USD vs BTC

[Mastsetad]

Among young people increasing popularity has bitcoins. And older people prefer the old system and therefore keep their savings in dollars

That is actually right, the new generations like new things and prefer to use new things mostly while the older people with their old thinking prefer the things that has been around from there time and don't like adopting new things because they feel they are all fake.

[crairezx20]

Among young people increasing popularity has bitcoins. And older people prefer the old system and therefore keep their savings in dollars

Something to research and it has the truth. Because most elders would prefer to keep their money in the form of physical (physical currency), since all that will not give their anxiety in case something in their lives. And also elderly people also do not like against modern technology or their preferred tempo technology first

Problem is if they passed that tradition or the elder one somehow gave some money and it is already at the bank. It will keep on going for many generation until someone at the family discovers something else is better.

That's how the elders believe because they usually do not go with the new changes in the world, of course bitcoin is new to their eyes and they will not easily believe it as currency as the government does not promote it. They are not risk takers unlike the new generation.

The dollar may be on the same level with bitcoin. Everyone just thinks according to their wish.

They are not the same but you can exchange bitcoin into usd that we can use locally.. bitcoin still not so popular and it needs more adoption to grow more in the future.. usd can use to all online and offline unlike bitcoin you can only use it online..

[ekoice]

No Not yet. US Dollar is known all over the world. But Bitcoin is used by only less than two million people i think so. Its a very long journey for bitcoin to reach the state of US Dollars.

[gabmen]

Bitcoins is alot better since it can't be ubused like the us dollar.

Well that's right. however, bitcoin is not as widely used as the dollar, which has been the main currency we've been using ever since. For those who are already aware of bitcoin and its benefits, of course we'll say bitcoin is better. Though i think it's gaining popularity more and more now and thing are looking good in the future

[SidaroffVany]

Bitcoins is alot better since it can't be ubused like the us dollar.

Well that's right. however, bitcoin is not as widely used as the dollar, which has been the main currency we've been using ever since. For those who are already aware of bitcoin and its benefits, of course we'll say bitcoin is better. Though i think it's gaining popularity more and more now and thing are looking good in the future

If we talk about the future, both in dollars and in bitcoin better chance at life. The fact that the dollar is an international currency and it keeps the world economy.

[NewInCryptoCurrency]

At this stage bitcoints not so popular as the dollar. But its popularity is growing. By dollar just all become accustomed. A cryptocurrency a relatively new and many people do not trust it

yeah I think if bitcoin began to grow I believe the future will be bright bitcoin, but I'm not sure if bitcoin could defeat the dollar. I just think that bitcoin might be equivalent to the dollar

It cant and will not be equal to USD. Do you think the US government will let that happen? They are striving to lie to everybody for the sake of their strength to control everything and this crypto would just go beyond them just like that? They wont give a slightest way for that to happen.

Nothing can beat the government, they can declare using of bitcoin as illegal if they find any threat to there economy, big countries does not want any competition and if they have they will surely beat it so that they will continue to make money from our taxes.

Indeed the government is way to powerful and I think that the USD is too strong to fight against.
Most likely the bitcoin can do some damage but not a lot due to the fact its even depending on the dollar.

[mirakal]

Bitcoins is alot better since it can't be ubused like the us dollar.

Well that's right. however, bitcoin is not as widely used as the dollar, which has been the main currency we've been using ever since. For those who are already aware of bitcoin and its benefits, of course we'll say bitcoin is better. Though i think it's gaining popularity more and more now and thing are looking good in the future

If we talk about the future, both in dollars and in bitcoin better chance at life. The fact that the dollar is an international currency and it keeps the world economy.

Yes dollars is supreme currency in the whole world and so bitcoin is just going to depend on it either. But I hope in the future that bitcoin is going to be considered by the government of the United States of America. And it is going to be a good way to have transactions because of its convenience and very fast transactions.

When big countries will collapse bitcoin will also be affected, and if we see that dollars will collapse its value for sure that would have a big effect to the price of bitcoin, we might see another big meltdown and maybe this time bitcoin will not recover anymore.

[elDano]

I have no doubts about the fact that the Dollar will win from the Bitcoin because the bitcoin is still too small and the Dollar is way to big to get defeated.
What people also are saying is true the bitcoin is a sort of depending on it.

[danherbias07]

I have no doubts about the fact that the Dollar will win from the Bitcoin because the bitcoin is still too small and the Dollar is way to big to get defeated.
What people also are saying is true the bitcoin is a sort of depending on it.

Yes and it always have been proved by its price. We always use the USD as a means of telling how much it is. It is the most populae currency that is why it is more used. The strength of USD came from its value, many countries use it also as a means of telling the price of a thing if it is a foreigner who is transacting. Even if he holds EURO.

[RoommateAgreement]

I have no doubts about the fact that the Dollar will win from the Bitcoin because the bitcoin is still too small and the Dollar is way to big to get defeated.
What people also are saying is true the bitcoin is a sort of depending on it.

bitcoin is not depending on anything else.
it is a stand alone money without the need to any other currency.

the fact that its price is measured in USD or any other fiat for that matter is only because we need something to measure it with. nothing else.

[buxlover]

I have no doubts about the fact that the Dollar will win from the Bitcoin because the bitcoin is still too small and the Dollar is way to big to get defeated.
What people also are saying is true the bitcoin is a sort of depending on it.

bitcoin is not depending on anything else.
it is a stand alone money without the need to any other currency.

the fact that its price is measured in USD or any other fiat for that matter is only because we need something to measure it with. nothing else.

In a sense that is correct, Bitcoin is not depending on fiat. But price of most products or services sold in bitcoin is adjust according to the fiat currency specifically USD.

No one sells something for fixed 1 btc when price of bitcoin falls or rises. they will the the bitcoin amount accordingly, so in other way bitcoin is dependent on fiat currency

[deisik]

I have no doubts about the fact that the Dollar will win from the Bitcoin because the bitcoin is still too small and the Dollar is way to big to get defeated.
What people also are saying is true the bitcoin is a sort of depending on it.

bitcoin is not depending on anything else.
it is a stand alone money without the need to any other currency.

the fact that its price is measured in USD or any other fiat for that matter is only because we need something to measure it with. nothing else.

In a sense that is correct, Bitcoin is not depending on fiat. But price of most products or services sold in bitcoin is adjust according to the fiat currency specifically USD.

No one sells something for fixed 1 btc when price of bitcoin falls or rises. they will the the bitcoin amount accordingly, so in other way bitcoin is dependent on fiat currency

This state of affairs is essentially the same as with, for example, gold. But no one would ever dare say that gold is depending on fiat (this is ridiculous even to write) and all despite the fact that you can buy with gold even less than with Bitcoin. As far as I know, there are no payment cards linked to gold vaults, lol. But there are a lot of Bitcoin payment cards linked to Bitcoin wallets. These cards are as convenient as any other payment card out there...

Nevertheless, quite a few people still think that Bitcoin somehow depends on fiat, and even more so on the American dollar

[jaysabi]

Maybe in terms of internet payment bitcoin is more popular since it is easy to transfer but in terms of daily use, I think USD beats bitcoin because of the following reasons. First of all, Bitcoin's price is based on usd since it's main convertion is US Dollars before it is converted in other currencies. USD is also backed up by governments making it more popular than bitcoin. Lastly, USD is accepted by almost any stores that can be found offline and online unlike bitcoin that has a few stores that accepts it online or offline.

Bitcoin price in no case can be based on the US dollar. It is like saying that the price of apples is based on the US dollars. Bitcoin like apples can be priced in dollars. Just like they can be priced in any other currency. Does it make bitcoins and apples somehow different if they are priced, say, in the Russian Ruble or Chinese Yuan? Further, the US dollar is universally accepted only in the US (and a few other small countries like Honduras or Zimbabwe, lol)...

Good luck to you trying to buy something with the US dollars "offline", for example, in Canada (let alone the EU or the UK)

Canada might be a less-than-ideal example because it's a proximity issue. Most businesses that are near the US border do accept the USD almost universally. Obviously, Europe is another matter entirely and the USD won't get you very far. Interestingly, there seems to be an inverse correlation between how poor a nation is and how much utility the USD has as a currency in the local market. I would guess that it's because the poorer nations have an unstable currency and the USD is more trusted to store value, and it's high liquidity enables you to move in and out of the local currency easily if you need to.

[Wowcoin]

is bitcoin more popular than US Dollar ?

No, US dollar is much popular than bitcoin dollar is world wide currency. I think bitcoin are not popular yet because many people that they dont know about  bitcoin.

[gabmen]

is bitcoin more popular than US Dollar ?

No, US dollar is much popular than bitcoin dollar is world wide currency. I think bitcoin are not popular yet because many people that they dont know about  bitcoin.

Yeah and although i think people will be more aware of bitcoin in the future and more people will be using it, i don't think it can actually replace the dollar as the main currency.

[Decoded]

Of course not. Bitcoin has a dwarfed userbase when compared to the US dollar. The current market cap of bitcoin is only 10 billion, and the market cap of the US dollar is many trillions of dollars.

[MyBTT]

Bitcoin is defenitely not more popular than the US dollar. How many people are in the US? Millions. I doubt even a hundred thousand people use bitcoin at the moment.

[onelove2111]

Bitcoin is defenitely not more popular than the US dollar. How many people are in the US? Millions. I doubt even a hundred thousand people use bitcoin at the moment.

I think so too. The fact that everyone knows about Bitcoin at this forum, does not make him popular throughout the country

[Spirit2016]

We all understand that the dollar keeps virtually all of the world economy. For bitcoin such heights today are not seen. Since the dollar is the most popular currency in the world.

[funkenstein]

We all understand that the dollar keeps virtually all of the world economy. For bitcoin such heights today are not seen. Since the dollar is the most popular currency in the world.

Keeps the economy?  What does this mean?  Far more people use RMB than USD, so it's not most popular as in most people use it..  and 1 USD is worth less than 2 thousandths of a btc, so it's not most popular in trade value..  I wonder what you meant by that?