USD vs BTC - page 37. | Bitcointalksearch.org

cotton ball

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Quote from: Sled on April 23, 2017, 11:52:13 PM

Quote from: cryp24x on April 23, 2017, 06:11:15 PM

Quote from: Ipwich on April 20, 2017, 10:03:00 PM

Quote from: TimeManLove on April 20, 2017, 03:38:30 PM

I do not understand why I should compare these currencies. The dollar is for the government, and bitcoin is for the people. So it was from the very beginning of the existence of bitcoin. And bitcoin will never replace the dollar

Dollar is for the people also and it is the most popular currency in the world IMO, bitcoin is for the humanity but not all
will be able to adopt with it especially if it is not supported by the government.

They are both used by the people and I do not think that they are for the people. Bitcoin is definitely created not for people but rather oppose the financial system where centralization is observed. While USD is created so that government will have a distinction when it comes to currency. I won't make this two compete since they have each features and advantages. Beside we can always use both whenever we want.

I agree that bitcoin and usd have a different advantages and features and we don't need to compare the two and just use one of them because we can both use them in different instances like in investment and doing payment because most of the times usd is accepted as a payment while bitcoin has an advantage to pay in most of the online stores with a cheap fee and faster transaction, so we can see that they have differences and we don't need to remove one of them.

Precisely because bitcoin is made different I can freely choose the financial system that I use, if bitcoin is set, everyone's attention will return to fiat and the majority of bitcoin volume will shrink, so far I have the convenience to own and use both. But I also do not refuse if bitcoin will be regulated, we also need bitcoin recognized as legal tender.

Sled

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Quote from: cryp24x on April 23, 2017, 06:11:15 PM

Quote from: Ipwich on April 20, 2017, 10:03:00 PM

Quote from: TimeManLove on April 20, 2017, 03:38:30 PM

I do not understand why I should compare these currencies. The dollar is for the government, and bitcoin is for the people. So it was from the very beginning of the existence of bitcoin. And bitcoin will never replace the dollar

Dollar is for the people also and it is the most popular currency in the world IMO, bitcoin is for the humanity but not all
will be able to adopt with it especially if it is not supported by the government.

They are both used by the people and I do not think that they are for the people. Bitcoin is definitely created not for people but rather oppose the financial system where centralization is observed. While USD is created so that government will have a distinction when it comes to currency. I won't make this two compete since they have each features and advantages. Beside we can always use both whenever we want.

I agree that bitcoin and usd have a different advantages and features and we don't need to compare the two and just use one of them because we can both use them in different instances like in investment and doing payment because most of the times usd is accepted as a payment while bitcoin has an advantage to pay in most of the online stores with a cheap fee and faster transaction, so we can see that they have differences and we don't need to remove one of them.

cryp24x

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Quote from: Ipwich on April 20, 2017, 10:03:00 PM

Quote from: TimeManLove on April 20, 2017, 03:38:30 PM

I do not understand why I should compare these currencies. The dollar is for the government, and bitcoin is for the people. So it was from the very beginning of the existence of bitcoin. And bitcoin will never replace the dollar

Dollar is for the people also and it is the most popular currency in the world IMO, bitcoin is for the humanity but not all
will be able to adopt with it especially if it is not supported by the government.

They are both used by the people and I do not think that they are for the people. Bitcoin is definitely created not for people but rather oppose the financial system where centralization is observed. While USD is created so that government will have a distinction when it comes to currency. I won't make this two compete since they have each features and advantages. Beside we can always use both whenever we want.

boyptc

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Quote from: BitcoinMarshal on April 23, 2017, 05:14:44 PM

Quote from: loyalsenok2012 on April 23, 2017, 01:31:33 PM

Quote from: ekoice on April 23, 2017, 09:29:57 AM

Quote from: KingdomHearts on May 01, 2016, 03:52:44 AM

is bitcoin more popular than US Dollar ?

No,US has been here from many years.It is the global reserve currency.Petroleum is sold only in dollars.But bitcoin has been here since eight years only.It has to go a long run before it gets known to all people.So,it would take years to get popular than US Dollars.

I agree with you. The dollar will never give way to bitcoin. He was already for many years. And so it will be for a long time. It is protected by the government, and bitcoin is not

This is never been good compare because both have their own value USD is doing around the world for many countries and bitcoin is never been like this even in near future because many countries officially using USD for trade no country doing this with bitcoin

Yeah we shouldn't compare these good currencies as we are both enjoying them earning, we earn bitcoin, we earn dollars. They are both beneficial to all of us because most of the time the profit that we are earning that needs to exchange with dollar. USD is no doubt trusted by the whole nation but btc is still needs to go a long run.

BitcoinMarshal

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Quote from: loyalsenok2012 on April 23, 2017, 01:31:33 PM

Quote from: ekoice on April 23, 2017, 09:29:57 AM

Quote from: KingdomHearts on May 01, 2016, 03:52:44 AM

is bitcoin more popular than US Dollar ?

No,US has been here from many years.It is the global reserve currency.Petroleum is sold only in dollars.But bitcoin has been here since eight years only.It has to go a long run before it gets known to all people.So,it would take years to get popular than US Dollars.

I agree with you. The dollar will never give way to bitcoin. He was already for many years. And so it will be for a long time. It is protected by the government, and bitcoin is not

This is never been good compare because both have their own value USD is doing around the world for many countries and bitcoin is never been like this even in near future because many countries officially using USD for trade no country doing this with bitcoin

MMA

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Quote from: Ipwich on April 20, 2017, 10:03:00 PM

Quote from: TimeManLove on April 20, 2017, 03:38:30 PM

I do not understand why I should compare these currencies. The dollar is for the government, and bitcoin is for the people. So it was from the very beginning of the existence of bitcoin. And bitcoin will never replace the dollar

Dollar is for the people also and it is the most popular currency in the world IMO, bitcoin is for the humanity but not all
will be able to adopt with it especially if it is not supported by the government.

i think we shobuld not compare bitcoin with USD as bitcoin is online digital and universal decentralize currency, while USD is regional, physical currency belonging to specific area. bitcoin is very new as compare to USD. bitcoin will still take some good time to become more and more popular because currency most of the people of the world still do not know anything about bitcoin. i think they still need good information about bitcoin.

loyalsenok2012

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Quote from: ekoice on April 23, 2017, 09:29:57 AM

Quote from: KingdomHearts on May 01, 2016, 03:52:44 AM

is bitcoin more popular than US Dollar ?

No,US has been here from many years.It is the global reserve currency.Petroleum is sold only in dollars.But bitcoin has been here since eight years only.It has to go a long run before it gets known to all people.So,it would take years to get popular than US Dollars.

I agree with you. The dollar will never give way to bitcoin. He was already for many years. And so it will be for a long time. It is protected by the government, and bitcoin is not

darthmaul

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Quote from: Bought on May 01, 2016, 04:54:34 AM

Quote from: Cashew on May 01, 2016, 04:50:17 AM

It is not more popular but what's sure is it's safer, better and pricier. Invest in bitcoin when you still can before Bitcoin take the leading role Wink

!

The supply of bitcoin is also much smaller than usd, As far as im aware usd can have practically an unlimited amount so is valued somewhat differently to bitcoin.

Agreed. Bitcoin is smaller but popular in terms of safety and not to forget heavy transactions. USD transaction would cost you surcharges and taxes to be paid on document. However you can save little of that if you transfer money in terms of bitcoins. People do not need any identification or chaotic documentation process to get such transaction done. So bitcoin or USD both have more or less same popularity, it's just about personal choice I believe. :-)

ekoice

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Quote from: KingdomHearts on May 01, 2016, 03:52:44 AM

is bitcoin more popular than US Dollar ?

No,US has been here from many years.It is the global reserve currency.Petroleum is sold only in dollars.But bitcoin has been here since eight years only.It has to go a long run before it gets known to all people.So,it would take years to get popular than US Dollars.

DrGuns4Hands

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nope there's still a lot of bunch of people don't know about bitcoin. so USD still popular than btc since it's the main currency because it can be exchange in different countries and also you can use it on some store that accepting that kind of currency one thing about USD it's been one and only currency that needed to be compare in your own country currency if im not wrong and also bitcoin is a crypto currency that's why it's not quite popular. but soon it will

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Quote from: TimeManLove on April 20, 2017, 03:38:30 PM

I do not understand why I should compare these currencies. The dollar is for the government, and bitcoin is for the people. So it was from the very beginning of the existence of bitcoin. And bitcoin will never replace the dollar

I guess no government will agree to that

The government money is specifically made to be used by the majority of population. And Bitcoin is a face-to-face and head-to-head competitor of any government money out there. Whenever a foreign currency (just an example) enters the local markets, the government becomes very hostile toward people using that currency instead of a local one. Bitcoin is no different in this respect. In fact, it is even more dangerous since it can be transacted without using local banks which is impossible with any other foreign currency

Sanitough

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Quote from: el kaka22 on April 21, 2017, 02:47:03 AM

Quote from: TimeManLove on April 20, 2017, 03:38:30 PM

I do not understand why I should compare these currencies. The dollar is for the government, and bitcoin is for the people. So it was from the very beginning of the existence of bitcoin. And bitcoin will never replace the dollar

Actually, bitcoin was created first to give people a more convenient way to pay for online shopping and other online services, that way it replaces the other online payment method with providing a more secure way, but with more people using it and prices get higher and higher, bitcoin became a type of investment and not a way of payment so we can’t really compare it to the dollar right now, and instead we should compare it to the gold.

That's completely right, due to the limited supply and investors are thinking it will increase its value once the demand will increase,
they made it an investment and that makes them able to manipulate the price especially if they are whales. USD is just a currency and it will not increase it's value like what bitcoin achieve.

el kaka22

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Quote from: TimeManLove on April 20, 2017, 03:38:30 PM

I do not understand why I should compare these currencies. The dollar is for the government, and bitcoin is for the people. So it was from the very beginning of the existence of bitcoin. And bitcoin will never replace the dollar

Actually, bitcoin was created first to give people a more convenient way to pay for online shopping and other online services, that way it replaces the other online payment method with providing a more secure way, but with more people using it and prices get higher and higher, bitcoin became a type of investment and not a way of payment so we can’t really compare it to the dollar right now, and instead we should compare it to the gold.

Ipwich

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Quote from: TimeManLove on April 20, 2017, 03:38:30 PM

I do not understand why I should compare these currencies. The dollar is for the government, and bitcoin is for the people. So it was from the very beginning of the existence of bitcoin. And bitcoin will never replace the dollar

Dollar is for the people also and it is the most popular currency in the world IMO, bitcoin is for the humanity but not all
will be able to adopt with it especially if it is not supported by the government.

TimeManLove

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I do not understand why I should compare these currencies. The dollar is for the government, and bitcoin is for the people. So it was from the very beginning of the existence of bitcoin. And bitcoin will never replace the dollar

deisik

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Quote from: Stedsm on April 19, 2017, 08:50:55 AM

Quote from: Yanisumin on April 19, 2017, 12:01:15 AM

Quote from: J Gambler on April 18, 2017, 12:31:19 PM

Bitcoin is not that popular like Dollar does , Dollar is the stronger currency that we can use whenever where are and it no. currency in the world dollar is controling bitcoin price and bitcoin depending on dollar how if dollar will be gone is bitcoin will be gone too? What do you think people.

Of course in terms of popularity dollar has the upper hand. One of the reasons is that dollar has been around much longer than Bitcoin does. There are some people who still don't know about Bitcoin. Dollar is being backed up by world elites, it cant be brought down by average means. Nowadays, I think Bitcoin still don't stand a chance against dollar reserve.

The dependence of Bitcoin of course is not just on dollar but dollars is a great factor in bitcoins price. But it's good to know that bitcoins price is much higher than dollars price.

You said that bitcoin's price is much higher that dollar's price, I ask you why shouldn't it be?
How Bitcoin is not dependent on USD atm? It currently is dependent on fiat because it is the only way to valuate it, as well as if you see, bitcoin is being seen more as a profitable "asset" and not as a "currency", and it is decentralized which means that the value is uncertain because no one is there to control it and that's an advantage to everyone here who want to sell it for whatever price they want to

If you ask me, that's outright bullshit

And the first part of your post essentially contradicts the second part of it (emphasis added). At first you claim that Bitcoin is "currently dependent on fiat" and then you proceed to claim that its "value is uncertain". I guess you should choose which side you stick to. You should choose whether Bitcoin is actually dependent on fiat but then its value cannot possibly be uncertain, or Bitcoin value is certainly uncertain (pardon the pun) but then it can in no way depend on fiat. Make up your mind finally or stop talking complete bullshit

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Quote from: alexey199773 on April 19, 2017, 11:59:02 AM

Bitcoin will never defeat the dollar. All due to the fact that the dollar (or other national currency) is supported by the government. And bitcoins are supported by people. But the government has the authority to issue laws that will make bitcoin unprofitable. And these laws can be adopted at any time

It is not about defeating the USD, it is about upgrading it.
Yes maybe not now but eventually they will need to. Without the trust of people in their currency it will not work.
If only people would know how they are doing it and making them realize that it is just the government who is really making a profit out of fiat then they will be against it.
But just like I said before. It became traditional that they cant let go of it.

alexey199773

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Bitcoin will never defeat the dollar. All due to the fact that the dollar (or other national currency) is supported by the government. And bitcoins are supported by people. But the government has the authority to issue laws that will make bitcoin unprofitable. And these laws can be adopted at any time

Betwrong

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Quote from: Sled on April 18, 2017, 09:43:48 PM

Quote from: Betwrong on April 18, 2017, 02:18:08 PM

Quote from: goldcoinminer on April 18, 2017, 08:21:30 AM

Quote from: April2017 on April 18, 2017, 07:51:16 AM

Quote from: Pab on April 14, 2017, 02:52:32 PM

So that is easy 1200$-1BTC and grow,it is free market answer,and now dollar will weaken and btc will be more expensive

More, currently the price achieved $1210, I think this month the price will reach more than $1300 and never under $1100

Good prediction, I am also looking for a better price, now that we hit the $1,200 mark, the next journey would be easy.
I have my sell order already at $1,300 and I hope when I wake up this morning it will be filled already.

I sincerely wish you good luck because it will be good not only for you but for many of us here if Bitcoin will hit $1,300 by morning and also if you were right that BTC will never go under $1,100. Fortunately Bitfinex is no Mt.Gox regarding trading volume share so whatever will happen to it will not have a big impact on Bitcoin's price.

Yes it is possible to give impact on bitcoin price but i think there is possibility to it will have a big impact for bitcoin price because bitfinex is one of the biggest and well known bitcoin exchanger and if it will close and just shutdown then other non bitcoin users will see this news as a scam that will be accused to bitcoin and it will affect the investors that might cause for dumping their bitcoins.

First of, I don't think something really bad can happen to Bitfinex. They were not hacked like Mt.Gox was so people won't lose their money there and hence there will be no big news about it. If you check for the news about what happening to Bitfinex now you'll see that they are published mostly on Bitcoin related sites like CryptoCoinsNews, CoinTelegraph, CoinDesk etc. No major news agencies cover the subject. So, like I said, whatever happens it will not have a big impact on Bitcoin price.

Stedsm

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Quote from: Yanisumin on April 19, 2017, 12:01:15 AM

Quote from: J Gambler on April 18, 2017, 12:31:19 PM

Bitcoin is not that popular like Dollar does , Dollar is the stronger currency that we can use whenever where are and it no. currency in the world dollar is controling bitcoin price and bitcoin depending on dollar how if dollar will be gone is bitcoin will be gone too? What do you think people.

Of course in terms of popularity dollar has the upper hand. One of the reasons is that dollar has been around much longer than Bitcoin does. There are some people who still don't know about Bitcoin. Dollar is being backed up by world elites, it cant be brought down by average means. Nowadays, I think Bitcoin still don't stand a chance against dollar reserve.

The dependence of Bitcoin of course is not just on dollar but dollars is a great factor in bitcoins price. But it's good to know that bitcoins price is much higher than dollars price.

You said that bitcoin's price is much higher that dollar's price, I ask you why shouldn't it be?
How Bitcoin is not dependent on USD atm? It currently is dependent on fiat because it is the only way to valuate it, as well as if you see, bitcoin is being seen more as a profitable "asset" and not as a "currency", and it is decentralized which means that the value is uncertain because no one is there to control it and that's an advantage to everyone here who want to sell it for whatever price they want to.

Topic: USD vs BTC - page 37. (Read 121168 times)