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Author Topic: Do You Think Bitcoin Will Replace Dollar Soon?  (Read 416549 times)
Henry Sy
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February 10, 2018, 11:24:51 PM
Merited by Liza Soberano (2)
 #5261

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 do not think so. But it can just be possible that Bitcoin can be alike dollars in a way that in terms of being a cryptocurrency, Bitcoin will be the leading one while on the real currency, Dollars will be the one on it. It will not be possible that a virtual currency will replace a real currency because even if it was fast rising, still people relies on the existence of real currency and they are only accepting the fact that this currency is just the one to be useful and true. So what will happen on this will be just Bitcoin for virtual and Dollars for real.
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February 11, 2018, 12:50:00 AM
 #5262

Well, Bitcoin has already replaced the dollar in the cryptosphere, since it has been showned that the cryptocurrency prices are independent of the value of the dollar.
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February 11, 2018, 01:17:28 AM
 #5263

Dollar is very popular currency I mean it is widely used and everyone knows about it and used it it somehow, when Biticoin replace it I think it is possible through time, maybe decades from now we'll use biticoin instead of the dollar.
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February 11, 2018, 01:20:04 AM
 #5264

The dollar is so populair in the most country so I don't think it will replace ever and a lot of people use dollars. They understand what dollar is a real money.
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February 11, 2018, 01:25:22 AM
 #5265

Yes I think the dollar will be replaced by the bitcoin but it will take some time and the bitcoin needs to get bigger.
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February 11, 2018, 02:16:43 AM
 #5266

Dollar is already a strong currency, and i don't think dollar would replaced by bitcoin and other type of cryptocurrency, because in cryptocurrency  the value is constantly change, Its unpredictable depends on supply and demand whereas in dollar has its fixed value. Its impossible those things happen..

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February 11, 2018, 02:39:48 AM
 #5267

I think bitcion may not replace dollars  in 15years because it may not gain the popularity and acceptance  the dollar has but it may happen in the next 25years despite it's unpredictable.
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February 11, 2018, 04:35:21 AM
 #5268

I do not think it will happen, because bitcoin is virtual money and bitcoin is also illegal, so it will not replace the dollar. maybe up to 500 years also will not happen.


500 years is much even for a dollar! LOL. No, it will not replace American money, but each time we will count our BTC we will think how much we have in dollars. BTC and USD should live together in peace.
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February 11, 2018, 05:20:40 AM
 #5269

I don't think bitcoin will replace dollars anytime soon, or any cryptocurrency for that matter.
Dollar is a valuable and stable currency, it's strong and is mostly the basis for prices in other
forms of currencies worldwide. It's popular and frankly prominent, bitcoin is popular too and
it's more valuable but it's always fluctuating and can be reconsidered unstable compared to
dollar's stature.
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February 16, 2018, 05:41:51 PM
 #5270

I don't think bitcoin will replace dollars anytime soon, or any cryptocurrency for that matter.
Dollar is a valuable and stable currency, it's strong and is mostly the basis for prices in other
forms of currencies worldwide. It's popular and frankly prominent, bitcoin is popular too and
it's more valuable but it's always fluctuating and can be reconsidered unstable compared to
dollar's stature.

Exactly. Bitcoin can never be compared against the Dollar since it is always unstable and largely unregulated. On the other hand, the Dollar cannot replace Bitcoin since it lacks many unique features of a blockchain asset such as portability, anti-double spending mechanisms, and more. Also, it experiences inflation whereas Bitcoin has a deflationary model. So, in the end, I think that both Bitcoin and the Dollar will co-exist for many years to come, instead of replacing one another.

In the future, we will be able use both Bitcoin and the Dollar according to our needs. Whenever we want the trust, and stability of a currency, we'll use the Dollar. And when we want a safe-haven asset that serves as a store of value, we'll use Bitcoin. Maybe, as popularity grows among cryptocurrencies, governments would recognize them more as serious currencies along existing fiat solutions. Of course, anything could happen, but time will tell us what lies within both Bitcoin and the Dollar's prominence in our world. Just my opinion Smiley

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February 16, 2018, 05:57:14 PM
 #5271

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?
Bitcoin has been a passive cryptocurrency while dollar has been more active than bitcoin for a long time already. Dollar has its reputation built and it has been widely used by many people for a long run. I don't think bitcoin would sooner replace dollar because unlike dollar, bitcoin is not yet accepted by the whole world yet and some countries has even banned it within their territories.

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February 16, 2018, 06:09:38 PM
 #5272

Dollar is very popular currency I mean it is widely used and everyone knows about it and used it it somehow, when Biticoin replace it I think it is possible through time, maybe decades from now we'll use biticoin instead of the dollar.
Agreed, the dollar is the strongest currency at the moment and it is also supported by the strongest country so I'm never sure that the presence of bitcoin will replace the dolllar.

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February 16, 2018, 07:11:35 PM
 #5273

To replace the dollar would have required a marketcap for at least thousands of trillions, and I'm not sure this will happen, maybe before reaching bitcoin will be destroyed by the USA government because it will not like the dollar replaced with bitcoin.

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February 16, 2018, 09:01:08 PM
 #5274

Most likely, bitcoin and the dollar will have to coexist for a long time. And the problem is not even in the drawbacks of bitcoin (the dollar has more), but because it is difficult for people to change perceptions that have been established for many years.
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February 16, 2018, 09:37:35 PM
 #5275

Yes,In my opinion, I really agree with you. Bitcoin will never replace the dollar, but i think bitcoin can stand together with dollar. Bitcoin for digital currencies and dollar. It is possible that this will happen within our lifetime.
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February 16, 2018, 09:44:27 PM
 #5276

i think bitcoin will relace amerikan dollar and paper money soon. because it is a huge technology. It is now the date of the dollar or something.



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February 16, 2018, 10:48:23 PM
 #5277

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?

Dollar won't be replaced by bitcoin in any chance. Bitcoin and dollar have different functions and concepts. Dollar is used in everyday life transactions and mostly used fiat currency. Bitcoin is based on the online world and only few people have been using it. I believe dollar will continue to exist.

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February 16, 2018, 11:29:57 PM
 #5278

nope, I don't think so. Both of them are different currencies, a currency won't fall down that easily

bitcoins and dollars are different currencies, I also agree with you, bitcoin is a digital currency that for now exists only in digital systems whereas dollars are the currency of a country, and it is very unlikely that a country's currency is replaced with another currency
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February 17, 2018, 02:00:17 AM
 #5279

nope, I don't think so. Both of them are different currencies, a currency won't fall down that easily

bitcoins and dollars are different currencies, I also agree with you, bitcoin is a digital currency that for now exists only in digital systems whereas dollars are the currency of a country, and it is very unlikely that a country's currency is replaced with another currency
Bitcoin is not a legal currency and that word currency is only by definition in the crypto world.
USD is a legal currency and created by the government of the US and it's widely accepted all over the world without a risk, so people would choose
USD because they will only use it to transact, not to invest.

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February 21, 2018, 07:47:35 PM
 #5280

Most likely, bitcoin and the dollar will have to coexist for a long time. And the problem is not even in the drawbacks of bitcoin (the dollar has more), but because it is difficult for people to change perceptions that have been established for many years.

Agree. The Dollar has been an established currency for years. It's no wonder why its trusted by many countries and people around the world. On the other hand, Bitcoin is still new to the world and has a decentralized model which prevents it from becoming a replacement towards government-backed currencies like the Dollar. As such, it would be impossible for Bitcoin to completely replace fiat currencies such as the Dollar or Euro, given that it is not backed by anything.

In the future, both cryptocurrencies like Bitcoin and fiat currencies will exist alongside each other for generations. People will have the stability and reliability of a government-backed currency like the Dollar, while they'll be able to enjoy the benefits of decentralization that Bitcoin provides. Therefore, there will always be various options to choose from whenever it is fiat, crypto, or precious metals like Gold and Silver. One thing for sure, is that fiat currencies will start migrating to their own blockchain solutions, making them capable to stand alongside existing cryptocurrencies for years to come. Just my opinion Smiley

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