Do You Think Bitcoin Will Replace Dollar Soon? - page 57.

Mr. Legendaris

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I'm not sure that bitcoin will replace the dollar soon, which we must remember is the world's largest and strongest dollar currency, almost all trade between countries using dollars so bitcoin will be difficult to replace the dollar in the near future.

Kikeeping

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Never happen. Because the strength bitcoin as a currency can't reach all areas in various countries. And there are some countries that clearly prohibit bitcoin. So, until when bitcoin will remain as King of digital currency.

appleffi

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One of a kind

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?

This topic was posted in year 2015, and we are now in year 2017. Two years has passed and bitcoin is becoming more and more recognizable in people eyes and as it progress a lot of people become more interested in bitcoin. But though bitcoin is becoming trending each day, still dollar remains to be the money we consider to have and not bitcoin. Although we may exchange the bitcoin to dollars but it will not be btc as is only because dollar is handled by the government while btc is not. And government has the biggest say regarding what money is the most relevant and acceptable in our daily use. Not even in 15 years I imagine that dollars will be replaced, not even later than 15 years or so.

Kakawate

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Quote from: altcoinhosting on July 29, 2015, 03:17:21 AM

I honestly don't think it'll happen, certainly not in 15 years... In 100 years maybe?

You got a point there, dollar has been around and ruling the world for how many years now, I think its not gonna be replaced by bitcoin or any other cryptocurrencies that easily, 15 years is quite fast, bitcoin is being known world wide in a fast rate, but the legal matters of it is gonna drag cryptocurrencys popularity, so I think its not yet gonna happen anytime soon.

dhas

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Quote from: g1974ak on July 29, 2015, 04:06:04 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?

I don't think so. Us dollar is an international and very established money. To many countries (to not tell almost all) have their reserves in their Central Banks mostly in us dollar. Has almost the status of gold. Bitcoin has the qualities of being reserve money (is uninflationable) but I think that it is insufficient to fulfill the requests of all the countries.

Me too, I dont think that will happen that the bitcoin will replace USD in the future. Government will not let that to happen and I think the world will not yet ready for that. Bitcoin is for digital currency, because it is done online and not applicable in the real world. Aside from that the value of bitcoin is not stable it change oftenly.

trifiz

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Don't even think the goverment would allow something like that.
It's too risky and they will lose control of the entire economy.
Bitcoin's supply/demand can't be adjusted unlike the dollar, which means they can't stimulate the economy or influence inflation/deflation, which are both prerequisites for a healthy economy.
BTC will probably always be a secondary market and might even be regulated one day, which would be interesting to see.
But that's too far ahead and the different governmental bodies don't know yet how to handle this new technology.. we'll have to wait

Nathland

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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 .

Drixy

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reading.......

Trust me its all hoaks and that will not defintely gonna be true because nothing could replace a international currency to a digital currency that does not supports all kinds of stuffs like all billing every little pieces around the would acknowledge the true purpose of dollar even little kids knows about dollars it could not be replaced by a cryptocurrency powered by electronics or servers. We would be depending on gadgets now and it is not so good what happens if hackers can steal all the wayinto that were definitely doomed and there will be more cyberattacks through the internet and probably the system will collapse because it cant keep up to the users or traffics

bitcoinvamp

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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 don't think that could happen as cryptocurrency cannot replace the country currency on whatever reasons. The government on the other hand would never let that happen under any circumstances . Replacement of a currency entirely is not a easy task and to implement it throughout could lead to massive loss in world market.

2hot2handle

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Quote from: Sled on October 24, 2017, 06:26:15 AM

Quote from: Asmonist on October 24, 2017, 02:03:36 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?

Anything could happen. Dollar is a universal currency. It will rely on the authorities governing such regulations. Replacing dollar to bitcoin may happen but that change would take years. We cannot immediately replace dollar.

There is nothing wrong with dollar so why we need to replace the dollar with bitcoin? Why we can't just have both of them because bitcoin and dollar can work together to develop a more convenient way of payment system that every level of the people can get benefits because if they will work together then they can develop a currency that can work either offline or online.

Having both will give advantage for us all we have a choice to which currency to use when we will make transaction and having other options is better than having only one. Dollar and Bitcoin can co-exist and can work together to make a better economy.

nlhuy0905

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No chance at all. But I do believe that it will be used in the background, for transfer between Banks and whatnot.

Sled

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Bitcoin- in bullish time

Quote from: Asmonist on October 24, 2017, 02:03:36 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?

Anything could happen. Dollar is a universal currency. It will rely on the authorities governing such regulations. Replacing dollar to bitcoin may happen but that change would take years. We cannot immediately replace dollar.

There is nothing wrong with dollar so why we need to replace the dollar with bitcoin? Why we can't just have both of them because bitcoin and dollar can work together to develop a more convenient way of payment system that every level of the people can get benefits because if they will work together then they can develop a currency that can work either offline or online.

rainezerr401

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In my own opinion, I think that it is not possible to change the dollar to bitcoin currency because everyone in the entire world is using dollars and it is circulating the world bank, So it means that it was a huge change for the entire world if they will swap the currency into bitcoins immediately.

justspare

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Quote from: Black Angel on October 23, 2017, 06:24:02 AM

Quote from: Botnake on October 23, 2017, 01:41:41 AM

Quote from: chichigirl on October 23, 2017, 12:07:00 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?

I don't know if that is possible. I believe that bitcoin will be known all over the world in the future but i doubt about replacing USD with BTC because not everyone can adopt changes in monetary system.

That is just his opinion, everyone can have their and even if they believe bitcoin will replace dollar it seems like it's an impossible mission for us
backers of bitcoin. Dollar is so powerful and that is the money of a certain country and the central bank won't allow that, they even want bitcoin to be regulated so they will control us.

I agree, I think it's impossible to beat the dollar in the near future, nowadays many countries are campaigning bitcoin banned and if this goes on then I'm worried about using bitcoin to be considered a crime.

The thing is we never know what will happen in the coming days as future is totally unpredictable. Anything can happen. As far as beating of dollar is concerned, I think that there are likely chances of this thing to happen and soon we can see this thing that dollar is being replaced by bitcoin.

The only hurdle is the legalization of bitcoin. Once bitcoin will be declared as legal, things will be very much different.

Asmonist

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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?

Anything could happen. Dollar is a universal currency. It will rely on the authorities governing such regulations. Replacing dollar to bitcoin may happen but that change would take years. We cannot immediately replace dollar.

Janademir4

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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?

15 years in the future is not impossible if bitcoin will replace the dollar as a benchmark of the international currency, with records before 15 years that all countries in the world have legalized bitcoin in their respective countries

josh07

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for me it's not the dollar because it's one of the most permanent money in the world anywhere you go with the dollar you see one dollar in the hardest money and not merely convert bitcoin because it's not quite known so it's not too people know or know usd has long been in our world and no bitcoin has a dollar so the dollar could not replace the dollar.

Finestream

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Quote from: Fappanu on October 23, 2017, 11:41:37 PM

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?

I don't think so. Dollar is dollar and I bet it's hard to replace it. If bitcoin's value will increase more than what we expect for years maybe it will be possible. But i think it will take years to surpass it.

Dollar is controlled by one of the most powerful country and as long as they have the power to create a law and impose it, this would be hard for a decentralized currency to take over the legal currency. He believe it will happen but I don't think he considers how strong dollar is and how limited bitcoin is as well.

UzumakiSakuragi

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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?

I think that could be possible, and if there is a currency that is closest in replacing dollar, that is gonna be nothing else but bitcoin. Bitcoin is the only cryptocurrency which has the possibility to ever replace dollar, as of today it has already surpassed dollars in a rate that is just so great I don't think dollar could ever reach that kind of rate or price.

Fappanu

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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?

I don't think so. Dollar is dollar and I bet it's hard to replace it. If bitcoin's value will increase more than what we expect for years maybe it will be possible. But i think it will take years to surpass it. Bitcoin is decentralized so it would be hard for government to monitor it's growth, which would be unfavorable for them.

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