klach
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Activity: 54
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August 09, 2017, 08:57:46 PM |
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if the price will keep raising like that it will replace dollar for sure all the investers will use the bitcoin over all other currencies so it will be the main currencies of the market and then it will be the international methode to pay and the banks will be forced to accept bitcoin. but if it will go down and what is hard now but there is a hard chance to go like that bitcoin will start from the beginning and that will be bad it survived the first time but if it will drop down again there is no chance to survive.
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sunsilk
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August 09, 2017, 08:59:28 PM |
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I'm not sure that bitcoin can replace the dollar. The government and US bankers will not allow it, but the fact that bitcoin can really make life difficult for the dollar that's for sure. We constantly see the outflows from the dollar in favor of bitcoin.
It's to say if bitcoin will ever replace dollar very soon. Dollar is a strong currency from the government of US. And almost all countries are just depending their economy on how dollar is good, this is why dollar is a very powerful currency. Bitcoin is also powerful, let's see on who will win this civil war.  |
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kafeelniazi
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Organic PR on Tier 1 media
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August 09, 2017, 10:16:16 PM |
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give me the one solid fact why should bitcoin will replace by dollar??
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rhamzter
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August 09, 2017, 10:49:15 PM |
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I'm not sure that bitcoin can replace the dollar. The government and US bankers will not allow it, but the fact that bitcoin can really make life difficult for the dollar that's for sure. We constantly see the outflows from the dollar in favor of bitcoin.
It's to say if bitcoin will ever replace dollar very soon. Dollar is a strong currency from the government of US. And almost all countries are just depending their economy on how dollar is good, this is why dollar is a very powerful currency. Bitcoin is also powerful, let's see on who will win this civil war. Bitcoin is the stronger currency in digital currency world. But to be strongest against the paper money like dollars I think it is a big dream. Because if you compare the bitcoin to dollar the popularity of dollar to whole world was good enough to bring it on top, while bitcoin was popular only to the netizen people or the people who always updated to the current events of the world on internet. |
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hyunee
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August 09, 2017, 11:59:18 PM |
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If it is possible it will not be imposed sooner. It will undergo a lot of approvals as some of the countries around the world still doesn't approve bitcoin at all. I think it will takes years and there is a big chance that some countries will not fully accept bitcoin. But for me, for some countries it is possible.
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Shenzou
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August 10, 2017, 12:05:12 AM |
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Bitcoin can not and will not replace the dollar, i don't think that there is anyway for that to happen because dollar has been the way that the world is using to trade and to let the weehl of the econnamy turn, and alos has a stable price, unlik bitcoin that keeps changing and also peopel would not spend it because they want to save it,and that will slo the econnomy.
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Pattart
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August 10, 2017, 12:10:46 AM |
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I'm not sure that bitcoin can replace the dollar. The government and US bankers will not allow it, but the fact that bitcoin can really make life difficult for the dollar that's for sure. We constantly see the outflows from the dollar in favor of bitcoin.
It's to say if bitcoin will ever replace dollar very soon. Dollar is a strong currency from the government of US. And almost all countries are just depending their economy on how dollar is good, this is why dollar is a very powerful currency. Bitcoin is also powerful, let's see on who will win this civil war. Bitcoin is the stronger currency in digital currency world. But to be strongest against the paper money like dollars I think it is a big dream. Because if you compare the bitcoin to dollar the popularity of dollar to whole world was good enough to bring it on top, while bitcoin was popular only to the netizen people or the people who always updated to the current events of the world on internet. That is the answer the dollar is already famous all over the world and everyone in the world knows about bitcoin and all countries use dollars for their international transaction activities. It is unlikely that bitcoin will replace the dollar while bitcoin is banned in different countries and not too well known |
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Youghoor
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August 10, 2017, 12:20:28 AM |
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No matter how good bitcoin is, it would never replace fiat, specially Dollar, remember that printed money has been around for centuries, and printed money makes banks richer because of the fees, so you really think bitcoin will replace it? do you think the banks will let it happen? no way...
Bitcoin has so low fees to send money instantly to another country, like $1 per transaction (aproximately), if you wanna make a bank transaction to another country then the fees are like $30.
This is one of the reasons why bitcoin could never replace banks and fiat money, because of banks.
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fanbeila
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August 10, 2017, 06:47:09 AM |
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No,it would take some more years to happen.USD has been in the market for past seventy years and it is the global reserve currency.It is famous world wide.But bitcoin has just crossed its initial eight years.Most people even don't know about that.So,it has to be legalized all over the world.So,it would take more years to replace USD. |
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chickenfried12
Legendary
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Activity: 1120
Merit: 1003
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August 10, 2017, 06:53:24 AM |
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Bitcoin, a global reserve currency? No not possible my idea but it will a solution for quicly transfer money b2b or exp.imp. comp.
It can be an investment tool With a blockchain technology that can be a form of payment many other things can be done but I think it's not impossible to be the main currency
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sumangs
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August 10, 2017, 12:14:13 PM |
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Why not? hahaha. Bitcoin is much safer to use than the fiat money and the only concern in bitcoin is the wallet. Are the bitcoin wallets we use are still trusted once the fiat is changed to cryptocurrency? Or the government would established a wallet for all people. If this happened, there is a chance the bitcoin will be centralized. I think it is better not to interfere with the fiat moneys. Let bitcoin be itself. Bitcoin is a digital money and not all people could access digitally especially in poor countries. I think bitcoin needs to develop further before it would interfere fiats.
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LimLims
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August 10, 2017, 12:26:14 PM |
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No I don't think that bitcoin can ever replace dollar in future as even if the price of bitcoins will go in millions it will be always compared to the price of dollars and even if people will sell they will prefer to get dollars in their hands so that they can spend it whenever they want.
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Palmerson
Sr. Member
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Activity: 434
Merit: 255
Live cams shows pimped with cryptocurrency
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August 10, 2017, 12:34:30 PM |
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Bitcoin will never replace the dollar because it is impossible to manage. The us economy cannot survive in the current economic conditions. We see a constantly growing foreign debt and a relatively stable dollar. It's a bubble. But he allows US to be the No. 1 country in the world. What will the American government with bitcoin?
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onpages
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August 10, 2017, 02:58:49 PM |
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Bitcoin will never replace the dollar because it is impossible to manage. The us economy cannot survive in the current economic conditions. We see a constantly growing foreign debt and a relatively stable dollar. It's a bubble. But he allows US to be the No. 1 country in the world. What will the American government with bitcoin?
Bitcoin can not replace dollar, under no circumstances will happen. One factor is, not yet and never can handle very huge financial transactions like banking, and bitcoin is an individual currency because no one manages and regulates its circulation. |
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bit-freedom
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August 10, 2017, 03:07:22 PM |
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In terms of Bitcoin replacing Dollar in everyday life, I believe one day we can use Bitcoin to shop in stores.
But to replace the currency dollar, i don't think so.
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krampus854
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August 10, 2017, 03:39:16 PM |
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Don't even think about it sir bitcoin is just an virtual i don't say that i underestimated bitcoin but the dollar is the main currency of all of the people and also it is a hard wallet and not needing any transactions details just pay and get what you want.
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The_Dark_Knight
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August 11, 2017, 03:36:16 AM |
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I don't agree that bitcoin will replace dollar anytime. Bitcoin is for investment.
Bitcoin has not being an investment as its primary function, bitcoin is a currency and that is the way we use it, being an investment is just a secondary function that all the other currencies of the world have, but I agree with you on the first part, bitcoin is not going to replace the dollar soon. |
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Abiky
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Activity: 3192
Merit: 1359
www.Crypto.Games: Multiple coins, multiple games
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August 11, 2017, 12:56:04 PM |
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Bitcoin is the stronger currency in digital currency world. But to be strongest against the paper money like dollars I think it is a big dream. Because if you compare the bitcoin to dollar the popularity of dollar to whole world was good enough to bring it on top, while bitcoin was popular only to the netizen people or the people who always updated to the current events of the world on internet.
Agree. Bitcoin may be the strongest digital currency in existence, but it can never outmatch the dollar. Since the dollar has a lot of trust from people worldwide, and it is a centralized monetary system, it will always be in the eyes of the governments to manipulate its supply, unlike Bitcoin. Also, the dollar can be used as paper money for people who don't have access to the internet or credit cards. With this in mind, the dollar has an advantage over Bitcoin as not everyone would have access to the internet to make a transaction. There exists paper wallet solutions for Bitcoin, but I doubt that you'll be able to make offline transactions with Bitcoin (unless you trade the paper wallet in exchange for fiat). With the dollar, everything is much easier and straightforward. But, I believe that both Bitcoin and the dollar will co-exist for many years to come as people would have different options to choose from. In the future, the dollar might be upgraded to digital, staying head to head against well-known and established cryptocurrencies like Bitcoin and Ethereum. Just sharing my thoughts  |
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Tukang Becak
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August 11, 2017, 03:56:57 PM |
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I'm sure this is a difficult thing but can happen in 20 or 30 years again, if bitcoin performance continues like this certainly not difficult to replace the dollar.
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TrumpD
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August 11, 2017, 05:39:42 PM |
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China is pushing for a new global currency that would be free of american influence. It seems bitcoin is starting to slowly become that currency even with new regulations in place.
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