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Author Topic: Do You Think Bitcoin Will Replace Dollar Soon?  (Read 417152 times)
gabmen
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February 25, 2017, 09:35:32 AM
 #2701

I'm still believing in the power of the dollar and all currencies in the world. I don't think so that it will replace dollar soon, there's a lot of reason to be considered like the regulations and laws.

Absolutely right, now and also in future, bitcoin don't need to replace dollar. Because of many reasons, but in my thinking, bitcoin is creating because bitcoin is a sign of crypto, if bitcoin replace into dollar, than people don't believe on any crypto currency in future. 
Bitcoin is the digital currency and dollar is the real currency, and we can take a conclusion among bitcoin and dollar. it means dollar are can't fill the bitcoin's place and otherwise.
you got that right dude. I don't understand why there's even an argument about btc replacing the dollar. They pretty much have their own use and both are important to its users as they are. So let's just learn to live with the benefits of both Cheesy

 
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February 25, 2017, 08:54:02 PM
 #2702

I'm not sure that Bitcoin will replace fiat. I do not see any sense in it. Bitcoin has already taken its place in the economy and in the life of users. Why do we need to Bitcoin replaced the dollar
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February 26, 2017, 09:42:21 AM
 #2703

I'm not sure that Bitcoin will replace fiat. I do not see any sense in it. Bitcoin has already taken its place in the economy and in the life of users. Why do we need to Bitcoin replaced the dollar

Even though the bitcoin will not replace all the fiat, it will be the number one currency.
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February 27, 2017, 08:36:44 AM
 #2704

I don't think Bitcoin will ever replace the dollar or euro. One of the facts is that it's price is very volatile. But I do think that it will become mainstream one day.  Roll Eyes
i think its possible that bitcoin will replace dollar sooner in the future because bitcoin getting much more popularity and bitcoin users increasing quickly and i hope bitcoin will be replace sooner to dollar.
But I think it is not such an easy to job. Do you know that total number of bitcoin users? I think it is still below 1 % of the total population of the world. Therefore I think we cannot expect that bitcoin will replace bitcoin as quick as you are imagining about. I think it will take a lot of time may be decades.

Still the good thing must be, dollars might get forgotten by people as they will be busy in using convenient and efficient way of payment system and without doubts bitcoin would be that system.
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February 27, 2017, 08:44:42 AM
 #2705

Until major corporations get out of the way of network connectivity (aka making it a utility instead of a "service") mass penetration won't happen as they want to be tangible 100% always access to their "money", so to speak
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February 27, 2017, 10:15:16 AM
 #2706

I'm not sure that Bitcoin will replace fiat. I do not see any sense in it. Bitcoin has already taken its place in the economy and in the life of users. Why do we need to Bitcoin replaced the dollar

You are absolutely right. Although the bitcoin user continues to increase, it does not mean replacing the existing ones. We should know that many of the countries that made the dollar as a second currency so if replaced with bitcoin then many problems that occur. And the most important thing is marketcap, dollars are the largest, maybe a hundred thousand trillion while bitcoin still in his teens billion.
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February 27, 2017, 10:20:28 AM
 #2707

I'm not sure that Bitcoin will replace fiat. I do not see any sense in it. Bitcoin has already taken its place in the economy and in the life of users. Why do we need to Bitcoin replaced the dollar
Bitcoin is supporting our digital financial but not for the our real financial. bitcoin is not taking the place of fiat. and bitcoin still have a lot of the home work with the government authorities about to the legal statue.

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February 27, 2017, 10:24:27 AM
 #2708

I'm not sure that Bitcoin will replace fiat. I do not see any sense in it. Bitcoin has already taken its place in the economy and in the life of users. Why do we need to Bitcoin replaced the dollar

You are absolutely right. Although the bitcoin user continues to increase, it does not mean replacing the existing ones. We should know that many of the countries that made the dollar as a second currency so if replaced with bitcoin then many problems that occur. And the most important thing is marketcap, dollars are the largest, maybe a hundred thousand trillion while bitcoin still in his teens billion.

Bitcoin cannot replace the United States Dollars and it will never be. And in line with your thoughts it is clear that bitcoin will face many problems if it will not be backed up by fiat currencies or by dollars. Bitcoin is good as it is, it does not need to replace dollars and became stable in price. If bitcoin will not replace dollars it will continue to  rise in value and that is what we all long for.
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February 27, 2017, 12:35:16 PM
 #2709

I'm not sure that Bitcoin will replace fiat. I do not see any sense in it. Bitcoin has already taken its place in the economy and in the life of users. Why do we need to Bitcoin replaced the dollar

You are absolutely right. Although the bitcoin user continues to increase, it does not mean replacing the existing ones. We should know that many of the countries that made the dollar as a second currency so if replaced with bitcoin then many problems that occur. And the most important thing is marketcap, dollars are the largest, maybe a hundred thousand trillion while bitcoin still in his teens billion.

Bitcoin cannot replace the United States Dollars and it will never be. And in line with your thoughts it is clear that bitcoin will face many problems if it will not be backed up by fiat currencies or by dollars. Bitcoin is good as it is, it does not need to replace dollars and became stable in price. If bitcoin will not replace dollars it will continue to  rise in value and that is what we all long for.
With the big number of population in this world, I don't think one currency would be enough to make this world a better place. Dollar and the same with legal currencies will also exist in the future, and if that time bitcoin is still there the better as it can give us the convenience to transact with online transaction. For us who believes the potential of bitcoin, we should be investing now but it's good to think it will just be a payment system than a currency.

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February 27, 2017, 05:07:35 PM
 #2710

I'm not sure that Bitcoin will replace fiat. I do not see any sense in it. Bitcoin has already taken its place in the economy and in the life of users. Why do we need to Bitcoin replaced the dollar
Bitcoin is supporting our digital financial but not for the our real financial. bitcoin is not taking the place of fiat. and bitcoin still have a lot of the home work with the government authorities about to the legal statue.
yes currently its look like impossible but i think it is possible  but late in future not so early. when all people will accept bitcoin and will start bitcoin instead of fiat. then fiat will become useless and bitcoin will surely take its place.
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February 28, 2017, 10:44:00 AM
 #2711

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 it will ever be possible to replace the dollar because the government won't let the dollar be replaced completely. They will find someway against the Bitcoin.
And I am very positive towards the future of the Bitcoin because it keeps growing in worth and the community keeps getting bigger.
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February 28, 2017, 10:59:31 AM
 #2712

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 it will ever be possible to replace the dollar because the government won't let the dollar be replaced completely. They will find someway against the Bitcoin.
And I am very positive towards the future of the Bitcoin because it keeps growing in worth and the community keeps getting bigger.
Or they will still continue on there Daily operations without even worrying about Bitcoin. When you are talking about Bitcoin it is like you are seeing it as almost a threat to everything, but what you did not know is that Bitcoin can be controlled by the government as much as they want too. The government can even make a law to make Bitcoin addresses be identified to each users therefore making money laundering hard. A country's currency will not be ever replace by a foreign currency.  Cry
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February 28, 2017, 11:24:07 AM
 #2713

I'm still believing in the power of the dollar and all currencies in the world. I don't think so that it will replace dollar soon, there's a lot of reason to be considered like the regulations and laws.
I think bitcoin will not replace the dollar or any other fiat currency in other countries. bitcoin will become famous as a payment option or currency options in each country #imo
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February 28, 2017, 11:24:16 AM
 #2714

I'm not sure that Bitcoin will replace fiat. I do not see any sense in it. Bitcoin has already taken its place in the economy and in the life of users. Why do we need to Bitcoin replaced the dollar
Bitcoin is supporting our digital financial but not for the our real financial. bitcoin is not taking the place of fiat. and bitcoin still have a lot of the home work with the government authorities about to the legal statue.
yes currently its look like impossible but i think it is possible  but late in future not so early. when all people will accept bitcoin and will start bitcoin instead of fiat. then fiat will become useless and bitcoin will surely take its place.
Fiat becomes useless? I dont think soo and government wont let this thing to happen as long they are here they wont allow such thing as bitcoin a decentralized would take the place of fiat. No matter how bitcoin would progress fiat would still remain strong no matter what.

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February 28, 2017, 12:30:32 PM
 #2715

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 it will ever be possible to replace the dollar because the government won't let the dollar be replaced completely. They will find someway against the Bitcoin.
And I am very positive towards the future of the Bitcoin because it keeps growing in worth and the community keeps getting bigger.
Yes, although bitcoin continue to grow and have a lot of users, but I'm not sure if bitcoin will replace dollar. The government will not let it happen and dollar or other currencies would continue to exist and needed. Perhaps that is true that bitcoin will not replace dollar or any other currency but it will be a viable payment alternative and easy to use.
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February 28, 2017, 06:23:43 PM
 #2716

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 it will ever be possible to replace the dollar because the government won't let the dollar be replaced completely. They will find someway against the Bitcoin.
And I am very positive towards the future of the Bitcoin because it keeps growing in worth and the community keeps getting bigger.
Or they will still continue on there Daily operations without even worrying about Bitcoin. When you are talking about Bitcoin it is like you are seeing it as almost a threat to everything, but what you did not know is that Bitcoin can be controlled by the government as much as they want too. The government can even make a law to make Bitcoin addresses be identified to each users therefore making money laundering hard. A country's currency will not be ever replace by a foreign currency.  Cry

They cannot outlaw the law of gravity

In the same manner, they cannot outlaw Bitcoin. Indeed, they can adopt a law that will be set to prohibit Bitcoin possession, but how are they going to enforce such a law? People will continue to use it secretly. Today, when the world has become a tight place, such laws are nor very implementable overall, and that seems to be the main reason why most governments abstain from outright banning Bitcoin. Even communist China is set to drive Bitcoin down by indirect or even underhanded ways and approaches (but it still doesn't work)

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February 28, 2017, 07:23:37 PM
 #2717

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 it will ever be possible to replace the dollar because the government won't let the dollar be replaced completely. They will find someway against the Bitcoin.
And I am very positive towards the future of the Bitcoin because it keeps growing in worth and the community keeps getting bigger.
Or they will still continue on there Daily operations without even worrying about Bitcoin. When you are talking about Bitcoin it is like you are seeing it as almost a threat to everything, but what you did not know is that Bitcoin can be controlled by the government as much as they want too. The government can even make a law to make Bitcoin addresses be identified to each users therefore making money laundering hard. A country's currency will not be ever replace by a foreign currency.  Cry

They cannot outlaw the law of gravity

In the same manner, they cannot outlaw Bitcoin. Indeed, they can adopt a law that will be set to prohibit Bitcoin possession, but how are they going to enforce such a law? People will continue to use it secretly. Today, when the world has become a tight place, such laws are nor very implementable overall, and that seems to be the main reason why most governments abstain from outright banning Bitcoin. Even communist China is set to drive Bitcoin down by indirect or even underhanded ways and approaches (but it still doesn't work)

The bitcoin can be regulated, but not outlawed.
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February 28, 2017, 07:29:07 PM
 #2718

The bitcoin can be regulated, but not outlawed.

I think you have that backwards.

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February 28, 2017, 07:32:47 PM
Last edit: March 01, 2017, 07:06:14 AM by deisik
 #2719

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 it will ever be possible to replace the dollar because the government won't let the dollar be replaced completely. They will find someway against the Bitcoin.
And I am very positive towards the future of the Bitcoin because it keeps growing in worth and the community keeps getting bigger.
Or they will still continue on there Daily operations without even worrying about Bitcoin. When you are talking about Bitcoin it is like you are seeing it as almost a threat to everything, but what you did not know is that Bitcoin can be controlled by the government as much as they want too. The government can even make a law to make Bitcoin addresses be identified to each users therefore making money laundering hard. A country's currency will not be ever replace by a foreign currency.  Cry

They cannot outlaw the law of gravity

In the same manner, they cannot outlaw Bitcoin. Indeed, they can adopt a law that will be set to prohibit Bitcoin possession, but how are they going to enforce such a law? People will continue to use it secretly. Today, when the world has become a tight place, such laws are nor very implementable overall, and that seems to be the main reason why most governments abstain from outright banning Bitcoin. Even communist China is set to drive Bitcoin down by indirect or even underhanded ways and approaches (but it still doesn't work)

The bitcoin can be regulated, but not outlawed

They will fail to directly regulate Bitcoin

Being able to regulate Bitcoin essentially means control, but banning or outlawing something is just a possible outcome of such control. In practice, they can try to regulate Bitcoin ins and outs, i.e. exchanges and web wallets, i.e. places where fiat money turns into cryptomoney (and vice versa). That's basically what we have seen the Chinese authorities did, or, rather, tried to do since after their interference Bitcoin started to shoot up like a weed. I suspect this is not quite what they had expected or aimed to achieve

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February 28, 2017, 08:31:36 PM
 #2720

I'm still believing in the power of the dollar and all currencies in the world. I don't think so that it will replace dollar soon, there's a lot of reason to be considered like the regulations and laws.
I think bitcoin will not replace the dollar or any other fiat currency in other countries. bitcoin will become famous as a payment option or currency options in each country #imo
sometime i also though same as you that bitcoin will never replace dollar or other fiat currency because bitcoin crypto currency mean digital currency and which is used for online shopping or other online transaction and i think it is the important aim of bitcoin to use it for online transaction.
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