Topic: Is Bitcoin capable of stepping into the US dollar shoes one day? - page 2. (Read 1749 times)
April 22, 2015, 08:36:19 AM
To do that it should be more stable. Don't know if that's possibe, at least not right now
April 22, 2015, 05:42:53 AM
It will outdo, it is an upgrade for traditional currency.
They're two completely different assets in many ways. Has the Dollar replaced Gold as an investment? No! Many different forms of assets, money, investments, stocks, etc. exist at the same time, profit from one another, challenge one another, or just don't interfere with the other at all.
+1
Bitcoin won't replace dollar as it would require bitcoin not only to become accepted by all the countries that are now accepting dollar but also to surpass it, become more important to make people convert their whole USD holdings into BTC. I don't think we'll ever see it happen.
there is only one way that bitcoin could replace it, if the dollar collapse one day, otherwise there is always the possibility that bitcoin is just accepted more without necessarily take out the dollar, like duo dollar/euro right now
Saving will be done in bitcoin and spending in fiat currency, you only get fiat currency when you try to spend
They're two completely different assets in many ways. Has the Dollar replaced Gold as an investment? No! Many different forms of assets, money, investments, stocks, etc. exist at the same time, profit from one another, challenge one another, or just don't interfere with the other at all.
+1
Bitcoin won't replace dollar as it would require bitcoin not only to become accepted by all the countries that are now accepting dollar but also to surpass it, become more important to make people convert their whole USD holdings into BTC. I don't think we'll ever see it happen.
there is only one way that bitcoin could replace it, if the dollar collapse one day, otherwise there is always the possibility that bitcoin is just accepted more without necessarily take out the dollar, like duo dollar/euro right now
It is very unlikely Bitcoin will become the world reserve currency in the next 20 years , but it certainly has the ability to scale with implementations like the lightning network.
I could see it becoming a popular option for micro payments, international payments and internet purchases in the next 20 years.
I could see it becoming a popular option for micro payments, international payments and internet purchases in the next 20 years.
The kicking picture is incorrect. They will co-exist.
I tend to agree on this too. It will be like some sort of ying yang relationship, blockchain with a deflationary currency-fiat with their QE madness 
They're two completely different assets in many ways. Has the Dollar replaced Gold as an investment? No! Many different forms of assets, money, investments, stocks, etc. exist at the same time, profit from one another, challenge one another, or just don't interfere with the other at all.
Did the fighter jet replace the tanks? No.
Governments will not let go their paper money. Especially the most powerful government.
Bicoin has the chance to be something bigger than any paper money: international currency, not tied to any government.
But for that the bitcoin market needs to be much more stable (or at least rising) and .. some sort of regulation / insurance against scams is still needed.
Governments will not let go their paper money. Especially the most powerful government.
Bicoin has the chance to be something bigger than any paper money: international currency, not tied to any government.
But for that the bitcoin market needs to be much more stable (or at least rising) and .. some sort of regulation / insurance against scams is still needed.
The kicking picture is incorrect. They will co-exist.
Despite BTC being claimed the world’s most unstable asset in terms of investments in 2014, many still think it has all opportunities to outdo traditional currencies.
- Read full article HERE
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