USD vs BTC - page 67. | Bitcointalksearch.org

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Quote from: mindrust on November 06, 2016, 04:40:32 PM

If Dollar dies, everything dies. Simple as that.

Simple Logic: If bitcoin was better than Dollars, why does everyone freak out when we see a crash? If bitcoin was that good, you wouldn't give a fuck about the price drops right?

So you mean if dollar dies every other thing will die, right ? What about other currency in the world or does it mean that everyone is using only dollars or must use dollar only ? Let assure you that even if dollar dies, things will still be moving fine except that for short period of time some negative impact may be felt.

Betwrong

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Quote from: mindrust on November 06, 2016, 04:40:32 PM

If Dollar dies, everything dies. Simple as that.

Simple Logic: If bitcoin was better than Dollars, why does everyone freak out when we see a crash? If bitcoin was that good, you wouldn't give a fuck about the price drops right?

Whether we like it or not all the prices in this world are connected to USD in a way. I live very far from the US but when our local currency drops in USD, the people who are selling potatoes for example, the small farmers from rural places who really shouldn't care about the USD, they rise the price of their potatoes. I think that is because they keep their savings in USD and they want to get same amount of USD today for the sold potatoes as they got yesterday.

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Quote from: BitHodler on November 09, 2016, 07:13:33 AM

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Quote from: barabash on November 08, 2016, 12:30:47 PM

I never contrasted these two currencies. They're both good. Each on its own way. Each of these currencies has its drawbacks and benefits. Anyone who knows how to use both of them are very good financier

They are certainly both good especially for us who uses bitcoin, because we need to convert bitcoin with USD and that is what the bitcoin is depending its value. And if we will just combine them both they will going to be a very powerful type of currency that has being used worldwide. I hope to see that bitcoin was being used by billions of people living in this world.

Bitcoin being used by billions of people around the globe is just a fantasy with zero chances of actually happening. The media and mainly the government will make sure of that.

There is no way that governments will let Bitcoin grow to a level where it's being used by the billions. Mainly because it will significantly impact their own economy.

If the governments wants to prevent you from having one thing, then it will be the fact that Bitcoin gives people financial freedom.

You being able to operate outside the banking and governmental system is an absolute nightmare for them. Right now while Bitcoin is still a tiny dot, they somewhat tolerate it, but that won't always be the case.

I should agree with you on that, that's too optimistic yet a very unrealistic prediction. We will never reach to that level as we are still relying in fiat. We cannot make our own government as we are just a small community not legally operating.

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Everyone who has a Bitcoin looks forward to its growth. If the dollar is unstable, the people are more interested in Bitcoin. This can trigger the growth of prices for cryptocurrency

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Quote from: barabash on November 08, 2016, 12:30:47 PM

I never contrasted these two currencies. They're both good. Each on its own way. Each of these currencies has its drawbacks and benefits. Anyone who knows how to use both of them are very good financier

They are certainly both good especially for us who uses bitcoin, because we need to convert bitcoin with USD and that is what the bitcoin is depending its value. And if we will just combine them both they will going to be a very powerful type of currency that has being used worldwide. I hope to see that bitcoin was being used by billions of people living in this world.

Bitcoin being used by billions of people around the globe is just a fantasy with zero chances of actually happening. The media and mainly the government will make sure of that.

There is no way that governments will let Bitcoin grow to a level where it's being used by the billions. Mainly because it will significantly impact their own economy.

If the governments wants to prevent you from having one thing, then it will be the fact that Bitcoin gives people financial freedom.

You being able to operate outside the banking and governmental system is an absolute nightmare for them. Right now while Bitcoin is still a tiny dot, they somewhat tolerate it, but that won't always be the case.

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

is bitcoin more popular than US Dollar ?

US is more popular than bitcoin if you know bitcoin is just a newly release that now is on 5 years i think and bitcoin is depending on the US and if the US gone then bitcoin will probably gone too. And every one knows that US dollar is the most powerful money in the world.

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Quote from: barabash on November 08, 2016, 12:30:47 PM

I never contrasted these two currencies. They're both good. Each on its own way. Each of these currencies has its drawbacks and benefits. Anyone who knows how to use both of them are very good financier

They are certainly both good especially for us who uses bitcoin, because we need to convert bitcoin with USD and that is what the bitcoin is depending its value. And if we will just combine them both they will going to be a very powerful type of currency that has being used worldwide. I hope to see that bitcoin was being used by billions of people living in this world.

combining both is impossible because both are currencies which getting used in different world,and you don't really need to always convert your bitcoin to USD,just convert it directly to your local fiat on your local exchangers and everything should be fine

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Quote from: barabash on November 08, 2016, 12:30:47 PM

I never contrasted these two currencies. They're both good. Each on its own way. Each of these currencies has its drawbacks and benefits. Anyone who knows how to use both of them are very good financier

They are certainly both good especially for us who uses bitcoin, because we need to convert bitcoin with USD and that is what the bitcoin is depending its value. And if we will just combine them both they will going to be a very powerful type of currency that has being used worldwide. I hope to see that bitcoin was being used by billions of people living in this world.

Indeed. Both are very valuable and most countries rely on the value of USD and so as bitcoins value.. so if USD will drop it value definitely most all of currencies worldwide will be affected and also the bitcoin value.. bitcoin will be used by more and more people and hopefully most of us will earn more in bitcoin community.

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I never contrasted these two currencies. They're both good. Each on its own way. Each of these currencies has its drawbacks and benefits. Anyone who knows how to use both of them are very good financier

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Quote from: bestluck on November 06, 2016, 06:01:55 PM

And I will add a point that with physical form of bitcoin the term crypto will be then useless as the physical things are transferred with our hands and then any transfer of coin will be the same as normal fiat and bitcoin is not going to be a fiat but it is a crypto currency.

Bitcoins can be transferred from to hand literally, with physical devices which can be loosely considered as purses, without the need of making transactions through the blockchain. In fact, such devices can be very useful for merchants since they wouldn't need to wait for confirmations by the network. You need the blockchain only to check the balance of such a purse...

And your primary source of risk will be a malfunction of the purse itself

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Quote from: skyway1 on November 06, 2016, 07:09:12 PM

Quote from: lakisis on November 05, 2016, 07:32:49 PM

Quote from: mkmdoc on November 05, 2016, 10:30:37 AM

Bitcoin is digital currency and also one of the commodity like gold. It cannot be replaced with USD, still major countries are not still not accepting bitcoin as one of their option. It will take lot of time to establish a digital currency into physical one.

yeah bitcoin is digital currency and you are right that bitcoin is still not acceptable in some countries but i hope bitcoin will be sooner acceptable in everywhere in all world in the near future and i am sure bitcoin can be appear in physical shape in few years .

you are right that is still not acceptable in some country but i am sure bitcoin will be soon acceptable in these country and then will be use bitcoin for anything to buy with bitcoin and bitcoin going to more advance .

Just give sometime for bitcoin and it will be adopted but a lot of stores in the near future. And we don't need to think that USD will be replaced by bitcoin or vice versa. Because they are both associated for each transactions and they are playing both an important role in the market. Bitcoin depends on USD and USD is getting profit from bitcoin.

Time is really important so we need to have a lot of patience to be able to see more stores accepting bitcoin. I am not in a hurry because so far bitcoin is profitable to me, i would only invest it for now since there's a limited use of bitcoin online and time will come I can fully get the benefits of using it in online transaction.

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Quote from: lakisis on November 05, 2016, 07:32:49 PM

Quote from: mkmdoc on November 05, 2016, 10:30:37 AM

Bitcoin is digital currency and also one of the commodity like gold. It cannot be replaced with USD, still major countries are not still not accepting bitcoin as one of their option. It will take lot of time to establish a digital currency into physical one.

yeah bitcoin is digital currency and you are right that bitcoin is still not acceptable in some countries but i hope bitcoin will be sooner acceptable in everywhere in all world in the near future and i am sure bitcoin can be appear in physical shape in few years .

you are right that is still not acceptable in some country but i am sure bitcoin will be soon acceptable in these country and then will be use bitcoin for anything to buy with bitcoin and bitcoin going to more advance .

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Quote from: mindrust on November 06, 2016, 04:40:32 PM

If Dollar dies, everything dies. Simple as that.

Simple Logic: If bitcoin was better than Dollars, why does everyone freak out when we see a crash? If bitcoin was that good, you wouldn't give a fuck about the price drops right?

Well, do we care about the USD's drops? We do, because it matters after all. Many currencies depend on it, and like you said.. if it's down, everything will be. Bitcoin is important too, and can take part in a very strong decision: digital or paper currency.

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Quote from: jaysabi on November 06, 2016, 05:12:49 PM

Quote from: lakisis on November 06, 2016, 05:01:47 PM

Quote from: Rmaqks on November 06, 2016, 01:21:07 PM

Quote from: lakisis on November 05, 2016, 07:32:49 PM

Quote from: mkmdoc on November 05, 2016, 10:30:37 AM

Bitcoin is digital currency and also one of the commodity like gold. It cannot be replaced with USD, still major countries are not still not accepting bitcoin as one of their option. It will take lot of time to establish a digital currency into physical one.

yeah bitcoin is digital currency and you are right that bitcoin is still not acceptable in some countries but i hope bitcoin will be sooner acceptable in everywhere in all world in the near future and i am sure bitcoin can be appear in physical shape in few years .

I heard that in China already established physical coins Bitcoin.
I believe that there is no confrontation between the dollar and the Bitcoins. They are together and complement each other

it will be too wonderful if china establish the physical shape of bitcoin , then it will be more get stronger in china and i hope bitcoin will be more survive for always and people more believe in bitcoin .

There's no such thing as a physical bitcoin. It is impossible for bitcoin to even take physical form. Remember, there are no such things as "coins" in cryptocurrencies. The use of "coins" is for familiarity. Bitcoin is nothing more than a digital ledger, and all transactions and ownership exists only in the ledger. You cannot have a physical token that represents bitcoin because even if you were to give someone a physical bitcoin, ownership would not transfer in the ledger when you do so, which is required for someone to properly own a bitcoin. It is the ability to transfer bitcoin to someone else which establishes ownership of bitcoin, and owning a physical bitcoin does not give you the ability to transfer ownership in the blockchain. This is why it is technically impossible for physical bitcoin to exist.

And I will add a point that with physical form of bitcoin the term crypto will be then useless as the physical things are transferred with our hands and then any transfer of coin will be the same as normal fiat and bitcoin is not going to be a fiat but it is a crypto currency.

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Quote from: lakisis on November 06, 2016, 05:01:47 PM

Quote from: Rmaqks on November 06, 2016, 01:21:07 PM

Quote from: lakisis on November 05, 2016, 07:32:49 PM

Quote from: mkmdoc on November 05, 2016, 10:30:37 AM

Bitcoin is digital currency and also one of the commodity like gold. It cannot be replaced with USD, still major countries are not still not accepting bitcoin as one of their option. It will take lot of time to establish a digital currency into physical one.

yeah bitcoin is digital currency and you are right that bitcoin is still not acceptable in some countries but i hope bitcoin will be sooner acceptable in everywhere in all world in the near future and i am sure bitcoin can be appear in physical shape in few years .

I heard that in China already established physical coins Bitcoin.
I believe that there is no confrontation between the dollar and the Bitcoins. They are together and complement each other

it will be too wonderful if china establish the physical shape of bitcoin , then it will be more get stronger in china and i hope bitcoin will be more survive for always and people more believe in bitcoin .

There's no such thing as a physical bitcoin. It is impossible for bitcoin to even take physical form. Remember, there are no such things as "coins" in cryptocurrencies. The use of "coins" is for familiarity. Bitcoin is nothing more than a digital ledger, and all transactions and ownership exists only in the ledger. You cannot have a physical token that represents bitcoin because even if you were to give someone a physical bitcoin, ownership would not transfer in the ledger when you do so, which is required for someone to properly own a bitcoin. It is the ability to transfer bitcoin to someone else which establishes ownership of bitcoin, and owning a physical bitcoin does not give you the ability to transfer ownership in the blockchain. This is why it is technically impossible for physical bitcoin to exist.

lakisis

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Quote from: Rmaqks on November 06, 2016, 01:21:07 PM

Quote from: lakisis on November 05, 2016, 07:32:49 PM

Quote from: mkmdoc on November 05, 2016, 10:30:37 AM

Bitcoin is digital currency and also one of the commodity like gold. It cannot be replaced with USD, still major countries are not still not accepting bitcoin as one of their option. It will take lot of time to establish a digital currency into physical one.

yeah bitcoin is digital currency and you are right that bitcoin is still not acceptable in some countries but i hope bitcoin will be sooner acceptable in everywhere in all world in the near future and i am sure bitcoin can be appear in physical shape in few years .

I heard that in China already established physical coins Bitcoin.
I believe that there is no confrontation between the dollar and the Bitcoins. They are together and complement each other

it will be too wonderful if china establish the physical shape of bitcoin , then it will be more get stronger in china and i hope bitcoin will be more survive for always and people more believe in bitcoin .

mindrust

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If Dollar dies, everything dies. Simple as that.

Simple Logic: If bitcoin was better than Dollars, why does everyone freak out when we see a crash? If bitcoin was that good, you wouldn't give a fuck about the price drops right?

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Quote from: 1Referee on October 19, 2016, 04:20:07 AM

Quote from: Fatanut on October 19, 2016, 01:40:42 AM

Bitcoin is not as popular as the US Dollar. US Dollar has been there for a long time so people have talked about it ever since. Before most of us were born, people already know about US Dollar and it has more value than most currencies.

Bitcoin, on the other hand, is relatively new. As we approach a more and more digital world, Bitcoin is also arising. People are starting to talk about Bitcoin but I don't think it will come to the point that Bitcoin is more popular than US Dollars any time soon. But it will, eventually.

There are a few important aspects to keep in mind.

1- Bitcoin is still relatively new - This shows how much potential growth we can realize.
2- Bitcoin offers people financial freedom - This is something a lot people are looking for in times where trust in banks is very low.
3- Bitcoin is the best online currency - Sending billions of dollars worth of coins instantly for $0.05 in fees, is of course impressive.

I am quite sure that these features will make the average joe more than interested in Bitcoin in the coming years.

Let me take the contrarian view on these points, because bitcoin is not a pure benefit with no risks.

1- Bitcoin is relatively new, and has an extremely volatile price history. This makes it a terrible choice for a currency or store of value and nearly unusable for business purposes, which require price stability.

2- Bitcoin offers no more financial freedom than fiat. You don't need to use a bank with fiat if you don't trust the bank. Moreover, banks are far more stable than bitcoin exchanges, which have a long history of losing depositor coins to hacks or insider theft. Deposits in a bank are backed by the FDIC.

3- Digital USD transactions are more stable than bitcoin transactions. In part because of the price instability of bitcoin, also because you can send money through your bank for free if you're a customer. Fees for bitcoin will continue to rise over time as mining income falls. What may look like a temporary advantage now (which you haven't even convinced me of) will become a liability in the future as transaction fees for bitcoin become cost prohibitive.

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Quote from: randy8777 on October 16, 2016, 10:29:11 AM

Quote from: jaysabi on October 16, 2016, 07:32:08 AM

Look at what Bitcoin is used primarily for currently: highly speculative day trading and gambling. Outside of these functions, it does not have a high degree of utility. This does not portend well for mass adoption and disruption. It's a niche product appealing to a small number of people currently.

not only for that, but also for people looking to store money outside the banking system. i do exactly that and i am very happy that bitcoin offers me this opportunity. and yes, i agree that bitcoin right now is very small when it comes to adoption, but this shows how much growth we can realize in the coming years. this makes bitcoin a more than interesting long term investment.

Using bitcoin to store value outside of the traditional banking system is not a large component of its use (I don't think). Or at least, I hope it isn't. It's extremely risky to do this. There's nothing backing its value and no system insuring against risk of loss. Bank deposits at least have the FDIC, and brokerage accounts have a similar backstop.

vindicare

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

is bitcoin more popular than US Dollar ?

No and it will not as long as the elites are still controlling currencies to avoid their wealth being drag down but digital currency will prevail in the future I'm sure of that because of emerging technologies nowadays.

Topic: USD vs BTC - page 67. (Read 121137 times)