USD vs BTC

[deisik]

is bitcoin more popular than US Dollar ?

since this topic still appears to be active until now although it is posted for almost a year ago, maybe I can share my opinion . well if bitcoin is more popular than bitcoin then why does the US dollar still taking the lead of being more used in many countries and only a few people has been informed about the cryptocurrencies especially bitcoin . it has a potential to be used for a convenient transaction all over the world but the mass population still have no idea about it and I guess they would still choose USD over bitcoin as long as those people still aren't well informed .

Hmm... Bitcoin more popular than Bitcoin?

It seems that you meant to say more popular than the US dollar, right? But who is actually claiming that? I don't remember that I've never seen anyone say something like that. Obviously, if we take the whole world the US dollar will by far surpass Bitcoin in popularity. That said, we still can't deny the possibility that in some places Bitcoin could be more popular than the US dollar. Ultimately, some people may not consider the US dollar as a currency at all (while many others don't consider Bitcoin as such altogether). And so what?

[Kyraishi]

Obviously, USD is more popular than Bitcoin. USD is here for like forever but bitcoin came in 2009. Bitcoin is still expanding.

Yes, the US dollar is more popular because it is regulated by the state and was invented earlier. But bitcoin has every chance to replace it, only time is needed.

The fiat payment has included on the oldest payment method, no doubt if they're all still existing right now.
But can you give me a reason how bitcoin can replace the dollar, in another side The US securities is ignoring the door for bitcoin to enter in the US. it's not about a time but the permission by the government.

That is true, we need goverment permission but the thing is, more people uses bitcoin - bigger influence they have on specific country.
It will take a really long time to see any kind of fiat replacement by bitcoin, but it is not needed. It is more like a dream of some crypto users.

In my opinion, bitcoin is not the best crypto to replace the fiat, because it would be too easy to track specific transactions for some authorities, but that depends what we actually need.
I would say that it is not even possible in 2030, United States won't let anything replace their "precious" currency right?

Bitcoin is a bad thing for US now because the US dark market is mostly hidden in bitcoin transactions.
Why would anyone pay 60,000$ for murder in cash, when he can do everything online, without meeting the guy who is supposed to complete the task?
Same thing with big amount of drugs or any illegal items.
Bitcoin is better also to hide your dirty money, you can just transfer them on some wallet and never touch them right?

[omonuyak]

is bitcoin more popular than US Dollar ?

It will take years for bitcoin  to be as purpular as dollars even if the whole  world adopt it today as a currency. Bitcoin  may in future more than dollars in value because of inflation and control . Bitcoin is decentralized and because of this many people are using it  for investment and keeping the assets were there have control over.

[choppork]

In my opinion, bitcoin is not the best crypto to replace the fiat, because it would be too easy to track specific transactions for some authorities, but that depends what we actually need.

Basically what you're trying to say is that bitcoins is not the best cryptocurrency to replace the fiat because it has transparent records. I don't even know a coin that doesn't have transparent records. We're all about that in the cryptoworld. This is different from fiat where the government can do hidden transactions.

For me, that's actually the best reason as to why a cryptocurrency should replace fiat. So we know what's the government doing with the taxes that they collected. That way, we can easily track where the taxes are going. It's actually the other way around. They are not going to let bitcoin replace fiat because they will be tracked and not because it will be easier to track us. Even though of course, they would love to track every single individual.

[kynaz]

Of course Bitcoin can't be more popular than USD for sure . It just become a currency that they can accept in payment, but can't become a popular currency in that short time. I think it will cost about 30-40 years more for bitcoin to become a global currency.

[deisik]

In my opinion, bitcoin is not the best crypto to replace the fiat, because it would be too easy to track specific transactions for some authorities, but that depends what we actually need.
I would say that it is not even possible in 2030, United States won't let anything replace their "precious" currency right?

Bitcoin is a bad thing for US now because the US dark market is mostly hidden in bitcoin transactions.
Why would anyone pay 60,000$ for murder in cash, when he can do everything online, without meeting the guy who is supposed to complete the task?
Same thing with big amount of drugs or any illegal items.
Bitcoin is better also to hide your dirty money, you can just transfer them on some wallet and never touch them right?

Why would you want to kill someone?

Anyway, whatever you intentions might be, I don't think that you can pay over Internet to kill anyone. I remember some dude tried something like that, and he was quickly caught by the police. Further, why would the guy who is supposed to do the task accept the risks of you being the police themselves? Apart from that, I always thought that the majority of Bitcoin users are using Bitcoin due to its economic merits (speculation, store of value, and such things), not because they were trying to evade the government control by exploiting its features that provide (pseudo)anonymity. This is a nice bonus but no more than that

[gabmen]

Of course Bitcoin can't be more popular than USD for sure . It just become a currency that they can accept in payment, but can't become a popular currency in that short time. I think it will cost about 30-40 years more for bitcoin to become a global currency.

I have to agree with you there. 10 years wont be enough to overtake fiat and it would take more than a few decades in ever it even does. We all believe in btc and we're hoping for the best with it but realistically i don't see btc even coming close to dollar's popularity

[deisik]

Of course Bitcoin can't be more popular than USD for sure . It just become a currency that they can accept in payment, but can't become a popular currency in that short time. I think it will cost about 30-40 years more for bitcoin to become a global currency.

I have to agree with you there. 10 years wont be enough to overtake fiat and it would take more than a few decades in ever it even does. We all believe in btc and we're hoping for the best with it but realistically i don't see btc even coming close to dollar's popularity

This is one of the things that we can't know for sure in any plausible way

It looks like we live in very interesting times (though I'm curious if people of all times and nations didn't think the same in their times as well), we don't know for certain what will happen to humanity in 10 year period with all those advances in biosciences and computer technologies. Regarding Bitcoin, more specifically, I think that with the introduction of instant payments we might see a run-away adoption of Bitcoin across the world. Ironically, though, that won't necessarily lead to a run-away price. But I'm also utterly curious if anyone will read this post and then ask me why

[Janation]

Of course Bitcoin can't be more popular than USD for sure . It just become a currency that they can accept in payment, but can't become a popular currency in that short time. I think it will cost about 30-40 years more for bitcoin to become a global currency.

That is really right, there are no way that bitcoin will surpass USD that easy, USD will stay USD. Without USD, bitcoin can't have a price, how can you say the price og bitcoin if USD do not exist? We can't use altcoins to and compare it to bitclin and make it the primary currency of one country. And I think you have a point, 30-40 years, though I think bitcoin will be accepted in the ETF or will have a hard fork.

[Pettuh4]

is bitcoin more popular than US Dollar ?

Not yet, but may one day.

[Duzter]

USD is very promising and popular than most other physical currency as well our digital currency. Importantly USD have grown with perfect history behind it, but BTC is very small in history. So when years pass bitcoin goes high than USD.

[deisik]

Of course Bitcoin can't be more popular than USD for sure . It just become a currency that they can accept in payment, but can't become a popular currency in that short time. I think it will cost about 30-40 years more for bitcoin to become a global currency.

That is really right, there are no way that bitcoin will surpass USD that easy, USD will stay USD. Without USD, bitcoin can't have a price, how can you say the price og bitcoin if USD do not exist? We can't use altcoins to and compare it to bitclin and make it the primary currency of one country. And I think you have a point, 30-40 years, though I think bitcoin will be accepted in the ETF or will have a hard fork

So, to you, the US dollar is the only pebble on the beach, right?

And you easily discard all other fiat currencies existing in the world (such as Euro, Chinese Yuan, Swiss franc and over 100 hundred of them)? Should I thus conclude that these currencies couldn't exist without the US dollar either since otherwise how could the Bitcoin price be ever quoted in them too if they didn't depend on the US dollar in absolutely the same degree (i.e. completely) as Bitcoin depends on the US dollar (according to your logic)? Do you confirm that all these fiat currencies can't exist without the US dollar by their side?

[darthmaul]

What? How can anyone even think of this question? First of all obviously YES! Bitcoin is more popular and valuable than USD. It'sprime reason is bitcoin being virtual and decentralised currency in the world. It is being used by many countries and not just by country which support USD. On top of that it is even popular than any other currencies. (Well more popular than USD of course). More often it is exchanged from USD to Bitcoins for ease of use. It is most secure currency due to its complex nature and AI. I am pretty sure it will be more popular in the future as well. :-)

[Mr.grin]

is bitcoin more popular than US Dollar ?

Not yet, but may one day.

you are right. usd has been recognized by everyone, and has also been accepted by the whole society. still very many disadvantages that can make a bitcoin to lose usd. basically it is like gold and usd, although people see gold as a luxury, but basically they're just looking for value usd contained.

[Jemzx00]

What? How can anyone even think of this question? First of all obviously YES! Bitcoin is more popular and valuable than USD. It'sprime reason is bitcoin being virtual and decentralised currency in the world. It is being used by many countries and not just by country which support USD. On top of that it is even popular than any other currencies. (Well more popular than USD of course). More often it is exchanged from USD to Bitcoins for ease of use. It is most secure currency due to its complex nature and AI. I am pretty sure it will be more popular in the future as well. :-)

Bitcoin can never outshine USD on it's popularity. Bitcoin isn't even known by everyone and some people even thinks that bitcoin is a illegal because of deepweb. Bitcoin's price maybe high but people are looking for the value of them based on Fiat money such as USD.

[Bitcotalk]

is bitcoin more popular than US Dollar ?

Not yet, but may one day.

Yes it is sure that one day bitcoin will be more popular than USD because of the increasing demand of bitcoin with the passage of time. It is obvious that the demand of bitcoin is higher than USD but the problem is that not much people know about bitcoin and if they will know about then they will have only bitcoin for their use.

[Rinder]

Unless countries does support and recognize bitcoin and altcoins as currencies bitcoin will never reach any similiar status as dollars, even if bitcoin is worthing 10000 dollars unit, the simple fact of restrictions and limitations dont make the bitcoin a worlwide currency, something dollars is already.

[macartem]

A very controversial issue, and then something good in its own way

[tabas]

USD is very promising and popular than most other physical currency as well our digital currency. Importantly USD have grown with perfect history behind it, but BTC is very small in history. So when years pass bitcoin goes high than USD.

We know that USD is very popular and there's no need to compare or competition for these two currencies. Because they are both helpful to each other, while we are earning BTC we need to convert it first with USD because it's the main currency that is depending it's value. And it's also used for buying btc.

[chineseprancing]

USD is very promising and popular than most other physical currency as well our digital currency. Importantly USD have grown with perfect history behind it, but BTC is very small in history. So when years pass bitcoin goes high than USD.

We know that USD is very popular and there's no need to compare or competition for these two currencies. Because they are both helpful to each other, while we are earning BTC we need to convert it first with USD because it's the main currency that is depending it's value. And it's also used for buying btc.

But we cannot compare that 2 currencies, these two are on different category which bitcoin is digital/decentralized currency which can only used in online transaction, while USD is centralized which can be used in all aspect of spending.