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Jalil Baloch

Can crypto replace other currencies?

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On 1/6/2020 at 12:34 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? 

Although a drastic change in the economy is foreseen in the near future thanks to cryptocurrencies, it is likely that this will take longer than fans predict, since cryptocurrencies require equipment and an internet connection to which many people still do not have access However, cryptoasset technology is here to stay and although it is not known for sure if they will replace traditional money completely, what is a fact is that it has marked a mark in the history of the economy.

 
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I am sure that cryptocurrencies cannot replace conventional currencies because they must coexist. Today, many countries have not accepted cryptocurrency, so even if cryptocurrency replaces fiat, it will not be very soon.

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On 1/6/2020 at 12:34 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? 

I think not, or at least not in the near future, it must be borne in mind that transactions are made electronically and for example power outages would make this not possible, paralyzing commerce

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On 5/1/2020 at 23:24, duncun007 said:

Creo que bitcoin ya ha reemplazado algo de dinero fiduciario en países con dificultades como Venezuela y ya lo vemos sucediendo allí porque la gente perdió la fe en su dinero fiduciario, por lo que bitcoin fue la solución.

This is true, the currency of my country of birth devalued so much that people had to migrate to digital money, dollars and euros.

 

In particular, I think that cryptocurrencies could not replace money controlled by the government, because they will always want its power, but I do think that many more people will use cryptocurrencies and they will become part of world transactions, as is already the case in some countries. 

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 If by replacing them you mean making them disappear, I don't think so, but they do come to occupy an important place in our daily transactions. There are already websites where you can pay with cryptocurrencies.

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Crypto is a great business in the world and this is a new business and in a short time no one new business will replace the crypto business so wait for the good time and in the future crypto is going to be legal in all over the world.

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good afternoon,
I think not, cryptocurrencies really seem more active than currency, we buy cryptocurrencies to make a profit as an investment method, we do not buy it as a transaction method, imagine that they would fix the coffee in X satoshi, with the price that varies so much it would be a disaster if you don't have to compare.

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Since cryptocurrencies were not created by bankers, politicians, or the world elite I find it difficult to happen. It is true that paper money bills, as we know them, will cease to exist in a short period of time but only to be replaced by digital representations of them. In many countries, bills do not have any monetary value and I have seen some places where people use the paper money to start a bonfire or to wrap things.  The war against the crypto coins is mean and does not seem to stop soon. Let’s say that the best chance is to coexist with official currencies.

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The decentralized crypto currencies will never replace fiat money. Nevertheless I think fiat money will be replaced by a crypto currency which is developed by a central bank. In this way they can still control the financial market. 

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May  be not. Crypto currency will not take the position of any other currencies like the paper currency . Because fiat currency is become the part of all exchange markets. Another reason is  that the crypto currency is not acceptable in the most countries  but it's a possibility that both will work together in future.

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I dont think it will replace fiat currencies, unless goverments decide to go full crypto. The EU is trying to make the Euro digital.

For a long time we are going to see fiat and crypto coexist, and should crypto ever overtake fiat, I’m not sure it will be in our lifetime.

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I do not think that cryptocurrencies replace money because governments have the power in their hands and if one day cryptocurrencies can be the main ones, be sure that the controller will be the governments themselves, they will look for ways to control
  good luck to everyone and a big greeting

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You are want to know my dear something that we can not know. You are ask if in the future this will happen like we know or we can know anything about the future. You are need to know the future is unpredectable and you ask for this that is something very unreal to happen.

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Some cryptocurrencies as Bitcoin have this potential but not all and not even 90% of them that are garbage. There are a few that can keep getting adopted because of their excellent networks and decentralization and these can become the best that can replace the fiat currencies.

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It is something that I hope will happen to get rid of the world economic systems that strongly affect everyone, it is very complex for them to accept it since it damages their monetary control plans due to the de-centralization of cryptocurrencies

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the bitcoin can be very useful for the future but replacing the local currency is difficult the dollar has a lot of influence and has more dominance

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In my opnion, it does not seem possible for cyrpto curriencies to replace national curriencies for now. No state will alow this. But states can participate in teh process. Each state is gradually producing itss own digital money. News started to come in this direction in the states.✔️

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The crypto wonder is opened 

new talk about the future virtual cash. Contact money This virtual world moves cash money? This shows that virtual cash has 

possibilities, yet with the commitment of danger records that need alleviation we can just stand by

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Bitcoin may replace other curencies but not now and not even in near future. If that happens then we may not be alive to be witness of that 😂

To replace other currency by cryptocurrency every people should have technical knowledge and access to the internet which is practically not possible at present time and not even for few decades. 

Also it will require a lot of large cryptocurrency mining farms to verify every transactions of cryptocurrency. So I dont think cryptocurrency may not totally replace real currwncy but may be most used currency because of its features.

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I think that is never possible.  Not because it's a cryptocurrency it's a coin of a much larger size.  There is no way to replace it with another currency because if the currency is replaced with another currency then those banks will also fail to pay tax in many ways.  Because cryptocurrency can be a big loss there.  So crypto currency will never want its loss so they will never want to replace it with another

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They cannot replace currencies because they are illegal and are not on paper and there are no guarantees.

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We don't know friend why don't you learn about this. It is not something that we know with certainty or that we have seen in a crystal ball. You ask what will happen. We don't know and nobody does know. Ask something else and not about what will happen.

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On 1/6/2020 at 6:34 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? 

What can we do about this my friend? We too want to know this and we want also to know if price of Bitcoin will rise more or not. Or it will not happen at all. But can someone answer these questions?

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In rare financial disasters that happen in some countries as lately Venezuela, Lebanon, Turkey and Zimbabue the money used in these countries is loosing value very fast. It will be a collapse in most of them and the people are getting poorer. This means that Bitcoin can  work there a lot better.

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Exactly the same question as this one:

You guys must share the same high intelligence too as you are concerned a lot about the future.

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This Artificial Intelligence believes that if the crisis between Israel and Iran intensifies, the price of the main cryptocurrency will only slightly decrease, and this will be a short-term reaction. More severe impacts would likely be on assets like stocks. Bitcoin, however, is expected to quickly recover its position. ChatGPT, like Michael Saylor, anticipates that an initial drop will be followed by a bullish rally as investors look for a safe haven, potentially driving "digital gold" to a new historical high of $75,000. If the escalation in the Middle East becomes protracted and leads to a series of smaller conflicts, ChatGPT predicts the volatility range for bitcoin could expand: with an initial fall to $55,000 followed by a surge to $80,000.   It is worth noting that the discussed drop in BTC/USD occurred against the backdrop of a noticeable strengthening of the American currency. This was not only due to the dollar's role as a safe-haven asset amid geopolitical tension but also because of a postponement in market expectations regarding the timing of the Fed's easing of monetary policy. After the inflation data published on April 10, market participants decided that the first rate cut would not happen in June but in September, causing the Dollar Index (DXY) to surge sharply. Naturally, the strengthening of one asset in a currency pair led to the weakening of the other: the principle of leverage is irrefutable.   Now, a few words about what awaits the main cryptocurrency after the halving. This year, 75% of the investment influx has been provided by the newly launched spot bitcoin ETFs in the U.S. Their combined balance now totals $12.5 billion, with the U.S. accounting for over 95% of the global inflow into exchange-traded crypto funds. The interest in ETFs has been so strong that BlackRock's fund became the fastest-growing in history.   According to CryptoQuant analysts, the reserves of bitcoin on exchanges will last only a few months at the current rates. Total available exchange reserves have decreased by more than 800,000 BTC and have reached their lowest level in the history of two-year observations. As of April 16, they stand at about 2 million BTC. Assuming a daily influx into spot BTC-ETFs of about $500 million, which at current prices equates to approximately 8,025 coins, it would take just nine months to completely deplete these reserves.   The results of calculations using the Stock-to-Flow (S2F) model, which demonstrates the relationship between an asset's usage and its reserves, show that after the halving, the bitcoin S2F coefficient will reach 112 points. This is nearly twice the S2F for gold (60 points), indicating that by January 2025, bitcoin will become a more scarce commodity than the most popular precious metal.   In such a scenario, another powerful new driver could emerge. Following the U.S., similar investment inflows into cryptocurrency could be provided by spot ETFs in China. According to insider information from Bloomberg, the SEC of Hong Kong could make a positive decision on launching such funds within the next few days. And perhaps the predictions by ARK Invest's CEO, Cathy Wood, and author Robert Kiyosaki, who expect the price of bitcoin to reach $2.3 million per coin by 2030, are not so far from the truth.   As of the evening of Friday, April 19, BTC/USD is trading around $64,150. The total market capitalization of the crypto market stands at $2.32 trillion, down from $2.44 trillion a week ago. The Crypto Fear & Greed Index has dropped from 79 to 66 points, moving from the Extreme Greed zone to the Greed zone.   Finally, a bit of intriguing information for collectors. As it has been revealed, miners have begun active preparations for the "hunt" for the first "epic" satoshi to be mined after the current halving. Whoever mines it might receive a substantial sum, as the estimated value of this "collectible" digital coin could be several tens of millions of dollars. About two years ago, Casey Rodarmor, creator of the Ordinals protocol on the blockchain of the first cryptocurrency, developed a system for classifying the rarity of individual sats. With the launch of "inscriptions," it became possible to number and sell fractions of bitcoin similar to non-fungible tokens (NFTs).   Rodarmor's scale varies from the first "unusual" satoshi in each block to the "mythical" – the very first in the history of the blockchain. One of the highest degrees of rarity is the "epic" sat, mined in the first block after each halving. It is possible that collectors might value such an asset even at $50 million. (Remember that a satoshi is one hundred millionth of a bitcoin (0.00000001), and at the current BTC price, the price of a regular, non-collectible sat is just $0.00064). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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    • Наступило еще одно сокращение награды биткойнов вдвое, четвертое на данный момент, и оно не было похоже ни на одно другое до него, причем институциональные инвестиции впервые сыграли ключевую роль. Уполовинивание биткойнов исторически было связано с одним существенным сходством — последующим скачком цены BTC , который часто происходит через некоторое время после халвинга. Хотя сообществу еще предстоит выяснить, пойдет ли четвертое халвинг по тому же пути, кое-что уже изменилось в халвинге Биткойна в 2024 году. База пользователей криптовалют выросла как минимум на 400% с момента сокращения вдвое в 2020 году Хотя скорость генерации новых биткойнов снизилась со времени первого халвинга, спрос не остался на месте. По данным различных источников , с момента предыдущего сокращения биткойнов вдвое, которое произошло в мае 2020 года , глобальная база пользователей криптовалюты увеличилась как минимум на 400 миллионов пользователей. По оценкам Кембриджского центра альтернативных финансов (CCAF), в 2020 году число владельцев криптовалют во всем мире составило около 100 миллионов пользователей . По оценкам криптобиржи Crypto.com, к концу 2023 года число пользователей криптовалюты в мире выросло до 580 миллионов человек . Глобальные пользователи криптовалюты с января 2023 г. по декабрь 2023 г. Источник. Крипто.com Несмотря на то, что Биткойн является крупнейшей в мире криптовалютой по рыночной капитализации и самой старой, у него, очевидно, меньше пользователей, чем у всей криптоэкосистемы. По данным Technopedia, по состоянию на 2024 год около 2,7% мирового населения будут владеть биткойнами, что составляет около 219 миллионов  человек. Если верить данным, то, согласно расчетам Crypto.com, эта цифра выросла примерно на 208% по сравнению с 71 миллионом пользователей Биткойна четыре года назад. В случае с Биткойном или большинством других криптовалют оценка большинства пользователей не может быть на 100% точной, поскольку анализ транзакций в блокчейне часто неспособен отличить долгосрочных держателей от потерянных BTC, а также других факторов. Ралли биткойнов перед сокращением вдвое в 2024 году еще не наблюдалось Одно из самых больших различий между четвертым сокращением биткойна и тремя предыдущими  заключается в том, что перед сокращением в 2024 году цена продемонстрировала необычайный рост. В предыдущих циклах цена Биткойна регистрировала снижения перед халвингом, а новые исторические максимумы были достигнуты примерно через год после даты сокращения награды ха блок. Например, биткойн не поднялся выше ранее установленного ATH в 20 000 долларов до халвинга в 2020 году. В этом цикле цена Биткойна превысила ATH только через 10 месяцев после сокращения вдвое. На этот раз картина совсем иная. В текущем цикле Биткойн достиг рекордного максимума прямо перед событием халвинга, установив рекорд в 73 600 долларов 13 марта 2024 года. Такого прорыва никогда раньше не наблюдалось, и с этим согласны многие аналитики, в том числе криптоаналитик eToro Саймон Питерс. На этот раз майнеры «лучше подготовлены» к халвингу Невиданное ранее повышение цен на биткойны перед сокращением вдвое потенциально оказало положительное влияние на майеинговую отрасль, поскольку майнеры получили больший контроль над затратами на добычу биткойна. «По сравнению с предыдущим сокращением вдвое, похоже, что майнеры в целом находятся в лучшей форме с точки зрения более низкого уровня долга и потенциально лучшего контроля над своими расходами, такими как электричество», — сказал директор по исследованиям Fidelity Digital Assets Крис Койпер, добавив: «Что также помогает майнерам в этом цикле, так это повышение цен перед  сокращением вдвое — то, чего также не наблюдалось в предыдущих циклах». С момента третьего сокращения вдвое в мае 2020 года потребление энергии при майнинге биткойнов значительно возросло, увеличившись примерно с 50 тераватт-часов (Twh) до 99 Twh 18 апреля 2024 года. Энергопотребление биткойнов. Источник: Дигикономист В то же время объем потребления энергии в сети Биткойн, основанной на возобновляемых источниках энергии, также увеличился: по данным Bitcoin ESG Forecast, на долю возобновляемых источников энергии приходилось 54,5% потребления майнинга BTC по состоянию на январь 2024 года. По данным CCAF, по состоянию на сентябрь 2020 года этот показатель составлял 39%. Первое сокращение биткойнов вдвое с помощью спотовых BTC ETF в США Одна из самых простых особенностей сокращения биткойнов в два раза в 2024  году заключается в том, что это сокращение вдвое станет первым в истории, когда биржевые фонды BTC (ETF) включены в Соединенные Штаты. После многих лет усилий спотовые биткойн-ETF дебютировали в январе 2024 года, открыв доступ к биткойнам для институциональных инвесторов.   По словам аналитика Bloomberg ETF Эрика Балчунаса, спотовые биткойн-ETF добились «ошеломляющего успеха», что, очевидно, отражает всплеск спроса на биткойн.
    • 20.04.2024 Тарифы Kingex 👑   Покупка криптовалюты / Buying cryptocurrency:   BTC/ETH  +1.7% (Мы доплачиваем) USDT  +1.7% (Мы доплачиваем)   ^^SALE^^ от 50k    + 1.9%    Продажа криптовалюты / Selling cryptocurrency:   BTC/ETH  - по запросу USDT   - по запросу   Оператор: @Kingex Сайт: Kingex.io Курс на протяжении дня может меняться! ------------------------ Будьте ОСТОРОЖНЫ, появились фейки! Наш телеграм: @Kingex
    • точно не зна, насчет 1го, но во втором стандартные долбанутые а ля erc20 комиссии   кстати, с наступившим !   можно халвы купить в 5ерочке отпраздновать   и тончик снова припал
    • Представители Федерального бюро расследований предупреждают общественность о распространении программы-вымогателя Akira. Согласно заявлению ФБР , программа-вымогатель Akira Bitcoin ( BTC ) нанесла многомиллионные убытки различным компаниям и организациям в Северной Америке, Европе и Австралии. Вредоносное ПО получает доступ к инфраструктуре предприятия через VPN, получая доступ к программному обеспечению без многофакторной аутентификации. Затем Акира крадет конфиденциальные данные и важную информацию, блокируя доступ к системе. Далее на экране отображается сообщение с требованием выкупа. Хакеры используют биткойн в качестве способа оплаты.   В результате распространения программы-вымогателя неизвестные мошенники завладели более чем $42 млн, затронув более 250 компаний. Первоначально хакеры атаковали компьютерные системы на базе Windows, но позже следователи выявили и Linux-версию Akira. ФБР совместно с Агентством кибербезопасности и безопасности инфраструктуры (CISA), Европейским центром по киберпреступности Европола (EC3) и Национальным центром кибербезопасности Нидерландов (NCSC-NL) выпустило специальное предупреждение. Ранее ФБР опубликовало отчет о мошенничестве с инвестициями в криптовалюту. По данным агентства, в 2023 году этот показатель увеличился на 53% до $3,94 млрд. Как пояснили в ФБР, большая часть афер была связана с обещанием высоких прибылей от инвестиций в цифровые активы и составляет 86% всех потерь от инвестиционного мошенничества. В Соединенных Штатах.
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