Topic: Is Bitcoin the dollar equivalent? - page 2. (Read 573 times)
I don't really that think we can consider Bitcoin as the equivalent of dollars: $ belongs to the government whereas BTC is completely decentralized. Their systems are completely different, bitcoin works on the principle of free market, while cash works on the principle of centralized market.
well, if in my opinion, bitcoin will not be equivalent to dollar, because bitcoin there is no physical form and also bitcoin that we know is cryptocurency.
Yes, this is must to know. Bitcoin is a crytocurrency king for exchange/trading whereas dollars is already a real bill treated world wide. Absolutely bitcoin is not equivalent to dollars because 1BTC is equivalent to more or less $20000 dollars, this is how it differs.
Yes, bitcoin is playing the role in the crypto world which dollar is playing in the normal world. It’s the king of the crypto world and most of the people around the world know cryptocurrency by the name of bitcoin.
I dont think bitcoin would be condesidered as equivalent to dollar. Bitcoin is a different currency that has its own price. Price change according to its demand vs. supply. Just like other commodities, equity, and other currency. Bitcoin has its own generic kind that hunger the people to buy or sell that help them generate more income.
Bitcoin are calculated in dollars but not equivalent directly on market exchange, base on current market price of 1btc = 7000+ USD which everyone know or even expected to be more than that prize, as the case may be.
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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 the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).
I think not yet, with how the bitcoin has been volatile and experiencing drops I don’t tink wecan really try to compare the bitcoin into any kind of world currency to be honest. But as an investor in bitcoin I still do believe that we can still get over this and that the cryptocurrency market is the currency of the future. That I think is one thing we can all look forward to and look around to.
In my opinion, bitcoin is not the equivalent of the dollar and, in any case, will not be in the near future. In my opinion, bitcoin has nothing to do with the dollar at all, except that both serve as a means of payment and storage of value. Bitcoin is completely different from the dollar and can never replace it.
for exchange rate, bitcoin is better than dollar. but still the dollar is the currency that became the benchmark all over the world. whereas bitcoin only determines its own value and only becomes a benchmark for the price of crypto only.
Yes ofcourse, Bitcoin has the highest value in the market and no one can compete with this digital currency as its demand is higher than that of any other currency that can be a dollar, euro and can be pounds. So it is totally incomparable. For our exchange we just equalize currencies with Bitcoin in order to buy and sell. Rest it is incomparable in the market. It has totally covered the global market. 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).
n we compare the crypto assets market to the stocks markets in standard, 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).
Inside the stock exchage we buy shares with dollars.
Inside the cryptocurrencies exchanges we buy tokens or gold coins with bitcoins(and other cryptocurrencies, Litecoins, etc).
I truly believe in bitcoins. I believe it is the future of finance and it will forever change how we use money. However, I would say that bitcoins is just a jump off point of sorts and I think governments will just adopt the concepts and frameworks it has laid down. What will happen is that governments will ditch physical paper money and coins and go with cryptocurrency in their own way.
No right now you can't , see it more like an asset. Altough it is possible to pay with bitcoin it isn't really viable , the network is pretty slow and the transaction fees are to expensive. With the way bitcoin is now it has more in common with gold or something.
compare Bitcoin investments vs. other investment dollars Gold is an investment choice if you want to retain the value of an asset, but stocks are a good investment option if your investment goal is to profit
In my opinion there are strong similarities between the bitcoin and the dollar. Both are the reference currencies on their markets, both are reserves of value and measure and quotation of the other currencies and tokens.
Bitcoin is much better than the dollar it has limited emission, it is a new modern technology of the future built on blockchain, Bitcoin will be very valuable over time! With Bitcoin, I can make a transfer anywhere and it won't take long.
I think it's hard to happen. the value of bitcoin is unstable. we need something stable like dollars
well, if in my opinion, bitcoin will not be equivalent to dollar, because bitcoin there is no physical form and also bitcoin that we know is cryptocurency.
You are kind of right. Bitcoin is actually dollar of digital currency. But there are many differences in both. One major difference is dollar is treated as currency whereas bitcoin is treated as investment/asset.
In my opinion, 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 BTC remains CRYPTOcurrency.. 
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).
Somewhat yes, Bitcoin being the king of all coins just like dollar being the highest or most used among all currencies. In terms of importance they are not equal though (yet) Because bitcoin doesn’t affect an economy. If ever government get involved with bitcoins then it can be considered equal to a dollar. Simply because they will be toe to toe with its value. 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).
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