Topic: BTC vs USD - Which one is better? - page 6. (Read 13741 times)
Lol its a weird and funny question.if any fiat money move accırding to one guy (even he is president) its unsecure and not healthy.
Of course there are differences in both, even though it's equally valuable but has a pretty good influence, Bitcoin is the digital currency for the future and USD is the strongest currency that when this is influential, Bitcoin dominates in all fields, even the whole world knows bitcoin circulation in the eyes of the world has spread widely, maybe in the coming year the USD will be displaced, by Bitcoin ...
imo, a risk averse person would probably go for usd because it's a fiat currency and it's not affected by the forces of demand and supply while a risk taker would go for btc.
BTC is a future currency and a renowned digital asset whereas USD is a mainstream currency regulated by a centralized authority; primarily both must be run simultaneously as it will maintain the balance though BTC has a huge future prospect than any other digital asset.
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?
Its depend on market behavior.Specially bitcoin,bitcoin is high volatile than USD. If you want profits you can choose bitcoin(after do a full analyze before buying) you can choose bitcoin. Bitcoin has higher growth rate.In 2009 bitcoin sold at 0.001 USD. But today same bitcoin sold at +10K. You save a kept a 1 USD in bank,with all the profits ect ect you now can get 10$.Ok lets say 20$. But what if you kept 1 bitcoin,its +10K. What if you invest that 1 USD on bitcoin.?
Although the BTC is calculated by dividing with the dollar, but everyone will give more powers to the BTC. Because if BTC deposits, there is a possibility of a price increase in the future. But the dollar is only slightly lowering the price.
For me bitcoin is better than USD. Because usd is more vulnerable to inflation. While bitcoin has the advantage of the easy of running it. Bitcoin investment is fairly easy because it can be done remotely (online) from wherever the investor is. Only by turning on the computer or smartphone and internet network, then you are ready to run this investment.
Inflation is the only point you got right. It's actually a lot easier to use fiat money. I can take money out from my pocket right now and pay some guy for it. No fees. Instant. But you try using Bitcoin to pay a guy rightaway without internet. Even with internet it could take 10 mins or 1 hour, if you're not lucky.
So before running investments as you call it, maybe try understand Bitcoin first.
You are right. Currently, Bitcoin is not very suitable for making payments and that's why the vast majority of the users treat the coin as an investment asset. Also, third party payment processors needs to be used for BTC payments, as getting confirmations can take anywhere from 5 minutes to 1 hour. But Bitcoin is still in its infancy. As time progresses, it will become more user-friendly.
In crypto things change from a week to another, so it is hard to say that Btc or Usd is better. It all depends on market trend.
During bull markets btc will increase a lot, so it's definitely a much better option. However, when market turns bearish, you might want to keep more Usd.
During bull markets btc will increase a lot, so it's definitely a much better option. However, when market turns bearish, you might want to keep more Usd.
For me bitcoin is better than USD. Because usd is more vulnerable to inflation. While bitcoin has the advantage of the easy of running it. Bitcoin investment is fairly easy because it can be done remotely (online) from wherever the investor is. Only by turning on the computer or smartphone and internet network, then you are ready to run this investment.
Inflation is the only point you got right. It's actually a lot easier to use fiat money. I can take money out from my pocket right now and pay some guy for it. No fees. Instant. But you try using Bitcoin to pay a guy rightaway without internet. Even with internet it could take 10 mins or 1 hour, if you're not lucky.
So before running investments as you call it, maybe try understand Bitcoin first.
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?
Bitcoin a new era of the digital world I think near future Bitcoin useable in real life, Already this prosses started in many countries.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?
If you can buy bitcoin at a low price and hold some time you can make a good profit because Bitcoin progressively like a speculation open door when contrasted with USD.
Bitcoin is already usable in real life, it's just that only few are using it right now.
The adoption comes when there's a good regulation and since bitcoin already calling the attention of the regulators, I am sure in the long run they will be able to come up with a goo regulation that will make money trust bitcoin and use it in their daily lives.
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?
Bitcoin a new era of the digital world I think near future Bitcoin useable in real life, Already this prosses started in many countries.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?
If you can buy bitcoin at a low price and hold some time you can make a good profit because Bitcoin progressively like a speculation open door when contrasted with USD.
If answered honestly i will still prefer fiat to store in more quantity. I will store BTC as asset and not more than 10% of my total wealth. Because saving all life earning in volatile assets is not a good idea and a portion is enough to store because that 10% may give 10x or 100x when btc really become single word currency BUT if it fails then you will bear only 10% loss.
So in any case where usd doomed and btc boomed then you are in safe mode and if btc becomes zero (worst case) then also you lose little bit.
So in any case where usd doomed and btc boomed then you are in safe mode and if btc becomes zero (worst case) then also you lose little bit.
If you compare USD with BTC, then it won't be exactly apple to apple comparison. First of all, Bitcoin is a currency that is decentralized and protected against inflation by the principle of controlled supply. On the other hand, the United States Dollar is a currency that is centralized and not protected against inflation. The purchasing power of BTC may either remain stable or increase in the due course of time, while that of USD will decrease.
USD is the international money as of the moment, if I were to choose between bitcoin and USD to use, I would choose USD in terms of spending money because on my part, Bitcoin for me as of the moment is for investing purposes because its volatile. And because of its volatility, even a small amount of money can increase in a matter of a day unlike the USD that will toke months to increase a small interest.
I would pick Bitcoin of course. Why would I pick a dying currency? In addition to that, why would I pick a currency that is not owned by us, a currency whose value is under the dictation of the banks and its crime partner the government? Bitcoin, on the other hand, does not have inflation. It is even growing in value. USD is losing more and more value every year. Bitcoin is global and you can easily transfer money and buy stuff with less fees.
Exactly. Sooner or later, the USD will die because of the dreaded inflation imposed by the government. Not to mention, the US is in a large debt with some countries worldwide. It shouldn't be long before the USD collapses, and another Fiat currency like the EUR or YEN takes its place within the future. Even so, Fiat currency is largely manipulated by worldwide governments. The benefit of Bitcoin is that you gain full control of your money. There are no middlemen in custody of your funds, which gives you the full responsibility of protecting your capital.
The deflationary design of Bitcoin, allows it to be used as a store of value more than just an ordinary currency like the USD. People like you and me, dictate the price per coin, as well as, its future direction within the mainstream world. Given all this, I'd say that Bitcoin is ten times better than the USD. The only issue would be slower transactions, and unstable prices. Aside from that, it's been doing better than the USD every step of the way.
Nonetheless, comparing both the USD and Bitcoin is like comparing apples and oranges. The USD is highly centralized while Bitcoin is all the contrary. But, which currency you'll choose, will largely depend on you. Just my thoughts
USD is money issued and supported by the state,Bitcoin is a fictional unit in the world of cryptography ,which can be imagined by another million billion,so bitcoin is a dead end, although a beautiful fairy tale in the world of Finance.
If I had to pick one it would be BTC
Bitcoin really loves it, but USD is more convenient
For me bitcoin is better than USD. Because usd is more vulnerable to inflation. While bitcoin has the advantage of the easy of running it. Bitcoin investment is fairly easy because it can be done remotely (online) from wherever the investor is. Only by turning on the computer or smartphone and internet network, then you are ready to run this investment.
USD is amazing when it comes to keeping your money safe , but when it comes to things like Investing , until and unless your countrie's economy goes down suddenly , you won't be benefitted from it on a large scale.
To even attain a benefit of like 10$ , you need to hold a certain amount which would be like 10 times your desired interest.
It is something that can be used world wide but at the same time it is not something that is always strong , since it is also dependent on a countrie's economy and we can see it struggling this year.
I think BTC wins hands down , I would just encash if I need to use it somewhere , also the interest it gives is amazing.
It can easily hide it's shortcomings.
It is investment not a Currency thus don't even think anyone would accept it as casually as money.
To even attain a benefit of like 10$ , you need to hold a certain amount which would be like 10 times your desired interest.
It is something that can be used world wide but at the same time it is not something that is always strong , since it is also dependent on a countrie's economy and we can see it struggling this year.
I think BTC wins hands down , I would just encash if I need to use it somewhere , also the interest it gives is amazing.
It can easily hide it's shortcomings.
It is investment not a Currency thus don't even think anyone would accept it as casually as money.
The only good opinion here. Why make this comparison, if in fact - these are 2 incomparable things?
Dollar - stability. Bitcoin - fast but dubious earnings.
The comparison is made precisely because they are both currencies. The other fiat and the other digital. It can be compared because they are different and yet they are trying to offer the same to the people. They both offer themselves as media of payment. It's just that the other is controlled by the banks and the other is controlled by the users themselves. The other is therefore centralized while the other is decentralized. The other uses medium and the other is peer-to-peer.
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