USD vs BTC

[ikydesu]

Mostly people still not aware if bitcoin designed as alternative currency, with have more valuable. Bitcoin can't win against USD popularity, and also other fiat currency too. Because USD has been a main pair from all currency in this planet.
But if we talk about the value, USD exactly lose, even from Euro.

[Sled]

I think we should not tolerate this kind of topic about comparison between bitcoin and USD or even other currencies because they are clearly different from one another and they have their own uniqueness and characteristic that you may find special. Those two kinds of currency are connected and they didn't need to be compared.

[Kevin77]

The two of them must find a way to coexist whether they like it or not because with one trying to outshine each other will not do well for both. With dollars abandoning Bitcoin will make it difficult for countries like mine whose currency is not directly trade able to Bitcoin impossible to deal with Bitcoin and this will even push out a lot of citizens of such countries among other outcomes of such decisions...

It is true that bitcoin and the dollar has to exist together in order to make a good progress.

Bitcoin’s price is always related to the market demand and the dollar, if the dollar goes down the investments will go down which will have a bad influence on the bitcoin, and if the us becomes worthless for many people who are using bitcoin exchanging it to fiat will become difficult.

[MarketMagic]

Without fiat dollar there would be no bitcoin.Most miners and any merchant that using bitcoin convert to fiat anyway.Also most trading and liquidity to market is against fiat dollar etc.This is true.

[NEWGOODOUBLE]

Without fiat dollar there would be no bitcoin.Most miners and any merchant that using bitcoin convert to fiat anyway.Also most trading and liquidity to market is against fiat dollar etc.This is true.

of course, because the current bitcoin also relies on fiat currency like dollars, unless bitcoin could stand on its own has a market in the real world and accepted throughout the country, it can stand on its own bitcoin

[Natalim]

Without fiat dollar there would be no bitcoin.Most miners and any merchant that using bitcoin convert to fiat anyway.Also most trading and liquidity to market is against fiat dollar etc.This is true.

of course, because the current bitcoin also relies on fiat currency like dollars, unless bitcoin could stand on its own has a market in the real world and accepted throughout the country, it can stand on its own bitcoin

Which I believe it will not happen, bitcoin is decentralized and no government behind this. We can only stand if we have someone who will manage us which would regulate everything to control the order, regardless of how successful bitcoin is, still we cannot deny the fact that we still rely on fiat.

[BeGoods]

Absolutely not.I thing dollars are better than Bitcoins.No one can say what the future of bitcoin but about dollars it will popular same as present.You will find more people those are new to Bitcoin and would like to learn what's it and not at all even this currency is not accepted in worldwide in other hand of course the U.S. Dollar is the most common and widely accepted.

Dollars have been around for much longer and are baked by the most powerful country in the world so of course that right now dollars are more popular, but you are mistaken by thinking the dollar will always be popular, things change in the past the most popular currency was the British pound until it was replaced by the dollar, so the dollar can be replaced.

So judging by all statements, very few people believe in the fact that bitcoin will win the dollar. Most likely, each of these currencies will be engaged in their place.

True I think every currency has its own place you can not make them fight like GBP vs USD. it certainly can not be because they have a place of their own. USD for American and bitcoin for online. it's much better

[Shady]

Both BTC and the US Standard are held internationally having access to many countries with fair value when exchanged or used.

Bitcoin is still in early growth phases as well as not being fully mined... Over time these two might increase in circulation, but for now the trend is till spreading considering the age of USD is ~250 altogether plus Bitcoin being ~8.

For now hold the goods and await further increases as it may pay better, especially with more innovation in its economy.

[Yakamoto]

Both BTC and the US Standard are held internationally having access to many countries with fair value when exchanged or used.

Bitcoin is still in early growth phases as well as not being fully mined... Over time these two might increase in circulation, but for now the trend is till spreading considering the age of USD is ~250 altogether plus Bitcoin being ~8.

For now hold the goods and await further increases as it may pay better, especially with more innovation in its economy.

A lot of Bitcoin's value, or bottom line value anyways, comes from the miners and how much they have to spend in order to confirm transactions. The halvings have way more of an effect than the hard cap limit, the limit just ensures it is always stuck to a maximum limit.

I'm curious how the value would differ if there was no hard cap, but the having the halvings still occur with the same block rewards we do now.

[funkenstein]

Without fiat dollar there would be no bitcoin.Most miners and any merchant that using bitcoin convert to fiat anyway.Also most trading and liquidity to market is against fiat dollar etc.This is true.

of course, because the current bitcoin also relies on fiat currency like dollars, unless bitcoin could stand on its own has a market in the real world and accepted throughout the country, it can stand on its own bitcoin

Which I believe it will not happen, bitcoin is decentralized and no government behind this. We can only stand if we have someone who will manage us which would regulate everything to control the order, regardless of how successful bitcoin is, still we cannot deny the fact that we still rely on fiat.

In a thread filled with broken English and even more broken economic understanding, i should probably only take the time to reply to one.  So I picked yours  

Bitcoin is the most regulated and orderly currency ever conceived.  Every transaction - every newly issued token - is publicly auditable and verifiable.  Imagine if you asked fiat issuers to be so regulated and orderly.  Lol right?  No chance.  

Saying that "we rely on fiat" is exactly saying "we rely on being robbed".  Rely on being robbed for what?  We rely on the sun shining, on arable land, on fresh water, amongst other things, for life.  Do we "rely" on having a large chunk of our wealth constantly being taken by people issuing economic tokens at no cost to themselves?  Sure, the same way prisoners rely on the prison guards to make sure they won't escape.  



  

[funcaty]

is bitcoin more popular than US Dollar ?

Digital currency in the spring, was kicked off, since the evolution of human society, technological progress, but cannot be reversed, evolution of money, there is no exception; the birth of the blockchain (fix distributed storage and general ledger), declared this network currency boarded the stage of history, and in 7 years the rise of Lawrence bitcoin in the harvest of glory at the time, also indicates that the net currency evolution will be net effect speed leap. Bitcoin is more popular than the dollar, but it takes time.

[agamasrori]

USD is just the same with other fiat. It value is always decrease becouse of inflation. I am sure that people will leave fiat soon. So many countries were accept bitcoin, I think bitcoin will get more mass adoption.

[X-ray]

USD is just the same with other fiat. It value is always decrease becouse of inflation. I am sure that people will leave fiat soon. So many countries were accept bitcoin, I think bitcoin will get more mass adoption.

None of countries are now accepting bitcoin offically, just few of company which is based on those countries accepting bitcoin didn't mean the countries were accepting bitcoin so, stop spreading this bullshit
and fiat value is not always decreasing but sometimes increasing just like bitcoin, if people leave fiat because of that reason then so does with bitcoin, people will get away from it

[Ludwish]

USD is just the same with other fiat. It value is always decrease becouse of inflation. I am sure that people will leave fiat soon. So many countries were accept bitcoin, I think bitcoin will get more mass adoption.

Bitcoin will coexist with fiat for long time. Small transactions can use fiat.

[deisik]

Without fiat dollar there would be no bitcoin.Most miners and any merchant that using bitcoin convert to fiat anyway.Also most trading and liquidity to market is against fiat dollar etc.This is true.

of course, because the current bitcoin also relies on fiat currency like dollars, unless bitcoin could stand on its own has a market in the real world and accepted throughout the country, it can stand on its own bitcoin

Which I believe it will not happen, bitcoin is decentralized and no government behind this. We can only stand if we have someone who will manage us which would regulate everything to control the order, regardless of how successful bitcoin is, still we cannot deny the fact that we still rely on fiat.

In a thread filled with broken English and even more broken economic understanding, i should probably only take the time to reply to one.  So I picked yours  

Bitcoin is the most regulated and orderly currency ever conceived.  Every transaction - every newly issued token - is publicly auditable and verifiable.  Imagine if you asked fiat issuers to be so regulated and orderly.  Lol right?  No chance

Cherry-picking at its best (or worst)

I could just as well claim that everything in this world is regulated by the laws of nature and Bitcoin is not regulated any better or in a more orderly manner since it is basically the same laws that are regulating Bitcoin too. And so what? The question is about Bitcoin being regulated by governments, or degree thereof, and whether this regulation is possible in the manner as fiat is being regulated. It is not so much about Bitcoin itself and its public ledger, the blockchain, but about what people are allowed to do with their bitcoins and what they are prohibited from doing, which is what government regulation ultimately boils down to

[deppil]

Without fiat dollar there would be no bitcoin.Most miners and any merchant that using bitcoin convert to fiat anyway.Also most trading and liquidity to market is against fiat dollar etc.This is true.

true but when bitcoin have been accepted and adopted by almost all humans, might be a different story. when everyone adopts bitcoin, certainly everyone would accept bitcoin as a payment option right?

[Ewinsane]

USD is very famous but bitcoin is also getting too much popularity day by day and a huge number of people investing their money in bitcoin too much faster because they know that bitcoin will be getting more famous and stronger more than USD in the future.

[funkenstein]

In a thread filled with broken English and even more broken economic understanding, i should probably only take the time to reply to one.  So I picked yours  

Bitcoin is the most regulated and orderly currency ever conceived.  Every transaction - every newly issued token - is publicly auditable and verifiable.  Imagine if you asked fiat issuers to be so regulated and orderly.  Lol right?  No chance

Cherry-picking at its best (or worst)

I could just as well claim that everything in this world is regulated by the laws of nature and Bitcoin is not regulated any better or in a more orderly manner since it is basically the same laws that are regulating Bitcoin too. And so what? The question is about Bitcoin being regulated by governments, or degree thereof, and whether this regulation is possible in the manner as fiat is being regulated. It is not so much about Bitcoin itself and its public ledger, the blockchain, but about what people are allowed to do with their bitcoins and what they are prohibited from doing, which is what government regulation ultimately boils down to

You could indeed claim this, with regards to the laws of nature, and you'd be exactly right.  The Earth's orbit is regulated by gravity, weather by physics, sure.  

However the context here is more specific.  As you say: "What people are allowed to do with their bitcoins".  Well for one, they aren't allowed to issue them in private at no cost - fiat currencies are issued in private in arbitrary amount at no cost.  If you understand the phenomenon of "regulatory capture" you can see clearly how the precise and complete regulation of bitcoin issuance and transactions FAR FAR outweighs in efficacy any so-called regulation by e.g the office of the comptroller of currency or the federal reserve board.  Perhaps it is cherry picking to call a spade a spade.  If so, I am guilty as charged.  

If you are worried about the rule of law with regards to bitcoin users, I really don't see any relevance here.  "But your honor I had bitcoin in my pocket" is always irrelevant in a criminal proceeding.  If wrongdoing is proven, you face consequences, at least to the same extent as when any other exchange commodity is involved. I'm not claiming the justice system works in any sense here, just that it doesn't care what economic tokens are involved.

This whole "bitcoin is unregulated" nonsense has always been a total farce - the only value is in pointing out the compete lack of knowledge on the part of anyone saying it.  The only other meaning I can see is if we are to take "regulated" as a euphemism for "corruptible", in which case sure - bitcoin is less regulated. 



  

  

[Farma]

if the state of bitcoin prices have remained stable and positive ride like today, I believe, over time, bitcoin will be positioned parallel to or exceeds USD. maybe today bitcoin is more common in the sum in the form usd, but someday, UDS will be sticking to the bitcoin. bitcoin will be growing over the times

[gabmen]

if the state of bitcoin prices have remained stable and positive ride like today, I believe, over time, bitcoin will be positioned parallel to or exceeds USD. maybe today bitcoin is more common in the sum in the form usd, but someday, UDS will be sticking to the bitcoin. bitcoin will be growing over the times

Well i believe so too. I wasn't very optimistic at the start but with how the price of bitcoin moved the past few months, a lot of people are already being aware and is using btc. We need now a couple of big corporation and business to accept the use of bitcoin and we may be seeing btc moving up at par with the dollar in the near future