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Finestream
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December 26, 2016, 07:56:23 AM |
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No i dont think that bitcoin will be replaced by fiat anyhow .as fiat s value is even much more popular and bitcoin will never ever fullfill the global population .and there s only a limit of only 21 million which in my sense is pretty less in the sense.
It is possible for the future as long as all of people will consider bitcoin as a digital money. Like your money in the bank it so possible as the time passed by our technology will upgraded so it is possible to pay your things using bitcoin or QR code so I think there are big possibilities of the bitcoin replace the dollar as international money.  Dollar is a legal currency but bitcoin is not, that reality alone will already tell us that they are not in the same side. Dollar will always be a dominant above other currency based on my opinion, and bitcoin is just another form of payment system online that is not govern by an official and we are just making it to successful like what is happening now. If the government will make this illegal, the power of bitcoin will decrease along with it's popularity but I totally believe it will not be lose in the circulation. |
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sunsilk
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December 26, 2016, 08:03:53 AM |
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No i dont think that bitcoin will be replaced by fiat anyhow .as fiat s value is even much more popular and bitcoin will never ever fullfill the global population .and there s only a limit of only 21 million which in my sense is pretty less in the sense.
It may not replace dollar but with the fulfillment of the global population it is possible that bitcoin will be recognized all over the world. Even those poor countries, as long as there are people who are into internet still they will get a chance to know bitcoin. And with the limit of bitcoin, that is making it more good because the lesser supply in the market, that will make the value higher. |
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Botnake
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December 26, 2016, 09:50:31 AM |
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No i dont think that bitcoin will be replaced by fiat anyhow .as fiat s value is even much more popular and bitcoin will never ever fullfill the global population .and there s only a limit of only 21 million which in my sense is pretty less in the sense.
It may not replace dollar but with the fulfillment of the global population it is possible that bitcoin will be recognized all over the world. Even those poor countries, as long as there are people who are into internet still they will get a chance to know bitcoin. And with the limit of bitcoin, that is making it more good because the lesser supply in the market, that will make the value higher. You definitely see bitcoin as a way of investment, it does not be that way for other people as there are two ways to use bitcoin, we can make it as investment and currency at the same time. I believe every investor learns how to spend also, but with poor countries, they simply cannot enjoy it as a currency since in the area there's not much of a business that accepts bitcoin. |
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choppork
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December 26, 2016, 11:42:50 AM |
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No i dont think that bitcoin will be replaced by fiat anyhow .as fiat s value is even much more popular and bitcoin will never ever fullfill the global population .and there s only a limit of only 21 million which in my sense is pretty less in the sense.
It may not replace dollar but with the fulfillment of the global population it is possible that bitcoin will be recognized all over the world. Even those poor countries, as long as there are people who are into internet still they will get a chance to know bitcoin. And with the limit of bitcoin, that is making it more good because the lesser supply in the market, that will make the value higher. You definitely see bitcoin as a way of investment, it does not be that way for other people as there are two ways to use bitcoin, we can make it as investment and currency at the same time. I believe every investor learns how to spend also, but with poor countries, they simply cannot enjoy it as a currency since in the area there's not much of a business that accepts bitcoin. Last time I checked even people from 1st world counties have an issie with establishments not accepting bitcoin as payment. Even in third world countries, you can use bitcoin as payment as long as you're buying from an online store. Regular sellers don't use bitcoins so you have to find online stores that accept bitcoin first. This is not a problem at all since you can convert your bitcoins to paypal funds and almost every online store accepts it. |
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cardoyasilad
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December 26, 2016, 12:58:30 PM |
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No i dont think that bitcoin will be replaced by fiat anyhow .as fiat s value is even much more popular and bitcoin will never ever fullfill the global population .and there s only a limit of only 21 million which in my sense is pretty less in the sense.
You're right. But bitcoins is becoming popular now and who knows bitcoins will replace fiat currency but it will take time for that because in some countries bitcoins are banned so maybe there is no way for bitcoins to replace the fiat of the said country |
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marcoman22
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December 26, 2016, 01:01:40 PM |
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No, Bitcoin will not replace Dollars. Bitcoin only will be a secondary payment option since most of people in the world even dont know to operate a computer in developing countries.
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Pettuh4
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December 26, 2016, 02:58:13 PM |
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No, Bitcoin will not replace Dollars. Bitcoin only will be a secondary payment option since most of people in the world even dont know to operate a computer in developing countries.
I agree with you but to some extent; currently bitcoin will continue to walk in the shadows of the US dollar as a secondary option but it will get to a time ( maybe generations after us) that everyone will be knowledgeable in computing and familiar with making online transactions; at that point it might be possible for bitcoins to replace the US dollar or any fiat. |
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Dudeperfect
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December 26, 2016, 03:29:15 PM |
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No, Bitcoin will not replace Dollars. Bitcoin only will be a secondary payment option since most of people in the world even dont know to operate a computer in developing countries.
Bitcoin has already replaced dollar in the deal of world’s most expensive pizaa so there are many bitcoin users who prefer bitcoin over dollar or other fiat currencies but I don’t think bitcoin will vanish the dollar or any other fiat currency. On individual level, bitcoin has already replaced our fiat currencies (at least online). |
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Ismay
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Activity: 39
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January 04, 2017, 05:12:12 PM |
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No, Bitcoin will not replace Dollars. Bitcoin only will be a secondary payment option since most of people in the world even dont know to operate a computer in developing countries.
Bitcoin has already replaced dollar in the deal of world’s most expensive pizaa so there are many bitcoin users who prefer bitcoin over dollar or other fiat currencies but I don’t think bitcoin will vanish the dollar or any other fiat currency. On individual level, bitcoin has already replaced our fiat currencies (at least online). Nowadays, 1 bitcoin can buy you 100 pizza. So the bitcoin has risen 1 million time.s |
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mrbigmugs
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January 04, 2017, 10:31:10 PM |
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Nah this is not possible, the bitcoin is in fact on a good way but the dollar is still way bigger and the bitcoin also need it so for this time it will not happen, maybe in the far future.
but sometime i think bitcoin can be replace dollar soon because bitcoin adopting is increasing too much faster than dollar around the world a lot of people investing their money in bitcoin and bitcoin is very much useful currency. At some countries people does store their local currencie into dollars, that is less volatil then their currencie. Bitcoin is used with the main interest of make money with the changes it has, and there isnt any best coin to try get an easy profit without taking several risks. Bitcoin is just another option to those wich does make a lot of transactions online, since its low cost, easy to use and huge potencial to grow over time. Yup, indeed at first everyone using the dollar as a place to invest or safeguard their money from shifting or a decrease in the price of the currency of the country they came from. But for now most who've known them migrated more and bitcoin started to give a good effect to everyone using bitcoin. The dollar is indeed better, however if seen from all points of view then bitcoin is much better than all the stuff that is in dollars. And you're absolutely right, that growth will be high bitcoin to i think bitcoin is not going replace bitcoin in near future, as USD is one of the most popular currency of the world and almost all the people of the world are using dollar but it does not change any other currency in to USD. |
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South Park
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January 04, 2017, 11:11:45 PM |
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Bitcoin may become an alternative to the dollar and if we are very positive about its development it may even become the dominant currency but it cannot replace the dollar because the U.S. government is never going to adopt it as the official currency for the United States.
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Gliassa
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January 05, 2017, 12:56:24 AM |
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Bitcoin may become an alternative to the dollar and if we are very positive about its development it may even become the dominant currency but it cannot replace the dollar because the U.S. government is never going to adopt it as the official currency for the United States.
Indeed but it cannot take over the dollar, that is just not possible, the dollar is way too powerful and will also be more than ever in the upcoming years. |
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Catlonid
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January 05, 2017, 01:42:12 AM |
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Bitcoin may become an alternative to the dollar and if we are very positive about its development it may even become the dominant currency but it cannot replace the dollar because the U.S. government is never going to adopt it as the official currency for the United States.
Indeed but it cannot take over the dollar, that is just not possible, the dollar is way too powerful and will also be more than ever in the upcoming years. Agree wit your opinion because bitcoin is not familiar in my country, only a few people who know bitcoin. and in my country bitcoin is not used in daily life. Bitcoin is impossible to replace dollar, but still collecting bitcoin because bitcoin can be exchange to other currency which can be used in daily life. |
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Positid
Sr. Member
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Activity: 378
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BULL RUN until 2030
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January 05, 2017, 02:00:36 AM |
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Bitcoin may become an alternative to the dollar and if we are very positive about its development it may even become the dominant currency but it cannot replace the dollar because the U.S. government is never going to adopt it as the official currency for the United States.
Indeed but it cannot take over the dollar, that is just not possible, the dollar is way too powerful and will also be more than ever in the upcoming years. Agree wit your opinion because bitcoin is not familiar in my country, only a few people who know bitcoin. and in my country bitcoin is not used in daily life. Bitcoin is impossible to replace dollar, but still collecting bitcoin because bitcoin can be exchange to other currency which can be used in daily life. Even if it will be popular in our country it still has no capacity to replace our own currency, the government has all the power to prevent that from happening. |
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South Park
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January 05, 2017, 05:05:30 PM |
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Nah this is not possible, the bitcoin is in fact on a good way but the dollar is still way bigger and the bitcoin also need it so for this time it will not happen, maybe in the far future.
but sometime i think bitcoin can be replace dollar soon because bitcoin adopting is increasing too much faster than dollar around the world a lot of people investing their money in bitcoin and bitcoin is very much useful currency. At some countries people does store their local currencie into dollars, that is less volatil then their currencie. Bitcoin is used with the main interest of make money with the changes it has, and there isnt any best coin to try get an easy profit without taking several risks. Bitcoin is just another option to those wich does make a lot of transactions online, since its low cost, easy to use and huge potencial to grow over time. Yup, indeed at first everyone using the dollar as a place to invest or safeguard their money from shifting or a decrease in the price of the currency of the country they came from. But for now most who've known them migrated more and bitcoin started to give a good effect to everyone using bitcoin. The dollar is indeed better, however if seen from all points of view then bitcoin is much better than all the stuff that is in dollars. And you're absolutely right, that growth will be high bitcoin We do know that some people are not really putting in bitcoin there money, despite of the reality that we know how profitable investing with bitcoin, we are still hesitant to put all our money with bitcoin as the risk still exist and we do not want that one day when bad things happen we lose everything that we temporarily have enjoyed. It depends on the risk you are willing to take, putting all your money in bitcoin is risky but if the fiat of your country is in free fall then you may take your chances despite the risk, If for example you live in Venezuela taking the risk of investing everything in bitcoin may be way better than to keep your fiat. |
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Supebox
Member
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Activity: 89
Merit: 10
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January 05, 2017, 09:53:38 PM |
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Bitcoin may become an alternative to the dollar and if we are very positive about its development it may even become the dominant currency but it cannot replace the dollar because the U.S. government is never going to adopt it as the official currency for the United States.
Indeed but it cannot take over the dollar, that is just not possible, the dollar is way too powerful and will also be more than ever in the upcoming years. Agree wit your opinion because bitcoin is not familiar in my country, only a few people who know bitcoin. and in my country bitcoin is not used in daily life. Bitcoin is impossible to replace dollar, but still collecting bitcoin because bitcoin can be exchange to other currency which can be used in daily life. Even if it will be popular in our country it still has no capacity to replace our own currency, the government has all the power to prevent that from happening. Indeed this is true, the banks and the government is way too powerful and will never let this happen without any doubts! |
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comrades
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Activity: 40
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January 05, 2017, 10:23:02 PM |
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Impossible to happen cause the circumstances is it will change global economic processes. US government won't allow that even other countries.
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Bitcotalk
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January 05, 2017, 10:52:33 PM |
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Impossible to happen cause the circumstances is it will change global economic processes. US government won't allow that even other countries.
But if the usage of bitcoin started to accepted in more than 50% of the world financial affairs then no one will have the power to stop the bitcoin to become the number global currency and then it will be able to easily replace dollar. |
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mastica
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January 06, 2017, 12:16:23 AM |
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Impossible to happen cause the circumstances is it will change global economic processes. US government won't allow that even other countries.
But if the usage of bitcoin started to accepted in more than 50% of the world financial affairs then no one will have the power to stop the bitcoin to become the number global currency and then it will be able to easily replace dollar. This wont happen anytime, im sorry to be the one to give the bad news, bitcoin can achieve 99% worlwilde but wont replace dollar from its position, be sure of that, bitcoin has limits, and as soon the mine ends, we will see how it will be handle, till that time bitcoin keeps growing and achieve bigger values. But if we change fees to keep the miners bitcoin should reach 10000 dollars or more, but no more coins and no more halving will occur will be simple demand and supply with a minimum value of bitcoin. |
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tabas
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January 06, 2017, 04:39:39 AM |
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Impossible to happen cause the circumstances is it will change global economic processes. US government won't allow that even other countries.
It may not happen as of now but look on how US government is very interested to check the database of transactions of coinbase. Surely they are only interested to profit out of bitcoins transaction but out of that they will realize if they are going to adopt bitcoin sooner or later. Big profit is possible to come to them, but that will be long time before it happens. |
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