USD vs BTC - page 86. | Bitcointalksearch.org

JumperX

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Quote from: Ayers on August 27, 2016, 12:32:53 PM

Quote from: dihari on August 27, 2016, 10:59:06 AM

Of course no. Almost all the people buy bitcoin with dollar.
What do you think? As long as you withdraw your bitcoin in exchanger with usd, bitcoin is just like another fiat.

yes in fact it's better to use bitcoin like you use fiat, so you treat it like a real currency and not a surrogate, also not all of them buy with dollar, there is eruro and cny that are used to buy bitcoin on a exchange

The fact is we need to convert our btc to fiat to spend it as bitcoin is accepted only at limited places at a moment and converting btc to local currency is not a big deal now.

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Quote from: dihari on August 27, 2016, 10:59:06 AM

Of course no. Almost all the people buy bitcoin with dollar.
What do you think? As long as you withdraw your bitcoin in exchanger with usd, bitcoin is just like another fiat.

yes in fact it's better to use bitcoin like you use fiat, so you treat it like a real currency and not a surrogate, also not all of them buy with dollar, there is eruro and cny that are used to buy bitcoin on a exchange

Snorek

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Quote from: dihari on August 27, 2016, 10:59:06 AM

Of course no. Almost all the people buy bitcoin with dollar.
What do you think? As long as you withdraw your bitcoin in exchanger with usd, bitcoin is just like another fiat.

So many misconceptions in one short sentence. Actually the most used currency to trade bitcoin according to exchanges volume is Chinese Yuan Renminbi no USD.
I am not talking here if Chinese exchanges are manipulating their volume but official data shows that over 90% exchange currency distribution belong to Yuan.

And bitcoin is not like FIAT. It is currency but it stays in the opposition to the FIAT.

dihari

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Of course no. Almost all the people buy bitcoin with dollar.
What do you think? As long as you withdraw your bitcoin in exchanger with usd, bitcoin is just like another fiat.

randy8777

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Quote from: ?? on ??

Quote from: wibuindon on August 27, 2016, 03:26:03 AM

Everyone still uses the dollar as their main currency.
I think the deployment of bitcoin is slow.

Not the deployment of bitcoin is slow but the adoption. Because there are a lot of hindrances that people who hate bitcoin are doing. But still USD is going to conquer if we are going to compare that two. And we all know that the value of bitcoin is also depending on the price of USD so definitely USd is the winner as of these days.

if you consider how certian governments are being harsh on bitcoin, and how the media world wide is hitting down on bitcoin, then you can only be happy that we have been growing. it's basically pointless to call its growth or adoption slow. as you also said, there are a lot obstacles for bitcoin to overcome. everything takes time.

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Quote from: ?? on ??

Quote from: wibuindon on August 27, 2016, 03:26:03 AM

Everyone still uses the dollar as their main currency.
I think the deployment of bitcoin is slow.

Not the deployment of bitcoin is slow but the adoption. Because there are a lot of hindrances that people who hate bitcoin are doing. But still USD is going to conquer if we are going to compare that two. And we all know that the value of bitcoinis also depending on the price of USD so definitely USd is the winner as of these days.

I don't know whom you refer by we, but the dependence of the value of Bitcoin on the price of the US dollar (its value) is very inconsequential at best. The fact that the price of Bitcoin is mostly denominated in dollars has nothing to do with this. It is like saying that the value of apples depends on their price...

While in reality the relation is diametrically opposite (it's price that follows the value)

wibuindon

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Everyone still uses the dollar as their main currency.
I think the deployment of bitcoin is slow.

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Quote from: panju1 on August 27, 2016, 12:30:21 AM

Quote from: BitHodler on August 26, 2016, 06:37:41 PM

Quote from: PeRo on August 26, 2016, 03:33:05 PM

Bitcoin is certainly not more or nearly as popular as the US Dollar. It sure has spreaded all over the world, but more people use the US dollar and almost everyone on the globe knows that it exists, while a lot of people does not use Bitcoin and more people do not know what Bitcoins is or that it even exists. The price might be higher, but it has got less people using it.

Bitcoin will never come even close to the "popularity" and usage of the US Dollar. But that is also not needed.
Bitcoin will just function at its own level where people looking for fast and cheap money transfers and a bit of financial freedom.
This is where Bitcoin shines. But again, on its own level.

The dollar has had a good run, for the last century. It replaced the pound after the decline of the British Empire.
It is about time for a new currency to take over as the global reserve currency. Whether it will be Bitcoin, I don't know.

I don't see any chances that bitcoin will take over any other currency of a certain country, bitcoin is just an alternative currency which was designed for a special purpose and it can only be useful for online, to be huge we need paper money for bitcoin but I doubt if people will trust it.

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Quote from: BitHodler on August 26, 2016, 06:37:41 PM

Quote from: PeRo on August 26, 2016, 03:33:05 PM

Bitcoin is certainly not more or nearly as popular as the US Dollar. It sure has spreaded all over the world, but more people use the US dollar and almost everyone on the globe knows that it exists, while a lot of people does not use Bitcoin and more people do not know what Bitcoins is or that it even exists. The price might be higher, but it has got less people using it.

Bitcoin will never come even close to the "popularity" and usage of the US Dollar. But that is also not needed.
Bitcoin will just function at its own level where people looking for fast and cheap money transfers and a bit of financial freedom.
This is where Bitcoin shines. But again, on its own level.

The dollar has had a good run, for the last century. It replaced the pound after the decline of the British Empire.
It is about time for a new currency to take over as the global reserve currency. Whether it will be Bitcoin, I don't know.

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Quote from: PeRo on August 26, 2016, 03:33:05 PM

Bitcoin is certainly not more or nearly as popular as the US Dollar. It sure has spreaded all over the world, but more people use the US dollar and almost everyone on the globe knows that it exists, while a lot of people does not use Bitcoin and more people do not know what Bitcoins is or that it even exists. The price might be higher, but it has got less people using it.

Bitcoin will never come even close to the "popularity" and usage of the US Dollar. But that is also not needed.

Bitcoin will just function at its own level where people looking for fast and cheap money transfers and a bit of financial freedom.

This is where Bitcoin shines. But again, on its own level.

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Quote from: ontrackk on August 25, 2016, 05:57:57 PM

Quote from: twerdefnce on August 25, 2016, 03:35:59 PM

Quote from: deisik on August 25, 2016, 03:05:58 PM

Quote from: potatopower on August 24, 2016, 06:32:18 PM

Quote from: fkvidar on August 19, 2016, 11:54:13 AM

Quote from: ?? on ??

USD still popular over high popular is compare bitcoin
you wrong is compare, maybe compare dollar paypal , dollar perfectmoney dollar okpay is right placed compare
is comare USD not equal, USD real curency in the world , bitcoin digital curency

I have no idea what you are trying to say but for me I think USD is still better currency in compare to bitcoin as it can be used anywhere to buy anything.

it is not a better currency at all, bitcoins are the best because they are not controled by any banks or other financial institutions

But Bitcoin is essentially controlled by major mining pools now. They seem not to exercise their power (at least, openly), but apart from that, they are just like any other financial institution which has control over money (the US dollar or whatever)...

So what's the difference really?

well you are right, thats what i dont like about bitcoins because it becomes a little bit centralized

though it is impossible to avoid it and you cannot do anything about it, its not a tragedy that some people have more power

it is really bad, bitcoin should be really decentralized to be honest, in my opinion it is the main thing why a lot of people actually use it

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Quote from: marketone on August 26, 2016, 06:38:02 AM

I would think that the USD is more stable then more valuable than bitcoin so I will go with that for now.
It has backing from the federal reserve so you know that it won't easily drop in prices like bitcoin will.

yes dollar is stronger than bitcoin but how high ever you seen dollar rise in a month against your local currency, can dollar give a great advantage like bitcoin.

PeRo

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Bitcoin is certainly not more or nearly as popular as the US Dollar. It sure has spreaded all over the world, but more people use the US dollar and almost everyone on the globe knows that it exists, while a lot of people does not use Bitcoin and more people do not know what Bitcoins is or that it even exists. The price might be higher, but it has got less people using it.

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Quote from: funkenstein on August 26, 2016, 02:11:15 PM

Quote from: deisik on August 25, 2016, 03:05:58 PM

Quote from: potatopower on August 24, 2016, 06:32:18 PM

Quote from: fkvidar on August 19, 2016, 11:54:13 AM

Quote from: ?? on ??

USD still popular over high popular is compare bitcoin
you wrong is compare, maybe compare dollar paypal , dollar perfectmoney dollar okpay is right placed compare
is comare USD not equal, USD real curency in the world , bitcoin digital curency

I have no idea what you are trying to say but for me I think USD is still better currency in compare to bitcoin as it can be used anywhere to buy anything.

it is not a better currency at all, bitcoins are the best because they are not controled by any banks or other financial institutions

But Bitcoin is essentially controlled by major mining pools now. They seem not to exercise their power (at least, openly), but apart from that, they are just like any other financial institution which has control over money (the US dollar or whatever)...

So what's the difference really?

The difference is that USD is privately issued. Therefore USD issuers can issue any amount at any time, at no cost to the issuer, and we the people have no way to know or verify that it happened

Isn't this exactly what control over money means? Indeed, if an entity that grabbed control over Bitcoin would try to hit hard, it would almost certainly fail. For example, if it had decided to cancel halving (the hypothetical event much talked about before the recent halving), it would have brought down the wrath of regular bitcoiners most likely ending up nowhere. But this doesn't in the least prevent such an entity from acting in ways which are more subtle...

But which could potentially be no less destructive in the long run than the plain old rampant printing of money, Zimbabwean style

SidaroffVany

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Quote from: SANALIU on August 26, 2016, 02:49:56 PM

USD its dollar is poppular in the world
all people in the world we know dollar, all country use dollar to payment international export and import
dollar is real curency

bitcoin its digital curency, its batle head to head maybe is good same digital curency
bitcoin only use and know is make money online
is not all people maker money online know about bitcoin
only payment is online

Bitcoin through his limitations in popularity will not be able to have a large consumer audience. And the specificity of use cryptocurrency only through the Internet has its own difficulties.

SANALIU

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USD its dollar is poppular in the world
all people in the world we know dollar, all country use dollar to payment international export and import
dollar is real curency

bitcoin its digital curency, its batle head to head maybe is good same digital curency
bitcoin only use and know is make money online
is not all people maker money online know about bitcoin
only payment is online

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Quote from: randy8777 on August 26, 2016, 01:39:24 PM

Quote from: marketone on August 26, 2016, 06:38:02 AM

I would think that the USD is more stable then more valuable than bitcoin so I will go with that for now.
It has backing from the federal reserve so you know that it won't easily drop in prices like bitcoin will.

the us dollar is released by a government that has gone bankrupt on paper several times. but they are still standing. every other country would have gone bankrupt, but the us government not. very legit. bitcoin is a playing tool for whales, so you can't blame bitcoin for being volatile. that being said, the volatility is what makes bitcoin interesting for many people in the world.

Yeah your right also bitcoin is just an good alternative for usd for transferring money all over the world unlike usd high fees and it takes a long time before you can receive the money.

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Quote from: deisik on August 25, 2016, 03:05:58 PM

Quote from: potatopower on August 24, 2016, 06:32:18 PM

Quote from: fkvidar on August 19, 2016, 11:54:13 AM

Quote from: ?? on ??

USD still popular over high popular is compare bitcoin
you wrong is compare, maybe compare dollar paypal , dollar perfectmoney dollar okpay is right placed compare
is comare USD not equal, USD real curency in the world , bitcoin digital curency

I have no idea what you are trying to say but for me I think USD is still better currency in compare to bitcoin as it can be used anywhere to buy anything.

it is not a better currency at all, bitcoins are the best because they are not controled by any banks or other financial institutions

But Bitcoin is essentially controlled by major mining pools now. They seem not to exercise their power (at least, openly), but apart from that, they are just like any other financial institution which has control over money (the US dollar or whatever)...

So what's the difference really?

The difference is that USD is privately issued. Therefore USD issuers can issue any amount at any time, at no cost to the issuer, and we the people have no way to know or verify that it happened.

BTC is publicly issued - any new coins are announced publicly and verifiably to all participants. Such coinbase events are limited in amount and frequency, and only appear when proof of costly work has been presented.

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Quote from: traderbit on August 26, 2016, 12:18:43 PM

Thats why bitcoin is Ideal currency of traders. and dollars is not. that's why bitcoin getting thousands of daily investors.
this price ups and down make bitcoin very great for trading and getting profit. and that's what bitcoin created for.
bitcoin is not famous like dollar because dollar is United Stated Currency and it is no doubt the super power's money. but bitcoin is also strong enough in its own place.

It's not like that. There are lots of USD exchange traders to other fiat currencies today and the trades are healthy.

You just see bitcoin as ideal currency for traders since you are here in the bitcoin community so the knowledge of yours about the subject is just intact and revolving only around the bitcoin world.

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Quote from: marketone on August 26, 2016, 06:38:02 AM

I would think that the USD is more stable then more valuable than bitcoin so I will go with that for now.
It has backing from the federal reserve so you know that it won't easily drop in prices like bitcoin will.

the us dollar is released by a government that has gone bankrupt on paper several times. but they are still standing. every other country would have gone bankrupt, but the us government not. very legit. bitcoin is a playing tool for whales, so you can't blame bitcoin for being volatile. that being said, the volatility is what makes bitcoin interesting for many people in the world.

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