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Topic: USD vs BTC - page 39. (Read 121168 times)

sr. member
Activity: 1988
Merit: 453
April 18, 2017, 06:25:57 AM
That's why I love to use them both and the main exchange currency for bitcoin is USD. So for us who are in bitcoin economy, this is a very important currency and most of the currencies are depending each of their economic situation with USD. And right now, when it comes to investment I'll always prefer to go with bitcoin.

The dominant position of the United States Dollar is under threat now. LTC/BTC is about to overtake USD/BTC as the most traded crypto-currency pair. ETH/BTC is also not that far behind.
~V~
newbie
Activity: 21
Merit: 0
April 18, 2017, 06:22:16 AM
Obviously not as popular as fiat currency, but I would say Bitcoin is much more efficient, and such efficiency will result in an increasingly growing user base.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
April 18, 2017, 03:21:05 AM
Highest digital currency bitcoin has good prospects, while the real currency USD which have a legal widely used in many countries, both have the same function regardless of the legality of the different

That's why I love to use them both and the main exchange currency for bitcoin is USD. So for us who are in bitcoin economy, this is a very important currency and most of the currencies are depending each of their economic situation with USD. And right now, when it comes to investment I'll always prefer to go with bitcoin.
Both USD and BTC is good for us because we can't live without them because USD or any fiat currencies are used on a daily basis which we used in most of the transactions that we are doing while bitcoin is just like an back up for us in terms of money and investment also. In choosing between those two, i will still choose bitcoin even it is not widely used in the world because soon it will, we just need to wait for more massive adoption.
legendary
Activity: 2044
Merit: 1115
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April 17, 2017, 09:13:57 PM
The good thing about bitcoin is that you can hold it and make money with it as the price goes up.

The bad thing is the constant drama.

The good thing about USD is that you can hold it and the price is stable.

The bad thing is inflation etc.

I agree with you. Each of these currencies has advantages and disadvantages. But I would not oppose these currencies. They are just different and you need to be able to use them together

One good thing about Bitcoin is that it is a new technology that has a lot of potential. The US dollar is already established and will be around for a very long time but Bitcoin is high risk but high reward if it is successful.
IMO, bitcoin is the development from the previous idea. If someone is trying to compare bitcoin against the dollar and he must realize if the main thing if bitcoin still pegged on the dollar's value. Dollar makes the bitcoin alive and has a lot of value right now. The domination of dollar give more power for bitcoin to make a domination for another currency.

The word "pegged" has a very specific meaning in this context. It means the price is fixed relative to something else. In no way is the price of Bitcoin pegged to the dollar. It floats freely and the price is determined by supply and demand. If you mean the price is dependent on the dollar having value, that's not nearly the same thing.
hero member
Activity: 3080
Merit: 603
April 17, 2017, 08:51:53 PM
Highest digital currency bitcoin has good prospects, while the real currency USD which have a legal widely used in many countries, both have the same function regardless of the legality of the different

That's why I love to use them both and the main exchange currency for bitcoin is USD. So for us who are in bitcoin economy, this is a very important currency and most of the currencies are depending each of their economic situation with USD. And right now, when it comes to investment I'll always prefer to go with bitcoin.
hero member
Activity: 3052
Merit: 685
April 17, 2017, 08:44:18 PM
Till now bitcoin is not much popular than USD because USD is almost known in very country and every people know about usd,but in case of bitcoin only people who are at online only know about that but government accepting bitcoin may increase popularity of bitcoin

I'm not sure that bitcoin will someday be as popular as the dollar. They do not need to be compared. Bitcoin is an alternative coin. Not everyone will use bitcoin. It's all about trusting
Yeah, and I don't think we can have the same trust like how people trust fiat or USD for our bitcoin, right now the number of users is relatively low compared to the users of USD which I believe the most popular legal currency in this world. Bitcoin is a success already and there is no need to think of beating USD as in the end we will need fiat to convert our bitcoins.
newbie
Activity: 36
Merit: 0
April 17, 2017, 02:54:44 PM
Till now bitcoin is not much popular than USD because USD is almost known in very country and every people know about usd,but in case of bitcoin only people who are at online only know about that but government accepting bitcoin may increase popularity of bitcoin

I'm not sure that bitcoin will someday be as popular as the dollar. They do not need to be compared. Bitcoin is an alternative coin. Not everyone will use bitcoin. It's all about trusting
legendary
Activity: 3514
Merit: 1280
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April 15, 2017, 12:18:42 AM
The good thing about bitcoin is that you can hold it and make money with it as the price goes up.

The bad thing is the constant drama.

The good thing about USD is that you can hold it and the price is stable.

The bad thing is inflation etc.

I agree with you. Each of these currencies has advantages and disadvantages. But I would not oppose these currencies. They are just different and you need to be able to use them together

One good thing about Bitcoin is that it is a new technology that has a lot of potential. The US dollar is already established and will be around for a very long time but Bitcoin is high risk but high reward if it is successful.
IMO, bitcoin is the development from the previous idea. If someone is trying to compare bitcoin against the dollar and he must realize if the main thing if bitcoin still pegged on the dollar's value. Dollar makes the bitcoin alive and has a lot of value right now. The domination of dollar give more power for bitcoin to make a domination for another currency

Saudi Arabian Rial is pegged to the dollar

I guess you should first realize what the word "pegged" actually means. Nevertheless, if you meant to say that Bitcoin somehow depends on the US dollar, you should necessarily accept that it also depends on all other currencies in which its price is quoted. Here you should start feeling doubts if your claim actually has any connection with reality and whether it is not in the same line of claims like, for example, the one which asserts that apples and oranges depend on the dollar for which they are sold
sr. member
Activity: 952
Merit: 267
April 14, 2017, 11:30:35 PM
Till now bitcoin is not much popular than USD because USD is almost known in very country and every people know about usd,but in case of bitcoin only people who are at online only know about that but government accepting bitcoin may increase popularity of bitcoin
sr. member
Activity: 504
Merit: 250
April 14, 2017, 10:39:22 PM
Highest digital currency bitcoin has good prospects, while the real currency USD which have a legal widely used in many countries, both have the same function regardless of the legality of the different
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
April 14, 2017, 10:30:09 PM
The good thing about bitcoin is that you can hold it and make money with it as the price goes up.

The bad thing is the constant drama.

The good thing about USD is that you can hold it and the price is stable.

The bad thing is inflation etc.

I agree with you. Each of these currencies has advantages and disadvantages. But I would not oppose these currencies. They are just different and you need to be able to use them together

One good thing about Bitcoin is that it is a new technology that has a lot of potential. The US dollar is already established and will be around for a very long time but Bitcoin is high risk but high reward if it is successful.
IMO, bitcoin is the development from the previous idea. If someone is trying to compare bitcoin against the dollar and he must realize if the main thing if bitcoin still pegged on the dollar's value. Dollar makes the bitcoin alive and has a lot of value right now. The domination of dollar give more power for bitcoin to make a domination for another currency.
hero member
Activity: 686
Merit: 510
April 14, 2017, 09:58:35 PM
is bitcoin more popular than US Dollar ?
For my own opinion, I think it is Yes. Bitcoin becomes more popular because it dominates other fiat currency and most of the people use the bitcoin as their medium of transaction. USD now become less powerful than Bitcoin. There are many reasons to dicuss. As a user of bitcoin, we all know that is is easy to use, easy to earn and more profitable. It is our chance to make our money more profitable.
sr. member
Activity: 1484
Merit: 323
April 14, 2017, 09:44:30 PM
is bitcoin more popular than US Dollar ?
No i don't think so. US dollar is still more popular than bitcoin because many people are not familiar with the word bitcoin and still US dollar is being used all over the countries, bitcoin is used all over the countries too but US dollar is still more familiar and known by all the people all over the world.
hero member
Activity: 1498
Merit: 547
Top Crypto Casino
April 14, 2017, 04:11:49 PM
So that is easy 1200$-1BTC and grow,it is free market answer,and now dollar will weaken and btc will be more expensive
Yet the price of bitcoin is too unstable compared to USD. Yeah, maybe its free market but in the real world fiat is more of use compared to Bitcoin. It's not about the value of a certain thing, it about on how its used on the community. So I rather be paid by 1,200$ rather than be paid by 1 Btc
Pab
legendary
Activity: 1862
Merit: 1012
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
hero member
Activity: 1008
Merit: 510
April 14, 2017, 02:25:49 PM
The good thing about bitcoin is that you can hold it and make money with it as the price goes up.

The bad thing is the constant drama.

The good thing about USD is that you can hold it and the price is stable.

The bad thing is inflation etc.

I agree with you. Each of these currencies has advantages and disadvantages. But I would not oppose these currencies. They are just different and you need to be able to use them together

One good thing about Bitcoin is that it is a new technology that has a lot of potential. The US dollar is already established and will be around for a very long time but Bitcoin is high risk but high reward if it is successful.
newbie
Activity: 39
Merit: 0
April 14, 2017, 02:01:11 PM
The good thing about bitcoin is that you can hold it and make money with it as the price goes up.

The bad thing is the constant drama.

The good thing about USD is that you can hold it and the price is stable.

The bad thing is inflation etc.

I agree with you. Each of these currencies has advantages and disadvantages. But I would not oppose these currencies. They are just different and you need to be able to use them together
hero member
Activity: 826
Merit: 502
April 14, 2017, 12:38:02 PM
The good thing about bitcoin is that you can hold it and make money with it as the price goes up.

The bad thing is the constant drama.

The good thing about USD is that you can hold it and the price is stable.

The bad thing is inflation etc.

With no doubt, I would put up with all these drama rather than have a currency that's constantly losing its value over time. Bitcoin doesn't have a stable price but most of the time, the price of bitcoin is increasing. If you bought bitcoins months ago when the price is just $600. Then no matter how much drama is happening today, the you will not get negative returns since you've invested quite early.

In USD, you can hold it all you want but it will never increase its value. By the time that you cash it out, the commodities might already be much expensive than before because of the constant inflation going on.
legendary
Activity: 868
Merit: 1006
April 14, 2017, 12:12:16 PM
The good thing about bitcoin is that you can hold it and make money with it as the price goes up.

The bad thing is the constant drama.

The good thing about USD is that you can hold it and the price is stable.

The bad thing is inflation etc.
hero member
Activity: 713
Merit: 501
April 14, 2017, 11:31:05 AM
If you were able to transfer apple shares between people like bitcoin and there are people that's accepting it as a payment method, then I guess that qualifies as a currency. In a way, the amount of bitcoin that we hold is just like a "share" on the amount of all the bitcoins in circulation. Just like fiat, the value of our fiat depends on how much fiat there is in your country

No, this doesn't qualify as a currency

You can transfer real apples (which you eat) just like you transfer banknotes and coins, but does it make apples into a currency (even if we assume that apples don't rot in a few days)? I guess it doesn't. To have properties required for circulating as a currency is evidently not enough to be a currency. What makes something into a currency is its universal use and acceptance as a means of payment for the exchange of goods and services. So even if you could transfer Apple shares just like you transfer bitcoins, that alone wouldn't make them into a currency (a money token). These shares should actually be used for transferring value to be rightfully called a currency. The word itself ("currency", i.e. circulation) tells it all

You didn't see the "if it's accepted as payment method" in my post, don't you? Because what you're telling is basically what I told from that short note. When something is accepted by people, then it will be qualified as a currency, not because it's easy to transfer the "thing". Let's say that oranges are accepted by people as payment method because everybody loves oranges and you can easily trade oranges to a commodity, then that will qualify as a currency (like I said in my previous post).

I don't see how else something will become a currency (measure of value or payment value) other than it being accepted as payment method. You can create a dupe of money but with different logos, since no one is accepting it, it's nothing but a piece of paper. Even the paper money that we're using is literally just a piece of paper. It became a currency because people are accepting it as a payment method.
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