Do You Think Bitcoin Will Replace Dollar Soon?

[chain_chain]

Today we have some issues with bitcoin. There more than 200k unconfirmed transactions, the fees are to high. My point is in short-term there is no way for btc to replace $. But who knows about the future....i admit the fact that in 15-20 years it can happen. 

[Seram1]

I think now or a few years bitcoin can not yet replace the dollar position, there are still many people who do not know or understand bitcoin.

Could happen

But it takes a long time for the bitcoin focus to replace the dollar.!!!

[Vikingr]

I think now or a few years bitcoin can not yet replace the dollar position, there are still many people who do not know or understand bitcoin.

Could happen

But it takes a long time for the bitcoin focus to replace the dollar.!!!

In actual bitcoin will not complete finish the dollar but it will push dollar at a side and then dollar will be used as a currency for a single state as other fiat currencies are in use and it will replace dollar in the sense that it will be used for international dealings by private and governmental organizations. So I think it will not take much longer time but only the governments need to accept it as their currency.

[carlerha]

with a fee of 1USD bitcoin will never be allways used, so we will still need an asset that you can touch.

With a large transaction fee like that, of course I and other users will not use bitcoin transactions frequently, A large fee would be disturbing
So I'm sure users will still use dollars or fiat to transact

There were 150-190 thousand unconfirmed transactions at different points in the last week as the spam attackers drive the transaction fees higher for everyone. (Last I checked it was around 80k now.) The problem is becoming larger and it threatens future adoption. People who aren't already involved in it won't like the uncertainty this scenario creates. I've been quite involved, and even I am tiring of it.

Well yeah and it can be a main reason for the prices to go down, because people facing the situation are not really happy with the problem of the late transaction as, it was a main reason for many who choose the Bitcoin over the traditional mode of payment. The BTC transaction was swift earlier but now it is getting difficult with the passage of time with the increase of the number of transactions. This problem can cause a serious damage to the future of the Bitcoin.

[Eternu]

Well to be honest about you question, i must say that there is really good possibility about bitcoin replacing dollar, or maybe many other currency. That is possible, but i think that it wont happen soon, and when i say soon i mean not in another maybe 10-20 years. Bitcoin is easy to use and there are more good sides of bitcoin. But we will see .

[batang_bitcoin]

Will not replace the dollar, because the dollar is held by many people in world. That's, More scattered and more reliable than bitcoin for now. However, bitcoin can be an alternative dollar for our financial activities, in future it may be much easier to use bitcoin.

I agree with you, the dollar will not be replaced by any currency. Including bitcoin, after all I myself prefer the bitcoin as an alternative to the dollar. That's better for me

Dollar is the main currency and preferred currency by most of the businesses and investors. And if bitcoins price is not valued by dollar I doubt  it that many are going to get into it. But because of  bitcoins unstable price and it is depending to dollars, it will not replace dollar but it will always be a good preference when trading.

Bitcoin can only become an additional virtual currency or a good tool for earning, but not replace the dollar. The dollar has existed too long and it is almost impossible to remove it.

Yes we can't remove dollar as the main currency of the US government and most of the countries are depending on their economy and it's the basis of most of the foreign exchange. We can just choose to have bitcoin if we want to have a better way of transacting online and wants to pay cheaper fee when sending money.

[CryptoRama]

No , Bitcoin can't replaced Dollar , but it can be an independent currency , in any case that will takes long time because there are a lot of challenges

I think Bitcoin replace it I think it is possible through time, maybe decades from now we'll use biticoin instead of the dollar. If that happens I know it is not impossible there will be a lot of changes in the future generations.

If they adjust the fees maybe, but even now you see the problem that there are too many people tradin with bitcoin, and if they don't do something about the fees you will proboly pay even 10$ for asap transaction on blockchain.

[Eternu]

No , Bitcoin can't replaced Dollar , but it can be an independent currency , in any case that will takes long time because there are a lot of challenges

I think Bitcoin replace it I think it is possible through time, maybe decades from now we'll use biticoin instead of the dollar. If that happens I know it is not impossible there will be a lot of changes in the future generations.

If they adjust the fees maybe, but even now you see the problem that there are too many people tradin with bitcoin, and if they don't do something about the fees you will proboly pay even 10$ for asap transaction on blockchain.

Yes that is truth, i had some problems yesterday, with some payment that i needed to be done fast. Fortunately friend told me about some site that can help with transactions and that made my paying a lot faster. It will not be long before people start paying with money for that. Bitcoin have long way to go before it could replace some strong currency like Dollar, but it is not impossible.

[kpcian]

I think, but it will be needed a lot of time and activities. Dollar has a huge popularity and acceptance which would be helpful for dollar to live a long time. On the other hand, Bitcoin is getting popular now a days but it should be more convenient platform to accept all over the world, if it'll happen then Bitcoin may be able to be accepted and credible for the mass people.

[reuschman]

wow...
if it will happen then I will be happy, but this is really really difficult to replace dollar by bitcoin. the dollar has already gained its platform and it has huge popularity. it is really acceptable, credible and available. so bitcoin should be gained all those types of characteristics then bitcoin will be the replacement of dollars.

[Gheka]

wow...
if it will happen then I will be happy, but this is really really difficult to replace dollar by bitcoin. the dollar has already gained its platform and it has huge popularity. it is really acceptable, credible and available. so bitcoin should be gained all those types of characteristics then bitcoin will be the replacement of dollars.

Yeah i think the problem Bitcoin replaced dollar is not possible, the dollar has existed and has a long history, it is the most popular currency in the world and no one can beat it. Bitcoin may be acceptable, available and reliable in the future but it is also not possible to replace bitcoin because the value of Bitcoin and inconvenience of Bitcoin transactions in real life. The value of bitcoin always change every hour it will be very difficult in the transaction and in addition if we buy something cheap and pay by bitcoin, we must use the card or login wallet bitcoin to pay, that is very inconvenient

[nethan1btc]

I don't think that dollar fiat currency could not be replaced wuth bitcoin because the price movement of bitcoin in the market is not so stable, yet the freedom that you can get from bitcoin compared to dollar is not that advantage if we compare it with btc. Dollar has the most investors for now and many country depended from it's economy of dollar price in the stock exchange market. If ever it happens dollar be replaced with bitcoin, I don't think business investors gladly adopt this kind of currency eventhough price is higher. Introducing this currency will take long process to educate those affected and might caused economic destabilization.

[boyptc]

I think now or a few years bitcoin can not yet replace the dollar position, there are still many people who do not know or understand bitcoin.

Could happen

But it takes a long time for the bitcoin focus to replace the dollar.!!!

It takes a long time and it will take a lot of debate on the congress and senate for this matter. Because we know that the officials will have a doubt when they will make bitcoin as the main currency. Well whatever it is I doubt that bitcoin will replace dollar or maybe the people will depend on this two currencies when transacting in the future.

[L00n3y]

The answer is yes, but the possibility if it will happen anytime soon is low. The dollar has been one of the most backup system by the global monetary system. According to some sources anyone that go to to to against the dollar reserve might need some freedom (like what happened in Seria). This will be a bloody war before that happens is if it will happen soon maybe then maybe the people behind dollar is plotting a plan against Bitcoin. It will but not now.

[frowsiter]

Few of them saying yes. But there is no valid reason of happening that miracle. Dollar to be replaced with bitcoin is like replacing the oldest form of currency and that too from billions of users. How can this change be accomplished with bitcoin when it doesn't have any physical presence. It is limited in number and may not be capable of performing those huge transactions which are made with dollar world wide. How much disturbed that would ever imagined!

[MMA]

I think, but it will be needed a lot of time and activities. Dollar has a huge popularity and acceptance which would be helpful for dollar to live a long time. On the other hand, Bitcoin is getting popular now a days but it should be more convenient platform to accept all over the world, if it'll happen then Bitcoin may be able to be accepted and credible for the mass people.

yes any thing can be possible in this world. bitcoin can replace Dollar too, but first bitcoin has to reach to the status of USD. as USD is one of the most popular currency of the world. and most of the people of the world are depending on USD for business and other important matter, while the users of bitcoin are still very low and they need a continuous struggle, so as to increase the number of bitcoin users, because it can only be possible when the users of bitcoin will increase more and more.

[ZzV1Finn]

I think, but it will be needed a lot of time and activities. Dollar has a huge popularity and acceptance which would be helpful for dollar to live a long time. On the other hand, Bitcoin is getting popular now a days but it should be more convenient platform to accept all over the world, if it'll happen then Bitcoin may be able to be accepted and credible for the mass people.

yes any thing can be possible in this world. bitcoin can replace Dollar too, but first bitcoin has to reach to the status of USD. as USD is one of the most popular currency of the world. and most of the people of the world are depending on USD for business and other important matter, while the users of bitcoin are still very low and they need a continuous struggle, so as to increase the number of bitcoin users, because it can only be possible when the users of bitcoin will increase more and more.

Bitcoin needs not only to increase the number of users, but also make it possible to perform transactions without the Internet.

[Salazarian]

Will not replace the dollar, because the dollar is held by many people in world. That's, More scattered and more reliable than bitcoin for now. However, bitcoin can be an alternative dollar for our financial activities, in future it may be much easier to use bitcoin.

I agree with you, the dollar will not be replaced by any currency. Including bitcoin, after all I myself prefer the bitcoin as an alternative to the dollar. That's better for me

Dollar is the main currency and preferred currency by most of the businesses and investors. And if bitcoins price is not valued by dollar I doubt  it that many are going to get into it. But because of  bitcoins unstable price and it is depending to dollars, it will not replace dollar but it will always be a good preference when trading.

Bitcoin can only become an additional virtual currency or a good tool for earning, but not replace the dollar. The dollar has existed too long and it is almost impossible to remove it.

Yes we can't remove dollar as the main currency of the US government and most of the countries are depending on their economy and it's the basis of most of the foreign exchange. We can just choose to have bitcoin if we want to have a better way of transacting online and wants to pay cheaper fee when sending money.

i do not think that we need to remove the dollar s the main currency of the US government, but the people have to take their decision.  if they will give up using USD and start giving more importance to bitcoin, then bitcoin will certainly overcome USD, and bitcoin will become more popular as compare to USD.

[Bagaji]

Well everyone is entitled to his or her opinion. For me am of the believe that bitcoin will simultaneously exist with other currency and not only Dollar.

[BCTBF]

I don't think that is realistic for know, because a lot of countries depends on dollars for their transaction. Anyway, many people prefer paper money instead of digital currency.