Haiduongbg
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September 02, 2017, 05:57:42 PM |
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I don't think Bitcoin will ever replace the dollar or euro. Many countries want to legalize Bitcoin and treat it as an asset. So they can impose a lot of taxes on Bitcoin to discourage people to use it as a currency. Furthermore, the price is so volatile
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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kodtycoon
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September 02, 2017, 06:09:17 PM |
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I assume if digital money will not replace fiat or dollars in this conversation, because I have seen in countries that have legalized bitcoins, they do not replace their country's currency to bitcoin.
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okala
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September 02, 2017, 06:32:46 PM |
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I am very positive about this that bitcoin will replace dollars and others fiat currencies within the next 15 years. I also believe that bitcoin will not only replace only payment processing systems but other fiat currencies also. We may not see that happened now but in future people will ten to develop and understand the importance of bitcoin in our crisis world.
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yavorcik
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September 02, 2017, 06:58:51 PM |
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Not going to happen. :-(
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Gameroid
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September 02, 2017, 11:41:58 PM |
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In my opinion this is a very long way off. If bitcoin were to replace dollar that would mean it would be the number one reserve currency around the world and for this to happen it needs to have global acceptance and a stable price.
i agree with this that bicoin cannot acquire the position to defeat completely dollar because for this position bitcoin would require recognition internationally being a legal currency which seems very difficult for bitcoin in near future but it is reality that in future bitcoin would give tough time to dollar in the market and I think America will be in action in future against bitcoin but it would be in vain. |
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Nerman
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September 03, 2017, 12:46:06 AM |
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I don't think so. There are to many old rich people who are no invested in Cryptocurrency, with that reason they will not allow replacing the dollars. Since most of them have powerful friends.
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zekeshawn
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September 03, 2017, 02:10:22 AM |
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I assume if digital money will not replace fiat or dollars in this conversation, because I have seen in countries that have legalized bitcoins, they do not replace their country's currency to bitcoin.
I strongly agree those countries that made bitcoin legal in their country are still using both so I don't think bitcoin can replace fiat they can both co-exist and work together. Maybe after how many decades if all transaction will be made through computers then that would be the time that bitcoin will dominate but that will still take time to happen. |
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Vinalians
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September 03, 2017, 02:13:56 AM |
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This is not possible for me, Because we all know that bitcoin is just an virtual currency and dollar is a hard money that is the big difference of two. .
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Janation
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September 03, 2017, 02:18:28 AM |
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I don't think so. There are to many old rich people who are no invested in Cryptocurrency, with that reason they will not allow replacing the dollars. Since most of them have powerful friends.
Investor is not the problem here. There is no way bitcoin will be able to surpass dollar in terms of trading popularity. Dollar is the main fiat that is connected to Bitcoin because it is the most popular fiat in trading in the market. Also, bitcoin is a pretty volatile digital currency so there is no way that it can replace the Dollars. |
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Sahabat_
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First 100% Liquid Stablecoin Backed by Gold
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September 03, 2017, 02:24:03 AM |
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I don't think so. There are to many old rich people who are no invested in Cryptocurrency, with that reason they will not allow replacing the dollars. Since most of them have powerful friends.
Investor is not the problem here. There is no way bitcoin will be able to surpass dollar in terms of trading popularity. Dollar is the main fiat that is connected to Bitcoin because it is the most popular fiat in trading in the market. Also, bitcoin is a pretty volatile digital currency so there is no way that it can replace the Dollars. really sir bitcoin does have a high price but will not be able to replace the currency of the dollar into an international currency that is used all over the world offline and online |
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Capradina
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September 03, 2017, 02:34:09 AM |
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I don't consider so I have a whole lot of men and women nonetheless use fiat income and far more individuals don't use bitcoin. So I doubt the goverment will just replace it. If that at any time happens the goverment require to have a bitcoin expert or something. Since it will be hard for men and women to use if they don't know it.
Bitcoin makes people enter automatically in the digital currency era, it is not easy and will take hundreds of years. It will happen if the world opens their eyes to keep the non-accumulating natural resources being displaced by urban land evictions, or the level of civilizational need for the use of raw materials to replace fiat. But still this possibility is very difficult because it will destroy the sub-business of the product of a particular currency. Hmm, indeed bitcoin is the most modern technology and provide an awful lot of change in the digital world. but indeed if we look from all sectors, I think the bitcoin will never replace the role of money. Since money is the kind of thing that is most important in any country, if they have no physical money it is possible that the country will quickly go bankrupt because it mocked by the market. differ with each country having a physical currency, they can arrange everything from the onset of a crisis that can harm his country. |
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The_Dark_Knight
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September 03, 2017, 03:47:39 AM |
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No bitcoin cannot replace dollar as it is very powerful and the government will do anything to maintain its power.Bitcoin can come up as a competition to dollar but cannot replace it
If the US did everything to have an economy that perform well I will agree with you but since that is not the case and they are getting deeper into debt each year then it is a matter of time before the US dollar suffers a shock, a shock so big that could destroy the confidence of the public on the US dollar forever. |
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merj99
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September 03, 2017, 04:08:22 AM |
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I definitely do not think BTC will replace the dollar...at least not in my lifetime. People still like the feel of physical money.
I do wonder if Bitcoin might become the "gold standard" to which all currencies (crypto and fiat) are compared to? That would be fun to see how that develops.
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Wingo
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September 03, 2017, 04:23:21 AM |
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Nope, it cannot happen. The government would not want a decentralized and a digital currency to be used in everyday life of every people. It's not practical for that matter.
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Rebisco
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September 03, 2017, 04:29:46 AM |
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I definitely do not think BTC will replace the dollar...at least not in my lifetime. People still like the feel of physical money.
I do wonder if Bitcoin might become the "gold standard" to which all currencies (crypto and fiat) are compared to? That would be fun to see how that develops.
Yeah I agree to you. I think that the bitcoin will not replace the dollar. I agree also to you that most of the people must prefer fiat money than digital currency. Many people are still not aware to the bitcoin. |
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albertvert
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September 03, 2017, 04:40:58 AM |
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I definitely do not think BTC will replace the dollar...at least not in my lifetime. People still like the feel of physical money.
I do wonder if Bitcoin might become the "gold standard" to which all currencies (crypto and fiat) are compared to? That would be fun to see how that develops.
Not an all buddy. In this common world, everything will replace by the another thing. So,for dollar also their is no such exception. Since the price of bitcoin is keeps on increasing, their is lot of chance for bitcoin to replace the dollar. And also this will happen soon.It may be 5 years or a decade. |
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BTCevo
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September 03, 2017, 12:51:24 PM |
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In my opinion this is a very long way off. If bitcoin were to replace dollar that would mean it would be the number one reserve currency around the world and for this to happen it needs to have global acceptance and a stable price.
i agree with this that bicoin cannot acquire the position to defeat completely dollar because for this position bitcoin would require recognition internationally being a legal currency which seems very difficult for bitcoin in near future but it is reality that in future bitcoin would give tough time to dollar in the market and I think America will be in action in future against bitcoin but it would be in vain. Yes, and bitcoin can't take dollars down, although bitcoin is already well known by all around the world but still not all people are going to accept this as their currency. Most of them are still saving fiat instead of bitcoin, and to legalized bitcoin, this must be some pro and contra due to the price too. If only government dare to take this risk and starting accepting bitcoin, it will change the world |
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lllaqpt
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September 03, 2017, 01:16:58 PM |
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Bitcoin will not replace the dollar, because if this happened, the price would rise all at once and the poor would become even poorer. There is too much difference between them.
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micromoney
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September 03, 2017, 02:49:27 PM |
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This is very hard question, coz if bitcoin will be near to replace Dollar, or another currency, the government will do everything to stop it. But another question will be this steps successful or not.
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salihno71
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September 03, 2017, 03:25:22 PM |
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Dollar has some problems and it's question for how long it will still be one of the most important fiat currencies. So it is not impossible, but not anytime soon. Uncle Sam would rather shut down the internet than to see this happen...
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