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Topic: Do You Think Bitcoin Will Replace Dollar Soon? - page 247. (Read 417177 times)

sr. member
Activity: 434
Merit: 250
Nah it won't happen it will take very long till that will happen.
Lets say about 10 years or so its difficult to say of course.
The dollar is to large at the moment the bitcoin is small compared with the dollar.
sr. member
Activity: 420
Merit: 250
I think that's really not going to happen. It takes a very long time.
Using many people Dollar, and many people do not have a few Bitcoins.
sr. member
Activity: 658
Merit: 252
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?

yes , i completely agree with his prediction. it think everyone will use digital money related to bitcoin and bitcoin chain at least twenty years later..
sr. member
Activity: 476
Merit: 250
lts hard to predict,l guess no..because usa governments will not accept historical money-dollar replacement.
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
I think it will but it will take a lot of time, maybe in about 10 years.

Far from now that for sure, It really takes time to replace the dollar, but its possible.

The bitcoin gets popular everyday so that's good plus it has a good future a head.
legendary
Activity: 1022
Merit: 1000
Blocklancer - Freelance on the Blockchain
If this is to happen we wont see it in ourlife time only we may see that btc become primary interet value in paying for sure
member
Activity: 107
Merit: 10
Not quite soon, but in some future where we shall finally find causes of economic crisis, banks..
This is not far from now i believe!
hero member
Activity: 868
Merit: 1000
lts hard to predict,l guess no..because usa governments will not accept historical money-dollar replacement.
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
I do not think bitcoin can replace dollar. bitcoin just digital money. while dollar is real money.
but bitcoin could become the biggest online transaction in my opinion.

Yes the same. There is no such way to replace dollar soon or in the coming years. Bitcoin can be used to earn, learn without much loss and in certain purchases bitcoins are giving more security option while transaction with less transaction charges.
Well,The dollar will be dead or replaced in some decades for sure but bitcoin cannot replace fiat currencies is something I would agree with.There is actually no point in it other than a platform for the fringe people.
full member
Activity: 182
Merit: 100
Pollak
i dont think so.,it will be replace but not soon..will take along time to replace
for the future i think it can..but not really sure..
bitcoin just an internet money and dollar is a real money..
the main things in here not many people understand in btc especially our parents..hard to explain..

I agree with you, because the US dollar is obviously very large.
Some people do not even know what Bitcoin. So if it does happen then it takes even years.
hero member
Activity: 994
Merit: 1000
lts hard to predict,l guess no..because usa governments will not accept historical money-dollar replacement.
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
I do not think bitcoin can replace dollar. bitcoin just digital money. while dollar is real money.
but bitcoin could become the biggest online transaction in my opinion.

Yes the same. There is no such way to replace dollar soon or in the coming years. Bitcoin can be used to earn, learn without much loss and in certain purchases bitcoins are giving more security option while transaction with less transaction charges.
legendary
Activity: 1232
Merit: 1000
lts hard to predict,l guess no..because usa governments will not accept historical money-dollar replacement.
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
I do not think bitcoin can replace dollar. bitcoin just digital money. while dollar is real money.
but bitcoin could become the biggest online transaction in my opinion.
hero member
Activity: 658
Merit: 500
lts hard to predict,l guess no..because usa governments will not accept historical money-dollar replacement.
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
legendary
Activity: 1316
Merit: 1004
i dont think so.,it will be replace but not soon..will take along time to replace
for the future i think it can..but not really sure..
bitcoin just an internet money and dollar is a real money..
the main things in here not many people understand in btc especially our parents..hard to explain..

This is the most confused notion that people tend to have.  Dollars, Euro, and every other fiat system IS NOT REAL MONEY.

Central banks in every country creates what you think is real money out of thin air.  It's literally paper that doesn't represent anything of value, yet, it is supposed to be a value of whatever denomination it has on the note... which is backed up on the "trust of the government".

Money and the market systems is guided by the "invisible hand", which used to be backed by gold... now it is backed by nothing.  Every dollar you have in your wallet and bank account is essentially worthless in all actuality, just as of right now you need it to purchase real world goods and pay bills... but the hope is to be able to pay for goods, services, pay bills, pay taxes, etc with crypto (which will hopefully be backed by gold, as well as cold hard, fundamentally sound math.).
full member
Activity: 238
Merit: 100
i dont think so.,it will be replace but not soon..will take along time to replace
for the future i think it can..but not really sure..
bitcoin just an internet money and dollar is a real money..
the main things in here not many people understand in btc especially our parents..hard to explain..
sr. member
Activity: 420
Merit: 250
I believe bitcoin can overtake dollars in very near future in terms of online usage volume. This may reflect in plastic card usage in next decade. This way bitcoin will replace dollars.
I think for the near future, it will not happen, fiat still too strong
It's really hard to believe that a digital currency will replace any fiat money not just usd but not even GBP or EUR, fiat will stay on its feet for many decades.

Yeah I don't see this happen.
How can online money replace cash money?
We all know that cash money is needed too for real life purchases.
hero member
Activity: 546
Merit: 500
I don't think bitcoin will replace dollar, even though we are on a digital era. Dollars , or in general fiats, were centralized while bitcoins were decentralized. If ever bitcoin will replace dollar, I guess bitcoin will be centralized, just like fiat and I think people don't want that. I think its enough bitcoin will stay next to dollar Cheesy
legendary
Activity: 1526
Merit: 1001
I believe bitcoin can overtake dollars in very near future in terms of online usage volume. This may reflect in plastic card usage in next decade. This way bitcoin will replace dollars.
I think for the near future, it will not happen, fiat still too strong
It's really hard to believe that a digital currency will replace any fiat money not just usd but not even GBP or EUR, fiat will stay on its feet for many decades.
hero member
Activity: 994
Merit: 1000
lts hard to predict,l guess no..because usa governments will not accept historical money-dollar replacement.

Not only US government,none of the government around the world no one ready to accept bitcoin officially.
If they announce they should show their transaction to the world with transparency way. no politician will recognize that. thats issue i guess.
hero member
Activity: 616
Merit: 500
lts hard to predict,l guess no..because usa governments will not accept historical money-dollar replacement.
hero member
Activity: 798
Merit: 1000
LIR Dev. www.letitride.io
Bitcoin first must establish himself as fast and secure currency,
then must prove why he is better than dollar, and whole world must witness..
I think it's all been proven by bitcoin, anonyms, convenience, faster transactions, security, etc all owned by the bitcoin,
just waiting for the right time, for bitcoin take over the position of the dollar
You are correct that bitcoin has many advantages over dollars. The upside of bitcoin is the downside of it ever being able to replace any main currency of any country where there is a central bank with full control. They will never give up control of the monetary system willingly to something decentralized like bitcoin. So no op bitcoin will not replace the dollar nor any currency but it can live side by side just time will tell how much.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
To be honest, I think it's naive to think that bitcoin will REPLACE the dollar ever. Bitcoin can attain widespread use without replacing the dollar.

To replace the dollar, each bitcoin would have to be worth around $250k, and for bitcoin to reach that price would require some serious price volatility, and price volatility like that would prevent bitcoin from being widely adopted... people want a stable currency.
you're right, before replacing the dollar, bitcoin should have a more important role than the first bitcoin, da I think it takes a very long time, due to exceeding the dollar's role in society, bitcoin must first be known in the community
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