USD vs BTC

[MMA]

bitcoin just my opinion compared to the US dollar is more dominant and more popular.

Wtf dude are you high. Bitcoin is more popular compared to dollars . Bitcoin is a kind of currency who's price fluctuates while dollar like every other currency can be exchanged or used any where in the world without any sort of limitations. Bitcoin is what 6 years old dollars is more than 200 years old.

Bitcoin is not even a currency at this state. It is just a stock which you can freely transfer with other people through the internet. People don't sell stuff for bitcoins, they sell stuff for USD, they accept bitcoins because it is easy to send and receive bitcoins and they are very liquid assets. Most of the sellers convert their bitcoins into USD as soon as they receive them.

but to me i think bitcoin is already a currency because it can be use as for shopping online as well as in some place we can even use bitcoin as fiat in local shops for shopping.

yes i am agree with you and specially in modern countries where people have good knowledge about bitcoin and where they are using bitcoin as fiat currency.

[Oo ako to]

Absolutely not. I think dollars are better than Bitcoins. No one can say what is the future of bitcoin but about dollars it will  be popular same as present. You will find more people that are new to Bitcoin and would like to learn what is it and  this currency is not accepted worldwide. On other hand, of course the U.S. Dollar is the most common and widely accepted.

[Oralmat]

Absolutely not. I think dollars are better than Bitcoins. No one can say what is the future of bitcoin but about dollars it will  be popular same as present. You will find more people that are new to Bitcoin and would like to learn what is it and  this currency is not accepted worldwide. On other hand, of course the U.S. Dollar is the most common and widely accepted.

Right, I also disagree that Bitcoin can compare with Dollar. Dollar is more powerful fiat currency and whole world know about dollar very well. And bitcoin is newly crypto currency, and majority the people of the world don't know about any cyrpto currencies.

[mindrust]

bitcoin just my opinion compared to the US dollar is more dominant and more popular.

Wtf dude are you high. Bitcoin is more popular compared to dollars . Bitcoin is a kind of currency who's price fluctuates while dollar like every other currency can be exchanged or used any where in the world without any sort of limitations. Bitcoin is what 6 years old dollars is more than 200 years old.

Bitcoin is not even a currency at this state. It is just a stock which you can freely transfer with other people through the internet. People don't sell stuff for bitcoins, they sell stuff for USD, they accept bitcoins because it is easy to send and receive bitcoins and they are very liquid assets. Most of the sellers convert their bitcoins into USD as soon as they receive them.

but to me i think bitcoin is already a currency because it can be use as for shopping online as well as in some place we can even use bitcoin as fiat in local shops for shopping.

We can use it for shopping, for money transfers or use it by exchanging to fiat currency so bitcoin has all the features like fiat currency has so its definitely a currency only the reality is that its less popular then USD at a moment but things will change in future for sure.

You don't get what say at all. I say people price their stuff with USD, not bitcoins. Did you ever buy anything which has a constant btc price? No. It's changing every second as the BTC/USD changes.

For example, this forum sells VIP accounts for 50btc for a very long time. They were doing it when btc's price was 0.1$, they still keep doing it now whn it is over 1k$. Maybe it was a sensible thing to buy VIP membership for 5-50$ back then, would you buy a VIP acc for 50 fckn K$ now? No you don't.

People price their stuff with USD not BTC. BTC is a technology which carries your FIAT over people at the moment nothing else. You may keep it and make money out of it doing so but it's not a currency. Nothing you say gonna change this.

Would you call APPLE shares "currency" if you were able to transfer them between people just like bitcoin? No, you wouldn't.

[whizter]

Absolutely not. I think dollars are better than Bitcoins. No one can say what is the future of bitcoin but about dollars it will  be popular same as present. You will find more people that are new to Bitcoin and would like to learn what is it and  this currency is not accepted worldwide. On other hand, of course the U.S. Dollar is the most common and widely accepted.

dollar is a fiat currency and it  has its own importance but i think the importance of bitcoin can also be never ignore. bitcoin is now one of the most important part of our live and i think it now becoming difficult to even thing about the world without bitcoin.

[Rostadom]

You don't get what say at all. I say people price their stuff with USD, not bitcoins. Did you ever buy anything which has a constant btc price? No. It's changing every second as the BTC/USD changes.

For example, this forum sells VIP accounts for 50btc for a very long time. They were doing it when btc's price was 0.1$, they still keep doing it now whn it is over 1k$. Maybe it was a sensible thing to buy VIP membership for 5-50$ back then, would you buy a VIP acc for 50 fckn K$ now? No you don't.

People price their stuff with USD not BTC. BTC is a technology which carries your FIAT over people at the moment nothing else. You may keep it and make money out of it doing so but it's not a currency. Nothing you say gonna change this.

Would you call APPLE shares "currency" if you were able to transfer them between people just like bitcoin? No, you wouldn't.

Kind of absurd to pay thousands of dollars for some text saying "Donator" or "VIP" that will appear below your username. The pricing should be updated, the price is for someone that bought bitcoins back in 2011. Even the guy that bought bitcoins in a cheap price will not even think about buying these tags today because of the current price of bitcoin.

If you were able to transfer apple shares between people like bitcoin and there are people that's accepting it as a payment method, then I guess that qualifies as a currency. In a way, the amount of bitcoin that we hold is just like a "share" on the amount of all the bitcoins in circulation. Just like fiat, the value of our fiat depends on how much fiat there is in your country.

[BartS]

is bitcoin more popular than US Dollar ?

Of course not, bitcoin is slowly gaining in popularity and usage but the UD dollar is the most used currency around the world and it is used for a lot of things so bitcoin is not even close to be able to match the US dollar and I don’t think bitcoin will be able to do it any time soon.

[deisik]

If you were able to transfer apple shares between people like bitcoin and there are people that's accepting it as a payment method, then I guess that qualifies as a currency. In a way, the amount of bitcoin that we hold is just like a "share" on the amount of all the bitcoins in circulation. Just like fiat, the value of our fiat depends on how much fiat there is in your country

No, this doesn't qualify as a currency

You can transfer real apples (which you eat) just like you transfer banknotes and coins, but does it make apples into a currency (even if we assume that apples don't rot in a few days)? I guess it doesn't. To have properties required for circulating as a currency is evidently not enough to be a currency. What makes something into a currency is its universal use and acceptance as a means of payment for the exchange of goods and services. So even if you could transfer Apple shares just like you transfer bitcoins, that alone wouldn't make them into a currency (a money token). These shares should actually be used for transferring value to be rightfully called a currency. The word itself ("currency", i.e. circulation) tells it all

[Barrymore]

is bitcoin more popular than US Dollar ?

Of course not, bitcoin is slowly gaining in popularity and usage but the UD dollar is the most used currency around the world and it is used for a lot of things so bitcoin is not even close to be able to match the US dollar and I don’t think bitcoin will be able to do it any time soon.

I also agree with you. Dollar will be a long time more popular than bitcoin, but the dollar is gradually losing ground. Look what number of bitcoins are already in circulation. All of this amount was in dollars. The process is already underway.

[(altair)]

Not at all.Base on the bitcoins age and usd have pretty far gap.USD is been there for a long time already like 50 years i think or even more and bitcoins is at its 8 years age if im not mistaken.So base on their ages you can answer you question.USD is alot and more and more popular on bitcoins.Bitcoins is just gaining popularity  by this days.

[Gaaara]

is bitcoin more popular than US Dollar ?

Nope, to a person that uses technologies and love exploring internet maybe, but to a normal person that only work and work and work, usd is their obvious choice, your question can easily answer just by calculating employers vs bitcoin users, every employee that works oversees obviously uses dollar for their family so still usd is more popular, and in fact people are still not ready to adopt bitcoin as standard currency.

[sevendust777]

Though bitcoin is growing in any countries still USD is being used even more. USD is still been used in any countries because of its popularity, well known and easy to access. Thus, usd is still the main currency.

[Rostadom]

If you were able to transfer apple shares between people like bitcoin and there are people that's accepting it as a payment method, then I guess that qualifies as a currency. In a way, the amount of bitcoin that we hold is just like a "share" on the amount of all the bitcoins in circulation. Just like fiat, the value of our fiat depends on how much fiat there is in your country

No, this doesn't qualify as a currency

You can transfer real apples (which you eat) just like you transfer banknotes and coins, but does it make apples into a currency (even if we assume that apples don't rot in a few days)? I guess it doesn't. To have properties required for circulating as a currency is evidently not enough to be a currency. What makes something into a currency is its universal use and acceptance as a means of payment for the exchange of goods and services. So even if you could transfer Apple shares just like you transfer bitcoins, that alone wouldn't make them into a currency (a money token). These shares should actually be used for transferring value to be rightfully called a currency. The word itself ("currency", i.e. circulation) tells it all

You didn't see the "if it's accepted as payment method" in my post, don't you? Because what you're telling is basically what I told from that short note. When something is accepted by people, then it will be qualified as a currency, not because it's easy to transfer the "thing". Let's say that oranges are accepted by people as payment method because everybody loves oranges and you can easily trade oranges to a commodity, then that will qualify as a currency (like I said in my previous post).

I don't see how else something will become a currency (measure of value or payment value) other than it being accepted as payment method. You can create a dupe of money but with different logos, since no one is accepting it, it's nothing but a piece of paper. Even the paper money that we're using is literally just a piece of paper. It became a currency because people are accepting it as a payment method.

[manselr]

The good thing about bitcoin is that you can hold it and make money with it as the price goes up.

The bad thing is the constant drama.

The good thing about USD is that you can hold it and the price is stable.

The bad thing is inflation etc.

[Xenophoto]

The good thing about bitcoin is that you can hold it and make money with it as the price goes up.

The bad thing is the constant drama.

The good thing about USD is that you can hold it and the price is stable.

The bad thing is inflation etc.

With no doubt, I would put up with all these drama rather than have a currency that's constantly losing its value over time. Bitcoin doesn't have a stable price but most of the time, the price of bitcoin is increasing. If you bought bitcoins months ago when the price is just $600. Then no matter how much drama is happening today, the you will not get negative returns since you've invested quite early.

In USD, you can hold it all you want but it will never increase its value. By the time that you cash it out, the commodities might already be much expensive than before because of the constant inflation going on.

[Neo_matrix]

The good thing about bitcoin is that you can hold it and make money with it as the price goes up.

The bad thing is the constant drama.

The good thing about USD is that you can hold it and the price is stable.

The bad thing is inflation etc.

I agree with you. Each of these currencies has advantages and disadvantages. But I would not oppose these currencies. They are just different and you need to be able to use them together

[aardvark15]

The good thing about bitcoin is that you can hold it and make money with it as the price goes up.

The bad thing is the constant drama.

The good thing about USD is that you can hold it and the price is stable.

The bad thing is inflation etc.

I agree with you. Each of these currencies has advantages and disadvantages. But I would not oppose these currencies. They are just different and you need to be able to use them together

One good thing about Bitcoin is that it is a new technology that has a lot of potential. The US dollar is already established and will be around for a very long time but Bitcoin is high risk but high reward if it is successful.

[Pab]

So that is easy 1200$-1BTC and grow,it is free market answer,and now dollar will weaken and btc will be more expensive

[Jemzx00]

So that is easy 1200$-1BTC and grow,it is free market answer,and now dollar will weaken and btc will be more expensive

Yet the price of bitcoin is too unstable compared to USD. Yeah, maybe its free market but in the real world fiat is more of use compared to Bitcoin. It's not about the value of a certain thing, it about on how its used on the community. So I rather be paid by 1,200$ rather than be paid by 1 Btc

[CODE200]

is bitcoin more popular than US Dollar ?

No i don't think so. US dollar is still more popular than bitcoin because many people are not familiar with the word bitcoin and still US dollar is being used all over the countries, bitcoin is used all over the countries too but US dollar is still more familiar and known by all the people all over the world.