Botnake
|
|
December 29, 2017, 12:26:55 PM |
|
Has the potential to overthrow the whole established economic system. But the governments and authorities all over the world aren't in favor of cryptocurrencies. Worse, they fear it because they do not understand and that it may well be a threat to all the traditional system. So as long as they're keen on opposing it, it's gonna be tough for BTC to overthrow dollar or any paper currency for that matter.
They want to be in control all the time so I think they would allow bitcoin to replace dollar. Bitcoin is a cryptocurrency and it's very useful and we were given another opportunity to enjoy a system that is decentralized and with the limited supply of bitcoin, it's expected that the value will rise.
|
|
|
|
Yantoaja
Member
Offline
Activity: 322
Merit: 16
|
|
December 29, 2017, 12:39:08 PM |
|
I think maybe not for now .... or if 15 to 20 years later bitcoin could replace the system in dollars and become a legitimate payment currency
|
|
|
|
Wittycoin
|
|
December 29, 2017, 01:54:07 PM |
|
I dont think bitcoin will replace dollar because USA's government always back ups dollars and USA is the strongest country.
|
|
|
|
Nana_Marini
|
|
December 29, 2017, 02:33:39 PM |
|
Bitcoin has same characteristics with dollar. They have high price, but I think bitcoin and dollar are different. Bitcoin is digital coin and dollar is virtual money.
|
|
|
|
BlackRock
|
|
December 29, 2017, 02:40:32 PM Last edit: January 08, 2018, 09:53:55 PM by BlackRock |
|
I think it is very hard to predict if bitcoin over takes dollar or not,cos it depends on how governments view cryptos and their policy and also how fast and wide the adaptability of cryptos by general public will happen
|
|
|
|
letningmequin
Newbie
Offline
Activity: 83
Merit: 0
|
|
December 30, 2017, 12:32:49 AM |
|
It's just coinbase's CEO predictions and i think he's running a online BTC wallet so it's absolutely he has to support for BTC. Like Jamie Dimon againsts BTC .
|
|
|
|
bitgov
|
|
December 30, 2017, 08:25:55 PM |
|
There is enough room on the market for both currencies. When Bitcoin cost few dollars, people claimed it would replace the dollar when it reached $10k - of course, nothing happened. Also nothing will happen when it reaches the price of $1m. Cryptocurrencies will exist on the market together with fiat money in the same way as there are fast foods and restaurants with each other - everyone will be able to choose what he likes better.
|
|
|
|
Anco_Marzio
Member
Offline
Activity: 186
Merit: 10
|
|
December 30, 2017, 11:08:55 PM |
|
There are too many interests on the table, and I'm very skeptic that USA will renouce to their global monetary dominance. Actually, they'll start a war against bitcoin. We'll see.
|
|
|
|
furry04
|
|
December 30, 2017, 11:30:52 PM |
|
In order to replace dollar in my opinion we have to live a huge think like a huge crisis or ww3 where the old system collapses and it opens the way for a new system such as btc currency.
|
|
|
|
devil jin
|
|
December 30, 2017, 11:44:03 PM |
|
Possibly it will be a yes. If the consumption and the total usage of Bitcoin will be established worldwide, the possibility will be observable thing to happen. It will somehow replace Dollar in terms of popularity and massive usage but we still cannot deny the fact that it is still not intended that with the rise of Bitcoin, Dollar usage will be gone. Maybe it will just be lessen in terms of usage but. It totally to be gone.
|
|
|
|
holdem
|
|
December 30, 2017, 11:50:41 PM |
|
BTC will not replace USD because of many reasons, but it will become a standart for digital gold and cost at least a 500 000 per coin, maybe even 2-5mil per coin.
|
|
|
|
NavI_027
|
|
December 31, 2017, 12:01:38 AM |
|
In just 15 years!? That's a fearless forecast, I don't believe in that. I don't think that btc will replace USD or even any fiat currency in the near future because this is not decentralized and will remain decentralized. And besides, assuming that US made BTC as their new national currency, what will happen to those dollars spread out in the system?
|
|
|
|
drake05
Newbie
Offline
Activity: 48
Merit: 0
|
|
December 31, 2017, 12:55:45 AM |
|
I think nothing can replace dollar in the next 100 years. Because Dollar's valuable is presented for the power of USA economy. It's the most powerful economy in the world and nothing can beats it.
|
|
|
|
gentlebaguette
Member
Offline
Activity: 200
Merit: 10
Be myselt
|
|
December 31, 2017, 03:51:27 AM |
|
USA are supporting for Bitcoin doesn't mean Bitcoin can replace Dollar in the future.
|
|
|
|
BigBos
|
|
December 31, 2017, 04:01:29 AM |
|
In order to replace dollar in my opinion we have to live a huge think like a huge crisis or ww3 where the old system collapses and it opens the way for a new system such as btc currency.
of course if it is done, will cause a crisis of other things. what we mean in this case is, the dollar has become a legal currency, and it has been used long ago. replacing it with something that is not stable, will only make the crisis a country.
|
|
|
|
Mandanai
Newbie
Offline
Activity: 36
Merit: 0
|
|
December 31, 2017, 04:47:43 AM |
|
I think that is not true it is not possible a country currency can be replaced with bitcoin may be there later currency country follow bitcoin system .
|
|
|
|
chocolaty
Member
Offline
Activity: 294
Merit: 14
|
|
December 31, 2017, 05:03:25 AM |
|
It is hard to say if the government will allow a system that they have no control of. It will lessen their authority and they wouldn't like that. If ever they approve that, then it is not only their country that will be affected but all countries.
|
|
|
|
hakata_sio
Newbie
Offline
Activity: 26
Merit: 0
|
|
January 01, 2018, 05:08:41 PM |
|
The government will not forgive and there is no doubt that it will not spread because it is not easy to use
|
|
|
|
Godric-Gryffindor
Member
Offline
Activity: 319
Merit: 11
|
|
January 01, 2018, 05:37:23 PM |
|
US Dollar now is Big mover and still a big mover for economic stability and continue grow, Bitcoin will replace US Dollar but only if we fix some of the major problems we always encounter transacting bitcoin peer to peer
|
|
|
|
xanxus.kun
Full Member
Offline
Activity: 495
Merit: 100
You have to get what you want your own way.
|
|
January 01, 2018, 05:43:08 PM |
|
most probably, though I believe it won't happen anytime soon, maybe later when Bitcoin is widely accepted around the globe and the society itself is ready to use it not just mentally prepared but technologically ready as well, especially the third world countries. Dollar is a strong currency but i believe once the technological era enters change is inevitable.
|
|
|
|
|