USD vs BTC - page 34. | Bitcointalksearch.org

MFahad

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Quote from: marketone on May 20, 2017, 08:58:08 AM

Quote from: CataloniaFM on May 20, 2017, 08:29:38 AM

Quote from: KingdomHearts on May 01, 2016, 04:52:44 AM

is bitcoin more popular than US Dollar ?

Even a year after the post, bitcoin did not become more popular than the US dollar, because there are still many people who have not even heard of it.

Yes, there are chances that it will become popular when more people are using it and already year after year many people start buying bitcoin. It only indicates that the price of bitcoin is kept increasing because new people entering into bitcoin community.

No, bitcoin is not popular like dollar, and bitcoin can't comparison with the dollar.
Every child know about the dollar but not every young man know about the bitcoin.
I give your example, in my country only 1% people know about bitcoin out of 100%.
But dollar is too much popular in my country.
Therefore, i can't think that now and also in future bitcoin will be more popular than US Dollar.
Bitcoin Price is high, it is other reason.

Ayiranorea

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USD and BTC have almost similar characteristics, but the backing system behind the value addition to each coin makes the difference. USD is backed by a central authority whereas BTC is backed by a technology which function of its own.

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Quote from: CataloniaFM on May 20, 2017, 08:29:38 AM

Quote from: KingdomHearts on May 01, 2016, 04:52:44 AM

is bitcoin more popular than US Dollar ?

Even a year after the post, bitcoin did not become more popular than the US dollar, because there are still many people who have not even heard of it.

It is because that bitcoin is still on its early age and dollar is established a lot of years already. But I know there will be the time thay everyone will talk about bitcoin and it is the one that will be used by everybody. And there's no need for bitcoin to becone popular, it will just happen suddenly.

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Quote from: sergio red on May 20, 2017, 01:39:34 PM

It's insane.
I think there is huge difference between Bitcoin and USD. It's looks like compare between tiger and cat. Both have some same characteristics but there are huge gap between them. USD has already made a massive platform on the other hand, in comparison with USD, Bitcoin is a newbie.
So it should not be comparable right now.

Great statement, i agree to that. Bitcoin and USD has a lot of huge difference and the only thing that they are the same is they can both use as a money while the rest is a very huge difference like the USD is already well established and a lot of country already know USD because it is one of the very first kind of money while bitcoin is just getting started and a lot of years to come before it becomes well established.

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Quote from: Harlot on May 20, 2017, 08:21:59 AM

Quote from: SingAlong on May 20, 2017, 08:16:17 AM

Quote from: KingdomHearts on May 01, 2016, 04:52:44 AM

is bitcoin more popular than US Dollar ?

Actually I don't know what made you think that way because obviously the answer would is that USD is much popular than BTC. Try to walk in the streets whether they know USD then they will surely say yes but if you ask whether they know Bitcoin I 'll bet that there are very little who knows.

In terms of volume, USD is far ahead. In terms of popularity, USD is far ahead. In terms of usage, USD is still ahead. But who knows, Bitcoin might surpass it.

Let us add the numbers. The population of USA is 324 million not counting the USD users outside of the country meaning there is 324 million people who are guaranteed using USD as their main source of currency. Bitcoin does not even reach that number of users. Even though the price of Bitcoin is way more bigger compared to USD, it has more users because it is a legal currency of a country with a big population. Also the price of Bitcoin is valued in terms of its fiat currency equivalent, without Fiat Bitcoin would be nothing to us

Should I conclude that apples and oranges wouldn't have value to us if they weren't priced in "terms of their fiat currency equivalent"? Bitcoin simply cannot be valued in something else since its value is its value. At most, you can speak of price. Right now fiat is used for this purpose (that's true), but Bitcoin has everything in it to plow on its own (apart from minor technical issues). It was specifically conceived for that

In a nutshell, without fiat Bitcoin would be used instead of it

sergio red

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It's insane.
I think there is huge difference between Bitcoin and USD. It's looks like compare between tiger and cat. Both have some same characteristics but there are huge gap between them. USD has already made a massive platform on the other hand, in comparison with USD, Bitcoin is a newbie.
So it should not be comparable right now.

sonicwave

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Quote from: yrreg ger on May 20, 2017, 09:22:30 AM

Quote from: European Central Bank on May 01, 2016, 06:50:28 AM

Have you been locked in sensory deprivation since birth? I'm gonna guess that bitcoin is about 0.00001% as popular as the dollar.

That's true, the population of bitcoin is too small compare to USD but how about the benefits that we can get on bitcoin? This would be the advantages of btc not this time also in the future. If bitcoin become popular and if they happen that bitcoin can compete versus dollar, dollar will down.

Since bitcoin can use only in different payment transactions, difference is bitcoin can earn around the world.

This crypto currecy will use also in business and most of the countries want to deal the benefits and the big profit that they get in bitcoin.

Dollars and Bitcoin are very much tied up today and it's primarily due to the fact that everyone is trying to earn dollars thanks to Bitcoin. I do not think that the dollar can shake the use of real currency in a particular country or in the world. Bitcoin is a digital currency or a good investment and as a real money Bitcoin is better not to use.

yrreg ger

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Quote from: European Central Bank on May 01, 2016, 06:50:28 AM

Have you been locked in sensory deprivation since birth? I'm gonna guess that bitcoin is about 0.00001% as popular as the dollar.

That's true, the population of bitcoin is too small compare to USD but how about the benefits that we can get on bitcoin? This would be the advantages of btc not this time also in the future. If bitcoin become popular and if they happen that bitcoin can compete versus dollar, dollar will down.

Since bitcoin can use only in different payment transactions, difference is bitcoin can earn around the world.

This crypto currecy will use also in business and most of the countries want to deal the benefits and the big profit that they get in bitcoin.

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Quote from: CataloniaFM on May 20, 2017, 08:29:38 AM

Quote from: KingdomHearts on May 01, 2016, 04:52:44 AM

is bitcoin more popular than US Dollar ?

Even a year after the post, bitcoin did not become more popular than the US dollar, because there are still many people who have not even heard of it.

Exactly and majority of those who hear about this are not interested, it is only now that I see some interest on bitcoin from different sectors and group of people as we can obviously tell due to the surging price. We are going to break the $2,000 anytime from now so it is another big headlines will come then.
Actually it is the business minded people are more interested in bitcoin rather than the ordinary people but of course we cannot compared bitcoin to Dollar as we already know which is more powerful and popular.

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Quote from: CataloniaFM on May 20, 2017, 08:29:38 AM

Quote from: KingdomHearts on May 01, 2016, 04:52:44 AM

is bitcoin more popular than US Dollar ?

Even a year after the post, bitcoin did not become more popular than the US dollar, because there are still many people who have not even heard of it.

Yes, there are chances that it will become popular when more people are using it and already year after year many people start buying bitcoin. It only indicates that the price of bitcoin is kept increasing because new people entering into bitcoin community.

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Quote from: CataloniaFM on May 20, 2017, 08:29:38 AM

Quote from: KingdomHearts on May 01, 2016, 04:52:44 AM

is bitcoin more popular than US Dollar ?

Even a year after the post, bitcoin did not become more popular than the US dollar, because there are still many people who have not even heard of it.

Anyone expecting a world-wide replacement and the upheaval that would require wasn't exactly grounded in reality to start. The world is too large and too complex to change that quickly. I do not believe Bitcoin will ever replace fiat, for technical and political reasons, but I also never believed Bitcoin would reach $2000, either, so I continue to be surprised by the heights it has reached. World-wide currency revolution- still ruling it out.

kpcian

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If you want to compare USD with Bitcoin then that would be insane, USD is far more popular and acceptable forms of money, though Bitcoin is getting bigger day by day but it has to go long long way to touch the level of USD.
I think USD is 100 times more preferable and acceptable to Bitcoin. So, time hasn't come to compare Bitcoin with USD.

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Quote from: KingdomHearts on May 01, 2016, 04:52:44 AM

is bitcoin more popular than US Dollar ?

Even a year after the post, bitcoin did not become more popular than the US dollar, because there are still many people who have not even heard of it.

Harlot

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Quote from: SingAlong on May 20, 2017, 08:16:17 AM

Quote from: KingdomHearts on May 01, 2016, 04:52:44 AM

is bitcoin more popular than US Dollar ?

Actually I don't know what made you think that way because obviously the answer would is that USD is much popular than BTC. Try to walk in the streets whether they know USD then they will surely say yes but if you ask whether they know Bitcoin I 'll bet that there are very little who knows.

In terms of volume, USD is far ahead. In terms of popularity, USD is far ahead. In terms of usage, USD is still ahead. But who knows, Bitcoin might surpass it.

Let us add the numbers. The population of USA is 324 million not counting the USD users outside of the country meaning there is 324 million people who are guaranteed using USD as their main source of currency. Bitcoin does not even reach that number of users. Even though the price of Bitcoin is way more bigger compared to USD, it has more users because it is a legal currency of a country with a big population. Also the price of Bitcoin is valued in terms of its fiat currency equivalent, without Fiat Bitcoin would be nothing to us.

SingAlong

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Quote from: KingdomHearts on May 01, 2016, 04:52:44 AM

is bitcoin more popular than US Dollar ?

Actually I don't know what made you think that way because obviously the answer would is that USD is much popular than BTC. Try to walk in the streets whether they know USD then they will surely say yes but if you ask whether they know Bitcoin I 'll bet that there are very little who knows.

In terms of volume, USD is far ahead. In terms of popularity, USD is far ahead. In terms of usage, USD is still ahead. But who knows, Bitcoin might surpass it.

frowsiter

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It's kind of tricky. People love bitcoin as well as use USD for real life living. So they can not rely completely on bitcoin. So they love the USD and care about earning more and more bitcoin because they are ultimately creating wealth for themselves. It is not necessary which one is great or which one people mostly prefer. The users of USD and bitcoin or almost same but depending upon age groups we may get answer that USD is more popular as young generation is more into it and young generation is not much as compared to other groups.

makolz26

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Quote from: reuschman on May 20, 2017, 05:47:16 AM

it's funny.
bitcoin is a virtual currency and it has been created for several years before, on the other hand, USD is massive. it's popularity, acceptability and credibility are unimaginable then bitcoin. in the current world, USD dominates all over the world in the monetary system, so bitcoin should not be compared with USD right now.

We should have both of them, they have different function so no need to choose what is better, of course majority would still choose USD if ever given the chance to choose, bitcoin is only an alternative way to earn and to transact things easily, a good one but still we need our local currency not only bitcoin.

reuschman

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it's funny.
bitcoin is a virtual currency and it has been created for several years before, on the other hand, USD is massive. it's popularity, acceptability and credibility are unimaginable then bitcoin. in the current world, USD dominates all over the world in the monetary system, so bitcoin should not be compared with USD right now.

tittensor

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LOL, are you kidding? There is never a better BTC story than USD, because Bitcoin's value is also calculate the value of USD, USD is the world's third largest currency, popularity is also considered as world number one. Bitcoin is only a popular digital currency on the internet community a few year ago, but the security level is not comparable to the USD. In the distant future, BTC may continue to increase but never good more than USD if applied in direct or actual dealings, I am sure of that. But if talking about internet deals, BTC or Cryptocurrencie may be the most powerful than Internet Banking or USD

Jewell

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Quote from: stephanirain on May 12, 2017, 05:46:42 AM

Quote from: KingdomHearts on May 01, 2016, 04:52:44 AM

is bitcoin more popular than US Dollar ?

No i don't think so that bitcoin is more popular than US Dollar because there are more people who use US Dollar than bitcoin. If bitcoin is more popular than US Dollar them we can use it around the world without converting it in a real money but we can't do that because US Dollar is still more popular than bitcoin and there are still people who still do not use and know about bitcoin.

yes that is reality that currently USD is more popular than bitcon but i think there is a huge difference between the age of bitcoin and USD, bitcoin is very young as compare to USD, and we can see that the users of bitcoin are increasing more and more and hope that very soon all the people will be using bitcoin which will really effect the use of bitcoin too much.

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