Do You Think Bitcoin Will Replace Dollar Soon? - page 18.

slapper

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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?

I don't think it will be true. The first point is, in 15 years, the world can't replace all the things that needs traditional money by "Bitcoin accepted here", the way to do it is really far and impossible to be done in just 15 years. The second point is, if the governments want to replace traditional money by a kind of "digital money", it won't be bitcoin because they cannot control bitcoin so that they don't want to use bitcoin as their main currency for sure.

Bedebah

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I think this is a difficult thing to achieve right now, we all know that the dollar is the main currency for transactions in the world, and if bitcoin replaces the dollar then many things are not ready and certainly change in a short time.

kirisakidaichi

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dollarr and bitcoin will not be irreplaceable both equally important for now. most likely if the future btc enthusiasts getting bigger could be the name of the dollar will be replaced but not for the function

Hopeful2017

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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?

Bitcoin will not take over the role of dollar internationally. Dollar will still remain a currency which is globally accepted one. Bitcoin will also remain in the crypto world. Bitcoin will function as the crypto currency. They have separate and different functions in the world. One is in the physical world while the other is in the digitak world.

ronics

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I have no idea about bitcoin that can really replace the dollar or euro .should be noted that the price I very volatile .it for me this one goes to mainstream someday and if you can see from another angle in bitcoin will be rwplces everyone online business still initially accepts the bitcoin for a single transaction everyone needs yo be able to convert it to the dollar .it important and always pray that selling may always rise in the market it is also good for exchange the dollar and yet the government is now constantly running to control things .so we need to replace a dollar on bitcoin we need to hold over based on a volatile things.

NH

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bitcoin cant replace dollar or the other reguler money. bitcoin or other crypto just can replace the other coin. if it happen, so we have unstable value. so, no need to cash because bitcoin replace it. its difficult to determine of the other coin price.
not all people know about bitcoin, and all people know about gold. why not choose gold to replace dollar?

joms07

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Bitcoin technology places a limit on the amount of transactions that can be handled, which means it can not replace the dollar. Maybe some other digital coin in the near future can.

trickyriky

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Quote from: t2yax on February 03, 2018, 10:15:16 AM

We cannot predict what will happen in bitcoin after a few years. We see that bitcoin value is so volatile, we see how the graph of bitcoin value go to its peak, and go down so fast. We cannot predict if bitcoin can replace dollar soon.

It seems to me I can predict some moments of it. LOL. I make this predictions: Bitcoin will never replace dollar or Euro, it may just co-exist with it.

piterpie

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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?

To replace the dollar is difficult because it has been a stable currency and has been adopted by many nations as the international currency. In my state, 1 dola is quite expensive to change it. A specific amount of Bitcoin must rise to surpass the dollar

LETme

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Not a chance, for me bitcoin is not going to replace dollar because bitcoin price is not stabled the volatility is too high and besides not all the people know the existence of bitcoin so it is impossible to replace dollar. Ideally bitcoin is another type of currency and another way of mode of payment.

Sendibere

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My answer is no. This is impossible to obtain sovereign protection of the heterogeneous, which itself has a fatal flaw, such as payment efficiency problems and even become a Ponzi scheme, the competition between the miners and monopolies also threaten the market order of Bitcoin.

Abiky

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Quote from: t2yax on February 03, 2018, 10:15:16 AM

We cannot predict what will happen in bitcoin after a few years. We see that bitcoin value is so volatile, we see how the graph of bitcoin value go to its peak, and go down so fast. We cannot predict if bitcoin can replace dollar soon.

Exactly. At current price movements, it's nearly impossible to determine whenever Bitcoin could replace the dollar or not. The high volatility it has, kills its purpose for being used as an everyday currency. Not to mention, its high fees and slow transactions makes its dream of becoming a mainstream currency far from becoming a reality. In this sense, Bitcoin may never replace the dollar as it has the issues mentioned previously, and most of all, it is a decentralized currency which threatens current banks' financial system.

Nevertheless, if Bitcoin becomes improved over time making it capable of handling large transaction load, then there could exist a possibility of replacing the dollar soon. A currency such as Bitcoin will allow nearly anyone in the world to use it within any region without restrictions. Only time will tell if this happens in the future or not. Just my thoughts Grin

Gregoryxl

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I do not want to insure anything for now, but so far it has become an asset with the ease of competing against the dollar in the world order. Although if we take into account the advantages and disadvantages, bitcoin still needs a lot to be an official currency like the dollar, mainly the approval of the big governments.

Tungsten-1

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Quote from: Tsugihara on February 03, 2018, 09:50:44 AM

I do not think it will happen, because bitcoin is virtual money and bitcoin is also illegal, so it will not replace the dollar. maybe up to 500 years also will not happen.

Did you say 500 years? How can you claim that bitcoin is illegal? As far as I know bitcoin is legal and different super markets in different countries have started accepting it in the real value against the items to be sold. Yes I admit that no country has done the legislation on this but that does not mean it is illegal. Its just a matter of time that super powers will start legislation on this to control ins and outs.

trickyriky

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Quote from: Whitly on February 02, 2018, 05:10:22 PM

No, I don't even think, that it will happen in next 50 years, government won't let it happen, because bitcoin will kill something, what they were building last years. Even, if don't think about government, bitcoin is not perfect model what can replace dollar and needed years to integrate bitcoin. So, I more than sure , that government will create something own, maybe same to bitcoin, but with with control levers.

I agree with you. It will never happen. Dollar and Euro, some other fiat money can be not replaced with virtual cryptocurrency.

Wewe Gombel

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Quote from: Blackmet on February 04, 2018, 12:16:59 PM

It will never happen man... Can you imagine how your granny using bitcoin ? Grin

I think that you can't because when you want to change something you should care about everyone.

Yes, it is not easy to make even force everyone to use bitcoin, of course there will be disagreement if they do not like bitcoin, let alone until now bitcoin not yet widely known.

sajjad100

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Coin Hunter

I don't think that will happen. The possibility is very low. It will happen if there is some kind of revolution happens. There is very doubtfulness how govt will accept this term. It may be as far as a sub currency, but it will never be able to replace the dollar. Right now the dollar is the international currency and it will remain so. On the other hand, bitcoin is not legal in some country. So there are no clear hints, how that is possible!

Blackmet

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It will never happen man... Can you imagine how your granny using bitcoin ? Grin

I think that you can't because when you want to change something you should care about everyone.

Magister Magus

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We tend to forget that words as "crypto", "ICO", "blockchain", "Qrcode" are trivial for us, but for the 99% of the population are really... cryptic! :-)
Think about how difficult is still today to pay with credit card, in some places.
And how many years it took before their general acceptance.
So, even in the case of rising popularity of the bitcoin, there is no way it will replace dollar, at least not in the next decades.

jlaw007

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Cash is the norm, a lot of people are not even aware of bitcoin, some don't even have bank accounts, some don't even have internet, (some Americans still prefer fax or mail instead of email) so bitcoin is probably a lot advanced for them, and they would consider it only for tech savvy people.

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