Bitcoin Forum

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

Bitcoin is loosing ground to other coins and not only is it slow but the fees are far too high
and need to get back to a few cents just like they were for most of the past eight years.

We liked on-block with low fees and we are not getting that with Lightning and are being taken for
fools not to call the hubs banks and they are just playing with words.

I don't really that think we can consider Bitcoin as the equivalent of dollars: $ belongs to the government whereas BTC is completely decentralized. Their systems are completely different.

Well, in my opinion, governments will never allow Bitcoin as principal way of payment (such as dollars). As they can't control it, that would be useless for them. And we must not forget that BTC stays a CRYPTOcurrency.

I think it's something like that, we are joining with stock markets and buying share for gaining profit on the other way I think same situation stand for we are want to buy cryptocurrency for gaining profit.

Difinitely bitcoin is not actually equivalent into dollar in terms of value, it is because the total value of bitcoin is more higher when we compare into dollar, one bitcoin today is equivalent to $10,000 dollar more or less. If ever bitcoin price level will equivalent into dollar, that's a useless thing in bitcoin, and cause lesser interested to access bitcoin.

Bitcoin has another function , it´s the bridge between virtual and fiat currencies , when people get into crypto they buy bitcoin and with bitcoin they buy altcoins , when they want to get cash they sell altcoins for bitcoin and bitcoin for cash

I agree with the OP, I don't really look at the value per USD I look at the BTC value and of course like many other people we are simply tring to grow our main coins such as BTC, ETH, LTC... so we should look at their value. USD value is really irrelevant if you are in this game for long time and will simply use it as a currency later in your life.


Have you tried SegWit? You clearly don't have any idea about how low fees are now. I am sending transactions with fees less than 1 dollar now with SegWit! Bitcoin is losing dominance only because it is to much expensive for people who neter the market seeking for an 100x ROI and while with bitcoin it is much harder to achieve this goal as alts move faster which is why we have seen money slowly sliding down to alts. Bitcoin will not die and it is here to stay there have to be competition in this field.

It seems to take a long time to convince everyone, if bitcoin equals dollar, because bitcoin is different with dollar, I think let bitcoin run according to its function and its importance respectively.

It's very possible once it's even better to use bitcoin from dollars, even though the dollar is steady but bitcoin with rising prices is good and gives better returns.

Every currency differs, so does the virtual and real currency. Both has a value yet will always differ. So saying something could have been equivalent is  like saying they are taking the same economical state. This could rarely happen but not all the time. Dollars and bitcoins are two different currencies with different values.

         I think bitcoin is more than a dollar equivalent because 1bitcoin is already reach $20000 dollar. Dollar is just a conversion rate we used for bitcoins and other digital currencies because it is an international monetary currency. After we got bitcoin we need to convert it into our local money and not a dollar before we can widraw it.
         

These two currencies between dollars and bitcoins are just as great in their respective worlds, I think bitcoin can be better than the dollar, because the bitcoin range can be widespread with the internet network, and the ever-rising prices are soaring and also free of inflation.

Even though I don't really believe in the comparison you're making (I think there are a lot more benefits to cryptocurrencies that you leave out as well as some downsides), I wouldn't really consider the dollar to be a bitcoin equivalent. With fiat currencies, there isn't one "central hub currency" that you can always use to get all the other currencies. If that was the case, that main currency would be worth way more. Bitcoin is like the major currency that you can use to buy other currencies and that often can drive the price up.

What do you mean in terms of the ratio of the value of the assets you have, and if that's what you mean, certainly the answer is no, because currently bitcoins have asset values ​​higher than the dollar. But if you mean the same as having the highest gain, these two exchanges are certainly the correct answer.

I would consider Bitcoin more like gold.  Gold is accepted anywhere in any country.  I think Bitcoin someday will rise to that level.  I look at Bitcoin more like an asset than a currency like the dollar.  The dollar is backed by the USA government, while Bitcoin is backed by everyday people. 

I think BTC is the network of virtual network gold! You can't see it, but BTC has his meaning! Many people use storage, invest!

The difference is that the number of BTC is very small, the storage of gold is very big!

You can also buy other coins in dollar. I think that bitcoin can be a commodity and also a currency, so it is more complex than the dollar.

Bitcoin itu setara dengan dollar yaitu sama-sama memiliki nilai kurs yang tinggi.Jadi bedanya ada pada bentuk fisik kalau bicoin itu mata uang virtual dan dollar itu mata uang riil.Kesimpulannya adalah dollar penggunaannya terbatas sedangkan bitcoin itu penggunanya banyak dan berbagai kalangan.So bitcoin bisa dikatakan lebih berharga dari pada dollar.

The cost of ordinary currencies is insured by gold assets or central banks. The value of Bitcoin is that its just a limited amount. Bitcoin does not depend on any changes in the value of the underlying assets of countries, but relies on the basic principles of market demand and supply.

There is no global financial management that limits or increases the number of Bitcoins available, unlike conventional currencies, which can be managed by central banks. There is less uncertainty associated with this, since Bitcoin can not be used to control inflation or economic growth.

This idea is too far to become a reality. First bitcoin should be recognized as a secondary currency if not primary by the government. Then we need bitcoin to be widely accepted as a form of payment by retailers or merchants. If more businesses will accepts bitcoin then most likely than not stock exchange can accept bitcoin for a stock.

Remember gold has its value but since nobody or it is very rare for anyone to  accept gold. Stock market can not accept gold as a payment for stocks.

That's right, it takes time to convince everyone to do every transaction using bitcoin, but if that can happen, I think the government will not allow it, because every country has its own currency, and there is no benefit to the government. .

yes it is true that you say, but the difference is if the stock market can not be accessed by the public and if cryptocurrencies can be accessed by the public, and this is where we have financial freedom.

between bitcoin and dollar is distinctly different, bitcoin is a decentralized virtual currency so no bank is the center of bitcoin circulation so that all kinds of notes about bitcoin transactions exist only on computers that have been systematically designed. Technically if we look at the obvious bitcoin exchange market side will be very profitable when compared with Dollar because bitcoin is very transparent and can not be controlled any party.

I think that the system is different, in case of fiat money the price of each currency is measured in comparing to one another, in crypto prices are independent. Besides, we are still buying other cryptos with dollars and other fiat money, and not only with bitcoin. ICOs most often take ETH as a form of payment.

bitcoin is not equivalent to dollar money because bitcoin has a very expensive price than bitcoin. Dollars can only be used to buy bitcoins but that does not mean dollars are equivalent to bitcoin

I would not agree, these two have different system. Dollar is currency  and Bitcoin is more likely asset.

I don't really think we can compare the bitcoin to dollar equivalent. As cryptocurrency is volatile and i think the sysyem is different. These two are really different. It wouldn't be compared.

I don't think so. Dollar is a government money, meaning it is controlled by them fully while on the other hand Bitcoin is a decentralized money which the government doesn't have any control on it. Simply put, with bitcoin, we can transfer almost anonymously without government surveillance all the time.

Aside from Bitcoin and Ethereum, there are more than 1,200 altcoins in the entire crypto market. Which currency you mostly use to buy, personally using ether mainly to buy alt coins. All of the crypto money valued by usd equivalent, bitcoin as well.

In stocks you're buying shares with dollars but in cryptocurrencies you're buying tokens with Bitcoin. It means Bitcoin is dollar in cryptocurrencies market.

Maybe, if you equate the real world with the crypto world. Because in the real world we can buy anything with dollars, and in the crypto world we can buy all altcoin with bitcoin. But if you equate dollars with bitcoin in the real world, it must be different and not the same.

It is something like that because in cryptocurrencies, the exchange of almost many coins. While in stocks it is like usd to another stocks. Just like that.

You can spend Bitcoin on whatever you want in the hundreds of thousands of merchants accepting it. Granted, Bitcoin's merchant adoption level is very low if we put it against the adoption level fiat payment services enjoy, but that will change slowly but surely. LN will shake things up when deployed globally, because it gets rid of three important obstacles;

1) transaction fees.
2) confirmation times.
3) transaction processing capability.

From there the only obstacles remaining are the volatility and the lacking will to spend. In case of the latter, I hope that the aforementioned 3 points will at least make them more comfortable spending instead of solely hoarding. Currently I can definitely understand that there is no real incentive to move away from traditional payment services, but that will change once LN gets embraced by merchants. LN's lower fees might even result in merchants getting rid of the product premiums due to the fees that CC's and other services charge, which merchants calculate in their prices.

The official currency will or will not be unknown at the moment because Bitcoin jumps up then down.

Bitcoin is not a dollar equivalent. It is something far more superior. Dollars are simply worthless papers which could be forged or printed anytime by various people. Bitcoin can't be forged, that's what makes it so valuable. Not to mention that it is decentralized and nobody can't stop it anymore from expanding. It is a matter of time before we will all ditch dollar and all fiats in order to use cryptocurrencies. There will be a lot of discussions whether or not it is a good idea but I have high expectations of Bitcoin. There's one thing that Bitcoin can't be used in the same way as dollar. Taking cocaine ;)

I would say yes. if you put it that way, bitcoin is definitely the equivalent of dollar. We all know that dollar is somewhat the universal money in this world and many countries need to convert their money to usd to buy something internationally (like tech or resources). You will see in a lot of exchanges bitcoin is used to buy other coins. I think only a handful of coins are ready to be bought on dollars.

You can buy the  bitcoin with dollar ,but you cant compare the bitcoin with dollar.here is the reason:
1.Bitcoin is very flexible or highly risky or highly volatile,
2.No international support  for bitcoin like dollar,
3.No one here to take responsibility  if it crash,
4.No one can regulate,

I would like to agree like the real currency, dollar is the basis and center of exchange while in cryptocurrency bitcoin is the dollar value on stock market exchange but in cryptocurrency we need to go many methods and payment before we actually done an exchange so there are similarities and differences.

No, that's not quite true. Bitcoin can be bought for dollars, but not everywhere. Bitcoin has many other functions. Economic and practical.

that's true in someway, because when you come to the cryptocurrency section of digital technology, i think bitcoin is the boss. But one thing is that not every coin is staked against bitcoin for trading.

The crypto currency in general and the bitcoins in particular have their own adherents - those who believe that this is the currency of the future - and critics who believe that with the currency of these "virtual money" there is nothing in common. For example, Professor Warren Weber, consultant Bank of Canada, is convinced that bitcoin could become a global currency, but only if it manages to overcome the fierce resistance of central banks and governments, which it threatens with the loss of levers of influence on the economy.

Bitcoin can become a world currency and such a transition is inevitable over time. Simply crypto currency needs a little more time to develop.

Crypto currency is a new kind of assets that are represented only as records in a distributed database of a blockage with protection against forgery of records, transparent to all users and partially anonymous. In fact, this is a new form of world money. So far, rather, its test part, which has a financial evaluation in real money.

Bitcoin does not have a profit margin. The bonds have a coupon, the shares have profits and dividends. Bitcoine does not have any support at all, except for the hope that someday you will sell it more than you bought it.
Absence of any kind of material basis is the main thing that, according to many experts, will not allow the crypto currency to become a full-fledged means of payment.

Bitcoin is not money in the classical sense. From the classical properties of money - absolute liquidity, the ability to measure the value of goods and the preservation of value - it is stretched to a stretch corresponds only to the first.

Bitcoin can be a good tool for speculative investment, but it is not a tool for reliable calculations, savings or the equivalent of value.

Absence of any kind of material basis is the main thing that, according to many experts, will not allow the crypto currency to become a full-fledged means of payment.

As you explain and see how things can be said to be equivalent. But Bitcoin is quite different.

You mean like both as primary used for buying and selling other stuff. That could be the nearest definition I could get to your post. But I think that is a yes for me.
Buying altcoins and even Ethereum which have a large value by now will go to the Bitcoin path. There is not much exchange who prefers dollar to ETH or altcoin. It is only USD to BTC. So I guess it could really be the primary money here in the crypto world, and also the most popular just like USD.

Probably, in the future such variant of events is probable and bitcoin will replace the world currency. Convenient and practical, also as safe as possible.

I personally do not think we can compare the dollar with BTC, at least because of the huge difference in the volatility of the two currencies. But there may be some little resemblance between them. I'm not sure  :)

compare bitcoin to dollar or euro or another currency is wrong. bitcoin is something diffrent. bitcoin is created against these markets. Bitcoin will never be a paper and will never be controlled by an authority. So let's accept bitcoin is not only a money and not to compare anything. Maybe it will be accepted by the goverment is one day but not as a currency to trade.

bitcoin is best than dollar.bitcoin is more valuable than dollar,because, dollar will always depend on cryptocurrency. dollar will never fluctuated,on the other hand, bitcoin will multiply the value of dollar. dollar will not profitable, but, bitcoin will always profitable and economical.

i dont think so... constant change is always there... :D

Now a bitcoin is about 56,000 yuan. Currency exchange 56,000 yuan = 8284.0237 US dollars.

Bitcoin is worth more than a thousand dollars like today 1 xbt is equivalent to 8.995.04 USD when we convert it to xe currency converter so meaning bitcoin is much more than a dollar.

this is actually in principle the same stock exchange dollars with virtual coins, but the dollar we can hold and more real and bitcoin only on write it and the price is more bitcoin one bitcoin can tens of dollars, but on the principle of stock and investment alike.

Bitcoin can be compared to dollar. The difference is that bitcoin is a digital currency and dollar is a physical asset. Bitcoin can be sent to anyone if he has bitcoin account. This is through digital transaction and the receiver can receive the bitcoin amount in seconds. This is a very convenient way of sending money.

for exchange rate, bitcoin is better than dollar. but still the dollar is the currency that became the benchmark all over the world. whereas bitcoin only determines its own value and only becomes a benchmark for the price of crypto only.

This is distinctly different, though In theory the same, but basically different. Bitcoin without trading in the market, already has a volatile value, so by just buying Bitcoin constantly and save it alone you include participate in affecting market prices, demand> supply, so bitcoin prices will continue to rise. While the price increase of stock assets is based on market and business news.

I don't think bitcoin is equal to dollars. The dollar could be used in the world, governments around the world recognise the value of it, people can use the dollar to buy a lot of goods, but the bitcoin is not accepted by people around the world, the bitcoin to pay only accepted by a few shops

I believe OP is asking on whether Bitcoin is like USD in the crypto world since altcoin prices are mostly presented in Bitcoin. I believe you can say so. Bitcoin is the leader in crypto and most exchanges trade altcoin against Bitcoin. Although you can find ETH-Altcoins pairs too.

I think it's something like that. You need to change your coins to bitcoin to cash them out. Now some exchanges gives you some other options to turn your coins to fiat (BCH, LTC, WAVES, ..)

Somewhat yes, Bitcoin being the king of all coins just like dollar being the highest or most used among all currencies. In terms of importance they are not equal though (yet) Because bitcoin doesn’t affect an economy. If ever government get involved with bitcoins then it can be considered equal to a dollar. Simply because they will be toe to toe with its value.

In my opinion, the government will never allow Bitcoin as the primary means of payment (like dollars). Because they can not control it, it will not work for them. And we must not forget that BTC remains CRYPTOcurrency.. ;)

You are kind of right. Bitcoin is actually dollar of digital currency. But there are many differences in both. One major difference is dollar is treated as currency whereas bitcoin is treated as investment/asset.

well, if in my opinion, bitcoin will not be equivalent to dollar, because bitcoin there is no physical form and also bitcoin that we know is cryptocurency.

I think it's hard to happen. the value of bitcoin is unstable. we need something stable like dollars

Bitcoin is much better than the dollar it has limited emission, it is a new modern technology of the future built on blockchain, Bitcoin will be very valuable over time! With Bitcoin, I can make a transfer anywhere and it won't take long.

In my opinion there are strong similarities between the bitcoin and the dollar. Both are the reference currencies on their markets, both are reserves of value and measure and quotation of the other currencies and tokens.

compare Bitcoin investments vs. other investment dollars Gold is an investment choice if you want to retain the value of an asset, but stocks are a good investment option if your investment goal is to profit

No right now you can't , see it more like an asset. Altough it is possible to pay with bitcoin it isn't really viable , the network is pretty slow and the transaction fees are to expensive. With the way bitcoin is now it has more in common with gold or something.

I truly believe in bitcoins. I believe it is the future of finance and it will forever change how we use money. However, I would say that bitcoins is just a jump off point of sorts and I think governments will just adopt the concepts and frameworks it has laid down. What will happen is that governments will ditch physical paper money and coins and go with cryptocurrency in their own way.

n we compare the crypto assets market to the stocks markets in standard, can Bitcoin be considerated as the equivalent of the dollar?
Inside the stock exchage we buy shares with dollars.
Inside the cryptocurrencies exchanges we buy tokens or gold coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

Yes ofcourse, Bitcoin has the highest value in the market and no one can compete with this digital currency as its demand is higher than that of any other currency that can be a dollar, euro and can be pounds. So it is totally incomparable. For our exchange we just equalize currencies with Bitcoin in order to buy and sell. Rest it is incomparable in the market. It has totally covered the global market.

In my opinion, bitcoin is not the equivalent of the dollar and, in any case, will not be in the near future. In my opinion, bitcoin has nothing to do with the dollar at all, except that both serve as a means of payment and storage of value. Bitcoin is completely different from the dollar and can never replace it.

I think not yet, with how the bitcoin has been volatile and experiencing drops I don’t tink wecan really try to compare the bitcoin into any kind of world currency to be honest. But as an investor in bitcoin I still do believe that we can still get over this and that the cryptocurrency market is the currency of the future. That I think is one thing we can all look forward to and look around to.

Bitcoin are calculated in dollars but not equivalent directly on market exchange, base on current market price of 1btc = 7000+ USD which everyone know or even expected to be more than that prize, as the case may be.

I dont think bitcoin would be condesidered as equivalent to dollar. Bitcoin is a different currency that has its own price. Price change according to its demand vs. supply. Just like other commodities, equity, and other currency. Bitcoin has its own generic kind that hunger the people to buy or sell that  help them generate more income.

Yes, bitcoin is playing the role in the crypto world which dollar is playing in the normal world. It’s the king of the crypto world and most of the people around the world know cryptocurrency by the name of bitcoin.

Yes, this is must to know. Bitcoin is a crytocurrency king for exchange/trading whereas dollars is already a real bill treated world wide. Absolutely bitcoin is not equivalent to dollars because 1BTC is equivalent to more or less $20000 dollars, this is how it differs.

I don't really that think we can consider Bitcoin as the equivalent of dollars: $ belongs to the government whereas BTC is completely decentralized. Their systems are completely different,  bitcoin works on the principle of free market,  while cash works on the principle of centralized market.

Big No. To say bitcoin is a dollar equivalent implies that 1usd is equal to 1bitcoin. It is USDT, Tether, that one can say is equivalent to USD because it is pegged to the $. Buying crypto with dollar means you are placing a value to the altcoins or bitcoins ,and hope it price is what you believe it is worth.

There is no comparison between bitcoin and dollar as such . Dollar is just a currency restricted to one country and bitcoin is free of such things and is decentralized and independent of government . Bitcoin is also very dynamic and can be converted from or into any other digital currency . Bitcoin and dollars are only compared for price comparisons in order to simplify the people about the current price of bitcoin as they are more interested to know the price in dollars since bitcoin is not very much accepted by the governments.                                 

To buy bitcoin you need to have fiat currency, if no how are you going to invest in other things, even if you want to mine these coins you need to invest a bigger capital, so what you really do is you are spending fiat currency every time and the only difference i see from stock exchanges and crypto currency market is that, stock exchanges does not operate round the clock and that is not the case with crypto currency market.

If I understood you right, you mean that Bitcoin is the equivalent of Dollar in the crypto currencies world ? If this is your question, then yes for sure Bitcoin is the oldest crypto currency and the most successful and valuable one right now. All the other altcoins get influenced by the Bitcoin's market and price, and it is needed to trade most diogiatl currencies.

well, these two can't never be same, no matter, regardless how you push them together on the same scale, bitcoin and dollar are not. many people are still highly doubtful about it, some assume more than it should be. but personally, it's not happening to me.

Local currencies are widely used on different countries local stock markets. But the US Dollar is the leading currency when it comes to international stocks and bitcoin is the equivalent of USD here in the crypto market.

Maybe bitcoin is the same as dollars in cryptocurrencies. It is one of the oldest currencies and we compare almost all the prices with bitcoin. Yet that is just in cryptos because they really are nothing alike when compared in general.

Bitcoin is even more then the dollars because bitcoin can be used wider transactions and across borders but in the case of the dollars it transactions capacity or  it coverage is limited to it area or country of origin or a limited country that support the use of dollars.

If you are dealing in fiat then perhaps. Usually bitcoin is equated to gold and litecoin to silver.

I think about that bitcoin and other cryptocurrencies from replacing the dollar in everyday transactions, one stands out: volatility value fluctuation in relation to the dollar.That’s according to a recent survey conducted by bitcoin an independent research firm in exchange of doller, which found that percentage of cryptocurrency holders see cryptocurrency volatility as the most important barrier of using cryptocurrencies in everyday transactions.both in value and popularity, of digital currencies like Bitcoin have made them impossible to ignore are dollers system exchange of rate to the project.

Anytime we compare the crypto assets market to the stocks markets in standard, can Bitcoin be considerated as roughly the same as the dollar?
In the stock exchage we buy shares with us dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

the government will never allow Bitcoin as the primary means of payment (like dollars). Because they can not control it, it will not work for them. And we must not forget that Bitcoin remains CRYPTOcurrency.

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If bitcoin is equavalent of 1 dollar maybe everyone who hold their coins is very happy, because their are future in bitcoin and they know bitcoin is the answer to all the financial problem.

Bitcoin and dollars is different from many aspects as we all know that bitcoin is a digital currency and its price fluctuates and sometimes its so low while dollars is a fiat money that people uses everyday in their transactions and itis the most used currency in the world.

As a currency exchange, maybe bitcoin is equivalent to dollar and can be traded. But as a payment, Bitcoin can not be equivalent to the dollar because there is no regulation that allows Bitcoin as payment, also not many stores are willing to accept Bitcoin as payment.

Yes bitcoin was not equal to dollar. They have a big difference from each other. Look on their value, the appearance, the usage, and other things. I think they are just both currency which we need for our everyday life. Bitcoin was not a dollar since it was a cryptocurrrency that exist in a crypto world.

For me bitcoin is incomparable to dollar. Dollar is a currency. Cryptocurrency has different system. Also dollar is already recognize legaly in the government. They are both volatile in some ways but the volatility of dollar can be consider as stable. It does not lose its value.

currently bitcoin can be said to be equivalent to the dollar, bitcoin is currently worth the dollar just bitcoin can not be used by everyone, for example people who do not understand about the internet he will not be able to use bitcoin. with the dollar, the dollar is worldwide, many people who know him even use it. with that we can conclude dollar and bitcoin balanced

in my opinion bitcoin and dollar are very different, you use dollars to buy bitcoin and if the dollar is replaced with bitcoin it seems very difficult because if you look at the very limited supply of bitcoin it will make bitcoin harder to get, so maybe bitcoin will only be alternative currencies only.