Is Bitcoin the dollar equivalent? | Bitcointalksearch.org

ToyotaFortuner

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Quote from: Digital Mutant on February 18, 2018, 06:22:00 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

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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

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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

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Quote from: supermam on April 17, 2018, 10:31:57 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

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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

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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

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Quote from: Digital Mutant on February 18, 2018, 06:22:00 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

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378budiman

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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

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Quote from: Digital Mutant on February 18, 2018, 06:22:00 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

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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

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

Yarsk

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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

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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

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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

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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

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Quote from: Digital Mutant on February 18, 2018, 06:22:00 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

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Quote from: Digital Mutant on February 18, 2018, 06:22:00 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

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Quote from: Digital Mutant on February 18, 2018, 06:22:00 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

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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 537 times)