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Author Topic: Do You Think Bitcoin Will Replace Dollar Soon?  (Read 417217 times)
diodio5
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May 09, 2016, 01:45:39 PM
 #1281

The bitcoin is getting many more publicity after a long time but will it replace the dollar soon?
I don't think he will because there are to many people with allot of dollars it can be but if that happens
it will be 20000 years later.
do not be too think too far 20000 years? I do not think the age of the earth reaches for it?
I agree with you though bitcoin increasingly popular and began to be known by many people. but I do not think bitcoin users will exceed the user of dollars
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May 09, 2016, 02:22:45 PM
 #1282

Yes I believe that it will replace the dollar soon.
No I think that it is not going to happen the US Dollar has been around for to long and it belongs to one of the most powerful countries if not the most powerful.
So I do not think that it is going to be possible.


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cluit
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May 09, 2016, 02:32:17 PM
 #1283

bitcoin can't replace the dollar until people stop exchanging their bitcoin into dollars

Even if people will stop exchanging, some compare system will be needed for bitcoin anyway. Bitcoin can't really replace dollar anyway and it's true.
Yeah you are right replacing dollar by bitcoin is really not possible, but for bitcoin there is chances that it become a global currency and dollar come back to its home land USA, but dollar will still remain there.
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May 09, 2016, 02:37:19 PM
 #1284

bitcoin can't replace the dollar until people stop exchanging their bitcoin into dollars

Even if people will stop exchanging, some compare system will be needed for bitcoin anyway. Bitcoin can't really replace dollar anyway and it's true.
Yeah you are right replacing dollar by bitcoin is really not possible, but for bitcoin there is chances that it become a global currency and dollar come back to its home land USA, but dollar will still remain there.

Actually, bitcoin and dollar can get along together though. So this 2 currencies Bitcoin and dollar become popular and bitcoin no need to replace dollar.
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May 09, 2016, 02:40:24 PM
 #1285

In the short to medium term, we should target to establish Bitcoin as a currency which is acceptable to a large part of the world population. Our targets must be realistic. Overtaking gold and USD is not going to happen in the near term. The US dollar didn't became the world reserve currency overnight. It became the reserve currency of the world, more than 150 years after it was first printed.
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May 09, 2016, 02:54:45 PM
 #1286

No this will never happen if you ask me, the dollar is way bigger and also much more used, the bitcoin is now still even depending on the dollar.
If the dollar collapse right now the bitcoin will also go down..
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May 09, 2016, 03:02:34 PM
 #1287

No he will not even be close as the dollar is. The dollar means so much to everyone
They pay everything with it their food and rent their clothes and cars. It will be nice for the future but
i don't think he will overrule the dollar.
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May 09, 2016, 03:37:44 PM
 #1288

No this will never happen if you ask me, the dollar is way bigger and also much more used, the bitcoin is now still even depending on the dollar.
If the dollar collapse right now the bitcoin will also go down..
absolutely right, I guess if it happens to be so many people are angry, perhaps there would be chaos because nowadays, people are already very comfortable using the dollar as a means of transaction

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May 10, 2016, 01:04:59 AM
 #1289

No this will never happen if you ask me, the dollar is way bigger and also much more used, the bitcoin is now still even depending on the dollar.
If the dollar collapse right now the bitcoin will also go down..
absolutely right, I guess if it happens to be so many people are angry, perhaps there would be chaos because nowadays, people are already very comfortable using the dollar as a means of transaction
Chaos would never happen because before bitcoin will totally replace dollars there will be a transition period where you need to exchange you dollars to bitcoin.

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May 10, 2016, 03:47:36 AM
 #1290

USD dollar is so strong in the world market. I'm not sure at this time bitcoin can beat dollar. perhaps the next 20 years bitcoin can do it.

The fact is we don't know whether bitcoin will survive next 20 years or not, may be will see some new currency replacing bitcoin but one thing is sure that dollar will always exist.
of course whenever the dollar will always persist. they are legal tender and are used by many people around the world. of course, will always persist
we do not know the future of bitcoin? yeah maybe 20 years even? I was a little hesitant bitcoin will talk more?
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May 10, 2016, 04:17:56 AM
 #1291

USD dollar is so strong in the world market. I'm not sure at this time bitcoin can beat dollar. perhaps the next 20 years bitcoin can do it.

The fact is we don't know whether bitcoin will survive next 20 years or not, may be will see some new currency replacing bitcoin but one thing is sure that dollar will always exist.
of course whenever the dollar will always persist. they are legal tender and are used by many people around the world. of course, will always persist
we do not know the future of bitcoin? yeah maybe 20 years even? I was a little hesitant bitcoin will talk more?


Yeah that should always be remembered. Yes I trust bitcoin for now. But we dont really know what will happen in the future. Dollar had been there for a lot of years. So just seeing its trust ranking will tell the truth.
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May 10, 2016, 07:30:40 AM
 #1292

It wont replace soon and that is because you also can see that Dollar is still many used by many people and that is not that bad because they dont know what Bitcoin is and that must change.
People that is using Bitcoin have to promote the coin more so more people will get to know about it and maybe also going to use it.
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May 10, 2016, 01:38:07 PM
 #1293

No this will never happen if you ask me the dollar is way too big compared with the bitcoin.
I even think it has no chance for sure due to the fact the bitcoin is way smaller.
I think for every opportunity is always there. I do not think bitcoin will replace the dollar as the currency of the country usa. but more general. the current dollar is a global currency used by all countries?
nah bitcoin will have the opportunity to become a global currency that is accepted in all countries
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May 10, 2016, 01:43:31 PM
 #1294

No this will never happen if you ask me the dollar is way too big compared with the bitcoin.
I even think it has no chance for sure due to the fact the bitcoin is way smaller.
I think for every opportunity is always there. I do not think bitcoin will replace the dollar as the currency of the country usa. but more general. the current dollar is a global currency used by all countries?
nah bitcoin will have the opportunity to become a global currency that is accepted in all countries


Actually dollar is accepted in almost every country. I mean you could easily exchange dollar on local currency almost everywhere. Bitcoin on the other hand is not so easy to exchange. But I agree with you that in the future Bitcoin has better chances than dollar to become the global currency, because I think Bitcoin will be more trusted in the future than dollar.

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May 10, 2016, 02:45:50 PM
 #1295

Actually dollar is accepted in almost every country. I mean you could easily exchange dollar on local currency almost everywhere. Bitcoin on the other hand is not so easy to exchange. But I agree with you that in the future Bitcoin has better chances than dollar to become the global currency, because I think Bitcoin will be more trusted in the future than dollar.

Well in my country exchanging bitcoin to our fiat currency is just one click away. Also same with other countries. I don't like the idea of bitcoin becoming the global currency. It will just give it's own exchange rate to our fiat currency directly. It's still better to only have a USD to Bitcoin exchange rate compare to own currency to bitcoin exchanges. It's a big help for those country that dollar has higher price in terms of conversion.

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May 10, 2016, 03:07:36 PM
 #1296

Bitcoin and dollar both are different forms of currencies, one is physical and the other is digital, individual has an choice of choosing according to his convenience, but majority of people will choose to use dollar.
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May 10, 2016, 05:28:51 PM
 #1297

Bitcoin and dollar both are different forms of currencies, one is physical and the other is digital, individual has an choice of choosing according to his convenience, but majority of people will choose to use dollar.

Dollar (at least the US' variety) is 99% digital. Just in case, bitcoins can be physical too

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May 11, 2016, 04:48:03 AM
 #1298

Bitcoin and dollar both are different forms of currencies, one is physical and the other is digital, individual has an choice of choosing according to his convenience, but majority of people will choose to use dollar.

Most people will definitely rely on the physical currency because they have assurance that they hold it and use it easily. Unlike digital they must be educated first and know the basic things about bitcoins.
You are right, majority will still use to choose dollar since the beginning when people heard dollar, it already means power to US.

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May 11, 2016, 07:56:11 AM
 #1299

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 don't think that day like this will ever come. Why? Because government cannot control them. Simple as 2x2.
goinmerry
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May 11, 2016, 12:22:40 PM
 #1300

Bitcoin and dollar both are different forms of currencies, one is physical and the other is digital, individual has an choice of choosing according to his convenience, but majority of people will choose to use dollar.

True. That is like cultural or traditional and trust have been proved by that currency. Although we are also like dollar the difference is just online they dont see it like that in their eyes. Need to open it more and some of us could do that for them to see what it is and how it could be used.
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