Do You Think Bitcoin Will Replace Dollar Soon?

[gabmen]

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

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[BitHodler]

I don't think so, bitcoin is unknown for most people, so It's almost impossible atm, who know in future.

It doesn't matter how many people know what Bitcoin. Bitcoin will never come into a position where it has even the slightest chance of replacing any kind of fiat currency.

Governments won't keep staring ahead of themselves and allow Bitcoin to grow to a level where it will form a danger to their economy and banking system.

Necessary actions will be taken to prevent Bitcoin from possibly doing so. But even without that, the average Joe will not put fiat aside for Bitcoin.

They fear Bitcoin because of the fact that there is no central authority taking care of everything like the governments do, while for us Bitcoiners the decentralized aspect is one of the best things.

[Zadicar]

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.

[Dudeperfect]

I don't think so, bitcoin is unknown for most people, so It's almost impossible atm, who know in future.

Yes in my country hardly 0.01% people have any idea about what bitcoin is all about. I am sure bitcoin will keep gaining popularity and higher price but it will not bring any negative impact on the existence on fiat currency. Even if theoretically bitcoin can conquer the world, I don’t see any practical possibility of it anytime in near future.

[danherbias07]

We just have to remeber Americans are patriots and their money tells about their history and who they are. They wont just leave it behind for a cryptocurrency.

[hurain]

For me its not this two was in a different category of currency that is why this two can not compete its other bitcoin is decentralized currency and dollar is centralized currency, more people look this with the same currency which is not.

but  think we can compete both the currencies as both can be be use for same purpose, so i think in present time it is not so easy that bitcoin will replace USD, but in long run we can expect that, as people are now giving preference to online trading and bitcoin is the best option for them.

[LuanX3]

                                                                                                                                                                               
Bitcoin will not yet replace the US dollar. First of all, bitcoin is not as versatile as USD. Second, the world has not yet fully accepted digital currencies as a medium of exchange and payment. Hence, we cannot see bitcoin to replace USD or any currency in the near future. But surely, digital currency will change the finance game! It's just a matter of time.

[Aamir1]

                                                                                                                                                                               
Bitcoin will not yet replace the US dollar. First of all, bitcoin is not as versatile as USD. Second, the world has not yet fully accepted digital currencies as a medium of exchange and payment. Hence, we cannot see bitcoin to replace USD or any currency in the near future. But surely, digital currency will change the finance game! It's just a matter of time.

And besides all that, bitcoins are limited, there are a limited amount of bitcoins in circulation which i doubt would be able to fill the gap at all, because there are a extremely large number of USD in circulation right now in the world and bitcoin wont be able to cover all that.

[miscreantskua]

No, it wont.. but who knows nothing is imposible

[Bitcoinsummoner]

                                                                                                                                                                               
Bitcoin will not yet replace the US dollar. First of all, bitcoin is not as versatile as USD. Second, the world has not yet fully accepted digital currencies as a medium of exchange and payment. Hence, we cannot see bitcoin to replace USD or any currency in the near future. But surely, digital currency will change the finance game! It's just a matter of time.

And besides all that, bitcoins are limited, there are a limited amount of bitcoins in circulation which i doubt would be able to fill the gap at all, because there are a extremely large number of USD in circulation right now in the world and bitcoin wont be able to cover all that.

Yeah in bitcoin there is a limitation and for usd or dollar  there is no limitation because they can be still make a new money in their banks if government needs it... bitcoin will be stay as alternative payment and dollar will be stay remain.

[transabox]

No, it wont.. but who knows nothing is imposible

I think you're right. Bitcoin does not replace the dollar. Even for the reason that the government will not allow it

[bitdumper]

i do not think something like it because it already did. com'mon 700$ will get you 1bitcoin it is already rulling on everything at every country if you have bitcoins then you have the popularity and i am glad to be a bitcoiner

[moriskarlov]

This currency is not subject to inflation. This is not beneficial to the global financial magnate

[gabmen]

i do not think something like it because it already did. com'mon 700$ will get you 1bitcoin it is already rulling on everything at every country if you have bitcoins then you have the popularity and i am glad to be a bitcoiner

well it doesn't necessarily mean that because the price of bitcoin is higher than the dollar, it has the capability to replace it. I don't think it works that way. bitcoin is a cryptocurrency and the use of bitcoin today, even though it's beginning to get popular following, it still minimal since it's a digital currency. more people are still using the dollar, fiat currency, and I don't think that will chance for a long time. we may not even be here anymore if in case a time will come that crypto will replace fiat.

[dothebeats]

Very unlikely since the dollar still has a larger backing and most of the people in this planet use the said currency even for their domestic transactions and such. Also, the world is not yet ready for a global overhaul of the currency system and fiat would still remain the dominant currency over other currencies available to the market and global economy.

[serjent05]

Very unlikely since the dollar still has a larger backing and most of the people in this planet use the said currency even for their domestic transactions and such. Also, the world is not yet ready for a global overhaul of the currency system and fiat would still remain the dominant currency over other currencies available to the market and global economy.

Yes indeed very unlikely, even replacing any currency of developing nation.  A nation's currency is the nation's distinction so i don't think that bitcoin will replace any currency, it will be more likely an alternative to the main currency of a nation, the possible highest place of bitcoin in ranking.  There are several reason that has been stated in this thread about bitcoin not replacing any currency of the world.  Bitcoin might inspired an innovation but it will never replace dollar or any currency of a nation.

[blackmagician]

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?

Yes ,im one of the tons of believers of bitcoin. i agree that bitcoin will replace dollar soon.
This might takes its place on 2031. Where bitcoin is as high as the.moon.

[praboso96]

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?

Yes ,im one of the tons of believers of bitcoin. i agree that bitcoin will replace dollar soon.
This might takes its place on 2031. Where bitcoin is as high as the.moon.

I do not believe that Bitcoin will replace the dollar. It will not allow any government. Yes, Bitcoin will become more popular than it is now, but it will not replace the centralized currency

[Kasplant]

No this is not gonna happen, the dollar is way to powerful and it will also get more powerful with some time so I do not think its possible if I have to speak the truth and give my opinion.

[outatime1]

I don't think bitcoin will ever replace the US dollar. The government would not allow that to happen. I could see bitcoin being used as a payment method like paypal, or a method of sending money like western union, or even a way to store money instead of banks.