Actually the possibility of bitcoin becoming more like cash money depends on the acceptability and recognition of the government of world countries because it can't be effective when they disapprove
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: this_feature_currently_requires_accessing_site_using_safari
I do not think it would come to a day bitcoin or crypto currency would be like cash, when it happens the purpose of its creation has been defeated and the value would drastically dropWe can't really tell , but personally I am sceptical because this will not happen. cryptocurrency will still continue to be a digital coins cream that was created to be. Yes it will automatically become a centralised currency.
I actually believe that anything is possible and that may actually be a possibility. But one thing is that so many countries will not be able to accept Bitcoin as a legal tender.Have you ever thought of the possibility that a day would come whereby we do not have to use paper money any longer?
Well for me I sincerely believe that anything is possible in this world.
That is what so many people are saying. and we just hope it continues that way. We do not want cryptocurrency to be in a physical form because it will automatically be regulated by the bank of any countries that accept it.I do not think it would come to a day bitcoin or crypto currency would be like cash, when it happens the purpose of its creation has been defeated and the value would drastically drop
The major reason bitcoin was created is so that it will be used as a form of payment on the internet. There is no way it can become like cash or physical money because it is decentralized. Physical money is centralisedThat is what so many people are saying. and we just hope it continues that way. We do not want cryptocurrency to be in a physical form because it will automatically be regulated by the bank of any countries that accept it.
That is true. But just that a lot of people are not adopting bitcoins as they should be adopting, most especially businessThe major reason bitcoin was created is so that it will be used as a form of payment on the internet. There is no way it can become like cash or physical money because it is decentralized. Physical money is centralised
cryptocurrency and bitcoin is not something that a lot of people will accept in a single day. It is a gradual process because it needs a lot of education for people to understand it properly.That is true. But just that a lot of people are not adopting bitcoins as they should be adopting, most especially business
This would have pushed the price of bitcoins to a relatively high standard.
What of certain government officials around the world that do not accept cryptocurrency into its government system. Do you think they still need proper education to really understand what cryptocurrency is all about ?cryptocurrency and bitcoin is not something that a lot of people will accept in a single day. It is a gradual process because it needs a lot of education for people to understand it properly.
Governments have people that understand cryptocurrency properly around them but they do not want to risk making it a legal tender. I think different governments have different reasons for doing so.What of certain government officials around the world that do not accept cryptocurrency into its government system. Do you think they still need proper education to really understand what cryptocurrency is all about ?
this is true as so many government do not want to come to the terms that there is a new monetary competition and they are doing all they can so it does not work out.Currently I think there is low possibility of bitcoin becoming like cash simply because most of the country government have not even accepted its operation in there respective home talk more of accepting it for transactions.
That is what so many people are saying. and we just hope it continues that way. We do not want cryptocurrency to be in a physical form because it will automatically be regulated by the bank of any countries that accept it.
Yes, in the same way, more transactions are happening in bitcoin because the trend of most people has turned towards cryptocurrency A system has been introduced for cryptocurrency in Lot's of countries.May be soon he will accept that those who do not accept Cryptocurrency will also accept in the World.Yes it will replace physical cash in the farthest future. It is a form of exchange in some countries. People use to it to buy and sell items online. In a different decentralised world of it's own , self governing your currency gives you power and control over it . It wil happen eventually
I believe that bitcoin can be more like cash in the future but also I am aware that this would be very difficult to happen as there us yet to be a global acceptability of it as a legal tender.It will be very difficult for bitcoin to be more like cash these is because they operate on two different entity that's online and offline. it acceptability depends on the government.