Do You Think Bitcoin Will Replace Dollar Soon? - page 157.

angaper

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Quote from: BingoDog on January 29, 2017, 01:09:14 PM

I don't think that it's possible for bitcoins to replace dollar or in fact any fiat currency. This would break the whole world financial system and simply I don't think that is possible. Bitcoin can and will become more accepted and more equal to fiat but to replace one of the world's biggest and strongest currency it's not the possible scenario.

I would not be so sure about it. When a technological breakthrough like cellular telephony arose no one though that such an exotic gadget would be in the hands of the whole world 30 years later, displacing the traditional telephone. So I think it is only a matter of time, maybe another 30 years to see an economic reality that we can not even imagine, where bitcoin can play a predominant role.

BingoDog

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I don't think that it's possible for bitcoins to replace dollar or in fact any fiat currency. This would break the whole world financial system and simply I don't think that is possible. Bitcoin can and will become more accepted and more equal to fiat but to replace one of the world's biggest and strongest currency it's not the possible scenario.

bitbob82

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Quote from: Tanic on January 29, 2017, 07:53:12 AM

Quote from: delliaerd on January 29, 2017, 07:06:02 AM

Quote from: dearbesz1219 on January 29, 2017, 06:35:42 AM

Quote from: Huobi-USD on July 29, 2015, 02:13:36 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?

Its his/her free will to believe in, But in the end, no one can tell what will happen after next 15 years. And besides, not all news are true. But I can't deny they have big influence to convince people.

Dollars so strong nowadays and very popular. But i don't know if bitcoin will replace dollars 15 years later.
You should aware that every currency has different features, advantage, form and purposes. So if Bitcoin can replace dollars then only in some aspects not in the overall replace dollars

I think the replacement will never happen. Bitcoin is limited by 21 millions and that fact may turn in something bad to bitcoin in the long run. Just some of people will have it, those who collected the most number of it. But dollar is printed nonstop and it's going be enough for every human on the world.

in fact no one know about the future but i think currency it is not possible. as USD is one of the most strongest currency of the world therefore it is not so easy to beat bitcoin by any currency. may be in future when all the people of the world start using bitcoin then it may happen, but still its not gong to happen in near future.

Tanic

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Quote from: delliaerd on January 29, 2017, 07:06:02 AM

Quote from: dearbesz1219 on January 29, 2017, 06:35:42 AM

Quote from: Huobi-USD on July 29, 2015, 02:13:36 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?

Its his/her free will to believe in, But in the end, no one can tell what will happen after next 15 years. And besides, not all news are true. But I can't deny they have big influence to convince people.

Dollars so strong nowadays and very popular. But i don't know if bitcoin will replace dollars 15 years later.
You should aware that every currency has different features, advantage, form and purposes. So if Bitcoin can replace dollars then only in some aspects not in the overall replace dollars

I think the replacement will never happen. Bitcoin is limited by 21 millions and that fact may turn in something bad to bitcoin in the long run. Just some of people will have it, those who collected the most number of it. But dollar is printed nonstop and it's going be enough for every human on the world.

Vikingr

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Quote from: delliaerd on January 29, 2017, 07:06:02 AM

Quote from: dearbesz1219 on January 29, 2017, 06:35:42 AM

Quote from: Huobi-USD on July 29, 2015, 02:13:36 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?

Its his/her free will to believe in, But in the end, no one can tell what will happen after next 15 years. And besides, not all news are true. But I can't deny they have big influence to convince people.

Dollars so strong nowadays and very popular. But i don't know if bitcoin will replace dollars 15 years later.
You should aware that every currency has different features, advantage, form and purposes. So if Bitcoin can replace dollars then only in some aspects not in the overall replace dollars

From the current grip of dollar in the international market it looks like there is nothing which will ever replace bitcoin any time but if we look at the position of dollar on online business like on some freelancer sites, gambling sites and some other companies then we can say that yes bitcoin have the ability to replace bitcoin as everyone know on online market dollar was having the same power as now on international market but now is mostly replaced by bitcoin.

delliaerd

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Quote from: dearbesz1219 on January 29, 2017, 06:35:42 AM

Quote from: Huobi-USD on July 29, 2015, 02:13:36 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?

Its his/her free will to believe in, But in the end, no one can tell what will happen after next 15 years. And besides, not all news are true. But I can't deny they have big influence to convince people.

Dollars so strong nowadays and very popular. But i don't know if bitcoin will replace dollars 15 years later.
You should aware that every currency has different features, advantage, form and purposes. So if Bitcoin can replace dollars then only in some aspects not in the overall replace dollars

dearbesz1219

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Quote from: Huobi-USD on July 29, 2015, 02:13:36 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?

Its his/her free will to believe in, But in the end, no one can tell what will happen after next 15 years. And besides, not all news are true. But I can't deny they have big influence to convince people.

bitbob82

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Quote from: GoodLuck2 on January 25, 2017, 12:43:53 PM

i hope so that bitcoin will replace dollar sooner because bitcoin adoption increasing day by day too much faster and you can that maximum business company are also adopting the bitcoin for their business and we can say that bitcoin is getting more popularity in all whole world .

i think its not possible as u r saying it must take some time bitcoin will get popularity but with the passage of time i think so, because many people are strangers in using bitcoin they are using bitcoin just as a currncy

boyptc

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Quote from: Maslate on January 25, 2017, 11:52:14 PM

Quote from: boyptc on January 25, 2017, 10:55:19 PM

Quote from: mundang on January 25, 2017, 06:35:23 PM

Cant imagine that we are using bitcoin in our everyday life instead of dollars. We already live on fiat and theres no possibility that bitcoin can replace dollars. However bitcoin is so strong but not enough to replace dollars.

Bitcoin is strong and good as a crpyto currency but it will always be different with dollars or any fiat. That's why I'm sure that it can't replace any fiat. Even a small country or poor country is not going to gamble itself with a decentralized cryptocurrency because they can be just out of funds as bitcoin is limited for its supply.

The trust simply shows that all part of the world are using fiat while only 1% of the total world population are using bitcoin, that estimated data has a very big difference and you know it is not possible for bitcoin to replace dollar. It will be strong in the crypto world only but cannot compete and be recognize by the majority in the real world.

I don't even know if we are already 1% of this world who are using crypto currencies in total. Bitcoin can be recognize by the whole world but still that is not enough to make a rival against dollar which is the most powerful currency of all time that has been with so many wars just to proclaim their own currency.

Liang_Kubur

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I think not, eyes uanga dollar is the strongest currency in the world and is not likely replaceable for the near future (less than 100 years). If it could replace the dollar will certainly give rise to a vast economic problems.

gabmen

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Quote from: lordquanta on January 27, 2017, 02:21:48 AM

Quote from: Maslate on January 25, 2017, 11:52:14 PM

Quote from: boyptc on January 25, 2017, 10:55:19 PM

Quote from: mundang on January 25, 2017, 06:35:23 PM

Cant imagine that we are using bitcoin in our everyday life instead of dollars. We already live on fiat and theres no possibility that bitcoin can replace dollars. However bitcoin is so strong but not enough to replace dollars.

Bitcoin is strong and good as a crpyto currency but it will always be different with dollars or any fiat. That's why I'm sure that it can't replace any fiat. Even a small country or poor country is not going to gamble itself with a decentralized cryptocurrency because they can be just out of funds as bitcoin is limited for its supply.

The trust simply shows that all part of the world are using fiat while only 1% of the total world population are using bitcoin, that estimated data has a very big difference and you know it is not possible for bitcoin to replace dollar. It will be strong in the crypto world only but cannot compete and be recognize by the majority in the real world.

Exactly, replacing a dollar is a long shot. But yes bitcoin has capacity to be a better alternative than Dollar while transferring money inter-country or intra-country at lowest cost.
Many banks are experimenting with the Blockchain technology and would use it for their benefit as well.

And i think that's how it should be in the first place. I cant see the logic in replacing one currency with another because as you've said, bitcoin can very well support fiat use and it will make people's lives a lot easier if they can use both. With the technology bitcoin requires, it would be hard to use it for everyday necessities but it's a lot easier for online transactions so why nit maximize the use for both

lordquanta

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Quote from: Maslate on January 25, 2017, 11:52:14 PM

Quote from: boyptc on January 25, 2017, 10:55:19 PM

Quote from: mundang on January 25, 2017, 06:35:23 PM

Cant imagine that we are using bitcoin in our everyday life instead of dollars. We already live on fiat and theres no possibility that bitcoin can replace dollars. However bitcoin is so strong but not enough to replace dollars.

Bitcoin is strong and good as a crpyto currency but it will always be different with dollars or any fiat. That's why I'm sure that it can't replace any fiat. Even a small country or poor country is not going to gamble itself with a decentralized cryptocurrency because they can be just out of funds as bitcoin is limited for its supply.

The trust simply shows that all part of the world are using fiat while only 1% of the total world population are using bitcoin, that estimated data has a very big difference and you know it is not possible for bitcoin to replace dollar. It will be strong in the crypto world only but cannot compete and be recognize by the majority in the real world.

Exactly, replacing a dollar is a long shot. But yes bitcoin has capacity to be a better alternative than Dollar while transferring money inter-country or intra-country at lowest cost.
Many banks are experimenting with the Blockchain technology and would use it for their benefit as well.

Maslate

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Quote from: boyptc on January 25, 2017, 10:55:19 PM

Quote from: mundang on January 25, 2017, 06:35:23 PM

Cant imagine that we are using bitcoin in our everyday life instead of dollars. We already live on fiat and theres no possibility that bitcoin can replace dollars. However bitcoin is so strong but not enough to replace dollars.

Bitcoin is strong and good as a crpyto currency but it will always be different with dollars or any fiat. That's why I'm sure that it can't replace any fiat. Even a small country or poor country is not going to gamble itself with a decentralized cryptocurrency because they can be just out of funds as bitcoin is limited for its supply.

The trust simply shows that all part of the world are using fiat while only 1% of the total world population are using bitcoin, that estimated data has a very big difference and you know it is not possible for bitcoin to replace dollar. It will be strong in the crypto world only but cannot compete and be recognize by the majority in the real world.

boyptc

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Quote from: mundang on January 25, 2017, 06:35:23 PM

Cant imagine that we are using bitcoin in our everyday life instead of dollars. We already live on fiat and theres no possibility that bitcoin can replace dollars. However bitcoin is so strong but not enough to replace dollars.

Bitcoin is strong and good as a crpyto currency but it will always be different with dollars or any fiat. That's why I'm sure that it can't replace any fiat. Even a small country or poor country is not going to gamble itself with a decentralized cryptocurrency because they can be just out of funds as bitcoin is limited for its supply.

Tanic

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Quote from: GoodLuck2 on January 25, 2017, 12:43:53 PM

i hope so that bitcoin will replace dollar sooner because bitcoin adoption increasing day by day too much faster and you can that maximum business company are also adopting the bitcoin for their business and we can say that bitcoin is getting more popularity in all whole world .

I doubt that the replacement will happen soon or will ever happen. Dollar is strong now and every human knows it. And how many people know about bitcoin? Not more than 10% for sure.

mundang

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Cant imagine that we are using bitcoin in our everyday life instead of dollars. We already live on fiat and theres no possibility that bitcoin can replace dollars. However bitcoin is so strong but not enough to replace dollars.

nicolecan13

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No, I don't think dollar would be replaced soon because in fiat currency; dollar is very popular and if fact most of currencies depends on it specially in exported products which exchanges sales through dollar rates with other country currencies. There is nothing to do with crypto currency about dollar fiat currency because both of them has its own advantages and disadvantages, although more people also depends with but; they just make btc as an alternative source of digital currency into fiat money currency.

BeGoods

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Quote from: GoodLuck2 on January 25, 2017, 12:43:53 PM

i hope so that bitcoin will replace dollar sooner because bitcoin adoption increasing day by day too much faster and you can that maximum business company are also adopting the bitcoin for their business and we can say that bitcoin is getting more popularity in all whole world .

yeah I know bitcoin users are growing every day and week, but I do not think it will make bitcoin replace the dollars, I might be more amenable to bitcoin could be one of the global currency, in addition to replace dollars

thephill97

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Quote from: sotirispngt on January 25, 2017, 04:51:33 PM

It will never gonna happen.
The government won't be able to control transactions.

That`s correct !

sotirispngt

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It will never gonna happen.
The government won't be able to control transactions.

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