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n0ne
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March 04, 2016, 11:47:28 AM
 #481

Bitcoin and the dollar are 2 seperate things. You can't compare them to each other. in that regard.
The only thing that is important is the rise of bitcoin in terms of adoption etc. This are truly benefical factors.

Ofcourse the bitcoin is a beneficial factor thinking of the price. Dollar also has the same with a little reduced
price. Dollar is used by most people. Bitcoin has got a little user rate. When more adoptions takes place
the bitcoin will be used equal to the dollar.

Bitcoinbro
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March 04, 2016, 12:14:24 PM
 #482

Bitcoin and the dollar are 2 seperate things. You can't compare them to each other. in that regard.
The only thing that is important is the rise of bitcoin in terms of adoption etc. This are truly benefical factors.

Ofcourse the bitcoin is a beneficial factor thinking of the price. Dollar also has the same with a little reduced
price. Dollar is used by most people. Bitcoin has got a little user rate. When more adoptions takes place
the bitcoin will be used equal to the dollar.

Well yes you need both for measurement, but you can't compare them yet. The dollar has a complete different base then the dollar.
The dollar is used for and by countries for their own currency. Bitcoin not.
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March 04, 2016, 02:19:05 PM
 #483

Bitcoin and the dollar are 2 seperate things. You can't compare them to each other. in that regard.
The only thing that is important is the rise of bitcoin in terms of adoption etc. This are truly benefical factors.

Ofcourse the bitcoin is a beneficial factor thinking of the price. Dollar also has the same with a little reduced
price. Dollar is used by most people. Bitcoin has got a little user rate. When more adoptions takes place
the bitcoin will be used equal to the dollar.

Well yes you need both for measurement, but you can't compare them yet. The dollar has a complete different base then the dollar.
The dollar is used for and by countries for their own currency. Bitcoin not.
Yes very true indeed bitcoin dollars and can not be equated because they are very different. Dollar first existed long before there bitcoin. We all need to both be true you said we can not compare the two.
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March 04, 2016, 02:46:19 PM
 #484

Well dollars is already userd worlwide and several companies work at anothers countries based into dollars.I my self sometimes check the value of it,bitcoin is better then dollars because its volatility,dollar can go high and down with a good interest but you will need a good ammount to get a decent income,with bitcoin with a small part of it you can get a great revenue,if i had to choose betwenn them i would invest 70% at bitcoin and the rest into dollar.
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March 04, 2016, 03:19:50 PM
 #485

Bitcoin has a great potential but it needs a lot of work to take on something like the dollar.
Maybe in 5 years the cap of bitcoin will be bigger then the dollar.
Bitcoin is already is bigger than the dollar in online usage, but your opinion is also right. Bitcoin needs more work and time to be famous and to be more used in the physical world opposite to dollar, I think bitcoin would achieve this with less than 5 years also.
although bitcoin has great potential, and have a greater number than the dollar, but bitcoin might not be accepted by the people as fast as it is, because they're used to the dollar. so it may be more likely to choose the dollar from the bitcoin
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March 04, 2016, 03:41:59 PM
 #486


Yeah those 2 are totally different. Bitcoin needs a electricity and internet. Fiat can be used everywhere. Even in small villages. And best of all.
Everybody accepts fiat.


Everybody accepts everything, it's just a question of negotiating a price. 

Also you can use paper bitcoins where there is no electricity and internet.

The difference is that when you bring them somewhere with internet, you can verify they are real.

With fiat, you can never verify it's real.  Because of course it isn't ever. 


It depends on people's choice to select which currency they like. The people who don't know anything about bit coin as digital currency will prefer dollar in bit coin and on other hand people who know about bit coin will preferably choose bit coin on dollar so it depends on the awareness of bit coin only.
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March 04, 2016, 03:56:24 PM
 #487

Many people choose Bitcoin. And the people that use Dollar dont trust Bitcoin and that is very bad.
I hope that more people will use Bitcoin, because Bitcoin is very easy to use and that is also very safe so it is pretty good.
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March 04, 2016, 04:17:15 PM
 #488

Dollar and bitcoin can both coexist together and I think they can be very fine together. Dollar and BTC are the new signal for the new economical system for both of them covering online and offline field.

I think both will be very difficult to put together, and walked together to the future. because many users bitcoin. wanted to replace the dollar to bitcoin.


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Kollor
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March 05, 2016, 01:15:31 PM
 #489

As of now I don't see that bitcoin is as great as dollar, they might be different and have their own advantages, but when we look at the two in a broader way, all I could say that we are not living in a virtual world..we are buying our foods and almost everything with fiat...
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March 05, 2016, 01:26:49 PM
 #490

although bitcoin is not as useful as dollar (cash money in general) it is getting there. we can't expect bitcoin to become used as much as dollar and replace it in a day.

for me bitcoin has many advantages like transfering large or very small amounts of money super fast all over the world without the need to a third party (like banks or paypal) and with lowest fee.

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March 05, 2016, 02:33:03 PM
 #491

The dollar is a system specifically designed to rob its users.  This is a fundamental point a lot of you don't seem to follow. 

It's not about low fees or easy transfers.  Its about buying into systemic fraud or not. 

http://frass.woodcoin.org/funbux-per-joule/

"Give me control over a coin's checkpoints and I care not who mines its blocks."
http://vtscc.org  http://woodcoin.info
ronaldinho_07
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March 06, 2016, 08:25:36 PM
 #492

Well dollars is everywhere turism works out with them,all people buy it and sell it ,the thing is those controls most the transactions worlwide.Bitcoin its a new coin and cant compete ,even if they wanna to make it happen it would be impossible since bitcoin has a supply limited,cant print new coins after mine ends atleast isnt predicted to happen.
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March 06, 2016, 09:09:41 PM
 #493

If I'm honest I'm thinking the dollar will win, the bitcoin is a future currency but it can collapse for sure.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
Dread Pirate Roberts
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March 06, 2016, 09:12:50 PM
 #494

1st my comment only Dollar and Bitcoin its Different
you can't compare it . its totally different thing .
bitcoin Cryptocurrency.
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March 06, 2016, 09:27:00 PM
 #495

If I'm honest I'm thinking the dollar will win, the bitcoin is a future currency but it can collapse for sure.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.

That's true dollar is too big in compare to bitcoins, and cannot easily disappear in future, and dollar will take care of us physically, and bitcoin will help us digitally, both are good holding great future ahead.
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March 06, 2016, 10:48:11 PM
 #496

If I'm honest I'm thinking the dollar will win, the bitcoin is a future currency but it can collapse for sure.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.

That's true dollar is too big in compare to bitcoins, and cannot easily disappear in future, and dollar will take care of us physically, and bitcoin will help us digitally, both are good holding great future ahead.

The dollar is a world currency yes. So first bitcoin will have to take out alternatives like paypal. Then VISA/Mastercard.
And believe me that will not happen within 10 years. CC companies have a really big turn over.
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March 07, 2016, 02:03:29 AM
 #497

If I'm honest I'm thinking the dollar will win, the bitcoin is a future currency but it can collapse for sure.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.

That's true dollar is too big in compare to bitcoins, and cannot easily disappear in future, and dollar will take care of us physically, and bitcoin will help us digitally, both are good holding great future ahead.

The dollar is a world currency yes. So first bitcoin will have to take out alternatives like paypal. Then VISA/Mastercard.
And believe me that will not happen within 10 years. CC companies have a really big turn over.

Yeah, and it would be really difficult for bitcoin to replace other major payment systems, and people who are using to this methods will continue to use this, they will use bitcoins too, but as a secondary.
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March 07, 2016, 02:11:06 AM
 #498

Bitcoin is better for online purchases and transactions. Dollar or fiat is better for in real life transactions.
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March 07, 2016, 03:20:33 AM
 #499

If I'm honest I'm thinking the dollar will win, the bitcoin is a future currency but it can collapse for sure.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
if all people in the world have already educated in technology, they would prefer digital money than the physical because its benefits,bitcoin for sure can be collapsed,but it still has chance to growing up because people still don't know what is bitcoin and still using physical currency due too low of knowledge about technolgy

I don't understand why people don't accept the reality that even everything goes digital, people would continue to use dollar, they have no concern with bitcoins, and the fact is people will use both, but dollar will always have an upper hand.

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March 07, 2016, 03:23:22 AM
 #500

The dollar is a system specifically designed to rob its users.  This is a fundamental point a lot of you don't seem to follow.  

It's not about low fees or easy transfers.  Its about buying into systemic fraud or not.  

http://frass.woodcoin.org/funbux-per-joule/

Your post makes zero sense. The dollar is a means of exchange, it is not an asset.

People don't have many dollars and people don't hold dollars as an investment. Dollars is what things are priced in and they are a means of exchange. Graphing the value of a dollar against an asset or comparing it to an asset over time doesn't even make sense.

Examples:

I work 40 hours a week. Is that dollars? No, I get paid in dollars. The number of dollars I get paid over time increases or decreases depending on the value of what I can produce (supply, demand, etc.)

I own a house. Is that dollars? No, that is priced in dollars but it is not dollars. The price in dollars increases or decreases over time depending on supply, demand, etc.

I own stocks, bonds, clothes, computers, furniture. Are those dollars? No, those are priced in dollars. The value fluctuates over time.

How many actual dollars do I own? I own what is in my wallet. How does that compare to my net worth? It is basically nothing.

I have money deposited in a bank account. Is that dollars? Not really. Dollars don't pay an interest rate (granted, the bank doesn't pay much these days). And the dollars aren't even in the bank, they are loaned out to someone else. That is the way banks operate.

Many bitcoin people fail to understand that the dollar is not an asset. Dollars are designed to go down in value over time a bit (inflation) because otherwise people would simply hoard them and economic activity would be much lower than it would be otherwise. Look what happened in the 2008/2009 timeframe when we had deflation. The price of everything went down. People lost their jobs, etc. That is what happens in a deflationary scenario.

But the main point is this, the dollar is not a n investment. It is what things are priced in. People don't hold dollars as an investment. They use them to exchange one asset for another (or service, etc.)
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