Topic: Do You Think Bitcoin Will Replace Dollar Soon? - page 15. (Read 417177 times)
I don't think so. Bitcoin will never beat any fiat money system a mode of payment. Yes, bitcoin have some potential being a good payment system but it is not possible to replace fiat money. The flexibility of fiat money and its characteristic of being stable which is a better choice of money. It is not good to have a payment of its being unstable.
It'll take a long way, and the probabilty that it can happen is very low. Since dollars have been circulating for quite some time, plus the value of dollar has also become the basis of other currencies in order to see whether the economy of a certain country is becoming better or the other way around.
To replace the dollar which is the world's strongest currency would require extraordinary things, maybe if bitcoin marketcap reaches $100,000,000,000 trillion will be able to replace the dollar, but unfortunately marketcap is still $ 220 billion.
Well, for me I think it is possible and has a big chance, maybe in 10 years from now BitCoin will replace $ dollar soon on the future. 
I think, if bitcoin will have such progress in the future, it will place on the same level as dollar. But I dont know directly. Maybe this is a great bubble.
it is not possible if Bitcoin is soon replacing the dollar gan in because bitcoin is not known thoroughly in every part of this world and also the dollar is a guide of all eyes uamg existing in other countries, and again this dollar is very decisive world economy.
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
In the future we dont need a paper money because of the technolgy the people will become technology literate and they will use btc as a main currency because when you convert btc in different currency the price are not affect its stable.
Do you think it will be true? Are you positive towards bitcoin's future status?
Read the following news:
http://cointelegraph.com/news/114983/coinbase-ceo-bitcoin-will-replace-dollar-within-15-years
In the future we dont need a paper money because of the technolgy the people will become technology literate and they will use btc as a main currency because when you convert btc in different currency the price are not affect its stable.
Do you think it will be true? Are you positive towards bitcoin's future status?
Short answer no, because Bitcoin has a couple of serious technical limitations.
Bitcoin can be a great store of value, because it exists a finite amount of Bitcoin, and the underlying technology is very secure. But in its current state Bitcoin is very expensive to transfer from one wallet to another if we are talking about small transactions.
Bitcoin can be a great store of value, because it exists a finite amount of Bitcoin, and the underlying technology is very secure. But in its current state Bitcoin is very expensive to transfer from one wallet to another if we are talking about small transactions.
It can be id more more people in the.world ttrust to btc.
I don't think "soon" but I do think after 15 years or so it is a definite possibility. "soon" i guess is a relative term.
In the next few years, I do not think Bitcoin will replace the dollar because of various reasons; we can see that Bitcoin is very volatile in the market and many countries in the world have not accepted. For Bitcoin to work on the market, it's hard to change a dollar, but it will still be worth it now. The answer is no. Its only a virtual currency. It cant become universally accepted currency. There are certain limitations of cyrpto currencies.
So bitcoin and other crypto currencies won’t neuter central banks, and they won’t make fiat currency go away. But they are already changing the financial world in other important ways. Initial coin offerings are allowing companies to raise money with less of a regulatory burden.
So bitcoin and other crypto currencies won’t neuter central banks, and they won’t make fiat currency go away. But they are already changing the financial world in other important ways. Initial coin offerings are allowing companies to raise money with less of a regulatory burden.
USD won't be replaced by BTC, I think. And this is not needed as well. Bitcoin's solely objective is not replacing USD. Its objective is disrupting the conservative economic system.
I'm not sure about that Bitcoin will not replace the dollar in any way and for any reason.dollar is the currency of Fiat is currently a benchmark for currencies around the world,while Bitcoin is a type of digital currency that its legality has not been accepted completely by the state of the world
Therefore are you still convinced that Bitcoin will replace the dollar while its permit or legality is not comprehensive yet?
Therefore are you still convinced that Bitcoin will replace the dollar while its permit or legality is not comprehensive yet?
The answer is no. Its only a virtual currency. It cant become universally accepted currency. There are certain limitations of cyrpto currencies.
So bitcoin and other crypto currencies won’t neuter central banks, and they won’t make fiat currency go away. But they are already changing the financial world in other important ways. Initial coin offerings are allowing companies to raise money with less of a regulatory burden.
So bitcoin and other crypto currencies won’t neuter central banks, and they won’t make fiat currency go away. But they are already changing the financial world in other important ways. Initial coin offerings are allowing companies to raise money with less of a regulatory burden.
I dont think so.. With 1,398 different cryptocurrencies listed on CoinMarketCap and new ones cropping up each day its so hard to imagine someday Bitcoin will replace dollar, currencies such as Bitcoin are not incompatible with lending/crediting.
An analyst once said that "Cryptocurrencies will never be credible competitors because the barrier to entry is so low". He also explained that cryptocurrencies are not immune to inflation, despite the claims by many early adopters that they are immune. Many people would stick with the dollar. The supply of bitcoin is finite. For that reason, bitcoin evangelists have said the cryptocurrency isn't subject to inflation like the US$ .
An analyst once said that "Cryptocurrencies will never be credible competitors because the barrier to entry is so low". He also explained that cryptocurrencies are not immune to inflation, despite the claims by many early adopters that they are immune. Many people would stick with the dollar. The supply of bitcoin is finite. For that reason, bitcoin evangelists have said the cryptocurrency isn't subject to inflation like the US$ .
the US dollar currency is like interest so it seems difficult to be replaced by bitcoin because the economy of the United States is very strong
I dont think that bitcoin will replace dollar soon, why? Because bitcoin is a cryptocurrency and for me it will never replace dollar because a lot of people is needed dollar over bitcoin and dollar is exisiting in this world for many years so it can not replace.by the government and if they cannot control bitcoin or bitcoin replace their own currency, they will simply ban bitcoin.
BTC has really good chances to do so. But scalability issue has to be solved first.
It could be, why not. There is a possibility given that these coins worked as if it is a real currency. And now a days almost all establishment are connected through internet except for those who lived in a very far and remote area. But for cities internet is not a problem. A connection can be established through block chain immediately. But for now it might not be implemented yet. It's hard to predict when but I think it will eventually.
I think the bitcoin is very popular and due to this the bitcoin will replace the dollar soon in this year it is good to use bitcoin for online payments In this time bitcoin is using at a high rate then before and if we look at the history of this currency one thing come closure to us that is the bitcoin popularity. If the bitcoin usage is going at this rate the time will come when the bitcoin will replace dollar soon.
the US dollar currency is like interest so it seems difficult to be replaced by bitcoin because the economy of the United States is very strong
I dont think that bitcoin will replace dollar soon, why? Because bitcoin is a cryptocurrency and for me it will never replace dollar because a lot of people is needed dollar over bitcoin and dollar is exisiting in this world for many years so it can not replace.by the government and if they cannot control bitcoin or bitcoin replace their own currency, they will simply ban bitcoin.
the US dollar currency is like interest so it seems difficult to be replaced by bitcoin because the economy of the United States is very strong
I dont think that bitcoin will replace dollar soon, why? Because bitcoin is a cryptocurrency and for me it will never replace dollar because a lot of people is needed dollar over bitcoin and dollar is exisiting in this world for many years so it can not replace. Jump to: