UPDATE

[funkenstein]

The dollar is a good currency and you can see that the bitcoin is getting more popular everyday.
Although the dollar is still much bigger and more popular, its also getting more digital so I think the bitcoin will never win from the dollar.

The dollar is still much bigger? Seriously, there is no comparison when it comes to the market cap of both currencies and usage.

Bitcoin is not even a tiny dot if you place it into perspective.

While it's true that the market cap of the dollar is bigger, it's also true that the market cap of the dollar is unknown and cannot ever be known.  That' s what private issuance means, that's what fiat is : nobody ever could know with any precision how much there is.  If you think you can put a number on the market cap of "dollars" with an error bar of less than 200%, I'd be very curious to know your methodology. 

[JessicaSe]

Each currency has its own value. I believe dollar to be the strongest of all time compared to bitcoin. Bitcoin is a digital currency and it becomes the strongest when bitcoin gets direct access than getting calculated in accordance to dollars.

Dollar is the best when it comes to physical  currency, and bitcoin is the best as digital currency, and if we have opportunity to use both then why to choose only one 

[dsyahputera]

- snip -

Even bitcoin will be powerful in future but it can never take the place of dollar, and bitcoin will always be used as an secondary currency, the first choice would be only dollar.

I do not think so. I just think about the reciprocal of what you are saying. Bitcoin is going to be the primary mode of payment for all the people and dollars may sustain as a secondary currency in some part of the world.

You are right. When many people are using bitcoin there is no need of any secondary currency in my view also. So only very less amount of people who not aware of bitcoin will be then using still dollars at the time.
But time will make them into bitcoin adopters slowly.

But, if Bitcoin adopt too slowly, it will dissappear as no more new people who know Bitcoin and nobody else investing their dollars for Bitcoin mining. So the Bitcoin growth should be faster.

[Corenin]

- snip -

Even bitcoin will be powerful in future but it can never take the place of dollar, and bitcoin will always be used as an secondary currency, the first choice would be only dollar.

I do not think so. I just think about the reciprocal of what you are saying. Bitcoin is going to be the primary mode of payment for all the people and dollars may sustain as a secondary currency in some part of the world.

You are right. When many people are using bitcoin there is no need of any secondary currency in my view also. So only very less amount of people who not aware of bitcoin will be then using still dollars at the time.
But time will make them into bitcoin adopters slowly.

But, if Bitcoin adopt too slowly, it will dissappear as no more new people who know Bitcoin and nobody else investing their dollars for Bitcoin mining. So the Bitcoin growth should be faster.

No doubt adoption is slower at this stage but it will improve in future as many more people will get aware about it but dollar will always hold more number of users.

[quintiilieo]

Dollars is dollars you cannot compare both items because dollars use any where in the world for about 80% of people in earth uses dollars. and few people uses bitcoin now a days almost 5% of people on earth have bitcoins. years by years it will grow but still dollars is the primary currency and bitcoin will not evade i think. 

[chaser15]

Dollars is dollars you cannot compare both items because dollars use any where in the world for about 80% of people in earth uses dollars. and few people uses bitcoin now a days almost 5% of people on earth have bitcoins. years by years it will grow but still dollars is the primary currency and bitcoin will not evade i think. 

And USD value gives worth to bitcoin also the same in every country.

Only USD exchanges are available directly to Bitcoin currency so the bottom line, the bitcoin value in your country will be based on the current exchange rate of your currency to USD.

[mindrust]

If you want bitcoin to take over US Dollars, then you'll need to destroy USA. There is not another way.

As long as USA rules the world, $$$ will stay as the king of currencies.

You can tell USA will lose power, China will become more powerful, Russia is dangerously growing and becoming a threat, Bitcoin will gain value etc etc. In the end, it is USD "the one"

[Kevin77]

If you want bitcoin to take over US Dollars, then you'll need to destroy USA. There is not another way.

As long as USA rules the world, $$$ will stay as the king of currencies.

You can tell USA will lose power, China will become more powerful, Russia is dangerously growing and becoming a threat, Bitcoin will gain value etc etc. In the end, it is USD "the one"

Bitcoin never need to replace dollars.
Here what most of the people are expecting : dominating in the financial world as most preferably used and also highly used in terms of percentage of volume.

Because, it is not that much easier to replace a currency with is existing for hundreds of years.

[avw1982]

Dollars is dollars you cannot compare both items because dollars use any where in the world for about 80% of people in earth uses dollars. and few people uses bitcoin now a days almost 5% of people on earth have bitcoins. years by years it will grow but still dollars is the primary currency and bitcoin will not evade i think. 

Bitcoin is better than Dollar bro! It has got a very high demand in this time due to its benefits and transactions. people are trading in bitcoins mostly rather then trading in to Dollar. Dollar rate and bitcoin rate has very vast difference between them. So price is rising in bitcoins very fast then Dollar and I suggest bitcoins users and their relative should invest in bitcoins to get better price in future.

[RocketSingh]

So guys, in a world where the 10% of total transaction are with BTC, what is the advantages for a normal family? What this kind of money can solve? In particular, if some rich don't spend BTC to increase the value and less BTC are spent, how can deflating happen?

Particular, which CONCRETE advantages can the people get from BTC?

Thank you.

I think, in the long run, BTC & USD will co-exist and both will serve different purposed. For now, if a family does not have investable surplus, then BTC is not for them.

[PacePay]

to me the concrete value is in the fact that it is not easily tracked or taxed by any country.

Yeah, and it is the feature because of which people love bitcoin rather than any other currency, there are a lot of people who hardly earn their money and a big amount of it is paid in fees and tax etc.

[iv4n]

So guys, in a world where the 10% of total transaction are with BTC, what is the advantages for a normal family? What this kind of money can solve? In particular, if some rich don't spend BTC to increase the value and less BTC are spent, how can deflating happen?

Particular, which CONCRETE advantages can the people get from BTC?

Thank you.

I think there is pretty simple answer on this question, people can have a bit more freedom of choice with btc. I don't wish to go too far in my imagination, but lets say for example that bitcoin became mainstream. In that moment we can compare btc and dollar. Now its too foolish to do it, cause just take a look in years of existence. Dollar is hear for years and years, bitcoin is just a little baby for dollar.

Advantages for people outside US and EU are awesome. Now I can buy things and gamble with bitcoins easily. Easy payments, depositing, witdrawing.. Before it was hard with banks, and sites that doesn't accept all countries.

Future will tell will people realize how much btc have to offer to the world.

[chaser15]

I think, in the long run, BTC & USD will co-exist and both will serve different purposed. For now, if a family does not have investable surplus, then BTC is not for them.

Agree. And it's reasonable to have them both existing rather than only one will prevail.

Bitcoin can't be used by everyone even we have to count for decades. Every people has different financial system in their country. So it's really a big help if both of these currencies both exist.

[upsidedown75]

I think, in the long run, BTC & USD will co-exist and both will serve different purposed. For now, if a family does not have investable surplus, then BTC is not for them.

Agree. And it's reasonable to have them both existing rather than only one will prevail.

Bitcoin can't be used by everyone even we have to count for decades. Every people has different financial system in their country. So it's really a big help if both of these currencies both exist.

Yes, paper currency still part of many people's life. In many under developing countries' villages yet to have internet connections and mobile towers. But we can expect bitcoin to outnumber the number of users will use for their daily needs to dollar users.

[sishendaoye]

I think, in the long run, BTC & USD will co-exist and both will serve different purposed. For now, if a family does not have investable surplus, then BTC is not for them.

Agree. And it's reasonable to have them both existing rather than only one will prevail.

Bitcoin can't be used by everyone even we have to count for decades. Every people has different financial system in their country. So it's really a big help if both of these currencies both exist.

Yes, paper currency still part of many people's life. In many under developing countries' villages yet to have internet connections and mobile towers. But we can expect bitcoin to outnumber the number of users will use for their daily needs to dollar users.

Correct and paper money will not just disappear. It's about potential when it comes to bitcoin, not the potential to compete with but the potential to adjust fiat where fiat has some errors.

[Crazygreek]

Dollar is much trusted and stronger than bitcoin, also dollar is secured by goverment, bitcoin is so young currency and not protected by someone..

[bladeandsoulguide]

goverment will not allow this happen

[n3o111]

There are simply a lot more US dollars out there than Bitcoins. Even at the peak of the most recent bubble, the total value of Bitcoins was less than $3 billion. Whereas the US dollar supply is nearly $10 trillion. If someone wanted to exchange some Euros for $1 million, the financial markets wouldn't notice a thing. If someone tried to buy a $1 million worth of Bitcoins, it would cause a noticeable spike in the price. A small number of speculators can drive large changes in the value of Bitcoins.

Another stabilizing factor for the US dollar is that people, businesses, and governments need dollars for everyday transactions. This leaves a relatively small percentage of dollars available for speculators to trade. Bitcoin doesn't yet have this same level of stable demand, so is at greater risks for speculative bubbles since such a large share of Bitcoins could be acquired by speculators.

[StoreBit]

dollar is so promanant and stable in present time. but in future it is expecting that bitcoin will take the place of dollar.

[richardsNY]

dollar is so promanant and stable in present time. but in future it is expecting that bitcoin will take the place of dollar.

Not sure where you got that information from but it will never happen. Please explain me why the us government will allow that to happen? Right now they control their economy with iron fist. With Bitcoin they can't do that.