Bitcoin instead of Dollar !!

[Omar Ommeish 4872]

On 1/16/2020 at 6:53 PM, Agios said:

Can the US government replace the dollar with Bitcoin, This is impossible because the USD is the identity of the American currency, also the value of Bitcoin is not stable, there is no guarantor, Bitcoin also cannot be controlled and may not necessarily be accepted by other countries in international trade.

I do not think that the dollar will be replaced by bitcoin, but I believe that Bitcoin will become a syncope for the dollar and can be relied upon in many international transactions instead of the dollar.

[Red-Jones 1150]

bitcoin is very volatile, its price rises a lot out of nowhere and drops a lot from swimming, and because of the whales that manipulate the price it makes bitcoin very dangerous to use as currency to make payments and is slow when the person bitcoin to another person, these points do of less competitive bitcoin compared to dollars as a means of payment

[leakydonney 1402]

Crypto currency such as Bitcoin can't displace fiat currency especially dollar due to most of people have low level of knowledge and awareness about the crypto marketing as they think as one of them scammg method so it will take a lot of energy and time to make them trust the system

[Onden 2098]

I don't think that will happen, the dollar is the currency of a country and the condition for the formation of that country must have its own currency, the dollar is regulated by law there so it is impossible for bitcoin to replace it. Bitcoin has a limited amount so it is not suitable to replace any currency, it is more profitable for investing and trading.

[Tetrisreal 219]

I do not think this happens, it is like telling you Mr. Trump, please give back all the power you have over your currency and let us implement this other currency where you will never have the power to control you or anyone, looking at it from that point of view, no one would gladly accept .

[annayks 2314]

If the dollar will start to have high inflation the americans will replace it with Bitcoin without the help of their government. Bitcoin is to be used by the people. A government owning a few Bitcoins and giving to their people in replacement for their currency is not a good system.

[zhoutong 2188]

It this happens my friend, the price of the dollar would be zero. You won't be able to buy anything even with one million dollars as it will be consumed by hyperinflation Venezuelan type. It will not help you to make more money but with your bitcoin if you held them you will be able to buy ten houses and a few mansions.

[Red-Jones 1150]

On 10/12/2020 at 2:52 AM, Suparna said:

The US government will never replace the dollar with Bitcoin. It is possible to control the dollar but it is not possible to control Bitcoin, so I think it will never be possible to replace the dollar with Bitcoin.

 

In fact, each country created its currency based on the history of the country, the currency of a country represents the history and culture of the country. they are the sovereign symbol of the country, they never substituted dollar for bitcoin that was created by someone anonymous, that nobody can guarantee that it is not Chinese or Japanese or of some country that lives dictatorship. there are still many bitcoin mysteries that need to be revealed over time

[Chrenova 182]

I think that at the moment we are not going to see a replacement of fiat currency by cryptocurrencies, I think it will take many years for that to happen. But I do not believe that bitcoin is the replacement for fiat money, but rather stable currencies would do it. I believe that the role of bitcoin in history is not to replace the dollar, but gold. To become the largest store of value in the world in the next few years, I believe that in the next 20 years we will see an increase in the value of bitcoin never seen before. And when everyone adopts it, we will slowly see how we replace fiat money with cryptocurrencies.

[estee369 489]

I do not think this will happens. USA can take another crypto currency or they can form their own crypto currency in the future but that can not be BTC. BTC market is too volatile and can not use as we can use fiat. So Stable coin will be much preferable. But Its not easy to do that. Every other nation also need to accept crypto currency because other nation use USD as their reserve funds.

[julianisaac 97]

I don't think that bitcoin replaces the dollar. I think that governments are going to create their own cryptocurrency to replace paper currency, but it will be managed by governments, I don't think they are decentralized. I particularly do not believe that the dollar will be replaced by a cryptocurrency because of the strength of the dollar

[Ndayebo8 0]

It is impossible for bitcoin to replace fiat money because first of all, it is volatile and a volatile coin is not an ideal way of payment, second bitcoin is ideal for investment and not for payment, third many stores don't take cryptocurrency as a way of payment so I think it is impossible for bitcoin to replace fiat money.

[Puslit 34]

bitcoin is best for online transaction but to high for the mining fee, than USD

[ajabe2 1485]

In the purpose of transaction and payment method, People looking for a trusted sector. Bitcoin has it but I want to say it requires more way to go. It needs more adoption and credibility to use as a money.

[Emma William 2399]

I think it is not impossible! But this is very difficult in our time! Because we know that the United States of America is not at all interested in the digital currency project and is against this project! Because it affects directly and indirectly the strength of the US dollar!

[Cryptic 0]

I don't think if it would happen that we can no longer any local currency and only BTC, because I think BTC is very volatile to the point that you can face losses in just a day, unlike the stable currency like USD that barely change its price. So we don't need to compare both currency since it needs to coexist and gets benefit to each other. 

[Alex9876r 1408]

I do not think that he should completely replace it, but the dollar can be dispensed with in huge financial payments with less fees, more quickly and more safely. The dollar is a currency against which Bitcoin is traded, but its role will be limited to legalizing the use of cryptocurrencies in all countries.

[Russel 017 506]

We all know that bitcoin is centralized currency and government has full control over it.But bitcoin is decentralize currency,no one can control it.For this reason us government will never replace dollar with bitcoin. 

[Dorjoy12 8962]

This never going to be happen in usa ever because if the usa Govt accept bitcoin as replace of usd then there will have an economic probelm while bank cant control daily usd transaction..  Also you might know that usa accept bitcoin already but in a regulations which is you need to convert your bitcoin by their Govt exchange site and take usd then use it in your daily life..              

[BraveHeart01 1569]

It is not possible to do that because  the btc rate is highly  flexible and the country can not afford  to use that currency  instead of the USD.

[Amiami 1362]

I very much doubt that the United States government renounces the hegemony of the dollar which allows them to have some control over international transactions since it is well known that it is considered a universal currency since generally the economy of several countries tend to have  a conversion rate to the dollar.

 

However, if this happens it would be due to a global economic collapse where the only alternative is cryptocurrencies, although this is almost impossible for what I mentioned earlier.

[Simon London 1749]

Hello everyone, the dollar is considered as the reference currency, but I consider that the coronavirus crisis could push bitcoin to replace the dollar as a world reserve currency, it could provide the right opportunity for bitcoin to intervene as a main player in the domain of the dollar as the world's reserve currency.

[mzk7736 1592]

It would be like putting the economy of a superpower at stake because US dollar is very less volatile and almost stable that gives security to the persons who invest in the stock exchange of USA while Bitcoin is very much volatile and it is going to put a lot of investment maybe in billions of dollars at stake.

[Relium 424]

well, if you do not need hot cash you can keep your money as bitcoin but bitcoin price is volative so you can lose and earn money at once. but if you need hot cash you can not keep your money as bitcoin because most of the places do not accept bitcoin yet.

[Ryken8 545]

I don’t think this will happen mainly because the US government cannot control bitcoin because it is decentralized and bitcoin has a cap of 21M which means that they will not be able to keep on printing currency just like what they have been doing with the USD fiat currency.