Public Opinions on Bitcoin and Its Future Viability

Bitcoin enthusiasts believe it may eventually replace the dollar, despite skepticism from others.

### Perspectives on Bitcoin: Opinions and Market Insights
* 💭 Many individuals express skepticism about Bitcoin's potential to replace the US dollar, emphasizing that "**there's nothing backing it up**" and highlighting the stability of fiat currency.
* 📈 Bitcoin's price volatility raises concerns, with one commentator noting that "**if you try to use it as a currency, you're going to have to fix a price at a fixed time**" for transactions.
* 🤑 Some people feel a sense of **FOMO (fear of missing out)** regarding Bitcoin's recent price increases, with one person stating, "**Oh, for sure**" when asked if it will continue to rise.
* 🎧 The video also features a sponsorship from Raycon, promoting their earbuds that boast features like **active noise cancellation** and a **32-hour battery life**, alongside a special **Black Friday deal**.
* 💼 While some participants have dabbled in Bitcoin, others prefer traditional investments, with one stating they own **stock related to Bitcoin** but won't invest directly due to **high prices**.
* 🌍 Environmental concerns are raised, as mining Bitcoin requires **significant computational power and electricity**, leading some to view it **unfavorably**.
* 🤔 Overall, opinions vary widely, with some expressing **interest in investing in Bitcoin in the future**, while others remain **cautious or uninterested**, preferring **tangible assets**.
* 💬 Ultimately, many agree that Bitcoin is likely "**here to stay**," but the timing and method of investment remain hot topics of discussion.

I've bought some before, I lost a lot of money. You think it'll keep going up over the next few months? Oh, for sure. I'm not buying in right now, I'll tell you that. How come? Do you think it'll ever replace the dollar? No, absolutely not, because

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the video. What do you think about Bitcoin? But Bitcoin is awesome. Do you have any amazing? No, do you do you think you think you'll buy any Bitcoin in the future? Maybe she doesn't know what Bitcoin is. Okay, thank you. What do you think of Bitcoin? Well, I think it's a commodity,

it's another tradable asset, just like pork bellies or anything like that. But uh, as far as using a currency, I think it's got a long way to go before it gets there. Do you do you think it'll ever replace the dollar? No, absolutely

not because because there's nothing backing it up. The only thing that backs up the US dollar is the US government, so they call it fiat currency and all that stuff, but it's still real because the government can print money. Supposedly, there's only 21 million Bitcoins out

there, and you're not going to have anymore, but the price goes up and down so much. If you actually try to use it as a currency, you're going to have have to fix a price at a fixed time to be able to do a transaction. Then you got a

barter transaction. You got IRS issues. You got all kinds of stuff to have to fill that out. But no, it'll never replace a US dollar. So treat it like gold, treat it exactly like gold. And you're never going to own any Bitcoin? Nope, I own some.

stock that messes in Bitcoin because I just wanted to to have a little touch to it but no I'm not going to buy Bitcoin not for 90 something thousand and it may be a stupid decision because it may be a million in two years I have no idea

what what's your number one stock pick if if you could choose one uh Cullen Frost Bank shares in San Antonio awesome all right thank you okay I don't know very much about it other than the prices are through the roof right and years ago I

do remember one of the prognosticators of the stock market said you're a real dummy if you buy the thing Jim something or another yeah yeah yeah yeah Kramer Kramer that's the guy yeah I remember that right and uh sometimes I lament that I didn't buy some and then

sometimes I say boy I'm glad I didn't buy some you think it'll replace the dollar in the future personally I hope not I really believe that the American dollar and cash is King I really think that we as a nation should stay away

from digital currencies completely what do you guys think of Bitcoin I don't know anything about it oh no I don't know anything about it do you know anyone that's into it no no all right cool that's yeah thank you I don't have

an opinion I know they're like virtual currencies they're connected to prime numbers they're very hard to mine that's all I know and you need a lot of computational power to find new Bitcoins yeah they're kind of bad for the environment whatever um yeah I mean

cuz you need a lot of power and electricity for that I guess so they're bad for the environment as a con. Like, do you think you'll ever buy Bitcoin in the future? I might consider that, but not in the near future, I would say. Is that is

that marijuana? No, no, no. It's a it's it's just Italian tobacco. Okay. You're from Italy? Yeah. Cool. On what do you think of Bitcoin? I think it's cool. I wish I knew more about it. I don't know too much about it. All right, so you haven't

bought any yet? I've bought some before, and uh I lost a lot of money. Really lost like or to me, I lost like 50 or 100 bucks. Okay. And I was like, oh [ __ ] so I just sold it. I gave up pretty quickly. Um

what made you buy it in the first place? All my friends were getting into it kind of, and uh I thought I would try to follow suit, but yeah, didn't work out too well for me. Did you sell it cuz uh it was going down or just because you needed

the money? Kind of a little bit of both. I mean, it was going down, and I was like, I might as well just cut my losses and try to get some of my money back, you know. Yeah. Um, do you think it'll replace the dollar in the future? That'd be pretty

cool. I think so. Evan, what do you think about Bitcoin? I've uh I've heard it's on the come up recently. It's uh not something I've ever bought, but crypto seems very interesting to me. All right, so you might buy it in the future? Oh

Yeah, yeah. Once I got more money, do you think it might replace the dollar in the future? I can see that happening. Uh, so how come you haven't bought any thus far? I'm too young. I'm 20 and I'm not financially independent

enough, but you know, maybe a few years down the road, you know, start investing in crypto. You think it'll keep going up over the next few months? Oh, for sure. Say what? What are we doing? Want to see it? You want to be on our video? Qui-

I Bitcoin, You Know It. Uh, it's made a big move here recently. Yeah, Donald Trump, you guys have any FOMO about it? FOMO? Hell yeah, absolutely. I'm not buying in right now, I'll tell you that. How come? Well, you know, there's a lot of reasons. 100K one

Bitcoin, one house. I mean, it's kind of equivalent. Yeah, in Detroit, you can buy a house for 100 grand. Okay, so uh, do you think it'll replace the dollar in the future? I mean, don't quote me on it, but uh, some sort of uh, cryptocurrency

probably will turn over the world. Maybe Ripple XRP, shout out. Uh, oh, do you own those? A little bit. Oh, let's think about this. Okay, 8 Cardano. Hey, the black market's worth billions of dollars each year, right? Okay, Bitcoin's untrackable, makes sense to own Bitcoin.

Right, so you own some? No? Okay, why? Why not? Didn't buy in early enough? So you, you might buy some when it goes down? No, no, no. I, I buy solid assets, man. Okay, that's fair. What do you think of Bitcoin? Bitcoin? Oh, it's pretty cool. Oh.

It's pretty cool. Do you have any? No, I don't. I have... I haven't been in a financial situation to be able to do that right. Do you... Do you when you get money are you going to buy some Bitcoin? I might, yeah. You feel like it'll replace

the dollar maybe? What's wrong with Bitcoin? It's cryptocurrency, it's uh, it's great, but I'm not doing it. I'm sorry, I don't... It's cuz I'm a no-coiner, you know? I like physical assets, things I can touch. Hell yeah! No, these are the opinions we

want. Yeah, well how come? What's wrong... what's wrong with crypto? There's several different markets to invest in. Some people love crypto, that's fine, just like some people love starting a business, some people love owning property. There's advantages and disadvantages to both if

you want crypto, that's fine. I'm not against it. I think it's going to take over. It's not going anywhere. There's a lot of fake coins, you know? Like there's the... going to be the Taylor Swift coin and then the, you know, Johnny Walker coin.

So it's just for me, you know? Well, yeah, I agree, those are kind of scammy, but you don't feel like Bitcoin will ever replace the dollar eventually? Yeah, I think a social... Yeah, for sure. Why not? Why? Because digital currency that cash... making cash is just a problem, right?

The paper, the prop process. So... so why don't you buy some Bitcoin? Aren't you scared of missing out a little bit? Cuz I got my own thing going, brother. Yeah, my kids are going to hate me, but they'll love me for the other work I do. You're like, 'Oh, well, Dad...

bought a bunch of apartments we don't have much Bitcoin but we got this going on all right all right I appreciate it thank you thank you so much for watching and subscribing uh please like the video blah blah blah um I think Bitcoin's here

to stay I think um big things are happening I don't know I can feel it what do you think I think uh I probably won't buy any until it goes back down like under 70 at least but I don't know um and yeah it's there's a lot of

variables it's hard to tell of course yeah I have no idea

People on Bitcoin

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Initial discussion about Bitcoin and its potential

Concerns about previous Bitcoin investments and potential future price increase are discussed.

A poll is conducted to gauge public opinion on Bitcoin.

Highlights the features of Raycon earbuds, such as active noise cancellation and long battery life.

A 30-day happiness guarantee and details about the case covers are mentioned.

Black Friday Cyber Monday deals and website information are provided.

One person views Bitcoin as a commodity, similar to other tradable assets.

The belief that Bitcoin will not replace the US dollar due to lack of government backing is expressed.

Discussion on the challenges of using Bitcoin as currency and its volatility.

One person shares their experience of losing money on Bitcoin.

Discussion on whether Bitcoin will replace the dollar.

Another person expresses interest in Bitcoin but hasn't invested yet due to age and financial situation.

Discussion about Bitcoin's recent price increase and the fear of missing out (FOMO).

Opinions on whether cryptocurrency will eventually replace traditional currencies.

Varying perspectives on Bitcoin investment

One person expresses interest in Bitcoin but hasn't invested due to financial constraints.

Discussion about the potential of Bitcoin replacing the dollar.

A person explains their preference for physical assets over cryptocurrencies.

Discussion on the advantages and disadvantages of crypto investments and the existence of scam coins.

A person prioritizes other investments over Bitcoin.

Belief that Bitcoin is here to stay and anticipation of big things happening.

One person's plan to buy Bitcoin when the price drops and acknowledges the market's uncertainty.