Do You Think Bitcoin Will Replace Dollar Soon?

[HarHarHar9965]

yes. i get feel about that.
i hope this can be released.
cause is now time to the future currency, and not anymore use paper money in anywhere we go.
to difficult. and bad feel.

ofcourse the paper money is as useless as it could be, fiat is a financial exchange system which is broken at the moment, and bitcoin might not particularly be a fix but a rather amazing alternative, and not a replacement. Bitcoin can either go really big and become the most accepted currency but looking at things right now, I am questioning the time it might actually take for something like that, a few years maybe.

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[OBAViJEST]

Not soon, maybe never... But always as an alternative 

[lahm-44]

I think yes..it will or it can but firselt it should had to be stable or at least not too much volatile like its present state..just pointing on soe important point that nobody will risk their money if the currency has some devastating distruction chances

[Mr.jatt]

No, Bitcoin cannot replace dollars soon.
I mean That if XT kinds of hindrance will regularly come in its path and prices keep on fluctuating this much, then it will be very difficult to replace dollars which is the most widely accepted currency.

[centauribit]

Not soon ...I believe that it wont change dollar soon maybe for more 20 years as people usually like to have paper money, and they still with banks and dont want bigger reforms

[funkenstein]

No, Bitcoin cannot replace dollars soon.
I mean That if XT kinds of hindrance will regularly come in its path and prices keep on fluctuating this much, then it will be very difficult to replace dollars which is the most widely accepted currency.

Most people bring ice in from the north on ships, that is the most widely accepted way to do it, and what people do now is what people will always do.  Also people disagree on the details of how to build refrigerators. 

[HarHarHar9965]

No, Bitcoin cannot replace dollars soon.
I mean That if XT kinds of hindrance will regularly come in its path and prices keep on fluctuating this much, then it will be very difficult to replace dollars which is the most widely accepted currency.

Most people bring ice in from the north on ships, that is the most widely accepted way to do it, and what people do now is what people will always do.  Also people disagree on the details of how to build refrigerators. 

Either you said something which is the realest or you were just irrelevant Anyway, discussing about XT, I think that has comparatively very less to do with what is happening to the price, because XT is not another currency so people aren't leaving, they just choose something with better speed, an alternative version of the same technology. What's affecting price is the black monday we experienced and stock market crash, with all the bullshit from China we are receiving on the usual nowadays.

[flock123]

I think it's impossible
the unit price of bitcoin was so large that it is very difficult to use, in contrast to the dollar which has a normal unit price

[VirosaGITS]

I think it's impossible
the unit price of bitcoin was so large that it is very difficult to use, in contrast to the dollar which has a normal unit price

Why? In term of unit price, you can easily use the cent or the mBtc. And then there's the opposite, currency that are worth 100-1000 time less than the "normal unit price" which work just as well and this in the real world economy.

So how is a deviation of two zeros and worse than real world 3 and 4 unit deviation?

[HarHarHar9965]

I think it's impossible
the unit price of bitcoin was so large that it is very difficult to use, in contrast to the dollar which has a normal unit price

Why? In term of unit price, you can easily use the cent or the mBtc. And then there's the opposite, currency that are worth 100-1000 time less than the "normal unit price" which work just as well and this in the real world economy.

So how is a deviation of two zeros and worse than real world 3 and 4 unit deviation?

normal is what people define it to be Bitcoin can be divided into very minute parts and I question if you can really do that with other fiats, keeping the extremity of divisibility apart, I would also also like to question what you define a normal unit price as, I think real world economy could be well understood, if you give it a try

[VirosaGITS]

I think it's impossible
the unit price of bitcoin was so large that it is very difficult to use, in contrast to the dollar which has a normal unit price

Why? In term of unit price, you can easily use the cent or the mBtc. And then there's the opposite, currency that are worth 100-1000 time less than the "normal unit price" which work just as well and this in the real world economy.

So how is a deviation of two zeros and worse than real world 3 and 4 unit deviation?

normal is what people define it to be Bitcoin can be divided into very minute parts and I question if you can really do that with other fiats, keeping the extremity of divisibility apart, I would also also like to question what you define a normal unit price as, I think real world economy could be well understood, if you give it a try

The user to which i replied to effectively said its not a good currency value because its too large. Then said the US which has a normal unit price. The difference ratio BTC/US is 200:1 atm or so, but i immediately thought of similar currencies, such as the Yen who does 120:1.

Thus personally, any global currency commonly used in the world, such as any country currency or common good is a "normal" range.

Just take gold. Its 1140:1 for an ounce, 36900:1 for a KG. Saying bitcoin's 200:1 is abnormal is just someone's inexperienced opinion, not fact.

To finish my point. Gold is also counted as per G to bring it down to a number easier to handle, where it is about 37:1. So its about choosing your denominators. The unit size is subjectively relevant at best.

[Abiky]

If Bitcoin reaches above $1000 then I would think that it would replace the dollar. But for now, the price keeps going down and down. 

[irfan01]

I think not, because the current price of the bitcoin leads to a dollar.
Price 1 BTC ups and downs make bitcoin prices are not in the know while the price 1$ remains 1$

[mrhelpful]

Bitcoin replacing the dollar I highly doubt it.

Since the world reserve currency can be replaced by another fiat form by based on china. Sketch as it sounds its possible, since we owe more to them plus they been buying more metals.

[nerFohanzo]

If Bitcoin reaches above $1000 then I would think that it would replace the dollar. But for now, the price keeps going down and down. 

Bitcoin can never replace any major currency, even if the value of bitcoins reaches the moon, I don't think that it can replace USD as the market cap and market acceptance of USD is quite higher as compared to bitcoins, people would start accepting bitcoins as a currency but it would never hit the mainstream and cannot replace any major currency.

[zeraTunerse]

What a thread and People are replying yes BTC will replace.
But i am sure it will never , all we measure the Value of Bitcoin is in $ , then how can we replace $ , assume if it replaces 4 then in what currency we will measure bitcoins? 1 btc= 1m btc x 1000 bits or what?? , in fact there needs something relative through only which we can evaluate the former.

[VirosaGITS]

What a thread and People are replying yes BTC will replace.
But i am sure it will never , all we measure the Value of Bitcoin is in $ , then how can we replace $ , assume if it replaces 4 then in what currency we will measure bitcoins? 1 btc= 1m btc x 1000 bits or what?? , in fact there needs something relative through only which we can evaluate the former.

It is because people are confused with what "replace" means. Most government will never let BTC take over their national currency that would destroy them and maybe the country along with it.

But will it become usable and maybe more often used than the $ in some town or some other place? Sure. Thats just mainstream adoption. It can happen.

[wxa7115]

I do not think so, bitcoin is going to become more and more mainstream and will eventually be an amazing alternative to fiat currencies, but I think it will need a time period of about 20 to 25 years.

[avatar_kiyoshi]

Bitcoin is always be an alternative currency, but it's better than fiat.

If Bitcoin reaches above $1000 then I would think that it would replace the dollar. But for now, the price keeps going down and down. 

LOL you think will replace dollar but you wish the price reaches above $1000, only look in terms of price

[HarHarHar9965]

LOL you think will replace dollar but you wish the price reaches above $1000, only look in terms of price

The only reason behind the success of dollar is that it is the official currency to buy petrol, it is called the petrodollar. as far as petrodollar exists, there is trade taking place by all the countries in huge amounts which involve dollar which ensures that dollar will never be stopped using in trade, so all the countries developed value for dollar too similarly, causing U.S to not worry about paying their debt back.