To replace the dollar with bitcoin in the near future seems impossible, we all know that if the USA government is angry it will do everything possible to destroy bitcoin. I think it would be difficult to replace the dollar as long as there is no strong country that legalize bitcoin.
Although I also believe in bit coin and love it, I don't think it can replace dollars not only in 15 years even in decades. Gold can be a good example as it is valuable against dollar but they are not being used to buy oil till now. Its how us dollar is dominating world market and their is a huge role of government for it. So I think same thing will happen to bit coin like gold.
Topic: Do You Think Bitcoin Will Replace Dollar Soon? - page 39. (Read 417177 times)
To replace the dollar with bitcoin in the near future seems impossible, we all know that if the USA government is angry it will do everything possible to destroy bitcoin. I think it would be difficult to replace the dollar as long as there is no strong country that legalize bitcoin.
NO, as i know that the legal currencies is from money that distributed by central bank, how about bitcoin/ bitcoin doesn't have central bank and they use blockchain to save it, i know that blockchain is better than bank system, but n short term bitcoin can't change the USD.
I think it depends on a country and the president of a country will decide on such matters. That's why this plan does not happen even if it's been a couple of years since it's going to be a lot more than before, and it's painful to have many critics take on bitcoin because of its price that's not stable and unlikely.Even though it seems to me that this system will not last long.Changing is especially difficult in a country. this is just my opinion.
Actually not even closer to dollar , bitcoin is a digital currency dollar is a money that we can use everyday meaning it is the most powerful even though bitcoin has a more value than dollar it is still impossible to replace dollar.
I believe that bitcoin will be very significant. But the dollar will continue to be number 1.
It seems so, of course the US government will never be silent when there is anything that hinders the performance of the USD, bitcoin will have great difficulty if against the USD as long as USA is still a super power state.
As much as this sounds promising, there is a need to anticipate this with cautious optimism. Before we can talk about Bitcoin replacing the dollar we need to look critically at the structure around the cryptocurrency.
There is a need to build a serious structure around it first with a framework that will guarantee general acceptance. At the risk of sounding pessimistic, I believe that fifteen years is not feasible. More needs to be done in raising awareness on Bitcoin
There is a need to build a serious structure around it first with a framework that will guarantee general acceptance. At the risk of sounding pessimistic, I believe that fifteen years is not feasible. More needs to be done in raising awareness on Bitcoin
Due to the blockchain technology, bitcoin is only able to manage 7 transactions per second, which is very little in comparison to fiat currencies. A lot of people use this as a counter-argument as to why blockchain can't replace the dollar in the long run and frankly, this does seem like a big problem for day to day use. The only practical use for bitcoin right now could be value storage, it seems.
in order to replace the dollar bitcoin should become a state currency...this will never happen, because it can't replace the dollar...besides there are not many chances that it will survive with such long transactions
No it is not compulsory that for replacing the dollar bitcoin have to become a state currency and it is the plus point of the bitcoin that it is not the currency of a single country. That point will make it more attractive to each and every person and country to adopt it as no one will think that they are promoting any others currency but whenever someone will use it they will think that it is the currency of each every country.There's no need in promoting it, because Bitcoin is already a world-wide currency. Its just that it so happens that it is decentralized, that's why people considered it as illegal even if its not.
I believe that bitcoin will be very significant. But the dollar will continue to be number 1.
For me bitcoin can't replace dollar because government regulates dollar. In fact bitcoin has volatile so can't it be replace dollars or euro. I think 15 years is not enough.
No, I don't think Bitcoin will replace Dollar soon. Considering the wide acceptance of dollar as a currency, bitcoin is accepted in many countries of the world and in other part it is not accepted, they even involve in fighting bitcoin, both the government and even the financial institution, the bank. It will be possible if earlier Bitcoin have been widely accepted just like dollars, i would even have accepted that in 15 years, it would have been achievable. Widely accepted currency would not have any opposition or hindrances if actually it has become a universal digital currency.
I do not think bitcoin will replace dollar soon, but I really trust it that one day bitcoin is replaced doller soon & I think it will be very good for all cripto trader.
I don't see bitcoin in trend list. The main problem is its population. About half of people in the earth don't have knowledge about bitcoin And on the top internet is required to use bitcoins plus its not exist physically. So how people can account the bitcoin with getting any knowledge, for me NO it won't replace the money with bitcoins.
in order to replace the dollar bitcoin should become a state currency...this will never happen, because it can't replace the dollar...besides there are not many chances that it will survive with such long transactions
There is nothing these stupid CEOs won’t say just to get people to invest into their business, well that’s what a business should always do to promote their business. They are always doing everything to attract people to invest in bitcoin (especially in their own company) they might even tell you that Bitcoin will be sold at the price rate of $1 million dollars tomorrow. 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?
Do you think that the bitcoin can replace dollar? Do you also think that people will agree that bitcoin can surpass dollar and become global currency? Bitcoin will never surpass and replace the dollar. 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?
I don't think so, dollar is like the signature of U.S. if it does replace dollars literally then bitcoin itself can replace all money value and can take over the world. but too exaggerated it think
If you mean adoption , BTC is just at infancy, in case of adoption. A long way to go. And few days back, I was stuck with my pending tx for 2 days to be cleared. It was different occasion though. But I still think that BTC is not entirely controlled by its users. BTC is controlled mainly by several types/classes of people. And I think miners sit in the driver seat. BTC will replace USD but USD/fiats are ahead , now
Not soon but it will be at the same place like dollar and will be use like in daily routine by special cars imo and people have to just live with this technology.
Do you think the FED will stop printing dollars and use Bitcoin instead? While they surely have enough money to buy all Bitcoin, what would be their the advantage by doing this? If they want to give up their dollar system then they will likely create their own crypto currency and keep control of it. The FED has only interest in things where they have the control!
I really wonder. As long as they cannot control it, then it cannot replace dollar and people though would be given the chance to make use of it if they wish but as it is already, it would be controlled. Fiats would always still be in existence and it would depend on each users which they want to make use of or not. Buying all bitcoin is not even something they can do at the moment unless you are willing to sell yours to them, and even if they buy all of it, what does that amount to, holding all the bitcoins when another one can just be made?
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