USD vs BTC - page 42. | Bitcointalksearch.org

deisik

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Quote from: Janation on April 10, 2017, 10:57:23 AM

Quote from: kynaz on April 10, 2017, 07:56:40 AM

Of course Bitcoin can't be more popular than USD for sure . It just become a currency that they can accept in payment, but can't become a popular currency in that short time. I think it will cost about 30-40 years more for bitcoin to become a global currency.

That is really right, there are no way that bitcoin will surpass USD that easy, USD will stay USD. Without USD, bitcoin can't have a price, how can you say the price og bitcoin if USD do not exist? We can't use altcoins to and compare it to bitclin and make it the primary currency of one country. And I think you have a point, 30-40 years, though I think bitcoin will be accepted in the ETF or will have a hard fork

So, to you, the US dollar is the only pebble on the beach, right?

And you easily discard all other fiat currencies existing in the world (such as Euro, Chinese Yuan, Swiss franc and over 100 hundred of them)? Should I thus conclude that these currencies couldn't exist without the US dollar either since otherwise how could the Bitcoin price be ever quoted in them too if they didn't depend on the US dollar in absolutely the same degree (i.e. completely) as Bitcoin depends on the US dollar (according to your logic)? Do you confirm that all these fiat currencies can't exist without the US dollar by their side?

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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.

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

is bitcoin more popular than US Dollar ?

Not yet, but may one day.

Janation

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Quote from: kynaz on April 10, 2017, 07:56:40 AM

Of course Bitcoin can't be more popular than USD for sure . It just become a currency that they can accept in payment, but can't become a popular currency in that short time. I think it will cost about 30-40 years more for bitcoin to become a global currency.

That is really right, there are no way that bitcoin will surpass USD that easy, USD will stay USD. Without USD, bitcoin can't have a price, how can you say the price og bitcoin if USD do not exist? We can't use altcoins to and compare it to bitclin and make it the primary currency of one country. And I think you have a point, 30-40 years, though I think bitcoin will be accepted in the ETF or will have a hard fork.

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Quote from: gabmen on April 10, 2017, 10:10:06 AM

Quote from: kynaz on April 10, 2017, 07:56:40 AM

Of course Bitcoin can't be more popular than USD for sure . It just become a currency that they can accept in payment, but can't become a popular currency in that short time. I think it will cost about 30-40 years more for bitcoin to become a global currency.

I have to agree with you there. 10 years wont be enough to overtake fiat and it would take more than a few decades in ever it even does. We all believe in btc and we're hoping for the best with it but realistically i don't see btc even coming close to dollar's popularity

This is one of the things that we can't know for sure in any plausible way

It looks like we live in very interesting times (though I'm curious if people of all times and nations didn't think the same in their times as well), we don't know for certain what will happen to humanity in 10 year period with all those advances in biosciences and computer technologies. Regarding Bitcoin, more specifically, I think that with the introduction of instant payments we might see a run-away adoption of Bitcoin across the world. Ironically, though, that won't necessarily lead to a run-away price. But I'm also utterly curious if anyone will read this post and then ask me why

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Quote from: kynaz on April 10, 2017, 07:56:40 AM

Of course Bitcoin can't be more popular than USD for sure . It just become a currency that they can accept in payment, but can't become a popular currency in that short time. I think it will cost about 30-40 years more for bitcoin to become a global currency.

I have to agree with you there. 10 years wont be enough to overtake fiat and it would take more than a few decades in ever it even does. We all believe in btc and we're hoping for the best with it but realistically i don't see btc even coming close to dollar's popularity

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Quote from: Kyraishi on April 10, 2017, 04:59:10 AM

In my opinion, bitcoin is not the best crypto to replace the fiat, because it would be too easy to track specific transactions for some authorities, but that depends what we actually need.
I would say that it is not even possible in 2030, United States won't let anything replace their "precious" currency right?

Bitcoin is a bad thing for US now because the US dark market is mostly hidden in bitcoin transactions.
Why would anyone pay 60,000$ for murder in cash, when he can do everything online, without meeting the guy who is supposed to complete the task?
Same thing with big amount of drugs or any illegal items.
Bitcoin is better also to hide your dirty money, you can just transfer them on some wallet and never touch them right?

Why would you want to kill someone?

Anyway, whatever you intentions might be, I don't think that you can pay over Internet to kill anyone. I remember some dude tried something like that, and he was quickly caught by the police. Further, why would the guy who is supposed to do the task accept the risks of you being the police themselves? Apart from that, I always thought that the majority of Bitcoin users are using Bitcoin due to its economic merits (speculation, store of value, and such things), not because they were trying to evade the government control by exploiting its features that provide (pseudo)anonymity. This is a nice bonus but no more than that

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Of course Bitcoin can't be more popular than USD for sure . It just become a currency that they can accept in payment, but can't become a popular currency in that short time. I think it will cost about 30-40 years more for bitcoin to become a global currency.

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Quote from: Kyraishi on April 10, 2017, 04:59:10 AM

In my opinion, bitcoin is not the best crypto to replace the fiat, because it would be too easy to track specific transactions for some authorities, but that depends what we actually need.

Basically what you're trying to say is that bitcoins is not the best cryptocurrency to replace the fiat because it has transparent records. I don't even know a coin that doesn't have transparent records. We're all about that in the cryptoworld. This is different from fiat where the government can do hidden transactions.

For me, that's actually the best reason as to why a cryptocurrency should replace fiat. So we know what's the government doing with the taxes that they collected. That way, we can easily track where the taxes are going. It's actually the other way around. They are not going to let bitcoin replace fiat because they will be tracked and not because it will be easier to track us. Even though of course, they would love to track every single individual.

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

is bitcoin more popular than US Dollar ?

It will take years for bitcoin to be as purpular as dollars even if the whole world adopt it today as a currency. Bitcoin may in future more than dollars in value because of inflation and control . Bitcoin is decentralized and because of this many people are using it for investment and keeping the assets were there have control over.

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Quote from: X-ray on April 09, 2017, 10:38:09 PM

Quote from: v1ryspro on April 04, 2017, 04:49:14 AM

Quote from: mastermold on April 04, 2017, 03:40:51 AM

Obviously, USD is more popular than Bitcoin. USD is here for like forever but bitcoin came in 2009. Bitcoin is still expanding.

Yes, the US dollar is more popular because it is regulated by the state and was invented earlier. But bitcoin has every chance to replace it, only time is needed.

The fiat payment has included on the oldest payment method, no doubt if they're all still existing right now.
But can you give me a reason how bitcoin can replace the dollar, in another side The US securities is ignoring the door for bitcoin to enter in the US. it's not about a time but the permission by the government.

That is true, we need goverment permission but the thing is, more people uses bitcoin - bigger influence they have on specific country.
It will take a really long time to see any kind of fiat replacement by bitcoin, but it is not needed. It is more like a dream of some crypto users.

In my opinion, bitcoin is not the best crypto to replace the fiat, because it would be too easy to track specific transactions for some authorities, but that depends what we actually need.
I would say that it is not even possible in 2030, United States won't let anything replace their "precious" currency right?

Bitcoin is a bad thing for US now because the US dark market is mostly hidden in bitcoin transactions.
Why would anyone pay 60,000$ for murder in cash, when he can do everything online, without meeting the guy who is supposed to complete the task?
Same thing with big amount of drugs or any illegal items.
Bitcoin is better also to hide your dirty money, you can just transfer them on some wallet and never touch them right?

deisik

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Quote from: carlisle1 on April 07, 2017, 08:13:46 AM

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

is bitcoin more popular than US Dollar ?

since this topic still appears to be active until now although it is posted for almost a year ago, maybe I can share my opinion . well if bitcoin is more popular than bitcoin then why does the US dollar still taking the lead of being more used in many countries and only a few people has been informed about the cryptocurrencies especially bitcoin . it has a potential to be used for a convenient transaction all over the world but the mass population still have no idea about it and I guess they would still choose USD over bitcoin as long as those people still aren't well informed .

Hmm... Bitcoin more popular than Bitcoin?

It seems that you meant to say more popular than the US dollar, right? But who is actually claiming that? I don't remember that I've never seen anyone say something like that. Obviously, if we take the whole world the US dollar will by far surpass Bitcoin in popularity. That said, we still can't deny the possibility that in some places Bitcoin could be more popular than the US dollar. Ultimately, some people may not consider the US dollar as a currency at all (while many others don't consider Bitcoin as such altogether). And so what?

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Bitcoin can never replace usd in near future as dollar is very strong and popular currency and it has support from the Government and it is the only currency which is accepted worldwide and I don't see that happening with bitcoin in coming years.

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Quote from: v1ryspro on April 04, 2017, 04:49:14 AM

Quote from: mastermold on April 04, 2017, 03:40:51 AM

Obviously, USD is more popular than Bitcoin. USD is here for like forever but bitcoin came in 2009. Bitcoin is still expanding.

Yes, the US dollar is more popular because it is regulated by the state and was invented earlier. But bitcoin has every chance to replace it, only time is needed.

The fiat payment has included on the oldest payment method, no doubt if they're all still existing right now.
But can you give me a reason how bitcoin can replace the dollar, in another side The US securities is ignoring the door for bitcoin to enter in the US. it's not about a time but the permission by the government.

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I choose BTC was definitely out of the US dollar

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bitcoin just my opinion compared to the US dollar is more dominant and more popular.

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

is bitcoin more popular than US Dollar ?

since this topic still appears to be active until now although it is posted for almost a year ago, maybe I can share my opinion . well if bitcoin is more popular than bitcoin then why does the US dollar still taking the lead of being more used in many countries and only a few people has been informed about the cryptocurrencies especially bitcoin . it has a potential to be used for a convenient transaction all over the world but the mass population still have no idea about it and I guess they would still choose USD over bitcoin as long as those people still aren't well informed .

CROYA86

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if you say USD real money, curency of the US dollar, USD accepted for payment all countries in the world, only bitcoin digital curency, and still many countries that use it as the official currency of the country.

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Quote from: v1ryspro on April 04, 2017, 04:49:14 AM

Quote from: mastermold on April 04, 2017, 03:40:51 AM

Obviously, USD is more popular than Bitcoin. USD is here for like forever but bitcoin came in 2009. Bitcoin is still expanding.

Yes, the US dollar is more popular because it is regulated by the state and was invented earlier. But bitcoin has every chance to replace it, only time is needed.

If the USD being regulated and being invented earlier is the actual reason why it is more popular, then bitcoin can never beat USD. It is a fact that USD is regulated and invented earlier. Bitcoin cannot change those facts.

I think it's worth stating that even though that is the case, bitcoin still has the chance to replace it because it is growing day by day and people love it. It doesn't need any government intervention to work, it is fast (although not yet lightning fast), it requires really low transaction fee, and you get to transact with a lot of people online. Since we spend most of our time online, you tend to have more connections to people that you've only met online and there's better opportunity of you having some real success online than in real life. Although of course that depends if you're good at computer related work.

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Quote from: Kevin77 on March 03, 2017, 05:36:55 PM

Quote from: deisik on February 28, 2017, 10:35:54 PM

Quote from: 1Referee on February 28, 2017, 07:41:53 AM

Quote from: Reid on February 28, 2017, 07:02:15 AM

And do you know that there are a lot of people that are trying to buy USD and just store it until it grows.

Are you referring to people buying the USD to hedge their own weaker currency, or literally as you say "until it grows"? In case of the latter, I don't see how the USD, or basically any other fiat currency grows in value (aside from getting stronger or weaker compared to other currencies)

There is no literal growth unless you are trading currency indexes. The growth is always in respect to some other currency. Obviously, the point consists in buying dollars with local currency and selling when the exchange rate goes up. For many local currencies, it is a one way route mid to long term. People just convert into and keep most of their savings in the US dollar. If the dollar goes down, they just buy more dollars with their salaries and wages which they receive in the local currency. When the dollar eventually goes up (which is almost certain), they sell some dollars and spend the proceeds on their expenses

Mutual funds are doing basically the same (i.e. buying and selling dollars)

That is exactly what is happening. The mindset is that you have to wait for the dollar rate to drop and you purchase it. But the question is that bitcoin gets effected by the rate of dollar or not? And in my view rate of dollar effect the rate of bitcoin and rate of dollar effected the bitcoin too much if you see the price of bitcoin they are in dollar. So this is the prove which show that dollar rate have impact on bitcoin

I don't think that it is true that people are storing US dollar until it grows or if it is true they are just wasting their own time. A Fiat Currency's value is based on the economy of its country. With USA having an unsteady economy adding more pressure to it is having a President that has no experience on running a country I don't know where this country will go, also basing on the Global Competitiveness Report the USA has been #3 in the ranking from 2014-2017 beating by countries like Switzerland and Singapore we see that USA has become dormant in development based on this report. Also whatever currency you are holding for long term is not really profitable maybe if you consider trading it then you will see profit in the short term.

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