BTC vs USD - Which one is better? - page 12.

Cosbycoin

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Quote from: marketingnerd on May 22, 2019, 08:58:23 AM

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?

I would choose bitcoins considering the growth rate and the benefits of being with them. USD is a stable currency backed by the United States which makes only the peoples from United States of America use USD as a mean of payment but bitcoins are been used globally and we can transact with any individual in any corner of the world with bitcoins.

We can probably not trade with every individual with USD and we need to convert USD to local cash in order to make trades in other respective nations. Also holding our capital in bitcoins is a good option as with the increase in price, our capital too is increased which as compared to USD is not found.

iMark

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Quote from: Daniwahyu007 on May 23, 2019, 10:04:46 AM

Quote from: marketingnerd on May 22, 2019, 08:58:23 AM

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?

in this case it is only natural if you choose usd because it can be used all over the world and I will also choose usd for the same reason, but btc will still be my investment ... slowly the btc will be accepted in all countries

In certain aspects and spectrum of course we cannot just depend on USD or just on bitcoin. for example, as you say that for payments then USD are more popular because they are accepted everywhere, but for investment bitcoin is far more charming for me, depending on the needs and interests you want, moreover we are free to use both of them right

Fivestar4everMVP

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Quote from: marketingnerd on May 22, 2019, 08:58:23 AM

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?

to answer your question, I think it makes no sense comparing bitcoin to usd, they are two entirely different form of currency, and remember, the problem bitcoin hopes to solve is to some extent different from what usd is currently solving, and another factor to why it makes to sense comparing them both is that they aren't the same age, bitcoin is just about 10 or 11 years old while usd is far far older, wait until bitcoin is at least 30 to 40 years old, then we will know how far it's come

FlightyPouch

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Well, there are a lot of features BTC has that USD doesn't have, the most popular is the decentralization. But that doesn't make BTC better than USD, all in all, USD is still better than BTC. BTC will never lose it's volatility while it is decentralized so I don't think it will be that easy to make it a stable currency. Fiats can be used everywhere and that is the same with USD, if BTC will be accepted worldwide, I think people who want to travel and make adventurous tales will be favoring BTC over USD or their Fiats.

freedomgo

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I won't lie... Yes, it's bitcoin, I don't have like USD or fiat to rule the world, it should be something not created and control by a group of individual that's why I'm backing bitcoin over USD. We all know Bitcoin is not yet popular and it cannot beat USD at it's standing now, but this is our own, we are the one making it popular and more valuable, so in the future, this might bring a lot of adoption because of our undying support now.

Apes

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Quote from: marketingnerd on May 22, 2019, 08:58:23 AM

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?

in my opinion comparing between BTC and USD is not equivalent. same as comparing planes with cars. BTC is cryptocurrency while USD is Fiat or cash.
everyone if wanna investing definitely will chooses BTC, USD is not suitable for investment because USD is used for daily needs rather than investment.
if extensive use is the reason, that is not the right reason.

olamidey

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In reality both all have their usefulness at different times. Even though Bitcoin is a speculative asset, it's price gains / bull run are a delight to investors. Looking at it from another aspect, USD is used globally and well accepted by governments all over so the acceptance and usage is wider than that of bitcoin. You can literally use use to buy everything while BTC payments for goods is very much limited. Let's just agree that they will continue to co-exists all long as USD exists.

killat

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It all depends on which market side you're referring to: bullish or bearish.

During bull runs bitcoin is better, as increases its value. During bear periods USD is definitely better, as it remains constant.

ttcsalam

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Bit coins are good at any medium. If you put USD on USD then there is profit if the market results. There is a possibility of loss. Besides, it is very good in terms of money transfer, because there is no other medium.

Fredomago

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Quote from: maxreish on May 24, 2019, 12:07:56 AM

Comparing these two is unmeasurable. In the first place, USD can be used easily worldwide and accepted by banks while bitcoin can also be used in selected countries without banks. We don't have to choose between the two of them. We can actually convert USD to BTC and/or BTC to USD.

Quote from: ?? on ??

Hello all. Bitcoin is better for payments without taxes (for us and Internet). USD is better have in your pockets. But that's for now. We have 21st century, so we need new currency. And maybe it will be Bitcoin.

YOU makes sense in your reply, though bitcoin in other countries already implementing adding tax into it. Also, there is still high fees in btc transactions. But I agree that USD had a strong impact but we are in a 21st century and we want to experience some new technology like btc.

New technology and another venue to try for our payment process, the transactions can be done in our benefits, just need to work on with your
knowledge and how will you maximize every benefits that bitcoin offers for this new system.

maxreish

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Comparing these two is unmeasurable. In the first place, USD can be used easily worldwide and accepted by banks while bitcoin can also be used in selected countries without banks. We don't have to choose between the two of them. We can actually convert USD to BTC and/or BTC to USD.

Quote from: ?? on ??

Hello all. Bitcoin is better for payments without taxes (for us and Internet). USD is better have in your pockets. But that's for now. We have 21st century, so we need new currency. And maybe it will be Bitcoin.

YOU makes sense in your reply, though bitcoin in other countries already implementing adding tax into it. Also, there is still high fees in btc transactions. But I agree that USD had a strong impact but we are in a 21st century and we want to experience some new technology like btc.

isaac_clarke22

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Quote from: bitmover on May 22, 2019, 11:19:55 AM

In my opinion, they are not really competitors and there is no better here. Both currencies have different use cases.

I believe bitcoin mainly use, for now, is to make the transactions that banks do not allow you to do, or that they charge very expensive fees. Those transactions ares remittances, currency conversions, payments in another currency, etc.

Another great use is as store of value, especially in time of crisis.

Exactly the same boat as you.

Both of these co-exist. They aren't meant to compete to each other (maybe gold?). It is just a matter of what's the most appropriate or convenient entity to use at a certain situation.
I haven't made a large transaction yet with fiat money that cost me a massive fees so that's why I ain't that much sure if there's such situation where Bitcoin is only way to complete the transaction at its most efficiency.

Lily_Olive

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Ultimately, it is not which is better. Each one can work differently for individuals during different transactions. In the future, instead of comparing Bitcoin vs Gold and Bitcoin vs USD (Dollar), hopefully there will become a system where each of these currencies and others can co-exist with each other to create the best results for the world as a whole.

bhabygrim

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It all depends on us on what do we like,
Do you like to continue using bank? Or do you like to get a financial freedom?
USD would still be the same value but crypto have a huge chance to increase.
But in terms of usages USD is really better than BTC but in terms of saving it is better to use BTC rather than USD.

Pom_bensin

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Quote from: pawanjain on May 23, 2019, 09:17:30 AM

BTC and USD both have their own attributes and I think we should respect them both for what they are and stop comparing to each other.
While BTC has it's pseudo anonymity and p2p capability, USD has more availability and acceptance globally. Although if we talk about which one is better I will vouch for BTC.
Everyone has their own opinions and in my opinion BTC has better characteristics than USD. This doesn't necessarily mean USD is worthless. Both have their own values.

both have values and characteristics according to people's tastes, but maybe what we mean here is that they want to compare between bitcoin and usd in a different matter. here I see if both are not bad and can be connected to each other

Daniwahyu007

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Quote from: marketingnerd on May 22, 2019, 08:58:23 AM

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?

in this case it is only natural if you choose usd because it can be used all over the world and I will also choose usd for the same reason, but btc will still be my investment ... slowly the btc will be accepted in all countries

kingpin4321

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My sure pick would be bitcoin. Because of some reason, bitcoin is more like an investment opportunity as compared to USD. The great economical advantages USD has against bitcoin is that is it very much acceptable globally than the bitcoin

Pipdips

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Due to the stability of the US dollar I like the US dollar much more. Currently for me Bitcoin is just a challenge and a passion. Over the years, all of my Bitcoin purchases combined are worth less than I put into it. As I learn to trade cypto-currency more successfully the tide may change but for now I am still trying to break even with Bitcoin.

airdagon

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I think Bitcoin is a little better, but both have slightly different uses, bitcoin is used for payment and investment tools, while USD is only used for payment instruments

Nellayar

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When it comes in stability, I rather choose the dollars than bitcoin but I am here for bitcoin and not for us dollar. I don't need it anymore since I do not use dollars. Bitcoin is good when you will invest it in a low price. You do not have to look for gold because bitcoin can replace its value.

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