allthingsluxury
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February 27, 2016, 01:01:32 AM |
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Competition of currencies is a good thing, no matter what the success. The market will decide what it wants as its money. Those who try to stifle this, are doing a vast disservice to humanity. Free money is the future.
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog |
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Imoote
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February 27, 2016, 05:29:22 AM |
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There is nothing to discuss about the bitcoin vs dollar. We already know that dollar is centralized as well has a long back history.
Considering bitcoin it is decentralized with not much history as dollar. But it got itself a state equal to dollar in a very short term.
Yes it's true I think bitcoin and the dollar is very different. Dollar has been around a long time in advance than bitcoin. The price of bitcoin in my opinion will not affect the dollar, but rather that the price of the dollar can affect the price of bitcoin. |
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pneumatic5
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★Bitvest.io★ Play Plinko or Invest!
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February 27, 2016, 09:53:34 AM |
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There is nothing to discuss about the bitcoin vs dollar. We already know that dollar is centralized as well has a long back history.
Considering bitcoin it is decentralized with not much history as dollar. But it got itself a state equal to dollar in a very short term.
Yes it's true I think bitcoin and the dollar is very different. Dollar has been around a long time in advance than bitcoin. The price of bitcoin in my opinion will not affect the dollar, but rather that the price of the dollar can affect the price of bitcoin. yeah, and I don't think that bitcoin can replace dollar in near future, as the market cap of dollar is huge in compare to bitcoin and it is the most popular currency of the world. |
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Windpower
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February 27, 2016, 09:58:49 AM |
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They both have their positives and negatives, it really just comes down to personal preference. Some people like Bitcoin and other don't.
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fruitcommander
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February 27, 2016, 10:41:58 AM |
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They both have their positives and negatives, it really just comes down to personal preference. Some people like Bitcoin and other don't.
Yeah, people who are comfortable using dollar will continue to use dollar as they find it easy and they can spend it everywhere with an ease, comparatively they find bitcoin a bit complicated. |
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smodern
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February 27, 2016, 11:52:58 AM |
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With Bitcoin being a Cryptocurrency..
there is no central institution which holds your money.
Easy Payments, easy and fast confirmations..
i think thats what makes Bitcoin as a cryptocurrency better than Fiat currencies..
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Bazelak
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February 28, 2016, 08:16:03 AM |
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With Bitcoin being a Cryptocurrency..
there is no central institution which holds your money.
Easy Payments, easy and fast confirmations..
i think thats what makes Bitcoin as a cryptocurrency better than Fiat currencies..
That is right. And crypto currency makes banking an option. You have do not to use a bank if you do not want to borrow money. |
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lixer
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February 29, 2016, 06:35:18 AM |
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Dollar is what I exchange bitcoins too and I get 430 times in USD when I give one bitcoin. So, its pretty obvious which is bigger ? I love bitcoins and for me bitcoins wins against doallrs with various reasons and with big margin.
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Invulner
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Invulner
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February 29, 2016, 06:40:50 AM |
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So guys, in a world where the 10% of total transaction are with BTC, what is the advantages for a normal family? What this kind of money can solve? In particular, if some rich don't spend BTC to increase the value and less BTC are spent, how can deflating happen?
Particular, which CONCRETE advantages can the people get from BTC?
Thank you.
Compare BTC with Western Union. Currently WU is proudly advertising their "instant" money transfers that you have to go to a place to collect, for a fee of $5-$10 internationally. With BTC, you can adjust your fee, even to no transaction fee.(Not recommended) So a huge advantage of using BTC is that you can save on international transaction fees... Which is pretty huge if you're just transferring, say $15 worth of currency and you have to pay $5 in fees for WU. |
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Bazelak
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February 29, 2016, 09:00:20 AM |
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So guys, in a world where the 10% of total transaction are with BTC, what is the advantages for a normal family? What this kind of money can solve? In particular, if some rich don't spend BTC to increase the value and less BTC are spent, how can deflating happen?
Particular, which CONCRETE advantages can the people get from BTC?
Thank you.
Compare BTC with Western Union. Currently WU is proudly advertising their "instant" money transfers that you have to go to a place to collect, for a fee of $5-$10 internationally. With BTC, you can adjust your fee, even to no transaction fee.(Not recommended) So a huge advantage of using BTC is that you can save on international transaction fees... Which is pretty huge if you're just transferring, say $15 worth of currency and you have to pay $5 in fees for WU. Yes. It would be even better if the bitcoin can be used directly in every places. For the time being, we have to exchange it to fiat to spend for most of us. |
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LarryHocks
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February 29, 2016, 09:34:43 AM |
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So guys, in a world where the 10% of total transaction are with BTC, what is the advantages for a normal family? What this kind of money can solve? In particular, if some rich don't spend BTC to increase the value and less BTC are spent, how can deflating happen?
Particular, which CONCRETE advantages can the people get from BTC?
Thank you.
Compare BTC with Western Union. Currently WU is proudly advertising their "instant" money transfers that you have to go to a place to collect, for a fee of $5-$10 internationally. With BTC, you can adjust your fee, even to no transaction fee.(Not recommended) So a huge advantage of using BTC is that you can save on international transaction fees... Which is pretty huge if you're just transferring, say $15 worth of currency and you have to pay $5 in fees for WU. Yes. It would be even better if the bitcoin can be used directly in every places. For the time being, we have to exchange it to fiat to spend for most of us. It will be better if that is gonna be possible, but you have to keep in mind that bitcoin will not gonna win from the dollar because the dollar is to strong, the bitcoin is still depending on it nowadays, and the other thing is that the banks will never gonna let this happen. because of all these reason the bitcoin will not win it in my opinion. |
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gregyoung14
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February 29, 2016, 10:22:00 AM |
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Dollar is a currency and bitcoin has no fizical appearance, everyone knows about dollar but mostly people don't know about bitcoin,so both have a lot of different.
Yep. And they can never replace on another. Bitcoin can never be a real form of currency. It's just easier to refer it as one because same as with any other currencies - there are values and trades and swaps. But it's totally different. |
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funkenstein
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February 29, 2016, 11:57:29 AM |
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Yep. And they can never replace on another. Bitcoin can never be a real form of currency. It's just easier to refer it as one because same as with any other currencies - there are values and trades and swaps. But it's totally different.
Heard circa 2010: "Real's gonna change" Heard circa 2016: "Real changed" |
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daffaco
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February 29, 2016, 12:01:34 PM |
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bitcoin is digital
dollar is physical
dont compare thing which didn't match either
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upsidedown75
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February 29, 2016, 01:15:39 PM |
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Fiat are too bad as they have too many limitations on you and cannot spend them easily, while BTC offers much easy transactions and we do not have to pay useless taxes and all.
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sishendaoye
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February 29, 2016, 02:26:42 PM |
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Both are very popular and good. But I think that Dollar is more used. But some people dont trust Bitcoin.
Because they think it is not safe. But I hope that more people will use some Bitcoin later in the future.
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chaser15
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February 29, 2016, 02:33:55 PM |
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Fiat are too bad as they have too many limitations on you and cannot spend them easily, while BTC offers much easy transactions and we do not have to pay useless taxes and all.
Limitations? No doubt even bitcoin has limitations. Just because you feel it no limits when using bitcoin means all person in the world feels the same way. |
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coinplus
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February 29, 2016, 04:23:09 PM |
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bitcoin is digital
dollar is physical
dont compare thing which didn't match either
Yes, bitcoin is on the internet and can be traded only on internet. But dollar can be traded both online and physically. The thing is which is better investment. The U.S. Dollar is the most liquid because it is the world’s reserve currency. The Bitcoin has not seen a very long time span, but since its introduction in January 2009, it has remained stable. So it can be the currency of the future. |
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RealBitcoin
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February 29, 2016, 08:37:24 PM |
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So guys, in a world where the 10% of total transaction are with BTC, what is the advantages for a normal family? What this kind of money can solve? In particular, if some rich don't spend BTC to increase the value and less BTC are spent, how can deflating happen?
Particular, which CONCRETE advantages can the people get from BTC?
Thank you.
If people dont spend BTC, then it's value goes up. The slower the money velocity the more valuable that is. That is why in many places BTC is a commodity not entirely a currency. But I see is as a mix of the 2. |
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JAyThaRevo
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February 29, 2016, 10:58:14 PM |
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bitcoin is digital
dollar is physical
dont compare thing which didn't match either
Yes, bitcoin is on the internet and can be traded only on internet. But dollar can be traded both online and physically. The thing is which is better investment. The U.S. Dollar is the most liquid because it is the world’s reserve currency. The Bitcoin has not seen a very long time span, but since its introduction in January 2009, it has remained stable. So it can be the currency of the future. It can be a currency of the future but I don't think it can replace dollar sooner or latter, people would continue to use dollar even bitcoin gets more bigger and more popular. |
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