Aamir1
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October 10, 2016, 04:43:25 PM |
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I don't think so, it will takes a long time for bitcoin to replace the dollar. Dollar is already popular since a long time and to replace it, bitcoin need something new and bitcoin to make more people to use bitcoins.
Bitcoin probably has a lot of new things in compared to dollar or any other currency but it still wont be able to replace dollar so soon as the people have been using it from a long time now and they would probably not accept something new so suddenly.
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Kvazimoda
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October 10, 2016, 04:45:43 PM |
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I am sure that it will be replaced by bitcoin, but i am sure that it won't happen soon as currency changes like that ( to crypto ) is not going to happen anytime soon Yeah, it will not happen soon. Very slowly growing its popularity. And slowly the government confidence in Bitcoin
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Malsetid
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October 10, 2016, 05:15:51 PM |
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I am sure that it will be replaced by bitcoin, but i am sure that it won't happen soon as currency changes like that ( to crypto ) is not going to happen anytime soon Yeah, it will not happen soon. Very slowly growing its popularity. And slowly the government confidence in Bitcoin well i'm not really sure if it will entirely replace dollar as people may find it hard to veer away from what they're already accustomed to. but i hinkn bitcoin will eventually be more popular in a couple of years and maybe as widely used as the dollar but i don't think it can replace the dollar
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safari88
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October 10, 2016, 05:21:59 PM |
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I am sure that it will be replaced by bitcoin, but i am sure that it won't happen soon as currency changes like that ( to crypto ) is not going to happen anytime soon Yeah, it will not happen soon. Very slowly growing its popularity. And slowly the government confidence in Bitcoin well i'm not really sure if it will entirely replace dollar as people may find it hard to veer away from what they're already accustomed to. but i hinkn bitcoin will eventually be more popular in a couple of years and maybe as widely used as the dollar but i don't think it can replace the dollar bitcoin will never replace any currency, including dollar. bitcoin will remain a currency alternative. so I think the bitcoin good to use everyone in the world because it has benefits and convenience in the transaction.
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kryptqnick
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Join the world-leading crypto sportsbook NOW!
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October 10, 2016, 05:30:43 PM |
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I don't think Bitcoin is able to replace dollar. At least, not in 15 years or so. American dollar has more than 200 years of history. Of course, our world is changing faster and faster. Maybe, Richard Avenarius was right that people optimise knowledge and method of cognition, so that development fastens. But still, 15 years won't be enough.
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crairezx20
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October 10, 2016, 05:43:23 PM |
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I am sure that it will be replaced by bitcoin, but i am sure that it won't happen soon as currency changes like that ( to crypto ) is not going to happen anytime soon Yeah, it will not happen soon. Very slowly growing its popularity. And slowly the government confidence in Bitcoin well i'm not really sure if it will entirely replace dollar as people may find it hard to veer away from what they're already accustomed to. but i hinkn bitcoin will eventually be more popular in a couple of years and maybe as widely used as the dollar but i don't think it can replace the dollar bitcoin will never replace any currency, including dollar. bitcoin will remain a currency alternative. so I think the bitcoin good to use everyone in the world because it has benefits and convenience in the transaction. Yeah it will never replace bitcoin will be still alternative. it is good also that every country that has also local stores that can accept bitcoin as payment just like brazil that has already 150 or more stores are accepting bitcoin as payment and i hope someday it can be happen.
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Financial_Genius
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October 10, 2016, 08:21:01 PM |
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Cost of normal immune currency assets or gold by central banks. Bitcoin value lies in the fact that it's just a limited amount. Bitcoin is not dependent on any changes in the value of the underlying assets of countries, but it builds on the basic principles of market supply and demand.
There is a global financial management, which limits or increases the amount of available the Bitcoin, unlike conventional currency that can control the central banks. There is less uncertainty associated with this, since Bitcoin can not be used to control inflation or economic growth. Bitcoin holders have full control over their finances, with encryption and automation, are constantly being improved.
All active online stores, and large companies are moving towards the adoption of Bitcoin payments, and customers enjoy greater transparency and discounts.
In general, while we can not say for sure whether cryptocurrency replace conventional currency will, however, many countries no longer Bitcoin currency-non-grata. Therefore, there are prerequisites.
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richardsNY
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October 10, 2016, 08:40:09 PM |
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I don't think Bitcoin is able to replace dollar. At least, not in 15 years or so. American dollar has more than 200 years of history. Of course, our world is changing faster and faster. Maybe, Richard Avenarius was right that people optimise knowledge and method of cognition, so that development fastens. But still, 15 years won't be enough.
Simply never. But the thing is that there is no need for Bitcoin to replace the dollar. Bitcoin is nothing more than a tiny currency/investment tool. It will remain an alternative for its entire existence. Governments are the only entity with the power to replace something that they issue. In short, if there will be something that will replace the dollar, then it will come from the government.
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BitcoinPanther
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October 10, 2016, 08:54:50 PM |
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I don't think Bitcoin is able to replace dollar. At least, not in 15 years or so. American dollar has more than 200 years of history. Of course, our world is changing faster and faster. Maybe, Richard Avenarius was right that people optimise knowledge and method of cognition, so that development fastens. But still, 15 years won't be enough.
Simply never. But the thing is that there is no need for Bitcoin to replace the dollar. Bitcoin is nothing more than a tiny currency/investment tool. It will remain an alternative for its entire existence. Governments are the only entity with the power to replace something that they issue. In short, if there will be something that will replace the dollar, then it will come from the government. I agree that Bitcoin will never replace the dollar. If Bitcoin replaces dollar, then the world economy will be in the hand of the few people who hold the majority of the coin and government won't allow that to happen. They will rather sacrifice a good invention than harm their economy.
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andyste
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October 10, 2016, 09:27:51 PM |
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i Think is never bitcoin can replace and take over dollar dollar is accept all the world bitcoin only accept in online, bitcoin only digital curency, not real curency
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junder
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October 10, 2016, 09:47:59 PM |
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It seems too hard bitcoin will replace dollar Dollar is currency of a county and it's accept in the world I don't think bitcoin will replace dollar.
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Yuuto
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October 11, 2016, 02:17:55 AM |
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i think bitcoin will replace dollar NOT SOON but LATER ON. even though bitcoin has enough media presence it will still take time to convince governments to switch into digital currency.
there are so many pros of using bitcoin as a a form of currency( impossible to counterfeit, doesn't need reprinting, privacy) but the question is how will it be marketed to the masses wherein a stubborn percentage of population doesn't want to get on the digital times and how will it be distributed- if i have $1000 on me right now does it mean that i have 1.62 bitcoin if ever bitcoin replaces dollar?
anyways, even if it replaces dollar, it will not completely eradicate paper money. maybe it will form some kind of hybrid money- both paper and digital.or something like that.
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ukasyah
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October 11, 2016, 02:23:05 AM |
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since i don't think in the far away future we are going to see dollar (or any fiat) as they are now so i don't see why bitcoin should replace them. all those currencies will evolve to better payment systems in time and bitcoin can exist at the same time and be used globally.
I think so. bitcoin doesn't have that much power to replace dollar soon. probably bitcoin will just be in the same place, but I don't know when.
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akosipepot
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October 11, 2016, 03:14:10 AM |
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I dont think so that dollar will replace with bitcoin in the future.the dollar are very strong in monetary system all over the world.and it govern by the government while bitcoin is strong as virtual currency but the truth is it cannot compete the fiat dollar in many ways.anyway bitcoin is nothing if you cannot exchange it into dollar or another fiat that uses every people in the world.
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sirohige
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October 11, 2016, 03:27:06 AM |
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it's depending of bitcoin comunity and bitcoin adoption, now at this time, more company and country focus at blockchain, and only few company interesting in bitcoin, so maybe in future we will find new smarter cryptocurrency than bitcoin, at this case "maybe" people will start leaving bitcoin.
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milewilda
Legendary
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Activity: 3262
Merit: 1155
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October 11, 2016, 03:35:25 AM |
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I don't think Bitcoin is able to replace dollar. At least, not in 15 years or so. American dollar has more than 200 years of history. Of course, our world is changing faster and faster. Maybe, Richard Avenarius was right that people optimise knowledge and method of cognition, so that development fastens. But still, 15 years won't be enough.
Simply never. But the thing is that there is no need for Bitcoin to replace the dollar. Bitcoin is nothing more than a tiny currency/investment tool. It will remain an alternative for its entire existence. Governments are the only entity with the power to replace something that they issue. In short, if there will be something that will replace the dollar, then it will come from the government. I agree that Bitcoin will never replace the dollar. If Bitcoin replaces dollar, then the world economy will be in the hand of the few people who hold the majority of the coin and government won't allow that to happen. They will rather sacrifice a good invention than harm their economy. Agree with this and i just want to add if bitcoin would replace dollar soon then their would be an economic crisis and as you said government wouldnt allow this thing to happen because they cant able to control bitcoin. They would really sacrifice this invention for sure for the sake of their economy. This kind of speculation is impossible at all.
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Sandroxa
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October 11, 2016, 07:33:41 AM |
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I don't think Bitcoin is able to replace dollar. At least, not in 15 years or so. American dollar has more than 200 years of history. Of course, our world is changing faster and faster. Maybe, Richard Avenarius was right that people optimise knowledge and method of cognition, so that development fastens. But still, 15 years won't be enough.
Simply never. But the thing is that there is no need for Bitcoin to replace the dollar. Bitcoin is nothing more than a tiny currency/investment tool. It will remain an alternative for its entire existence. Governments are the only entity with the power to replace something that they issue. In short, if there will be something that will replace the dollar, then it will come from the government. I agree that Bitcoin will never replace the dollar. If Bitcoin replaces dollar, then the world economy will be in the hand of the few people who hold the majority of the coin and government won't allow that to happen. They will rather sacrifice a good invention than harm their economy. I also think that the bitcoin is never going to take over the Dollar because first of all the Dollar is what most people trade in their Bitcoin for. It would not make sense for a smaller currency to take over one of the biggest.
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Mihho
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October 11, 2016, 07:46:57 AM |
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The government does not like Bitcoin. It hurts the economy of the country and bankers. Therefore, I believe that Bitcoin will not be able to replace the dollar in the near future. Even despite the fact that it is a very convenient system
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Kava
Sr. Member
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October 11, 2016, 07:57:40 AM |
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it's depending of bitcoin comunity and bitcoin adoption, now at this time, more company and country focus at blockchain, and only few company interesting in bitcoin, so maybe in future we will find new smarter cryptocurrency than bitcoin, at this case "maybe" people will start leaving bitcoin.
Yes, large companies and banks are very much interested in blokcheyn system. They are not much concerned about the fate of Bitcoin. But in general, I believe that Bitcoin will not be able to replace the dollar. He will remain in the place that now. Just the price for it will grow
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Mastsetad
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October 11, 2016, 08:02:04 AM |
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It seems too hard bitcoin will replace dollar Dollar is currency of a county and it's accept in the world I don't think bitcoin will replace dollar.
It is not just a currency of a country, but it is a currency of countries, it is used widely in the world which is the biggest reason of not getting replaced because bitcoin is too young right now and it did not reach every corner of the world but dollar has reached almost every corner of the world and it is used by everyone so replacing it would really be the biggest challenge ever for bitcoin which is near impossible.
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