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chaser15

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Quote from: Vaskiy on April 06, 2016, 04:35:10 AM

it's not that bitcoin always depends on the dollar, most people around the world use both because may be after years when everything can be bought under online, people use bitcoin for online purchases. The only thing matters is bitcoin is digital currency and dollar is real money.

I see no change in terms of the payment method that will be used for online purchases.

The rates of using dollar and bitcoin will not be that much has large margin of users even in the future.

Vaskiy

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Activity: 2646

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Quote from: BitHodler on April 06, 2016, 03:57:51 AM

Quote from: Newcoins2020 on April 06, 2016, 03:44:10 AM

Quote from: Altcoinsupporter on April 06, 2016, 03:01:18 AM

A lot of people is using both, but if you want to know which one will longer exist in the future than you will know that Bitcoin will have a better future because that is digital money.
And if you can buy more things online than Dollar will be maybe useless after some 20 years and indeed there are of course a lot of people that will still use Dollar.

They use Dollar with some reasons, it can be that they dont like to use Bitcoin or they dont trust it.

Indeed, the bitcoin has a better future because its digital but I think this can also be a disadvantage because its only digital and banks and other currency's will be both in the future so I do not know what to expect honestly.
I think the dollar will win because its just too big and the bitcoin is depending on the dollar, without the dollar the bitcoin will lower in price.

Nowadays people in well developed countries are using their smartphones to pay for stuff everywhere. It basically makes fiat some sort of a digital currency as well.

Dollar vs Bitcoin doesn't exist since Bitcoin needs the Dollar since it's tied to that currency at the moment. Everything in the world is tied to the Dollar. It's Bitcoin that depends on Dollar and not the other way around.

it's not that bitcoin always depends on the dollar, most people around the world use both because may be after years when everything can be bought under online, people use bitcoin for online purchases. The only thing matters is bitcoin is digital currency and dollar is real money.

BitHodler

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Activity: 1526

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Quote from: Newcoins2020 on April 06, 2016, 03:44:10 AM

Quote from: Altcoinsupporter on April 06, 2016, 03:01:18 AM

A lot of people is using both, but if you want to know which one will longer exist in the future than you will know that Bitcoin will have a better future because that is digital money.
And if you can buy more things online than Dollar will be maybe useless after some 20 years and indeed there are of course a lot of people that will still use Dollar.

They use Dollar with some reasons, it can be that they dont like to use Bitcoin or they dont trust it.

Indeed, the bitcoin has a better future because its digital but I think this can also be a disadvantage because its only digital and banks and other currency's will be both in the future so I do not know what to expect honestly.
I think the dollar will win because its just too big and the bitcoin is depending on the dollar, without the dollar the bitcoin will lower in price.

Nowadays people in well developed countries are using their smartphones to pay for stuff everywhere. It basically makes fiat some sort of a digital currency as well.

Dollar vs Bitcoin doesn't exist since Bitcoin needs the Dollar since it's tied to that currency at the moment. Everything in the world is tied to the Dollar. It's Bitcoin that depends on Dollar and not the other way around.

AzibLala007

newbie

Activity: 56

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yes ofcourse if bitcoin is not equal to dollars then it is not good.
and their systen is failing.

Newcoins2020

sr. member

Activity: 406

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Quote from: Altcoinsupporter on April 06, 2016, 03:01:18 AM

A lot of people is using both, but if you want to know which one will longer exist in the future than you will know that Bitcoin will have a better future because that is digital money.
And if you can buy more things online than Dollar will be maybe useless after some 20 years and indeed there are of course a lot of people that will still use Dollar.

They use Dollar with some reasons, it can be that they dont like to use Bitcoin or they dont trust it.

Indeed, the bitcoin has a better future because its digital but I think this can also be a disadvantage because its only digital and banks and other currency's will be both in the future so I do not know what to expect honestly.
I think the dollar will win because its just too big and the bitcoin is depending on the dollar, without the dollar the bitcoin will lower in price.

Altcoinsupporter

sr. member

Activity: 364

Merit: 250

A lot of people is using both, but if you want to know which one will longer exist in the future than you will know that Bitcoin will have a better future because that is digital money.
And if you can buy more things online than Dollar will be maybe useless after some 20 years and indeed there are of course a lot of people that will still use Dollar.

They use Dollar with some reasons, it can be that they dont like to use Bitcoin or they dont trust it.

avw1982

hero member

Activity: 644

Merit: 500

Quote from: avikz on April 05, 2016, 11:15:31 PM

To answer the man question, yes, if majority of the people is holding the bitcoin and not transacting with it, how deflating can happen?? I think, u wanted to mean how to inflating can happen and not deflating.

Those who are holding their bitcoin, is hoping for price increase so they do not want deflation to happen with bitcoin. But please remember, bitcoin is being mined worldwide and hence the total numbers of bitcoin is increasing day by day. So holding on to bitcoin is not a problem as of now. But we all know, that the supply of bitcoin is limited and it will not available to mine after 2022, so who understands the demand supply chain, will hold on to the major portion of their bitcoin. Because when the supply will be exhausted, and the demand will be strong, bitcoin price will increase manifold.

Hope this explanation helps!

According to me! The difference between bitcoin and US dollar or other fiat is that there is unknown supplied supply of fiat, it is not easy to plan our financial position as we do not know the money supply. There is known supply of bitcoin.

avikz

legendary

Activity: 3080

Merit: 1500

To answer the man question, yes, if majority of the people is holding the bitcoin and not transacting with it, how deflating can happen?? I think, u wanted to mean how to inflating can happen and not deflating.

Those who are holding their bitcoin, is hoping for price increase so they do not want deflation to happen with bitcoin. But please remember, bitcoin is being mined worldwide and hence the total numbers of bitcoin is increasing day by day. So holding on to bitcoin is not a problem as of now. But we all know, that the supply of bitcoin is limited and it will not available to mine after 2022, so who understands the demand supply chain, will hold on to the major portion of their bitcoin. Because when the supply will be exhausted, and the demand will be strong, bitcoin price will increase manifold.

Hope this explanation helps!

peta4e

hero member

Activity: 672

Merit: 500

Quote from: Dr.Osh on April 01, 2016, 11:08:35 AM

Quote from: delliaerd on April 01, 2016, 10:38:44 AM

Quote from: nejibens on April 01, 2016, 10:27:04 AM

I prefer to use uᴉoɔʇᴉq instead fiat and Dollar, but in fact we found ourselves forced to use Dollar a lot more than using uᴉoɔʇᴉq

The mainstream reason that happens is people who accepting dollars more much than accepting uᴉoɔʇᴉq so we forced use dollars than uᴉoɔʇᴉq. From the aspect popularity uᴉoɔʇᴉq not yet compared with dollars . But in my opinion uᴉoɔʇᴉq gives me many feature than dollars does.

yes, for uᴉoɔʇᴉq users may uᴉoɔʇᴉq is best because it has helped many of our lives. but for the general public, they prefer the dollar rather than uᴉoɔʇᴉq, the reason being that they already trust and are accustomed to using the dollar

Yes using physical money is very much easy for them as they are used to it and using since long time so they will always prefer to use dollar and not bitcoin.

Dr.Osh

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Quote from: delliaerd on April 01, 2016, 10:38:44 AM

Quote from: nejibens on April 01, 2016, 10:27:04 AM

I prefer to use uᴉoɔʇᴉq instead fiat and Dollar, but in fact we found ourselves forced to use Dollar a lot more than using uᴉoɔʇᴉq

The mainstream reason that happens is people who accepting dollars more much than accepting uᴉoɔʇᴉq so we forced use dollars than uᴉoɔʇᴉq. From the aspect popularity uᴉoɔʇᴉq not yet compared with dollars . But in my opinion uᴉoɔʇᴉq gives me many feature than dollars does.

yes, for bitcoin users may bitcoin is best because it has helped many of our lives. but for the general public, they prefer the dollar rather than bitcoin, the reason being that they already trust and are accustomed to using the dollar

delliaerd

hero member

Activity: 672

Merit: 500

Quote from: nejibens on April 01, 2016, 10:27:04 AM

I prefer to use uᴉoɔʇᴉq instead fiat and Dollar, but in fact we found ourselves forced to use Dollar a lot more than using uᴉoɔʇᴉq

The mainstream reason that happens is people who accepting dollars more much than accepting bitcoin so we forced use dollars than bitcoin. From the aspect popularity bitcoin not yet compared with dollars . But in my opinion bitcoin gives me many feature than dollars does.

nejibens

hero member

Activity: 672

Merit: 500

I prefer to use Bitcoin instead fiat and Dollar, but in fact we found ourselves forced to use Dollar a lot more than using Bitcoin

co5hike

hero member

Activity: 798

Merit: 1000

Quote from: Lokfar on April 01, 2016, 09:42:06 AM

Quote from: greghansel89 on April 01, 2016, 06:32:36 AM

Quote from: ajun96 on April 01, 2016, 06:08:36 AM

Quote from: Bazelak on March 31, 2016, 04:29:56 AM

Quote from: MaritiJames3 on March 22, 2016, 03:50:38 PM

The uᴉoɔʇᴉq could win at the end of the journey but right now the dollar is just too big to do this.
It would take many years to achieve this mission.

The uᴉoɔʇᴉq or other crypto currencies might win in a few decades. But the fiat will still be there for long time.

I think it's hard to uᴉoɔʇᴉq can win against the dollar or fiat. I'd be a little unsure if uᴉoɔʇᴉq can win at online currency
but to dominate in payment or currency offline. I'm not sure uᴉoɔʇᴉq can match fiat or dollars.
we should recognize that. our own as uᴉoɔʇᴉq users still rely on fiat or dollars

I consider uᴉoɔʇᴉq as an online payment and just used for online use and will still use fiat or may local currency in my everyday living.

You can buy anything with credit card and Paypal at a moment and there are more users of it in compare to bitcoins and dollar will always be used more in future too.
Yes indeed, you can use uᴉoɔʇᴉq online and that is now the time that it is perfect for uᴉoɔʇᴉq, because you can buy a lot of things online.
And that is not possible for Dollar so that is quite bad, that is why uᴉoɔʇᴉq is now becoming more popular.

Hashminers

sr. member

Activity: 336

Merit: 250

Quote from: Lokfar on April 01, 2016, 09:42:06 AM

Quote from: greghansel89 on April 01, 2016, 06:32:36 AM

Quote from: ajun96 on April 01, 2016, 06:08:36 AM

Quote from: Bazelak on March 31, 2016, 04:29:56 AM

Quote from: MaritiJames3 on March 22, 2016, 03:50:38 PM

The uᴉoɔʇᴉq could win at the end of the journey but right now the dollar is just too big to do this.
It would take many years to achieve this mission.

The uᴉoɔʇᴉq or other crypto currencies might win in a few decades. But the fiat will still be there for long time.

I think it's hard to uᴉoɔʇᴉq can win against the dollar or fiat. I'd be a little unsure if uᴉoɔʇᴉq can win at online currency
but to dominate in payment or currency offline. I'm not sure uᴉoɔʇᴉq can match fiat or dollars.
we should recognize that. our own as uᴉoɔʇᴉq users still rely on fiat or dollars

I consider uᴉoɔʇᴉq as an online payment and just used for online use and will still use fiat or may local currency in my everyday living.

The bitcoin is getting more popular but still not as popular other currency's are till than the dollar will win easy and the fact is also that the dollar is way bigger, there are too many people depending on the dollar it will never disappear in my eyes.
The bitcoin just has to grow and has to try it but I think it will not succeed honestly.
Yes indeed, you can use uᴉoɔʇᴉq online and that is now the time that it is perfect for uᴉoɔʇᴉq, because you can buy a lot of things online.
And that is not possible for Dollar so that is quite bad, that is why uᴉoɔʇᴉq is now becoming more popular.

Lokfar

sr. member

Activity: 364

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Quote from: greghansel89 on April 01, 2016, 06:32:36 AM

Quote from: ajun96 on April 01, 2016, 06:08:36 AM

Quote from: Bazelak on March 31, 2016, 04:29:56 AM

Quote from: MaritiJames3 on March 22, 2016, 03:50:38 PM

The uᴉoɔʇᴉq could win at the end of the journey but right now the dollar is just too big to do this.
It would take many years to achieve this mission.

The uᴉoɔʇᴉq or other crypto currencies might win in a few decades. But the fiat will still be there for long time.

I think it's hard to uᴉoɔʇᴉq can win against the dollar or fiat. I'd be a little unsure if uᴉoɔʇᴉq can win at online currency
but to dominate in payment or currency offline. I'm not sure uᴉoɔʇᴉq can match fiat or dollars.
we should recognize that. our own as uᴉoɔʇᴉq users still rely on fiat or dollars

I consider bitcoin as an online payment and just used for online use and will still use fiat or may local currency in my everyday living.

Yes indeed, you can use Bitcoin online and that is now the time that it is perfect for Bitcoin, because you can buy a lot of things online.
And that is not possible for Dollar so that is quite bad, that is why Bitcoin is now becoming more popular.

terman45x

hero member

Activity: 840

Merit: 1000

Quote from: romero121 on April 01, 2016, 08:06:42 AM

Quote from: benmartin613 on March 31, 2016, 07:22:02 AM

Quote from: stromma44 on March 31, 2016, 07:00:47 AM

Quote from: BTCLovingDude on March 31, 2016, 06:43:48 AM

Quote from: tewd22 on March 31, 2016, 05:53:54 AM

Quote from: BitHodler on March 31, 2016, 05:29:44 AM

Quote from: Zuminest on March 31, 2016, 05:22:48 AM

one of the biggest problem with dollar is inflation.. over time all currencies lose purchasing power because government keep printing more money.. with uᴉoɔʇᴉq you don't have this problem because the system is designed to make moondollars to be finite.. only about 21 million moondollars will ever be released.. the release of new moondollars is slowly down and it will stop completely within few decades..

No matter how much value fiat currencies are losing after years, people will continue to use it without thinking about the consequences.

These people are like sheeps. They do what their other fellow human being is doing.

uᴉoɔʇᴉq is not money, while the dollar is money.
Both have a different role and if I may say both have their world, respectively.

uᴉoɔʇᴉq might be used more as an investment like gold but also at the same time uᴉoɔʇᴉq can and is being used as a currency (money) too.

maybe your definition of money is off, but as long as you can pay for stuff with uᴉoɔʇᴉq, it can be considered as money.

It is a currency and no doubt we cannot spend it directly, we need to convert it to fiat first and then spend to buy what we want, but dollar is more powerful then uᴉoɔʇᴉq.

Yup dollar is more powerful that uᴉoɔʇᴉq because dollar can buy anything and everything but uᴉoɔʇᴉq can only do transaction via internet and can penetrate the offline market.

Yeah, Agreed dollar is more powerful and it has provided all features similar to uᴉoɔʇᴉq. But when days pass and everything goes digital uᴉoɔʇᴉq will occupy a place equal to dollar.

Yes dollar is more popular now and it will be more in future too, bitcoin still needs a time to reach to that level of dollar, and it can reach there only if adoption is higher.

romero121

legendary

Activity: 3234

Merit: 1214

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Quote from: benmartin613 on March 31, 2016, 07:22:02 AM

Quote from: stromma44 on March 31, 2016, 07:00:47 AM

Quote from: BTCLovingDude on March 31, 2016, 06:43:48 AM

Quote from: tewd22 on March 31, 2016, 05:53:54 AM

Quote from: BitHodler on March 31, 2016, 05:29:44 AM

Quote from: Zuminest on March 31, 2016, 05:22:48 AM

one of the biggest problem with dollar is inflation.. over time all currencies lose purchasing power because government keep printing more money.. with uᴉoɔʇᴉq you don't have this problem because the system is designed to make moondollars to be finite.. only about 21 million moondollars will ever be released.. the release of new moondollars is slowly down and it will stop completely within few decades..

No matter how much value fiat currencies are losing after years, people will continue to use it without thinking about the consequences.

These people are like sheeps. They do what their other fellow human being is doing.

uᴉoɔʇᴉq is not money, while the dollar is money.
Both have a different role and if I may say both have their world, respectively.

uᴉoɔʇᴉq might be used more as an investment like gold but also at the same time uᴉoɔʇᴉq can and is being used as a currency (money) too.

maybe your definition of money is off, but as long as you can pay for stuff with uᴉoɔʇᴉq, it can be considered as money.

It is a currency and no doubt we cannot spend it directly, we need to convert it to fiat first and then spend to buy what we want, but dollar is more powerful then uᴉoɔʇᴉq.

Yup dollar is more powerful that uᴉoɔʇᴉq because dollar can buy anything and everything but uᴉoɔʇᴉq can only do transaction via internet and can penetrate the offline market.

Yeah, Agreed dollar is more powerful and it has provided all features similar to bitcoin. But when days pass and everything goes digital bitcoin will occupy a place equal to dollar.

Kurohige

member

Activity: 98

Merit: 11

Why give a battle between these two currencies. Lets face it. Without dollar bitcoin is useless in terms of high value we can get. If bitcoin will dominate dollar the only thing we can get is the no hassle transaction that bitcoin is giving us.

greghansel89

member

Activity: 70

Merit: 10

Quote from: ajun96 on April 01, 2016, 06:08:36 AM

Quote from: Bazelak on March 31, 2016, 04:29:56 AM

Quote from: MaritiJames3 on March 22, 2016, 03:50:38 PM

The uᴉoɔʇᴉq could win at the end of the journey but right now the dollar is just too big to do this.
It would take many years to achieve this mission.

The uᴉoɔʇᴉq or other crypto currencies might win in a few decades. But the fiat will still be there for long time.

I think it's hard to uᴉoɔʇᴉq can win against the dollar or fiat. I'd be a little unsure if uᴉoɔʇᴉq can win at online currency
but to dominate in payment or currency offline. I'm not sure uᴉoɔʇᴉq can match fiat or dollars.
we should recognize that. our own as uᴉoɔʇᴉq users still rely on fiat or dollars

I consider bitcoin as an online payment and just used for online use and will still use fiat or may local currency in my everyday living.

ajun96

hero member

Activity: 658

Merit: 500

Quote from: Bazelak on March 31, 2016, 04:29:56 AM

Quote from: MaritiJames3 on March 22, 2016, 03:50:38 PM

The bitcoin could win at the end of the journey but right now the dollar is just too big to do this.
It would take many years to achieve this mission.

The bitcoin or other crypto currencies might win in a few decades. But the fiat will still be there for long time.

I think it's hard to bitcoin can win against the dollar or fiat. I'd be a little unsure if bitcoin can win at online currency
but to dominate in payment or currency offline. I'm not sure bitcoin can match fiat or dollars.
we should recognize that. our own as bitcoin users still rely on fiat or dollars

Topic: UPDATE - page 13. (Read 41038 times)