Will the US Dollar dominate bitcoin trading - page 2.

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Quote from: Bitcoinbee on June 07, 2016, 06:23:33 AM

The US dollar has been dictating most of the trades world wide from crude oil to anything. Is there a possibility that it will dominate in the trading of Bitcoin?

Yes it "dominates" in oil and even stocks trading, so that is not a big surprise that it will dominate in bitcoin trading too, in fact, it already does that as most of trades are done with $

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Quote from: Bitcoinbee on June 07, 2016, 06:23:33 AM

The US dollar has been dictating most of the trades world wide from crude oil to anything. Is there a possibility that it will dominate in the trading of Bitcoin?

I am sure that the US Dollar is going to dominate the Bitcoin trading again I am sure of that because no other currency has come even close to the Dollar.
I do not see this changing for a while now, do you guys think that an other currency will come on top?

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Quote from: Bitcoinsummoner on October 12, 2016, 01:58:38 PM

Quote from: Hahnatise on October 12, 2016, 01:43:54 PM

Quote from: PsursV on October 11, 2016, 03:54:12 PM

to me as US Dollar is the most popular currency of the world and is also the most stable, as it dominate all the other paper currencies of the world, so we can say that it also dominate the bitcoin, but i think there is no match of USD with bitcoin because USD is a paper money where as bitcoin is a crypto currency.

The US dollar is the most stable or the stongest currency now. It might be replaced by the bitcoin in 20 years.

It will never be happen that usd can be replace by bitcoins .. bitcoin will always just use as alternative payment processor online we can not change that.. only the adoption we will see for bitcoin and price increase .. and more people using bitcoin..

I don't think that it is going to happen either because that is going to be considered by a lot of reason first. And the USD will able to dominate and manipulate the bitcoin trading because bitcoin is depending its value to US dollar. But it is still going to depend on the US government how they are going to take bitcoin seriously.

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Quote from: Hahnatise on October 12, 2016, 01:43:54 PM

Quote from: PsursV on October 11, 2016, 03:54:12 PM

to me as US Dollar is the most popular currency of the world and is also the most stable, as it dominate all the other paper currencies of the world, so we can say that it also dominate the bitcoin, but i think there is no match of USD with bitcoin because USD is a paper money where as bitcoin is a crypto currency.

The US dollar is the most stable or the stongest currency now. It might be replaced by the bitcoin in 20 years.

It will never be happen that usd can be replace by bitcoins .. bitcoin will always just use as alternative payment processor online we can not change that.. only the adoption we will see for bitcoin and price increase .. and more people using bitcoin..

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Quote from: PsursV on October 11, 2016, 03:54:12 PM

to me as US Dollar is the most popular currency of the world and is also the most stable, as it dominate all the other paper currencies of the world, so we can say that it also dominate the bitcoin, but i think there is no match of USD with bitcoin because USD is a paper money where as bitcoin is a crypto currency.

The US dollar is the most stable or the stongest currency now. It might be replaced by the bitcoin in 20 years.

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to me as US Dollar is the most popular currency of the world and is also the most stable, as it dominate all the other paper currencies of the world, so we can say that it also dominate the bitcoin, but i think there is no match of USD with bitcoin because USD is a paper money where as bitcoin is a crypto currency.

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Quote from: Bitcoinbee on June 07, 2016, 06:23:33 AM

The US dollar has been dictating most of the trades world wide from crude oil to anything. Is there a possibility that it will dominate in the trading of Bitcoin?

The US is dominating the Bitcoin trading for quiet some while now and I do not think that this is going to change anytime soon because I see nee reason for it changing.
The US Dollar is going to keep dominating it for some time to come.

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Quote from: katiecbell on October 08, 2016, 03:24:13 PM

Quote from: Mastsetad on October 05, 2016, 04:46:38 AM

That can only be possible if bitcoin gets usable all over the world and every country doing trades with each other would legalize it and would be using it within their countries, then maybe those two bitcoinic countries do trades in bitcoins in place of dollars or any other currency, otherwise the trend will go on.

You are right as it is sure that when everyone will do trades with bitcoin and will happily accept bitcoin in their dealings then bitcoin will dominate the world trade and will dominate the trade of USD too.

For something like that to happen Bitcoin would need to be recognized as having value in and of itself, right now, when people see something online priced in Bitcoins, they immediately get their calculators out to see how much it is in dollars, Bitcoin is valuable thanks to the dollar value associated with it.

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Quote from: naidray on October 10, 2016, 03:38:54 AM

Quote from: Chrismeister on October 04, 2016, 10:59:10 AM

Quote from: Bitcoinbee on June 07, 2016, 06:23:33 AM

The US dollar has been dictating most of the trades world wide from crude oil to anything. Is there a possibility that it will dominate in the trading of Bitcoin?

Yeah the US Dollar is already dominating the Bitcoin trading and I do not believe that it is going to change anytime soon now.
Why the US Dollar is one the that is dominating is something that I also do not know.

The US dollar is dominating trade of bitcoin because dollar is a known currency all over the world and everyone can use this currency easily over the world so people like to trade bitcoin with USD (BTC/USD) and so I think it maybe true that USD is currently dominating who knows, in future bitcoin will dominate and so that people may trade USD against bitcoins (USD/BTC).

not just known but what you want to buy/exchange it always calculated in dollars
this is not just for bitcoin all market are measured in dollars

so simple answer is yes

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That should be a given since we all know that the U.S. dollar is the universally accepted international currency. Hence the price of bitcoin is usually based on U.S. dollars. It is hard to imagine that bitcoin's price will stand by itself without the equivalent to dollar value.

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Quote from: Chrismeister on October 04, 2016, 10:59:10 AM

Quote from: Bitcoinbee on June 07, 2016, 06:23:33 AM

The US dollar has been dictating most of the trades world wide from crude oil to anything. Is there a possibility that it will dominate in the trading of Bitcoin?

Yeah the US Dollar is already dominating the Bitcoin trading and I do not believe that it is going to change anytime soon now.
Why the US Dollar is one the that is dominating is something that I also do not know.

The US dollar is dominating trade of bitcoin because dollar is a known currency all over the world and everyone can use this currency easily over the world so people like to trade bitcoin with USD (BTC/USD) and so I think it maybe true that USD is currently dominating who knows, in future bitcoin will dominate and so that people may trade USD against bitcoins (USD/BTC).

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Quote from: morantis on October 08, 2016, 09:44:48 PM

The Bitcoin dominates Bitcoin trading, because it is Bitcoin trading. How can another currency dominate the exchanges for something else, that makes no sense. The dominant currency in Bitcoin is Bitcoin and if that changes, then it will not be Bitcoin trading anymore it will be X trading.

Bitcoin value is base on the dollar price, and you are correct that in bitcoin trading bitcoin dominates all other currency but in dollar trading then dollar is the dominating currency.

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The Bitcoin dominates Bitcoin trading, because it is Bitcoin trading. How can another currency dominate the exchanges for something else, that makes no sense. The dominant currency in Bitcoin is Bitcoin and if that changes, then it will not be Bitcoin trading anymore it will be X trading.

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Quote from: upsidedown75 on October 07, 2016, 05:04:34 PM

Quote from: Chrismeister on October 04, 2016, 10:59:10 AM

Quote from: Bitcoinbee on June 07, 2016, 06:23:33 AM

The US dollar has been dictating most of the trades world wide from crude oil to anything. Is there a possibility that it will dominate in the trading of Bitcoin?

Yeah the US Dollar is already dominating the Bitcoin trading and I do not believe that it is going to change anytime soon now.
Why the US Dollar is one the that is dominating is something that I also do not know.

Currently it is dominating but I do not think that in the future it will remain the same as bitcoin itself is a currency and if it became a global currency then it will never need any other currency to trade with as after that no one will need to trade it with USD when USD will not remain a global currency.

it will never happen I know bitcoin is the currency but in the trade remains in need of other currencies as the comparison value of the currency itself like now usd is one currency that is very popular in the investment.

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Quote from: Mastsetad on October 05, 2016, 04:46:38 AM

That can only be possible if bitcoin gets usable all over the world and every country doing trades with each other would legalize it and would be using it within their countries, then maybe those two bitcoinic countries do trades in bitcoins in place of dollars or any other currency, otherwise the trend will go on.

You are right as it is sure that when everyone will do trades with bitcoin and will happily accept bitcoin in their dealings then bitcoin will dominate the world trade and will dominate the trade of USD too.

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Quote from: Chrismeister on October 04, 2016, 10:59:10 AM

Quote from: Bitcoinbee on June 07, 2016, 06:23:33 AM

The US dollar has been dictating most of the trades world wide from crude oil to anything. Is there a possibility that it will dominate in the trading of Bitcoin?

Yeah the US Dollar is already dominating the Bitcoin trading and I do not believe that it is going to change anytime soon now.
Why the US Dollar is one the that is dominating is something that I also do not know.

Currently it is dominating but I do not think that in the future it will remain the same as bitcoin itself is a currency and if it became a global currency then it will never need any other currency to trade with as after that no one will need to trade it with USD when USD will not remain a global currency.

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Quote from: justdimin on October 07, 2016, 04:31:14 PM

Quote from: hawkins on September 29, 2016, 07:03:37 PM

Quote from: 2legit2 on September 29, 2016, 06:38:27 PM

Quote from: Taki on September 08, 2016, 11:05:55 AM

I think the US dollar is already dominate and affect on bitcoin's price. Dollar has a great power to all the world and bitcoin will not have even a chance.

thats true, dollars are really important when it comes to bitcoin trading, pretty much it is based on dollar

Well, after all this time the dollar is the currency of the best, but I'm pretty sure that one day the dollar will not be able to affect trade bitcoin. because the longer bitcoin will be even better than on the dollar. but for now I think it's true, that the US dollar is already dominate and Affect on bitcoin's price

I think dollar do not have any effect on bitcoin. It is true that most of the trade of bitcoin is in dollar but it is only because dollar is a global currency and everyone have only one option if they want to sell their coin for any fiat and as soon the businesses start to adopt bitcoin and purchases and payments will be available with bitcoin people will leave to trade bitcoins with dollar and will prefer to bitcoin only.

Yes, dollar currency at this time is best and people largely have dollar for their usage but you can see that whenever someone hear about bitcoin and their features they immediately adopt bitcoin and try to use only bitcoin instead of dollar.

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Quote from: hawkins on September 29, 2016, 07:03:37 PM

Quote from: 2legit2 on September 29, 2016, 06:38:27 PM

Quote from: Taki on September 08, 2016, 11:05:55 AM

I think the US dollar is already dominate and affect on bitcoin's price. Dollar has a great power to all the world and bitcoin will not have even a chance.

thats true, dollars are really important when it comes to bitcoin trading, pretty much it is based on dollar

Well, after all this time the dollar is the currency of the best, but I'm pretty sure that one day the dollar will not be able to affect trade bitcoin. because the longer bitcoin will be even better than on the dollar. but for now I think it's true, that the US dollar is already dominate and Affect on bitcoin's price

I think dollar do not have any effect on bitcoin. It is true that most of the trade of bitcoin is in dollar but it is only because dollar is a global currency and everyone have only one option if they want to sell their coin for any fiat and as soon the businesses start to adopt bitcoin and purchases and payments will be available with bitcoin people will leave to trade bitcoins with dollar and will prefer to bitcoin only.

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Quote from: Bitcoinbee on June 07, 2016, 06:23:33 AM

The US dollar has been dictating most of the trades world wide from crude oil to anything. Is there a possibility that it will dominate in the trading of Bitcoin?

The contrary will happen. They cant afford it anymore after more years so they might want to start buying now and hoarding bitcoin while their fiat still got some value. Somehow it could add up to their strength.

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Yes, without realizing or not, most of the country always used usd to become comparison, in bitcoin also happened like that, most of people like to used usd to do conversion because usd is international currency, so if we trade nitcoin with usd it will be easier for us to spend it

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