Do You Think Bitcoin Will Replace Dollar Soon? - page 118.

nmaryrai

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Quote from: Bla2e on June 03, 2017, 11:09:05 AM

It is perhaps hard to determine whether Bitcoin will replace dollar (or any other physical currency) because of the nature of Bitcoin. It can be manipulated with a series of well planned actions. So, I don't think it will ever replace the real world currencies.

Currencies of third world countries or developing countries will surely be defeated by bitcoin. But bitcoin can't replace USD status as an international currency that has capitalization is much larger than bitcoin, because not only by American citizens themselves but USD is held by many people in the world.

Bla2e

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It is perhaps hard to determine whether Bitcoin will replace dollar (or any other physical currency) because of the nature of Bitcoin. It can be manipulated with a series of well planned actions. So, I don't think it will ever replace the real world currencies.

Blamsud

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Quote from: ekans45 on June 03, 2017, 09:56:16 AM

Quote from: g1974ak on July 29, 2015, 04:06:04 AM

Quote from: Huobi-USD on July 29, 2015, 03:13:36 AM

Coinbase CEO believes bitcoin will replace dollar within 15 years.

Read the following news:
http://cointelegraph.com/news/114983/coinbase-ceo-bitcoin-will-replace-dollar-within-15-years

Do you think it will be true? Are you positive towards bitcoin's future status?

I don't think so. Us dollar is an international and very established money. To many countries (to not tell almost all) have their reserves in their Central Banks mostly in us dollar. Has almost the status of gold. Bitcoin has the qualities of being reserve money (is uninflationable) but I think that it is insufficient to fulfill the requests of all the countries.

If you will look at the term of value and reserved bitcoin is more likely can be used on transaction that may need fiat or the dollars value to developed. And I agree that we also need to consider all countries to accept another universal value such as bitcoin because dollar is a value that can convert on any currency so if we will look bitcoin as a replacement to another currency it may be hard to fulfill because the stock is inflating as people used it in a daily transaction and also bitcoin need more development to achieved. For me bitcoin does not really need to replace bitcoin , I think bitcoin should just focus on developing its transaction and security.

Dollar already proves it label globally, bitcoin needs to set new label without replacing any currency

ekans45

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Quote from: g1974ak on July 29, 2015, 04:06:04 AM

Quote from: Huobi-USD on July 29, 2015, 03:13:36 AM

Coinbase CEO believes bitcoin will replace dollar within 15 years.

Read the following news:
http://cointelegraph.com/news/114983/coinbase-ceo-bitcoin-will-replace-dollar-within-15-years

Do you think it will be true? Are you positive towards bitcoin's future status?

I don't think so. Us dollar is an international and very established money. To many countries (to not tell almost all) have their reserves in their Central Banks mostly in us dollar. Has almost the status of gold. Bitcoin has the qualities of being reserve money (is uninflationable) but I think that it is insufficient to fulfill the requests of all the countries.

If you will look at the term of value and reserved bitcoin is more likely can be used on transaction that may need fiat or the dollars value to developed. And I agree that we also need to consider all countries to accept another universal value such as bitcoin because dollar is a value that can convert on any currency so if we will look bitcoin as a replacement to another currency it may be hard to fulfill because the stock is inflating as people used it in a daily transaction and also bitcoin need more development to achieved. For me bitcoin does not really need to replace bitcoin , I think bitcoin should just focus on developing its transaction and security.

Dontme

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I think the bitcoin owner will prepare for that thing to happen in 10-15 years. Maybe cryptocurrency or bitcoin will be international their money. They make it National money or maybe International money. It is not possible to happen. Bitcoin soon has a strong power in US.

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Quote from: wahb on June 02, 2017, 07:56:18 PM

Quote from: sanandreas on June 02, 2017, 04:59:00 PM

Dollar is a popular not just popular but a powerful currency. It is very known world wide. Some country also depends on US dollar, making it powerful, so i don't think it will happen soon. Maybe someday but not so soon.

yes that is right that dollar is too much popular as well as powerful but it is only because of its users, if people will stop using dollar i do not think that it will even survive for some time. in fact the young generation are now changing their interest, most of them are now using online facilities for shopping and for so many other activities. so i am sure that if this trend will continue for a long time then dollar will really become devalue and people will mostly give preference to online currencies

If ifs and ans were pots and pans

Then there'd be no work for tinkers' hands, as the old proverb goes. Why would people want to stop using dollars unless the dollar gets devalued massively? People are using their bank cards to pay online, but the balances of these cards are still counted in dollars (or some other fiat currency), it is just a new and flashy method of payment using good old greenback. Even if you are using a Bitcoin payment card to make purchases online, payments are still settled with some fiat currency, most likely with the same US dollar

Xenophoto

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Quote from: wahb on June 02, 2017, 07:56:18 PM

Quote from: sanandreas on June 02, 2017, 04:59:00 PM

Dollar is a popular not just popular but a powerful currency. It is very known world wide. Some country also depends on US dollar, making it powerful, so i don't think it will happen soon. Maybe someday but not so soon.

yes that is right that dollar is too much popular as well as powerful but it is only because of its users, if people will stop using dollar i do not think that it will even survive for some time. in fact the young generation are now changing their interest, most of them are now using online facilities for shopping and for so many other activities. so i am sure that if this trend will continue for a long time then dollar will really become devalue and people will mostly give preference to online currencies.

How would that devalue dollars at all when the online currency that they are using is just the digital version of dollars? And if you're going to say that online shoppers are most likely going to end up using bitcoins, then I'm afraid that's not the case. People have been buying stuffs online for so long now. They are all using Paypal, or they do online bank transfer. Very little of them are using bitcoins. Why? Maybe because bitcoins aren't accepted in any online shop. There are some but they aren't that popular. They are not at the same level as Amazon or eBay.

wahb

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Quote from: sanandreas on June 02, 2017, 04:59:00 PM

Dollar is a popular not just popular but a powerful currency. It is very known world wide. Some country also depends on US dollar, making it powerful, so i don't think it will happen soon. Maybe someday but not so soon.

yes that is right that dollar is too much popular as well as powerful but it is only because of its users, if people will stop using dollar i do not think that it will even survive for some time. in fact the young generation are now changing their interest, most of them are now using online facilities for shopping and for so many other activities. so i am sure that if this trend will continue for a long time then dollar will really become devalue and people will mostly give preference to online currencies.

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BTC is no match to USD now. USD is the king of world economy due to wide spread of adaptation. BTC is becoming popular. I bet 95% of world population do not even know about BTC. So who ever adopt the BTC, the sooner the better. But may be one day BTC will replace USD. May be after years. When people will understand the value of crypto , how it works, how secure it is, how independent it is, people will enter into cryptoworld.

lady Royal

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Never ever, Bitcoin cannot replace Dollar not in this life maybe in next.
The government is already against it many rich people are against bitcoins, Many traders of gold etc are against Bitcoin because Bitcoin is disturbing their business. So, We cannot even imagine that Bitcoin will replace Dollar soon. I agree that it is adopted by many people and people are getting interested in Bitcoin and they are using it and sharing it with their friends and family but that doesn't mean that it can replace Dollar.

mornabo

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Quote from: Sir Paijoe on May 31, 2017, 12:02:19 AM

For the moment I think it's impossible, we all know that the USD is the world's strongest currency, all countries transactions use USD so impossible bitcoin could replace USD.

The dollar has been a global currency since long ago, international transactions use dollars because the dollar is legal and has a security guarantee. While bitcoin is illegal and has no security whatsoever

sanandreas

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Dollar is a popular not just popular but a powerful currency. It is very known world wide. Some country also depends on US dollar, making it powerful, so i don't think it will happen soon. Maybe someday but not so soon.

Ewinsane

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Quote from: carriebee on June 02, 2017, 12:01:12 PM

In my own opinion, I dont think bitcoin will replace dollar soonest. Though bitcoin is already popular in any countries still dollar is being used as currency in the world.

Yeah bitcoin would never replace the dollar but we can say that bitcoin will be next dollar in the future and I am sure it will happen because bitcoin popularity is increasing and bitcoin adoption is also increasing too much faster and I can say that bitcoin feature is very high than dollar .

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Quote from: carriebee on June 02, 2017, 12:01:12 PM

In my own opinion, I dont think bitcoin will replace dollar soonest. Though bitcoin is already popular in any countries still dollar is being used as currency in the world.

i am thinking the same as you because bitcoin need to do more to replace dollar and bitcoin need to be approve by many country and people using bitcoin for their daily life. we need more years to see that bitcoin is replacing dollars and until that time is come, we only can make money by withdraw our bitcoin into fiat and send it in our local bank.

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Quote from: Lancusters on June 02, 2017, 12:08:53 PM

Quote from: hahay on June 02, 2017, 09:25:24 AM

Quote from: NEWGOODOUBLE on June 02, 2017, 09:14:12 AM

Quote from: Sir Paijoe on May 31, 2017, 12:02:19 AM

For the moment I think it's impossible, we all know that the USD is the world's strongest currency, all countries transactions use USD so impossible bitcoin could replace USD.

Of course it is impossible to happen, not only impossible to replace the dollar, but other fiat currencies. Come on bitcoin will not replace any local currency #imo

Yeah this will not happen. Not only dollar, bitcoin also will not be able to replace other currencies in all countries, I do not want this to happen.

Probably soon we will see the circulation of electronic dollar which is embodied the best qualities of crypto-currencies. Only to control prices will not be the demand, and the Federal reserve Bank. This may create additional competition in the crypto market. Bitcoin probably will remain, and altcoins can disappear.

Altcoin has a very large variety, if one disappears, it will appear the other. Altcoin will strengthen the position of bitcoin, but as strong as any bitcoin position, I guess it will never replace the dollar in a short time.

Lancusters

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Quote from: hahay on June 02, 2017, 09:25:24 AM

Quote from: NEWGOODOUBLE on June 02, 2017, 09:14:12 AM

Quote from: Sir Paijoe on May 31, 2017, 12:02:19 AM

For the moment I think it's impossible, we all know that the USD is the world's strongest currency, all countries transactions use USD so impossible bitcoin could replace USD.

Of course it is impossible to happen, not only impossible to replace the dollar, but other fiat currencies. Come on bitcoin will not replace any local currency #imo

Yeah this will not happen. Not only dollar, bitcoin also will not be able to replace other currencies in all countries, I do not want this to happen.

Probably soon we will see the circulation of electronic dollar which is embodied the best qualities of crypto-currencies. Only to control prices will not be the demand, and the Federal reserve Bank. This may create additional competition in the crypto market. Bitcoin probably will remain, and altcoins can disappear.

carriebee

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In my own opinion, I dont think bitcoin will replace dollar soonest. Though bitcoin is already popular in any countries still dollar is being used as currency in the world.

FlightyPouch

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Quote from: hahay on June 02, 2017, 09:25:24 AM

Quote from: NEWGOODOUBLE on June 02, 2017, 09:14:12 AM

Quote from: Sir Paijoe on May 31, 2017, 12:02:19 AM

For the moment I think it's impossible, we all know that the USD is the world's strongest currency, all countries transactions use USD so impossible bitcoin could replace USD.

Of course it is impossible to happen, not only impossible to replace the dollar, but other fiat currencies. Come on bitcoin will not replace any local currency #imo

Yeah this will not happen. Not only dollar, bitcoin also will not be able to replace other currencies in all countries, I do not want this to happen.

Bitcoin may be a good asset, a good digital currency, but it will never replace dollars or even many other fiats, bitcoin is volatile, it's price changes every minute, who's country want a currency that's change it's value every single day, that will be bad. Though, it can be used as a alternative payment especially online.

hahay

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Quote from: NEWGOODOUBLE on June 02, 2017, 09:14:12 AM

Quote from: Sir Paijoe on May 31, 2017, 12:02:19 AM

For the moment I think it's impossible, we all know that the USD is the world's strongest currency, all countries transactions use USD so impossible bitcoin could replace USD.

Of course it is impossible to happen, not only impossible to replace the dollar, but other fiat currencies. Come on bitcoin will not replace any local currency #imo

Yeah this will not happen. Not only dollar, bitcoin also will not be able to replace other currencies in all countries, I do not want this to happen.

geegaw

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Quote from: Gameroid on May 31, 2017, 04:07:14 PM

Quote from: Sir Paijoe on May 31, 2017, 12:02:19 AM

For the moment I think it's impossible, we all know that the USD is the world's strongest currency, all countries transactions use USD so impossible bitcoin could replace USD.

i think everything is possible in this world. it is also possible but it depend on the interest of the people, if people are interested in bitcoin and they will like to use bitcoin instead of fiat, and if they have all the facilities available that we already have in fiat currency then it is really possible that that bitcoin will replace dollar soon.

No, I am sure this is a thing could not happen in the future because Dollar has been used for a long time, it is a very popular and convenient currency. In addition, the government will not accept a virtual currency they do not know to replace their currency, that will disturb and affect their economy, surely they will not let that happen. Bitcoin can be popular, can get a lot of attention but that does not mean it can replace the currency of a country, especially the strongest currency, it can not afford to beat the dollar

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