Do You Think Bitcoin Will Replace Dollar Soon? - page 215.

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Quote from: umaOuma on May 10, 2016, 11:07:36 AM

Bitcoin and dollar both are different forms of currencies, one is physical and the other is digital, individual has an choice of choosing according to his convenience, but majority of people will choose to use dollar.

Most people will definitely rely on the physical currency because they have assurance that they hold it and use it easily. Unlike digital they must be educated first and know the basic things about bitcoins.
You are right, majority will still use to choose dollar since the beginning when people heard dollar, it already means power to US.

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Quote from: umaOuma on May 10, 2016, 11:07:36 AM

Bitcoin and dollar both are different forms of currencies, one is physical and the other is digital, individual has an choice of choosing according to his convenience, but majority of people will choose to use dollar.

Dollar (at least the US' variety) is 99% digital. Just in case, bitcoins can be physical too

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Bitcoin and dollar both are different forms of currencies, one is physical and the other is digital, individual has an choice of choosing according to his convenience, but majority of people will choose to use dollar.

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Quote from: Betwrong on May 10, 2016, 09:43:31 AM

Actually dollar is accepted in almost every country. I mean you could easily exchange dollar on local currency almost everywhere. Bitcoin on the other hand is not so easy to exchange. But I agree with you that in the future Bitcoin has better chances than dollar to become the global currency, because I think Bitcoin will be more trusted in the future than dollar.

Well in my country exchanging bitcoin to our fiat currency is just one click away. Also same with other countries. I don't like the idea of bitcoin becoming the global currency. It will just give it's own exchange rate to our fiat currency directly. It's still better to only have a USD to Bitcoin exchange rate compare to own currency to bitcoin exchanges. It's a big help for those country that dollar has higher price in terms of conversion.

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Quote from: blackmachinegun on May 10, 2016, 09:38:07 AM

Quote from: phreaky on May 09, 2016, 08:03:44 AM

No this will never happen if you ask me the dollar is way too big compared with the bitcoin.
I even think it has no chance for sure due to the fact the bitcoin is way smaller.

I think for every opportunity is always there. I do not think bitcoin will replace the dollar as the currency of the country usa. but more general. the current dollar is a global currency used by all countries?
nah bitcoin will have the opportunity to become a global currency that is accepted in all countries

Actually dollar is accepted in almost every country. I mean you could easily exchange dollar on local currency almost everywhere. Bitcoin on the other hand is not so easy to exchange. But I agree with you that in the future Bitcoin has better chances than dollar to become the global currency, because I think Bitcoin will be more trusted in the future than dollar.

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Quote from: phreaky on May 09, 2016, 08:03:44 AM

No this will never happen if you ask me the dollar is way too big compared with the bitcoin.
I even think it has no chance for sure due to the fact the bitcoin is way smaller.

I think for every opportunity is always there. I do not think bitcoin will replace the dollar as the currency of the country usa. but more general. the current dollar is a global currency used by all countries?
nah bitcoin will have the opportunity to become a global currency that is accepted in all countries

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It wont replace soon and that is because you also can see that Dollar is still many used by many people and that is not that bad because they dont know what Bitcoin is and that must change.
People that is using Bitcoin have to promote the coin more so more people will get to know about it and maybe also going to use it.

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Quote from: ajun96 on May 09, 2016, 11:47:36 PM

Quote from: stromma44 on May 08, 2016, 11:05:11 AM

Quote from: sempak on May 08, 2016, 10:34:43 AM

USD dollar is so strong in the world market. I'm not sure at this time bitcoin can beat dollar. perhaps the next 20 years bitcoin can do it.

The fact is we don't know whether bitcoin will survive next 20 years or not, may be will see some new currency replacing bitcoin but one thing is sure that dollar will always exist.

of course whenever the dollar will always persist. they are legal tender and are used by many people around the world. of course, will always persist
we do not know the future of bitcoin? yeah maybe 20 years even? I was a little hesitant bitcoin will talk more?

Yeah that should always be remembered. Yes I trust bitcoin for now. But we dont really know what will happen in the future. Dollar had been there for a lot of years. So just seeing its trust ranking will tell the truth.

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Quote from: stromma44 on May 08, 2016, 11:05:11 AM

Quote from: sempak on May 08, 2016, 10:34:43 AM

USD dollar is so strong in the world market. I'm not sure at this time bitcoin can beat dollar. perhaps the next 20 years bitcoin can do it.

The fact is we don't know whether bitcoin will survive next 20 years or not, may be will see some new currency replacing bitcoin but one thing is sure that dollar will always exist.

of course whenever the dollar will always persist. they are legal tender and are used by many people around the world. of course, will always persist
we do not know the future of bitcoin? yeah maybe 20 years even? I was a little hesitant bitcoin will talk more?

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Quote from: Farma on May 09, 2016, 11:37:44 AM

Quote from: bitlancr on May 09, 2016, 10:54:45 AM

No this will never happen if you ask me, the dollar is way bigger and also much more used, the bitcoin is now still even depending on the dollar.
If the dollar collapse right now the bitcoin will also go down..

absolutely right, I guess if it happens to be so many people are angry, perhaps there would be chaos because nowadays, people are already very comfortable using the dollar as a means of transaction

Chaos would never happen because before bitcoin will totally replace dollars there will be a transition period where you need to exchange you dollars to bitcoin.

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Quote from: bitlancr on May 09, 2016, 10:54:45 AM

No this will never happen if you ask me, the dollar is way bigger and also much more used, the bitcoin is now still even depending on the dollar.
If the dollar collapse right now the bitcoin will also go down..

absolutely right, I guess if it happens to be so many people are angry, perhaps there would be chaos because nowadays, people are already very comfortable using the dollar as a means of transaction

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No he will not even be close as the dollar is. The dollar means so much to everyone
They pay everything with it their food and rent their clothes and cars. It will be nice for the future but
i don't think he will overrule the dollar.

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No this will never happen if you ask me, the dollar is way bigger and also much more used, the bitcoin is now still even depending on the dollar.
If the dollar collapse right now the bitcoin will also go down..

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In the short to medium term, we should target to establish Bitcoin as a currency which is acceptable to a large part of the world population. Our targets must be realistic. Overtaking gold and USD is not going to happen in the near term. The US dollar didn't became the world reserve currency overnight. It became the reserve currency of the world, more than 150 years after it was first printed.

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Quote from: cluit on May 09, 2016, 10:32:17 AM

Quote from: GamingBro on May 05, 2016, 07:51:20 PM

Quote from: deuce22 on May 05, 2016, 01:25:08 PM

bitcoin can't replace the dollar until people stop exchanging their bitcoin into dollars

Even if people will stop exchanging, some compare system will be needed for bitcoin anyway. Bitcoin can't really replace dollar anyway and it's true.

Yeah you are right replacing dollar by bitcoin is really not possible, but for bitcoin there is chances that it become a global currency and dollar come back to its home land USA, but dollar will still remain there.

Actually, bitcoin and dollar can get along together though. So this 2 currencies Bitcoin and dollar become popular and bitcoin no need to replace dollar.

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Quote from: GamingBro on May 05, 2016, 07:51:20 PM

Quote from: deuce22 on May 05, 2016, 01:25:08 PM

bitcoin can't replace the dollar until people stop exchanging their bitcoin into dollars

Even if people will stop exchanging, some compare system will be needed for bitcoin anyway. Bitcoin can't really replace dollar anyway and it's true.

Yeah you are right replacing dollar by bitcoin is really not possible, but for bitcoin there is chances that it become a global currency and dollar come back to its home land USA, but dollar will still remain there.

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Quote from: TTMNewsMJ on January 13, 2016, 07:29:29 PM

Yes I believe that it will replace the dollar soon.

No I think that it is not going to happen the US Dollar has been around for to long and it belongs to one of the most powerful countries if not the most powerful.
So I do not think that it is going to be possible.

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Quote from: Adrorecia on May 09, 2016, 07:13:22 AM

The bitcoin is getting many more publicity after a long time but will it replace the dollar soon?
I don't think he will because there are to many people with allot of dollars it can be but if that happens
it will be 20000 years later.

do not be too think too far 20000 years? I do not think the age of the earth reaches for it?
I agree with you though bitcoin increasingly popular and began to be known by many people. but I do not think bitcoin users will exceed the user of dollars

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Quote from: Hatuferu on May 08, 2016, 07:39:56 AM

Quote from: ricardobs on May 08, 2016, 06:18:24 AM

Quote from: GamingBro on May 05, 2016, 07:51:20 PM

Quote from: deuce22 on May 05, 2016, 01:25:08 PM

bitcoin can't replace the dollar until people stop exchanging their bitcoin into dollars

Even if people will stop exchanging, some compare system will be needed for bitcoin anyway. Bitcoin can't really replace dollar anyway and it's true.

It is true that bitcoin cannot replace dollar but it is not correct that for bitcoin as a standard to be compared with dollar is compulsory, when bitcoin become a most stable currency then people will make bitcoin as a standard and then bitcoin will itself a standard for other currencies.

There is a possibility because bitcoin is not controlled by the government, its decentralization features likely to attract more people plus they can easily track their disbursements and receipts looking at the public ledger. It US will go cashless this will gives us good option.

It will not replace soon and that is because they can see that there are a lot of people that is getting to love Bitcoin because they want to make some profit of course and that is perfect.
But you never know what will happen with Bitcoin but it will replace maybe in the future.

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Quote from: phreaky on May 09, 2016, 08:03:44 AM

No this will never happen if you ask me the dollar is way too big compared with the bitcoin.
I even think it has no chance for sure due to the fact the bitcoin is way smaller.

correct. although potentially I guess that will not happen, well the dollar is already very common in use as a medium of exchange from the beginning until now, maybe this will happen forever

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