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Wong Gendheng
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July 07, 2017, 09:51:24 AM |
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It seems difficult, this is because the dollar is the world's strongest currencies so hard beat dollar, bitcoin can beat dollars when used formally several countries such as Japan, Germany and china.
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ChrisPop
Legendary
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Activity: 2310
Merit: 1033
Not your Keys, Not your Bitcoins
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July 07, 2017, 11:18:19 AM |
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I believe that in 10-20 years bitcoin will become the main world-currency and every country would be forced to convert their fiat currencies to crypto-currency in order to survive the financial revolution. Might sound unlikely to happen at the moment,but with the ascending trend of bitcoin we could even see that happening faster.  |
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LegendOF45
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July 07, 2017, 03:09:34 PM |
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I believe that in 10-20 years bitcoin will become the main world-currency and every country would be forced to convert their fiat currencies to crypto-currency in order to survive the financial revolution. Might sound unlikely to happen at the moment,but with the ascending trend of bitcoin we could even see that happening faster. I'm still not sure, the main reason is the number of users, currently bitcoin users are still very small even according to media reports of no more than 3% of the total world population, remember, when the unification of Euro, took more than 10 years of socialization. |
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streazight
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July 09, 2017, 06:51:31 AM |
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US dollar has been in its last stage as global reserve currency.It has enjoying this status from past 1940 when it made OPEC countries to agree to sell crude oil only for dollars.But bitcoin has just completed its initial eight years.Bitcoin has been predicted that it would be the world's sixth largest reserve currency in 2030.So it would take more than 15 years for bitcoin to replace dollar.
It is a fact that the value of the US dollar has been decreasing rather quickly for the last few decades. On the other hand bitcoin has been increasing its value very quickly. Globally countries are renouncing the dollar and shifting to other currencies. On the other hand countries like Japan and Australia have accepted the bitcoin making the scope and value of bitcoin further strong. Also it is quite possible that bitcoin might become the one of the strongest currencies in the coming years. |
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santieevanz
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July 09, 2017, 08:00:42 AM |
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Well,we know that bitcoin is a good thing to earn your own money since it is a crypto-currency but then if your are thinking of bitcoin will replace dollar after 15 years ,it's not possible to happen because in other countries like Japan they seriously accepted the bitcoin in transaction but then it will take a long process to achieve that thoughts  |
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Gastotade
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Merit: 250
Colletrix - Bridging the Physical and Virtual Worl
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July 09, 2017, 09:04:11 AM |
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Well,we know that bitcoin is a good thing to earn your own money since it is a crypto-currency but then if your are thinking of bitcoin will replace dollar after 15 years ,it's not possible to happen because in other countries like Japan they seriously accepted the bitcoin in transaction but then it will take a long process to achieve that thoughts dollar and bitcoin were different in use. Dollar as fiat and btc as cryptocurrenct. That thing will never change even btc will be implemented in many countries. It will mark its own identity. |
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Ammigo13
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July 09, 2017, 09:09:58 AM |
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Bitcoin can not replace the dollar, because it exists only on the Internet. The dollar is very stable and controlled by the government, and bitcoin is based only on user activity.
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xFiber
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July 09, 2017, 09:14:28 AM |
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Soon is relative but it can be possible in 15 years. A lot can change in 15 years. But if everything stays the same as it is now I don't think we will see bitcoin as the replacement of the dollar. I don't see the governments and banks give up their power that easily. I believe a lot will change in the next 15 years and I hope it will be for the better.
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guoyu78
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July 09, 2017, 06:46:01 PM |
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It seems difficult, this is because the dollar is the world's strongest currencies so hard beat dollar, bitcoin can beat dollars when used formally several countries such as Japan, Germany and china.
You are right bitcoin cannot replace any economy but neither can it be destroyed. Banks cannot control it now. Half of the world has invested in bitcoin. What will they do if they even think of destroying it? Complete chaos. And it’s already more powerful than any local currency. |
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voztata
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July 09, 2017, 08:17:17 PM |
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I'm very positive about the fate of BTC but it will not replace the world's most accepted currency yet. It won't happen soon. It will probably take decades. But feel assured that BTC is the leader when it comes to online currency. When it comes to buying stuff online, BTC is at the top. After all, it's designed as a digital currency. It is accepted worldwide.
It might not take decades for to replace worldwide currencies. But it will happen soon if bitcoin is reach to $5000 as soon as possible. Then people and countries will be willing for bitcoin. Like that it will replace worldwide currencies. Bitcoin is an online currency and like any other currency, bitcoin needs time to establish itself and due to its numerous advantages, it will slowly takeover the other fiat currencies and replace the online and maybe the international market due to its numerous advantages. But it has ranked the name of bitcoin all around the world and it has taken over many other crpyto currencies. So let’s see how bitcoin will replace other as well as it has done so many. |
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wahb
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July 09, 2017, 08:21:14 PM |
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Bitcoin can not replace the dollar, because it exists only on the Internet. The dollar is very stable and controlled by the government, and bitcoin is based only on user activity.
currently bitcoin is existing only on the internet, but with the passage of time bitcoin will become so much common that it will be accepting in every local shops. even still in some places the trend has been started, and some shops are accepting bitcoin. |
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Vikingr
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July 09, 2017, 08:30:28 PM |
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Well,we know that bitcoin is a good thing to earn your own money since it is a crypto-currency but then if your are thinking of bitcoin will replace dollar after 15 years ,it's not possible to happen because in other countries like Japan they seriously accepted the bitcoin in transaction but then it will take a long process to achieve that thoughts dollar and bitcoin were different in use. Dollar as fiat and btc as cryptocurrenct. That thing will never change even btc will be implemented in many countries. It will mark its own identity. But you may know that both of them are currencies and both of them are used to transfer money, to purchase anything so we are seeing that in the future many things will be available in digital ways so it is obvious that in the coming future bitcoin is going to replace dollar. |
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Janation
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July 09, 2017, 09:11:36 PM |
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Bitcoin can not replace the dollar, because it exists only on the Internet. The dollar is very stable and controlled by the government, and bitcoin is based only on user activity.
currently bitcoin is existing only on the internet, but with the passage of time bitcoin will become so much common that it will be accepting in every local shops. even still in some places the trend has been started, and some shops are accepting bitcoin. It will stay existing in this world as long as there are internet. Even if you say that it will be evolving in the few years, and many shops will be accepting it, bitcoin will be always on the internet, unless someone made a breakthrough. I don't understand the way of your comparison in the first line, but it will not be available without the internet. |
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Fatanut
Legendary
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Activity: 1008
Merit: 1059
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July 10, 2017, 01:49:44 PM |
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Bitcoin can not replace the dollar, because it exists only on the Internet. The dollar is very stable and controlled by the government, and bitcoin is based only on user activity.
currently bitcoin is existing only on the internet, but with the passage of time bitcoin will become so much common that it will be accepting in every local shops. even still in some places the trend has been started, and some shops are accepting bitcoin. It will stay existing in this world as long as there are internet. Even if you say that it will be evolving in the few years, and many shops will be accepting it, bitcoin will be always on the internet, unless someone made a breakthrough. I don't understand the way of your comparison in the first line, but it will not be available without the internet. Then how come you were able to reply? In the first line, he said that bitcoin is widely used on the Internet. This means that people buy/sell bitcoins and use bitcoin as payment only in forums, exchanges, etc. All of these are just happening in your web browser. In due time, bitcoin will also be used in stores and accepted by merchants. What he basically meant was that there will be some physical shop to accept bitcoins and not just something that you click on your computer. At the end of the day, these stores still need the Internet to operate. They need the Internet to confirm that you actually sent them some money. |
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gabmen
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July 11, 2017, 09:55:49 AM |
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Bitcoin can not replace the dollar, because it exists only on the Internet. The dollar is very stable and controlled by the government, and bitcoin is based only on user activity.
currently bitcoin is existing only on the internet, but with the passage of time bitcoin will become so much common that it will be accepting in every local shops. even still in some places the trend has been started, and some shops are accepting bitcoin. It will stay existing in this world as long as there are internet. Even if you say that it will be evolving in the few years, and many shops will be accepting it, bitcoin will be always on the internet, unless someone made a breakthrough. I don't understand the way of your comparison in the first line, but it will not be available without the internet. Then how come you were able to reply? In the first line, he said that bitcoin is widely used on the Internet. This means that people buy/sell bitcoins and use bitcoin as payment only in forums, exchanges, etc. All of these are just happening in your web browser. In due time, bitcoin will also be used in stores and accepted by merchants. What he basically meant was that there will be some physical shop to accept bitcoins and not just something that you click on your computer. At the end of the day, these stores still need the Internet to operate. They need the Internet to confirm that you actually sent them some money. Indeed. There maybe some kind of technology that would come up specifically for the usage of btcs in local stores and establishments like the credit card and debitcard terminals being used today. Though it would still require online access. Btc is online and there are a lot of transactions that we would hardly be able to do without fiat. |
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Pubg_man205
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July 11, 2017, 10:16:42 AM |
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Bitcoin will be able to replace the dollar only if it exists and as a physical currency that can be touched in real life. Now it is just an additional currency. But I do not think that this will happen, they just will exist in parallel.
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Abiky
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www.Crypto.Games: Multiple coins, multiple games
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July 11, 2017, 01:49:12 PM |
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Soon is relative but it can be possible in 15 years. A lot can change in 15 years. But if everything stays the same as it is now I don't think we will see bitcoin as the replacement of the dollar. I don't see the governments and banks give up their power that easily. I believe a lot will change in the next 15 years and I hope it will be for the better.
While a lot could change within 15 years, it would be really hard for governments and banks to give up their power to Bitcoin. Since the pioneer cryptocurrency is decentralized, it wouldn't be suitable for them to allow it to be used in replacement of fiat currencies, as they would restrict them from controlling the system at some point. Also, blockchain technology is having issues with scalability, which is one of the reasons Bitcoin or any other cryptocurrency would be unlikely to replace the dollar soon. But, even if it won't be possible to replace the dollar, I believe that cryptocurrencies are here to stay and they will co-exist with fiat currencies for many years to come. Nevertheless, only time will tell what lies ahead for Bitcoin. As long as issues are addressed correctly, there should be nothing to worry about. Something that would determine its future would be the successful adoption of SegWit2x to expand Bitcoin's transaction capacity. When August 1st arrives, will will see if Bitcoin will remain as is, or it would separate into two different blockchains. Just my thoughts  |
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Hhampuz
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Meh.
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July 11, 2017, 02:00:30 PM |
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Bitcoin will be able to replace the dollar only if it exists and as a physical currency that can be touched in real life. Now it is just an additional currency. But I do not think that this will happen, they just will exist in parallel.
Why would it have to be physical? Like 90% of all transactions today with fiat are made from numbers on a screen. Physical fiat has been gradually decreasing for a while now and soon we'll have a cashless society most likely. As for BTC replacing the dollar it's not a matter of if but when right now. Time will tell as with all things, I know damn well that if I had the option of holding $1,000,000 in US Dollar or $1,000,000 in BTC equivalent the choice would not be hard. |
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kpcian
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July 11, 2017, 05:17:58 PM |
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I don't think that bitcoin will replace the dollar soon. Bitcoin is one of the newest and finest currency, day by day it is becoming popular currency across the world but the dollars the most acceptable and credible currency around the world. the dollar is accepted at everywhere so bitcoin should not be compared with the dollars yet...
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jaysabi
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★777Coin.com★ Fun BTC Casino!
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July 14, 2017, 03:39:16 PM |
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Bitcoin will be able to replace the dollar only if it exists and as a physical currency that can be touched in real life. Now it is just an additional currency. But I do not think that this will happen, they just will exist in parallel.
Why would it have to be physical? Like 90% of all transactions today with fiat are made from numbers on a screen. Physical fiat has been gradually decreasing for a while now and soon we'll have a cashless society most likely. As for BTC replacing the dollar it's not a matter of if but when right now. Time will tell as with all things, I know damn well that if I had the option of holding $1,000,000 in US Dollar or $1,000,000 in BTC equivalent the choice would not be hard. This choice wouldn't be hard for me either, but it's the exact opposite of your sentiment. Any amount of considerable wealth I would keep in a stable currency where I could be reasonably certain what the value would be week to week and month to month. Nobody has a reasonable basis to say 30 days from now if bitcoin will be worth the same as it is now. Bitcoin is down more than 10% in the last 30 days. That'd be $100,000 loss if it was bitcoin in your scenario. It could just as easily go back up, but everyone is convinced that it will, which is the sign of a bubble. |
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