Topic: Is Bitcoin the dollar equivalent? - page 3. (Read 573 times)
I think it's something like that. You need to change your coins to bitcoin to cash them out. Now some exchanges gives you some other options to turn your coins to fiat (BCH, LTC, WAVES, ..)
I believe OP is asking on whether Bitcoin is like USD in the crypto world since altcoin prices are mostly presented in Bitcoin. I believe you can say so. Bitcoin is the leader in crypto and most exchanges trade altcoin against Bitcoin. Although you can find ETH-Altcoins pairs too.
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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).
I don't think bitcoin is equal to dollars. The dollar could be used in the world, governments around the world recognise the value of it, people can use the dollar to buy a lot of goods, but the bitcoin is not accepted by people around the world, the bitcoin to pay only accepted by a few shops 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).
This is distinctly different, though In theory the same, but basically different. Bitcoin without trading in the market, already has a volatile value, so by just buying Bitcoin constantly and save it alone you include participate in affecting market prices, demand> supply, so bitcoin prices will continue to rise. While the price increase of stock assets is based on market and business news.
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.
Bitcoin can be compared to dollar. The difference is that bitcoin is a digital currency and dollar is a physical asset. Bitcoin can be sent to anyone if he has bitcoin account. This is through digital transaction and the receiver can receive the bitcoin amount in seconds. This is a very convenient way of sending money.
this is actually in principle the same stock exchange dollars with virtual coins, but the dollar we can hold and more real and bitcoin only on write it and the price is more bitcoin one bitcoin can tens of dollars, but on the principle of stock and investment alike.
Bitcoin is worth more than a thousand dollars like today 1 xbt is equivalent to 8.995.04 USD when we convert it to xe currency converter so meaning bitcoin is much more than a dollar.
that's true in someway, because when you come to the cryptocurrency section of digital technology, i think bitcoin is the boss. But one thing is that not every coin is staked against bitcoin for trading.
Now a bitcoin is about 56,000 yuan. Currency exchange 56,000 yuan = 8284.0237 US dollars.
i dont think so... constant change is always there... 
bitcoin is best than dollar.bitcoin is more valuable than dollar,because, dollar will always depend on cryptocurrency. dollar will never fluctuated,on the other hand, bitcoin will multiply the value of dollar. dollar will not profitable, but, bitcoin will always profitable and economical.
compare bitcoin to dollar or euro or another currency is wrong. bitcoin is something diffrent. bitcoin is created against these markets. Bitcoin will never be a paper and will never be controlled by an authority. So let's accept bitcoin is not only a money and not to compare anything. Maybe it will be accepted by the goverment is one day but not as a currency to trade.
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 personally do not think we can compare the dollar with BTC, at least because of the huge difference in the volatility of the two currencies. But there may be some little resemblance between them. I'm not sure
Bitcoin can become a world currency and such a transition is inevitable over time. Simply crypto currency needs a little more time to develop.
You mean like both as primary used for buying and selling other stuff. That could be the nearest definition I could get to your post. But I think that is a yes for me.
Buying altcoins and even Ethereum which have a large value by now will go to the Bitcoin path. There is not much exchange who prefers dollar to ETH or altcoin. It is only USD to BTC. So I guess it could really be the primary money here in the crypto world, and also the most popular just like USD.
Buying altcoins and even Ethereum which have a large value by now will go to the Bitcoin path. There is not much exchange who prefers dollar to ETH or altcoin. It is only USD to BTC. So I guess it could really be the primary money here in the crypto world, and also the most popular just like USD.
As you explain and see how things can be said to be equivalent. But Bitcoin is quite different.
Absence of any kind of material basis is the main thing that, according to many experts, will not allow the crypto currency to become a full-fledged means of payment.
Bitcoin can be a good tool for speculative investment, but it is not a tool for reliable calculations, savings or the equivalent of value.
Bitcoin is not money in the classical sense. From the classical properties of money - absolute liquidity, the ability to measure the value of goods and the preservation of value - it is stretched to a stretch corresponds only to the first.
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