Do You Think Bitcoin Will Replace Dollar Soon? - page 132.

gabmen

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Quote from: Lorik on May 06, 2017, 04:46:21 AM

Quote from: Yatsan on May 05, 2017, 09:21:39 PM

No, because as you can see that the bitcoin is an online money or digital currency so by that, it means that it needs a requirements before you will use it for example a internet and a gadget almost all of that have that but some are didn't have that the poor section of the society so by that it means that not all people can use the bitcoin and that is the reason why bitcoin can't replace any fiat.

Yes, bitcoin without the Internet can completely disappear and because of this can not become a substitute for the dollar. If over time it can operate without the Internet, then it will be possible to talk about the possible ousting of the dollar.

we can't really know what will happen. it may go two ways. if we progress more in the future then possibly btc can emerge as the number one currency used. if we succumb to war and most that we know now disappears, then I don't think even the dollar would have much worth to that kind of future.

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Quote from: EdenHazard on May 04, 2017, 11:11:35 PM

Quote from: deisik on April 17, 2017, 01:21:13 AM

Quote from: Sled on April 16, 2017, 11:10:25 PM

Even decades or even century, bitcoin will never replace the dollar because dollar is too powerful to be replaced and before you think that bitcoin could possibly replace dollar look to the governments first, do you think they will allow bitcoin to overtake their power and dictate the world of financial system by dollar? I think they will not allow that so there is no chance for bitcoin to do that replacement

A century is quite a lot of time really

We can't say with certainty whether Bitcoin or the US dollar (or even the US as such) will still exist in so much time. Wtf, we can't even say that either will still be around in just a decade (the latter more concerns Bitcoin, of course). Note that Bitcoin itself doesn't need to compete out the dollar since the latter can die on its own or just become a second grade currency like Venezuelan bolivar (the Zimbabwean dollar being the extreme but this is a big distance). The same can well happen to Bitcoin too, obviously

bitcoin are part of technology and everybody knows that technology always grow faster even than the clock , you can not really underestimate on something like this isn't it? and i agree with you that bitcoin doesn't need to replace any currency , it could run and used together

This is not so over long enough timeframe

We are just lucky to live in times when great technology advances are made but they are all based on practical application of fundamental discoveries made earlier (say, some 50 or even 100 years ago). But these discoveries don't in any way guarantee that they can and will be used in real life, or there is much left to discover at all in the future. For example, the nuclear fusion has been known maybe for 100 years already, but we still didn't advance past using it only in thermonuclear weapons, and it may take another 100 years till we can use nuclear fusion for producing energy. In other words, no one can say whether the technology will move ahead as fast as it has been moving for the last 20 years

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Quote from: Yatsan on May 05, 2017, 09:21:39 PM

No, because as you can see that the bitcoin is an online money or digital currency so by that, it means that it needs a requirements before you will use it for example a internet and a gadget almost all of that have that but some are didn't have that the poor section of the society so by that it means that not all people can use the bitcoin and that is the reason why bitcoin can't replace any fiat.

Yes, bitcoin without the Internet can completely disappear and because of this can not become a substitute for the dollar. If over time it can operate without the Internet, then it will be possible to talk about the possible ousting of the dollar.

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Quote from: Skarner21 on May 05, 2017, 07:04:58 PM

Quote from: batang_bitcoin on May 05, 2017, 06:38:37 PM

Quote from: LegendOF45 on May 05, 2017, 04:05:48 AM

At this time the people who say it is impossible, but I would say this is very possible. If the user is bitcoin continues to increase, then there is no reason to make the bitcoin main priority and replace the dollar.

I would say that it's impossible. Even the price of bitcoin increases, it is decentralized and the government isn't willing to adopt this type of payment system or as a currency because they will be hard time to manipulate it. And instead of manipulating it for their people, the whales are the ones that can manipulate the government.

I can't believe that someone can say that bitcoin can be replace dollar for me its impossible since bitcoin is just use as alternative payment just like other payment method like vcc use to buy something online. bitcoin is just an internet money there is no physical coin for bitcoin ., and the price of bitcoin is not always stable so if people use it as majority possible that worldwide market will refuse.
Not a good idea to replace dollar with bitcoin..

We do have our very own opinion and I respect if he believes that bitcoin can replace dollar as a currency. And many are looking for the time that every transactions will be cashless and this is just the start of it. Bitcoin won't replace dollar and it will be considered as an alternative currency if people doesn't want to use dollar.

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No, because as you can see that the bitcoin is an online money or digital currency so by that, it means that it needs a requirements before you will use it for example a internet and a gadget almost all of that have that but some are didn't have that the poor section of the society so by that it means that not all people can use the bitcoin and that is the reason why bitcoin can't replace any fiat.

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Quote from: RajaJudi on May 05, 2017, 08:07:21 PM

Quote from: bitllionaire on May 05, 2017, 07:22:43 PM

Quote from: CoinFoxs on May 05, 2017, 11:09:46 AM

Quote from: LegendOF45 on May 05, 2017, 04:05:48 AM

At this time the people who say it is impossible, but I would say this is very possible. If the user is bitcoin continues to increase, then there is no reason to make the bitcoin main priority and replace the dollar.

No it is not possible yet because behind Dollar there are many super powers who control Dollar and they don't want bitcoin to replace Dollar because bitcoin is decentralized currency and if this is happens then they loose their power. And if this would happen then bitcoin will be under control of someone.

soon or later but bitcoin has to replace USD. although in present time USD is one of the most strongest currency of the world but i think the users of bitcoin are now increasing from time to time, therefore we can expect that the price of bitcoin will replace USD.

NO I dont think so since the number of Bitcoin is never enough to adapt the demand of all people around the world. But it is a chance for other cryptos to appear and replace both Bitcoin and dollar

There is no chance for cryptocurrencies to replace bitcoin or even dollar. First bitcoin has a lot of advantage against the cryptocurrencies like the reputation and the foundation of the market and also other cryptocurrencies can't replace dollar or bitcoin because most of the other cryptocurrencies like bitcoin doesn't have an unlimited supply so it will be hard for them to supply the whole world with their currencies.

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Quote from: bitllionaire on May 05, 2017, 07:22:43 PM

Quote from: CoinFoxs on May 05, 2017, 11:09:46 AM

Quote from: LegendOF45 on May 05, 2017, 04:05:48 AM

At this time the people who say it is impossible, but I would say this is very possible. If the user is bitcoin continues to increase, then there is no reason to make the bitcoin main priority and replace the dollar.

No it is not possible yet because behind Dollar there are many super powers who control Dollar and they don't want bitcoin to replace Dollar because bitcoin is decentralized currency and if this is happens then they loose their power. And if this would happen then bitcoin will be under control of someone.

soon or later but bitcoin has to replace USD. although in present time USD is one of the most strongest currency of the world but i think the users of bitcoin are now increasing from time to time, therefore we can expect that the price of bitcoin will replace USD.

NO I dont think so since the number of Bitcoin is never enough to adapt the demand of all people around the world. But it is a chance for other cryptos to appear and replace both Bitcoin and dollar

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Quote from: CoinFoxs on May 05, 2017, 11:09:46 AM

Quote from: LegendOF45 on May 05, 2017, 04:05:48 AM

At this time the people who say it is impossible, but I would say this is very possible. If the user is bitcoin continues to increase, then there is no reason to make the bitcoin main priority and replace the dollar.

No it is not possible yet because behind Dollar there are many super powers who control Dollar and they don't want bitcoin to replace Dollar because bitcoin is decentralized currency and if this is happens then they loose their power. And if this would happen then bitcoin will be under control of someone.

soon or later but bitcoin has to replace USD. although in present time USD is one of the most strongest currency of the world but i think the users of bitcoin are now increasing from time to time, therefore we can expect that the price of bitcoin will replace USD.

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Quote from: batang_bitcoin on May 05, 2017, 06:38:37 PM

Quote from: LegendOF45 on May 05, 2017, 04:05:48 AM

At this time the people who say it is impossible, but I would say this is very possible. If the user is bitcoin continues to increase, then there is no reason to make the bitcoin main priority and replace the dollar.

I would say that it's impossible. Even the price of bitcoin increases, it is decentralized and the government isn't willing to adopt this type of payment system or as a currency because they will be hard time to manipulate it. And instead of manipulating it for their people, the whales are the ones that can manipulate the government.

I can't believe that someone can say that bitcoin can be replace dollar for me its impossible since bitcoin is just use as alternative payment just like other payment method like vcc use to buy something online. bitcoin is just an internet money there is no physical coin for bitcoin ., and the price of bitcoin is not always stable so if people use it as majority possible that worldwide market will refuse.
Not a good idea to replace dollar with bitcoin..

batang_bitcoin

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Quote from: LegendOF45 on May 05, 2017, 04:05:48 AM

At this time the people who say it is impossible, but I would say this is very possible. If the user is bitcoin continues to increase, then there is no reason to make the bitcoin main priority and replace the dollar.

I would say that it's impossible. Even the price of bitcoin increases, it is decentralized and the government isn't willing to adopt this type of payment system or as a currency because they will be hard time to manipulate it. And instead of manipulating it for their people, the whales are the ones that can manipulate the government.

phr0stbyt3

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Quote from: Wa(t)ch_night() on April 16, 2017, 11:45:29 AM

Quote from: xSkylarx on April 16, 2017, 12:46:29 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?

No it can't be. Dollar is very powerful and yet they will just let it? And in terms of legality and uses then dollar is on the upper hand. Bitcoin can be used like dolars but as we know Bitcoin has no concrete form which is one of the reasons why it cannot defeat dollars with many more reasons.

Absence of physical form does not matter. The dollar also has a digital form, but it does not lose popularity because of this. The reason is different. Bitcoin will not replace the dollar for the reason that the government will not allow it

That true even i wanted dollar to be kind of replaced with bitcoin but seeing the current conditions of it i feel it would just be a disaster as currently bitcoin is used around the world online by it's holders but if everyone in us starts using it the network would crash.

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Quote from: CoinFoxs on May 05, 2017, 11:09:46 AM

Quote from: LegendOF45 on May 05, 2017, 04:05:48 AM

At this time the people who say it is impossible, but I would say this is very possible. If the user is bitcoin continues to increase, then there is no reason to make the bitcoin main priority and replace the dollar.

No it is not possible yet because behind Dollar there are many super powers who control Dollar and they don't want bitcoin to replace Dollar because bitcoin is decentralized currency and if this is happens then they loose their power. And if this would happen then bitcoin will be under control of someone.

Yes, it is possible only in the case when bitcoin will begin to control and make of it paper money.

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Quote from: LegendOF45 on May 05, 2017, 04:05:48 AM

At this time the people who say it is impossible, but I would say this is very possible. If the user is bitcoin continues to increase, then there is no reason to make the bitcoin main priority and replace the dollar.

No it is not possible yet because behind Dollar there are many super powers who control Dollar and they don't want bitcoin to replace Dollar because bitcoin is decentralized currency and if this is happens then they loose their power. And if this would happen then bitcoin will be under control of someone.

kpcian

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To be very Frank 😀, it's not possible within 50 years.
Dollar has already gained it's acceptability and credibility though it has some fluctuations which doesn't make any sense. People are not heavily aware of fluctuating of any currency, they're just gathering and spending. Some time they'rehappy sometimes they're not happy to purchase in their regular life. At the end of the day, they are going to save some dollars to maintain their life, Because they have faith on it.
So it's really tough to replace by Bitcoin very soon.

LegendOF45

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At this time the people who say it is impossible, but I would say this is very possible. If the user is bitcoin continues to increase, then there is no reason to make the bitcoin main priority and replace the dollar.

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Quote from: deisik on April 17, 2017, 01:21:13 AM

Quote from: Sled on April 16, 2017, 11:10:25 PM

Even decades or even century, bitcoin will never replace the dollar because dollar is too powerful to be replaced and before you think that bitcoin could possibly replace dollar look to the governments first, do you think they will allow bitcoin to overtake their power and dictate the world of financial system by dollar? I think they will not allow that so there is no chance for bitcoin to do that replacement

A century is quite a lot of time really

We can't say with certainty whether Bitcoin or the US dollar (or even the US as such) will still exist in so much time. Wtf, we can't even say that either will still be around in just a decade (the latter more concerns Bitcoin, of course). Note that Bitcoin itself doesn't need to compete out the dollar since the latter can die on its own or just become a second grade currency like Venezuelan bolivar (the Zimbabwean dollar being the extreme but this is a big distance). The same can well happen to Bitcoin too, obviously

bitcoin are part of technology and everybody knows that technology always grow faster even than the clock , you can not really underestimate on something like this isn't it? and i agree with you that bitcoin doesn't need to replace any currency , it could run and used together.

nobody can estimate for how long it will takes, or even it will really happened? we don't know.

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Quote from: Hotel_Prodeo on May 04, 2017, 10:02:12 PM

I think still hard dollar is the strongest currency now, they controlled almost 70% of the world economy, foreign exchange all countries a lot in store in the dollar that it took a long time to defeat the dollar.

Correct even bitcoin would have huge value and more popular this could be still an option and not to be a primary currency to used by many people in this world.
Fiat will remains as fiat and never been replace by digital currency which can only used in online transactions.

Hotel_Prodeo

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I think still hard dollar is the strongest currency now, they controlled almost 70% of the world economy, foreign exchange all countries a lot in store in the dollar that it took a long time to defeat the dollar.

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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'm a positive Bitcoin believer that someday it will become the new world currency and if that happens, or any currency will no
longer be useful at all isn't? But I in our time now I cannot say it will be happen, because it is still dollar the number one currency in the entire world now.

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Quote from: Nagadota on April 16, 2017, 03:48:22 PM

Quote from: Wa(t)ch_night() on April 16, 2017, 11:45:29 AM

Quote from: xSkylarx on April 16, 2017, 12:46:29 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?

No it can't be. Dollar is very powerful and yet they will just let it? And in terms of legality and uses then dollar is on the upper hand. Bitcoin can be used like dolars but as we know Bitcoin has no concrete form which is one of the reasons why it cannot defeat dollars with many more reasons.

Absence of physical form does not matter. The dollar also has a digital form, but it does not lose popularity because of this. The reason is different. Bitcoin will not replace the dollar for the reason that the government will not allow it

The reason that the dollar's digital form is used is because its cash form was already used and people like to spend things which are legal tender and will be accepted in most places. That can change, but a physical form of cash will always be used for convenient transactions with people in real life rather than on the Internet, and that's why the US dollar will never be replaced by Bitcoin, just accompanied by it.

Yes that's why until now I'm still confused with the people who expect us dollar will be replaced by bitcoin even their local currency can not be replaced by bitcoin even though many online transactions are made at this time.

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