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Topic: USD vs BTC - page 41. (Read 121168 times)

sr. member
Activity: 406
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April 12, 2017, 03:37:30 AM
Bitcoin is definitely more popular than US Dollar here on this forum and probably in some other places, but we have to understand that yet the vast majority of people know nothing about BTC. And that's a good thing in a way because thus Bitcoin has a potential, a potential to rise much more in the future when its popularity will be on the same level as of USD.

But the fact is that bitcoin is only popular on this forum and not in the real world so we can say that the popularity of bitcoin is limited and USD is more popular across the globe and its the most powerful currency of the world and I don't think that bitcoin can ever overtake USD in future.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
April 12, 2017, 03:24:44 AM
Bitcoin is definitely more popular than US Dollar here on this forum and probably in some other places, but we have to understand that yet the vast majority of people know nothing about BTC. And that's a good thing in a way because thus Bitcoin has a potential, a potential to rise much more in the future when its popularity will be on the same level as of USD.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
April 12, 2017, 02:23:34 AM
Unless countries does support and recognize bitcoin and altcoins as currencies bitcoin will never reach any similiar status as dollars, even if bitcoin is worthing 10000 dollars unit, the simple fact of restrictions and limitations dont make the bitcoin a worlwide currency, something dollars is already.
to me i think bitcoin has its own online status and not a single crypto currency can compete bitcoin not only in in preset time but in future. bitcoin will remain as number one online currency  but will as compete with USD and other fiat currencies.
I also don't think it's possible for bitcoin to compete with real currency, like USD and other fiat. Bitcoin is only supported by a small population in the world and it's not really the main currency which is legally adopted and it was supported by the government. Bitcoin is simply a secondary currency or we call it as payment processor as a bridge for faster online transaction

I guess government adoption may contribute but not subtract from popularity

In other words, government adoption becomes irrelevant when people start massively using an alternative currency. Look at what happened in Zimbabwe. The Zimbabwean government had been issuing their own fiat currency proudly called the Zimbabwean dollar. But that didn't prevent them from heavily devaluing it over years (up to hundreds of trillions being the common denomination between currency bills). Meanwhile, ordinary people gradually switched to using the true dollar, the American one. And then government had to finally completely abandon the Zimbabwean national currency in favor of what people had been transacting with (i.e. the US dollar) when no one was any longer using it
hero member
Activity: 2856
Merit: 674
April 11, 2017, 08:41:50 PM
Unless countries does support and recognize bitcoin and altcoins as currencies bitcoin will never reach any similiar status as dollars, even if bitcoin is worthing 10000 dollars unit, the simple fact of restrictions and limitations dont make the bitcoin a worlwide currency, something dollars is already.
to me i think bitcoin has its own online status and not a single crypto currency can compete bitcoin not only in in preset time but in future. bitcoin will remain as number one online currency  but will as compete with USD and other fiat currencies.
I also don't think it's possible for bitcoin to compete with real currency, like USD and other fiat. Bitcoin is only supported by a small population in the world and it's not really the main currency which is legally adopted and it was supported by the government. Bitcoin is simply a secondary currency or we call it as payment processor as a bridge for faster online transaction.
MMA
legendary
Activity: 1134
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April 11, 2017, 05:09:24 PM
Unless countries does support and recognize bitcoin and altcoins as currencies bitcoin will never reach any similiar status as dollars, even if bitcoin is worthing 10000 dollars unit, the simple fact of restrictions and limitations dont make the bitcoin a worlwide currency, something dollars is already.
to me i think bitcoin has its own online status and not a single crypto currency can compete bitcoin not only in in preset time but in future. bitcoin will remain as number one online currency  but will as compete with USD and other fiat currencies.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
April 11, 2017, 09:43:40 AM
is bitcoin more popular than US Dollar ?

Not yet, but may one day.
Yes it is sure that one day bitcoin will be more popular than USD because of the increasing demand of bitcoin with the passage of time. It is obvious that the demand of bitcoin is higher than USD but the problem is that not much people know about bitcoin and if they will know about then they will have only bitcoin for their use.

How is the demand of bitcoin greater than USD when USD is more popular than bitcoins? You might see that there is an increase in the price of bitcoins. Because the demand is good, but when you compare the demand to USD, it's nothing. By just looking at the number of Americans that need the USD, it's obvious that bitcoin is still nothing.

I really doubt that bitcoin will one day be more popular than USD since almost everyone knows about the United States and, thus, they know about USD. Even when bitcoin goes mainstream, it will be just a thing on the Internet and those people that don't have access to the Internet and the people that don't like technology  that much will never know about it.
choppork it is a possible thing to happen, right now we are living on a world the relies heavily on the internet. And recently the people who became billionaires relate their products to the internet/web ( Facebook, Snapchat, UBER to name a few who became successful with their products related to online). Now can you imagine a world that has one currency that can be use to transact with everything online?

We can certainly imagine that

But what's the purpose of that? The sleep of reason produces monsters, as we know. As to me, we should first try to imagine the world where there is only one, world government (something like "ein Volk, ein Reich, ein Führer" on a world scale). Without such a government, all dreams about one global currency will remain only that, i.e. dreams or chimeras. But one government is even less likely in the foreseeable future than Bitcoin replacing the US dollar one day
hero member
Activity: 868
Merit: 500
April 11, 2017, 09:09:56 AM
Well euro as one single currencie over Europe has proven to be bad for the most of the countries, in fact i dont like to be regulated by others countries, even knowing such project has its advantages, but the thing is a single coin will kill some countries into the adoption or after few years. Bitcoin could be a solution, but the thing is that each country has their minimum salary as well the same product has different values worldwide and those wont change at all.

In the future we will see countries with their digital currencie and those might be a part of solution to let crypto world more transparent and  easy to trace since bitcoin does allow us to make transactions without have to pay the fees that countries ask and get on them.
sr. member
Activity: 658
Merit: 250
April 11, 2017, 09:01:30 AM
A very controversial issue, and then something good in its own way Wink
Indeed, USD and bitcoins are all good in its own way we all know that USD is a well known currency most of people are using it for their everyday expenses. Bitcoins also a good side baecause of tax free but if popularity i will go for USD
hero member
Activity: 588
Merit: 500
April 11, 2017, 08:22:51 AM
is bitcoin more popular than US Dollar ?

Not yet, but may one day.
Yes it is sure that one day bitcoin will be more popular than USD because of the increasing demand of bitcoin with the passage of time. It is obvious that the demand of bitcoin is higher than USD but the problem is that not much people know about bitcoin and if they will know about then they will have only bitcoin for their use.

How is the demand of bitcoin greater than USD when USD is more popular than bitcoins? You might see that there is an increase in the price of bitcoins. Because the demand is good, but when you compare the demand to USD, it's nothing. By just looking at the number of Americans that need the USD, it's obvious that bitcoin is still nothing.

I really doubt that bitcoin will one day be more popular than USD since almost everyone knows about the United States and, thus, they know about USD. Even when bitcoin goes mainstream, it will be just a thing on the Internet and those people that don't have access to the Internet and the people that don't like technology  that much will never know about it.
choppork it is a possible thing to happen, right now we are living on a world the relies heavily on the internet. And recently the people who became billionaires relate their products to the internet/web ( Facebook, Snapchat, UBER to name a few who became successful with their products related to online). Now can you imagine a world that has one currency that can be use to transact with everything online? Bitcoin may be the possible solution for having a one currency that will be use with internet transactions. Who know it might end up being use by Fb and UBER with their payment methods. If we believe in Bitcoin we must support it.

You can surely imagine all those stuffs but almost everything that you imagine without conducting research about it is merely an imagination. Yep, we can surely live in a world where there's one currency. But the question is, is this realistic? Will the government allow this? I hardly think so. There's just far too much contradiction in the world for the governments to come up with an agreement most especially that it's money related. When money talks, everybody becomes serious. Every government wants to get take advantage out of it. And since bitcoin leaves the government out of the picture, I really doubt that they are going to push themselves in it.

Maybe they can create their own universal centralized cryptocurrency but will only lead to people loving different cryptocurrencies instead particularly the decentralized ones.

All of your example can become true except for the "a world with just one currency". Every service that are connected to the Internet (or at least using the Internet) will surely adopt bitcoins when it goes mainstream. Even just establishments like coffee shops and whatnot might accept bitcoins. But a world with just one currency is far from reality, if you ask me.
hero member
Activity: 1806
Merit: 672
April 11, 2017, 08:16:04 AM
is bitcoin more popular than US Dollar ?

Not yet, but may one day.
Yes it is sure that one day bitcoin will be more popular than USD because of the increasing demand of bitcoin with the passage of time. It is obvious that the demand of bitcoin is higher than USD but the problem is that not much people know about bitcoin and if they will know about then they will have only bitcoin for their use.

How is the demand of bitcoin greater than USD when USD is more popular than bitcoins? You might see that there is an increase in the price of bitcoins. Because the demand is good, but when you compare the demand to USD, it's nothing. By just looking at the number of Americans that need the USD, it's obvious that bitcoin is still nothing.

I really doubt that bitcoin will one day be more popular than USD since almost everyone knows about the United States and, thus, they know about USD. Even when bitcoin goes mainstream, it will be just a thing on the Internet and those people that don't have access to the Internet and the people that don't like technology  that much will never know about it.
choppork it is a possible thing to happen, right now we are living on a world the relies heavily on the internet. And recently the people who became billionaires relate their products to the internet/web ( Facebook, Snapchat, UBER to name a few who became successful with their products related to online). Now can you imagine a world that has one currency that can be use to transact with everything online? Bitcoin may be the possible solution for having a one currency that will be use with internet transactions. Who know it might end up being use by Fb and UBER with their payment methods. If we believe in Bitcoin we must support it.
hero member
Activity: 588
Merit: 500
April 11, 2017, 08:03:52 AM
is bitcoin more popular than US Dollar ?

Not yet, but may one day.
Yes it is sure that one day bitcoin will be more popular than USD because of the increasing demand of bitcoin with the passage of time. It is obvious that the demand of bitcoin is higher than USD but the problem is that not much people know about bitcoin and if they will know about then they will have only bitcoin for their use.

How is the demand of bitcoin greater than USD when USD is more popular than bitcoins? You might see that there is an increase in the price of bitcoins. Because the demand is good, but when you compare the demand to USD, it's nothing. By just looking at the number of Americans that need the USD, it's obvious that bitcoin is still nothing.

I really doubt that bitcoin will one day be more popular than USD since almost everyone knows about the United States and, thus, they know about USD. Even when bitcoin goes mainstream, it will be just a thing on the Internet and those people that don't have access to the Internet and the people that don't like technology  that much will never know about it.
sr. member
Activity: 364
Merit: 250
April 10, 2017, 09:41:06 PM
is bitcoin more popular than US Dollar ?
Not at all i think.In this state bitcoins is just relying on USD currency to support bitcoins.Plus when bitcoins is launched the developer and the investors are using USD to fund bitcoins starting steps.So USD is the backbone of bitcoins and its building blocks so i think USD is still alot popular than bitcoins
hero member
Activity: 630
Merit: 500
April 10, 2017, 08:27:31 PM
USD is very promising and popular than most other physical currency as well our digital currency. Importantly USD have grown with perfect history behind it, but BTC is very small in history. So when years pass bitcoin goes high than USD.

We know that USD is very popular and there's no need to compare or competition for these two currencies. Because they are both helpful to each other, while we are earning BTC we need to convert it first with USD because it's the main currency that is depending it's value. And it's also used for buying btc.
But we cannot compare that 2 currencies, these two are on different category which bitcoin is digital/decentralized currency which can only used in online transaction, while USD is centralized which can be used in all aspect of spending.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
April 10, 2017, 05:19:38 PM
USD is very promising and popular than most other physical currency as well our digital currency. Importantly USD have grown with perfect history behind it, but BTC is very small in history. So when years pass bitcoin goes high than USD.

We know that USD is very popular and there's no need to compare or competition for these two currencies. Because they are both helpful to each other, while we are earning BTC we need to convert it first with USD because it's the main currency that is depending it's value. And it's also used for buying btc.
sr. member
Activity: 676
Merit: 319
April 10, 2017, 04:02:52 PM
A very controversial issue, and then something good in its own way Wink
hero member
Activity: 868
Merit: 500
April 10, 2017, 03:35:02 PM
Unless countries does support and recognize bitcoin and altcoins as currencies bitcoin will never reach any similiar status as dollars, even if bitcoin is worthing 10000 dollars unit, the simple fact of restrictions and limitations dont make the bitcoin a worlwide currency, something dollars is already.
hero member
Activity: 966
Merit: 517
April 10, 2017, 01:46:50 PM
is bitcoin more popular than US Dollar ?

Not yet, but may one day.
Yes it is sure that one day bitcoin will be more popular than USD because of the increasing demand of bitcoin with the passage of time. It is obvious that the demand of bitcoin is higher than USD but the problem is that not much people know about bitcoin and if they will know about then they will have only bitcoin for their use.
hero member
Activity: 1498
Merit: 547
Top Crypto Casino
April 10, 2017, 12:33:55 PM
What? How can anyone even think of this question? First of all obviously YES! Bitcoin is more popular and valuable than USD. It'sprime reason is bitcoin being virtual and decentralised currency in the world. It is being used by many countries and not just by country which support USD. On top of that it is even popular than any other currencies. (Well more popular than USD of course). More often it is exchanged from USD to Bitcoins for ease of use. It is most secure currency due to its complex nature and AI. I am pretty sure it will be more popular in the future as well. :-)
Bitcoin can never outshine USD on it's popularity. Bitcoin isn't even known by everyone and some people even thinks that bitcoin is a illegal because of deepweb. Bitcoin's price maybe high but people are looking for the value of them based on Fiat money such as USD.
legendary
Activity: 1218
Merit: 1000
April 10, 2017, 12:17:05 PM
is bitcoin more popular than US Dollar ?

Not yet, but may one day.
you are right. usd has been recognized by everyone, and has also been accepted by the whole society. still very many disadvantages that can make a bitcoin to lose usd. basically it is like gold and usd, although people see gold as a luxury, but basically they're just looking for value usd contained.
sr. member
Activity: 714
Merit: 252
April 10, 2017, 12:13:04 PM
What? How can anyone even think of this question? First of all obviously YES! Bitcoin is more popular and valuable than USD. It'sprime reason is bitcoin being virtual and decentralised currency in the world. It is being used by many countries and not just by country which support USD. On top of that it is even popular than any other currencies. (Well more popular than USD of course). More often it is exchanged from USD to Bitcoins for ease of use. It is most secure currency due to its complex nature and AI. I am pretty sure it will be more popular in the future as well. :-)
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