Post
Topic
Board Economics
Re: Do You Think Bitcoin Will Replace Dollar Soon?
by
Zadicar
on 10/11/2016, 13:21:04 UTC
It's not going to do it anytime soon or likely even within 15 years, but it could in our lifetime I reckon. I think more economic instability in certain countries and maybe another financial collapse/crisis will happen soon rather than later and that could bring in many new people to bitcoin which could have a snowball effect.

absolutely not. there is no point in thinking it ever will replace any major fiat currency. just stop thinking/hoping that it will happen. it will not.

Why will it not? If in the future bitcoin keeps going up and fiat keeps going down which is what happens when they print more of it on a whim people might wise up. Money should grow over time not devalue and bitcoin could solve this and that's what's great about a deflationary currency.

yeah i think there is a possibility that it may be able to do just that, replace the dollar. although i think it most likely will happen not in our lifetime. it may take decades as fiat has been used too much and most are dependent in it. though a lot of people are using bitcoin already, it would be hard for other countries, especially poor countries that are having a hard  time having internet available, to adopt a digital currency. so yes i also believe it can happen, but it will take a very long time

Possible   situations   might happen  but  same as  you said  it  won  really  happen  on   our  lifetime. As  we  all  know  that  fiat  is   centralized  by  government and   all of  people  do  really use  it  for everyday basis and   its   the  blood  of  a country  where  we are talking about  economic state  because if  there  no  fiat   a country  would   be weak  for sure  and  no development  hence  fiat  does  circulates all over the world.