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Author Topic: USD vs BTC  (Read 121106 times)
skyway1
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November 06, 2016, 11:09:12 PM
 #701

Bitcoin is digital currency and also one of the commodity like gold. It cannot be replaced with USD, still major countries are not still not accepting bitcoin as one of their option. It will take lot of time to establish a digital currency into physical one.
yeah bitcoin is digital currency and you are right that bitcoin is still not acceptable in some countries but i hope bitcoin will be sooner acceptable in everywhere in all world in the near future and i am sure bitcoin can be appear in physical shape in few years .
you are right that is still not acceptable in some country but i am sure bitcoin will be soon acceptable in these country and then will be use bitcoin for anything to buy with bitcoin and bitcoin going to more advance .
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November 07, 2016, 04:49:06 AM
 #702

Bitcoin is digital currency and also one of the commodity like gold. It cannot be replaced with USD, still major countries are not still not accepting bitcoin as one of their option. It will take lot of time to establish a digital currency into physical one.
yeah bitcoin is digital currency and you are right that bitcoin is still not acceptable in some countries but i hope bitcoin will be sooner acceptable in everywhere in all world in the near future and i am sure bitcoin can be appear in physical shape in few years .
you are right that is still not acceptable in some country but i am sure bitcoin will be soon acceptable in these country and then will be use bitcoin for anything to buy with bitcoin and bitcoin going to more advance .

Just give sometime for bitcoin and it will be adopted but a lot of stores in the near future. And we don't need to think that USD will be replaced by bitcoin or vice versa. Because they are both associated for each transactions and they are playing both an important role in the market. Bitcoin depends on USD and USD is getting profit from bitcoin.
Time is really important so we need to have a lot of patience to be able to see more stores accepting bitcoin. I am not in a hurry because so far bitcoin is profitable to me, i would only invest it for now since there's a limited use of bitcoin online and time will come I can fully get the benefits of using it in online transaction.

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November 07, 2016, 09:06:29 AM
 #703

And I will add a point that with physical form of bitcoin the term crypto will be then useless as the physical things are transferred with our hands and then any transfer of coin will be the same as normal fiat and bitcoin is not going to be a fiat but it is a crypto currency.

Bitcoins can be transferred from to hand literally, with physical devices which can be loosely considered as purses, without the need of making transactions through the blockchain. In fact, such devices can be very useful for merchants since they wouldn't need to wait for confirmations by the network. You need the blockchain only to check the balance of such a purse...

And your primary source of risk will be a malfunction of the purse itself

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November 08, 2016, 04:30:47 PM
 #704

I never contrasted these two currencies. They're both good. Each on its own way. Each of these currencies has its drawbacks and benefits. Anyone who knows how to use both of them are very good financier
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November 09, 2016, 06:09:31 AM
 #705

I never contrasted these two currencies. They're both good. Each on its own way. Each of these currencies has its drawbacks and benefits. Anyone who knows how to use both of them are very good financier

They are certainly both good especially for us who uses bitcoin, because we need to convert bitcoin with USD and that is what the bitcoin is depending its value. And if we will just combine them both they will going to be a very powerful type of currency that has being used worldwide. I hope to see that bitcoin was being used by billions of people living in this world.

Indeed. Both are very valuable and most countries rely on the value of USD and so as bitcoins value.. so if USD will drop it value definitely most all of currencies worldwide will be affected and also the bitcoin value.. bitcoin will be used by more and more people and hopefully most of us will earn more in bitcoin community.

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TastyChillySauce00
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November 09, 2016, 10:45:28 AM
 #706

I never contrasted these two currencies. They're both good. Each on its own way. Each of these currencies has its drawbacks and benefits. Anyone who knows how to use both of them are very good financier

They are certainly both good especially for us who uses bitcoin, because we need to convert bitcoin with USD and that is what the bitcoin is depending its value. And if we will just combine them both they will going to be a very powerful type of currency that has being used worldwide. I hope to see that bitcoin was being used by billions of people living in this world.
combining both is impossible because both are currencies which getting used in different world,and you don't really need to always convert your bitcoin to USD,just convert it directly to your local fiat on your local exchangers and everything should be fine

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November 09, 2016, 10:49:13 AM
 #707

is bitcoin more popular than US Dollar ?
US is more popular than bitcoin if you know bitcoin is just a newly release that now is on 5 years i think and bitcoin is depending on the US and if the US gone then bitcoin will probably gone too. And every one knows that US dollar is the most powerful money in the world.

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November 09, 2016, 11:13:33 AM
 #708

I never contrasted these two currencies. They're both good. Each on its own way. Each of these currencies has its drawbacks and benefits. Anyone who knows how to use both of them are very good financier

They are certainly both good especially for us who uses bitcoin, because we need to convert bitcoin with USD and that is what the bitcoin is depending its value. And if we will just combine them both they will going to be a very powerful type of currency that has being used worldwide. I hope to see that bitcoin was being used by billions of people living in this world.
Bitcoin being used by billions of people around the globe is just a fantasy with zero chances of actually happening. The media and mainly the government will make sure of that.

There is no way that governments will let Bitcoin grow to a level where it's being used by the billions. Mainly because it will significantly impact their own economy.

If the governments wants to prevent you from having one thing, then it will be the fact that Bitcoin gives people financial freedom.

You being able to operate outside the banking and governmental system is an absolute nightmare for them. Right now while Bitcoin is still a tiny dot, they somewhat tolerate it, but that won't always be the case.

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November 09, 2016, 11:37:51 AM
 #709

Everyone who has a Bitcoin looks forward to its growth. If the dollar is unstable, the people are more interested in Bitcoin. This can trigger the growth of prices for cryptocurrency
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November 09, 2016, 11:58:21 AM
 #710

I never contrasted these two currencies. They're both good. Each on its own way. Each of these currencies has its drawbacks and benefits. Anyone who knows how to use both of them are very good financier

They are certainly both good especially for us who uses bitcoin, because we need to convert bitcoin with USD and that is what the bitcoin is depending its value. And if we will just combine them both they will going to be a very powerful type of currency that has being used worldwide. I hope to see that bitcoin was being used by billions of people living in this world.
Bitcoin being used by billions of people around the globe is just a fantasy with zero chances of actually happening. The media and mainly the government will make sure of that.

There is no way that governments will let Bitcoin grow to a level where it's being used by the billions. Mainly because it will significantly impact their own economy.

If the governments wants to prevent you from having one thing, then it will be the fact that Bitcoin gives people financial freedom.

You being able to operate outside the banking and governmental system is an absolute nightmare for them. Right now while Bitcoin is still a tiny dot, they somewhat tolerate it, but that won't always be the case.
I should agree with you on that, that's too optimistic yet a very unrealistic prediction. We will never reach to that level as we are still relying in fiat. We cannot make our own government as we are just a small community not legally operating.

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November 09, 2016, 03:45:27 PM
 #711

If Dollar dies, everything dies. Simple as that.

Simple Logic: If bitcoin was better than Dollars, why does everyone freak out when we see a crash? If bitcoin was that good, you wouldn't give a fuck about the price drops right?

Whether we like it or not all the prices in this world are connected to USD in a way. I live very far from the US but when our local currency drops in USD, the people who are selling potatoes for example, the small farmers from rural places who really shouldn't care about the USD, they rise the price of their potatoes. I think that is because they keep their savings in USD and they want to get same amount of USD today for the sold potatoes as they got yesterday.

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November 09, 2016, 05:11:18 PM
 #712

If Dollar dies, everything dies. Simple as that.

Simple Logic: If bitcoin was better than Dollars, why does everyone freak out when we see a crash? If bitcoin was that good, you wouldn't give a fuck about the price drops right?
So you mean if dollar dies every other thing will die, right ? What about other currency in the world or does it mean that everyone is using only dollars or must use dollar only ? Let assure you that even if dollar dies, things will still be moving fine except that for short period of time some negative impact may be felt.
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November 09, 2016, 10:37:06 PM
 #713

If Dollar dies, everything dies. Simple as that.

Simple Logic: If bitcoin was better than Dollars, why does everyone freak out when we see a crash? If bitcoin was that good, you wouldn't give a fuck about the price drops right?

The bitcoin is good but the dollar is way better, its more powerful and right now the bitcoin is depending on dollar too.
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November 09, 2016, 10:48:12 PM
 #714

If Dollar dies, everything dies. Simple as that.

Simple Logic: If bitcoin was better than Dollars, why does everyone freak out when we see a crash? If bitcoin was that good, you wouldn't give a fuck about the price drops right?
yeah agree, I think if the dollar die there might be something happening in the world of events so that the dollar exchange rate to be down, and I think it will change the world may be going bad
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November 10, 2016, 12:32:08 AM
 #715

is bitcoin more popular than US Dollar ?
Only time will tell. Usd is the main currency on the market next is bitcoin.
After 10 years btc could replace usd.
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November 10, 2016, 02:03:37 AM
 #716

for now USD more popular than bitcoin, but for the long term probably will dominate because the price of bitcoin always grows up. in another side, bitcoin can disappear because a rule of each country which makes a bitcoin disappear.
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November 10, 2016, 02:06:04 AM
Last edit: December 14, 2016, 03:37:25 PM by apriloni
 #717

i think bitcoin will be much more popular currency in the future because bitcoin transaction is very easy and bitcoin transaction fees is very much lower and bitcoin is available in everywhere around in all the world and i can use my my bitcoin easily in anywhere for online shopping.
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November 10, 2016, 06:29:10 AM
 #718

i think bitcoin will be much more popular currency in the future because bitcoin transaction is very easy in everywhere and bitcoin is available in around in all world and i can use my my bitcoin easily.
I look forward to that, I am also optimistic that it would happen. In the future, more on the digital currency will be use due to the technology that is booming and bitcoin is fit to that, therefore if you believe that in that time bitcoin will be popular now, take a chance to invest now.

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November 10, 2016, 11:13:03 PM
 #719

I never contrasted these two currencies. They're both good. Each on its own way. Each of these currencies has its drawbacks and benefits. Anyone who knows how to use both of them are very good financier
you're right both have advantages and disadvantages and I think why someone make them fight? besides using bitcoin and dollar simultaneously is not a problem. no need to compare the two, because the dollar is certainly going to win, everyone knows it. although bitcoin is no better than dolar does not mean bitcoin will die right?
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November 11, 2016, 02:12:12 AM
 #720

is bitcoin more popular than US Dollar ?
I am Not sure but I know that there are more than 10 country, that is really proof that usd is very very famous(popular). I read in some article that explain about bitcoin users. And I read that more than 10 million people are already use bitcoin. My oppinion : I think usd users is more than bitcoin users so usd is more popular than bitcoin now. But no body know about the future maybe usd can be replaced by bitcoin becouse bitcoin have bigger advantage.

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