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PizzaBTC
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October 20, 2017, 07:35:57 AM |
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As long as American economy keeps its leading positions, dollar is unlikely to lose in its value. In the US, Bitcoin is recognized as currency and is being treated as property, which basically means its status is close to the one of the $, only it is a decentralized currency, and thus doesn't have direct ties to the state. When comparing Bitcoin to Dollar, it's possible that with time using Bitcoin will become more prevalent than dollar. But, for example, no currency could completely replace gold from the market during history.
One could suggest Bitcoin won't completely replace dollar, but will be of equal economic power.
Everyone has his own thoughts and ideas about this topic, but I personally feel that after a few years bitcoin will be the mainstream and dollar will die, because people all over the world now change their money in bitcoin rather than dollar, besides till date the situation was different. Now if I want to buy something from another country I will pay from my blockchain wallet,. No need to exchange the money. |
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Xenoph0bia
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October 20, 2017, 08:26:23 AM |
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I don't think that bitxoim will be able to replace dollar anytime soon as dollar is still the most popular currency in the world as is regarded as global currency by many. Dollar can be used offline and no transaction fee is charged in its transactions. On the other hand, Bitcoin can't work offline and the high transaction fees makes it unsuitable for small transactions. DOLLAR is supported and backed by the US government which makes it worldwide acceptable whereas Bitcoin is decentralized. I think that it will take Bitcoin more than 10 years to replace it. |
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sbrys
Jr. Member
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Activity: 182
Merit: 4
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October 20, 2017, 09:40:00 AM |
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Be carefull what you wish for ! If Bitcoin would replace dollar there is no longer money for streets, libraries and other federal properties. To make it even more extreme there will be no more public services like police, firemen,...After all governments will be without money to pay for it.
I see the added value of bitcoin but society needs some central organs to decide for them otherwise there will be chaos...
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Showing off is the Fool's idea of Glory - Bruce Lee
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Sir Paijoe
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October 20, 2017, 10:36:32 AM |
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If we think to replace the dollar in the near future is certainly difficult, we all know that the dollar is officially accepted around the world, but instead bitcoin get banned almost all countries.
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LyQaN
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October 20, 2017, 10:45:45 AM |
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nah,its not going to happen,if it will it would take quite a good number of years to happen.Dollar runs the entire world ,trading business,international payments are almost done in dollars due to its dominance over other currencies and almost stable exchange rates ,it also has benefit of being physically present so will help at places where digital will not work.
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Thymoty
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CPLAY Network
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October 20, 2017, 11:00:04 AM |
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I think it would be impossible if Bitcoin could destroy the Dollar, because the US government would not let that happen, but the dollar probably would adopt Blockchain technology in the future .. |
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z@yne_remI19
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October 20, 2017, 11:03:08 AM |
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yeah off course present bit coin has more demand so it will replace dollar soon. in market bit coin has more demand compare to dollar so for that reason you have to buy bit coins. i'm sure that is in next after few years or months bit coin going to raise soon. in few country's declared already bit coin is legal but in few country's it is illegal what ever mostly present bit coin has great demand. |
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Sled
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October 20, 2017, 12:00:25 PM |
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I think it would be impossible if Bitcoin could destroy the Dollar, because the US government would not let that happen, but the dollar probably would adopt Blockchain technology in the future .. That is what more possible in the future, the adoption of the governments for the blockchain technology because that is where the game begins because if they will start adopting it and implementing it to their system then most of their countrymen or the people who are living in their country will also follow what they are doing and that will attract more demand to bitcoin and somehow it will pump the price hard because it will create news aside from demand. |
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cryptojac17
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October 20, 2017, 12:42:11 PM |
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No i dont think that Bitcoin will replace dollar soon .They both will rather be in action at same time.Dollar is a form of fiat money which means that it has a physical form.So it is more easy to use it in any shop.It is decentralized in nature that means government has no control over it so government will not allow any such currency to replace a traditional and a trustworthy currency like dollar.So according to me it is not possible.
Bitcoin is already a universal currency due to its decentralized nature. I strongly believe that by 2025, bitcoin will be legalized around the globe and will be the sole international currency of the world. Bitcoin has all those quality that the today’s world full of technology demands from an international currency. Dollar or any other paper money is nothing in front of bitcoin in any matter. In my own point of view BTC is most likely will replace US dollars as most recognizes currency of the world since US dollars is start to decline because of euro currency. but this currency represent a countries that controlled the world economy, But BTC is unique because it has no country of origin or represented, it has no boundary and decentralized in form, and its value start to sky rocketed as of now its slowly compete USD, in few years ahead maybe it would replace USD as an American Dollars nor European dollars but Peoples currency |
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cryptojac17
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October 20, 2017, 01:01:24 PM |
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No i dont think that Bitcoin will replace dollar soon .They both will rather be in action at same time.Dollar is a form of fiat money which means that it has a physical form.So it is more easy to use it in any shop.It is decentralized in nature that means government has no control over it so government will not allow any such currency to replace a traditional and a trustworthy currency like dollar.So according to me it is not possible.
Bitcoin is already a universal currency due to its decentralized nature. I strongly believe that by 2025, bitcoin will be legalized around the globe and will be the sole international currency of the world. Bitcoin has all those quality that the today’s world full of technology demands from an international currency. Dollar or any other paper money is nothing in front of bitcoin in any matter. In my own point of view BTC is most likely will replace US dollars as most recognizes currency of the world since US dollars is start to decline because of euro currency. but this currency represent a countries that controlled the world economy, But BTC is unique because it has no country of origin or represented, it has no boundary and decentralized in form, and its value start to sky rocketed as of now its slowly compete USD, in few years ahead maybe it would replace USD as an American Dollars nor European dollars but Peoples currency |
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ekoice
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October 20, 2017, 01:03:05 PM |
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No,its not possible for bitcoin to replace USD within next 15 years.USD has been well established as the global reserve currency for more than seventy years.It has been stored as national reserve currency by many countries.it is accepted world wide.Even crude oil trade has been carried out only in USD from 1973 due to which it gained world wide importance.
Bitcoin has just been created eight years ago.it has only been legalized in one or two countries.Some countries even don't like to allow it.So,it might take years for bitcoin to gain importance and become a substitute for US Dollars.
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Wong Gendheng
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October 20, 2017, 02:44:44 PM |
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I'm not sure bitcoin will replace the dollar, we all know that dollar is the strongest currency of the world and owned by super power USA. I believe that bitcoin is wiped out by the USA government rather than bitcoin instead of dollars.
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UsernameBitcoin
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October 20, 2017, 03:02:31 PM |
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Bitcoin is currently on it's way to replacing the dollar. The dollar is the worst universal ledger possible yet it is the world's reserve currency today. Gold is a better universal ledger, so it's natural that BTC will replace the dollar as it's better than gold too.
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Bluestreet
Legendary
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October 20, 2017, 04:42:15 PM |
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No, bitcoin can't replace dollar soon, dollar is the most widely accepted currency throughout the world but about bitcoin only a few percentage of people know and fewer than those use, so there is no chance that bitcoin will replace dollar in the coming 15 years. |
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majdoso
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October 20, 2017, 05:19:34 PM |
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I personally think it won’t be happening soon as the majority of societies are still not convinced with that change and are still afraid of the concept of winning and spending money on line . It’ll happen eventually, one day , but i don’t think it will be soon
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trako
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October 20, 2017, 05:33:55 PM |
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BitCoin will change the expense if it keeps this fast rise. but as an extra bitcoin should take its place in the social life. for example ; the construction sector, the automotive sector, food, clothing, etc., it will be a real competitor.
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virtualkeybuyer
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October 20, 2017, 08:54:30 PM |
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think this is a hard thing happened, many countries banned bitcoin whereas all countries make the dollar as the foreign exchange size and wealth. of course it took a longer time for at least 50 years to be able to replace the dollar.
I think for the time being it is not possible but in the future may bitcoin take the place of dollar. Dollar in this day holds the whole market all over the world and all the people who need to travel or buy something even bitcoin he will change his local money in dollar and then he can use it throughout the world. So we can see the hold of dollar in the markets even in the local markets. That happened with the dollar too. When it first comes in the market nothing was changed. No one was going to accept it, as it was a newbie. Same is happening wit bitcoin now. But bitcoin have a speedy acceptance as a currency, although it will take time to cover all the international market. Still bitcoin is doing amazingly and there is a time coming, bitcoin will replace dollar. |
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Hutalar
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October 20, 2017, 09:59:56 PM |
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I do not think so . Bitcoin is now very hot. But the dollar is the common currency all over the world. And nothing can beat it Well it’s very hard to say but there is one thing about bitcoin which is very clear that the price is high than any other currency bitcoin is now accepted in some develop countries and still some others are going to accept bitcoins so it seems like that way bitcoin is going too fast and sound so it can be happen that bitcoin ca replace dollar. |
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jonval21
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I love the Cryptocurrency world
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October 20, 2017, 10:20:50 PM |
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No, bitcoin can't replace dollar soon, dollar is the most widely accepted currency throughout the world but about bitcoin only a few percentage of people know and fewer than those use, so there is no chance that bitcoin will replace dollar in the coming 15 years. Yuan will replace dollar then bitcoin is going to replace the Yuan, or maybe fiat money is going to dye we dont know yet, but is just the begining of bitcoin history. |
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mega
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October 20, 2017, 10:37:20 PM |
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yes it is expected that bitcoin will take place of dollar due to main reason is that dollar is on risk of inflation and loosing value and also central bank too much spend and make expense for paper money,so best alternative is to go with bit coin.
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Got my account back! It was hacked. Sorry about it :|
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