Topic: BTC vs USD - Which one is better? - page 11. (Read 13741 times)
It is obvious that bitcoin is better to store than $.I would love to use only Bitcoin. But since it is not used everywhere, then of course we will use $.But nevertheless it will be temporary.I am sure that bitcoin is better than any Fiat currency.
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?
Choosing between the two will give us many reasons why the other is better than the other. They both have their pros and cons in terms of availability, security and stability. Bitcoin is based on the Internet while USD is based on USA which is a physical being. We can gain USD if we work and same for Bitcoin. Their values are different because we cannot control Bitcoin yet in terms of which will gain control over it.
USD was and still use for how many centuries now and it's a currency of one of the powerhouse nation so I think it'll stay relevant even if Bitcoin is the future money. Local currencies is serving each country and Bitcoin's vision is not to eliminate it though. And above anything else every Bitcoin holder expect their investment to grow then withdraw it with USD 
Not every bitcoin holder withdraw their bitcoins with USD but they use their specific currency depending on their nation. I believe you that US dollars are been served since decades and if compared with bitcoins, it might gain more popularity and age but bitcoins are the currency of future. Peoples need to learn more about bitcoins as bitcoins might be the currency ruling the global markets in some coming months. US dollar are physical cash whereas bitcoins are not physical and it might be the only comparison between them atleast from my mindset but yet both are doing great job in their position. USD makes bitcoin trades easier and vice-versa Bitcoins affect the trades for USD.
USD was and still use for how many centuries now and it's a currency of one of the powerhouse nation so I think it'll stay relevant even if Bitcoin is the future money. Local currencies is serving each country and Bitcoin's vision is not to eliminate it though. And above anything else every Bitcoin holder expect their investment to grow then withdraw it with USD
Not every bitcoin holder withdraw their bitcoins with USD but they use their specific currency depending on their nation. I believe you that US dollars are been served since decades and if compared with bitcoins, it might gain more popularity and age but bitcoins are the currency of future. Peoples need to learn more about bitcoins as bitcoins might be the currency ruling the global markets in some coming months. US dollar are physical cash whereas bitcoins are not physical and it might be the only comparison between them atleast from my mindset but yet both are doing great job in their position. USD makes bitcoin trades easier and vice-versa Bitcoins affect the trades for USD.
If anyone chooses USD over bitcoin he shouldn't be here for any reason. It is difficult to accrue an asset you dont believe in. Buffet and Bill gate dont believe in it and no one crucify them but the value had always increased right in there face. The Idea of some technology doesnt look sensible to some people until they were educated about it and they even turn to a crusader of such technology. Interestingly, facebook, microsoft, etc will get on blockchain soon after all their criticism
There is finite number of BTC that can be generated i.e. 21 million. Since supply of BTC will remain finite its price will go up.
While US govt is free to print as many USD as they want and has no backing of real asset like gold.
Today USD is the central currency but they way things are going BTC will defiantly go up.
While US govt is free to print as many USD as they want and has no backing of real asset like gold.
Today USD is the central currency but they way things are going BTC will defiantly go up.
Bitcoin and USD carry varied factors, and it is impossible to find which makes bitcoin better than USD or vice versa as individuals have difference of opinion on the same thing.
Decentralization
It is one of the best feature that we cannot see with anything else. There are people who who consider it an added advantage of bitcoin and get into it. Same time there are users who stand away indicating decentralization as a major issue.
Limited Supply
Both USD and bitcoin has got limited supply, USD will be authorized or backed by government/central banking authority. With currencies it is manipulative the currency value by the government, while bitcoin is completely different and gets functional based on the underlying algorithm.
Pseudonymity
Bitcoin gives the anonymity to some extend, while the same isn't possible with the USD transactions where it is a must to fulfill KYC when you make an transaction. Anonymity has got negative impact in terms of fund transfer to terrorism and other needs.
These were some of the big factors that make a big difference between USD and bitcoin, probably more minor factors were there which will also let bitcoin and USD better to each other.
Decentralization
It is one of the best feature that we cannot see with anything else. There are people who who consider it an added advantage of bitcoin and get into it. Same time there are users who stand away indicating decentralization as a major issue.
Limited Supply
Both USD and bitcoin has got limited supply, USD will be authorized or backed by government/central banking authority. With currencies it is manipulative the currency value by the government, while bitcoin is completely different and gets functional based on the underlying algorithm.
Pseudonymity
Bitcoin gives the anonymity to some extend, while the same isn't possible with the USD transactions where it is a must to fulfill KYC when you make an transaction. Anonymity has got negative impact in terms of fund transfer to terrorism and other needs.
These were some of the big factors that make a big difference between USD and bitcoin, probably more minor factors were there which will also let bitcoin and USD better to each other.
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?
We only need to wait until there area less people who hoard a lot of bitcoin. Of bitcoin spread evenly then price movement characteristic will almost the same as gold. The extreeme price movement will be less happen. When that time happen then people will be more consider bitcoin as currency rather than speculative investment and prefer like to use bitcoin rather than USD or other fiat currency. 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?
For a store of value, something pegged to the Unidad de Fomento (https://en.wikipedia.org/wiki/Unidad_de_Fomento) or SDR (https://en.wikipedia.org/wiki/Special_drawing_rights) would be best. Dealing with a basket of goods or currencies decreases risk of systemic failure.
For Sora, we are planning to release stable coins for both the UF and SDR, and I published a paper at ICBC (the IEEE conference held in Korea two weeks ago) about this.
For Sora, we are planning to release stable coins for both the UF and SDR, and I published a paper at ICBC (the IEEE conference held in Korea two weeks ago) about this.
Clearly, bitcoin is way better than USD and you can see it just by looking at the technology behind bitcoin and it's value. But still, bitcoin is useless if it gets regulated by these centralized agencies which we don't want to happen.
In my opinion there is actually no competition between bitcoin and USD. I think both of them are also needed by the people today, if bitcoin is used to send money without limitation of distance and time then after that bitcoin is ready to be exchanged into USD so that it can be used for small transactions.
USD was and still use for how many centuries now and it's a currency of one of the powerhouse nation so I think it'll stay relevant even if Bitcoin is the future money. Local currencies is serving each country and Bitcoin's vision is not to eliminate it though. And above anything else every Bitcoin holder expect their investment to grow then withdraw it with USD
Not every bitcoin holder withdraw their bitcoins with USD but they use their specific currency depending on their nation. I believe you that US dollars are been served since decades and if compared with bitcoins, it might gain more popularity and age but bitcoins are the currency of future. Peoples need to learn more about bitcoins as bitcoins might be the currency ruling the global markets in some coming months. US dollar are physical cash whereas bitcoins are not physical and it might be the only comparison between them atleast from my mindset but yet both are doing great job in their position. USD makes bitcoin trades easier and vice-versa Bitcoins affect the trades for USD.
USD has some obvious benefits over btc right now:
1. it is more widely accepted, nearly any store worldwide will accept dollars but not bitcoin.
2. Price is less volatile, you won't wake up and have your dollar be worth 20 percent less. Even though inflation lowers its value it happens really slowly.
3. Bitcoin is deflationary which discourages spending which can be bad for an economy
I still prefer bitcoin but I'm playing devils advocate by the way.
Yes, fiat money are still better than bitcoin despite of the currency. I don’t have USD, and never had this one but since its a fiat money, i can set it works well. Bitcoin is just a new currency available online, not all stores knows about it but in time when bitcoin make a huge impact in the market and widely accepted i think USD will be on risk. 1. it is more widely accepted, nearly any store worldwide will accept dollars but not bitcoin.
2. Price is less volatile, you won't wake up and have your dollar be worth 20 percent less. Even though inflation lowers its value it happens really slowly.
3. Bitcoin is deflationary which discourages spending which can be bad for an economy
I still prefer bitcoin but I'm playing devils advocate by the way.
Better for what purpose? Each one has its advantages and disadvantages. Bitcoin is great for investments and easy virtual transactions nowadays, while dollar is a great stable currency known and accepted worldwide, held even by different governments to keep the countries reserves intact.
However it would be interesting to see an experiment like this on practice, just to vary the common inflationary economies we see everywhere.
3. Bitcoin is deflationary which discourages spending which can be bad for an economy
There is a lot of discussion about it. I think this is a disadvantage of bitcoin, as everyone will want to hold money instead of holding goods, lands, real estates, and it can result in freezing the economy. However it would be interesting to see an experiment like this on practice, just to vary the common inflationary economies we see everywhere.
USD has some obvious benefits over btc right now:
1. it is more widely accepted, nearly any store worldwide will accept dollars but not bitcoin.
2. Price is less volatile, you won't wake up and have your dollar be worth 20 percent less. Even though inflation lowers its value it happens really slowly.
3. Bitcoin is deflationary which discourages spending which can be bad for an economy
I still prefer bitcoin but I'm playing devils advocate by the way.
1. it is more widely accepted, nearly any store worldwide will accept dollars but not bitcoin.
2. Price is less volatile, you won't wake up and have your dollar be worth 20 percent less. Even though inflation lowers its value it happens really slowly.
3. Bitcoin is deflationary which discourages spending which can be bad for an economy
I still prefer bitcoin but I'm playing devils advocate by the way.
To argue that a dollar is better than bitcoin, it means to deny the advantages of decentralized cryptocurrency over fiat. At the same time, we know that there are such advantages and they are huge. Moreover, the USD, unlike other ordinary currencies, is not even secured. This is actually a piece of paper that is still in demand.
From my point of view, I definitely chose BTC. Because,
1. It's a crypto currency. Crypto currency is definitely the future currency.
2. It's easy availability. If you have Internet connection then easily reach btc transition.
3. I think that BTC makes our daily money transition very easy.
So, to me BTC is more preferable than USD.
1. It's a crypto currency. Crypto currency is definitely the future currency.
2. It's easy availability. If you have Internet connection then easily reach btc transition.
3. I think that BTC makes our daily money transition very easy.
So, to me BTC is more preferable than USD.
In my opinion, bitcoin is only good for instant transaction & trading but if we want to use the whole day in our daily life we can't. Because first of all BTC isn't legal all over the world & BTC price isn't stable 
USD controlling the whole world because of stability.
USD controlling the whole world because of stability.
I would pick the bitcoin any time any day. The USD heavily depends on some big banks and Regulatory policy for its value attribution. The bitcoin is literally a BIG BOSS on its own.
Maybe this is the first time I am seeing the BTC-USD comparison! USDT is not a cryptocurrency, So, the comparison fails here! And, Personally, I would pick the greatest coin Bitcoin always! USDT is controlled, Bitcoin isn't controlled by the Billionaire rather Bitcoin helps people to be a billionaire!
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