I don't think that can happen crypto cannot exchange another currency but still will continue to maitan it own position

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1 hour ago, Nurjahan said:

I think  There's good opinion about this question, crypto can be use for alternative but not as primary.😍

Crypto is currently only used as an investment.

I don't think that can happen crypto cannot exchange another currency but still will continue to maitan it own position

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Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Почему цена биткоина столь волатильна и наступит ли стабильность?   Биткоин по-прежнему поражает своими непредсказуемыми изменениями цены. В момент своего создания его стоимость равнялась нескольким центам, а в марте этого года он достиг рекордного максимума на отметке почти $74 000. Этот долгий путь был отмечен крайней волатильностью, а иногда его колебания превышали 80%. Понимание нестабильной природы биткоина имеет решающее значение для успеха инвесторов и аналитиков, поскольку помогает составить представление о будущем криптовалют. Волатильность биткоина обусловлена множеством факторов, которые заключаются в характеристиках очень молодой цифровой валюты. В отличие от традиционных активов, имеющих многовековую историю, биткоин и рынок криптовалют в целом не имеют устоявшейся динамики рынка. В настоящее время из-за манипуляций его стоимость регулярно переоценивается рынком, что приводит к большим колебаниям цен в ответ на новую информацию и события. Одним из фундаментальных факторов, влияющих на волатильность BTC, является лимитированность его предложения в 21 миллион монет. Усиливающийся дефицит монет усиливает колебания цен, особенно на фоне растущего спроса со стороны розничных и институциональных инвесторов. Кроме того, влияние крупных инвесторов, которых обычно называют криптокитами, ещё больше усугубляет волатильность цен. Их значительные активы позволяют им влиять на динамику рынка с помощью крупных ордеров на покупку или продажу, что также приводит к резким изменениям цен. И здесь следует упомянуть относительную незрелость инфраструктуры рынка криптовалют и проблемы с ликвидностью, поэтому любые крупные сделки, безусловно, влияют на рыночные цены. Недостаток ликвидности может усилить колебания цен, поскольку инвесторы маневрируют, открывая позиции и выходя из них. Считалось, что появление деривативов, связанных с биткоином в виде спотовых ETF, и развитие рыночной инфраструктуры могут сделать торговый процесс более стабильным. Пока же мы наблюдаем резкие скачки из-за крупных притоков и оттоков средств. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2410618
    • April Results: A British Pound Trade Nets NordFX Client Over $25,000 in Profit     Brokerage firm NordFX has summarized the trading performance of its clients for April 2024. The efficacy of social trading services, PAMM and CopyTrading, as well as the earnings of the company’s IB-partners were also evaluated.   - This month’s highest profit was earned by a client from South Asia, account number 1765XXX, who made $26,757 from trading the GBP/USD pair. - The second place in the TOP-3 was taken by their compatriot, account number 1751XXX, with earnings of $16,976 from gold trades (XAU/USD). - The third step of the April podium was claimed by a trader from East Asia, account number 1609XXX, who traded not physical but digital “gold”: bitcoin. It was the BTC/USD pair transactions that enabled them to profit by $14,301.   The passive investment services at NordFX showed the following trends:   - In the PAMM service, we continue to monitor the account named Kikos2. Opened on November 18 last year, now after 162 days of operation, it shows a fantastic profit of 1161%. While this result is impressive, the aggressive trading strategy has also led to a substantial drawdown of 58%. Unrelenting statistics demonstrate that even more conservative trading can lead to a complete loss of funds. Therefore, investors must always exercise utmost caution and only risk the money whose loss will not disrupt their normal life. We will continue to monitor and see what happens with this account in May.    - In CopyTrading, we have previously highlighted the signal yahmat-forex, which has shown a return of 415% over 312 days with a maximum drawdown of 37%. Another interesting signal called NordFXSrilanka has made a profit of 39% in 113 days, specifically since January 6, 2024. While not as impressive as yahmat-forex, its notable advantage is a very small drawdown: just about 9%.   Among the IB-partners of NordFX, the TOP-3 are as follows: - The largest commission reward of $22,732 was credited to a partner from Western Asia, account number 1645XXX. - The next is a partner from South Asia, account number 1682XXX, who received $5,224. - Finally, rounding out the top three is their compatriot, account number 1565XXX, who was rewarded with $3,614.   ***   As we conclude this month, it is important to note that NordFX clients now have yet another excellent opportunity to enhance their financial portfolio. In the 2024 super lottery, 202+4 cash prizes totaling $100,000 will be awarded. Participating in the lottery and securing a chance to win one or even several of these prizes is quite simple. For more details, visit the NordFX website. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Со временем которое осталось, да скорее все так и может быть, но лучше будет постараться дойти до 6-го уровня, то есть довести дело до конца, а после и расслабиться. Хотя даже так увы нет никаких гарантий, что это может нам что-то принести, но будем надеяться, что 6 лвл будет иметь весомое значение при раздаче.
    • SwapGate | Efficient Cryptocurrency Exchange SwapGate provides you with an innovative platform for instant cryptocurrency exchange. Our mission is to offer a fast, secure, and convenient exchange service for over 100 types of cryptocurrency assets without the need for lengthy registration and KYC procedures. Our service works 24/7 and you can already make your cryptocurrency exchanges now. Our platform is simple, easy to use, and built for efficient cryptocurrency transactions. Here are our key features of the SwapGate platform:  Fast and Affordable: Start exchanging instantly without going through registration. Transparent terms and conditions: We guarantee no hidden fees and fair transaction terms.  High security: We use advanced encryption and security technologies to protect your data and funds. About SwapGate: At SwapGate, we are committed to continuous development and innovation. Our team are professionals in their field, united by a common goal to create an efficient cryptocurrency exchange platform. We strive to offer the best service and constant online customer support . You can efficiently perform cryptocurrency manipulation on our website, and here are the short steps to exchange on SwapGate:  Asset selection: Determine which cryptocurrencies you want to exchange.  Determining the exchange rate: Choose a floating or fixed exchange rate.  Confirm & Send: Confirm the transaction details and send the cryptocurrency to the specified address.  Receive Coins: Track the exchange process in real-time and receive your cryptocurrency to the provided wallet. Join SwapGate and make fast exchanges without hidden fees! ️ SwapGate has a seamless support team ready to assist you with your cryptocurrency exchange needs. For more information, please get in touch with us:  Online chat: On the website, click on the blue dialog box  Email: info@SwapGate.io  Tech Support: @SwapGate_SupportBot on Telegram SwapGate is the choice for safe and easy cryptocurrency exchange with favorable fees. Easily exchange fiat for cryptocurrency and one cryptocurrency for another. Join us on https://swapgate.io and enjoy fast transactions now.
    • График крупных разлоков токенов в мае       Особенно крупные анлоки будут у AEVO и PYTH — более $1 млрд.
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