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Cotton Candy
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January 03, 2018, 10:02:35 PM |
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I think they will be used just like as dollars when it becomes in payments like in the convenience store or some establishment but the dollars are still the main monetary unit because it been there for centuries and it is been much more trusted than bitcoins. And bitcoins are more like an international currency for me because it can be converted to any money so if people want an international transactions in the future bitcoins will be the one. |
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Apple Mac
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January 03, 2018, 10:25:41 PM |
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I don't think "soon" but I do think after 15 years or so it is a definite possibility. "soon" i guess is a relative term.
I still dont think so, Dollar has been proven to be most influential and most powerful currency that has been using for most of the transaction world wide, a massive implementation of changes will be conducted world wide also if Dollar was replaced with Bitcoin, I am not agree with this, but countries who dont accept Bitcoin yet as their medium of payment will be affected as well as the people who are not ready to cope up with this kind of modernization. |
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Andrej Peiboski
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Activity: 350
Merit: 12
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January 03, 2018, 11:36:20 PM |
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When bitcoin will replace dollar, that meas that the world is completely revolutionized, as there will be no more central banks and central authority.
(or may be, that central power took the control of the blockchain)
We'll see, but it's very unrealistic.
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Bondho Kompeni
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Merit: 250
Adoption Blockchain e-Commerce to World
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January 03, 2018, 11:56:37 PM |
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Although the rise in bitcoin prices occurs significantly and the user rises drastically, but the traditional transaction system using fiat will be difficult to replace, especially the dollar which is the international currency accepted by all countries.
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fleda
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January 03, 2018, 11:56:50 PM |
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Definitely not for me. It is impossible that bitcoin can replace dollar soon. We all know that bitcoin price is depending on dollar so how bitcoin could possibly replace dollar if its own value is relying in real currency right? But if that's happens there will be a big changes in our world. |
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cava95
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Activity: 81
Merit: 10
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January 04, 2018, 12:35:11 AM |
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I expect that but not soon because small percentage of peoples use bitcoin and know for bitcoin but in furture we can expect bitcoin to be global currency because he have many adventage in compare with traditional money.
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white.raiden
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January 04, 2018, 12:48:40 AM |
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It can happen but not in a matter of 15 years. Once bitcoin reaches ubiquity, security and accessibility would be fully developed as well. Back then, no one ever thought we would end up using paper currency instead of stones, silver and gold. So I guess, it could really happen over time but 15 years is too short; I'm 50 years would be a good number. |
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Mariela
Jr. Member
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January 04, 2018, 12:56:15 AM |
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In my own opinion as of now dollar is a very strong currency. And its hard end but,
in the future ,maybe there are some organization that btc will discuss in international union to make it a high quality currency.
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Suleiman the Magnificent
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January 04, 2018, 01:05:27 AM |
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I think, it can not do it anytime soon. But in the future, after 15-20 years, the bitcoin can replace the dollar. Perhaps a new digital currency will be created in the coming years and it will take the replace of bitcoin and dollar.
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cybersofts
Copper Member
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Activity: 658
Merit: 284
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January 04, 2018, 01:59:44 AM |
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In time, all traditional paper currencies would be history just like the gold coins which was replaced by paper currency. And now the paper currency is a about to be replaced by digital currency in this case bitcoin.  |
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Gudhal Untu
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January 04, 2018, 03:37:31 AM |
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I think it's impossible to replace the dollar in the near future, as we know that the dollar is the world's strongest currency and is used by all countries for transactions and trade.
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Abiky
Legendary
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www.Crypto.Games: Multiple coins, multiple games
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January 04, 2018, 08:44:26 PM |
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It is not possible to replace dollars. dollar is a currency that is valid all over the world. but the bitcoin has not been as good as the dollar yet. it is also less likely to be in the future. It makes more sense to ask if bitcoin will replace gold.
Exactly. The dollar already has the trust from many people around the world, not to mention that the government backs it. Since Bitcoin is a decentralized currency, it will be hard for it to overcome the dollar, as the latter is much more friendly and convenient for government's use and manipulation. Since the dollar can be inflated and manipulated by its central banks, it makes the ideal choice for adoption in that specific country. Whereas Bitcoin and the Dollar are apples and oranges, I really do think that Bitcoin can really replace Gold in the future. It will continue to rise in value, until it becomes the most valuable asset in the world. Many big investors and VC will jump into Bitcoin, making its demand rise over the course of time. Since last year, Bitcoin has been approved for futures trading, I’d say that the decentralized cryptocurrency will continue to make strides in the mainstream world for years to come. In the future, both Bitcoin and the Dollar will co-exist leaving people with a variety of options to choose from when transacting with others, or investing for the long-term. Just my thoughts  |
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rockyboy
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January 04, 2018, 09:01:19 PM |
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Bitcoin is very popular and very indemand because of the idea that they can gain a huge profit and there's a great chance to become more stable financially because their money can be double or more in just a short period of time. But then, inspite of the popularity of BTC, I guess btc will not replace dollar. Dollar is much popular and being used by everyone rich or poor, young or old.
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anelenaniku
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January 04, 2018, 09:04:14 PM |
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Bitcoin is going to be replaced by tokens, real economy not just empty tokens coins. Bitcoin is an empty coin, no real value behind it. The future belongs to Tokens which will be connected to real assets. |
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Cryptophorus Columbus
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January 04, 2018, 09:13:58 PM |
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If bitcoin replaced dollar, then the world as known by us ceased to exist!
It wouls mean that USA is not a superpower anymore, FMI and central banks has disappeared, and so on.
So, it's very improbable.
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abayan
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January 04, 2018, 11:29:59 PM |
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I think it's impossible to replace the dollar in the near future, as we know that the dollar is the world's strongest currency and is used by all countries for
transactions and trade.
The probability of the possibility is reasonable but I dont think that bitcoin will totally replace the dollars. I do support use and investment of bitcoin but it takes a lot of time for that to happen. Dollars is very powerful, ever since. The trust of different banks and people around the world is on it. I believe that bitcoin still needs to be legalize before it become highly possible. |
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Cootie
Full Member
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Bounty Detective
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January 05, 2018, 02:34:55 AM |
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This is possible. Bitcoin is gaining so much interest in different major and powerful in the world countries. But bitcoin has a long way to go. This event will not happen easily and so fast. The interests that it is getting is not always possible. There many debatable issues regarding to the usage of bitcoin and it legalization. Bitcoin has to prove its credibility in becoming an reliable and stable cryptocurrency that can function as the dollar can. |
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tigoes
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January 05, 2018, 02:52:27 AM |
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I don't think it'll ever replace the dollar but it will be a global store of value which will be increasibly more attractive.
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Ronyx
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January 05, 2018, 03:42:01 AM |
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The next 15 years bitcoin will replace the dollar, it's like a mere prophecy. 15 years will not be enough to replace the dollar into bitcoin, the government will not let the dollar disappear and replace it with bitcoin. It can not happen. |
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racheal1234
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January 05, 2018, 03:45:43 AM |
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I think it will but not so soon. In 20 years time I believe
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