USD vs BTC

[SidaroffVany]

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.

Perhaps not very sensible to consider a dying dollar currency. This currency is practically kept the world economy. The World Bank will work with each country to support the dollar.

[mkmdoc]

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.

[salemon]

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

But if the question is about the transition to a particular type of currency or invest in bitcoin or the dollar, it is still necessary to choose the lesser evil of the two. Therefore, if we consider that the evil is the degree of risk, then today bitcoin less stable than the dollar.

[bhadz]

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.

Yes there no need to be compared because USd will remain as USD and being used and popular whole over the world. Unlike bitcoin, it is still on its young age and needs to be adopted by a lot of people. But for us, that who are already knew it both of them are very important to us because we are able to convert our bitcoins with USD.

[crairezx20]

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.

Yes there no need to be compared because USd will remain as USD and being used and popular whole over the world. Unlike bitcoin, it is still on its young age and needs to be adopted by a lot of people. But for us, that who are already knew it both of them are very important to us because we are able to convert our bitcoins with USD.

Yeah we don't need to compare them bitcoin is just alternative currency online and few merchant are accepting bitcoin.. and bitcoin still not accepting locally here in my country unlike on brazil that has 150+ stores are accepting bitcoin as payment..
Unlike USD that almost whole world can use this or exchange this and locally currency exchange.

[gabmen]

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.

Yes there no need to be compared because USd will remain as USD and being used and popular whole over the world. Unlike bitcoin, it is still on its young age and needs to be adopted by a lot of people. But for us, that who are already knew it both of them are very important to us because we are able to convert our bitcoins with USD.

Yeah it may take bitcoin quite some time to have itself fully established as it needs support from countries' governments and banks. Although bitcoin is slowly but surely being known in a lot of areas, the level of use is still dwarfed by that of other fiat currencies

[Holly-Dolly]

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.

Yes there no need to be compared because USd will remain as USD and being used and popular whole over the world. Unlike bitcoin, it is still on its young age and needs to be adopted by a lot of people. But for us, that who are already knew it both of them are very important to us because we are able to convert our bitcoins with USD.

Yeah it may take bitcoin quite some time to have itself fully established as it needs support from countries' governments and banks. Although bitcoin is slowly but surely being known in a lot of areas, the level of use is still dwarfed by that of other fiat currencies

If big countries the major players in the financial market will not recognize bitcoin as a fully fledged currency, wait for something that no longer have on bitcoin. Digital currency will then remain anonymous financial source.

[PacePay]

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.

Yes there no need to be compared because USd will remain as USD and being used and popular whole over the world. Unlike bitcoin, it is still on its young age and needs to be adopted by a lot of people. But for us, that who are already knew it both of them are very important to us because we are able to convert our bitcoins with USD.

Yeah it may take bitcoin quite some time to have itself fully established as it needs support from countries' governments and banks. Although bitcoin is slowly but surely being known in a lot of areas, the level of use is still dwarfed by that of other fiat currencies

If big countries the major players in the financial market will not recognize bitcoin as a fully fledged currency, wait for something that no longer have on bitcoin. Digital currency will then remain anonymous financial source.

The major players are already involved in the field of bitcoin and they are actively investing their money in bitcoin like the owner of microsoft have a bigger amount of money in bitcoin and the owner of facebook also have investment in bitcoin.

[20kevin20]

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.

You mean it'll take a lot of time to replace physical with digital. It will not, because we're getting used to it right now. We have seen how easy it is to complete transactions online and how useful they are. The world is changing at this moment.

[lakisis]

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 .

[Rmaqks]

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 .

I heard that in China already established physical coins Bitcoin.
I believe that there is no confrontation between the dollar and the Bitcoins. They are together and complement each other

[tee-rex]

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.

Yes there no need to be compared because USd will remain as USD and being used and popular whole over the world. Unlike bitcoin, it is still on its young age and needs to be adopted by a lot of people. But for us, that who are already knew it both of them are very important to us because we are able to convert our bitcoins with USD.

Yeah it may take bitcoin quite some time to have itself fully established as it needs support from countries' governments and banks. Although bitcoin is slowly but surely being known in a lot of areas, the level of use is still dwarfed by that of other fiat currencies

If big countries the major players in the financial market will not recognize bitcoin as a fully fledged currency, wait for something that no longer have on bitcoin. Digital currency will then remain anonymous financial source.

The major players are already involved in the field of bitcoin and they are actively investing their money in bitcoin like the owner of microsoft have a bigger amount of money in bitcoin and the owner of facebook also have investment in bitcoin.

I've read it a few times here that Microsoft is somehow interested in Bitcoin, but I couldn't find any link confirming that. Also, who do you mean by the owner of this company, Bill Gates? With his innumerable billions of dollars, I don't really think he would be much interested in Bitcoin. What about Mark Zuckerberg then, the owner (creator) of Facebook?

Anyways, could you post a link or two revealing their interest in Bitcoin?

[vindicare]

is bitcoin more popular than US Dollar ?

No and it will not as long as the elites are still controlling currencies to avoid their wealth being drag down but digital currency will prevail in the future I'm sure of that because of emerging technologies nowadays.

[jaysabi]

Look at what Bitcoin is used primarily for currently: highly speculative day trading and gambling. Outside of these functions, it does not have a high degree of utility. This does not portend well for mass adoption and disruption. It's a niche product appealing to a small number of people currently.

not only for that, but also for people looking to store money outside the banking system. i do exactly that and i am very happy that bitcoin offers me this opportunity. and yes, i agree that bitcoin right now is very small when it comes to adoption, but this shows how much growth we can realize in the coming years. this makes bitcoin a more than interesting long term investment.

Using bitcoin to store value outside of the traditional banking system is not a large component of its use (I don't think). Or at least, I hope it isn't. It's extremely risky to do this. There's nothing backing its value and no system insuring against risk of loss. Bank deposits at least have the FDIC, and brokerage accounts have a similar backstop.

[jaysabi]

Bitcoin is not as popular as the US Dollar. US Dollar has been there for a long time so people have talked about it ever since. Before most of us were born, people already know about US Dollar and it has more value than most currencies.

Bitcoin, on the other hand, is relatively new. As we approach a more and more digital world, Bitcoin is also arising. People are starting to talk about Bitcoin but I don't think it will come to the point that Bitcoin is more popular than US Dollars any time soon. But it will, eventually.

There are a few important aspects to keep in mind.

1- Bitcoin is still relatively new - This shows how much potential growth we can realize.
2- Bitcoin offers people financial freedom - This is something a lot people are looking for in times where trust in banks is very low.
3- Bitcoin is the best online currency - Sending billions of dollars worth of coins instantly for $0.05 in fees, is of course impressive.

I am quite sure that these features will make the average joe more than interested in Bitcoin in the coming years.

Let me take the contrarian view on these points, because bitcoin is not a pure benefit with no risks.

1- Bitcoin is relatively new, and has an extremely volatile price history. This makes it a terrible choice for a currency or store of value and nearly unusable for business purposes, which require price stability.

2- Bitcoin offers no more financial freedom than fiat. You don't need to use a bank with fiat if you don't trust the bank. Moreover, banks are far more stable than bitcoin exchanges, which have a long history of losing depositor coins to hacks or insider theft. Deposits in a bank are backed by the FDIC.

3- Digital USD transactions are more stable than bitcoin transactions. In part because of the price instability of bitcoin, also because you can send money through your bank for free if you're a customer. Fees for bitcoin will continue to rise over time as mining income falls. What may look like a temporary advantage now (which you haven't even convinced me of) will become a liability in the future as transaction fees for bitcoin become cost prohibitive.

[mindrust]

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?

[lakisis]

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 .

I heard that in China already established physical coins Bitcoin.
I believe that there is no confrontation between the dollar and the Bitcoins. They are together and complement each other

it will be too wonderful if china establish the physical shape of bitcoin , then it will be more get stronger in china and i hope bitcoin will be more survive for always and people more believe in bitcoin .

[jaysabi]

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 .

I heard that in China already established physical coins Bitcoin.
I believe that there is no confrontation between the dollar and the Bitcoins. They are together and complement each other

it will be too wonderful if china establish the physical shape of bitcoin , then it will be more get stronger in china and i hope bitcoin will be more survive for always and people more believe in bitcoin .

There's no such thing as a physical bitcoin. It is impossible for bitcoin to even take physical form. Remember, there are no such things as "coins" in cryptocurrencies. The use of "coins" is for familiarity. Bitcoin is nothing more than a digital ledger, and all transactions and ownership exists only in the ledger. You cannot have a physical token that represents bitcoin because even if you were to give someone a physical bitcoin, ownership would not transfer in the ledger when you do so, which is required for someone to properly own a bitcoin. It is the ability to transfer bitcoin to someone else which establishes ownership of bitcoin, and owning a physical bitcoin does not give you the ability to transfer ownership in the blockchain. This is why it is technically impossible for physical bitcoin to exist.

[bestluck]

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 .

I heard that in China already established physical coins Bitcoin.
I believe that there is no confrontation between the dollar and the Bitcoins. They are together and complement each other

it will be too wonderful if china establish the physical shape of bitcoin , then it will be more get stronger in china and i hope bitcoin will be more survive for always and people more believe in bitcoin .

There's no such thing as a physical bitcoin. It is impossible for bitcoin to even take physical form. Remember, there are no such things as "coins" in cryptocurrencies. The use of "coins" is for familiarity. Bitcoin is nothing more than a digital ledger, and all transactions and ownership exists only in the ledger. You cannot have a physical token that represents bitcoin because even if you were to give someone a physical bitcoin, ownership would not transfer in the ledger when you do so, which is required for someone to properly own a bitcoin. It is the ability to transfer bitcoin to someone else which establishes ownership of bitcoin, and owning a physical bitcoin does not give you the ability to transfer ownership in the blockchain. This is why it is technically impossible for physical bitcoin to exist.

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.

[20kevin20]

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?

Well, do we care about the USD's drops? We do, because it matters after all. Many currencies depend on it, and like you said.. if it's down, everything will be. Bitcoin is important too, and can take part in a very strong decision: digital or paper currency.