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Topic: USD vs BTC - page 73. (Read 121137 times)

legendary
Activity: 2044
Merit: 1115
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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.
hero member
Activity: 770
Merit: 500
October 16, 2016, 07:19:24 AM
The dollar is an international currency and many countries with their economies are tied to this currency. Therefore bitcoin easier to become an international virtual currency than the dollar fix.
on internet people are readily preferring to use ony bitcoin as they find it more convenient to use only bitcoin so it is true that bitcoin will be the digital international currency.
Sure bitcoin may take control of online transactions one day but it wont happen soo soon, bitcoin is growing slowly and will take some years till it get a huge visibility and interest.

yes it will take some time but will not take dozens of years but I can see that bitcoin will capture the the online business in 2020. and after that it will start to spread out to offline business too.
full member
Activity: 140
Merit: 100
October 16, 2016, 06:44:36 AM
no, Usd is much more popular than bitcoin,but i think that bitcoin is better
hero member
Activity: 952
Merit: 500
October 16, 2016, 05:14:25 AM
The dollar is an international currency and many countries with their economies are tied to this currency. Therefore bitcoin easier to become an international virtual currency than the dollar fix.
on internet people are readily preferring to use ony bitcoin as they find it more convenient to use only bitcoin so it is true that bitcoin will be the digital international currency.
Sure bitcoin may take control of online transactions one day but it wont happen soo soon, bitcoin is growing slowly and will take some years till it get a huge visibility and interest.

It will take decades for the bitcoin to be used as a major online currency. It also depends on further development.
Time will tell but what I have been seeing now is we are steadily improving, more adoption are coming in as evidence by the steady price increased. We need to be optimistic this time that the success will continue as expected.
legendary
Activity: 1386
Merit: 1027
Dump it!!!
October 16, 2016, 04:39:47 AM
The dollar is an international currency and many countries with their economies are tied to this currency. Therefore bitcoin easier to become an international virtual currency than the dollar fix.
on internet people are readily preferring to use ony bitcoin as they find it more convenient to use only bitcoin so it is true that bitcoin will be the digital international currency.
Sure bitcoin may take control of online transactions one day but it wont happen soo soon, bitcoin is growing slowly and will take some years till it get a huge visibility and interest.

It will take decades for the bitcoin to be used as a major online currency. It also depends on further development.
hero member
Activity: 938
Merit: 500
October 15, 2016, 08:14:55 PM
The dollar is an international currency and many countries with their economies are tied to this currency. Therefore bitcoin easier to become an international virtual currency than the dollar fix.
on internet people are readily preferring to use ony bitcoin as they find it more convenient to use only bitcoin so it is true that bitcoin will be the digital international currency.
Sure bitcoin may take control of online transactions one day but it wont happen soo soon, bitcoin is growing slowly and will take some years till it get a huge visibility and interest.
hero member
Activity: 672
Merit: 500
October 15, 2016, 05:41:16 PM
The dollar is an international currency and many countries with their economies are tied to this currency. Therefore bitcoin easier to become an international virtual currency than the dollar fix.
on internet people are readily preferring to use ony bitcoin as they find it more convenient to use only bitcoin so it is true that bitcoin will be the digital international currency.
legendary
Activity: 3486
Merit: 1280
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October 15, 2016, 05:10:31 PM
With the current world trend, crypto is going to entirely flush out fiat as time goes on.

With only 400k active Bitcoin users on board, it may take a bit longer than you might think, since everything is known to take longer than you think. Besides, Bitcoin obviously has terrible scalability issues lying ahead of it if the number of active users grows significantly over time. Would the Bitcoin network be able to cope with just 4M active users? And what if their number grows tenfold again and then again?

I'm not even talking about Bitcoin entirely flushing out the fiat in the end
full member
Activity: 238
Merit: 100
October 15, 2016, 04:40:11 PM
With the current world trend, crypto is going to entirely flush out fiat as time goes on.
full member
Activity: 239
Merit: 250
October 15, 2016, 03:05:34 PM
The dollar is an international currency and many countries with their economies are tied to this currency. Therefore bitcoin easier to become an international virtual currency than the dollar fix.
Taxes on the dollar and take great even when you take a loan, you give the problem and make the dollar is also a problem. Employers do not adhere to the exchange rate, and so the problems with this currency too short.
sr. member
Activity: 240
Merit: 250
October 15, 2016, 02:43:31 PM
The dollar is an international currency and many countries with their economies are tied to this currency. Therefore bitcoin easier to become an international virtual currency than the dollar fix.
legendary
Activity: 1372
Merit: 1008
October 15, 2016, 09:36:43 AM
Bitcoin is not popular than US Dollars.US dollars is in the market from more time, but Bitcoin is in its early stage.US Dollars is accepted worldwide for payment whereas Bitcoin is accepted in few places.US
that's such a normal thing because dollar had been exist since few decades ago while bitcoin actually invented by satoshi nakamoto on 31 October 2008 and released in january 2009,that's the struggle when you compare thing that had been existed from an age ago with something new
I think although bitcoin are old though I do not think that bitcoin could defeat the dollar. not to in the United States, although bitcoin became famous and popular all over the world, but it does not automatically bitcoin can beat the dollar or any other fiat currency.
sr. member
Activity: 364
Merit: 250
October 15, 2016, 08:25:43 AM
You cannot compare bitcoin and the dollar is a different faction! Bitcoin is not associated with the primitive territorial entities (States, republics, regions, States), it is absolutely decentralized. With bitcoin you can pay instantly with anyone, anywhere. With bitcoin you can send packages of documents and related information. The blockchain allows for a transparent accounting within any enterprise. It's not all the advantages, but it is enough to say that the dollar category is quite different.
legendary
Activity: 1540
Merit: 1003
October 15, 2016, 01:45:51 AM
As we know that bitcoin has high price to USD, even bitcoin still brand new in worldwide.
USD for sure more though than bitcoin, use in every country and known as international payment
We can't compare both of it, each one has it own advantages in financial world.

There are some places that people don't accept USD but only bitcoin and there are lots of places that you are forced to pay in cash or through fiat money.

Bitcoin is good enough to make online payments and without worrying that the buyer will chargeback or something else (if you do legal and the right way).

For international payments through USD this is a bit complicated and takes some fees which with bitcoin it can be passed within <$1 max. I consider both as winners.

Correct. It is about how wide the options are. There are this online shops which dont have a lot of options in their payment method. If it is bitcoin in their website them it will be good for us. But for others they still prefer cash or credit card. We have our own opinion in this matter so it is at your own convenience to what you will pick

There is always an alternative way to make the payment but what we don't want are the high fees of the third party services.

In this case we can make payments through bitcoin debit card (virtual or real plastic cards) but we need first to convert to USD and then spend them which they take fees of course.

And by sending your bitcoins to someone else to hold them for you is not recommended because it's not 100% safe. So USD is leading and bitcoin is way too far.
legendary
Activity: 2940
Merit: 1083
October 15, 2016, 01:29:18 AM
As we know that bitcoin has high price to USD, even bitcoin still brand new in worldwide.
USD for sure more though than bitcoin, use in every country and known as international payment
We can't compare both of it, each one has it own advantages in financial world.

There are some places that people don't accept USD but only bitcoin and there are lots of places that you are forced to pay in cash or through fiat money.

Bitcoin is good enough to make online payments and without worrying that the buyer will chargeback or something else (if you do legal and the right way).

For international payments through USD this is a bit complicated and takes some fees which with bitcoin it can be passed within <$1 max. I consider both as winners.

Correct. It is about how wide the options are. There are this online shops which dont have a lot of options in their payment method. If it is bitcoin in their website them it will be good for us. But for others they still prefer cash or credit card. We have our own opinion in this matter so it is at your own convenience to what you will pick
hero member
Activity: 490
Merit: 520
October 15, 2016, 01:10:53 AM
For sure the USD is a lot bigger still than bitcoin and will always be cause the USD has been around for so long that it is hard to be competitive against it.
But the bitcoin will become quite big though so who knows BTC might defeat USD one day.

I also believe that Bitcoin is still weak. At this time, the dollar wins. But nobody knows what will happen in the near future
yes you are right bitcoin is still weak because little demand but when bitcoin become famous because has been adopted by bank, i believe bitcoin will much stronger than usd.

I don't think that bitcoin is weak because think that we are still few in the market but look upon the price of bitcoin. It can tell us already what is the value of bitcoin in the economy. But bitcoin to be adopted by banks I don't think that it will happen because they don't have powers to control it but only US dollar.
A weak coin will not progress, what I see is that the price of bitcoin is good and this year alone we have a good increase already so I guess that is already a sign of a strong coins, in addition we have witness the crisis in the previous months but now bitcoin is still back on its progressive status.
Even coins stronger than a majority of their counterparts can still be easily regarded as weak or something that will never progress meaningfully, and you can see that with coins like Litecoin, Ethereum, Monero, and whatever else they would have.
legendary
Activity: 1540
Merit: 1003
October 15, 2016, 12:59:26 AM
As we know that bitcoin has high price to USD, even bitcoin still brand new in worldwide.
USD for sure more though than bitcoin, use in every country and known as international payment
We can't compare both of it, each one has it own advantages in financial world.

There are some places that people don't accept USD but only bitcoin and there are lots of places that you are forced to pay in cash or through fiat money.

Bitcoin is good enough to make online payments and without worrying that the buyer will chargeback or something else (if you do legal and the right way).

For international payments through USD this is a bit complicated and takes some fees which with bitcoin it can be passed within <$1 max. I consider both as winners.
hero member
Activity: 952
Merit: 500
October 14, 2016, 10:32:05 PM
For sure the USD is a lot bigger still than bitcoin and will always be cause the USD has been around for so long that it is hard to be competitive against it.
But the bitcoin will become quite big though so who knows BTC might defeat USD one day.

I also believe that Bitcoin is still weak. At this time, the dollar wins. But nobody knows what will happen in the near future
yes you are right bitcoin is still weak because little demand but when bitcoin become famous because has been adopted by bank, i believe bitcoin will much stronger than usd.

I don't think that bitcoin is weak because think that we are still few in the market but look upon the price of bitcoin. It can tell us already what is the value of bitcoin in the economy. But bitcoin to be adopted by banks I don't think that it will happen because they don't have powers to control it but only US dollar.
A weak coin will not progress, what I see is that the price of bitcoin is good and this year alone we have a good increase already so I guess that is already a sign of a strong coins, in addition we have witness the crisis in the previous months but now bitcoin is still back on its progressive status.
hero member
Activity: 518
Merit: 500
October 14, 2016, 03:00:14 PM
For sure the USD is a lot bigger still than bitcoin and will always be cause the USD has been around for so long that it is hard to be competitive against it.
But the bitcoin will become quite big though so who knows BTC might defeat USD one day.

I also believe that Bitcoin is still weak. At this time, the dollar wins. But nobody knows what will happen in the near future
yes you are right bitcoin is still weak because little demand but when bitcoin become famous because has been adopted by bank, i believe bitcoin will much stronger than usd.
legendary
Activity: 3248
Merit: 1130
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October 14, 2016, 01:46:00 PM
USD is way bigger than Bitcoin is at the moment but that doesn't come as a surprise I suppose. I don't think we should be too ambitious about Bitcoin. It's a very nice system and thought out process but I don't think we can reach the level of USD.

It is not about being ambitious. It is the way they look at USD now. There have been spreading news in social media about the Grand Fall of USD due to Saudi Arabia stopped mining oil. Russia getting a hand full of gold to avoid USA from getting precious metals reserve and same with China who is taking a lot of gold now. You have seen the price of oil now? It is at $52 per barrel. This is different with bitcoin. They got a lot of demands buy cant give anything. That is why Canada and America now are digging to get oil at their own countries.
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