dollar vs bitcoin | Bitcointalksearch.org

bitterguy28

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

I don't get what donation means for the federal,But what i am sure that you are just trolling here about this same issue of "Bitcoin vs. Dollar" thing in which some pushing the comparison but they have their own function and services .

If you really want to donate?there are millions of families that affected of the recent typhoon better give the Bitcoin to them than for the feds.

usekevin

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

If you keep buy of bitcoin with the getting money,the price of bitcoin will increase stable.It's very simple concept of demand and supply.When the demand of bitcoin will increase ,it will pump the price of bitcoin and you no need to donate any bitcoin to increase the price of bitcoin.Actually it's not seems a positive one and I don't think,they will increase a bitcoin price.

Xinarae*

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Bitcoins give you the natural advantage of roaming things will get lower and lower over time. Dollars printable through government measures are naturally inflationary, so holding them slowly reduces your purchasing power. There are many differences between the dollar and bitcoin. This means that the activities of Bitcoins are influenced only by buyers and sellers. There is no third party that can handle this. It cannot be artificially inflated or devalued by banks or governments like ordinary currencies. Since the Bitcoin business has no official influence there is no fear among investors that the currency could be valued for investor losses.

imstillthebest

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strong as in increase ? but does btc have a value on its own ? but i guess if dollar is increasing the value of btc will got more stronger . donating btc to federal state can be a silly idea because they are using usd and they can print money . they wont like that offer but if let say they will accept it i think they will still going to print money and that wont change because that is what thier job . printing money can be bad on the economy but that wont affect the bitcoins value as a whole . thats the best part of using a bitcoin .

pixie85

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Dollar is not the only world reserve currency and not the only tradable pair with BTC.

Weak Dollar means stronger bitcoin but it's only one of the factors that influence the market.

I guess the Federal Reserve doesn't take donations Wink

Ridwan Fauzi

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

In fact, there is no one who will do that. And I think the federal reserve will not have any advantage to do that as well. There is no perfect investment place, I mean all investment places will up and down depend on the investor itself and depend on the economic situation. Yeah, we already know about this time and almost all countries have the same problem.

They will create a lot of money to recover their economic situation to run normally and the impact will make their money fiat will go down. So, those who aware of the situation will choose a safe haven asset to avoid that, like gold and even bitcoin and this is why bitcoin price will up when we meet the situation. And of course, this situation will end when they are able to manage the economic situation back.

Oneandpure

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Dolar still more popular than bitcoin although many advantage if using bitcoin as currency payment than use dolar, almost countries in the world still using dolar as borrowing money from bank world and use for transaction to other country. I think dolar need evaluation how to impact for many people with faster transaction if use bitcoin. I know some people invest their money in dolar but just increase few percent only and waiting more than one year to get dolar have break up above 2%, for bitcoin you only take moment few weeks to see how bitcoin going to higher price and give more chance to get profit by bitcoin than dolar.

witcher_sense

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Quote from: AniviaBtc on November 11, 2020, 02:28:15 AM

Probably, yes. The only thing that makes BTC strong is inflation and economic crisis, but if the government is not that printing a lot of money then dollar will be much better.

Governments will never stop inflating their currencies because the cost of printing is almost zero, temptation to make money out of thin air is strong, and, more importantly, they receive perpetual revenue to finance their ends. They will never stop printing if continue to maintain their monopoly to issuing money. The reason bitcoin is strong is not because governments keep inflating their currencies, but due to the fact that they can't do that with bitcoin. For if they could control it, it would be already gone.

OrgonePyramid

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wait until february 2021 and check the dollar again ;-)

CODE200

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Quote from: AniviaBtc on November 11, 2020, 02:28:15 AM

Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Probably, yes. The only thing that makes BTC strong is inflation and economic crisis, but if the government is not that printing a lot of money then dollar will be much better.

I think that btc can somehow rely on fiat or dollar due to the fact that we traditionally use fiat in most of our businesses and transactions.

I doubt it is the reason. There's no correlation between cryptos and fiat no matter which currency it is. Simply because of centralization and decentralisation. Bitcoin and most of the cryptos are decentralized, meaning they are not under any government's control, its market value is just dependent with demand and trades. USD is just dependent with the economic condition of a country making its price stable and also, centralisation ofcourse. There is only a linkage between fiat and cryptos due to the aspect of rational exchange of value.

traderethereum

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Quote from: TahuDiniHari on November 10, 2020, 08:57:39 PM

If my point of view, dollar and bitcoin will go together, in the future there will be many people who invest their dollars to become bitcoin. I think it is natural, because the current digital progress has not been evenly distributed, there are still many countries left behind when it comes to dealing with the digital world. so the role of the dollar is very important to convert into bitcoin. our dream is still the same, seeing bitcoin can be accepted in all countries in the world.

I would like to see that happens in the future, as we have not just a dollar in this world, but we also have much currency from many countries.
So if the current currency and bitcoin can be together in all countries, that will give people many chances to have a bright future.
When the cryptocurrency can become globally, it can be used as the payment system option, and people will not just have their currency, but they also have crypto to pay something.
People who know bitcoin will want to see bitcoin to be accepted in all countries in the future, and the chance to see that will be still wide open. But we need to be patient as we know that many countries still do not accept cryptocurrency.

BTCappu

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

You’re not serious Grin

. How can you be donating Bitcoin to government? If you do that you’re just going to be giving them free money and that’s all, and it will never stop them from doing whatever it is they want to do, they will still continue doing it whether it affects Bitcoin or not.

Just imagine telling the government that you’re donating Bitcoin to them because you want them to continue an action that will lead to the failure of their conventional currency? Like who will agree to such thing? They will just collect bitcoins you have donated and put it on auction and sell it, as they do with other crypto assets they lay hands on.

adzino

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Not really. If dollar does go strong, we might see the opposite. The price of bitcoin might start increasing even more. But, do remember, the price of bitcoin is not pegged to that of USD or any other fiat currency. So it doesn't matter if the value of fiat goes stronger or weaker, bitcoin will have its own value determined by the market's demand and supply.

Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

can donate btc to federal reserve to make them not make dollar strong again and keep printing

You don't have to donate btc to "federal reserve?" to make them print fiat currency. They do it on regular basis.

Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

those bankers like money i think if crypto users will donate to them it will keep btc price good

They love money, but they hate decentalized crypto currencies.

AniviaBtc

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Probably, yes. The only thing that makes BTC strong is inflation and economic crisis, but if the government is not that printing a lot of money then dollar will be much better.

I think that btc can somehow rely on fiat or dollar due to the fact that we traditionally use fiat in most of our businesses and transactions.

I'm happy right now that bitcoin is having a good run, its price is in $15,000+ and that's a good sign for me.

3meek

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Quote from: BuNga_cute on November 11, 2020, 01:17:30 AM

If the Dollar strengthens I am sure it will not make Bitcoin go down, because the two have no relationship. Then regarding the donate
Bitcoin to federal reserve to make the Bitcoin price rise, it is an action that does not need to be done. Doing so will only be useless,
because Bitcoin increases based on demand and supply. I really hope the Dollar and Bitcoin in the future can be used together,
so Bitcoin is used as a payment alternative not to replace fiat.

In my opinion, bitcoin is not a very good alternative means of payment. It is well visible now, when for a quick transaction you need to pay a few tens of dollars for a commission...

BuNga_cute

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If the Dollar strengthens I am sure it will not make Bitcoin go down, because the two have no relationship. Then regarding the donate
Bitcoin to federal reserve to make the Bitcoin price rise, it is an action that does not need to be done. Doing so will only be useless,
because Bitcoin increases based on demand and supply. I really hope the Dollar and Bitcoin in the future can be used together,
so Bitcoin is used as a payment alternative not to replace fiat.

proTECH77

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Despite the election of US presidential ended in favour of Joe Biden which may cause hardship in the country because Donald Trump refuse to step down claiming that the election was not free and fair in November 3. With this condition US need more money to sustain their citizens to survive for now in the country. Government still have the power to direct the central bank to print more money for the country, not to allow the citizens to donate any money to support the government. Dollar is a centralized currency which is control by the government not any private sector in the country.
Bitcoin is a decentralized currency in the country which is not control by any country of the world. No government officials have access to control bitcoin or to impose them to donate for the government.

gurjasmeetsingh

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I think dollar is a oldest currency instead of bitcoin. So we can see if the dollar price is high, then bitcoin price is low. Because bitcoin is own currency. Dollar is play the role to convert into bitcoin. But if we see point of view of bitcoin. This is the same as dollar, due to popularity of bitcoin, lot of people intresting investing in bitcoin. Then we can say there is no difference in dollar & bitcoin. So if dollar rates high then bitcoin rate will high. But it's my thinking. I didn't know others thinking. I think so.

TahuDiniHari

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If my point of view, dollar and bitcoin will go together, in the future there will be many people who invest their dollars to become bitcoin. I think it is natural, because the current digital progress has not been evenly distributed, there are still many countries left behind when it comes to dealing with the digital world. so the role of the dollar is very important to convert into bitcoin. our dream is still the same, seeing bitcoin can be accepted in all countries in the world.

senya-com

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Bitcoin is actually a technical base for mass psychologically approved dollar at the moment, so I suppose the confrontation of these two "brands" is not a deal now...

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