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Author Topic: Do You Think Bitcoin Will Replace Dollar Soon?  (Read 415156 times)
Lagrood
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April 14, 2018, 08:26:35 PM
 #5581

Wow! What a subject! It is impossible that is my opinion. I am sure that it is obviously impossible soon and even later. What is dollar?! It is America and its economy. It is the biggest economy in the world and dollar is a mirror of the American economy. And what is bitcoin?! It is a digital assets.
Nevertheless, bitcoin have plenty of benefits vs dollar and can be used in various situations much better that dollar. As a mechanic use special tools for special purposes as a person can use special currencies for special purposes.
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Mia-
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April 14, 2018, 09:33:39 PM
 #5582

yes, Bitcoin will replace the dollar soon because dollar is not a world money. Though world accept dollar, is not a world money. Many countries use their own money. Dollar is also a money for some countries. But Bitcoin is not a money for any particular country. So, it can be used as a world money.
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April 14, 2018, 09:45:11 PM
 #5583

If all mankind or all country citizens will understand what bitcoin really means for us, I think Yes, there is a possibility that bitcoin will replace dollar soon. Because it has capability change the mind settings of individuals for the better too of course.
natentota
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April 14, 2018, 09:50:12 PM
 #5584

A cryptocurrency will never replace a fiat currency, its rather simple that a legitimate country would never abandon its fiat currency being something that the government can control for something it has no control of.
billbear
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April 14, 2018, 09:55:52 PM
 #5585

I think, the only way for bitcoin to replace dollar is getting a stable price for start, lol, becouse just imagine a currency in common life with such price jumps

kateycoin
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April 14, 2018, 10:25:48 PM
 #5586

Coinbase CEO believes bitcoin will replace dollar within 15 years.

Read the following news:
http://cointelegraph.com/news/114983/coinbase-ceo-bitcoin-will-replace-dollar-within-15-years

Do you think it will be true? Are you positive towards bitcoin's future status?
I think no because it's important to all of us and as we can see bitcoin is always base to the price if dollar I mean we can use dollar to convert bitcoin. So I think its impossible because dollar is always use if all people around the world.

iillaa
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April 14, 2018, 10:56:09 PM
 #5587

Coinbase CEO believes bitcoin will replace dollar within 15 years.

Read the following news:
http://cointelegraph.com/news/114983/coinbase-ceo-bitcoin-will-replace-dollar-within-15-years

Do you think it will be true? Are you positive towards bitcoin's future status?

no it will not i can see bitcoin rn like credit card  ( visa...mastercard )  just another way to transfer money from a place on the earth to another place  but better and  with high

efficacy 

blockchain is way better than those credit card in several  things  i can mention a couple of them

  • high speed transaction take wave for example
  • low fess  lol take wave as example
  • security using the contract function of eth for example
and dont forget something very important  you can literally  receive your money from any place in the world   even if you are in middle of no where u just need internet  no need for a post office   banks and credit card work only in some places     while  crypto have no limits
[/list]

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Rollkal
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April 14, 2018, 11:03:16 PM
 #5588

No I do not think this will happen. BTC can not be more flexible in the process of paying for goods and services for daily life. We are used to paper money, and the BTC is more risky in terms of price, risk of theft. I do not think it is good if they become the main currency of the country.
ningrum
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April 14, 2018, 11:24:56 PM
 #5589

Coinbase CEO believes bitcoin will replace dollar within 15 years.

Read the following news:
http://cointelegraph.com/news/114983/coinbase-ceo-bitcoin-will-replace-dollar-within-15-years

Do you think it will be true? Are you positive towards bitcoin's future status?
bitcoin is in my opinion will not be able to replace the dollar until whenever. because the dollar is the real currency and in the state, if btc wants to compete with the possibility there will be a country that does not believe with btc

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April 15, 2018, 10:52:58 PM
 #5590

Like the way bitcoin is getting popular I think soon the world will start to accept it and we will see bitcoin will be used same as dollars. And I am hoping in other countries also bitcoin will be working as their own currency.
Barbatsutsa
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April 15, 2018, 10:59:10 PM
 #5591

I think that 15 years is too fast. We need several decades for this to happen.

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April 15, 2018, 11:08:41 PM
 #5592

We need more research if this digital coin can replace the dollar , but i think its not happen anymore . Because USD is one of the greatest curriencies in the whole world. For crypto-currencies , bitcoin is the number one  . So Dollar and Bitcoin are always partner and no one can replace this two.We need more decades to know if someone can replace this two.

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April 16, 2018, 10:10:38 PM
 #5593

As long as bitcoin and any other cryptocurrency are depending on the internet and can't be transacted without the online connection it is possible to replace dollars or any fiat all over the world, though lets not close the door that cryptocurrency may replace that money in term of exchanges as we see that the world are now open with this virtual currencies! But, weakness is still a weakness and we can't rely on it unless the issue has been solved! this is just like plastic cards we cant go out without a cash and just plastic cards to pay because we dont know when will be the system down.


Yes. If Bitcoin and other cryptocurrencies would be transacted without an internet connection, then they would be comparable to fiat currencies. While they won't be able to replace traditional fiat as we know it, they could become even more popular if they would be transacted in an offline world. As such, only people who have access to an internet connection would be aware of Bitcoin and other cryptocurrencies, while the rest would be left behind.

In contrast, fiat currencies like the Dollar could be used physically without the need for an internet connection, increasing accessibility to the same. And, since the Dollar is a currency which is backed by the government, it will continue to be trusted among everyday people for years to come. What Bitcoin and other cryptocurrencies would do, would be to live alongside traditional fiat currencies to let the people choose which one to use.

Both cryptocurrencies and fiat currencies have their benefits and their disadvantages. Since cryptocurrencies like Bitcoin have been growing at a fast pace, they will co-exist with the Dollar and other fiat currencies for quite a long time. Decentralized currencies like Bitcoin will be impossible to replace a centralized currency like the Dollar since the latter has greater support from governments, banks, and institutions all around the world.

Therefore, I believe that Bitcoin will exist alongside the Dollar forever. Just my thoughts Grin

ratnawide
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April 17, 2018, 01:08:07 AM
 #5594

never, the fiat currency including the dollar will never be replaced by crypto currency like bitcoin, since not all payment problems can be solved with crypto currency we will need fiat currency for some financial transactions
PauloLuks
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April 17, 2018, 03:55:09 AM
 #5595

In ten years, fiat currency will no longer be used, as the cryptocurrencies will replace them. I believe that the fiat system will eventually disappear. As soon as the world realizes the potential of Bitcoin, the value of cash will collapse and the inevitable would happen.
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April 17, 2018, 04:20:36 AM
 #5596

I think this will not happen soon but this is a possible thing. the reason for bitcoin can replace the dollar in my opinion is because: decentralized bitcoin is not controlled by anyone, already many countries in the world that legalize bitcoin as a legal means of payment, bitcoin does not cause inflation and bitcoin is now favored by many people. but bitcoin replacing dollar will take sufficient time long.

AntonGrishko
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April 17, 2018, 04:25:45 AM
 #5597

This is very difficult, bitcoin will never replace the dollar because the dollar is the world's strongest currency, it takes up to 100 years to replace the dollar, let alone the dollar is the currency of the super power state.
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April 17, 2018, 04:29:57 AM
 #5598

I do not think that bitcoin is ever able to replace the dollar at all. This is primarily hindered by the high volatility of bitcoin. What would be the economy of the country, when bitcoin from ten thousand dollars first increased in price to twenty thousand, then fell to six thousand dollars? But such behavior of bitcoin, it is not excluded, will be permanent. And how will citizens treat when they visit the outlets and see the daily change in prices for goods and services? Only because of the volatility it is unlikely that any country will switch to the use of bitcoin as the main money in the country.

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April 17, 2018, 04:52:33 AM
 #5599

I think this is a very far-reaching prediction. although this can happen but requires a complicated process.
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April 17, 2018, 05:40:15 AM
 #5600

The answer to thus question is negative.
It is impossible to obtain sovereign protection of the heterogeneous, which itself has a fatal flaw, such as payment efficiency problems and even become a Ponzi scheme, the competition between the miners and monopolies also threaten the market order of Bitcoin

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