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Author Topic: UPDATE  (Read 41038 times)
beerlover
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April 18, 2016, 12:36:54 PM
 #761

they can never replace on another. Bitcoin can never be a real form of currency. It's just easier to refer it as one because same as with any other currencies - there are values and trades and swaps.

Bitcoin is already a full currency, i think. It's used to make deals and trades online just like the other currencies worldwide, and it's traded as well without any issues. And so many people prefer using it instead using Dollar.

The fact is that bitcoin is only used online and not physically, and that is the worst thing, but dollar is used and accepted everywhere and that is the reason it has more users in compare to bitcoin.
And with that the other fact is that bitcoin is currently too young, dollar is here from hundreds of years butcoin bitcoin is only a few years old so for bitcoin to defeat dollar it still require some more time and some more stamina.
Yes bitcoin is widely used for online use and for offline very less number of people know about that, also the governments do not mention it in their affairs so only onine people are there for their earnings and other businesses.

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maudevang
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April 18, 2016, 02:02:33 PM
 #762

We can't say which one is better.
Both have their own places, bitcoin for digital currency , and dollar for fiat use. Both can work good as co-exist.
today the dollar is still better than bitcoin, because the general public to use it as a medium of exchange, but bitcoin has a better potential, so I guess in the future bitcoin will become more important than the dollar
Not only today but forever because the dollar is not in need of bitcoin as a reference ride weakening their value against other currencies.
The bad thing of Dollar is that you cant use it online and that is bad, everything now around this time is getting more digital and that is bad for Dollar.
So there are also now people these days that is using some Bitcoins because you can use it easily online.
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April 18, 2016, 02:08:12 PM
 #763

they can never replace on another. Bitcoin can never be a real form of currency. It's just easier to refer it as one because same as with any other currencies - there are values and trades and swaps.

Bitcoin is already a full currency, i think. It's used to make deals and trades online just like the other currencies worldwide, and it's traded as well without any issues. And so many people prefer using it instead using Dollar.

The fact is that bitcoin is only used online and not physically, and that is the worst thing, but dollar is used and accepted everywhere and that is the reason it has more users in compare to bitcoin.
And with that the other fact is that bitcoin is currently too young, dollar is here from hundreds of years butcoin bitcoin is only a few years old so for bitcoin to defeat dollar it still require some more time and some more stamina.

Bitcoin needs a strong and valid reason to replace dollar which is missing at moment, but I think dollar will always rule the world as it has highest level of satisfied users.

Exactly there is no valid reason for bitcoin to replace dollar in terms of history, popularity, usage. This would get changed when the bitcoin reaches certain percentage of people.

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April 18, 2016, 04:13:02 PM
 #764


Exactly there is no valid reason for bitcoin to replace dollar in terms of history, popularity, usage. This would get changed when the bitcoin reaches certain percentage of people.

And bitcoin exist to changed the money payment system and not to replaced dollar. Bitcoin and dollar has both pros and cons. If anyone here can show that bitcoin has no cons then I will agree that bitcoin is much dominating than dollar.

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SAMKUSH
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April 18, 2016, 07:04:48 PM
 #765

bitcoin will never be taken over by fiat, oh wait...
i guess we are on the same boat! The fact that bitcoin has no refunds or chargeback to provide some security to its users, it will never overthrow  fiat the mighty dollar not in this generation
JumperX
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April 18, 2016, 07:10:10 PM
 #766

bitcoin will never be taken over by fiat, oh wait...
i guess we are on the same boat! The fact that bitcoin has no refunds or chargeback to provide some security to its users, it will never overthrow  fiat the mighty dollar not in this generation
Dollar is a super power and cannot be replaced so easily as it is the strongest currency of all till date, and it will continue to enjoy the power that it holds in future too.
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April 18, 2016, 09:06:11 PM
 #767

The Dollar is used far more then the Bitcoin this is because the Dollar just has been around longer. The Dollar also has cash and everybody uses cash and when you go to a other country you can trade it easily. Bitcoin is on a good way but still not near the Dollar.
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April 18, 2016, 09:08:47 PM
 #768

The Dollar is used far more then the Bitcoin this is because the Dollar just has been around longer. The Dollar also has cash and everybody uses cash and when you go to a other country you can trade it easily. Bitcoin is on a good way but still not near the Dollar.

If bitcoin gets even some closer to dollar the we all would be really happy but looking at present scenario it seems to be very difficult and dollar will always rule the world no doubt about that.
AsaroUk
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April 19, 2016, 09:43:08 AM
 #769

they can never replace on another. Bitcoin can never be a real form of currency. It's just easier to refer it as one because same as with any other currencies - there are values and trades and swaps.

Bitcoin is already a full currency, i think. It's used to make deals and trades online just like the other currencies worldwide, and it's traded as well without any issues. And so many people prefer using it instead using Dollar.

The fact is that bitcoin is only used online and not physically, and that is the worst thing, but dollar is used and accepted everywhere and that is the reason it has more users in compare to bitcoin.
Both are popular but if you want to talk about the future than you can see that Bitcoin will be more used and that is because Bitcoin is also getting more acceptable and that is nice.
I dont say that Bitcoin is going to replace Dollar but that will be only more used and that is going to happen because you can see it now already.
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April 19, 2016, 12:39:20 PM
 #770

Bitcoin have an potential to overtake dollar in future, but at a moment it seems that people will only use bitcoin, as many of people are not aware about bitcoin and people who are comfortable with dollar will continue to use it.

No overtaking is not the right term. If bitcoin will overtake dollar we won't see some nice profit during exchanges. Maybe the best term would be powerful currency over all.

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goinmerry
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April 19, 2016, 01:05:10 PM
 #771

Bitcoin have an potential to overtake dollar in future, but at a moment it seems that people will only use bitcoin, as many of people are not aware about bitcoin and people who are comfortable with dollar will continue to use it.

No overtaking is not the right term. If bitcoin will overtake dollar we won't see some nice profit during exchanges. Maybe the best term would be powerful currency over all.

Actually if it is the price we are talking bitcoin got a larger price now and is being numbered though dollars. But that doesnt say how powerful a currency is. Chaser is right if bitcoin overtake dollar we will get some really bad problems.
FabioDelcatto
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April 19, 2016, 01:16:52 PM
 #772

Bitcoin have an potential to overtake dollar in future, but at a moment it seems that people will only use bitcoin, as many of people are not aware about bitcoin and people who are comfortable with dollar will continue to use it.

No overtaking is not the right term. If bitcoin will overtake dollar we won't see some nice profit during exchanges. Maybe the best term would be powerful currency over all.
Bitcoin is already going to be popular and many used and that is nice, the only thing is that you never know what the value will be and that is the problem, we just only can wait.
Dollar is being reduced in using and that is logic because everything now is getting more digital.
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April 19, 2016, 01:23:38 PM
 #773

The dollar will always be controlled by the government. Bitcoin will never be regulated by any politician. That's the essence of using bitcoin, your government can not put some income tax or VAT in your account. You're the bank of your own. Although at the moment bitcoin has a very little chance of replacing fiat money.

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April 19, 2016, 01:51:47 PM
 #774

Bitcoin have an potential to overtake dollar in future, but at a moment it seems that people will only use bitcoin, as many of people are not aware about bitcoin and people who are comfortable with dollar will continue to use it.

No overtaking is not the right term. If bitcoin will overtake dollar we won't see some nice profit during exchanges. Maybe the best term would be powerful currency over all.

Actually if it is the price we are talking bitcoin got a larger price now and is being numbered though dollars. But that doesnt say how powerful a currency is. Chaser is right if bitcoin overtake dollar we will get some really bad problems.

I dont think that we will have a bad problem since dollar is just one currency and there are still a lot of strong currency like euro and pound so if dollar collapses i dont think that it will be a domino effect.
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April 19, 2016, 01:53:08 PM
 #775

The dollar will always be controlled by the government. Bitcoin will never be regulated by any politician. That's the essence of using bitcoin, your government can not put some income tax or VAT in your account. You're the bank of your own. Although at the moment bitcoin has a very little chance of replacing fiat money.

True, if you know what you are doing you can have any stack of money you want outside of the system, but what's the point? as soon as you have enough money to buy property or a vehicle, you are going to need to get that money taxed. You can't buy a car, let alone real state, without the government knowing. So you can have as much money as you want in Bitcoin, but at the end of the day, if you need to buy something expensive, there is no escape from the government.
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April 20, 2016, 06:12:18 AM
 #776

The dollar will always be controlled by the government. Bitcoin will never be regulated by any politician. That's the essence of using bitcoin, your government can not put some income tax or VAT in your account. You're the bank of your own. Although at the moment bitcoin has a very little chance of replacing fiat money.
True, if you know what you are doing you can have any stack of money you want outside of the system, but what's the point? as soon as you have enough money to buy property or a vehicle, you are going to need to get that money taxed. You can't buy a car, let alone real state, without the government knowing. So you can have as much money as you want in Bitcoin, but at the end of the day, if you need to buy something expensive, there is no escape from the government.


But eventually, bitcoin will be accepted by most services, it can include housing services too.

Well for houses though, you can just buy a land and let the government put tax on you. And then construct your own house. Pretty sure you're not getting any tax from buying cement and stuffs. Atleast you saved the tax to be put on you when you're going to buy a house.

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April 20, 2016, 08:04:13 AM
 #777

The dollar will always be controlled by the government. Bitcoin will never be regulated by any politician. That's the essence of using bitcoin, your government can not put some income tax or VAT in your account. You're the bank of your own. Although at the moment bitcoin has a very little chance of replacing fiat money.
True, if you know what you are doing you can have any stack of money you want outside of the system, but what's the point? as soon as you have enough money to buy property or a vehicle, you are going to need to get that money taxed. You can't buy a car, let alone real state, without the government knowing. So you can have as much money as you want in Bitcoin, but at the end of the day, if you need to buy something expensive, there is no escape from the government.


But eventually, bitcoin will be accepted by most services, it can include housing services too.

Well for houses though, you can just buy a land and let the government put tax on you. And then construct your own house. Pretty sure you're not getting any tax from buying cement and stuffs. Atleast you saved the tax to be put on you when you're going to buy a house.

Yes because dollars are controled by government and it has bat and taxes per transaction with it but it is good to have that because it can use to city development while bitcoin is not controlled by any government,corporation or people it remain anonymous as of now we can use this as invesment money online and i hope we can use this in future as online and offline payments.


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April 20, 2016, 08:06:17 AM
 #778

As you can see now you see that Bitcoin is getting more popular and also more used and that is because the value is going to rise and it is also getting more acceptable so that is nice.
The only thing that people have to know is that Dollar will nowt disappear soon.
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April 20, 2016, 08:48:41 AM
 #779

As you can see now you see that Bitcoin is getting more popular and also more used and that is because the value is going to rise and it is also getting more acceptable so that is nice.
The only thing that people have to know is that Dollar will nowt disappear soon.
but the dollar itself has been popular since the first, we do not know what would happen in the future but only if I think bitcoin will remain part of the digital money, and probably will not replace the transaction in the real world
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April 20, 2016, 10:12:55 AM
 #780

As you can see now you see that Bitcoin is getting more popular and also more used and that is because the value is going to rise and it is also getting more acceptable so that is nice.
The only thing that people have to know is that Dollar will nowt disappear soon.

Dollar will disappear? Are you s***ting me? What specifically kind of dollar? Where are you from? Is that the lowest currency on earth with a dollar at the end that is why you are saying that? BE REAL!
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