Topic: BTC vs USD - Which one is better? - page 10. (Read 13741 times)
I think USD is nothing compared to a virtual currency such as Bitcoin, for example, if you got $10,000 and just keep it in a safe for 20 years I bet it will not grow and even if you put in banks take and give you small payments but Bitcoin on the other hand if you invest 10000 dollars today and wait for 20 years then after course you will get maybe double or triple of your money because of the mining system.
These guys have some interesting stuff going on here https://cryptotradernews.com/cryptocurrency/bitcoin-vs-usd-for-storing-value-purposes/
Today, I would personally pick USD as it can be used world wide and for a variety of purposes. However, if BTC were to stop being JUST a speculative asset I would contemplate making the switch. I like being in control of my cash without having to depend on some greedy bank!
Thoughts?
Today, I would personally pick USD as it can be used world wide and for a variety of purposes. However, if BTC were to stop being JUST a speculative asset I would contemplate making the switch. I like being in control of my cash without having to depend on some greedy bank!
Thoughts?
I think bitcoin will become stabilized in the near future. Government and countries will surely make and agreement and regulations that will make it not spike and plummet too much like it used to be like now when we trade it. It should be $1M per BTC for sure and that is how I see all this revolution of us going to end successfully.
If you have to use it daily for all of your transaction to make a living - currently USD is still needed. It's also easier for the most people to handle it. You can use it just in your ledger or online and your bank does all the securities for you. So for now, USD is "better" for daily usage. But i'm sure it will change in the near future, BTC will be easier to handle for the mass 
Choosing between Bitcoin and US Dollars depends on the investor but as a crypto enthusiasts i would like to hold 60% of my funds in BTC and the rest in US dollars. I believe in bitcoin to rise to another all time high again but in case this ambitious move of mine does not come true then i would compensate myself with the 40% stored in USD. It's just playing safe
The problem with USD is that the $20 trillion federal debt is hanging above its head like the sword of Damocles. The debt has grown to 100% of the GDP, and at some point of time, there is going to be a collapse. And once that happens, the purchasing power of USD will go down drastically. No such risk for Bitcoin, as it is a decentralized asset free from central bank interference.
Usd is a real fiat that backed by a country. The price are stable but will not increace much higher than bitcoin of course. Bitcoin is a better choice to make an investment as the limit for it grow are still available.
it's true that USD money has been used for a long time and can be used everywhere and accepts all payments easily, so I agree that BTC as an investment with fantastic increases and decreases
Usd is a real fiat that backed by a country. The price are stable but will not increace much higher than bitcoin of course. Bitcoin is a better choice to make an investment as the limit for it grow are still available.
For long term btc is better because it increase its value as time passes. But when we talk about their usage, usd is better for now because not really all of the business or establishments have the capability to adopt bitcoin or cryptocurrency.
i think now industry revolutions 4.0. So, many platform will need new technology and blockchain is perfect technology with decentralization system. I sure, for future banking will use blockchain tech because decentralization will make easer many people. i see many project financial use blockchain. So, i think bitcoin have great technology better USD system
Bitcoin is used in different ways by different people who do not want to rely on some banks out there. It gives us full freedom in controlling our money and assets but as of now, it cannot be used for the everyday transaction, unlike USD. Usd can be used worldwide, big companies even small ones know it and accept it, unlike BTC. There are both pros and cons for each currency that cannot be compared with one another.
Of course. I choose Bitcoin. USD volatility is very slow and very easily influenced by internal factors such as geopolotics.
but BTC has fast and high volatility. safe and also believed to be an asset to save value and to store from the global crisis.
Today's BTC problem is adoption. when the world has accepted BTCas a legal transaction tool. then BTC will create an uptrend.
but BTC has fast and high volatility. safe and also believed to be an asset to save value and to store from the global crisis.
Today's BTC problem is adoption. when the world has accepted BTCas a legal transaction tool. then BTC will create an uptrend.
I love btc always and i think it will better than cash.You just follow your way to make cash your asset .But what you will do and what will be better than crypto is?? I just try to earn btc or hold my asset and you use it as cash when i need to do that only otherwise i will love and need to earn btc and go through .I think the world moving fast to depend on digital currency.So that it will better to earn crypto not to cash your whole asset to lose your capital early.
You can invest in Bitcoin and make profit more than you invest in and make profit on USD. The risk of using Bitcoin is that there are rises and falls on Bitcoin price. This effects the money you invest in and there is a possibility that you can lose all your money.
If you compare bitcoin with USD, then first to understand what you need, and if you want investment then bitcoin is better.
You got a point here . some people will answer based on what they trully need but some will answer based on what is really useful . for me i think both are too useful . i need usd for local purchases or for local use rather but i also need bitcoin for digital purposes ( e.g online shopping , trades , invests , gambling with crypto ) . id say that no one is better because both currencies have thier advantage and dissadvantage .
If you compare bitcoin with USD, then first to understand what you need, and if you want investment then bitcoin is better.
It still goes down to the same old arguement " crypto and fiat". I believe both have their merits and their demerits and so we muat just accept that we need both. While we all know the benefits of btc, we cannot ignore the fact that we still change our btc to fiat, in most cases, in order to spend it sonce not all shops accept btc.
obviously i prefer bitcoins, why? because usd will always have the same value, the same purchasing power, while btc over time can increase its value even by 1000% ...
Another thing to watch out is the fractional reserve aspect that some of these big exchanges and institutions are starting to bring into bitcoin. The same perils of the USD are already making its way into crypto.
Both Bitcoin and USD have their respective purpose. For daily transactional purpose, I will choose USD fiat to make my purchase and while saving for the raining day with the amount I can afford to lose, I will go for Bitcoins, though risky but has a potential to add up to what I put in.
I just wanna know why the world owe trillions of USD to whom?
As we heard the news before that the world has a debt but to who? ALIENS?
This is why i like BTC and cryptocurrency as the blockchain record can't be cheated/.
As we heard the news before that the world has a debt but to who? ALIENS?
This is why i like BTC and cryptocurrency as the blockchain record can't be cheated/.
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