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BitsandBites
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May 17, 2016, 08:25:33 AM |
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No Bitcoin is not going to take over the Dollar anytime soon. The Bitcoin is just not big enough for it to take over the Dollar. Only if the Bitcoin is bigger then the Dollar it can take over the Dollar.
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"You Asked For Change, We Gave You Coins" -- casascius
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bitcoinhopper
Sr. Member
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Activity: 336
Merit: 250
Bravity is beautiful.
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May 17, 2016, 01:23:21 PM |
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We all see indeed that Bitcoin is getting more worth and that is perfect of course for the Bitcoin but it wont replace soon because Dollar is still now more used so that is nice.
But you have to know also that there will be more people that is going to be use Bitcoin and make it more acceptable.
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Corenin
Legendary
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Activity: 1008
Merit: 1000
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May 17, 2016, 06:55:25 PM |
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No Bitcoin is not going to take over the Dollar anytime soon. The Bitcoin is just not big enough for it to take over the Dollar. Only if the Bitcoin is bigger then the Dollar it can take over the Dollar.
Bitcoin never overtake dollar in future,and to do so it needs a huge market cap that dollar is enjoying at this stage and I don't think bitcoin can ever reach that level. |
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arwin100
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May 20, 2016, 11:50:28 AM |
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No Bitcoin is not going to take over the Dollar anytime soon. The Bitcoin is just not big enough for it to take over the Dollar. Only if the Bitcoin is bigger then the Dollar it can take over the Dollar.
Bitcoin never overtake dollar in future,and to do so it needs a huge market cap that dollar is enjoying at this stage and I don't think bitcoin can ever reach that level. USA is on the top of economic successfull country structure and most of all transaction online or even in foreign countries is in dollar symbol and its showing the strenght of dollars in the world economy and it cannot really happen for digital and anonymous money to take the place of the top strongest currency in the world bitcoin really needs adoption and satisfaction many people still confuse about it because of its anonimosity where we cannot knew when it gone or it will really last in future. |
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DeDordtenaar
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May 20, 2016, 12:00:17 PM |
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Well no offence to the Coinbase CEO, but Bitcoin has no chance of replacing the dollar. No government of any country would ever let Bitcoin take place of their beloved fiat currency.
yeah of course which may be a country will allow the currency to foreign control of their country, of course they will not let bitcoin replace their currency so usually by the government is to prohibit and ilegalized bitcoin. it is a way to reduce the aggressiveness of bitcoin itself |
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tabas
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May 20, 2016, 01:01:15 PM |
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We all see indeed that Bitcoin is getting more worth and that is perfect of course for the Bitcoin but it wont replace soon because Dollar is still now more used so that is nice.
But you have to know also that there will be more people that is going to be use Bitcoin and make it more acceptable.
Yeah even though it won't replace dollar but bitcoin users have their choice not to use dollar instead use bitcoin for their daily transactions, luckily if most of the stores that he has transactions are accepting bitcoins. |
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Etalia
Newbie
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Activity: 51
Merit: 0
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May 20, 2016, 01:43:17 PM |
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I dont think so that the Bitcoin will replace the dollar and that is because there are now a lot of people that is waiting for a price increase and not many people dont even know what Bitcoin is so that have to change.
And you can not pay everywhere with Bitcoin so that is also a big problem of the currency.
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goldcoinminer
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May 22, 2016, 05:23:26 AM |
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I dont think so that the Bitcoin will replace the dollar and that is because there are now a lot of people that is waiting for a price increase and not many people dont even know what Bitcoin is so that have to change.
And you can not pay everywhere with Bitcoin so that is also a big problem of the currency.
In the future I think but not soon, that future I am talking is maybe around 20 to 30 years from now, with the continuous support of bitcoins that can be possible and we should rip the fruits of our investment if that will happen as the price will increase substantially. |
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OrangeSeller
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May 22, 2016, 06:33:31 AM |
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I dont think so that the Bitcoin will replace the dollar and that is because there are now a lot of people that is waiting for a price increase and not many people dont even know what Bitcoin is so that have to change.
And you can not pay everywhere with Bitcoin so that is also a big problem of the currency.
In the future I think but not soon, that future I am talking is maybe around 20 to 30 years from now, with the continuous support of bitcoins that can be possible and we should rip the fruits of our investment if that will happen as the price will increase substantially. I don't think that will be possible even in future. after 30 ro 40 years.. it can only be possible if bitcoin can be printed like currency notes and can be spent like real money. which is honestly not being done. we can't predict about after 20 , 30 days even we don't know what will happen with bitcoin next week or next month.. |
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bias
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May 22, 2016, 07:09:48 AM |
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Bitcoins can never replace the dollar as the dollar is more stable and frequently used than the digital currency
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pocarime32
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May 22, 2016, 07:19:55 AM |
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Bitcoins can never replace the dollar as the dollar is more stable and frequently used than the digital currency
Yes i really agree with you. Bitcoin will never replace the dollar, but i think bitcoin can stand together with dollar. Bitcoin for digital currencies and dollar for real fiat. |
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Mr.grin
Legendary
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Activity: 1218
Merit: 1000
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May 22, 2016, 03:57:17 PM |
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Bitcoins can never replace the dollar as the dollar is more stable and frequently used than the digital currency
Yes i really agree with you. Bitcoin will never replace the dollar, but i think bitcoin can stand together with dollar. Bitcoin for digital currencies and dollar for real fiat. true, the dollar already has a stable value than that of people also already use. I guess as good as any bitcoin, it will never replace the dollar in the eyes of the people |
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GamingBro
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May 22, 2016, 04:53:33 PM |
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I don't think that bitcoin can make dollar dissapear, also dollar is trusted and very stable currency, bitcoin need many years to reach this greatnes as dollar did.
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randy8777
Legendary
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Activity: 896
Merit: 1000
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May 22, 2016, 05:13:27 PM |
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I don't think that bitcoin can make dollar dissapear, also dollar is trusted and very stable currency, bitcoin need many years to reach this greatnes as dollar did.
bitcoin is just an alternative to fiat currencies, and that's it. it will never come even close to 5% of the total market cap of the us dollar. and there is no need for this to happen as bitcoin has given us the opportunity to choose for something that allows us to transact and hold money outside the banking system. that's all we need, and the best thing of all.... it's here and ready to be used.  |
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goldcoinminer
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May 23, 2016, 01:59:58 AM |
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I don't think that bitcoin can make dollar dissapear, also dollar is trusted and very stable currency, bitcoin need many years to reach this greatnes as dollar did.
bitcoin is just an alternative to fiat currencies, and that's it. it will never come even close to 5% of the total market cap of the us dollar. and there is no need for this to happen as bitcoin has given us the opportunity to choose for something that allows us to transact and hold money outside the banking system. that's all we need, and the best thing of all.... it's here and ready to be used. I think for now, it is not close to 5% of the total market cap of the us dollar. Still I am positive that the users of bitcoins will significantly increase in the future, as long as we remain supportive and bitcoins will be stable we can see some actions in the future from big companies and people will be adopting too. |
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Lokfar
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May 23, 2016, 09:54:22 AM |
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Bitcoin will not replace Dollar soon and that is because there are still a lot of people that is having some Dollar and you need some patience to wait for a higher value.
But nobody will know what is going to happen with the Bitcoin and that is the problem.
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randy8777
Legendary
Offline
Activity: 896
Merit: 1000
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May 23, 2016, 10:01:44 AM |
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I don't think that bitcoin can make dollar dissapear, also dollar is trusted and very stable currency, bitcoin need many years to reach this greatnes as dollar did.
bitcoin is just an alternative to fiat currencies, and that's it. it will never come even close to 5% of the total market cap of the us dollar. and there is no need for this to happen as bitcoin has given us the opportunity to choose for something that allows us to transact and hold money outside the banking system. that's all we need, and the best thing of all.... it's here and ready to be used. I think for now, it is not close to 5% of the total market cap of the us dollar. Still I am positive that the users of bitcoins will significantly increase in the future, as long as we remain supportive and bitcoins will be stable we can see some actions in the future from big companies and people will be adopting too. at this point it's not even close to 1% of the market cap of the us dollar. that 5% was just an example. yes, of course the adoption rate by people will go up each year, but it's not enough to get the price to climb up to insanely high price levels as some people like to believe. |
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HarryKPeters
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May 23, 2016, 10:54:10 AM |
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No I do not think the bitcoin will ever replace the dollar because the dollar is simply way too big, I even think its the biggest currency alive right now.
Due to this fact the bitcoin could never achieve this in my eyes.
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tabas
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May 23, 2016, 11:08:18 AM |
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No I do not think the bitcoin will ever replace the dollar because the dollar is simply way too big, I even think its the biggest currency alive right now.
Due to this fact the bitcoin could never achieve this in my eyes.
Me too, i don't think that bitcoin will replace dollar and we all know dollar is more famous than bitcoin and it is used for so many years, unlike bitcoin it is still a baby currency that needs more years to have a strong value in the market. |
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avw1982
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May 23, 2016, 11:55:31 AM |
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No I do not think the bitcoin will ever replace the dollar because the dollar is simply way too big, I even think its the biggest currency alive right now.
Due to this fact the bitcoin could never achieve this in my eyes.
You can't say sure, Bitcoin can replace dollar to see the interest of people in it, it is now going to be acceptable worldwide. No one there is its national owner, it is made for online worldwide use and as now the age of Internet is spreading all over the world and all types of transaction are going to be done online, so it will replace. But the fiat maybe remain there in its place. |
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