Bitcoin Forum>Economy>Economics
Pages:
Author

Topic: Do You Think Bitcoin Will Replace Dollar Soon? - page 213. (Read 417277 times)

harizen
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 16, 2016, 06:52:50 AM
#1338
Quote from: justspare on May 16, 2016, 06:24:00 AM
Well no offence to the Coinbase CEO, but Bitcoin has no chance of replacing the dollar. No government of any country would ever let Bitcoin take place of their beloved fiat currency.

As reservce currency yes it's quiet possible for 10-15 years as he stated.

But he doesn't ever stated that it will replace dollars. That is crazy for 10-15 years.
justspare
hero member
Activity: 1022
Merit: 538
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 16, 2016, 06:24:00 AM
#1337
Well no offence to the Coinbase CEO, but Bitcoin has no chance of replacing the dollar. No government of any country would ever let Bitcoin take place of their beloved fiat currency.
tabas
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 16, 2016, 05:27:49 AM
#1336
Quote from: Zoomer on May 16, 2016, 03:14:02 AM
Quote from: saiha on May 16, 2016, 03:01:15 AM
Quote from: Hatuferu on May 15, 2016, 10:11:32 PM
Quote from: Zoomer on May 15, 2016, 02:32:45 PM
Quote from: The_prodigy on May 15, 2016, 02:25:04 PM
Quote from: richardsNY on May 15, 2016, 01:40:45 PM
Quote from: tommorisonwebdesign on May 15, 2016, 12:29:45 PM
We are way far off from bitcoin replacing the fiat dollar. I predict that in 10-15 years we will see more of a move towards taking over as a currency. bitcoin could eventually replace banks altogether.

Bitcoin will not replace banks or the dollar. Not sure why people still believe this is even possible. US government is too powerful to let a tiny dot as Bitcoin come close to their giant currency that happens to be the main currency of the world.
Yeah its hard to believe that bitcoin will be replace usd.. its impossible for me.. us dollar's is our main currency in every country..
And there's no possibility that  bitcoin will be replace usd..

Yeah dollar is more powerful and popular in compare to bitcoin, and I don't see anything happening like that sooner or latter, dollar will always treated as a number one currency.
The sad thing is only dollar were recognize with its value, how about other countries where they also have their respective currency? I think bitcoins will give us the universal currency that would create equality among countries.

Yeah, dollar is being treated by people that it is the supreme currency of all currencies because USA is a powerful country.
If bitcoins become currency of all nations it will become a one world government.

That seems to be impossible as Government will only support  their own currency and not any digital currency, they would choose the currency that they can control.

It is possible if the bitcoin will support by the government of that country even they have their own currency.
But it would be hard for people to start using bitcoin when the government implements it immediately.
ivanst776
legendary
Activity: 1540
Merit: 1003
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 16, 2016, 05:18:57 AM
#1335
Reference to the @OP.. I want to say it is highly possible that bitcoin can easily replace the dollar.. we should just see the growth of bitcoin. bitcoin got so much popularity and attention of peoples in such a small time. and now bitcoin getting attention of governments,.
Replacing dollar may take some years but bitcoin will cross dollar so soon.
An0nym0us
sr. member
Activity: 303
Merit: 250
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 16, 2016, 05:09:20 AM
#1334
Quote from: Doms on May 16, 2016, 04:58:36 AM
Quote
Yeah government will be always on the side of their own currency. Also one among the major reason is bitcoin a decentralized coin. When government feels this to be a problem for their country currencies they would surely try destroying it. So replacement is impossible.

Governments are not thinking BTC as a threat. In fact, they are seeing it as an opportunity to invest on. There will be some who would doubt its investment potential, but I am reading news everyday about governments considering buying BTC as form of investment, not as something that would be used as their primary currency.

If that is done then it will surely help in economic growth of the country, but I think it will take time to implement in real life scenario.
Doms
hero member
Activity: 714
Merit: 500
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 16, 2016, 04:58:36 AM
#1333
Quote
Yeah government will be always on the side of their own currency. Also one among the major reason is bitcoin a decentralized coin. When government feels this to be a problem for their country currencies they would surely try destroying it. So replacement is impossible.

Governments are not thinking BTC as a threat. In fact, they are seeing it as an opportunity to invest on. There will be some who would doubt its investment potential, but I am reading news everyday about governments considering buying BTC as form of investment, not as something that would be used as their primary currency.
romero121
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 16, 2016, 04:39:47 AM
#1332
Quote from: Zoomer on May 16, 2016, 03:14:02 AM
Quote from: saiha on May 16, 2016, 03:01:15 AM
Quote from: Hatuferu on May 15, 2016, 10:11:32 PM
Quote from: Zoomer on May 15, 2016, 02:32:45 PM
Quote from: The_prodigy on May 15, 2016, 02:25:04 PM
Quote from: richardsNY on May 15, 2016, 01:40:45 PM
Quote from: tommorisonwebdesign on May 15, 2016, 12:29:45 PM
We are way far off from bitcoin replacing the fiat dollar. I predict that in 10-15 years we will see more of a move towards taking over as a currency. bitcoin could eventually replace banks altogether.

Bitcoin will not replace banks or the dollar. Not sure why people still believe this is even possible. US government is too powerful to let a tiny dot as Bitcoin come close to their giant currency that happens to be the main currency of the world.
Yeah its hard to believe that bitcoin will be replace usd.. its impossible for me.. us dollar's is our main currency in every country..
And there's no possibility that  bitcoin will be replace usd..

Yeah dollar is more powerful and popular in compare to bitcoin, and I don't see anything happening like that sooner or latter, dollar will always treated as a number one currency.
The sad thing is only dollar were recognize with its value, how about other countries where they also have their respective currency? I think bitcoins will give us the universal currency that would create equality among countries.

Yeah, dollar is being treated by people that it is the supreme currency of all currencies because USA is a powerful country.
If bitcoins become currency of all nations it will become a one world government.

That seems to be impossible as Government will only support  their own currency and not any digital currency, they would choose the currency that they can control.

Yeah government will be always on the side of their own currency. Also one among the major reason is bitcoin a decentralized coin. When government feels this to be a problem for their country currencies they would surely try destroying it. So replacement is impossible.
Zoomer
hero member
Activity: 658
Merit: 500
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 16, 2016, 03:14:02 AM
#1331
Quote from: saiha on May 16, 2016, 03:01:15 AM
Quote from: Hatuferu on May 15, 2016, 10:11:32 PM
Quote from: Zoomer on May 15, 2016, 02:32:45 PM
Quote from: The_prodigy on May 15, 2016, 02:25:04 PM
Quote from: richardsNY on May 15, 2016, 01:40:45 PM
Quote from: tommorisonwebdesign on May 15, 2016, 12:29:45 PM
We are way far off from bitcoin replacing the fiat dollar. I predict that in 10-15 years we will see more of a move towards taking over as a currency. bitcoin could eventually replace banks altogether.

Bitcoin will not replace banks or the dollar. Not sure why people still believe this is even possible. US government is too powerful to let a tiny dot as Bitcoin come close to their giant currency that happens to be the main currency of the world.
Yeah its hard to believe that bitcoin will be replace usd.. its impossible for me.. us dollar's is our main currency in every country..
And there's no possibility that  bitcoin will be replace usd..

Yeah dollar is more powerful and popular in compare to bitcoin, and I don't see anything happening like that sooner or latter, dollar will always treated as a number one currency.
The sad thing is only dollar were recognize with its value, how about other countries where they also have their respective currency? I think bitcoins will give us the universal currency that would create equality among countries.

Yeah, dollar is being treated by people that it is the supreme currency of all currencies because USA is a powerful country.
If bitcoins become currency of all nations it will become a one world government.

That seems to be impossible as Government will only support  their own currency and not any digital currency, they would choose the currency that they can control.
DimensionZ
sr. member
Activity: 350
Merit: 251
Shit, did I leave the stove on?
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 16, 2016, 03:11:06 AM
#1330
One interesting fact about the US dollar is that it isn't backed by gold unlike the Chinese Yuan which is backed by gold reserves in China and it holds a lot more value than the US dolar which is backed by thin air and the US government and its army. I don't think Bitcoin will replace the US dollar, but saying that $ is the most sought after currency is false.
saiha
hero member
Activity: 840
Merit: 501
Strength in Numbers
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 16, 2016, 03:01:15 AM
#1329
Quote from: Hatuferu on May 15, 2016, 10:11:32 PM
Quote from: Zoomer on May 15, 2016, 02:32:45 PM
Quote from: The_prodigy on May 15, 2016, 02:25:04 PM
Quote from: richardsNY on May 15, 2016, 01:40:45 PM
Quote from: tommorisonwebdesign on May 15, 2016, 12:29:45 PM
We are way far off from bitcoin replacing the fiat dollar. I predict that in 10-15 years we will see more of a move towards taking over as a currency. bitcoin could eventually replace banks altogether.

Bitcoin will not replace banks or the dollar. Not sure why people still believe this is even possible. US government is too powerful to let a tiny dot as Bitcoin come close to their giant currency that happens to be the main currency of the world.
Yeah its hard to believe that bitcoin will be replace usd.. its impossible for me.. us dollar's is our main currency in every country..
And there's no possibility that  bitcoin will be replace usd..

Yeah dollar is more powerful and popular in compare to bitcoin, and I don't see anything happening like that sooner or latter, dollar will always treated as a number one currency.
The sad thing is only dollar were recognize with its value, how about other countries where they also have their respective currency? I think bitcoins will give us the universal currency that would create equality among countries.

Yeah, dollar is being treated by people that it is the supreme currency of all currencies because USA is a powerful country.
If bitcoins become currency of all nations it will become a one world government.
danherbias07
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 16, 2016, 12:55:00 AM
#1328
Quote from: CoinSiteDesigner on May 15, 2016, 01:55:19 AM
I don't think so, it will surely get huge but it will never be going to be replaced with the dollar.

If it will by any chance, that will cause alot of confusion in people.

For example, you're buying something and the seller says it costs you 1Dollar, that's normal. When bitcoin replaces dollar and he converts that 1dollar to bitcoin every hour the price changes? and people will surely have no idea how much it exactly costs in their currency, either the seller has to convert it to the USD too.

ahm, fuck the example. But this shit is impossible Tongue

Hard to make an example out of it. But surely it just cannot be even if you borrow 1 from 2.  Tongue Dollar is dollar and Bitcoin will always be bitcoin. No need to explain much. Just look at reality.
Hatuferu
legendary
Activity: 1092
Merit: 1000
https://trueflip.io/
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 15, 2016, 10:11:32 PM
#1327
Quote from: Zoomer on May 15, 2016, 02:32:45 PM
Quote from: The_prodigy on May 15, 2016, 02:25:04 PM
Quote from: richardsNY on May 15, 2016, 01:40:45 PM
Quote from: tommorisonwebdesign on May 15, 2016, 12:29:45 PM
We are way far off from bitcoin replacing the fiat dollar. I predict that in 10-15 years we will see more of a move towards taking over as a currency. bitcoin could eventually replace banks altogether.

Bitcoin will not replace banks or the dollar. Not sure why people still believe this is even possible. US government is too powerful to let a tiny dot as Bitcoin come close to their giant currency that happens to be the main currency of the world.
Yeah its hard to believe that bitcoin will be replace usd.. its impossible for me.. us dollar's is our main currency in every country..
And there's no possibility that  bitcoin will be replace usd..

Yeah dollar is more powerful and popular in compare to bitcoin, and I don't see anything happening like that sooner or latter, dollar will always treated as a number one currency.
The sad thing is only dollar were recognize with its value, how about other countries where they also have their respective currency? I think bitcoins will give us the universal currency that would create equality among countries.
Zoomer
hero member
Activity: 658
Merit: 500
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 15, 2016, 02:32:45 PM
#1326
Quote from: The_prodigy on May 15, 2016, 02:25:04 PM
Quote from: richardsNY on May 15, 2016, 01:40:45 PM
Quote from: tommorisonwebdesign on May 15, 2016, 12:29:45 PM
We are way far off from bitcoin replacing the fiat dollar. I predict that in 10-15 years we will see more of a move towards taking over as a currency. bitcoin could eventually replace banks altogether.

Bitcoin will not replace banks or the dollar. Not sure why people still believe this is even possible. US government is too powerful to let a tiny dot as Bitcoin come close to their giant currency that happens to be the main currency of the world.
Yeah its hard to believe that bitcoin will be replace usd.. its impossible for me.. us dollar's is our main currency in every country..
And there's no possibility that  bitcoin will be replace usd..

Yeah dollar is more powerful and popular in compare to bitcoin, and I don't see anything happening like that sooner or latter, dollar will always treated as a number one currency.
The_prodigy
hero member
Activity: 924
Merit: 500
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 15, 2016, 02:25:04 PM
#1325
Quote from: richardsNY on May 15, 2016, 01:40:45 PM
Quote from: tommorisonwebdesign on May 15, 2016, 12:29:45 PM
We are way far off from bitcoin replacing the fiat dollar. I predict that in 10-15 years we will see more of a move towards taking over as a currency. bitcoin could eventually replace banks altogether.

Bitcoin will not replace banks or the dollar. Not sure why people still believe this is even possible. US government is too powerful to let a tiny dot as Bitcoin come close to their giant currency that happens to be the main currency of the world.
Yeah its hard to believe that bitcoin will be replace usd.. its impossible for me.. us dollar's is our main currency in every country..
And there's no possibility that  bitcoin will be replace usd..
richardsNY
legendary
Activity: 1232
Merit: 1091
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 15, 2016, 01:40:45 PM
#1324
Quote from: tommorisonwebdesign on May 15, 2016, 12:29:45 PM
We are way far off from bitcoin replacing the fiat dollar. I predict that in 10-15 years we will see more of a move towards taking over as a currency. bitcoin could eventually replace banks altogether.

Bitcoin will not replace banks or the dollar. Not sure why people still believe this is even possible. US government is too powerful to let a tiny dot as Bitcoin come close to their giant currency that happens to be the main currency of the world.
rekinthis
hero member
Activity: 658
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 15, 2016, 01:07:35 PM
#1323
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?

lots of people hopes for that and i really think that it might come true some day as more and more people are interested in bitcoins now, so if everybody will use them, it will replace

but it won't happen anytime soon, it will take some time, maybe 10 years at least because this day, bitcoin is not popular enough to become a main currency of america
tommorisonwebdesign
sr. member
Activity: 448
Merit: 251
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 15, 2016, 12:29:45 PM
#1322
We are way far off from bitcoin replacing the fiat dollar. I predict that in 10-15 years we will see more of a move towards taking over as a currency. bitcoin could eventually replace banks altogether.
deisik
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 15, 2016, 12:17:54 PM
#1321
Quote from: CoinSiteDesigner on May 15, 2016, 01:55:19 AM
For example, you're buying something and the seller says it costs you 1Dollar, that's normal. When bitcoin replaces dollar and he converts that 1dollar to bitcoin every hour the price changes? and people will surely have no idea how much it exactly costs in their currency, either the seller has to convert it to the USD too

If he pays wages (and taxes, wtf) in bitcoins and buys resources (raw materials, utilities, etc) with Bitcoin as well (let's assume for a moment), this is no longer a problem
CoinSiteDesigner
full member
Activity: 126
Merit: 100
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 15, 2016, 01:55:19 AM
#1320
I don't think so, it will surely get huge but it will never be going to be replaced with the dollar.

If it will by any chance, that will cause alot of confusion in people.

For example, you're buying something and the seller says it costs you 1Dollar, that's normal. When bitcoin replaces dollar and he converts that 1dollar to bitcoin every hour the price changes? and people will surely have no idea how much it exactly costs in their currency, either the seller has to convert it to the USD too.

ahm, fuck the example. But this shit is impossible Tongue
justdimin
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
Re: Do You Think Bitcoin Will Replace Dollar Soon?
May 15, 2016, 01:51:28 AM
#1319
Quote from: avw1982 on May 15, 2016, 01:27:31 AM
Quote from: romero121 on May 13, 2016, 04:50:20 AM
Quote from: Blackmet on May 12, 2016, 04:12:50 PM
I don't think that it's can be real even sometimes, dollar is so strong currency, bitcoin can't even compete with dollar so we can't talk about replacment and other stuff.

As quoted replacing of dollar is really a hard thing. Only the increase in adoption can be experienced. This increase in user adoption will help bitcoin to grow as a additional currency.

Replacement of the dollar by Bitcoin is possible. In practice this does not happen never. The dollar will remain forever even as a numismatic coin, such as ancient coins. Before we all die for sure dollar still will be dominant coin and adoption must need for bitcoin to rule the world.
But I do not think so.
When people realize the real benefits of bitcoins then definitely they will leave off using dollars. Already people are not using paper money or metal coins. They are using plastic cards or Internet banking.

These are symptoms and possibilities for bitcoin to be successful to replace dollars.
Pages:
Bitcoin Forum>Economy>Economics
Jump to: