USD vs BTC

[Ryananda]

I think it is very difficult for bitcoin to be popular like the dollar. Because the dollar is already very well known and used by the people who use that currency. Bitcoin is still new and needs to be a long journey to be able as popular as the dollar. Bitcoin might be in order to be as popular as mass adoption of dollars but it took so many people who know and use.

[Mastsetad]

I think it is very difficult for bitcoin to be popular like the dollar. Because the dollar is already very well known and used by the people who use that currency. Bitcoin is still new and needs to be a long journey to be able as popular as the dollar. Bitcoin might be in order to be as popular as mass adoption of dollars but it took so many people who know and use.

It probably takes a lot of time for something to spread in all over the world, specially for something that is not in physical form like bitcoin, dollar has a physical shape that has spread in the world but it still took it a really long time so for bitcoin it would take many years from now to reach that point.

[1Referee]

No way dollar and others currencies will always be the most used currency, and bitcoin and crypto world wont replace those, crypto world can make a bit pressio to the current system of high fees readjust to the new way.

The low fee structure of Bitcoin (which is already changing) is the selling point that we all want to advertise with, but as we progress through the years, pools will more and more depend on the fee income.

It basically means that the average fee will only increase in the coming years. Even to a certain level where we can't refer to Bitcoin's low fee structure anymore. We're underway already.

I find that the fees are too high already in case you are just using Bitcoin as a currency tool to complete purchases. If I compare Bitcoin as currency to fiat when purchasing my daily needs, then I prefer to keep using fiat as it's more convenient (in this use case), all transactions are free, instant, etc.

And yes, as you also mentioned, the fees are likely to increase further as we progress through the years. So in that regard, I am sure people will prefer to keep using fiat even more than already is the case. Especially when you consider that the infrastructure for fiat payments is getting better and better. It will be a real challenge for Bitcoin to get its share of all this.

[goldcoinminer]

No way dollar and others currencies will always be the most used currency, and bitcoin and crypto world wont replace those, crypto world can make a bit pressio to the current system of high fees readjust to the new way.

The low fee structure of Bitcoin (which is already changing) is the selling point that we all want to advertise with, but as we progress through the years, pools will more and more depend on the fee income.

It basically means that the average fee will only increase in the coming years. Even to a certain level where we can't refer to Bitcoin's low fee structure anymore. We're underway already.

I find that the fees are too high already in case you are just using Bitcoin as a currency tool to complete purchases. If I compare Bitcoin as currency to fiat when purchasing my daily needs, then I prefer to keep using fiat as it's more convenient (in this use case), all transactions are free, instant, etc.

And yes, as you also mentioned, the fees are likely to increase further as we progress through the years. So in that regard, I am sure people will prefer to keep using fiat even more than already is the case. Especially when you consider that the infrastructure for fiat payments is getting better and better. It will be a real challenge for Bitcoin to get its share of all this.

Me, I would not bother for the transaction fees because based on my experience when I gamble which is my primary use of bitcoin, the fee is just so cheap and I was able to gamble anytime of the day. Honestly, even if the fees will be a little bit higher I would still gamble.

What I am trying to say is that , not all kind of industry are in bitcoin but my interest are on the industries that adopts with it.

[gabmen]

No way dollar and others currencies will always be the most used currency, and bitcoin and crypto world wont replace those, crypto world can make a bit pressio to the current system of high fees readjust to the new way.

The low fee structure of Bitcoin (which is already changing) is the selling point that we all want to advertise with, but as we progress through the years, pools will more and more depend on the fee income.

It basically means that the average fee will only increase in the coming years. Even to a certain level where we can't refer to Bitcoin's low fee structure anymore. We're underway already.

I find that the fees are too high already in case you are just using Bitcoin as a currency tool to complete purchases. If I compare Bitcoin as currency to fiat when purchasing my daily needs, then I prefer to keep using fiat as it's more convenient (in this use case), all transactions are free, instant, etc.

And yes, as you also mentioned, the fees are likely to increase further as we progress through the years. So in that regard, I am sure people will prefer to keep using fiat even more than already is the case. Especially when you consider that the infrastructure for fiat payments is getting better and better. It will be a real challenge for Bitcoin to get its share of all this.

Well let's not be gloomy in all this. Right now yes bitcoin would be having a lot of challenges just to even be accepted and known by people much more to be used. And i've tried using btc to transfer money to other countries, the fees i think are higher because aside from changing to fiat, you need to pay for the currency difference. But i'm hoping that one day in our lifetime we would be able to use btc in the same way we use the current dollar

[TastyChillySauce00]

I think it is very difficult for bitcoin to be popular like the dollar. Because the dollar is already very well known and used by the people who use that currency. Bitcoin is still new and needs to be a long journey to be able as popular as the dollar. Bitcoin might be in order to be as popular as mass adoption of dollars but it took so many people who know and use.

It probably takes a lot of time for something to spread in all over the world, specially for something that is not in physical form like bitcoin, dollar has a physical shape that has spread in the world but it still took it a really long time so for bitcoin it would take many years from now to reach that point.

just to make it straight,whether something have physical form or not is really not matter nowadays,technologies are now advanced enough and if you trying to figured out most of people in developed countries are now using cashless method to pay stuffs or goods,thus bitcoin have a chance to take over the first place on this category

[1Referee]

Me, I would not bother for the transaction fees because based on my experience when I gamble which is my primary use of bitcoin, the fee is just so cheap and I was able to gamble anytime of the day. Honestly, even if the fees will be a little bit higher I would still gamble.

What I am trying to say is that , not all kind of industry are in bitcoin but my interest are on the industries that adopts with it.

Well let's not be gloomy in all this. Right now yes bitcoin would be having a lot of challenges just to even be accepted and known by people much more to be used. And i've tried using btc to transfer money to other countries, the fees i think are higher because aside from changing to fiat, you need to pay for the currency difference. But i'm hoping that one day in our lifetime we would be able to use btc in the same way we use the current dollar

My example was referring to people using Bitcoin as currency for their daily needs, and not to send out money from one country to the other, or to gamble with it. As I said earlier, when buying your daily needs with Bitcoin in your local area, you won't benefit from Bitcoin by using it as currency tool.

That however doesn't mean I am all negative.

And i've tried using btc to transfer money to other countries, the fees i think are higher because aside from changing to fiat, you need to pay for the currency difference.

I do so too, but then very regularly. The receiving party is paying a total fee of 0.5% which I don't consider to be on the high side at all. Last week I have sent someone $100 worth of Bitcoin. 0.5% of that is just $0.50 in fees that this person has to pay in order to cash out. Not bad at all from my point of view. What fees do you have to pay for cashing out your coins?

[BitcoinPC]

If you compare price wise, then The Bitcoin is more popular than USD. But if you compare security wise USD is best in this world. Yup the USD is legal currency in all over the world and USD is paper money. But the BTC is just digital currency, and many countries does not aware about this currency. So according to me, USD is first next BTC.

Price does not determine popularity of bitcoin or USD. And about security, USD can be counterfeited, but can  you say the same with bitcoin? I do not think you can generate bitcoin out of nowhere and include it in the chain.

Exactly, it is very unlikely you counterfeit bitcoin but I have seen on so many occasions when the dollar is counterfeited. For this reason one will even believe that bitcoin is the real and best currency to go for because people can not produce fake one.

All the reasons are right, but now we should see what the comparison with each other, Actually, i don't think that bitcoin has VS dollar, because dollar is real fiat currency, and it always remain forever, and no one have doubt on it, also on one ask that what's the time when dollar has been finished. because we all believe on it and well know about dollar,
And in the opposite, Bitcoin have a trust on it and in the same time everyone know that bitcoin has no grantee that it will live long forever, and also if bitcoin would be got popularity like dollar has than also both currencies have a different ways.

[crairezx20]

If you compare price wise, then The Bitcoin is more popular than USD. But if you compare security wise USD is best in this world. Yup the USD is legal currency in all over the world and USD is paper money. But the BTC is just digital currency, and many countries does not aware about this currency. So according to me, USD is first next BTC.

Price does not determine popularity of bitcoin or USD. And about security, USD can be counterfeited, but can  you say the same with bitcoin? I do not think you can generate bitcoin out of nowhere and include it in the chain.

Exactly, it is very unlikely you counterfeit bitcoin but I have seen on so many occasions when the dollar is counterfeited. For this reason one will even believe that bitcoin is the real and best currency to go for because people can not produce fake one.

All the reasons are right, but now we should see what the comparison with each other, Actually, i don't think that bitcoin has VS dollar, because dollar is real fiat currency, and it always remain forever, and no one have doubt on it, also on one ask that what's the time when dollar has been finished. because we all believe on it and well know about dollar,
And in the opposite, Bitcoin have a trust on it and in the same time everyone know that bitcoin has no grantee that it will live long forever, and also if bitcoin would be got popularity like dollar has than also both currencies have a different ways.

Yeah right there is no assurance that bitcoin will stay long dollar is main fiat and it can not be replace by any currency.. and bitcoin is just alternative for online transaction it is good for online because of some benefits like price increase and easy to use.. also some people are want to be anonymous so they are choose bitcoin to gamble or to pay service online that they dont want to trace their place..

[Doamader]

I dont agree with dollar cant be replaced by any other currency, in the past i thinked escudo would be the currency from Portugal, and now its euro currency, soo dollar is the king of transactions, but how long they will keep being it. Bitcoin has potencial not to fight against dollar or replace it, but to provide an high quality service and give back the power to the people as before.

[ananas99]

I dont agree with dollar cant be replaced by any other currency, in the past i thinked escudo would be the currency from Portugal, and now its euro currency, soo dollar is the king of transactions, but how long they will keep being it. Bitcoin has potencial not to fight against dollar or replace it, but to provide an high quality service and give back the power to the people as before.

Perhaps the dollar is the most popular currency in the world. And there is nothing even to argue, because the dollar tied to the economy of many different countries. How would feel the dollar, and there will be those countries. About bitcoin such can not be said clearly.

[Pitchblackroom]

Bitcoin is a currency/commodity like gold that is used in some exchanges with USD Dollar values.
USD is the typical fiat currency of the United States

Wouldn't say they are the same, just different roles

[phieiph]

Bitcoin is a currency/commodity like gold that is used in some exchanges with USD Dollar values.
USD is the typical fiat currency of the United States

Wouldn't say they are the same, just different roles

Dollars are also probably not a bad investment. At the time of speculation with dollars many people have suffered because of the fact that smelled this infection.

[mirakal]

Bitcoin is a currency/commodity like gold that is used in some exchanges with USD Dollar values.
USD is the typical fiat currency of the United States

Wouldn't say they are the same, just different roles

Dollars are also probably not a bad investment. At the time of speculation with dollars many people have suffered because of the fact that smelled this infection.

It depends on how you value dollars and when you compare the two you will know which is more profitable. Bitcoin is more profitable for me so I would not bother investing with dollar and since there's a rumor of possible dollar's collapse, I would rather put my money in bitcoin.

[tee-rex]

No way dollar and others currencies will always be the most used currency, and bitcoin and crypto world wont replace those, crypto world can make a bit pressio to the current system of high fees readjust to the new way.

The low fee structure of Bitcoin (which is already changing) is the selling point that we all want to advertise with, but as we progress through the years, pools will more and more depend on the fee income.

It basically means that the average fee will only increase in the coming years. Even to a certain level where we can't refer to Bitcoin's low fee structure anymore. We're underway already.

I find that the fees are too high already in case you are just using Bitcoin as a currency tool to complete purchases. If I compare Bitcoin as currency to fiat when purchasing my daily needs, then I prefer to keep using fiat as it's more convenient (in this use case), all transactions are free, instant, etc.

Why would you want to spend bitcoins on your daily needs, even if the fees and other overhead expenses didn't increase exponentially? In my view, Bitcoin is like gold, and I don't think you would want to spend your precious coins for making a casual purchase of goods or services, for example, to pay for a cup of coffee, even if you got a good exchange rate. I would keep bitcoins for buying something of a more lasting value, for example, real estate or gold itself.

[X-ray]

Bitcoin is a currency/commodity like gold that is used in some exchanges with USD Dollar values.
USD is the typical fiat currency of the United States

Wouldn't say they are the same, just different roles

Dollars are also probably not a bad investment. At the time of speculation with dollars many people have suffered because of the fact that smelled this infection.

LOL with the current situation in USA which now facing the president election which could potentially making economic worse or better by the result of the election,investing on USD is definitely a bad idea unless you have a power to predict who's going to be elected and become the president and what's the effect to the economy

[Rostadom]

Bitcoin is a currency/commodity like gold that is used in some exchanges with USD Dollar values.
USD is the typical fiat currency of the United States

Wouldn't say they are the same, just different roles

Dollars are also probably not a bad investment. At the time of speculation with dollars many people have suffered because of the fact that smelled this infection.

LOL with the current situation in USA which now facing the president election which could potentially making economic worse or better by the result of the election,investing on USD is definitely a bad idea unless you have a power to predict who's going to be elected and become the president and what's the effect to the economy

Hilary and Trump has been a topic all over the world. Seeing how bad the Americans see their future president is a big sign that their economy might become worse. The USA have debt from different nations and I don't think that Hilary or Trump is capable of solving that problem at all. That will surely affect the price of USD and I think investing in bitcoins is far better than investing in USD. USD is a fiat currency and that doesn't go up as much as bitcoin does.

[kryptqnick]

No, bitcoin is no more popular than the US Dollar. We all already know that bitcoin is still popular and many people do not know bitcoin. In contrast to the US Dollar which greatly affect the price of other currencies. US Dollar is very well known to many people even around the world. US dollar is still more popular than the bitcoin.

I can't disagree with that. Certainly, Bitcoin is now less popular and, by the way, a lot less legal then dollar. However, we may say that it is potentially more popular then dollar if we believe that the era of bitcoin will come in the near future along with death of USD.

[danherbias07]

I think versus should not be used here instead it could be USD and BTC. This two combined will surely give a good success to bitcoin. Look at oil being used by US because I think investments are mostly in their country.

[Doamader]

No, bitcoin is no more popular than the US Dollar. We all already know that bitcoin is still popular and many people do not know bitcoin. In contrast to the US Dollar which greatly affect the price of other currencies. US Dollar is very well known to many people even around the world. US dollar is still more popular than the bitcoin.

I can't disagree with that. Certainly, Bitcoin is now less popular and, by the way, a lot less legal then dollar. However, we may say that it is potentially more popular then dollar if we believe that the era of bitcoin will come in the near future along with death of USD.

Dollar wont die as any other currencie, they can improve to digital and just that, bitcoin cant replace any of them, nowadays bitcoin can be like a stock of value for some people that cant buy others currencies like dollar. Dollar will remain for a long period as the main currency worldwide and bitcoin can get some bigger space and will, but not a problem for usd.