Do You Think Bitcoin Will Replace Dollar Soon?

[X-ray]

I'm not sure, bitcoin will not be able to replace the dollar as a currency. Moreover, the dollar is used in nearly all countries in the world. While bitcoin, in some countries rejected ..

Yes. You are right, the governments of some countries are very hostile to bitcoins. But I want to believe that they will change their attitude to the cryptocurrency. But the fact that bitcoin will replace the dollar is still too early to say

i think that it is also a good news that the government is now changing their attitude about bitcoin, they have now start thinking about bitcoin how to turn bitcoin as legal currency and hope that very soon we are going to hear the new about the news that government have consider bitcoin as legal currency of the world and now people can use bitcoin as legal currency.

Even with the positive view of other country to bitcoin, it will never replace  dollar anytime soon. Even the etf were not approved by SEC, what more being an official currency of one country.  Bitcoin is always best being an alternative currency to USD.

Well, you are right about that. I mean, people already use dollar currency since long time ago and bitcoin is not popular as dollar. I think it's hard for bitcoin to replace dollar, people need to know what and how is bitcoin works to get accepted by people and bitcoin don't have a physical unit like paper or coin.

It is not just hard but impossible to happen. Within its lifetime bitcoin could not replace dollars or any of the fiat currency. The basic reason is that the government will not allow it since bitcoin is out of their control and the second is that even if they will adopt bitcoins the total number of bitcoins in the circulation cannot cope up with the actual number of fiat currency in the entire world in circulation.

If you are talking about the whole fiat currency then you are right that it is impossible for bitcoin to replace it because of lacks of supply but in my opinion, it is possible for bitcoin to replace one currency in one country because it has enough supply for them and it is not that hard but so easy to use rather than their fiat.

No, Do you do a research before giving a conclusion about the limitations of bitcoin to be the secondary of fiat currency caused by lack of supply. If the price of bitcoin worth a lot in the future and every satoshi will worth a dollar and that's really enough.

The supply is not the important reason for bitcoin can't be substitution of fiat currency.

[(altair)]

No not at all.Would you think government financial system will be replace by a decetralized cryptocurrency?Bitcoins has no competetion in USD and any other fiat currency.Goverment vs just few business man who runs bitcoins.They have no match against the government

[lighpulsar07]

No and it won't be. Because in terms of supply, bitcoin is limited and also the government, do you think that they will allow it? no, bitcoin is so decentralized even the government can't control it.
Government have a power and bitcoin does not.

I'm not sure, bitcoin will not be able to replace the dollar as a currency. Moreover, the dollar is used in nearly all countries in the world. While bitcoin, in some countries rejected ..

Yes. You are right, the governments of some countries are very hostile to bitcoins. But I want to believe that they will change their attitude to the cryptocurrency. But the fact that bitcoin will replace the dollar is still too early to say

i think that it is also a good news that the government is now changing their attitude about bitcoin, they have now start thinking about bitcoin how to turn bitcoin as legal currency and hope that very soon we are going to hear the new about the news that government have consider bitcoin as legal currency of the world and now people can use bitcoin as legal currency.

Even with the positive view of other country to bitcoin, it will never replace  dollar anytime soon. Even the etf were not approved by SEC, what more being an official currency of one country.  Bitcoin is always best being an alternative currency to USD.

Well, you are right about that. I mean, people already use dollar currency since long time ago and bitcoin is not popular as dollar. I think it's hard for bitcoin to replace dollar, people need to know what and how is bitcoin works to get accepted by people and bitcoin don't have a physical unit like paper or coin.

It is not just hard but impossible to happen. Within its lifetime bitcoin could not replace dollars or any of the fiat currency. The basic reason is that the government will not allow it since bitcoin is out of their control and the second is that even if they will adopt bitcoins the total number of bitcoins in the circulation cannot cope up with the actual number of fiat currency in the entire world in circulation.

If you are talking about the whole fiat currency then you are right that it is impossible for bitcoin to replace it because of lacks of supply but in my opinion, it is possible for bitcoin to replace one currency in one country because it has enough supply for them and it is not that hard but so easy to use rather than their fiat.

No, Do you do a research before giving a conclusion about the limitations of bitcoin to be the secondary of fiat currency caused by lack of supply. If the price of bitcoin worth a lot in the future and every satoshi will worth a dollar and that's really enough.

The supply is not the important reason for bitcoin can't be substitution of fiat currency.

Lol you're ridiculous 1bitcoin is worth 100million dollars? No that would never happen if that would happen, it could be result to world economic crisis.

[HarringtonStark]

No dollars will never be replaced with another currency but bitcoin will become more popular and more popular as time pass by because of smartphones. Majority of people use smartphones these days as more affordable ones goes into sale. Thanks to bitcoin wallet apps people can use the crypt currency easily but just scanning a QR code and the transaction is done.

[SoulBargain]

I'm not sure, bitcoin will not be able to replace the dollar as a currency. Moreover, the dollar is used in nearly all countries in the world. While bitcoin, in some countries rejected ..

Yes. You are right, the governments of some countries are very hostile to bitcoins. But I want to believe that they will change their attitude to the cryptocurrency. But the fact that bitcoin will replace the dollar is still too early to say

i think that it is also a good news that the government is now changing their attitude about bitcoin, they have now start thinking about bitcoin how to turn bitcoin as legal currency and hope that very soon we are going to hear the new about the news that government have consider bitcoin as legal currency of the world and now people can use bitcoin as legal currency.

Even with the positive view of other country to bitcoin, it will never replace  dollar anytime soon. Even the etf were not approved by SEC, what more being an official currency of one country.  Bitcoin is always best being an alternative currency to USD.

Well, you are right about that. I mean, people already use dollar currency since long time ago and bitcoin is not popular as dollar. I think it's hard for bitcoin to replace dollar, people need to know what and how is bitcoin works to get accepted by people and bitcoin don't have a physical unit like paper or coin.

It is not just hard but impossible to happen. Within its lifetime bitcoin could not replace dollars or any of the fiat currency. The basic reason is that the government will not allow it since bitcoin is out of their control and the second is that even if they will adopt bitcoins the total number of bitcoins in the circulation cannot cope up with the actual number of fiat currency in the entire world in circulation.

If you are talking about the whole fiat currency then you are right that it is impossible for bitcoin to replace it because of lacks of supply but in my opinion, it is possible for bitcoin to replace one currency in one country because it has enough supply for them and it is not that hard but so easy to use rather than their fiat.

No, Do you do a research before giving a conclusion about the limitations of bitcoin to be the secondary of fiat currency caused by lack of supply. If the price of bitcoin worth a lot in the future and every satoshi will worth a dollar and that's really enough.

The supply is not the important reason for bitcoin can't be substitution of fiat currency.

Unless if that country is poor then Bitcoin will be able to replace the currency in that country but unfortunately knowledge with the technology is needed which in fact is not that widely known with those countries. The point is it is impossible because bitcoin is nothing compared to dollar. It is of great superiority that dollar is.

[mkmdoc]

Bitcoin will be treated as another currency like USD but it cannot completely replace the USD because without interaction with the government it is not possible. As of now, bitcoin has changed many aspects in the fields of economy and it makes the government think about it. But we have to wait and see in coming days how the bitcoin will be treated as.

[Marcus_2017]

No dollars will never be replaced with another currency but bitcoin will become more popular and more popular as time pass by because of smartphones. Majority of people use smartphones these days as more affordable ones goes into sale. Thanks to bitcoin wallet apps people can use the crypt currency easily but just scanning a QR code and the transaction is done.

Never say never. It all depends on the prevalence of currency. Now a lot of people who travel to different countries with the aim of earning. If there is an opportunity to earn online bitcoins, it will be EN masse and over time can easily move the dollar. The main thing is to create a labour market with payment in bitcoins.

[Ziskinberg]

No dollars will never be replaced with another currency but bitcoin will become more popular and more popular as time pass by because of smartphones. Majority of people use smartphones these days as more affordable ones goes into sale. Thanks to bitcoin wallet apps people can use the crypt currency easily but just scanning a QR code and the transaction is done.

In terms of online upgrades, there are a lot of things we can see now and not only bitcoin ha done that, the only difference with bitcoin is because it is a decentralized currency that is unique from the current practice since we are centralized ever since. However, I don't see any reason where dollar will be replace by bitcoin as the government are still in the power to regulate things and they can even ban bitcoin if they prefer.
We are living in a centralized world and we got to get used of it and just don't think this will be change by a decentralized world.

[batang_bitcoin]

No not at all.Would you think government financial system will be replace by a decetralized cryptocurrency?Bitcoins has no competetion in USD and any other fiat currency.Goverment vs just few business man who runs bitcoins.They have no match against the government

They will not going to agree and will let it happen. They consider bitcoin / decentralized crypto currency as a very risky type of currency. And that can be manipulated by a single person that we called whale. But we'll see if dollar will be replaced by another currency that they upgraded from their original or the same thing with btc.

[grandy]

Bitcoin will be treated as another currency like USD but it cannot completely replace the USD because without interaction with the government it is not possible. As of now, bitcoin has changed many aspects in the fields of economy and it makes the government think about it. But we have to wait and see in coming days how the bitcoin will be treated as.

i think bitcoin will remain as number one currency of the world, as there is no such other currency which we can compete with bitcoin, and that is the reason that we are expecting that bitcoin will remain as number one currency of the world for ever.

[DrGuns4Hands]

bitcoin is not a fiat so bitcoin wont replace dollar bitcoin is a decentralized currency that's the reason why and also the government wont let that happen because when the bitcoin replace the dollar there must be no tax because that's how the bitcoin system work in order to evade taxes am i right? correct me if im wrong .

[Patinix]

bitcoin is not a fiat so bitcoin wont replace dollar bitcoin is a decentralized currency that's the reason why and also the government wont let that happen because when the bitcoin replace the dollar there must be no tax because that's how the bitcoin system work in order to evade taxes am i right? correct me if im wrong .

I'm not sure if I understand what you mean.

Blockchain technology can be used against corruption and to make governments more transparent.

[Kimi80]

Why not. Is it truth that Japan legalize bitcoin as official currency week or two weeks ago? Also, Amsterdam has a Bitcoin Bulevard, project that signed by dozen merchants to accept bitcoin. So, the future is here, we are on it`s beginning but soon enough, it`s going to replace not just dollar, but all currencies. Don`t know if that is good or bad for us mortals. Future will tell... And the government, they will find the way to protect themselves and even profit and put under their control, like they always do.

[Alexzap]

Why not. Is it truth that Japan legalize bitcoin as official currency week or two weeks ago? Also, Amsterdam has a Bitcoin Bulevard, project that signed by dozen merchants to accept bitcoin. So, the future is here, we are on it`s beginning but soon enough, it`s going to replace not just dollar, but all currencies. Don`t know if that is good or bad for us mortals. Future will tell... And the government, they will find the way to protect themselves and even profit and put under their control, like they always do.

First, Japan does not recognize bitcoin as currency. They're only going to accept bitcoin as means of payment. It's a little different. Second, the government never let go of their hands the ability to control finances. This will mean a loss of control over the economy and the collapse of the state. Who's ready to go?

[raven7886]

I think that this will never happen. The dollar is the currency that the government supports. That's why the dollar will always exist. The government can not trust Bitcoin.

Most definitely not, it may seem that bitcoin is a highly popular currency and we are comfortable to use it but on a large scale it cannot be used by all the people in the world because it cannot cover all the needs of the whole world, I mean right now probably not even 1% of the world is using it and we are struggling to keep the bitcoin network stable.

[Hypnosis00]

Dollar will still be dollar and bitcoin will still be bitcoin. There is no chance for bitcoin to change dollar or even replace it because if you are on your mind you can realize that dollar is so damn powerful and its government. You can't beat a currency that in the world since our great great grandparents.

[TimeManLove]

Why not. Is it truth that Japan legalize bitcoin as official currency week or two weeks ago? Also, Amsterdam has a Bitcoin Bulevard, project that signed by dozen merchants to accept bitcoin. So, the future is here, we are on it`s beginning but soon enough, it`s going to replace not just dollar, but all currencies. Don`t know if that is good or bad for us mortals. Future will tell... And the government, they will find the way to protect themselves and even profit and put under their control, like they always do.

First, Japan does not recognize bitcoin as currency. They're only going to accept bitcoin as means of payment. It's a little different. Second, the government never let go of their hands the ability to control finances. This will mean a loss of control over the economy and the collapse of the state. Who's ready to go?

You're right. The government will never give freedom to the Cryptocurrency. It will always try to control bitcoin. Some countries generally prohibit cryptocurrency.

[wahb]

No not at all.Would you think government financial system will be replace by a decetralized cryptocurrency?Bitcoins has no competetion in USD and any other fiat currency.Goverment vs just few business man who runs bitcoins.They have no match against the government

yes currently it is really looking difficult as the users of bitcoin are not too much, but in future when the bitcoin users will increase more and more then there are still the possibility that bitcoin will replace fiat.

[Sled]

No not at all.Would you think government financial system will be replace by a decetralized cryptocurrency?Bitcoins has no competetion in USD and any other fiat currency.Goverment vs just few business man who runs bitcoins.They have no match against the government

yes currently it is really looking difficult as the users of bitcoin are not too much, but in future when the bitcoin users will increase more and more then there are still the possibility that bitcoin will replace fiat.

No there is no possibility for bitcoin to replace fiat because if you balance it then you can easily tell if bitcoin has a chance for replacing the fiat. Fiat is one of the government property and government will not allow us to replace their property because they will think that bitcoin is a bad thing because we want it for replacement of something. In my opinion, we don't need to replace fiat because we just need to be an another option in payment systems so we can use it regularly.

[xSkylarx]

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?

No it can't be. Dollar is very powerful and yet they will just let it? And in terms of legality and uses then dollar is on the upper hand. Bitcoin can be used like dolars but as we know Bitcoin has no concrete form which is one of the reasons why it cannot defeat dollars with many more reasons.