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blackmachinegun
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April 04, 2016, 11:41:29 PM |
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Well bitcoin has no power to remove any currencie soo forget that thing,bitcoin its a potencial investment with high pontencial risk and reward.
I think it might just happen dude I do not think bitcoin could replace the dollar. but certainly there is a currency weaker than dollar. such as the Zimbabwe dollar. the currency was very weak I believe the strength of bitcoin can be larger than that currency. after all I'm sure there will be many people interested in bitcoin |
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Pattart
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April 05, 2016, 12:35:41 AM |
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Bitcoin will never replace dollar any sooner, this is not possible. All countries all over the world do depend on dollar and this cannot be change. Business transactions, clients and all of institutions mostly prefer monetary exchange.
I agree with you dolar is the primary currency for the entire world. the dollar's strength is very strong. impossible for bitcoin could exceed the strength of the dollar. I think if bitcoin want to replace the dollar. bitcoin should do something more than dollars. you have to conquer the world first. to be able to replace the dollar |
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KennyR
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April 05, 2016, 04:00:33 AM |
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Well bitcoin has no power to remove any currencie soo forget that thing,bitcoin its a potencial investment with high pontencial risk and reward.
I think it might just happen dude I do not think bitcoin could replace the dollar. but certainly there is a currency weaker than dollar. such as the Zimbabwe dollar. the currency was very weak I believe the strength of bitcoin can be larger than that currency. after all I'm sure there will be many people interested in bitcoin That's true. Recently Zimbabwe currency value went very low, even now people are using it. So bitcoin will be much stronger by the coming years as it has got the highest price, but will not replace dollar. |
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goinmerry
Legendary
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Activity: 2940
Merit: 1083
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April 05, 2016, 04:48:04 AM |
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Bitcoin will never replace dollar any sooner, this is not possible. All countries all over the world do depend on dollar and this cannot be change. Business transactions, clients and all of institutions mostly prefer monetary exchange.
You mean some country in the world prefer dollar. Not all. Some countries also prefer their own currency as a means of trading, That couldn't be changed just like that. Same with dollar you cannot replace it if you want to. |
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hansom
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April 05, 2016, 04:50:04 AM |
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That will never happen. clearly bitcoin is money internet, while the dollar is the world currency.
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arwin100
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April 05, 2016, 06:29:44 AM |
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That will never happen. clearly bitcoin is money internet, while the dollar is the world currency.
Yes very big yes bitcoin can never replace usd dollars because at the same point bitcoin is digital money And chances of it it can be erased for some period of time of some instance. But usd dollar can be touch and we can hand it easily. |
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Oriannaa
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April 05, 2016, 06:35:53 AM |
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Very likely. More and more services are being linked to it |
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Mr. Big
Member
Global Moderator
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While my guitar gently weeps!!!
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April 05, 2016, 06:56:46 AM |
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That will never happen. clearly bitcoin is money internet, while the dollar is the world currency.
That's true, bitcoin is the internet currency while dollar is in the real world.. in any way, the bitcoin cannot replace dollar...Though bitcoin has a high price, dollar is easy to use and known thru out the world.. |
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redsun114
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April 05, 2016, 09:35:30 AM |
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If we are considering about the non-virtual world then dollar will be replaced by, euro, yen or any other currency, but in virtual/digital world after dollar there is bitcoin which will replace dollar.
I think, it is true, after dollar there are some other currencies which will replace the dollar for the use of international financial affairs, I think European will find a way to establish their euro. |
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Vaskiy
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Activity: 2618
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Tontogether | Save Smart & Win Big
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April 05, 2016, 11:13:09 AM |
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If we are considering about the non-virtual world then dollar will be replaced by, euro, yen or any other currency, but in virtual/digital world after dollar there is bitcoin which will replace dollar.
I think, it is true, after dollar there are some other currencies which will replace the dollar for the use of international financial affairs, I think European will find a way to establish their euro. No, bitcoin won't replace dollar easily. Can you tell on what basis the replacement happens? Dollar is world's currency and bitcoin is not accepted as real money. It is just the digital money. If there is some way to replace dollar by bitcoin, that too takes long long years. |
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n0ne
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April 05, 2016, 04:45:49 PM |
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If we are considering about the non-virtual world then dollar will be replaced by, euro, yen or any other currency, but in virtual/digital world after dollar there is bitcoin which will replace dollar.
I think, it is true, after dollar there are some other currencies which will replace the dollar for the use of international financial affairs, I think European will find a way to establish their euro. No, bitcoin won't replace dollar easily. Can you tell on what basis the replacement happens? Dollar is world's currency and bitcoin is not accepted as real money. It is just the digital money. If there is some way to replace dollar by bitcoin, that too takes long long years. Agreed, bitcoin won't replace dollar if years roll. Bitcoin is just in its digital form. It needs to get physical form to reach more users which is not possible with bitcoin. |
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bakingbad
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April 05, 2016, 05:29:31 PM |
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well i don't think that it is possible to replace dollar in only 15 years, but i am sure that it will be replaces, because bitcoin have really huge potential to become main currency in lots of countries, it is very popular now, so if it will be more popular in future, who knows, maybe will will use bitcoin everywhere in 20 years |
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LuanX3
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April 05, 2016, 05:35:45 PM |
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I don't think so, cause bitcoin has only a few millions in circulation, and dollar has trillions. Bitcoin won't have powers to supply the whole US |
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Piltover
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April 05, 2016, 05:42:33 PM |
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If we are considering about the non-virtual world then dollar will be replaced by, euro, yen or any other currency, but in virtual/digital world after dollar there is bitcoin which will replace dollar.
I think, it is true, after dollar there are some other currencies which will replace the dollar for the use of international financial affairs, I think European will find a way to establish their euro. No, bitcoin won't replace dollar easily. Can you tell on what basis the replacement happens? Dollar is world's currency and bitcoin is not accepted as real money. It is just the digital money. If there is some way to replace dollar by bitcoin, that too takes long long years. Agreed, bitcoin won't replace dollar if years roll. Bitcoin is just in its digital form. It needs to get physical form to reach more users which is not possible with bitcoin. Indeed, I do not see this happen at all, the chance is just small and its indeed highly unlikely also because it will take a lot of time also. Overall the bitcoin is now to small but the fact is that every currency is gonna be digital so the bitcoin will have a lot of competition in my eyes. |
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mrhelpful
Legendary
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April 05, 2016, 06:13:44 PM |
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If anything, we need the stupid regulatory to consider this legal in the 1st place lol.
If it has any chance to face it being replacing the dollar, and re-credit every american or anyone who does to go change it for bitcoin with a minimal service fee provided by the govt.
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krunox123
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April 05, 2016, 06:35:01 PM |
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Most probably not going to happen anytime soon. I don't think so, cause bitcoin has only a few millions in circulation, and dollar has trillions. Bitcoin won't have powers to supply the whole US 1 BTC is equivalent to 100000000 Satoshis. So, yes. I think, it is possible for Bitcoin to supply the whole USA and even the entire world. |
Life sucks.
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fravia
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April 05, 2016, 07:01:57 PM |
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I don't think so, cause bitcoin has only a few millions in circulation, and dollar has trillions. Bitcoin won't have powers to supply the whole US it doesnt have the power just yet but it will surely be capable of doing that in the future i think, i also hope that the price will keep on growing significantly and that people will be willing to go from dollar to bitcoin the best thing that we can do right now in order to head towards this revolution is to buy as much bitcoins as possible and hold it for a long time, i think that is the key that will help to change the dollar |
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randy8777
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Merit: 1000
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April 05, 2016, 07:13:24 PM |
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Most probably not going to happen anytime soon. I don't think so, cause bitcoin has only a few millions in circulation, and dollar has trillions. Bitcoin won't have powers to supply the whole US 1 BTC is equivalent to 100000000 Satoshis. So, yes. I think, it is possible for Bitcoin to supply the whole USA and even the entire world. once the price is going up to very high price levels, then the average people can't afford to buy a whole bitcoin anymore. they will buy around 0.05-0.1btc and such each time. there are indeed enough coins for the entire world to use bitcoin. but in reality, the whole world will most likely never fully adopt bitcoin. if we can have 10% of the people that use bitcoin, then that is considered to be a huge number. |
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avw1982
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April 05, 2016, 07:25:46 PM |
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If anything, we need the stupid regulatory to consider this legal in the 1st place lol.
If it has any chance to face it being replacing the dollar, and re-credit every american or anyone who does to go change it for bitcoin with a minimal service fee provided by the govt.
It will take a long time dude, not so easy to replace currency like dollar, as dollar is treated as the king of all currencies and getting replaced by a crypto is something unimaginable but if the bitcoin gets on mainstream then it would go parallel to dollar but it cannot replace dollar for sure. |
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italianobitcoin
Sr. Member
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Activity: 370
Merit: 250
Forza Italia
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April 06, 2016, 08:09:08 AM |
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It will not happen soon mate, you can see indeed that Bitcoin is becoming popular in use but it can not replace Dollar now because there are a lot of people is still using Dollar.
It is only possible after some 15 years if Bitcoin is doing good and that we keep it promoting so the chance will be higher that more people will going to use it, it is their own choice.
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