Do You Think Bitcoin Will Replace Dollar Soon? - page 77.

Natalim

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Quote from: Bitcotalk on September 06, 2017, 03:03:21 AM

Quote from: Crosshair on September 04, 2017, 09:29:10 AM

My answer is no bitcoin cannot replace any other physical currency because some other government instution banned bitcoin in their country and really for the fact that bitcoin anonymous well i can say theirs no way it can replace dollars because first dollar is the biggest contributor in economic trades as we can see what we see symbol for currency we trade online its always dollars, and that stated how power is the dollars thay influence global market thats why bitcoin is nobody for dollars.

Indeed bitcoins are unable to replace fiat because fiat has very deep roots in the world economy. Dollar is paper money and people will not stop using it because they feel comfortable dealing with paper money. Otherwise nothing could have stopped bitcoins from knocking out from the economical system.

I think everyone has our own belief and I would respect anyone who think that bitcoin will replace fiat or dollar as they are too confident
with the greatness of bitcoin. For me, there is a possibility maybe but that would be an impossible mission for all of the supporters to make it happen.

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Quote from: Crosshair on September 04, 2017, 09:29:10 AM

My answer is no bitcoin cannot replace any other physical currency because some other government instution banned bitcoin in their country and really for the fact that bitcoin anonymous well i can say theirs no way it can replace dollars because first dollar is the biggest contributor in economic trades as we can see what we see symbol for currency we trade online its always dollars, and that stated how power is the dollars thay influence global market thats why bitcoin is nobody for dollars.

Indeed bitcoins are unable to replace fiat because fiat has very deep roots in the world economy. Dollar is paper money and people will not stop using it because they feel comfortable dealing with paper money. Otherwise nothing could have stopped bitcoins from knocking out from the economical system.

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Quote from: Superways on September 05, 2017, 06:59:45 PM

Quote from: Wingo on September 03, 2017, 12:23:21 AM

Nope, it cannot happen. The government would not want a decentralized and a digital currency to be used in everyday life of every people. It's not practical for that matter.

Well you cannot be this much sure about anything. It is just time which will decide that whether or not this thing can happen. For me, anything is possible and you can expect anything to happen in coming years. There are chances of this that Bitcoin will manage to replace Dollar one day, but at present it will be nearly impossible.

Let's stick to the present, with that prediction we are dethroning dollar in the this and probably the other currencies as well as we know
dollar is a very powerful currency. I think think it will happen even in the future, just recently china announce they ban ICOs and bitcoin drops,
what more if they will announce bitcoin will be ban, then for sure it will become worthless.

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Quote from: Wingo on September 03, 2017, 12:23:21 AM

Nope, it cannot happen. The government would not want a decentralized and a digital currency to be used in everyday life of every people. It's not practical for that matter.

Well you cannot be this much sure about anything. It is just time which will decide that whether or not this thing can happen. For me, anything is possible and you can expect anything to happen in coming years. There are chances of this that Bitcoin will manage to replace Dollar one day, but at present it will be nearly impossible.

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No, that idea is a little bit farfetched. Dollar is a big currency, highly established and trusted by many while bitcoin is an unstable, and somewhat new currency. And besides, for bitcoin to be at least equal grounds to dollar, it has to be used by many people.

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Quote from: stolendata on September 05, 2017, 03:15:19 PM

Quote from: MCS23 on September 05, 2017, 08:31:47 AM

I do not think that bitcoin will soon replace the dollar, because these are two different directions and the instability of bitcoin will be unprofitable for many entrepreneurs.

yes it do not look like that bitcoin will replace dollar soon . i think that it will take more that century because currently a very little number of people know about bitcoin and the majority of people still do not know about it. i think it is not such an easy job to make a new system i think it is possible but not so easy, it will take generations may be the next generation will replace bitcoin for dollar.

As a whole when the number of bitcoin users were calculated, we are very small in number compared to the fiat used all around the world. This has caused the fiat usage more easier than the bitcoin usage and now a days little by little bitcoin usage keep on increasing. Hope the same might lead for a healthy growth, but won't replace the dollar.

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Quote from: millgates on September 04, 2017, 10:40:09 PM

Quote from: WatchMaker on September 04, 2017, 05:57:04 PM

Quote from: Crosshair on September 04, 2017, 09:29:10 AM

My answer is no bitcoin cannot replace any other physical currency because some other government instution banned bitcoin in their country and really for the fact that bitcoin anonymous well i can say theirs no way it can replace dollars because first dollar is the biggest contributor in economic trades as we can see what we see symbol for currency we trade online its always dollars, and that stated how power is the dollars thay influence global market thats why bitcoin is nobody for dollars.

Yes, for that matter as well, I see China has banned ICOs and bitcoin to currency exchange today.
Perhaps in future, the government may learn more on how to implement bitcoin ourthe societies.

I am sorry but I disagree with you two, there is a probability that bitcoin can replace fiat. Some countries has legalized bitcoin and some countries has banned it. People in Denmark are trying to decrease the fiat usage and replace it by virtual currency. I think bitcoin has probability to replace dollar but not soon.

Be realistic dude, there is no possibility for bitcoin to replace fiat currency. It doesn't have enought market value. Imagine how billions of dollars are in the service now, maybe trillions of dollars. Bitcoin wouldn't be enough to get used as a fiat currency on the earth.

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Quote from: MCS23 on September 05, 2017, 08:31:47 AM

I do not think that bitcoin will soon replace the dollar, because these are two different directions and the instability of bitcoin will be unprofitable for many entrepreneurs.

yes it do not look like that bitcoin will replace dollar soon . i think that it will take more that century because currently a very little number of people know about bitcoin and the majority of people still do not know about it. i think it is not such an easy job to make a new system i think it is possible but not so easy, it will take generations may be the next generation will replace bitcoin for dollar.

Akash1243

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I don't think so that bitcoin can replace dollar or any other currency for now at least as Bitcoins are still very volatile,unstable and needs time for confirmations and all that disadvantages of bitcoins.But of course bitcoins have the potential to replace every fiat in the future.And many countries haven't even legalised bitcoins and if by chance bitcoin slowly start replacing dollars i think so government will remain silent and they will start to either ban or try to control Bitcoin.

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I doubt It, the dollar does not need replacing. It is what it is and bitcoin is something completely different. They compliment each other, there should be no hurry to replace unless of course you are Chinese.

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I do not think that bitcoin will soon replace the dollar, because these are two different directions and the instability of bitcoin will be unprofitable for many entrepreneurs.

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as soon it is impossible dream that bitcoin be the main currency but if we feel the bitcoin is saved then we can show the dream is be fact

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I never think Bitcoin will change it but I think Bitcoin will turn into more of the normal that fiats have to hold them selves to.

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Quote from: Erdogan on September 02, 2017, 05:44:38 AM

Bitcoin have power. Everyone who study economy know that. But anyway it is only experiment!

Bitcoins have got the potential to be the next international currency of the world beating dollar and all currencies next to it in line. Dollar is nothing in front of bitcoins. The price of one bitcoins is much more than 1 dollar. Dollars seems to be a toddler in front of bitcoins, lol.

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Quote from: WatchMaker on September 04, 2017, 05:57:04 PM

Quote from: Crosshair on September 04, 2017, 09:29:10 AM

My answer is no bitcoin cannot replace any other physical currency because some other government instution banned bitcoin in their country and really for the fact that bitcoin anonymous well i can say theirs no way it can replace dollars because first dollar is the biggest contributor in economic trades as we can see what we see symbol for currency we trade online its always dollars, and that stated how power is the dollars thay influence global market thats why bitcoin is nobody for dollars.

Yes, for that matter as well, I see China has banned ICOs and bitcoin to currency exchange today.
Perhaps in future, the government may learn more on how to implement bitcoin ourthe societies.

I am sorry but I disagree with you two, there is a probability that bitcoin can replace fiat. Some countries has legalized bitcoin and some countries has banned it. People in Denmark are trying to decrease the fiat usage and replace it by virtual currency. I think bitcoin has probability to replace dollar but not soon.

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Quote from: Wexnident on September 04, 2017, 05:47:22 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 a big currency and it also have a physical market value. Given the fact that it is used and is legal to different countries, it will be impossible if Bitcoin will replace it within 15 years. Maybe Bitcoin in the future will be more dominant or will be more used than other currency but it's really hard to tell that it will totally replace dollar.

really bitcoin has a high enough price but it will not be easy to replace the dollar, and when bitcoin has begun to control the country's currency of course the government will not remain silent and will ban the bitcoin

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Quote from: Crosshair on September 04, 2017, 09:29:10 AM

My answer is no bitcoin cannot replace any other physical currency because some other government instution banned bitcoin in their country and really for the fact that bitcoin anonymous well i can say theirs no way it can replace dollars because first dollar is the biggest contributor in economic trades as we can see what we see symbol for currency we trade online its always dollars, and that stated how power is the dollars thay influence global market thats why bitcoin is nobody for dollars.

Yes, for that matter as well, I see China has banned ICOs and bitcoin to currency exchange today.
Perhaps in future, the government may learn more on how to implement bitcoin ourthe societies.

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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 a big currency and it also have a physical market value. Given the fact that it is used and is legal to different countries, it will be impossible if Bitcoin will replace it within 15 years. Maybe Bitcoin in the future will be more dominant or will be more used than other currency but it's really hard to tell that it will totally replace dollar.

WatchMaker

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Yes, bitcoin may replace USD in the future but I think both have their own roles to play.
USD will be used as paper currency from banks and cash n' carry businesses.
While bitcoin will provide fully functional cashless economy.

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Quote from: PhucS on September 04, 2017, 12:44:25 PM

Quote from: wilwxk on September 03, 2017, 12:37:28 PM

Bitcoin will replace dollar when it comes to online transaction. But if physical it will never happens, bitcoin will be the primary currency in digital area I think bitcoin transaction will replace paypal and bank transaction when the first crise comes.

I agree with your opinion. Currently Bitcoin is dominating the online trading volume, the number of transactions taking place in a day is a lot compared to the dollar. This is also understandable because Bitcoin is a digital electronic money that only works on the internet for the purpose of making transactions more convenient and simpler. As far as physics is concerned, as you said, it probably never will. The fact that the dollar is still used by so many people in the world, it's essential in daily spending.

It will never happen, the solution only if all countries agree to enforce bitcoin as a virtual currency together legally, it will lead to a positive circulation for businesses around the world, but unfortunately the government has not been able to control the online business so it has many loopholes in security. If the dollar is able to integrate offline then he will get a great response from the exchange of every bitcoin online every day, this balance will not be unmatched.

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