Bitcoin Forum

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 could have happened. Now the power of a very large bitcoin. and it is not possible a few years in the world trade is going through bitcoin as a medium of payment.

Well it's natural so your expectations are right, But imagine if some big economic "crash" happens and the dollar collapse? Maybe some other currency will dominate the trading then? Anyway I want to remind you that, the bitcoin itself is created to replace the fiat currencies, so in the future there may not even be a dollar or euro etc... and every trade will be made in Bitcoin :)

Still it will be a long way if eventually it will happen since we are still in the process of acquiring more to support the trading amount needed for a huge market and to be in control globally.

actually is china yuan that cover most of btc txs in the world (see bitcoinwisdom to take an idea)

Has the monetary value of yuan increased from last year since I have no idea in the fluctuation of currencies.  Or has it been demonetized?

The US dollar already dominates the Bitcoin trading scene. It is the market with more volume to trade. Aside from the US, the chinese Yuan also has a lot of volume to trade, but the US dollar dominates even in Chinese exchanges

I think almost anyone who is not from China would rather recieve USD than Yuan if they had a choice.

Right now, CNY is dominating bitcoin trading.

It might happen.

Bitcoin has opened so many doors which weren't available before.  The fact that bitcoin isn't regulated, can be a serious threat.

If such a measure will be taken in the future like knowing everyone's real name and how much they hold,, that may make the whole bitcoin thing pointless.

The USD kind of does already dominate the value of bitcoin trading, it is the most commonly referred to value of Bitcoin and most trading in Bitcoin happens through the USD and the Chinese Yuan if I remember correctly, and so those two currencies are fighting against each other most of the time.

What else would you want to trade Bitcoin for though? The dollar is the most widely accepted currency in the world, I think it makes sense to use dollar. I doubt anyone (other than locals) would want to hold Yen or Yuan in their account.

It's not surprise anymore because we know users of bitcoin are mostly americans. so US dominates trading. imo

even though some people has use Euro and Yuan for their bitcoin trading activity but i guess yes dollar will dominate in bitcoin trading may be because dollar as the most use currency in the world that's why people will chosen dollar than other currency

Dominate trading bitcoin? that will be quite confusing but bitcoin should have some value monetory value in terms of fiat but i think USD is not the only currency that is being used in bitcoin trading as you can see much of the trading volume are coming from china so yuan is used more than USD in bitcoin trading.

I don't think that the Bitcoin market is under the influence of the US Dollar, since the US can't pressure other exchanges to trade Bitcoin only in dollars. Although Bitcoin has properties of a commodity its exchange for fiat is a free currency exchange market. So Bitcoin is bought and sold via the currencies of people's choice. By volume, the Chinese Yuan is the dominant trading currency.

It's interesting to think the other way around: Could Bitcoin dominate US-Dollar trading? Definitely! Since Bitcoin is more attractive than any fiat currency due to its non-inflationary character it is at least reasonable to assume that - if succeeding in mainstream - it could become so sought after that the USD/BTC-exchange pair could ultimately be more relevant than USD/EUR.

ya.ya.yo!

USD price was not pumping its hard to earn an income while in Bitcoin now the price are continuous rising and after the halving i think it will be profitable for bitcoiners.

I dont think USD can dominate bitcoin trading online.Tho bitcoin can be obtained using your usd currency bitcoin has it own network and development and usd has its own too and besides it is different people who controls that two currency.Bitcoins controls most of all crypto coins online now and bitcoin trading is just for bitcoin and cannot be dominated by usd

I get what you mean. For the crypto currency's bitcoin is really the dominant one. But what I was trying to know if will the US Dollar dominate the trading of bitcoins over the Yuan, the Euro and other currencies?  So what do you use for trading bulk bitcoins?  Bitcoins?

What I can see right now is that the two possible strong candidate to dominate the bitcoin trading is between the US dollar and the PROC Yuan.  At the beginning of this year the US tried to demonetized Yuan in which I forgot to pay attention which leaves me to be hanging around with the status.

Difficult to say to be honest, I think it will dominate the market of trading of the bitcoin because the dollar is right now really controlling it for a most part .

Not in Asia,US Dollar will not dominate bitcoin trading in Asia,if we look into market cap in some Asian countries,they have dominate with local currency like Chinese Yuan,Japanese Yen and Rupiah in indonesia. but in european countries,US dollar will dominate and beat Euro.

I am also looking at countries within the trading community which has rampant trading activity mostly going to asia.  Is it some kind of a remittance?  Since the trading value could never be considered as a big one time amount.

yes it could be, although it looks now this market china has been dominating bitcoin trading but I think dollar remains in control in exchange of another country.

Probably not. Currently more than 50% of the bitcoin miners and corporations are from China. These guys control and own the supply of bitcoin, meaning that they influence most of the trading going on on the market. If the US is going to beat that, they will have to acquire more mining power, or the government will have to make a statement on the lines of "Bitcoin is awesome! Invest in it!", which will most likely never happen.

this is true but other thing is that dollar is main currency in trading so think that both can coexist without hurting each other
also this is very hard and difficult to predict

It's hard to say no because many bitcoin users buy bitcoin with US Dollar from bitcoin markets. In this situation, of course USD will control the value of bitcoin. Although there are some markets in Asia region which accept local currency but they still refer to international market. So I guess USD is dominating bitcoin trading right now.

This is just my opinion but many of us converts bitcoin to US Dollars. Because of that I think US Dollars already dominated in bitcoin trading and is traded worldwide.

I won't say USd is dominating bitcoin trading but you always need a benchmark to trade with anything.

USD, being the most popular currency, is set as a benchmark for most of the traders. You need something to compare your assets while being traded. So people are using USD. It is good as long as USD remains the most popular currency in the world. Otherwise trading people will find something else to be compared with.

Dont forget about Yuan,but there is so many of that printed green garbage,so some investors are trading in dollar,There is not so many euro users in the world,euro zone is small

USD is a global currency that people from all around the world trust it and use it in trading. so as long as the petro-dollar system is still powerful, US dollar will be dominating bitcoin trading

Yeah and I'm looking at it since the petrochemicals industry is still on its halfway thru being totally mind-out.  We can see Mega petrochem projects on-going in the middle east and I think some of it will be completed in a year or two while cross country pipe laying are still on-going too.  This means the petrochem projects are still in the process of construction.

It is possible that the dollar dominates the market of Bitcoins, but other currencies will still be used.
Because Bitcoin is used internationally.

Yes it will and already happening right know. also you will never know maybe someday dollar will change bitcoin forever.

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 is what I think too. As I see in asian country like China, they're more likely used Yuan than US dollar.

With the US being a global currency, both Europeans and Asians compare to the dollar, it's not surprise the same applies for bitcoin.
In fact it would be wrong if there was no or less trading with the dollar. It would have mean something is wrong with bitcoin.  Although I do think in time the Yuan will take over.

Both internationally as a global currency as in bitcoin trading (volume).

Did you even read any post in this thread beside op? Because 2 posts above yours you can find information that dollar is not dominant currency in bitcoin trading at all.
Yuan is already number one used currency in BTC trading if we take bitcoin exchanges volume as indicator.

Reference: http://bitcoincharts.com/charts/volumepie/ (http://bitcoincharts.com/charts/volumepie/)

So stop spouting nonsense about dominant role of USD in BTC trading...

Off course it will i think that us dollars will always be better to use instead of bitcoins same as the people think bitcoins will overrule the dollar in a way i dont think that will happen.

Will the dollar domiunate the bitcoin trading i dont think he will be able to dominate the bitcoin because both are totally different users.

If I am correct the US dollar is already dominating the Bitcoin trading because most people are selling there Bitcoins against the US dollar.
I think that this is going to be the same for a long time I do not see any reason why people would trade in for a other currency.

But the reason they're selling their bitcoin thru usd is to make a profit and there's no other reason anymore why they sell their coins. It wasn't dominating the bitcoin at all, they're just being clever because they dont want to miss the chance to profit.

thats true, most of the people that are involved in bitcoin trading or the people that use bitcoins are into it just to make a lot of profit in fiat, and in my opinion its not a good thing

i hope that in the near future bitcoin will replace the dollar and people will use bitcoins to buy dollars as dollar will be rarer than bitcoin, though those are my dreams only

Off course is he dominating the bitcoin trading and that is because the dollar is the most used valuta in the world. And bitcoins exist out of
dollar or euros how you want to see it. So yes us dollars dominate bitcoin trading becasue some times he is very high some times very low.

Off course will the us dollar dominate the bitcoin trading and that is only because there are allot of people who dont think the dollar means allot
to the coin but that is not true people bitcoins exist out of dollars so come on think a little bit further.

I think the dollar and bitcoin are in a different world, and maybe the dollar will not dominate bitcoin trading, as the price of bitcoin very rapidly changing, so very many people who can make money from bitcoin trading. so I think the dollar will not dominate bitcoin trading is easy, because if it was easy, perhaps it is already going from the first

Agreed,not need many times for US Dollar to dominated bitcoin trading,in every bitcoin exchange always have or accept US Dollar deposite,its why many people more interest to use US Dollar for trade with bitcoin. and also because US Dollar more popular than other currency.

Bitcoin may have the higher price but it will not have a right price if there is no dollar. Dollar is the one telling how much a bitcoin is and without it how can it be said to have a high price?

not to mention that dollar is prime value in normal exchanges all is spinning around dollar so im considering them the same cuz from one point of view you can say that btc is dollar on crypto exchanges

I've been dreaming on that too and I hope my dream will not just be a dream and I want it to be in reality. But all this time I really believe that bitcoin or any digital currency will replace our international paper money, once we see or people see the collapse on our economy people will look for another strong currency. I hope that they will look for the right one, bitcoin.

yes it's true almost on all bitcoin exchange using dollar as a comparison prices and very rarely to see any bitcoin exchange using other currency as the comparison prices may be because dollar as universal currency and the most use then they were decide using dollar

Im agree with you, more bitcoin exchange in dollar because dollar is universal currency any where you can exchange dollar in fiat in other country, but i think no bitcoin has a great value as decentralize currency and it has a potential to be centralize currency in the future.

From the exchanges volumes, the Chinese Yuan dominates the bitcoin trading. There are more bitcoin miners in China.

Yes because the U.S. dollar is a fiat money. It is the currency wherein it is the most used in international transactions.  It is also the world's primary reserve currency, thus, it almost and always dictating all of the trades world wide.  The value of bitcoin is based on US dollar.

no i am no agree with you, most of the users of bitcoin are not mostly Americans, it is wrong to say, i think the users of Russina are more that America the user of Chinies are more that American, the users of Japanies are more than american and so one, i personally not from American but still i first convert Bitcoin to USD and then to my fiat currency, and so the Indian the Russsins and users of so many other countries are using USD for bitcoin transaction.

If there's no value connected to BitCoin, how are we going to set value of products to trade in BitCoin?

bitcoin is going to be worth a lot then if it replaces dollar and i think that would be really great, people should use bitcoins every day and nothing else

The bitcoin might replace the US dollar and many other currencies. But that will take many decades or longer.

No,no it will not happent dollar is more and more smaller % world power.Euro have more chance now to control bitcoin price than dolar so it is not anymore bitcoin destiny in dollar.

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

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

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.

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.

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

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

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

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.

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

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

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.

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.

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

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.

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

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.

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

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.

There is no way US dollars will dominate crypto when we have localbitcoins.com
Why sell in dollars before converting to your local currency? ::) ::)

I think trading bitcoin for US dollars may be the most popular trading pair. I expect that the be the case going forward so it will play a role in the future of bitcoin trading.

Noo it will not happent because Euro will have btc to euro and euro to btc domination in trading because peoples from Europe know better to use bitcoin ccryptocurrency and they use it more often.

yes it is a fact that US Dollar is really dominating the bitcoin, mos the countries economy is depending on the US Dollar. but hope that in days bitcoin will be more powerful than any other currencies and all the world will be using bitcoin instead of fiat currencies or any other crypto currency.

If by 'dominate' you mean the currency that Bitcoin is most traded against then of course it's going to be the Dollar. What else would you want to use (other than perhaps your local currency)? The Dollar is the logical choice because it is the most widely recognized/accepted currency in the world.

im from Europe and most of my trades are in dollar only when im withdrawing some amount then its in euros
dollar is dominate here not just in crypto world but in all exchanges and markets on the world is prime value to trade

The dollar is globally the main fiat, and bitcoin is globally the most important cryptocurrency.
There are way more dollars out there than bitcoins.
So it is just natural that the two primarys of each of their segments are mainly traded against each othere, while the stronger one (dollar) dominates the smaller one.

The dollar is already making a dominate in all of the currency, it's not only in the world of cryptocurrency but in the world of fiat currency all of the types of fiat currency is always be affected by the dollar.

I think that the basement price which bitcoin can be valued in fiat is USD even though USD can drop a bit.
And from the usd exchange to other currencies is defined the exchange rate for example in EUR.

If you trade the bitcoin with other altcoins, the bitcoin will be the base currency. It will be more so in the future.

I have seen few article about one of OIL broker started accepting payment via bitcoin but forgot about the their site and name. However if this types of practice keep on growing, soon there will be lots of OIL suppliers that will be selling oil for bitcoin. This can harm USD just like they fear about getting dominated by gold over USD on oil trading.

Don't know what you mean on the last sentence but most of cryptocurrency investment is made in bitcoin.
So as long as bitcoin is being used so much for investment I think is good enough for the bitcoin itself.

If i think about it is logic that the US dollar will lead in the crypto atmosphere but then i think about it more logically and the answer is now.
China owns bitcoin, The market cap, the whales, the pools and the equipment... it is all owned or made in china.

But the volume in usd vs yuan is too large, i do expect the US volume will grow significantly in the near future, since more and more non Chinese parties decided to join bitcoin.

In terms of trading and stuff in bitcoin, I think US Dollar dominates. In terms of mining, etc China dominates bitcoin since they have the largest mining pools and many of bitcoin whales live there. Despite that in my opinion US Dollar still dominates now because the price is dictated by US Dollar, and the other currency's price is just a converted sum from the dollar equivalent.

No dollar will not dominate with bitcoin trading because euro is more and  more popular and euro will provably dominate in biitcoin trading.

yes i a also agree with you i think in present time Dollar is more reliable and stable currency than any other fiat or crypto currency, but hope that a time will come when bitcoin will be the best currency of the world.

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

The USD definitely dominates a majority of the online trading scene, however I don't know whether or not the USD dominates a majority of the other trading when it comes to volume.

I would definitely consider the Japanese Yen and Chinese Yuan big contenders for trading volume online, but I think a majority of money is still traded back and forth between USD and BTC.

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

come on. we all know the score with Chinese exchanges and some of the Japanese exchanges are zero fee too. if there was a zero fee usd exchange it would totally annihilate them in terms of volume.

BTC-E had zero fees for an entire month very recently, but it didn't do much with the BTC volume. However, the altcoin markets there had seen massive amounts of volume nearly on a daily basis. NMC, PPC, NVC, they were used by whales to buy and sell into their own walls to generate insane volumes. But in general, when USD exchanges also work with zero fees, then the volumes will surely increase, but I don't think it's enough to come even close to the Chinese volumes.

Threads created with USD involved as always. That says it all. It is really a strong currency for a lot of people know it. It is way too popular not to dominate any currency. I believe it can, the way people trusted it is just so much it is like they are being manipulated.

this dominate curency in trading bitcoin not US dollar
but yuan, you can see in coinmarket
this big volume transactin is number one still pair bitcoin yuan, huobi and okcoin stil dominate exchanger the big volume transaction
and huobi and okcoin from china

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.

Dollars are the main currencie worlwide, all transactions export and import are based on the dollar rating, dont know why they keep that way, as China and others countries wich has low cost on the production make the transactions considering dollar and not their own currencie.
Anyway the bitcoin and almost all currencies are traded against dollar, eur/btc has low volume if we compare them.

Everything is decided as per the US dollar and even when we trade in bitcoins, we mainly check the US price and the other currencies follow it. Since USA has the best economy and bitcoins aren't the currency of any country, the comparison holds no validity and hence no competition. If the dollar falls, it instead has an effect on bitcoin prices.

The US Dollar has been dominating the Bitcoin trading for some time right now and I do not think that it is ever going to change.
For some reason it is at the top and it will stay there for some time.

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.

Us dollar is dominating everything  here  in marketplace hence  it been used  majority and  being  paired  by most popular currencies  all over the  world and for bitcoin   usd  would surely  dominate it.

the marketplace here is very small. if you purely look at the trading volumes, then china is a real bomb. btc/cny dominates the trading volumes like there is no tomorrow.

these are the number of coins traded in the last 24 hours per currency.

usd ~ 20,000btc
eur ~ 6400btc
cny ~ 1,090,000btc

and yes, i know that chinese exchanges have zero fees which might inflate their volumes considerably. let's give their volume a cut of 90%. then still they are by far in front of all other exchanges.

that's right the chinese market are running so fast that there's so many transaction within a seconds while the USD to BTC marketplace just seems normal as usual,USD/BTC is nothing compared to CNY/BTC and some of traders that i know even prefer lurking on chinese market

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.

The US Dollar dominates the Bitcoin trading for some time right now and I think that they are going to dominate it for years to come.
The other currencies are never going to keep up with the trading.

Hold on, what`s the matter in worrying about USD dominating BTC trading, when USD de-facto dominates (half) the world trade anyway?
So yes, either directly or not the whole BTC community all over the world is affected by USD (I tell you that as an owner of RUR in my wallet)

yes in present time it must dominate bitcoin because US Dollar is much stable and almost use in all over the world, while bitcoin is a quite new currency and need more time to develop and become more popular,

for one month only. and have you looked into getting usd on there? you have to sign up with some weird third party transfer service, get verified with them and then pay an excessive fee to get your money sent. it might take a week or two. that's a long way from doing an ach or sepa transfer that sometimes arrives the same day and is often free.

Bitcoin and dollar both are different currencies and both are in competition will each other and we can see that bitcoin is accepted worldwide for their uses and everyone like bitcoin and bitcoin is not from any specific country but is an international currency so I think bitcoin will not be dominated by any other currency but it will dominate other trades.

USD's already dominating bitcoin trading, isn't it? My statistics say that most exchanges from fiat to BTC ( and vice versa ) are between USD and bitcoin. Also, most organizations that accept bitcoin but calculates in fiat show their prices in USD. I think, the fiat world will remain dominated by USD so bitcoin trading that includes fiat will be dominated by USD too.

im pretty sure. im in Canada right now and instead of using CAD conversion rates when trading bitcoin online i always end up using the USD conversion rates. i guess because its more standard it dominates over other currencies.

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

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.

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.

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.

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.

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.

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.

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).

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.

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

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.

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.

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.

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?

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 $

Off course is the us dollar dominating the bitcoin tradings and that is becuase the bitcoin exist out of the dollar you know lots of people dont know that
but bitcoins are dollars off course

I do think that the US Dollar is going to dominate again because they have been dominating ever since so it would be weird if they were not the one going to dominate.
It seems almost impossible for the other currency to keep up with it.

It is just dictating the currency being used where they are much popular but not with world wide trading. They use the USD because it the most used currency and can easily be converted back to their own. But I dont think they are dominating it is the contrary that is happening.

If I am correct the US dollar is already dominating the Bitcoin trading because most people are selling there Bitcoins against the US dollar.
I think that this is going to be the same for a long time I do not see any reason why people would trade in for a other currency.

the dollar is always dominating the bitcoin trades because the value of the bitcoin depends all about the dollars and when you dont have that amount of dollar youj wont be able to trade off course.

I heard the trading volume in the Chinese exchanges are very high and they do not use the US dollar to trade.

Though bitcoin adoption and acceptance among the world country people was increasing rapidly, it hasn't reached the level equal to dollar. Even now indirectly bitcoin has some dependence over dollar. So when people get the option of using bitcoin same as dollar the dominance of dollar over bitcoin decreases.

Well, I think that trading will mostly involve different altcoins and not USD or something like that. People would trade litecoins for bitcoins and bytes and so on. Usual currencies will leave the game field, because they are just to different and are strongly connected to specific countries.

It's universal here, and big countries such as US who thinks their fiat is losing it's value are investing their money in bitcoin because bitcoin moves on base on the demand, and it's getting bigger the adoption which makes the price increase. Maybe we just think US Dollar dominate bitcoin because it's how it's measured.

The way I think is different, dollar dominates the trading of bitcoin because bitcoins price is depending its value to dollar and no other currency. Because all of the currencies are also depending to dollar. And for trading, we can see that bitcoins price is increasing and maybe dollar has been affected by this bitcoins pump.

Yeah, since china market cap dominating bitcoin miners and the majority of bitcoin transactions over the last month came from yuan trades, indicates USD is behind them. USD might as worldwide accepted currency, dollar was the dominant currency, but that started to change in the end of 2013, as the volume of CNY transactions increase and now dominate about 90% of bitcoin transaction, no chance for USD rule bitcoin trading.

It's just about time, YUAN is good now but Dollar will overtake in the coming future, now that Trump was made as president,
there would be a lot of surprise.

The Chinese Yuan trade about the bticoin is more than the US dollar. Most of the new coins are mined in China.

Yes at this point of time bitcoin is dominated by dollar but not for long. The fact that bitcoin  are starting to accept local currencies sooner or later even without dollars bitcoin can survived. We can now buy bitcoin without using a dollar currency, we can use other currencies to buy bitcoins since bitcoin markets are now present in different parts of the world, a localized version. It simply means that bitcoin is no longer backed-up by dollars alone but by other fiat currencies as well and if dollar falls then thats the end of dollar dominating bitcoin.

US dollar had been used as the international currency for along time because US used to be a powerful country, so every country used the currency as the standard, it is also happens with bitcoin trading, actually in bitcoin, dollar is only a comparison, it got nothing to do with bitcoin

It's the global reserve currency because a lot of countries were decimated by the world wars, and the US had a powerful economy that proceeded to thrive off of selling manufactured and refined goods and materials to the countries throughout Europe which had been damaged during the wars. The US used it as a power grab and threw in the USD as the world reserve currency during this time, especially considering all other currencies were insanely weak.

If the two world wars had not happened, the US would not be as powerful as it is today.

This is true and we all know that USD is the most powerful currency all over the world if not then its one of the top and you are right its being used by the most powerful country and theres no effect into bitcoin since its value does really depend on this currency but it wont affect its current price of bitcoin.

Well if u are talking about legal trading ,most of it is going on through bitcoin trading .in the dark market everything is totally in bitcoins as it totally untraceable .well i would suggest the government to take measurable steps to eradicate it .

Since the USD is being used as an internation currency there is no doubt that it will dominate the bitcoin trading , but right now the number of bitcoin users and investors is mainly located in chin and central Europe which makes the bitcoin being traded for Euros and Yuan , but there is a large growing number of us users so i think that we might see the usd dominatinf the bitcoin trading.

I think its already been happen right now since we are using bitcoin right now with usd.. and i think the price of bitcoin is relaying in usd.. for international calculation or value of bitcoin.. so yes for me that us dollar was dominate bitcoin trading this year.. and more in the future.