Topic: Do You Think Bitcoin Will Replace Dollar Soon? - page 160. (Read 417177 times)
No i dont think that bitcoin will be replaced by fiat anyhow .as fiat s value is even much more popular and bitcoin will never ever fullfill the global population .and there s only a limit of only 21 million which in my sense is pretty less in the sense.
Nah this is not possible, the bitcoin is in fact on a good way but the dollar is still way bigger and the bitcoin also need it so for this time it will not happen, maybe in the far future.
but sometime i think bitcoin can be replace dollar soon because bitcoin adopting is increasing too much faster than dollar around the world a lot of people investing their money in bitcoin and bitcoin is very much useful currency.Yup, indeed at first everyone using the dollar as a place to invest or safeguard their money from shifting or a decrease in the price of the currency of the country they came from. But for now most who've known them migrated more and bitcoin started to give a good effect to everyone using bitcoin. The dollar is indeed better, however if seen from all points of view then bitcoin is much better than all the stuff that is in dollars. And you're absolutely right, that growth will be high bitcoin
Nah this is not possible, the bitcoin is in fact on a good way but the dollar is still way bigger and the bitcoin also need it so for this time it will not happen, maybe in the far future.
but sometime i think bitcoin can be replace dollar soon because bitcoin adopting is increasing too much faster than dollar around the world a lot of people investing their money in bitcoin and bitcoin is very much useful currency.Yup, indeed at first everyone using the dollar as a place to invest or safeguard their money from shifting or a decrease in the price of the currency of the country they came from. But for now most who've known them migrated more and bitcoin started to give a good effect to everyone using bitcoin. The dollar is indeed better, however if seen from all points of view then bitcoin is much better than all the stuff that is in dollars. And you're absolutely right, that growth will be high bitcoin
Nah this is not possible, the bitcoin is in fact on a good way but the dollar is still way bigger and the bitcoin also need it so for this time it will not happen, maybe in the far future.
but sometime i think bitcoin can be replace dollar soon because bitcoin adopting is increasing too much faster than dollar around the world a lot of people investing their money in bitcoin and bitcoin is very much useful currency.Yup, indeed at first everyone using the dollar as a place to invest or safeguard their money from shifting or a decrease in the price of the currency of the country they came from. But for now most who've known them migrated more and bitcoin started to give a good effect to everyone using bitcoin. The dollar is indeed better, however if seen from all points of view then bitcoin is much better than all the stuff that is in dollars. And you're absolutely right, that growth will be high bitcoin
Nah this is not possible, the bitcoin is in fact on a good way but the dollar is still way bigger and the bitcoin also need it so for this time it will not happen, maybe in the far future.
but sometime i think bitcoin can be replace dollar soon because bitcoin adopting is increasing too much faster than dollar around the world a lot of people investing their money in bitcoin and bitcoin is very much useful currency.
Nah this is not possible, the bitcoin is in fact on a good way but the dollar is still way bigger and the bitcoin also need it so for this time it will not happen, maybe in the far future.
but sometime i think bitcoin can be replace dollar soon because bitcoin adopting is increasing too much faster than dollar around the world a lot of people investing their money in bitcoin and bitcoin is very much useful currency.I am sure that this will not happen. Yes, people like Bitcoin, but the government does not like. That is why the government will not allow Bitcoin replace the dollar
Nah this is not possible, the bitcoin is in fact on a good way but the dollar is still way bigger and the bitcoin also need it so for this time it will not happen, maybe in the far future.
but sometime i think bitcoin can be replace dollar soon because bitcoin adopting is increasing too much faster than dollar around the world a lot of people investing their money in bitcoin and bitcoin is very much useful currency. Nah this is not possible, the bitcoin is in fact on a good way but the dollar is still way bigger and the bitcoin also need it so for this time it will not happen, maybe in the far future.
When countries are tired of reproducing their paper money and metal coins, I'm sure that it will come, but I doubt it if they will replace it with bitcoin. Maybe they will just copy bitcoin and run it under their control it will be a digital form of their currency. Bitcoin would just dominate other currencies if someone with great influence uses it and introduce it to the public.
Nah this is not possible, the bitcoin is in fact on a good way but the dollar is still way bigger and the bitcoin also need it so for this time it will not happen, maybe in the far future.
When countries are tired of reproducing their paper money and metal coins, I'm sure that it will come, but I doubt it if they will replace it with bitcoin. Maybe they will just copy bitcoin and run it under their control it will be a digital form of their currency. Bitcoin would just dominate other currencies if someone with great influence uses it and introduce it to the public.
Bitcoin doesn't kill the income tax any more than fiat does. If people are being paid their wages in Bitcoin, the same requirements for withholding still apply to the employer and the individual. It's no easier to get around hem with Bitcoin than it would be to pay with cash off the books, so Bitcoin doesn't make income tax less likely than cash does.
This question depends on what definition of the dollar is being considered. If the definition of a US dollar is defined as the actual tender that is used as the medium of exchange, then it is possible that the dollar be replaced by bitcoin. However, keep in mind that most of the transactions that take place in USD are already transmitted in digital form. I think that when we are considering the US dollar, we are implicitly considering the fractional reserve banking system that controls it's value which changes the original question significantly. Powerful people are in control of the worlds banking systems....If the world's banking systems are to be replaced, they will be replaced gradually, and wont be replaced anytime soon
Could you explain in detail what you mean?
As far as I'm familiar with the fractional reserve system, the only way in which it can be used to control the value of the US dollar is through reserve requirements. They set the minimum amount of cash that should be held by a commercial bank itself in its vaults or at the central bank (Fed in this case) to cover possible withdrawals by the clients. But since today money is mostly digital, these requirements play insignificant role. I guess by FRB you actually meant fiat money itself and how it is created by the banks, but that has basically nothing to do with the FRB as such
Interest rates as well. When the fed is raising rates, it increases the money banks have to pay to the fed, thereby taking money out of circulation. This will also affect the value of the dollar.
Nah this is not possible, the bitcoin is in fact on a good way but the dollar is still way bigger and the bitcoin also need it so for this time it will not happen, maybe in the far future.
When countries are tired of reproducing their paper money and metal coins, I'm sure that it will come, but I doubt it if they will replace it with bitcoin. Maybe they will just copy bitcoin and run it under their control it will be a digital form of their currency. Bitcoin would just dominate other currencies if someone with great influence uses it and introduce it to the public.
Bitcoin isn't going to replace the currency of a country, but bitcoin will become a universal currency for the entire world, in Europe we are already familiar with the euro as a currency, I believe bitcoin will be greater than that.
Wrong if we think cryptocurrency and physical currencies will not collide. If cryptocurrency market received more attention, and majority of people in the world are familiar with bitcoin, then the global economy will change. This will not happen in the near future, only a third world war which could make it faster.
Wrong if we think cryptocurrency and physical currencies will not collide. If cryptocurrency market received more attention, and majority of people in the world are familiar with bitcoin, then the global economy will change. This will not happen in the near future, only a third world war which could make it faster.
That is very impossible that bitcoin will replace dollar because people doesn't want to change the currency system of a country.
I will believe if gold will be the next currency and if the government will implement again the ancient times of law.
But with bitcoin, I really don't think it will happen.
I agree that bitcoins will at some point or generations to come be accepted by all but I don't think it will then be replacing the USD alone but the entire world currencies will be supplanted with bitcoins as it gains that global acceptance. There are a lot of features bitcoins possess that fiat don't have have at the moment but the problem with bitcoins is that it is currently known and used by a few people so if it gets to the point that the whole world wakes up to bitcoins that's when bitcoins will be further developed to meet the features that it doesn't presently have but fiat currencies have.
I don't think Bitcoin will ever replace the dollar or euro. One of the facts is that it's price is very volatile. But I do think that it will become mainstream one day. 
it will become mainstream one day
Nah this is not possible, the bitcoin is in fact on a good way but the dollar is still way bigger and the bitcoin also need it so for this time it will not happen, maybe in the far future.
I am agree. Bitcoin is too strong currency to be replaced by low number of people known bitcoin. Everything that I can suppose is that one day bitcoin will be same known and everywhere accepted as dollar.
They walk alone by itself, with the respective system, will not be replaced. Even Dollar and Bitcoin will need each other instead of replacing one with the other.
So it's not going to happen, they would walk on their own with the respective system and their mutual support and mutual need between one another.
I don't think dollar will need bitcoin at all. Bitcoin needs dollar (fiat) because without the dollar, we don't know the value of bitcoins unless people start selling things online with fixed bitcoin value. It's quite pointless to have a lot of bitcoins when you can't actually spend it to buy things that you want in the real world. You have to change your bitcoins into dollars first before you spend it so bitcoins need dollar. Dollar on the other hand doesn't have to be converted into bitcoins first before you can use it online. Not unless if the shop only accepts bitcoin which we don't have much at the moment. So it's not going to happen, they would walk on their own with the respective system and their mutual support and mutual need between one another.
They walk alone by itself, with the respective system, will not be replaced. Even Dollar and Bitcoin will need each other instead of replacing one with the other.
So it's not going to happen, they would walk on their own with the respective system and their mutual support and mutual need between one another.
So it's not going to happen, they would walk on their own with the respective system and their mutual support and mutual need between one another.
Never, but damn the price of Bitcoin looking good. Breaking 900 some places as of late. We haven't seen this type of price in years.
Yeah and the rate it goes up is pretty quick. And i agree with you dude it may never replace the dollar but definitely people who use bitcoin would be getting a whole lot of benefits especially if the price hikes a bit more. Seems we' re in for a good 2017
This question depends on what definition of the dollar is being considered. If the definition of a US dollar is defined as the actual tender that is used as the medium of exchange, then it is possible that the dollar be replaced by bitcoin. However, keep in mind that most of the transactions that take place in USD are already transmitted in digital form. I think that when we are considering the US dollar, we are implicitly considering the fractional reserve banking system that controls it's value which changes the original question significantly. Powerful people are in control of the worlds banking systems....If the world's banking systems are to be replaced, they will be replaced gradually, and wont be replaced anytime soon
Could you explain in detail what you mean?
As far as I'm familiar with the fractional reserve system, the only way in which it can be used to control the value of the US dollar is through reserve requirements. They set the minimum amount of cash that should be held by a commercial bank itself in its vaults or at the central bank (Fed in this case) to cover possible withdrawals by the clients. But since today money is mostly digital, these requirements play insignificant role. I guess by FRB you actually meant fiat money itself and how it is created by the banks, but that has basically nothing to do with the FRB as such
Debt....The US dollar is backed by debt. Most real property possession is based upon future abilities to pay which in turn is translated into real time purchasing power through the mechanisms implemented by the Federal Reserve Banking System. It would not be practical to replace that debt with bitcoin....Now, the liquid portion of USD could be translated into bitcoin, but the other portion of USD associated with debt would not translate from the Federal Reserve's implicitly "cooked" ledger to bitcoin's explicitly published ledger without severely debilitating the global economy.
This question depends on what definition of the dollar is being considered. If the definition of a US dollar is defined as the actual tender that is used as the medium of exchange, then it is possible that the dollar be replaced by bitcoin. However, keep in mind that most of the transactions that take place in USD are already transmitted in digital form. I think that when we are considering the US dollar, we are implicitly considering the fractional reserve banking system that controls it's value which changes the original question significantly. Powerful people are in control of the worlds banking systems....If the world's banking systems are to be replaced, they will be replaced gradually, and wont be replaced anytime soon
Could you explain in detail what you mean?
As far as I'm familiar with the fractional reserve system, the only way in which it can be used to control the value of the US dollar is through reserve requirements. They set the minimum amount of cash that should be held by a commercial bank itself in its vaults or at the central bank (Fed in this case) to cover possible withdrawals by the clients. But since today money is mostly digital, these requirements play insignificant role. I guess by FRB you actually meant fiat money itself and how it is created by the banks, but that has basically nothing to do with the FRB as such
Never, but damn the price of Bitcoin looking good. Breaking 900 some places as of late. We haven't seen this type of price in years.
For sure we'll hit $1,000 with the rate it is moving, dollar will always be there and I guess what is happening with bitcoin right now would mean that some currencies are weakening it's value, bitcoin is going to move upwards as people are supporting it but it's only good for an investment. Jump to: