Do You Think Bitcoin Will Replace Dollar Soon? - page 237.

DeDordtenaar

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Quote from: bitcoin-hunter on March 02, 2016, 03:53:24 AM

No I do not think this will happen, the bitcoin is still small comparing with the dollar these days so it will take a long time before this is even possible.
I think we just have to wait for the moment, but anytime soon is not possible.

people who say it will happen in a short time, maybe he already madly crazy in bitcoin. bitcoin is still very small. will not be able to resist the dollar or fiat

doctor877

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Bitcoin is getting popular now, so don't be surprised if it replaces dollar in future, anything is possible as if the value of bitcoin reaches to the moon, more people will get attracted towards bitcoin.

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Quote from: kacak41 on March 03, 2016, 04:08:47 AM

Dollar and bitcoin are two different things, one is physical currency and the other is digital, so people who are comfortable to spend it digitally will choose bitcoins, and people who are not internet savvy they will go with dollar.

You mean people who are not savvy at all will go with the counterfeitable undefined scrip.

Bitcoin is the physical currency, tied to energy which is a physical quantity.

How could you imagine that the dollar, a limitless undefined virtual token, is physical?

kacak41

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Dollar and bitcoin are two different things, one is physical currency and the other is digital, so people who are comfortable to spend it digitally will choose bitcoins, and people who are not internet savvy they will go with dollar.

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Quote from: elyas772 on March 02, 2016, 11:15:49 AM

dollar and bitcoin is very diffirent, i think bitcoin can't replace dollar as currency, maybe the bitcoin technology can adopt by goverment but the local currency or dollar U.s can't replace wth bitcoin

Exactly, but bitcoin will be widely used and accepted in future, and people who loves bitcoin will surely use only bitcoins, but for that we need majority of shops accepting bitcoins.

elyas772

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dollar and bitcoin is very diffirent, i think bitcoin can't replace dollar as currency, maybe the bitcoin technology can adopt by goverment but the local currency or dollar U.s can't replace wth bitcoin

Nemesis099

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Quote from: Farma on March 02, 2016, 11:00:31 AM

Quote from: CryptoBjorn on March 02, 2016, 10:05:06 AM

Not that will definitely not happen. Bitcoin is now not that popular so that cant be possible, maybe over 30 years or something.
But not around this time. Many people doesnt even know what Bitcoin is so that is the problem.

I think 30 years is not enough time. dollar has been around a long time, and has been used since the first, it is impossible in 30 years bitcoin will replace the dollar, because I think bitcoin will never replace the dollar, because bitcoin is the same as gold

But the major fact is we don't know whether bitcoin will survive that long or not, as dollar is concerned we are pretty sure that it will exist still many years to come, So I don't think that bitcoin can replace dollar.

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Quote from: CryptoBjorn on March 02, 2016, 10:05:06 AM

Not that will definitely not happen. Bitcoin is now not that popular so that cant be possible, maybe over 30 years or something.
But not around this time. Many people doesnt even know what Bitcoin is so that is the problem.

I think 30 years is not enough time. dollar has been around a long time, and has been used since the first, it is impossible in 30 years bitcoin will replace the dollar, because I think bitcoin will never replace the dollar, because bitcoin is the same as gold

CryptoBjorn

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Not that will definitely not happen. Bitcoin is now not that popular so that cant be possible, maybe over 30 years or something.
But not around this time. Many people doesnt even know what Bitcoin is so that is the problem.

ampere

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Quote from: zerowing on March 02, 2016, 07:32:01 AM

The math is really simple and I think there is no technical way to replace the U.S. dollar with Bitcoin

That's true, and why do we want it to replace dollar, the people who are comfortable with bitcoin they will use it and those who are comfortable with dollar they will continue to use it.

zerowing

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The math is really simple and I think there is no technical way to replace the U.S. dollar with Bitcoin

angryrob

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Quote from: MaxTax on March 02, 2016, 04:01:26 AM

Quote from: MadeinCoin on March 02, 2016, 01:43:38 AM

Quote from: MTBTT on March 01, 2016, 07:47:08 PM

Quote from: Monkey Luffy on February 26, 2016, 10:21:11 AM

I seriously doubt that Bitcoin will replace Dollar, espacially that this will happen soon, but I think that pretty soon Bitcoin will be accepted as any hard currency everywhere in the world

certainly before bitcoin replace fiat. to do bitcoin. is accepted in all parts of the world, if it has already happened. may be bitcoin could replace dollar

Bitcoin might be acceptable in all countries either as currency and as a commodity but observers of finance should study the impact of hazards one million bitcoin owned Satoshi Nakamoto he could have dropped the price of bitcoin be worthless if he sells all bitcoin I think that's one reason bitcoin can not replace Dollar. We do not know what the purpose Nakamoto save that much bitcoin, you have an explanation on this issue ?

No that will not happen soon. I hope later that more people will of course use Bitcoin, but many people doesnt even know what Bitcoin is.
And that is a problem. But you never know what can happen later. I hope that it will be more popular.

Even if it gets more popular in future, we will always find many users that will use dollar only, as dollar is more popular then bitcoin and it is accepted everywhere.

MaxTax

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Quote from: MadeinCoin on March 02, 2016, 01:43:38 AM

Quote from: MTBTT on March 01, 2016, 07:47:08 PM

Quote from: Monkey Luffy on February 26, 2016, 10:21:11 AM

I seriously doubt that Bitcoin will replace Dollar, espacially that this will happen soon, but I think that pretty soon Bitcoin will be accepted as any hard currency everywhere in the world

certainly before bitcoin replace fiat. to do bitcoin. is accepted in all parts of the world, if it has already happened. may be bitcoin could replace dollar

Bitcoin might be acceptable in all countries either as currency and as a commodity but observers of finance should study the impact of hazards one million bitcoin owned Satoshi Nakamoto he could have dropped the price of bitcoin be worthless if he sells all bitcoin I think that's one reason bitcoin can not replace Dollar. We do not know what the purpose Nakamoto save that much bitcoin, you have an explanation on this issue ?

No that will not happen soon. I hope later that more people will of course use Bitcoin, but many people doesnt even know what Bitcoin is.
And that is a problem. But you never know what can happen later. I hope that it will be more popular.

bitcoin-hunter

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No I do not think this will happen, the bitcoin is still small comparing with the dollar these days so it will take a long time before this is even possible.
I think we just have to wait for the moment, but anytime soon is not possible.

MadeinCoin

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Quote from: MTBTT on March 01, 2016, 07:47:08 PM

Quote from: Monkey Luffy on February 26, 2016, 10:21:11 AM

I seriously doubt that Bitcoin will replace Dollar, espacially that this will happen soon, but I think that pretty soon Bitcoin will be accepted as any hard currency everywhere in the world

certainly before bitcoin replace fiat. to do bitcoin. is accepted in all parts of the world, if it has already happened. may be bitcoin could replace dollar

Bitcoin might be acceptable in all countries either as currency and as a commodity but observers of finance should study the impact of hazards one million bitcoin owned Satoshi Nakamoto he could have dropped the price of bitcoin be worthless if he sells all bitcoin I think that's one reason bitcoin can not replace Dollar. We do not know what the purpose Nakamoto save that much bitcoin, you have an explanation on this issue ?

goinmerry

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Quote from: Monkey Luffy on February 26, 2016, 10:21:11 AM

I seriously doubt that Bitcoin will replace Dollar, espacially that this will happen soon, but I think that pretty soon Bitcoin will be accepted as any hard currency everywhere in the world

A commodity I think. That will be a big part of the world of investment. In line with Gold, oil and copper that is a great move if that will happen and be accepted by the community. But for now, we need to establish the good side for it have been bad in the past.

MTBTT

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Quote from: Monkey Luffy on February 26, 2016, 10:21:11 AM

I seriously doubt that Bitcoin will replace Dollar, espacially that this will happen soon, but I think that pretty soon Bitcoin will be accepted as any hard currency everywhere in the world

certainly before bitcoin replace fiat. to do bitcoin. is accepted in all parts of the world, if it has already happened. may be bitcoin could replace dollar

mrhelpful

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Quote from: tn211 on February 29, 2016, 07:18:47 AM

The bitcoin can replace the dollar but only with the help of the banks other wise its not gonna happen.
I think we just have to hold our bitcoins and wait till the time for it, it will take a lot of time if you ask me.

The main reason why it wont replace is because the inflation has to drop the same as fiat or even better and stay at zero.

And in this case it wont ever happen because bitcoins inflation right now is at 8%, if you do some homework you can see the stats including the circulation w. missing coins included.

And the us dollar is a stronger fiat which is why you see still noticed globally, unlike smaller countries.

richardsNY

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Quote from: tn211 on February 29, 2016, 07:18:47 AM

The bitcoin can replace the dollar but only with the help of the banks other wise its not gonna happen.
I think we just have to hold our bitcoins and wait till the time for it, it will take a lot of time if you ask me.

Lol, you seriously think banks that are washing themself in fiat money will help Bitcoin to replace the dollar? It might happen in science fiction movies, but that's all. Banks and governments like to have control over every economy aspect. Bitcoin can't give that to them.

fruitcommander

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Quote from: tn211 on February 29, 2016, 07:18:47 AM

The bitcoin can replace the dollar but only with the help of the banks other wise its not gonna happen.
I think we just have to hold our bitcoins and wait till the time for it, it will take a lot of time if you ask me.

That will never happen, banks will not support bitcoins for sure, and dollar getting replaced by an crypto is impossible, as people find using dollars easy and they don't have faith in bitcoins.

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