Can crypto replace other currencies?

[Meharba 192]

This is really hard to expect something like that in my opinion! there are new currencies per day and the number of new currencies is increasing day by day! of course dead coins would disappear in a short time but there would new ones too.

[deepown 0]

1 hour ago, Tahsinul12 said:

Yes cryptocurrencies can replace other currencies without any doubt... Our world is getting digitalised... As a result digital transactions are increasing day by day. If all countries of the world legalize cryptocurrency then other currencies will be vanished

Local currencies to vanish would not be a one day phenomenon or could not happen at all, no country could allow that.

[deepown 0]

32 minutes ago, Svintus87 said:

No because humans will never change their fiat money on crypto even if it will be very popular because some of them think that this is scam and will try to tell it to others

That ignorance that bitcoin is a scam is been fading day by day, in the future many will see crypto as a real currency.

[Whited35 15285]

We consider possibility. Cryptocurrencies have the potential to eventually replace cash, according to new research from reputed financial journal, over the next decade, things could completely change and demand for alternative currencies, from gold to crypto, could take off.

[Amdadul11 17]

You can replace other currencies with crypto yes because of course you can benefit a lot if you work in this cryto world.  And this cryto world is a site well worth an outsourcing income.  So many people like me have benefited from this work financially and in many ways. That's why I work on this cryto currency site.

[Franco77 10]

Even if we live in a modern world, not every place is covered by modern technology. Some places are still in worse condition than others. I'm sorry to say this but I think it's less likely. The currency of a country is the face of their country, just like their identity.

[Naylor89 1223]

It will be impossible. The people who do not want to recognize the crypto will always exist. Even if the government announces that the crypto is the main currency, they will start to protest against it.

[RanaCaptcha7 11]

You can do chart analysis for BTC. It's miles the one and most effective cryptocurrency you could do this for. Because other coins do not have sufficient trading extent or enough historic statistics, while BTC has a track file for nine years.

[Naylor89 1223]

Fiat cannot be replaced by crypto, Because Crypto holders are only people who use the internet. People who are not internet users may not know about crypto. Fiat money will still be needed and crypto is only an alternative money.

[GeorgeD 5]

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? 

Hello my dear friend. In fact, I think that the cryptocurrency has enjoyed a significant increase in recent times, but it is difficult to replace the currencies of countries in our time because each country adheres to its currency, which distinguishes it from the other.

[Lover840 0]

On 1/6/2020 at 9:04 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? 

Hello my dear friend. I'm more than sure that this will not happen in the future. Crypto currency won't replace the fiat currency. Both currencies are good own their own place. 

[AshikSakib 5]

It is very difficult to say if this can happen at 100%. I believe personally that one day people will prefer crypto to hold as a means of not losing their value to fiat currency, because these currencies continue to lose value. Governments keep printing more money and then the value of that currency goes down.good luck...

[BitcryptoHan 2557]

There is possibility. If governments are accepting and creating their own cryptocurrencies, one day, it will replace all other currencies. 

[Zaino34 0]

I do not think that digital currencies will replace the current currencies, each of them will remain within its scope, but will increase the dealings in cryptocurrencies in the future due to the increase in the number of people who use encryption

[sha56 7]

i suspect cryptographic protocols is not going to cut out poles apart economies, cryptographic algorithms are going to be a truly reclaimable leverage quality, so as to store victimisation cryptographic protocols, after all then there is  written agreement with the vender furthermore purchaser. this still can not seem to supersede the general foreign currency, only associate understanding between the general marketer as well as spectacular customer.

[Zahid12 0]

Currently used in Crypto currency investments, I will never replace it. It is currently being used legally in different countries and will be used in different countries in the future.

[SuperCrypto 7193]

Certainly, traditional coins will be replaced with cryptocurrencies in the future because they have features that attract investors, users, shop owners and companies. So I expect to use cryptocurrencies instead of money in the future.

[Jessica Karren 1242]

I think it will never happens. Fiat currencies are well established in the whole world and people have trust on them while cryptocurrencies are new and very few people have trust on them.

[IamLeader12 682]

I think that this will not happen at all, in order for the cryptocurrency to become a global currency, it must be profitable for the government, and I think this will never happen.

[deepown 0]

On 3/23/2020 at 6:59 PM, mahabub said:

This weather be capable of be happened but this cannot took as stunted time it capacity took a good number of centuries as fiat currencies are trusted  with many people than cryptocurrency.
 

Countries?? no man look at what crypto ha achieved in one decade, imagine what it can accomplish in 2 or 3 more.

[Brushless4500KV 4214]

On 3/23/2020 at 11:15 PM, Frozen said:

We want to be digital why not we use digital currency. We are becoming poor with our native currency if we can use Crypto then it will make us rich so Crypto should be replaced of others currencies.

This is only true if you are talking about third world and under-developed countries. The people there may get poorer if they use their local currencies due to high inflation rates and low value of their currencies. But people in industrial countries benefit from high value currencies and don't have the problem faced by third world countries. Digital and fiat currencies should not replace each other, they should be used to address each other's flaws. If we know how to use each currency properly, we can turn it into profit. We can't trade with a single currency, we need conversions between fiat and crypto to have a meaningful trade.

[tariqul 566]

Cryptocurrency continues at its own pace but cannot replace currency with any other currency because currency is becoming more popular at present and how currency can become more popular in the future how we can make some money so that we can meet our other needs.

[Saj555 2250]

There two type of currencies are available now. One is flat currency and the other one is crypto currency or virtual currency. The flat currencies are available in all countries now but the crypto currencies are also getting popularity and this popularity will grow high in next decade. If it continues like that then it can replace other currencies. 

[NevermindNe 549]

I think that no, cryptocurrency will not cause any harm to other currencies and they will continue to exist further.

[teminalibug 309]

1 hour ago, Princeazam said:

I think bitcoin has already replaced some fiat money in struggling countries like Venezuela and we already see it happening there because people lost faith in their fiat money so bitcoin was the solution.

I did nit know bitcoin has reached that stage, but that will only make the yet to be affected countries more cautious and thus making more restrictions.