Can Bitcoin overtakes USD dollar?

[D-law]

Yes, there is a possibility. Just as the Internet is taking over as the main news and music channel from traditional TV and radio, so too will bitcoin overtake fiat or the dollar in a long process as it is still too early and no one will know what the future holds. But the signs are already starting to show.
nothing is impossible in the advancement of technology or anything in the 20 years and above can happen, or it could be the other way around. Just enjoy the journey while we can still enjoy it and live it while we are still around, and even if it happens or not, we don't know if we are still around.

But then, despite the internet and how effective and efficient it has been people still use Radio station for information transfer right ?
I have nothing wrong vwith your response here, but people mostly Americans will still use their Fiat for some time, most people are still not educated enough about Bitcoin, I suggest more advocay should be carried out, people are ignorant about it.
Beautiful to see how countries are gradually accepting bitcoin and other Crypto Currencies.
I'm sure Bitcoin will solve most of their problems, that's when they'll become realistic about the merits of bitcoin.

[Tellek Garing]

What you should note when comparing centralized currency and decentralized currency is that the US dollar has no total supply so it can easily get minted at interval and when the need arises, and this is the root cause of inflation but Bitcoin on the other hand have a calculating supply of 21 million Bitcoin.

Also, another point to note is its values and class of operation, bitcoin can best be compared to other assets such as gold and the rest of the other assets, not The dollar if you try to do so you may get confused cause there's are several criteria you must follow to achieve such juxtaposition.

[jhonjhon]

Let me know your opinion you think USD will overtake eventually the USD dollar?  
I don't think it rational if you have more opinion explain why it an take?

Of course not. Bitcoin cannot overtake US dollar because it is decentralized digital currency.No one has control it. And it doesnt have any physical entity. Whereas the US dollar, it has controlled by the bank and it is centralized currency.Aside from that bitcoin can only be use as a store of value,or as a digital asset. While dollars are use for day to day transactions.

There's no need to replace dollar. Because both of them  are important (btc and dollar).

[JohnBitCo]

Let me know your opinion you think USD will overtake eventually the USD dollar? 
I don't think it rational if you have more opinion explain why it an take?

No, bitcoin cannot overtake USD dollar because bitcoin is a decentralized currency created by Satoshi to help the world to eliminate errors and delay from users transaction. USD dollar is a centralized currency  owned and manage by the government.

The reason why decentralized currency cannot overtake centralized currency because bitcoin is a digital currency that has to be carry out through internet before it can be successful in transaction. Bitcoin is unpredictable to in the world which no body know when it will pump in the community and when it will dump in the community for people to buy and hold for future profit making. Bitcoin is not remote by any government like the way USD dollar be remote by their government for international investors to feel the impact of fiat money in their businesses.

Don't you think that the volatility of bitcoin will decrease when everyone will adopt bitcoin and at that point, only a few whales cannot manipulate the market?

Government right now opposes bitcoin but when they will see everyone interested in digital currency, they have no choice but to accept it.

The future is of the bitcoin, that's what i can predict.

[jamkesmas]

I don't think bitcoin will overtake the USD dollar. And the central government will not let the USD dollar be overtaken by bitcoin, because this will destroy their dollar currency that they have been fighting for in the past. Maybe In our daily life bitcoin will become a means of payment that will be used by people. but in case my government won't be able to, the dollar will still be mighty.

[jossiel]

Let me know your opinion you think USD will overtake eventually the USD dollar? 
I don't think it rational if you have more opinion explain why it an take?

Overtaking in terms of being an asset? If that's the case, dollar for some reasons is like the universal fiat of most countries and there really are those people that have kept their wealth in dollar and not into their local money.

Which means, in my belief that it's already the best asset that anyone can take and it's heading to that point that everyone will look up into it as an asset that they can hold and will make them choice bitcoin over dollar.

[Viscore]

Let me know your opinion you think USD will overtake eventually the USD dollar?  
I don't think it rational if you have more opinion explain why it an take?

No.It is not going to happen.Bitcoin cannot overtakes dollars because it is a decentralized digital currency,which means nobody owns and control it. Unlike dollars, it is centralized currency which  controlled by the government and the bank.Bitcoin is too volatile to used as a traditional currency and its a liilttle bit risky.. You can not assure that it will last forever.
 Its better to let the dollars take care of the traditional sense of what currency is and let bitcoin become something different.Thats it. No one will be replace..

[pooya87]

Bitcoin, as the only decentralized money, is not going to overtake centralized money aka fiat of any kind. It will eventually reach mass adoption and some day it is possible that everywhere you go you could pay with bitcoin but fiat will continue to exist and dominate the payment world simply because we are living in a centralized world with a centralized government that is not going to change any time soon because there is no alternative.

That's a paradox to be honest, if bitcoin reaches global adoption then that only means that either fiat isn't as trustworthy to use anymore so they resort to using that as a means of payment, I think that there's little to no compromise between the two unless the government makes a way to have bitcoin coexist with bitcoin which I doubt is not going to happen.

Accepting a new payment method or a new currency does not necessarily mean the first payment method was not trustworthy. For example when Microsoft started accepting bitcoin that didn't mean they stopped trusting fiat! It just meant that there was demand to pay with bitcoin so they started accepting it.

There is also benefits for tourism, for example if your local shops accept both bitcoin and your local currency, any foreigner (a tourist) coming to your country can pay with bitcoin without having to go through the hassle of currency conversion. Again that doesn't mean local currency (fiat) is not trustworthy.