Do You Think Bitcoin Will Replace Dollar Soon? - page 55.

Joshapat

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Quote from: hah on October 25, 2017, 09:33:50 PM

I don't think bitcoin will replace fiat anytime soon, maybe 50-100 years later. Bitcoin simply going to be digital gold for 1st world countries while fiat dominates everywhere.

To replace the dollar with anything including bitcoin I think is impossible, though someday the use of bitcoin is the largest but as long as the USA state is still a superpower country it seems difficult to replace the dollar.

hah

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I don't think bitcoin will replace fiat anytime soon, maybe 50-100 years later. Bitcoin simply going to be digital gold for 1st world countries while fiat dominates everywhere.

r1nd3m1r4

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I think it is possible that even if the price of bitcoin is now above the wind but will not be able to replace the dollar position in a short time

gilabusuk1

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I believe that bitcoin will shift the position of Dollar in international currency even though bitcoin does not have its currency form like money but bitcoin equally have value even for its unit more worth bitcoin compared with dollar

stergium

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Quote from: Iveyalla on October 25, 2017, 09:31:03 AM

I think it's impossible to happen. Because as good as any bitcoin never replace dollar as international currency that applies in any country. While bitcoin, it always exist as a digital currency only, no more.

I do not think that it is impossible, because to me i think everything is possible in this world, But it i think that it is not such an easy job, because USD is one of the most poplar currency fo the world, and most of the people are giving preference to USD. i think when the users of bitcoin will increase then it will really become more popular and may be in next few decades people will be still depending on fiat.

Tukang Becak

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I find it very difficult to replace the dollar as long as USA is still a super power country, we all know that currency is related to power and for when USA is too strong to be defeated, although bitcoin market will have strong but it will be difficult to replace dollar.

Blitzboy

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Quote from: Bellator on October 24, 2017, 05:09:49 PM

Quote from: Nathland on October 24, 2017, 08:39:17 AM

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 think bitcoin can not replace dollar soon. Because still many people do not know about bitcoin. And there are many millions people who still don't use Internet and than they how can depend on bitcoin. So before the replacement of dollars, there is a urgent need that every person on earth can access the account and they should have a basic knowledge of Internet than they can understand the bitcoins and till they will own the bitcoins. Than there will be chances that bitcoin can replace dollars. Bitcoin has strong potential but it needs and depends on Internet. Without the access of Internet, bitcoin can be used, stored .

Yes i agree to you that bitcoin is impossible to replace the dollar for the other reason that we know that bitcoin is an crypto currency and today's world is not yet fully capable of running all things digitally and aside of that maybe government doesn't allow that to happen since one of the measure of country's economic progress is through there currency value, and other obvious reason that the government never let bitcoin to replace the dollar is there taxation will be lowered and political power will be lost.

WE do not need bitcoin to replace dollar because it is impossible since bitcoin only produce 21 million coins. However, we can expect that other cryptocurrencies will replace this Fiat. As you know, the government controls everything in our country. But the people want to control themselves and their own property. They do not need the governemnt to corrupt their life or their balance. In the future, I believe there will be no government Wink

sbrys

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Look at all these BTC hardforks. Isnt this replying no to the question if it can replace fiat ?

jak3

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Hell yeah, I think that's a possibility with Bitcoin we can face . Bitcoin is going to replace all the dollars and even the real money we can see that banks have made this paper money is just for our convenience but now we have Bitcoin we can improve this money system way much more. Bitcoin has a huge potential and we know that Bitcoin has giant the network and it is been 8 years and we can see how much it has grown, we have witnessed many scenario. Which proves that Bitcoin have a highest possibility to compete with banks and that States that Bitcoin will replace dollars soon.

polohokeun

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In my opinion, to replace dollar as world's major currency takes very long time. Especially with bitcoin, which hasn't been accepted by all countries. This be an obstacle for bitcoin.

kokobaba880

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I think NO bitcoin will not replace the dollar because dollar is the international currency every country is bound to accept in the dollar and that’s why bitcoin can be easily changed into other type of currencies. To say that in the present time we can perform any business activity without bank it will be very difficult for us there are so many risk involved with this. Banks are the back bone of this economy and we can do many transaction through banks every day. That’s why we can’t eliminate the banks from the world.

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Quote from: Getcoinsite on October 25, 2017, 12:06:33 PM

Thats far from reality,america fight for their country and people for how ceturies now just for their currencies or monitary to be replace by bitcoin?whats the sense of their presidents putted in every monitary and soon wil, be throw as trash,this will never happen,

That's right! The fact, there is have not any the government want to accept Bitcoin and help it replace FIAT. Even the Japanese government accepted Bitcoin, they still do not have any decision to help Bitcoin replace their FIAT, they just want to help the cryptocurrency community more popular than in their country.

angela24

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no way. virtual currency cannot be comparable with real assets or currency.

kyori

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Nope and never, bitcoin is volatile while physical money is fixed. Bitcoin can not buy all things but physical money does and bitcoin can disappear but physical money do not.

Dr.Osh

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Quote from: deejayce48 on October 25, 2017, 12:28:53 PM

I don't know. But one thing is for sure, this is a real threat to the government. As what I see, our government won't allow things to be superior rather than them only. They do not want those that they cannot control.

Well, there is still a lot of negative news about bitcoin. well, there are even some countries that are trying to block bitcoin from their country. whether it's because of what, but I think, for now, there is still very little chance for bitcoin to replace the dollar.

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Quote from: Red Fire on October 25, 2017, 12:34:54 PM

Quote from: Dire on July 29, 2015, 03:28:44 AM

It's not going to happen. More likely, the dollar will replace itself with 'Digital Dollar 2.0' that will somehow "solve" all the traditional dollars problems and make it more convenient for use (but still fiat.)

Coinbase really knows how to wave that banner though.

But there are still people who can't even afford to earn a dollar so I don't think bitcoin can replace dollar in any possible way. Dollar is much easier to use for those kind of people because I think bitcoin was designed for people who have money. I am not saying that all poor people can't afford to use bitcoin but stil there is a percentage people would still choose dollar over bitcoin.

Theres a percentage number of people?I would rather believe that most or all of people do still tend to make use of dollar knowing that this local fiat can really be used in anything without any limitations and can really be used in any parts of the world which we cant able to see on bitcoin itself and the heck on comparing digital currency on a centralized local fiat system.

Red Fire

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Quote from: Dire on July 29, 2015, 03:28:44 AM

It's not going to happen. More likely, the dollar will replace itself with 'Digital Dollar 2.0' that will somehow "solve" all the traditional dollars problems and make it more convenient for use (but still fiat.)

Coinbase really knows how to wave that banner though.

But there are still people who can't even afford to earn a dollar so I don't think bitcoin can replace dollar in any possible way. Dollar is much easier to use for those kind of people because I think bitcoin was designed for people who have money. I am not saying that all poor people can't afford to use bitcoin but stil there is a percentage people would still choose dollar over bitcoin.

deejayce48

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I don't know. But one thing is for sure, this is a real threat to the government. As what I see, our government won't allow things to be superior rather than them only. They do not want those that they cannot control.

Harley0501

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I dont think so. Bitcoin prices are very fluctuative. If it's happen, i'm sure, it will take a time. Now, bitcoin prices are very high. The economic of country can be stable. I hope bitcoin will always be as investment like gold, not as currency to replace dollar.

_noname_

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i don't think so that bitcoin will replace dollar because dollar is the legalize and most famous currency of the supreme power country of the whole world. Dollar has many number of follower through out the whole world. yes it is true that bitcoin will decrease value of dollar up to some extent.

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