Do You Think Bitcoin Will Replace Dollar Soon? - page 58.

megynacuna

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Quote from: cotton ball on October 23, 2017, 06:31:20 PM

Quote from: romeitaly on October 23, 2017, 06:11:17 PM

Quote from: Huobi-USD on July 29, 2015, 02:13:36 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 it will be possible and everyone in the world will use bitcoins and not dollars anymore. But I also think that Dollar will not entirely removed in the world becuase I think it is still important at that time. Many people still not know about bitcoin, and they don't have internet connection. But I'm positive that bitcoin will be used all around the world.

If the dollar currency is erased then all fiat currencies in the world will also be the same, it will be harmful to the ecosystem and economic sovereignty, if bitcoin replaces it all, it will wipe out all the old bureaucracy and conspiracy, this will cause a big war because every country will claim to have bitcoin.

i don't think it will ever replace the dollar but it will rather coexist with the dollar and other fiats as our media of exchange and per the strength of each we will use it for the purpose well suited for it. Banks and governments are going quickly for the blockchain technology and i bet they will dio everything to secure their fiats wuith it also.

cotton ball

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Quote from: romeitaly on October 23, 2017, 06:11:17 PM

Quote from: Huobi-USD on July 29, 2015, 02:13:36 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 it will be possible and everyone in the world will use bitcoins and not dollars anymore. But I also think that Dollar will not entirely removed in the world becuase I think it is still important at that time. Many people still not know about bitcoin, and they don't have internet connection. But I'm positive that bitcoin will be used all around the world.

If dollar currency is erased then all fiat currencies in the world will also be the same, it will be harmful to the ecosystem and economic sovereignty, if bitcoin replaces it all, it will wipe out all the old bureaucracy and conspiracy, this will cause a big war because every country will claim to have bitcoin.

romeitaly

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Quote from: Huobi-USD on July 29, 2015, 02:13:36 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 it will be possible and everyone in the world will use bitcoins and not dollars anymore. But I also think that Dollar will not entirely removed in the world becuase I think it is still important at that time. Many people still not know about bitcoin, and they don't have internet connection. But I'm positive that bitcoin will be used all around the world.

_Dawid_

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It is very good question. For sure in the next few years the digital money will have huge part of this markt. Now we use credit cards and make some transfers but everythink is mercenary. In bitcoin people (or other crypto currency) users would have much faster transactions, money increase because crypto is way much cheaper.

Kr8os

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Unlikely. The value of Bitcoin maybe be higher per dollar, but it's unlikely for it to replace the existence of the dollar / fiat money. The dollar or fiat money in general is still very widely used and very hard to deprecate.

Bonenx14

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Quote from: polymerbatt on October 23, 2017, 07:13:12 AM

Quote from: Macukica on October 23, 2017, 06:19:07 AM

Quote from: CoinFlippo on October 23, 2017, 03:52:52 AM

No not soon maybe after 50 years. People still trust euro's and dollars. They will still use it because they fully trust it. I trust euro and dollar also so it will be difficult for people to step over.

I think i will use euro and bitcoin at the same time. I don't want it to replace our currency.

I agree with you and I think bitcoin is growing, so I'm investing money into it.

Bitcoin is growing indeed but i don't think bitcoin will replace dollar anytime. Dollar is an official money in USA and replace it with bitcoin ? It's impossible but bitcoin can popular on USA too maybe become the 2nd popular currency beside the dollar.

I think bitcoin can not replace the dollar, although the use of bitcoin that we can use as an investment and others, does not mean that bitcoin can replace the dollar in the eyes of society. because the people around still use the dollar as a means of transaction.

Kyrgyzguy

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I don't think so bitcoin is cryptocurrency if it will replace USD how come those people who is not using internet or literate enough to use bitcoin for their daily transactions? I believe bitcoin can became one of the major currency in the market, it's getting more popular now and there are more number of users added from time to time but to replace USD that would be impossible.

0t3p0t

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Peace be with you!

Quote from: Huobi-USD on July 29, 2015, 02:13:36 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 don't think that is gonna happen in the future or the government allow that to happen. And besides we undeniably need fiat money right? Decentralized asset is different from centralized ones that is controlled created by government. Maybe the best thing we can do is to have them balanced. I mean it is better to have both assets than just one. The government may prohibit cryptocurrency but crypto community can't do the same to fiat money. It maybe accepted by governments but not to really replace fiat totally. Yes I am positive towards Bitcoin's future status because it is the best investment I ever had and I know that we will be millionaires in the near future through Bitcoin.

Kyrgyzguy

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I don't think Bitcoin will ever replace the dollar or euro. One of the facts is that it's price is very volatile. But I do think that it will become mainstream one day. Roll Eyes

polymerbatt

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Quote from: Macukica on October 23, 2017, 06:19:07 AM

Quote from: CoinFlippo on October 23, 2017, 03:52:52 AM

No not soon maybe after 50 years. People still trust euro's and dollars. They will still use it because they fully trust it. I trust euro and dollar also so it will be difficult for people to step over.

I think i will use euro and bitcoin at the same time. I don't want it to replace our currency.

I agree with you and I think bitcoin is growing, so I'm investing money into it.

Bitcoin is growing indeed but i don't think bitcoin will replace dollar anytime. Dollar is an official money in USA and replace it with bitcoin ? It's impossible but bitcoin can popular on USA too maybe become the 2nd popular currency beside the dollar.

chelle5

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I do not believe that bitcoin will replace dollar soon.Dollar has its own character and it will still be one of the top currencies of the world.

rainezerr401

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Quote from: Huobi-USD on July 29, 2015, 02:13:36 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?

In my own opinion changing the currency of a country is very impossible since everyone is using fiat and they use it in their daily life style. It will be a huge debate for different countries if they will replace the dollars immediately.

developer101dev

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Quote from: Huobi-USD on July 29, 2015, 02:13:36 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?

News today are not affected by bitcoins and maybe if that is true then all of the country will complain about that because bitcoins is not stable and not everyone can earn bitcoins. There are so many companies that started with a currency of dollars or their fiat and it is not possible to convert it immediately.

Macukica

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Quote from: CoinFlippo on October 23, 2017, 03:52:52 AM

No not soon maybe after 50 years. People still trust euro's and dollars. They will still use it because they fully trust it. I trust euro and dollar also so it will be difficult for people to step over.

I think i will use euro and bitcoin at the same time. I don't want it to replace our currency.

I agree with you and I think bitcoin is growing, so I'm investing money into it.

WannaCry

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Quote from: Huobi-USD on July 29, 2015, 02:13:36 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 that the US government will allow bitcoin to replace their currency. This is the United States we are talking about. They are one of the most powerful countries in the world, so I doubt that they will give in that easy.

Macukica

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With Bitcoin you never know because fewer people are holding big capital. Similar to the banks and when they decide to monetize their bitcoin, everything goes down. Every day there is at least one new currency that has been changed and it is only a matter of time when some of these virtual currency will take over the market. Everything is possible with bitcoint.

Pauk85

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I agree to people above. Not in the near future (aka 15-20 years). It's hard to predict anything beyond this threshold. At least because we don't know when A.I. will be developed. I really don't see a need in looking more than 20 years ahead, because of uncertainty that comes from probability of creating self-aware A.I.

But in the next years all central banks will try to resist cryptorevolution. Ban ICO's, outlaw crypto, introduce national pseudo-crypto money etc. But people will still use true decentralised cryptos. Im strongly confident that in the next 5 years crypto-market will skyrocket to 1 trillion as soon as lots of projects that is on ICO stage or being developed and coded right now, will work at full scale and provide amazing benefits to all users.

If do not take AI factor in concideration, then i'll say that eventually the world will decentralize and dollar can lose its dominant position. You know it is actually sad when you live in a country where national currency has dropped to a dollar by a factor of 13 in 20 years... Cryptorevolution will mostly be supported by a countries like mine, with very weak economy and currency... And because this kind of countries is a majority in the world i have no doubts in a successfulness of cryptomoney.

Afnan_faizah

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Quote from: mware on October 23, 2017, 05:50:48 AM

Quote from: Huobi-USD on July 29, 2015, 02:13:36 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’s not going to replace the dollar. it will serve as a complement to fiat currencies or alternative to the gold. Although digital currency is slowly growing in popularity but they have many problems in it that make slow adoption

Although the bitcoin adoption is slow but bitcoin has good popularity in some big countries. It is not impossible to other currency to replace dollar.This is bad year for dollar, the price is down 11% against euro, 5% against pound sterling and 6% against yen. It looks like the dollar is starting to lose its enthusiast. Many countries save dollar as reserve currency because those countries believe that USA is the strongest country which can keep their currency stable, that Is the reason why dollar is become the international currency.

lenovo16

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Quote from: Huobi-USD on July 29, 2015, 02:13:36 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?

If you are asking me if I'am positive about bitcoin? Of course I'am. Im believing that bitcoin has a big future a head especially in digital currency. The value of it is continue to grow in the market. But even if bitcoin has a potential in the digital market, I dont think that it can replace dollar in the near future. I dont think that the government will allow that to happen. Real society and digital community are two different world that can't be compare.

mware

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Quote from: Huobi-USD on July 29, 2015, 02:13:36 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’s not going to replace the dollar. it will serve as a complement to fiat currencies or alternative to the gold. Although digital currency is slowly growing in popularity but they have many problems in it that make slow adoption

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