Do You Think Bitcoin Will Replace Dollar Soon? - page 243.

diegz

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Quote from: elyas772 on February 09, 2016, 03:08:18 AM

the problem is :
Bitcoin can't be trade in offline store , bitcoin need internet conection, bitcoin need smartphone to send it...
and dollar can be use in village without internet conection...

You nailed it brother!!! thats really whats hindering bitcoin to be used anywhere, but if every country could do a little improvisation such as free wifi connection in every corner or streets, then there's a possibility that bitcoin could start to be an alternative to dollar or any fiat..

elyas772

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the problem is :
Bitcoin can't be trade in offline store , bitcoin need internet conection, bitcoin need smartphone to send it...
and dollar can be use in village without internet conection...

kotwica666

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Quote from: Anddos on February 08, 2016, 03:03:42 PM

Now way that will happen. Fiat is too much in its place, people are too accustomed to it and the economy too developed around it for that to happen soon.

The replacement of the dollar by the bitcoin is as real and likely as replacement of normal newspapers by internet news services. It will take a lot of time, but sooner or later will happen.
Whether we like it or not, the world is changing, and technology moves forward.

Anddos

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Now way that will happen. Fiat is too much in its place, people are too accustomed to it and the economy too developed around it for that to happen soon.

bearex

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Perhaps even some other coin as Bitcoin is showing many flaws, so now when cryptocurrency is known, another one might take the throne.

btccashacc

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i believe bitcoin will replace dollar but i think it wouldn't happen in 15 years but i believe in 50 or 100 years or when the 21 M bitcoin has been mined, that's all just in my humble opinion

OrangeII

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Quote from: phreaky on February 08, 2016, 10:45:12 AM

I guess that's not going to happen so soon. Because the dollar is in fact quite large and I do not really even that is possible.
Because many people do not even know what Bitcoins is.

you're absolutely right, although bitcoin could replace the dollar sometime in the future, but it certainly requires a very long time, this time, not everyone knows what it is bitcoin, and how to use, in contrast with the dollars that have become commonplace on every and has been recognized by people all over the world even children

phreaky

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I guess that's not going to happen so soon. Because the dollar is in fact quite large and I do not really even that is possible.
Because many people do not even know what Bitcoins is.

PhilipPens

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Recently I`ve read the article that the bitcoin will displace dollar in 15 years. and it`s impossible at least because of the trust level of the users of bitcoin. At least, because the economy in USA is regulated by bursts and downs of citizen participation in the processes. I don`t have any economic education but understand the simple interrelation. all these saying about bitcoin in dollars when "experts" say that it will displace dollar are only the advertisement agents, IMO

phreaky

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I think that can not happen. The world is so large in order to replace that go. In Africa and other countries to know not even see what Bitcoins.
So how do you have to explain it to them like that will happen.

doctor877

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Quote from: Yauthitdar on February 07, 2016, 05:25:26 AM

Quote from: diodio5 on February 07, 2016, 02:51:29 AM

Quote from: iamthesky on February 06, 2016, 05:35:27 PM

If bitcoin gets on the mainstream and if it survives for next 20 years then there are possibilities that it will replace dollar soon, but for that bitcoin need to be more popular, and it should be widely used and widely accpeted.

do not worry about the spreading of bitcoin is already done. each time and every month. bitcoin users continues to grow. many people who start using bitcoin. it was very beautiful. I am unsure if this situation continues to grow. bitcoin will continue to survive. and all of it will come true

The price of bitcoin should be proportional to the square of the number of users. So in the future, when bitcoin becomes more popular, the price will rise a lot.

Yes user adaption will be the key here, more users will lead to higher prices of bitcoins, and if more and more people starts using bitcoins, the price of bitcoins would be more stable in future, and price stability will encourage more newbies to enter the world of bitcoins.

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Quote from: diodio5 on February 07, 2016, 02:51:29 AM

Quote from: iamthesky on February 06, 2016, 05:35:27 PM

If bitcoin gets on the mainstream and if it survives for next 20 years then there are possibilities that it will replace dollar soon, but for that bitcoin need to be more popular, and it should be widely used and widely accpeted.

do not worry about the spreading of bitcoin is already done. each time and every month. bitcoin users continues to grow. many people who start using bitcoin. it was very beautiful. I am unsure if this situation continues to grow. bitcoin will continue to survive. and all of it will come true

The price of bitcoin should be proportional to the square of the number of users. So in the future, when bitcoin becomes more popular, the price will rise a lot.

diodio5

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Quote from: iamthesky on February 06, 2016, 05:35:27 PM

If bitcoin gets on the mainstream and if it survives for next 20 years then there are possibilities that it will replace dollar soon, but for that bitcoin need to be more popular, and it should be widely used and widely accpeted.

do not worry about the spreading of bitcoin is already done. each time and every month. bitcoin users continues to grow. many people who start using bitcoin. it was very beautiful. I am unsure if this situation continues to grow. bitcoin will continue to survive. and all of it will come true

diegz

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Quote from: iamthesky on February 06, 2016, 05:35:27 PM

If bitcoin gets on the mainstream and if it survives for next 20 years then there are possibilities that it will replace dollar soon, but for that bitcoin need to be more popular, and it should be widely used and widely accpeted.

Yeah, specially if countries would consider it as an alternative to fiat when we are buying at stores and shops, I think modernization must take place specially in countries with poor internet connection, that way, it is easier to spread the words about bitcoin and in the future could really really replace bitcoin,but it would take time.. maybe not in this lifetime. hehe.

iamthesky

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If bitcoin gets on the mainstream and if it survives for next 20 years then there are possibilities that it will replace dollar soon, but for that bitcoin need to be more popular, and it should be widely used and widely accpeted.

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Quote from: WEBcreator on February 06, 2016, 12:25:40 PM

Quote from: Laosai on February 06, 2016, 11:01:03 AM

The only true pain point to bitcoin adoption is the number of thing that can be bought with it.

I can't pay my taxes in btc or buy groceries. So I won't be able to replace dollars with btc, even if I want to.

You cant do this for now but that doesnt mean you will not be able to do this in the future as well. The bitcoin adoption will push alot of innovation for the payment system as well that could enable us to purchase daily neccesities from our home by using bitcoin however this kind of things will need like around 10 more years before being implemented

Yeah if the adaption level reaches to the moon in the coming years then anything is possible, bitcoin would be more popular in future for sure, so we just need to wait n watch, once bitcoin is on mainstream we would be getting variety of benefits from bitcoins.

WEBcreator

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Quote from: Laosai on February 06, 2016, 11:01:03 AM

The only true pain point to bitcoin adoption is the number of thing that can be bought with it.

I can't pay my taxes in btc or buy groceries. So I won't be able to replace dollars with btc, even if I want to.

You cant do this for now but that doesnt mean you will not be able to do this in the future as well. The bitcoin adoption will push alot of innovation for the payment system as well that could enable us to purchase daily neccesities from our home by using bitcoin however this kind of things will need like around 10 more years before being implemented

fruitcommander

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Quote from: Laosai on February 06, 2016, 11:01:03 AM

Quote from: Oscoda on February 06, 2016, 10:45:29 AM

Quote from: Pollak on February 04, 2016, 04:22:38 PM

I do not think that will happen so quickly. Because many people still use the dollar.
And many people and businesses do not even know what Bitcoins. So I guess that's not going to happen so soon.

I think that can happen. I totally agree with you. Many people do not even know what Bitcoins.
Some do not even have a computer. So I do not think that will happen.

Hmm... Most people do have a computer though...

The only true pain point to bitcoin adoption is the number of thing that can be bought with it.

I can't pay my taxes in btc or buy groceries. So I won't be able to replace dollars with btc, even if I want to.

Yes, there are many things which only fiat can take care of, like paying bills, or buying basic stuffs from groceries and bitcoin cannot be helpful at a moment, and people will keep on spending fiat to meet their basic requirements.

Laosai

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Quote from: Oscoda on February 06, 2016, 10:45:29 AM

Quote from: Pollak on February 04, 2016, 04:22:38 PM

I do not think that will happen so quickly. Because many people still use the dollar.
And many people and businesses do not even know what Bitcoins. So I guess that's not going to happen so soon.

I think that can happen. I totally agree with you. Many people do not even know what Bitcoins.
Some do not even have a computer. So I do not think that will happen.

Hmm... Most people do have a computer though...

The only true pain point to bitcoin adoption is the number of thing that can be bought with it.

I can't pay my taxes in btc or buy groceries. So I won't be able to replace dollars with btc, even if I want to.

Oscoda

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Quote from: Pollak on February 04, 2016, 04:22:38 PM

I do not think that will happen so quickly. Because many people still use the dollar.
And many people and businesses do not even know what Bitcoins. So I guess that's not going to happen so soon.

I think that can happen. I totally agree with you. Many people do not even know what Bitcoins.
Some do not even have a computer. So I do not think that will happen.

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