Do You Think Bitcoin Will Replace Dollar Soon? - page 46.

expless

member

Activity: 200

Merit: 11

Quote from: candy69 on November 14, 2017, 10:16:11 AM

US Dollar is the strongest currency in the world. It will remain so in the near future. Bitcoin is not going to replace dollar in the next 20 years.

There are chances of this thing to happen but I don’t really think so that this will happen in the near future. There is no point if denying this fact that dollar is an internationally recognized currency and there are number of people who are using it since centuries and will keep on using it. Bitcoin do need lot of time in order to compete with that of dollar. Legalization is another important factor in this regard.

SashaAbraham

newbie

Activity: 15

Merit: 0

Quote from: Huobi-USD on July 29, 2015, 03:13:36 AM

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?

No, I dont believe in that. Bitcoin will never replace dollar, I think. Any national cryptocurrancies - may be, bitcoin - no. Bitcoin is a bubble, and can be easily manipulated.

kodtycoon

legendary

Activity: 1568

Merit: 1002

No, I personally never thought that way. Bitcoin is not a currency, bitcoin is merely a tradable asset. Bitcoin will not replace the dollar. I do not know if there is a country that makes bitcoins for their currency, as long as they are comfortable, I do not think it's a problem.

xebecstyx

member

Activity: 168

Merit: 10

Quote from: VirosaGITS on July 29, 2015, 03:14:39 AM

Quote from: Huobi-USD on July 29, 2015, 03:13:36 AM

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?

Nope. I very doubt government will want to relinquish control...

As a sub currency it could gain mainstream use but i think there will be much blood before BTC replace the Dollar.

I agree. I doubt that it would replace the dollar. It plays in a different market altogether, and I think, even if the value of bitcoin would continue to rise, there will still be some people who would trust using fiat than crypto, and there, the dollar would come as a surety to keep the market going. I foresee bitcoin and dollar would interplay and maybe used side by side instead of one replacing the other.

bytomboy1234

member

Activity: 145

Merit: 14

Quote from: Mehedi72 on November 18, 2017, 01:22:16 PM

15 years is a lot time and i maybe too late. Btc price is raising so fast and investment with it is profitable. Besides bitcoin is the best currency and method of payment, very easy to use, help to earn and thus plays role to chaining the world

Bitcoin will not replace dollar because dollar has been use by the masses because it is required by the government and it was govern with the law of a state. If we will replace dollar with bitcoins that would be possible but it takes a lot of time for transition as bitcoins is a little bit complicated for less educated people.

Mehedi72

full member

Activity: 760

Merit: 109

PredX - AI-Powered Prediction Market

15 years is a lot time and i maybe too late. Btc price is raising so fast and investment with it is profitable. Besides bitcoin is the best currency and method of payment, very easy to use, help to earn and thus plays role to chaining the world

sumanto

full member

Activity: 462

Merit: 100

Quote from: Huobi-USD on July 29, 2015, 03:13:36 AM

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 this can happen if bitcoin transactions are better and more efficient than dollars, and banknotes like dollars are not valid in the future because of the existence of digital currencies like bitcoins.

ToyotaFortuner

full member

Activity: 574

Merit: 100

Quote from: Huobi-USD on July 29, 2015, 03:13:36 AM

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?

it seems very improbable, because the dollar has become an international means of payment and has been recognized in all countries, but does not cover the possibility if bitcoin can be received in all countries then bitcoin will be able to replace the dollar in the future.

fearcoka

legendary

Activity: 1008

Merit: 1000

Quote from: robotrobert on November 16, 2017, 04:30:42 AM

Quote from: Trela on November 10, 2017, 12:06:32 PM

Quote from: firsttime99 on November 09, 2017, 06:09:11 AM

Quote from: Sled on October 14, 2017, 09:03:30 PM

Quote from: Superways on October 14, 2017, 07:14:19 PM

Quote from: GregH37 on October 12, 2017, 01:33:17 AM

Quote from: Fatanut on September 23, 2017, 04:59:48 AM

Quote from: frowsiter on September 23, 2017, 03:15:35 AM

Why does he even think like that in first place. It is the price difference and exchange capability of bitcoin and fiat currency which us making is rich. If that gets replaced with one currency then how we can get the profits or how we can differentiate ourselves with that price tag. I think it's not possible because it's just not well possible! There can not be two sun in the single solar system, it will burn the life. So there can not be two currency otherwise it will just break down the economy of country. The dollar bill is something related to traditions, old ways of trading and it will never get replaced in any time soon. Bitcoin is perfect fit in the internet world and might not just fit in the real world. So may be not this time.

While I do agree that two currencies cannot be the main currency of a country, I don't really agree that the world is all about tradition. The traditional way might be sending money with dollars. The traditional way might even be physical fiat but that's clearly not the case anymore. In this modern age, people don't really embrace traditions that much anymore. People seek something new everyday and bitcoin is something new. It's only a matter of time before bitcoin gets considered as a "cool" thing and people will follow the trend. These days, people are into bitcoin because of the ridiculous gains it had given us in the past couple of months.

Another thing, I do agree that bitcoin cannot be the main currency of a country together with their local currency because bitcoin is not taxable. The country will have no funds and so they will be forced to ban bitcoins (which is quite hard to do, impossible even) or put a huge percentage of tax for fiat currency users, which will then of course force them to use bitcoins instead.

I think yes because of the decreasing value of dollar and increasing value of bitcoin. All over the world many people use bitcoin instead of dollars any especially those people who works online even with the US Company from their homes.

The companies often pay their remote employees in bitcoins and not in dollars. The reason is easy transactions and worldwide use. All these things will remove dollar from the market.

It is not a big deal for bitcoin to replace not only dollar but so many other currencies as well. But the thing is, it will not be possible till the time the governments of different countries declare bitcoin as legal currency. This is the only hurdle in the way of bitcoin which is keeping it little less popular than that of dollar. I am very much sure that in the future, things will be in very much favor of bitcoin.

Even though the government will declare bitcoin as a legalized currency then it will not be enough for bitcoin to replace the fiat like us dollar and other currencies because just imagine if bitcoin will become the world's currency, do you think that it will be able to supply all the people based on their demand and do you think that they can use it properly if the price or value of bitcoin is not fixed so those are the questions that needed to be realized by the people who want to replace the fiat with bitcoin.

I agree with you if it becomes and replacement for dollar it won't be able to make it far because there are only 21 million and right now the us has more that 21 million people so it would never be like this impossible to compare those two together.

Haha, after hardfork and created Bitcoin Cash from old chain of Bitcoin in August, I do not need to worry about the total supply coin of Bitcoin in future. If Bitcoin become famous, we can clone more Bitcoin through hardfork like Bitcoin Cash, nothing is difficulty.

And you will be seeing this happening in future. Bitcoin is spreading like a jungle fire. More and more countries are getting to know about it. Few have started to legalize bitcoin and some have done so far like Japan etc. so in upcoming years whenever you think of making some precious things, bitcoin will be there to help you rather dollar. It will definitely replace it within no time.

I only trust Bitcoin, fork coin is clone coin from Bitcoin and these coins will not have opportunity to compete to Bitcoin. Even, I never use Bitcoin Cash and receive it from Hardfork in August because I have held my Bitcoin in Ethereum in that time Grin

. Sadly, my prediction was wrong and I accepted to take loss and buy again Bitcoin before it increase to $4,000.

mifanmuzny

member

Activity: 294

Merit: 16

This happening is not too far people trust me maybe in another 2 to 3 years btc will replace fiat currencies. Fiat extinction is inevitable.

robotrobert

full member

Activity: 406

Merit: 101