Can crypto replace other currencies?

[George10 9932]

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.

[jamesvince 2389]

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. 

[Nezar 7169]

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.

[MrGox 880]

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. 

[Treat1234 0]

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

[Lexfi 243]

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.

[Cammer 4609]

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 April 4, 2020 by Cammer

[rianpedia 816]

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.

[Mishu1234 101]

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   

[ComeBackIsrael 185]

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.

[Treat1234 0]

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

[Thekingcallme 1975]

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

[kizz 3370]

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

[Ridam 7455]

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.

[Brand1 1336]

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

[Captain Karim 0]

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.

[koussai999 1986]

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 

[Virgil dijk 1431]

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.

[pablomarwan 3082]

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

[Michael0606 861]

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.

[malik6314193 5449]

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. 

[MrGox 880]

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. 

[Trofimova 133]

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. 

[Babubu609 0]

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

[Babubu609 0]

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