Is Bitcoin the dollar equivalent? | Bitcointalksearch.org

ToyotaFortuner

full member

Activity: 574

Merit: 100

Quote from: Digital Mutant on February 18, 2018, 05:22:00 PM

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

in my opinion bitcoin and dollar are very different, you use dollars to buy bitcoin and if the dollar is replaced with bitcoin it seems very difficult because if you look at the very limited supply of bitcoin it will make bitcoin harder to get, so maybe bitcoin will only be alternative currencies only.

kalstarzz

full member

Activity: 770

Merit: 100

currently bitcoin can be said to be equivalent to the dollar, bitcoin is currently worth the dollar just bitcoin can not be used by everyone, for example people who do not understand about the internet he will not be able to use bitcoin. with the dollar, the dollar is worldwide, many people who know him even use it. with that we can conclude dollar and bitcoin balanced

saffira

full member

Activity: 700

Merit: 100

For me bitcoin is incomparable to dollar. Dollar is a currency. Cryptocurrency has different system. Also dollar is already recognize legaly in the government. They are both volatile in some ways but the volatility of dollar can be consider as stable. It does not lose its value.

Pinkris128

sr. member

Activity: 812

Merit: 262

Quote from: supermam on April 17, 2018, 09:31:57 PM

Bitcoin and dollars is different from many aspects as we all know that bitcoin is a digital currency and its price fluctuates and sometimes its so low while dollars is a fiat money that people uses everyday in their transactions and itis the most used currency in the world.

Yes bitcoin was not equal to dollar. They have a big difference from each other. Look on their value, the appearance, the usage, and other things. I think they are just both currency which we need for our everyday life. Bitcoin was not a dollar since it was a cryptocurrrency that exist in a crypto world.

alessyan

full member

Activity: 269

Merit: 100

As a currency exchange, maybe bitcoin is equivalent to dollar and can be traded. But as a payment, Bitcoin can not be equivalent to the dollar because there is no regulation that allows Bitcoin as payment, also not many stores are willing to accept Bitcoin as payment.

supermam

member

Activity: 209

Merit: 10

Bitcoin and dollars is different from many aspects as we all know that bitcoin is a digital currency and its price fluctuates and sometimes its so low while dollars is a fiat money that people uses everyday in their transactions and itis the most used currency in the world.

bakekang008

member

Activity: 171

Merit: 10

Global Risk Exchange - gref.io

Quote from: Digital Mutant on February 18, 2018, 05:22:00 PM

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

If bitcoin is equavalent of 1 dollar maybe everyone who hold their coins is very happy, because their are future in bitcoin and they know bitcoin is the answer to all the financial problem.

bitcoinewuyis

newbie

Activity: 49

Merit: 0

A good low marketcap just hitting the market is Marinecoín, .MTC.. IoT application blockchain with machine to machine transaction focus. You can actually get a lot of these with no risk if you are willing to do some promotion work. 20,000 .MTC. for each completed AI task. F1CX is Marinecoíns exchange currently I am sure more will be added with time this is a solid long term project. time tested - artificial intelligence - time dilution technology - machine to machine - See more here marineco/in

378budiman

member

Activity: 299

Merit: 10

the government will never allow Bitcoin as the primary means of payment (like dollars). Because they can not control it, it will not work for them. And we must not forget that Bitcoin remains CRYPTOcurrency.

Aviney

newbie

Activity: 14

Merit: 0

Quote from: Digital Mutant on February 18, 2018, 05:22:00 PM

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

Anytime we compare the crypto assets market to the stocks markets in standard, can Bitcoin be considerated as roughly the same as the dollar?
In the stock exchage we buy shares with us dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

Cryptoipad

member

Activity: 260

Merit: 10

I think about that bitcoin and other cryptocurrencies from replacing the dollar in everyday transactions, one stands out: volatility value fluctuation in relation to the dollar.That’s according to a recent survey conducted by bitcoin an independent research firm in exchange of doller, which found that percentage of cryptocurrency holders see cryptocurrency volatility as the most important barrier of using cryptocurrencies in everyday transactions.both in value and popularity, of digital currencies like Bitcoin have made them impossible to ignore are dollers system exchange of rate to the project.

ATN.io

jr. member

Activity: 41

Merit: 3

If you are dealing in fiat then perhaps. Usually bitcoin is equated to gold and litecoin to silver.

Yarsk

full member

Activity: 448

Merit: 122

Bitcoin is even more then the dollars because bitcoin can be used wider transactions and across borders but in the case of the dollars it transactions capacity or it coverage is limited to it area or country of origin or a limited country that support the use of dollars.

PatronRH

full member

Activity: 322

Merit: 100

Maybe bitcoin is the same as dollars in cryptocurrencies. It is one of the oldest currencies and we compare almost all the prices with bitcoin. Yet that is just in cryptos because they really are nothing alike when compared in general.

V1saya

hero member

Activity: 1050

Merit: 508

Local currencies are widely used on different countries local stock markets. But the US Dollar is the leading currency when it comes to international stocks and bitcoin is the equivalent of USD here in the crypto market.

freesia_pnp888

newbie

Activity: 112

Merit: 0

well, these two can't never be same, no matter, regardless how you push them together on the same scale, bitcoin and dollar are not. many people are still highly doubtful about it, some assume more than it should be. but personally, it's not happening to me.

djselery

legendary

Activity: 1386

Merit: 1001

Quote from: Digital Mutant on February 18, 2018, 05:22:00 PM

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

If I understood you right, you mean that Bitcoin is the equivalent of Dollar in the crypto currencies world ? If this is your question, then yes for sure Bitcoin is the oldest crypto currency and the most successful and valuable one right now. All the other altcoins get influenced by the Bitcoin's market and price, and it is needed to trade most diogiatl currencies.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: Digital Mutant on February 18, 2018, 05:22:00 PM

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

To buy bitcoin you need to have fiat currency, if no how are you going to invest in other things, even if you want to mine these coins you need to invest a bigger capital, so what you really do is you are spending fiat currency every time and the only difference i see from stock exchanges and crypto currency market is that, stock exchanges does not operate round the clock and that is not the case with crypto currency market.

MoonJeina

sr. member

Activity: 652

Merit: 250

Make winning bets on sports with Sportsbet.io!

Quote from: Digital Mutant on February 18, 2018, 05:22:00 PM

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

There is no comparison between bitcoin and dollar as such . Dollar is just a currency restricted to one country and bitcoin is free of such things and is decentralized and independent of government . Bitcoin is also very dynamic and can be converted from or into any other digital currency . Bitcoin and dollars are only compared for price comparisons in order to simplify the people about the current price of bitcoin as they are more interested to know the price in dollars since bitcoin is not very much accepted by the governments.

kofibee12

newbie

Activity: 133

Merit: 0

Big No. To say bitcoin is a dollar equivalent implies that 1usd is equal to 1bitcoin. It is USDT, Tether, that one can say is equivalent to USD because it is pegged to the $. Buying crypto with dollar means you are placing a value to the altcoins or bitcoins ,and hope it price is what you believe it is worth.

Topic: Is Bitcoin the dollar equivalent? (Read 573 times)