USD vs BTC

[funkenstein]

The paper money should stand atleast for more 25 years, then can and should upgrade to digital, but fiat as currencie will always be the most supported, and dollar is the king of fiat currency, there is no way to change it, neither bitcoin has such potencial to take its place. Bitcoin should grow over the next years and become an asset where people will trust their money, the same way they do with gold.

Yes, the dollar is the most popular currency in the world. A Bitcoin will always be an alternative currency. We must learn to work with these two currencies. There is no need to oppose them

L0L @ this thread.  "Building houses out of straw is the most popular construction method in the world.  There's no reason to oppose it"

Except it's not, and there are. 

[deisik]

I really believe that today people tend to prefer usd from the BTC. Well, there are still very many people who do not know how to use bitcoin, even still so many people today do not know what it bitcoin. however, the longer, bitcoin certainly will be more famous, but I feel that bitcoin will only be the choice of people when they are running a business on the internet

Yeah, usd is still become the most wanted currency. Its becouse usd was being international currency so usd is the strongest currency. But usd is just the same as another fiat that have inflation. The global reserve currency was have decrease its value until 5%. Its make some people get saturated of using usd. So some of the looking for alternatif to safe their wealth in bitcoin. I think paper money have no future.

If the US continues to spiral down as the world power or even disintegrates eventually into a lot of smaller states such as California, Texas, Free City of New York, and the likes of them, then the US dollar won't last long either. It is the economic and military power of the US that makes dollar into what it is, namely, into a global reserve currency and a means of payments on an international scale...

But without the US there will be no US dollar as we know it today

L0L @ this thread.  "Building houses out of straw is the most popular construction method in the world.  There's no reason to oppose it"

One billion flies cannot be wrong

[South Park]

Actually Bitcoin is used not only for trading online. There are shops, bars and even some hotels accepting payment in BTC. But of course USD is much more popular so far, no doubt about that. We'll see what happens in the future when people will start losing their trust in US Dollar, but even then Bitcoin will not be more popular than USD, with time maybe but not immediately.

These are few and far in between. Regarding people losing trust in the US dollar, I think many other fiat currencies would first have to lose this trust in them, and the dollar will be the last to fall. But even without the dollar going belly up, other currencies may contribute greatly to Bitcoin popularity. I mean when they all start crashing down, and it will the American dollar against which they will be losing.

I disagree a little bit with this obviously some currencies are going to fail before the dollar but I think the dollar is going to fail eventually, it does not need to happen tomorrow but it will happen at some point in the future probably in some decades, and when that happens all the currencies are going to fail as well.

I see no viable reason why other currencies should necessarily fail as well if the dollar is going to kick the bucket. All major currencies are not tied to it in a way that would make such conclusion meaningful. Why Euro or Swiss franc should fail if the dollar dies? In my view, they will only get stronger due to the dollar demise. Euro will be the first to take the place of the dollar as the main world reserve currency once this place becomes vacant.

The reason of why I said that is because the dollars are kept by most currencies as a reserve currency, basically their savings accounts will be denominated in dollars, if the dollar collapses then all those saving will be worth nothing, you can imagine the amount of economic chaos that will bring.

[praboso96]

Actually Bitcoin is used not only for trading online. There are shops, bars and even some hotels accepting payment in BTC. But of course USD is much more popular so far, no doubt about that. We'll see what happens in the future when people will start losing their trust in US Dollar, but even then Bitcoin will not be more popular than USD, with time maybe but not immediately.

These are few and far in between. Regarding people losing trust in the US dollar, I think many other fiat currencies would first have to lose this trust in them, and the dollar will be the last to fall. But even without the dollar going belly up, other currencies may contribute greatly to Bitcoin popularity. I mean when they all start crashing down, and it will the American dollar against which they will be losing.

I disagree a little bit with this obviously some currencies are going to fail before the dollar but I think the dollar is going to fail eventually, it does not need to happen tomorrow but it will happen at some point in the future probably in some decades, and when that happens all the currencies are going to fail as well.

I see no viable reason why other currencies should necessarily fail as well if the dollar is going to kick the bucket. All major currencies are not tied to it in a way that would make such conclusion meaningful. Why Euro or Swiss franc should fail if the dollar dies? In my view, they will only get stronger due to the dollar demise. Euro will be the first to take the place of the dollar as the main world reserve currency once this place becomes vacant.

The reason of why I said that is because the dollars are kept by most currencies as a reserve currency, basically their savings accounts will be denominated in dollars, if the dollar collapses then all those saving will be worth nothing, you can imagine the amount of economic chaos that will bring.

It is not just being used for being a reserve currency but instead most of the countries are using it as their basis for their local currency value. And also bitcoin is depending its value to US Dollars. But I'm thinking what if bitcoin is going to be converted and being dependent with Euro, do you think its value will become higher?

Dollar and Bitcoin is the two currencies to be used together. It is very convenient. And if you use them wisely, you can achieve good results and to increase its capital

[South Park]

Actually Bitcoin is used not only for trading online. There are shops, bars and even some hotels accepting payment in BTC. But of course USD is much more popular so far, no doubt about that. We'll see what happens in the future when people will start losing their trust in US Dollar, but even then Bitcoin will not be more popular than USD, with time maybe but not immediately.

These are few and far in between. Regarding people losing trust in the US dollar, I think many other fiat currencies would first have to lose this trust in them, and the dollar will be the last to fall. But even without the dollar going belly up, other currencies may contribute greatly to Bitcoin popularity. I mean when they all start crashing down, and it will the American dollar against which they will be losing.

I disagree a little bit with this obviously some currencies are going to fail before the dollar but I think the dollar is going to fail eventually, it does not need to happen tomorrow but it will happen at some point in the future probably in some decades, and when that happens all the currencies are going to fail as well.

I see no viable reason why other currencies should necessarily fail as well if the dollar is going to kick the bucket. All major currencies are not tied to it in a way that would make such conclusion meaningful. Why Euro or Swiss franc should fail if the dollar dies? In my view, they will only get stronger due to the dollar demise. Euro will be the first to take the place of the dollar as the main world reserve currency once this place becomes vacant.

The reason of why I said that is because the dollars are kept by most currencies as a reserve currency, basically their savings accounts will be denominated in dollars, if the dollar collapses then all those saving will be worth nothing, you can imagine the amount of economic chaos that will bring.

It is not just being used for being a reserve currency but instead most of the countries are using it as their basis for their local currency value. And also bitcoin is depending its value to US Dollars. But I'm thinking what if bitcoin is going to be converted and being dependent with Euro, do you think its value will become higher?

Bitcoin is not dependent on the price of the U.S. dollar we use it as a measure stick if the dollar collapses then there is no point in using the dollar as such and we could use something else like other currencies or gold and silver.

[Ayers]

Actually Bitcoin is used not only for trading online. There are shops, bars and even some hotels accepting payment in BTC. But of course USD is much more popular so far, no doubt about that. We'll see what happens in the future when people will start losing their trust in US Dollar, but even then Bitcoin will not be more popular than USD, with time maybe but not immediately.

These are few and far in between. Regarding people losing trust in the US dollar, I think many other fiat currencies would first have to lose this trust in them, and the dollar will be the last to fall. But even without the dollar going belly up, other currencies may contribute greatly to Bitcoin popularity. I mean when they all start crashing down, and it will the American dollar against which they will be losing.

I disagree a little bit with this obviously some currencies are going to fail before the dollar but I think the dollar is going to fail eventually, it does not need to happen tomorrow but it will happen at some point in the future probably in some decades, and when that happens all the currencies are going to fail as well.

I see no viable reason why other currencies should necessarily fail as well if the dollar is going to kick the bucket. All major currencies are not tied to it in a way that would make such conclusion meaningful. Why Euro or Swiss franc should fail if the dollar dies? In my view, they will only get stronger due to the dollar demise. Euro will be the first to take the place of the dollar as the main world reserve currency once this place becomes vacant.

The reason of why I said that is because the dollars are kept by most currencies as a reserve currency, basically their savings accounts will be denominated in dollars, if the dollar collapses then all those saving will be worth nothing, you can imagine the amount of economic chaos that will bring.

It is not just being used for being a reserve currency but instead most of the countries are using it as their basis for their local currency value. And also bitcoin is depending its value to US Dollars. But I'm thinking what if bitcoin is going to be converted and being dependent with Euro, do you think its value will become higher?

Bitcoin is not dependent on the price of the U.S. dollar we use it as a measure stick if the dollar collapses then there is no point in using the dollar as such and we could use something else like other currencies or gold and silver.

if the dollar collapse you will need something else to use to measure bitcoin value, bitcoin depend on fiat right now for its price, the price of the fiat currency is always the same minor swings here and there that are not relevant, it's called spread

[Mr.grin]

The paper money should stand atleast for more 25 years, then can and should upgrade to digital, but fiat as currencie will always be the most supported, and dollar is the king of fiat currency, there is no way to change it, neither bitcoin has such potencial to take its place. Bitcoin should grow over the next years and become an asset where people will trust their money, the same way they do with gold.

Yes, the dollar is the most popular currency in the world. A Bitcoin will always be an alternative currency. We must learn to work with these two currencies. There is no need to oppose them

bitcoin will only be an alternative to the instrument transactions. possible on the Internet, bitcoin exchange will only be a very good tool, even exceeding usd. but, I think bitcoin will not beat the popularity of usd if bitcoin became popular outside the internet, because people have been accustomed to using usd from the bitcoin

[xIIImaL]

The paper money should stand atleast for more 25 years, then can and should upgrade to digital, but fiat as currencie will always be the most supported, and dollar is the king of fiat currency, there is no way to change it, neither bitcoin has such potencial to take its place. Bitcoin should grow over the next years and become an asset where people will trust their money, the same way they do with gold.

Yes, the dollar is the most popular currency in the world. A Bitcoin will always be an alternative currency. We must learn to work with these two currencies. There is no need to oppose them

bitcoin will only be an alternative to the instrument transactions. possible on the Internet, bitcoin exchange will only be a very good tool, even exceeding usd. but, I think bitcoin will not beat the popularity of usd if bitcoin became popular outside the internet, because people have been accustomed to using usd from the bitcoin

Soon in future this alternative currency will rule over USD and I expect bitcoin will be adopted to be a national currency of USA. It will reduce taxation more when compare with using us dollars.

[Bitcoinsummoner]

The paper money should stand atleast for more 25 years, then can and should upgrade to digital, but fiat as currencie will always be the most supported, and dollar is the king of fiat currency, there is no way to change it, neither bitcoin has such potencial to take its place. Bitcoin should grow over the next years and become an asset where people will trust their money, the same way they do with gold.

Yes, the dollar is the most popular currency in the world. A Bitcoin will always be an alternative currency. We must learn to work with these two currencies. There is no need to oppose them

bitcoin will only be an alternative to the instrument transactions. possible on the Internet, bitcoin exchange will only be a very good tool, even exceeding usd. but, I think bitcoin will not beat the popularity of usd if bitcoin became popular outside the internet, because people have been accustomed to using usd from the bitcoin

We can not change that bitcoin is just use and good for alternative payment mode and i think they are satisfied if they are already experience good in other payment processor.. if they can use and test bitcoin they will now that the transaction fee is less than the other payment mode..
Also they will trusting usd more than bitcoin since bitcoin is just like a gold the the price is not stable and unpredictable.. but you can only use it online you can not use it offline.

[Rahar02]

Presently, USD has more fans than bitcoin. Because everybody is well aware of the value of US dollar. But in future, bitcoin will over take USD dollars.

I doubt that you can talk in this category - I like US dollar therefore I use it. People are using USD not because they are fond of it. but because it is a necessity for them, they have no choice.
You can either use strong FIAT backed by one of the superpowers and hope that it will stay strong or pick lesser FIAT with worse qualities, so there is not much of a choice there, is it?

If we discussed about popular, I think USD still more popular of course.
Bitcoin has it own market for now and people in community still try to spread widely and set it position, maybe in few years later when everyone knows what bitcoin is, then it will more popular than USD.

[socks435]

Presently, USD has more fans than bitcoin. Because everybody is well aware of the value of US dollar. But in future, bitcoin will over take USD dollars.

I doubt that you can talk in this category - I like US dollar therefore I use it. People are using USD not because they are fond of it. but because it is a necessity for them, they have no choice.
You can either use strong FIAT backed by one of the superpowers and hope that it will stay strong or pick lesser FIAT with worse qualities, so there is not much of a choice there, is it?

If we discussed about popular, I think USD still more popular of course.
Bitcoin has it own market for now and people in community still try to spread widely and set it position, maybe in few years later when everyone knows what bitcoin is, then it will more popular than USD.

I think he can not be the same as usd popularity because bitcoin is just good for alternative payment mode only for online shopping or buying service online..  the adoption of bitcoin still low and they are few stores are accepting bitcoin and in other country accepting bitcoin locally..
The popularity still few i think below 10% world wide..

[tee-rex]

These are few and far in between. Regarding people losing trust in the US dollar, I think many other fiat currencies would first have to lose this trust in them, and the dollar will be the last to fall. But even without the dollar going belly up, other currencies may contribute greatly to Bitcoin popularity. I mean when they all start crashing down, and it will the American dollar against which they will be losing.

I disagree a little bit with this obviously some currencies are going to fail before the dollar but I think the dollar is going to fail eventually, it does not need to happen tomorrow but it will happen at some point in the future probably in some decades, and when that happens all the currencies are going to fail as well.

I see no viable reason why other currencies should necessarily fail as well if the dollar is going to kick the bucket. All major currencies are not tied to it in a way that would make such conclusion meaningful. Why Euro or Swiss franc should fail if the dollar dies? In my view, they will only get stronger due to the dollar demise. Euro will be the first to take the place of the dollar as the main world reserve currency once this place becomes vacant.

The reason of why I said that is because the dollars are kept by most currencies as a reserve currency, basically their savings accounts will be denominated in dollars, if the dollar collapses then all those saving will be worth nothing, you can imagine the amount of economic chaos that will bring.

I agree that many countries, for example, China and Russia, keep their reserves in dollars. But these reserves consist not only of dollars. Both China and Russia are also net buyers of gold. Besides, as far as I'm familiar with the question, the dollar reserves roughly match national debts of these countries denominated in dollars. So even if the dollar collapses, their dollar debts will evaporate as well.

Therefore it won't be a great loss for them.

[alexsandria]

is bitcoin more popular than US Dollar ?

No.

The market of bitcoin is smaller than USD.

Most of the economy was based on the rate of US dollar.

Yet, as time goes buy bitcoin can be more popular than USD.
As bitcoin uses as decentralized currency.

[Positid]

is bitcoin more popular than US Dollar ?

No.

The market of bitcoin is smaller than USD.

Most of the economy was based on the rate of US dollar.

Yet, as time goes buy bitcoin can be more popular than USD.
As bitcoin uses as decentralized currency.

No question about that, we have witness already how big the population of USD users compared to bitcoin although it's a universal currency as we call it. We must live with the reality that it cannot happen, we have our freedom to use bitcoin but it will always remain as an alternative currency.

[yliu]

Obviously it is not

[marketone]

Right now still USD is more popular in many countries because many countries are fully implemented with this USD but where as bitcoin is not completely implemented by many countries. But the price very high even though it will take lot of time to implement bitcoin.

[virasog]

is bitcoin more popular than US Dollar ?

No.

The market of bitcoin is smaller than USD.

Most of the economy was based on the rate of US dollar.

Yet, as time goes buy bitcoin can be more popular than USD.
As bitcoin uses as decentralized currency.

No question about that, we have witness already how big the population of USD users compared to bitcoin although it's a universal currency as we call it. We must live with the reality that it cannot happen, we have our freedom to use bitcoin but it will always remain as an alternative currency.

There will be institutions using USD for professional matters. But bitcoin will get massive support, not that is doesn't have now. But it will achieve yet another exponential growth.

[Ludwish]

is bitcoin more popular than US Dollar ?

No.

The market of bitcoin is smaller than USD.

Most of the economy was based on the rate of US dollar.

Yet, as time goes buy bitcoin can be more popular than USD.
As bitcoin uses as decentralized currency.

No question about that, we have witness already how big the population of USD users compared to bitcoin although it's a universal currency as we call it. We must live with the reality that it cannot happen, we have our freedom to use bitcoin but it will always remain as an alternative currency.

There will be institutions using USD for professional matters. But bitcoin will get massive support, not that is doesn't have now. But it will achieve yet another exponential growth.

The US dollar price has dropped against bitcoin in the last two years. It seems more institutions will use bitcoin.

[tee-rex]

The US dollar price has dropped against bitcoin in the last two years. It seems more institutions will use bitcoin.

It is not quite correct to say that the dollar price dropped, it is Bitcoin grew into something bigger recently. You can't say that something dropped just because its price diminished against something else. That would be too mechanistic. Regarding the value of the US dollar itself, it has been on the rise for the last few years against other currencies such as euro, British pound, Japanese yen, etc. It just turned out that the growth of Bitcoin outpaced the growth of the dollar.

[salemon]

many people do not represent what Bitcoin. This is not surprising, all the unknown seems too complicated and confusing, if not useless. But if you come up with Bitcoin, then it is necessary for someone, and if someone is using, it means that the currency has some advantages. But the dollar is to meet the needs of all without exception.