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eddyubachs
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May 08, 2016, 08:27:55 AM |
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I think it's impossible. I believe between bitcoin and the dollar is very different. bitcoin is a digital currency, while the dollar is the real currency. bitcoin has not been able to defeat the power of the US Dollar.
That's true bitcoin is best in digital currency and dollar is best in physical currency and I believe people will prefer to use both according to their needs. In digital currency users have known much about bitcoin than other altcoins which existed following the technology of bitcoin. Though its leading in the digital currency network it doesn't go high replacing dollar. Yeah bitcoin replacing dollar seems to be impossible, as dollar is the strongest currency at present and it will continue to rule the world in future too. |
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"The nature of Bitcoin is such that once version 0.1 was released, the
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Ardenyham
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May 08, 2016, 08:42:26 AM |
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bitcoin can't replace the dollar until people stop exchanging their bitcoin into dollars
Even if people will stop exchanging, some compare system will be needed for bitcoin anyway. Bitcoin can't really replace dollar anyway and it's true. It is not true bro. people exchanging bitcoin to dollar because they can't buy everything with bitcoin right now. so this time they have to exchange their btc. but bitcoin is getting more popular every day. and more marketplaces started accepting bitcoin now. even in some areas bitcoin is being accepted in real lives. shops and restaurants. whenever bitcoin get its place properly. and every one start accepting bitcoin. that day bitcoin will replace dollar. |
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ricardobs
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May 08, 2016, 10:18:24 AM |
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bitcoin can't replace the dollar until people stop exchanging their bitcoin into dollars
Even if people will stop exchanging, some compare system will be needed for bitcoin anyway. Bitcoin can't really replace dollar anyway and it's true. It is true that bitcoin cannot replace dollar but it is not correct that for bitcoin as a standard to be compared with dollar is compulsory, when bitcoin become a most stable currency then people will make bitcoin as a standard and then bitcoin will itself a standard for other currencies. |
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Hatuferu
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May 08, 2016, 11:39:56 AM |
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bitcoin can't replace the dollar until people stop exchanging their bitcoin into dollars
Even if people will stop exchanging, some compare system will be needed for bitcoin anyway. Bitcoin can't really replace dollar anyway and it's true. It is true that bitcoin cannot replace dollar but it is not correct that for bitcoin as a standard to be compared with dollar is compulsory, when bitcoin become a most stable currency then people will make bitcoin as a standard and then bitcoin will itself a standard for other currencies. There is a possibility because bitcoin is not controlled by the government, its decentralization features likely to attract more people plus they can easily track their disbursements and receipts looking at the public ledger. It US will go cashless this will gives us good option. |
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senyorito123
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May 08, 2016, 12:01:58 PM |
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bitcoin can't replace the dollar until people stop exchanging their bitcoin into dollars
Even if people will stop exchanging, some compare system will be needed for bitcoin anyway. Bitcoin can't really replace dollar anyway and it's true. It is true that bitcoin cannot replace dollar but it is not correct that for bitcoin as a standard to be compared with dollar is compulsory, when bitcoin become a most stable currency then people will make bitcoin as a standard and then bitcoin will itself a standard for other currencies. There is a possibility because bitcoin is not controlled by the government, its decentralization features likely to attract more people plus they can easily track their disbursements and receipts looking at the public ledger. It US will go cashless this will gives us good option. How that thing cross in your mind that e-currenry really can replace the stroNg dollars bitcoin ia nothing without dollars and it is reallying with it, dollars also is have a strong law and it has place where it originated while bitcoin is nothing although the price for now if bit high and possible for us to earn but what will happen to it in near future?? No one can predict its fate but dollars remains There. |
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deisik
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May 08, 2016, 02:04:33 PM
Last edit: May 08, 2016, 02:21:00 PM by deisik |
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Also most of the world population is not tech savy. Firstly they will never understand how bitcoin is being generated from an algorithm. Within 15 years the scenario will not change much and so the fate of bitcoin.
By any means, I can't consider myself as tech illiterate (well, to a degree), but I still don't have a clue how bitcoins are actually generated (and don't have much desire to find out, wtf). Nevertheless, this didn't in the least prevent me from not just trading bitcoins but earning some decent profits (actually, good profits, lol). In short, you don't need to know how to make paper to learn how to use paper dollars... And what is secondly? |
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peta4e
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May 08, 2016, 02:19:59 PM |
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bitcoin can't replace the dollar until people stop exchanging their bitcoin into dollars
Even if people will stop exchanging, some compare system will be needed for bitcoin anyway. Bitcoin can't really replace dollar anyway and it's true. It is true that bitcoin cannot replace dollar but it is not correct that for bitcoin as a standard to be compared with dollar is compulsory, when bitcoin become a most stable currency then people will make bitcoin as a standard and then bitcoin will itself a standard for other currencies. There is a possibility because bitcoin is not controlled by the government, its decentralization features likely to attract more people plus they can easily track their disbursements and receipts looking at the public ledger. It US will go cashless this will gives us good option. How that thing cross in your mind that e-currenry really can replace the stroNg dollars bitcoin ia nothing without dollars and it is reallying with it, dollars also is have a strong law and it has place where it originated while bitcoin is nothing although the price for now if bit high and possible for us to earn but what will happen to it in near future?? No one can predict its fate but dollars remains There. Yes dollar will always show its presence in future too, and it is not easy for bitcoin to replace the strong currency like dollar, dollar is a popular currency used and accepted everywhere. |
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sempak
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May 08, 2016, 02:34:43 PM |
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USD dollar is so strong in the world market. I'm not sure at this time bitcoin can beat dollar. perhaps the next 20 years bitcoin can do it.
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stromma44
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May 08, 2016, 03:05:11 PM |
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USD dollar is so strong in the world market. I'm not sure at this time bitcoin can beat dollar. perhaps the next 20 years bitcoin can do it.
The fact is we don't know whether bitcoin will survive next 20 years or not, may be will see some new currency replacing bitcoin but one thing is sure that dollar will always exist. |
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tabas
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May 08, 2016, 03:08:49 PM |
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USD dollar is so strong in the world market. I'm not sure at this time bitcoin can beat dollar. perhaps the next 20 years bitcoin can do it.
Even if bitcoin will get popular and famous in the world. Still it cannot replace the use of USD, I think there are only 3% of the world that uses bitcoins. (This is my own estimation). And people won't believe about bitcoin because they are using USD for a long time. |
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wuvdoll
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Activity: 1442
Merit: 1025
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May 08, 2016, 08:05:31 PM |
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It will not happen soon but there is of course a chance that it will be possible because you also see that Bitcoin is getting more used and more acceptable so that is nice.
And the world is also getting more digital and Bitcoin is digital money so that is for both perfect.
Yes bitcoin is used by more people now but only online, those people who are doing offline jobs for them bitcoin is a new thing or an unknown thing, and it will require a long time to completely replace dollar and become a global currency. |
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knowhow
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May 08, 2016, 09:08:58 PM |
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It will not happen soon but there is of course a chance that it will be possible because you also see that Bitcoin is getting more used and more acceptable so that is nice.
And the world is also getting more digital and Bitcoin is digital money so that is for both perfect.
Yes bitcoin is used by more people now but only online, those people who are doing offline jobs for them bitcoin is a new thing or an unknown thing, and it will require a long time to completely replace dollar and become a global currency. I agree with you more people that works online accpeting bitcoin as payment but i dont agree when you say bitcoin can replace dollar ,bitcoin is an option to others currencies ,main target become a global currency ,being the top or not doesnt matter the fact it can be used anywhere would be enought to bitcoin .Dollar leads the top currency over several years,almost all if not all transactions are based into dollars rates,bitcoin is no where near to be or become such currencie. |
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richardsNY
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May 08, 2016, 09:17:16 PM |
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It will not happen soon but there is of course a chance that it will be possible because you also see that Bitcoin is getting more used and more acceptable so that is nice.
And the world is also getting more digital and Bitcoin is digital money so that is for both perfect.
Yes bitcoin is used by more people now but only online, those people who are doing offline jobs for them bitcoin is a new thing or an unknown thing, and it will require a long time to completely replace dollar and become a global currency. It will not take a long time before Bitcoin replaces the dollar. It will simply never happen! There is really no need for Bitcoin to replace any kind of currency. Bitcoin should stay an alternative to fiat money and not the main currency. |
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blackmachinegun
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May 08, 2016, 11:03:49 PM |
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USD dollar is so strong in the world market. I'm not sure at this time bitcoin can beat dollar. perhaps the next 20 years bitcoin can do it.
I think even in the 20 years to come even if bitcoin will remain difficult to beat the dollar. certainly in the 20 years to come the dollar will become very sophisticated. usa may create a new version of a dollar. so that people can trade without the need to meet. This will compete with bitcoin |
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Adrorecia
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May 09, 2016, 11:13:22 AM |
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The bitcoin is getting many more publicity after a long time but will it replace the dollar soon?
I don't think he will because there are to many people with allot of dollars it can be but if that happens
it will be 20000 years later.
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BitHodler
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Activity: 1526
Merit: 1179
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May 09, 2016, 11:27:47 AM |
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USD dollar is so strong in the world market. I'm not sure at this time bitcoin can beat dollar. perhaps the next 20 years bitcoin can do it.
I think even in the 20 years to come even if bitcoin will remain difficult to beat the dollar. certainly in the 20 years to come the dollar will become very sophisticated. usa may create a new version of a dollar. so that people can trade without the need to meet. This will compete with bitcoin Literally nothing can beat the US Dollar beside the US government themselves. They decide whether or not it is time to implement something better than their current fiat system. Bitcoin can't do anything about that as it is only an alternative form of doing payments and storing wealth. |
BSV is not the real Bcash. Bcash is the real Bcash.
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ASHLIUSZ
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May 09, 2016, 11:59:22 AM |
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USD dollar is so strong in the world market. I'm not sure at this time bitcoin can beat dollar. perhaps the next 20 years bitcoin can do it.
I think even in the 20 years to come even if bitcoin will remain difficult to beat the dollar. certainly in the 20 years to come the dollar will become very sophisticated. usa may create a new version of a dollar. so that people can trade without the need to meet. This will compete with bitcoin Literally nothing can beat the US Dollar beside the US government themselves. They decide whether or not it is time to implement something better than their current fiat system. Bitcoin can't do anything about that as it is only an alternative form of doing payments and storing wealth. The US dollar cannot be replaced by bitcoin because already dollar is so strong in its side. Another thing bitcoin is virtual so after long years too it will remain the same. |
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senyorito123
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May 09, 2016, 12:01:35 PM |
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USD dollar is so strong in the world market. I'm not sure at this time bitcoin can beat dollar. perhaps the next 20 years bitcoin can do it.
I think even in the 20 years to come even if bitcoin will remain difficult to beat the dollar. certainly in the 20 years to come the dollar will become very sophisticated. usa may create a new version of a dollar. so that people can trade without the need to meet. This will compete with bitcoin Literally nothing can beat the US Dollar beside the US government themselves. They decide whether or not it is time to implement something better than their current fiat system. Bitcoin can't do anything about that as it is only an alternative form of doing payments and storing wealth. Thats right digital money cannot replace dollar because of law implemented to it, bitcoin also is not very acceptable for those people dont have proper education about it and in business sector because it has no law and unknown country where it originated.and bitcoin is truly relying to dollars sonit can be usefull, |
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phreaky
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May 09, 2016, 12:03:44 PM |
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No this will never happen if you ask me the dollar is way too big compared with the bitcoin.
I even think it has no chance for sure due to the fact the bitcoin is way smaller.
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Dr.Osh
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May 09, 2016, 12:07:15 PM |
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No this will never happen if you ask me the dollar is way too big compared with the bitcoin.
I even think it has no chance for sure due to the fact the bitcoin is way smaller.
correct. although potentially I guess that will not happen, well the dollar is already very common in use as a medium of exchange from the beginning until now, maybe this will happen forever |
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