Do You Think Bitcoin Will Replace Dollar Soon? - page 224.

xIIImaL

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Quote from: avikz on April 07, 2016, 02:43:40 PM

I don't think it is happening anytime sooner.

Bitcoin will never be able to overcome the power of fiat currency, be it pound or usd.

Bitcoin is just an alternative to save money and nothing else. It doesn't have the characteristics to become a mainstream currency.

I think the government will not be able to restrain the rate of growth of bitcoin, sooner or later bitcoin will take over the dollar, willingly or unwillingly, it will happen..

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I don't think it is happening anytime sooner.

Bitcoin will never be able to overcome the power of fiat currency, be it pound or usd.

Bitcoin is just an alternative to save money and nothing else. It doesn't have the characteristics to become a mainstream currency.

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Quote from: Vaskiy on April 06, 2016, 05:49:53 AM

Quote from: MaritiJames3 on April 06, 2016, 05:41:30 AM

No I do not think this will happen soon but I also think it will never happen because like it already has mentioned here multiple times the bitcoin is still too small and the dollar is still too big to do this.
I think if there are both equally it could be possible, although this would take years..

both cannot be made equal, as dollar is the one known to everyone, even a kid, whereas bitcoin not known to people even in developed countries. This unequaled both. When it becomes popular there can be a chance, but can take years.

But on digital world, it may be equal to bitcoin or maybe it will replace bitcoin sooner, as on internet the more people are attracted to bitcoin and they like bitcoin more, and those who come to know about it are attracted to it and readily adopt it for their use.

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Quote from: italianobitcoin on April 06, 2016, 04:09:08 AM

It will not happen soon mate, you can see indeed that Bitcoin is becoming popular in use but it can not replace Dollar now because there are a lot of people is still using Dollar.
It is only possible after some 15 years if Bitcoin is doing good and that we keep it promoting so the chance will be higher that more people will going to use it, it is their own choice.

But I think the time is not far away that bitcoin will replace USA dollar, We can see that on Virtual world now everywhere is used bitcoin and dollar is going at back regularly.

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Quote from: ronaldinho_07 on April 06, 2016, 02:05:08 PM

Bitcoin has no such power to remove any currencie even not being dollar,bitcoin is just an option of investment and a payment processor,not a hitman killing others to grow.

I agree with you. And I am just thinking why is it that people who are really full of faith with bitcoin wants to destroy other currency and fiats. That seems really odd. Though both can exist along and use each other for a good and faster transaction.

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Quote from: richardsNY on April 06, 2016, 03:42:24 PM

Quote from: ronaldinho_07 on April 06, 2016, 02:05:08 PM

Bitcoin has no such power to remove any currencie even not being dollar,bitcoin is just an option of investment and a payment processor,not a hitman killing others to grow.

Even not being the dollar? The dollar is the strongest currency in the world. I do however agree with you that Bitcoin is just an alternative to all fiat currencies. It gives us something to choose as we now have the freedom to do so.

realistically indeed bitcoin have no power to replace a giant currency such as dollar or euro, while bitcoin is only a digital currency.

but sometimes i believe in the future digital money/digital currency will more useful than fiat/paper money, who knows it will happens? and i put a little faith on it.

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Quote from: lister storm on April 06, 2016, 04:17:53 PM

Quote from: ronaldinho_07 on April 06, 2016, 02:05:08 PM

Bitcoin has no such power to remove any currencie even not being dollar,bitcoin is just an option of investment and a payment processor,not a hitman killing others to grow.

it doesnt have such strength just yet but im pretty confident that bitcoin will keep on growing and there will be a lot of new people and companies who will start accepting it and this will push the price up

as the price will be higher and more people will be interested in this cryptocurrency, surely there will be a possibility of revolution that will change the dollar

Sure using it and get interested from it may happen but a replacement wont bitcoin purpose is to give back to the people the power to choose and to invest their money,besides its advantages,bitcoin its a new way to make business not a war coming into the current financial system.Just showing that the countries and companies can save a lot money doing small adjust to the way they handle their money.

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Quote from: ronaldinho_07 on April 06, 2016, 02:05:08 PM

Bitcoin has no such power to remove any currencie even not being dollar,bitcoin is just an option of investment and a payment processor,not a hitman killing others to grow.

it doesnt have such strength just yet but im pretty confident that bitcoin will keep on growing and there will be a lot of new people and companies who will start accepting it and this will push the price up

as the price will be higher and more people will be interested in this cryptocurrency, surely there will be a possibility of revolution that will change the dollar

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Quote from: ronaldinho_07 on April 06, 2016, 02:05:08 PM

Bitcoin has no such power to remove any currencie even not being dollar,bitcoin is just an option of investment and a payment processor,not a hitman killing others to grow.

Even not being the dollar? The dollar is the strongest currency in the world. I do however agree with you that Bitcoin is just an alternative to all fiat currencies. It gives us something to choose as we now have the freedom to do so.

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Bitcoin has no such power to remove any currencie even not being dollar,bitcoin is just an option of investment and a payment processor,not a hitman killing others to grow.

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Quote from: Piltover on April 06, 2016, 09:44:15 AM

No I do not think the bitcoin will replace the dollar soon or ever, the dollar itself is just too big to destroy in my opinion.
I think the bitcoin can never be such big and powerful as the dollar is because its just a main currency in my eyes.

I strongly agree. dollar used already very long time, even before I was born and my grandfather was born. bitcoin is still very new age in the Internet world and still has not come out in the real world, so I think that bitcoin is only suitable for use on the internet

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No I do not think the bitcoin will replace the dollar soon or ever, the dollar itself is just too big to destroy in my opinion.
I think the bitcoin can never be such big and powerful as the dollar is because its just a main currency in my eyes.

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Quote from: Vaskiy on April 06, 2016, 05:49:53 AM

Quote from: MaritiJames3 on April 06, 2016, 05:41:30 AM

No I do not think this will happen soon but I also think it will never happen because like it already has mentioned here multiple times the bitcoin is still too small and the dollar is still too big to do this.
I think if there are both equally it could be possible, although this would take years..

both cannot be made equal, as dollar is the one known to everyone, even a kid, whereas bitcoin not known to people even in developed countries. This unequaled both. When it becomes popular there can be a chance, but can take years.

bitcoin geting populaire day by day so there is a high possiblity that after a long time will replace the dollar but as you said bitcoin myst be know by all people even child befor replacing dollar. maybe next generation will start using bitcoin in business if his price will grow more.and then bitcoin have a chance against dollor but now there is impossible even bank and governement is against bitcoin.

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Quote

Do you think bitcoin will replace dollar soon?

I dont think it will replace dollar soon. Simply because the government has the controls of dollars. If bitcoin replaced dollar, the government will in some way be ignored. Bitcoin wallet is very anonymous. You can not easily trace the holder of the money if it is in bitcoin even if you have the address. Although in the future future (like far from today), I believe that bitcoin or electronic currency will eventually take place. Every thing will be controlled by electronics in the future though. The number of services that accepts bitcoin is also gradually rising.

In short: I don't think bitcoin will replace dollar SOON. But eventually, the crypto-currency has a chance to replace the paper-currency.

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Quote from: MaritiJames3 on April 06, 2016, 05:41:30 AM

No I do not think this will happen soon but I also think it will never happen because like it already has mentioned here multiple times the bitcoin is still too small and the dollar is still too big to do this.
I think if there are both equally it could be possible, although this would take years..

both cannot be made equal, as dollar is the one known to everyone, even a kid, whereas bitcoin not known to people even in developed countries. This unequaled both. When it becomes popular there can be a chance, but can take years.

MaritiJames3

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No I do not think this will happen soon but I also think it will never happen because like it already has mentioned here multiple times the bitcoin is still too small and the dollar is still too big to do this.
I think if there are both equally it could be possible, although this would take years..

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Quote from: italianobitcoin on April 06, 2016, 04:09:08 AM

It will not happen soon mate, you can see indeed that Bitcoin is becoming popular in use but it can not replace Dollar now because there are a lot of people is still using Dollar.
It is only possible after some 15 years if Bitcoin is doing good and that we keep it promoting so the chance will be higher that more people will going to use it, it is their own choice.

Yeah to many people are still using the Dollar. Bitcoin is becoming more and more popular, but for Bitcoin to take over the dollar is has to become more popular and more used then the dollar and that is not the case.

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Quote from: ultimatesky on April 04, 2016, 07:22:19 AM

Quote from: jchst on April 02, 2016, 06:11:14 PM

Well bitcoin has no power to remove any currencie soo forget that thing,bitcoin its a potencial investment with high pontencial risk and reward.

Indeed, I'm thinking the same thing, I do not think its gonna win from the bitcoin, the bitcoin is even depending on the fiat so that already says enough.
I overall think it could not be reached, its just too much for the bitcoin itself in my opinion.

yeah bitcoin is currently still have to rely on a fiat to the survival of bitcoin itself. rate on the dollar for bitcoin is still the best thing in priority moreover bitcoin is still not so well known and yet mainstream. so the strength of bitcoin is not so great
for bitcoin still depend on fiat I doubt bitcoin can do it

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No I do not think the dollar will be replaced anytime soon by the bitcoin because the dollar is simply a step to big to take over by the bitcoin.
I also think this will take years over years to even try this, many banks will also stop this in my opinion.
Plus the last problem is also that the bitcoin is good but the banks are also gonna be fully digital and be something like a coin in my prediction.

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It will not happen soon mate, you can see indeed that Bitcoin is becoming popular in use but it can not replace Dollar now because there are a lot of people is still using Dollar.
It is only possible after some 15 years if Bitcoin is doing good and that we keep it promoting so the chance will be higher that more people will going to use it, it is their own choice.

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