Topic: Bitcoin vs USD Storing Value (Read 11391 times)
There is no price dependence between a common currency and a cryptocurrency. That is, if the dollar loses its purchasing power, that is, is subject to inflation, this will in no way affect the price of Bitcoin. The dollar and other common currencies serve only as a measure of value for cryptocurrency. So easy to use. If there were no national currency, we would have to evaluate the cryptocurrency in our household goods that have material value for us.
You don't mean usdt here right?
as I understood, the guy meant dollars and Bitcoin: which of the currencies it is better to store. There is no correct answer to this question. If we guess than BTC rises greatly, pick crypto.
It seems to me that now you need to keep everything. Because the situation on the market is changing very quickly and you need to have time to restructure. In any case, for one thing is not worth grabbing.
I think in almost all the countries of the world if cryptocurrency begins to accept. If that means, Government recognizes, and when all people start using every day, cryptocurrency will be the world's most valuable currency. Then no country will be able to survive USD, KWD, EUR, BHD in front of cryptocurrency.
But I think Bitcoin is the best...
But I think Bitcoin is the best...
For storing value definitely bitcoin is better than fiat, its anonymous and not affected by inflation and got the big potential to be very valuable in the future, the market for fiat and crypto is different, crypto wont affecting fiat price at all, at one point people are tired depending on fiat where the store value keep on dropping every time, a smart people will look for alternative to store their wealth and crypto could be the answer
but the only downside is that bitcoin is online and being online means we are prone to hacks .
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crypto wont affecting fiat price at all
huh ? i think it is . because people buys thier btc using fiats so fiats will decline while btc will up .
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at one point people are tired depending on fiat where the store value keep on dropping every time
huh ? i think you miss write this one . fiats are not volatile but bitcoin is , so bitcoin is the one that fluctuates . fiat value decrease but not too much .
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a smart people will look for alternative to store their wealth and crypto could be the answer
not really . most people are think will still prefer banks over cryptos when storing or securing thier cash .
For storing value definitely bitcoin is better than fiat, its anonymous and not affected by inflation and got the big potential to be very valuable in the future, the market for fiat and crypto is different, crypto wont affecting fiat price at all, at one point people are tired depending on fiat where the store value keep on dropping every time, a smart people will look for alternative to store their wealth and crypto could be the answer
A smart investor would hold both, they both fluctuate in value.
Bitcoin has limits and in the future it can become scarce, in that scarcity will be able to make the value of bitcoin increase, and holding bitcoin will be more able to generate large profits than holding USD.
well its pretty obvious that bitcoin should beat USD in every possible scenario
( apart from the global force majeur ones , like internet collapse , war , quantum computing etc.)
bitcoin has a deflationary mechanism inbuilt and every single bitcoin becomes more and more valuable with time , while USD is nothing but a print-at-will paper
backed by nothing , operated by central banks and with an average of 1-2% inflation per year - officially
besides it seems like the debt is reaching the unsustainable levels so this situation has to be resolved very soon in this way or another
( apart from the global force majeur ones , like internet collapse , war , quantum computing etc.)
bitcoin has a deflationary mechanism inbuilt and every single bitcoin becomes more and more valuable with time , while USD is nothing but a print-at-will paper
backed by nothing , operated by central banks and with an average of 1-2% inflation per year - officially
besides it seems like the debt is reaching the unsustainable levels so this situation has to be resolved very soon in this way or another
I do not think we can rely on the previous year graphs anymore because after cryptocurrency appeared into the internet more and more people got awarded about the economical balances. and this is the major difference between 2008 and 2009. people finally realized what to improve and what exactly is the problem. everyone started to grow now.
No, I don't think bitcoin or any other crypto-currency effecting on USD value. Yes USD could print whenever they want but its value depend on world economy. Bitcoin become a part of world economy but I don't think its disturbing to USD or any other real currency. Bitcoin just bring freedom on financial ecosystem. Limited supply one of the most important reason why bitcoin be a part of financial revolution.
Very well said, for having a limited supply of Bitcoin is one of the most important. We really can consider the world economy why the value of USD is dropping, not also USD but there are still some national currency is dropping or increasing. 
that is true but not a fair comparison either. because bitcoin is new and is growing so it is supposed to rise like this. but USD is old and it should be stable and it is apart from the fact that since it doesn't have any "cap" it also has inflation so its value goes down.
in comparison bitcoin has a cap so it has deflation and should go up. and if you want to compare you have to compare bitcoin after its mass adoption with USD. and that would happen at least after another 10 years.
in comparison bitcoin has a cap so it has deflation and should go up. and if you want to compare you have to compare bitcoin after its mass adoption with USD. and that would happen at least after another 10 years.
Spot the difference.
As you can see, the supply is limited for Bitcoin, but for the USD, they can print anytime and look at the purchasing power of USD, it's dropping.
Deflation vs inflationAs you can see, the supply is limited for Bitcoin, but for the USD, they can print anytime and look at the purchasing power of USD, it's dropping.
Do you agree that one of the reasons why USD value is dropping is also because of cryptocurrency?
I don't think so, it's far from being related on why USD's value is dropping if the main is because of cryptocurrency. Bitcoin is more of an ideal store of value than USD that goes through inflation.You don't mean usdt here right?
Yes he isn't talking about Tether but the United States Dollar.
The USD value is dropping because of the following:
1. It's not backed by anything. It was previously backed by gold and silver.
2. Government can print it to eternity and devaluate the currency.
Bitcoin on the other hand:
1. Is also not backed by anything also. What is backing it is the processing power of the miners.
2. It's deflationary and minting of new bitcoins are fixed.
Basically, the USD is not a good store of value.
Bitcoin, in it's 10 years of existence, proved to be a better store of value than USD.
1. It's not backed by anything. It was previously backed by gold and silver.
2. Government can print it to eternity and devaluate the currency.
Bitcoin on the other hand:
1. Is also not backed by anything also. What is backing it is the processing power of the miners.
2. It's deflationary and minting of new bitcoins are fixed.
Basically, the USD is not a good store of value.
Bitcoin, in it's 10 years of existence, proved to be a better store of value than USD.
You don't mean usdt here right?
Usd value will keep falling although bitcoin is not exist. It is because the fiat money system is not good. The government can print money regardless the amount of gold that the government have. So it is better for us to use gold or silver as storing value. And we can use bitcoin as an investment. The volatility of bitcoin is still too extreeme.
Yes, you are correct, bitcoin and it's value has no effect on the US dollar purchasing power. It is simply following the trend of inflation and our CPI rates. As there is a limited number of BTC, inflation rates do not apply.
However, one thing I must point out @Nunoluck...
while the US has the ability to continuously print US Dollars, we abandoned the gold standard back under Nixon in 1971. It is NOT better for us to use gold or silver as storing value.
As a complete aside to all of this as well.
Gold and Silver (precious metals) has been one of the worst asset classes to date, you'd make much better returns if you were to invest in Real Estate, Stocks, Etc. I never understand why people think that 'if the world ends, we're going back to gold.
No. If the world ends (zombies and shit) then we're going to be using bullets, guns, and food.
Usd value will keep falling although bitcoin is not exist. It is because the fiat money system is not good. The government can print money regardless the amount of gold that the government have. So it is better for us to use gold or silver as storing value. And we can use bitcoin as an investment. The volatility of bitcoin is still too extreeme.
Yes, you are correct, bitcoin and it's value has no effect on the US dollar purchasing power. It is simply following the trend of inflation and our CPI rates. As there is a limited number of BTC, inflation rates do not apply.
However, one thing I must point out @Nunoluck...
while the US has the ability to continuously print US Dollars, we abandoned the gold standard back under Nixon in 1971. It is NOT better for us to use gold or silver as storing value.
Do you agree that one of the reasons why USD value is dropping is also because of cryptocurrency?
No, I don't think bitcoin or any other crypto-currency effecting on USD value. Yes USD could print whenever they want but its value depend on world economy. Bitcoin become a part of world economy but I don't think its disturbing to USD or any other real currency. Bitcoin just bring freedom on financial ecosystem. Limited supply one of the most important reason why bitcoin be a part of financial revolution. 
Nowadays, people are starting to realize the true "value" of cryptocurrency over fiat. The limited supply of cryptocurrencies makes it invulnerable to inflation and more people are switching to cryptocurrencies. And of course fiat is so much vulnerable to inflation, the government keeps printing paper money, killing its value and not achieving balance in the economy.
Some more years and the whole world will switch to using cryptocurrencies.
Some more years and the whole world will switch to using cryptocurrencies.
I don't think there is no so much people in the world which thinking real value on cryptocurrencies. Because people still looks investment for cryptocurrencies. Firstly, we should use it payment method globally. When its done we can talk about real value rather than FIAT money.
And yes I agree, we may forget what is inflation in future. Because, technically, there is now way inflation with Bitcoin.
A small percent of the population uses cryptocurrencies. Even in the USA, where a LOT of fellows have or going to buy cryptocurrencies this % is less than 10%. Suppose, in future, more people will believe in BTC.
Nowadays, people are starting to realize the true "value" of cryptocurrency over fiat. The limited supply of cryptocurrencies makes it invulnerable to inflation and more people are switching to cryptocurrencies. And of course fiat is so much vulnerable to inflation, the government keeps printing paper money, killing its value and not achieving balance in the economy.
Some more years and the whole world will switch to using cryptocurrencies.
Some more years and the whole world will switch to using cryptocurrencies.
I don't think there is no so much people in the world which thinking real value on cryptocurrencies. Because people still looks investment for cryptocurrencies. Firstly, we should use it payment method globally. When its done we can talk about real value rather than FIAT money.
And yes I agree, we may forget what is inflation in future. Because, technically, there is now way inflation with Bitcoin.
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