Will the US Dollar dominate bitcoin trading - page 5.

rekinthis

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Quote from: Hahnatise on August 23, 2016, 07:49:41 AM

Quote from: Backside walkaround on August 06, 2016, 08:10:59 PM

It would be so nice for things to be priced and denominated in BTC, but that isn't going to happen in my lifetime. At least that's how it seems, but strange things have happened in the world. Nothing would surprise me at this point.

In the openbarzza or some deepweb site, the goods are priced in the bitcoin. But it will not be applicable to the main net in the foreseeable future.

yeah those websites are really great for bitcoin in my opinion, bitcoins are getting only bigger because of the and it will make dollar disappear

buxlover

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Quote from: Snorek on June 19, 2016, 11:53:20 PM

Exchange volume distribution shows clearly that over 75% of Bitcoin trading operations is conducted in CNY.
USD is second top traded currency with only 18% of market share. So I as you can see dollar is not dominating bitcoin trading at all.

Top 5 Bitcoin trading currencies are: CNY, USD, EUR, JPY, and suprisingly PLN.

This shows many users using these currencies in their country are using bitcoin not that particular currency is dominating.

obliviously bitcoin cannot dominate fiat currency of that country unless bitcoin becomes currency of that country.
Day to day expense has to be managed by their fiat currency.

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Quote from: Doamader on August 23, 2016, 06:23:05 PM

Almost all if not all transactions are based into the dollar, bitcoin has more support from dollar then eur or other currencie, atleast i see the volume being traded in dollar be big and eur and others a bit down. I doubt dollar can control bitcoin as its universal coin, euro and yen are already two currencies well used.

well you are right people are actually willing to make dollars not bitcoins though in the future i hope that it is going to be changed

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Quote from: Bitcoinbee on June 07, 2016, 05:23:33 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 do believe tha the US Dollar already dominates the Bitcoin trading, most people trade in there Bitcoin for US Dollar but I am not sure why that even is.
Maybe it is just a coincidence or maybe there is a logic reason behind this.

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Quote from: MariusAr on August 28, 2016, 06:01:52 PM

Mostly yes, the only way you will not accept USD is if you are from China.

well you are right, usd will always be the main thing when it comes to bitcoin trading, though there are a lot of chinese people in bitcoin so yuan also has a big impact

Sontoloyo

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Quote from: MariusAr on August 28, 2016, 06:01:52 PM

Mostly yes, the only way you will not accept USD is if you are from China.

In the real life maybe yes, but we must know that China also have the biggest USD stock in the world and the giver of the debt for USA, and many Bitcoin users from China still use USD-Bitcoin for trading.

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Quote from: MariusAr on August 28, 2016, 06:01:52 PM

Mostly yes, the only way you will not accept USD is if you are from China.

Well they love their country so mucb that is why. They always agree in what their government tell them and carry out what they command. Not really that flexible in their side.

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Quote from: randy8777 on August 25, 2016, 05:37:13 AM

Quote from: Doamader on August 23, 2016, 06:23:05 PM

Almost all if not all transactions are based into the dollar, bitcoin has more support from dollar then eur or other currencie, atleast i see the volume being traded in dollar be big and eur and others a bit down. I doubt dollar can control bitcoin as its universal coin, euro and yen are already two currencies well used.

actually, the chinese yuan dominates the trading volumes, and leaves the dollar far behind. the dollar comes second when it comes to trading volumes.

you are right, dollar has no bigger impact on bitcoin price to be honest and i doubt that it will have it in the future

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Quote from: takingthis4 on August 30, 2016, 08:27:24 AM

Quote from: MariusAr on August 28, 2016, 06:01:52 PM

Mostly yes, the only way you will not accept USD is if you are from China.

i really doubt that, i think that dollar crash is going to happen pretty soon and in my opinion bitcoin might even take over dollar in the future

it is known that dollar can collapse but still think that its prime in bitcoin trading over euro or some other national money
still if dollar collapse dont think that bitcoin can replace it so easily still it will take time and effort for it

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Quote from: MariusAr on August 28, 2016, 06:01:52 PM

Mostly yes, the only way you will not accept USD is if you are from China.

i really doubt that, i think that dollar crash is going to happen pretty soon and in my opinion bitcoin might even take over dollar in the future

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Mostly yes, the only way you will not accept USD is if you are from China.

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Quote from: Bitcoinbee on June 07, 2016, 05:23:33 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?

US dollar dominates bitcoin trading now.Why are you asking this question,when the answer is obvious.

USD is the world`s most popular and used currency and this isn`t going to change soon.

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Quote from: Hahnatise on August 23, 2016, 07:49:41 AM

Quote from: Backside walkaround on August 06, 2016, 08:10:59 PM

It would be so nice for things to be priced and denominated in BTC, but that isn't going to happen in my lifetime. At least that's how it seems, but strange things have happened in the world. Nothing would surprise me at this point.

In the openbarzza or some deepweb site, the goods are priced in the bitcoin. But it will not be applicable to the main net in the foreseeable future.

it will actually be possible if the adoption is going to be really fast as more and more people will be demanding for it

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Quote from: Doamader on August 23, 2016, 06:23:05 PM

Almost all if not all transactions are based into the dollar, bitcoin has more support from dollar then eur or other currencie, atleast i see the volume being traded in dollar be big and eur and others a bit down. I doubt dollar can control bitcoin as its universal coin, euro and yen are already two currencies well used.

actually, the chinese yuan dominates the trading volumes, and leaves the dollar far behind. the dollar comes second when it comes to trading volumes.

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yes it may be possible ,but not within short time , if the USD price goes down globally , there may be chance of bitcoin is gaining and dominating on trading . bitcoin is now popular crypto currency , almost all internet sites using bitcoin for transaction.so more popularity should come on bitcoin

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Quote from: iv4n on August 23, 2016, 07:57:42 AM

Dollar is already dominate in trading with bitcoins and some other coins also. I doubt situation will change, Americans trade mostly and everything is spinning around them. They arranged everything to be connected with dollars, dollars is main currency for many things. Probably its gona be same with btc, like it is now, situation will stay the same. I give little chances to Chinese, maybe they can turn things up side down in the future, but chances for that are small.

What exactly kind of trading you are talking about? Because Bitcoin is traded mostly in CNY not USD. Exchange volume distribution by FIAT currency is dominated by CNY (over 90%)!
Dollar is used less than 10% of all bitcoin related trades. Then we have Euro with like ~1% and all other currencies combined.

Doamader

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Almost all if not all transactions are based into the dollar, bitcoin has more support from dollar then eur or other currencie, atleast i see the volume being traded in dollar be big and eur and others a bit down. I doubt dollar can control bitcoin as its universal coin, euro and yen are already two currencies well used.

ttargett

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Quote from: iv4n on August 23, 2016, 07:57:42 AM

Dollar is already dominate in trading with bitcoins and some other coins also. I doubt situation will change, Americans trade mostly and everything is spinning around them. They arranged everything to be connected with dollars, dollars is main currency for many things. Probably its gona be same with btc, like it is now, situation will stay the same. I give little chances to Chinese, maybe they can turn things up side down in the future, but chances for that are small.

well yeah though if dollar falls then in my opinion bitcoin is not going to be dependent on it any more, at least thats what i hope for at the moment

iv4n

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Dollar is already dominate in trading with bitcoins and some other coins also. I doubt situation will change, Americans trade mostly and everything is spinning around them. They arranged everything to be connected with dollars, dollars is main currency for many things. Probably its gona be same with btc, like it is now, situation will stay the same. I give little chances to Chinese, maybe they can turn things up side down in the future, but chances for that are small.

Capradina

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Quote from: Hahnatise on August 23, 2016, 07:49:41 AM

Quote from: Backside walkaround on August 06, 2016, 08:10:59 PM

It would be so nice for things to be priced and denominated in BTC, but that isn't going to happen in my lifetime. At least that's how it seems, but strange things have happened in the world. Nothing would surprise me at this point.

In the openbarzza or some deepweb site, the goods are priced in the bitcoin. But it will not be applicable to the main net in the foreseeable future.

Yeah, I too have noticed that all the goods that are sold in price shown definite deepweb using bitcoin. somehow they can find out about the bitcoin, however obvious this may damage the image of the bitcoin in society. I hope they can all hide the transaction and does not expose some of their activities into the family or close friends about using bitcoin and advantages they can get. Something that exists in the internet will not be lost, unless they are banned or is there something errors

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