USD vs BTC

[Harlot]

Bitcoin is not that popular like Dollar does , Dollar is the stronger currency that we can use whenever where are and it no. currency in the world dollar is controling bitcoin price and bitcoin depending on dollar how if dollar will be gone is bitcoin will be gone too? What do you think people.

I don't think that we need to single out the US dollar as the main factor that makes Bitcoin have value. In fact all Fiat currencies has the Bitcoin equivalent to it or vice versa. I would say that Bitcoin is some kind of a dependent currency in which its value solely relies on the Fiat currency. Without Fiat Bitcoin would be nothing. Lets face it people, Bitcoin is actually better on where it is now, we don't need to debate that Bitcoin will need to replace something in irder to prove that it is dominating globally.

[Stedsm]

Bitcoin is not that popular like Dollar does , Dollar is the stronger currency that we can use whenever where are and it no. currency in the world dollar is controling bitcoin price and bitcoin depending on dollar how if dollar will be gone is bitcoin will be gone too? What do you think people.

I don't think that we need to single out the US dollar as the main factor that makes Bitcoin have value. In fact all Fiat currencies has the Bitcoin equivalent to it or vice versa. I would say that Bitcoin is some kind of a dependent currency in which its value solely relies on the Fiat currency. Without Fiat Bitcoin would be nothing. Lets face it people, Bitcoin is actually better on where it is now, we don't need to debate that Bitcoin will need to replace something in irder to prove that it is dominating globally.

That's what makes me feel I should say something here: One thing, you can't say that Bitcoin is "dependent" on anything because to evaluate something, you need another valuation tool against it. USD and other fiat currencies being used to evaluate the market value of Bitcoins are just the same. Do you remember those days when Gold was used in barter trading? Anyone had fiat during that time? No, then how did they evaluate the value of Gold? Through different goods they used to sell, right? Even if fiat won't be used and Bitcoin ever becomes a global currency, you could use it directly based on "assumptive values" that everyone will decide at that point of time.

[Betwrong]

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

More, currently the price achieved $1210, I think this month the price will reach more than $1300 and never under $1100

Good prediction, I am also looking for a better price, now that we hit the $1,200 mark, the next journey would be easy.
I have my sell order already at $1,300 and I hope when I wake up this morning it will be filled already.

I sincerely wish you good luck because it will be good not only for you but for many of us here if Bitcoin will hit $1,300 by morning and also if you were right that BTC will never go under $1,100. Fortunately Bitfinex is no Mt.Gox regarding trading volume share so whatever will happen to it will not have a big impact on Bitcoin's price.

[richardsNY]

if dollar will be gone is bitcoin will be gone too? What do you think people.

Not so much. Bitcoin is tied to the USD at this point, but that doesn't mean it will always be like that. I am not that far into believing this, but there are people even thinking that Bitcoin will hold its own value. By that it is no longer 1 BTC = worth $1200, but more 1 BTC is worth 1 BTC. How exactly this will work out remains to be seen, but I don't think we have to worry about this in the coming 5 to 10 years.

[batang_bitcoin]

Highest digital currency bitcoin has good prospects, while the real currency USD which have a legal widely used in many countries, both have the same function regardless of the legality of the different

That's why I love to use them both and the main exchange currency for bitcoin is USD. So for us who are in bitcoin economy, this is a very important currency and most of the currencies are depending each of their economic situation with USD. And right now, when it comes to investment I'll always prefer to go with bitcoin.

Both USD and BTC is good for us because we can't live without them because USD or any fiat currencies are used on a daily basis which we used in most of the transactions that we are doing while bitcoin is just like an back up for us in terms of money and investment also. In choosing between those two, i will still choose bitcoin even it is not widely used in the world because soon it will, we just need to wait for more massive adoption.

Yes they are both important to our lives as they are both good for using with our daily lives. We use USD for trading and as well BTC for buying things online but I'm focus more with btc and just using USD as a method of getting the value of bitcoin.

That's why I love to use them both and the main exchange currency for bitcoin is USD. So for us who are in bitcoin economy, this is a very important currency and most of the currencies are depending each of their economic situation with USD. And right now, when it comes to investment I'll always prefer to go with bitcoin.

The dominant position of the United States Dollar is under threat now. LTC/BTC is about to overtake USD/BTC as the most traded crypto-currency pair. ETH/BTC is also not that far behind.

Is this for real? I don't have an idea for this, do you have any link for that thing or about that news?

[Sled]

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

More, currently the price achieved $1210, I think this month the price will reach more than $1300 and never under $1100

Good prediction, I am also looking for a better price, now that we hit the $1,200 mark, the next journey would be easy.
I have my sell order already at $1,300 and I hope when I wake up this morning it will be filled already.

I sincerely wish you good luck because it will be good not only for you but for many of us here if Bitcoin will hit $1,300 by morning and also if you were right that BTC will never go under $1,100. Fortunately Bitfinex is no Mt.Gox regarding trading volume share so whatever will happen to it will not have a big impact on Bitcoin's price.

Yes it is possible to give impact on bitcoin price but i think there is possibility to it will have a big impact for bitcoin price because bitfinex is one of the biggest and well known bitcoin exchanger and if it will close and just shutdown then other non bitcoin users will see this news as a scam that will be accused to bitcoin and it will affect the investors that might cause for dumping their bitcoins.

[X-ray]

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

More, currently the price achieved $1210, I think this month the price will reach more than $1300 and never under $1100

Good prediction, I am also looking for a better price, now that we hit the $1,200 mark, the next journey would be easy.
I have my sell order already at $1,300 and I hope when I wake up this morning it will be filled already.

Yes, the price of bitcoin grows and everyone is happy.
But this does not mean that the dollar is becoming cheaper. Therefore, there is no point in opposing the dollar and bitcoin. It's just different currencies

In my opinion if that's telling us another risky point. Bitcoin is not grow right now but looks like the bitfinex gets FOMO bitcoin caused by his bank account to deposit and withdrawal the fiat balance to his users has blocked by the bank. No one will be able to withdraw through the fiat transfer again. This is a bad news for all of bitcoin exchange site.

[xSkylarx]

is bitcoin more popular than US Dollar ?

USD really is much more famous than BTC because if its the other way around then Bitcoin should have a lot of opportunities than USD can give that us jobs which offers more for BTC to serve as salary or as daily exchange but unfortunatelt not.

[Viscore]

is bitcoin more popular than US Dollar ?

USD really is much more famous than BTC because if its the other way around then Bitcoin should have a lot of opportunities than USD can give that us jobs which offers more for BTC to serve as salary or as daily exchange but unfortunatelt not.

That's true and we can see the difference because only less than 10% of the world's total popular knows about bitcoin while dollar is very popular. It is not about the price since you we know how expensive bitcoin nowadays but it is all about how many people are trusting it.

[Vishnu.Reang]

is bitcoin more popular than US Dollar ?

USD really is much more famous than BTC because if its the other way around then Bitcoin should have a lot of opportunities than USD can give that us jobs which offers more for BTC to serve as salary or as daily exchange but unfortunatelt not.

That's true and we can see the difference because only less than 10% of the world's total popular knows about bitcoin while dollar is very popular. It is not about the price since you we know how expensive bitcoin nowadays but it is all about how many people are trusting it.

More people know about the US Dollar when compared to Bitcoins. But as we discuss about it, the value of the USD is going down (check the exchange rates against crude oil, gold, EUR and UKP), and more and more people are using BTC.

[Yanisumin]

Bitcoin is not that popular like Dollar does , Dollar is the stronger currency that we can use whenever where are and it no. currency in the world dollar is controling bitcoin price and bitcoin depending on dollar how if dollar will be gone is bitcoin will be gone too? What do you think people.

Of course in terms of popularity dollar has the upper hand. One of the reasons is that dollar has been around much longer than Bitcoin does. There are some people who still don't know about Bitcoin. Dollar is being backed up by world elites, it cant be brought down by average means. Nowadays, I think Bitcoin still don't stand a chance against dollar reserve.

The dependence of Bitcoin of course is not just on dollar but dollars is a great factor in bitcoins price. But it's good to know that bitcoins price is much higher than dollars price.

[deisik]

The dependence of Bitcoin of course is not just on dollar but dollars is a great factor in bitcoins price. But it's good to know that bitcoins price is much higher than dollars price

And how's that exactly?

Could you explain in simple terms how the American dollar is a great factor in Bitcoin value (I specifically substituted value for price here)? I guess it could be loosely claimed that Bitcoin being traded for the US dollar gives it more popularity and thus increases its value indirectly in the same way like oranges and apples being sold for the same dollar can be bought by a greater number of people since the dollar is more widespread (than other currencies), but this in no case means that the value of these fruits depends on the dollar

[Stedsm]

Bitcoin is not that popular like Dollar does , Dollar is the stronger currency that we can use whenever where are and it no. currency in the world dollar is controling bitcoin price and bitcoin depending on dollar how if dollar will be gone is bitcoin will be gone too? What do you think people.

Of course in terms of popularity dollar has the upper hand. One of the reasons is that dollar has been around much longer than Bitcoin does. There are some people who still don't know about Bitcoin. Dollar is being backed up by world elites, it cant be brought down by average means. Nowadays, I think Bitcoin still don't stand a chance against dollar reserve.

The dependence of Bitcoin of course is not just on dollar but dollars is a great factor in bitcoins price. But it's good to know that bitcoins price is much higher than dollars price.

You said that bitcoin's price is much higher that dollar's price, I ask you why shouldn't it be?
How Bitcoin is not dependent on USD atm? It currently is dependent on fiat because it is the only way to valuate it, as well as if you see, bitcoin is being seen more as a profitable "asset" and not as a "currency", and it is decentralized which means that the value is uncertain because no one is there to control it and that's an advantage to everyone here who want to sell it for whatever price they want to.

[Betwrong]

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

More, currently the price achieved $1210, I think this month the price will reach more than $1300 and never under $1100

Good prediction, I am also looking for a better price, now that we hit the $1,200 mark, the next journey would be easy.
I have my sell order already at $1,300 and I hope when I wake up this morning it will be filled already.

I sincerely wish you good luck because it will be good not only for you but for many of us here if Bitcoin will hit $1,300 by morning and also if you were right that BTC will never go under $1,100. Fortunately Bitfinex is no Mt.Gox regarding trading volume share so whatever will happen to it will not have a big impact on Bitcoin's price.

Yes it is possible to give impact on bitcoin price but i think there is possibility to it will have a big impact for bitcoin price because bitfinex is one of the biggest and well known bitcoin exchanger and if it will close and just shutdown then other non bitcoin users will see this news as a scam that will be accused to bitcoin and it will affect the investors that might cause for dumping their bitcoins.

First of, I don't think something really bad can happen to Bitfinex. They were not hacked like Mt.Gox was so people won't lose their money there and hence there will be no big news about it. If you check for the news about what happening to Bitfinex now you'll see that they are published mostly on Bitcoin related sites like CryptoCoinsNews, CoinTelegraph, CoinDesk etc. No major news agencies cover the subject. So, like I said, whatever happens it will not have a big impact on Bitcoin price.

[alexey199773]

Bitcoin will never defeat the dollar. All due to the fact that the dollar (or other national currency) is supported by the government. And bitcoins are supported by people. But the government has the authority to issue laws that will make bitcoin unprofitable. And these laws can be adopted at any time

[danherbias07]

Bitcoin will never defeat the dollar. All due to the fact that the dollar (or other national currency) is supported by the government. And bitcoins are supported by people. But the government has the authority to issue laws that will make bitcoin unprofitable. And these laws can be adopted at any time

It is not about defeating the USD, it is about upgrading it.
Yes maybe not now but eventually they will need to. Without the trust of people in their currency it will not work.
If only people would know how they are doing it and making them realize that it is just the government who is really making a profit out of fiat then they will be against it.
But just like I said before. It became traditional that they cant let go of it.

[deisik]

Bitcoin is not that popular like Dollar does , Dollar is the stronger currency that we can use whenever where are and it no. currency in the world dollar is controling bitcoin price and bitcoin depending on dollar how if dollar will be gone is bitcoin will be gone too? What do you think people.

Of course in terms of popularity dollar has the upper hand. One of the reasons is that dollar has been around much longer than Bitcoin does. There are some people who still don't know about Bitcoin. Dollar is being backed up by world elites, it cant be brought down by average means. Nowadays, I think Bitcoin still don't stand a chance against dollar reserve.

The dependence of Bitcoin of course is not just on dollar but dollars is a great factor in bitcoins price. But it's good to know that bitcoins price is much higher than dollars price.

You said that bitcoin's price is much higher that dollar's price, I ask you why shouldn't it be?
How Bitcoin is not dependent on USD atm? It currently is dependent on fiat because it is the only way to valuate it, as well as if you see, bitcoin is being seen more as a profitable "asset" and not as a "currency", and it is decentralized which means that the value is uncertain because no one is there to control it and that's an advantage to everyone here who want to sell it for whatever price they want to

If you ask me, that's outright bullshit

And the first part of your post essentially contradicts the second part of it (emphasis added). At first you claim that Bitcoin is "currently dependent on fiat" and then you proceed to claim that its "value is uncertain". I guess you should choose which side you stick to. You should choose whether Bitcoin is actually dependent on fiat but then its value cannot possibly be uncertain, or Bitcoin value is certainly uncertain (pardon the pun) but then it can in no way depend on fiat. Make up your mind finally or stop talking complete bullshit

[TimeManLove]

I do not understand why I should compare these currencies. The dollar is for the government, and bitcoin is for the people. So it was from the very beginning of the existence of bitcoin. And bitcoin will never replace the dollar

[Ipwich]

I do not understand why I should compare these currencies. The dollar is for the government, and bitcoin is for the people. So it was from the very beginning of the existence of bitcoin. And bitcoin will never replace the dollar

Dollar is for the people also and it is the most popular currency in the world IMO, bitcoin is for the humanity but not all
will be able to adopt with it especially if it is not supported by the government.

[el kaka22]

I do not understand why I should compare these currencies. The dollar is for the government, and bitcoin is for the people. So it was from the very beginning of the existence of bitcoin. And bitcoin will never replace the dollar

Actually, bitcoin was created first to give people a more convenient way to pay for online shopping and other online services, that way it replaces the other online payment method with providing a more secure way, but with more people using it and prices get higher and higher, bitcoin became a type of investment and not a way of payment so we can’t really compare it to the dollar right now, and instead we should compare it to the gold.