Post
Topic
Board Economics
Re: Do You Think Bitcoin Will Replace Dollar Soon?
by
john2231
on 12/12/2016, 23:58:47 UTC
no, i don't think so, but i think it will "accompany" USD more like now, and it will become more and more popular


But why exactly? I don't think that it is logical for you to think that bitcoin and USD should always be "good buddies" and that is the only way that bitcoin will keep thriving and keep gaining in its price and value.

It is exactly the opposite, to achieve widespread adoption, you actually need USD to collapse and then bitcoin can take over.

They can be good buddies as the state will just declare that bitcoin is going to be another medium of payment or currency. But it can't be the primary one for USD will be always on the top. It is just kind of alternative way of paying and by using it a lot of opportunities will come out but still it is not going to be possible that bitcoin will replace dollar.
Bitcoin is always just good as alternative payment mode and i think they can not replace dollar because bitcoin is working only in the internet so you can send if you do not have internet in your place.. unlike dollar that you can deal anytime or anyware just to exchange it if you want..