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Author Topic: USD vs BTC  (Read 121109 times)
kpcian
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May 20, 2017, 12:38:30 PM
 #1361

If you want to compare USD with Bitcoin then that would be insane, USD is far more popular and acceptable forms of money, though Bitcoin is getting bigger day by day but it has to go long long way to touch the level of USD.
I think USD is 100 times  more preferable and acceptable to Bitcoin. So, time hasn't come to compare Bitcoin with USD.
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May 20, 2017, 12:54:16 PM
 #1362

is bitcoin more popular than US Dollar ?

Even a year after the post, bitcoin did not become more popular than the US dollar, because there are still many people who have not even heard of it.

Anyone expecting a world-wide replacement and the upheaval that would require wasn't exactly grounded in reality to start. The world is too large and too complex to change that quickly. I do not believe Bitcoin will ever replace fiat, for technical and political reasons, but I also never believed Bitcoin would reach $2000, either, so I continue to be surprised by the heights it has reached. World-wide currency revolution- still ruling it out.

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May 20, 2017, 12:58:08 PM
 #1363

is bitcoin more popular than US Dollar ?

Even a year after the post, bitcoin did not become more popular than the US dollar, because there are still many people who have not even heard of it.

Yes, there are chances that it will become popular when more people are using it and already year after year many people start buying bitcoin. It only indicates that the price of bitcoin is kept increasing because new people entering into bitcoin community.
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May 20, 2017, 01:01:04 PM
 #1364

is bitcoin more popular than US Dollar ?

Even a year after the post, bitcoin did not become more popular than the US dollar, because there are still many people who have not even heard of it.
Exactly and majority of those who hear about this are not interested, it is only now that I see some interest on bitcoin from different sectors and group of people as we can obviously tell due to the surging price. We are going to break the $2,000 anytime from now so it is another big headlines will come then.
Actually it is the business minded people are more interested in bitcoin rather than the ordinary people but of course we cannot compared bitcoin to Dollar as we already know which is more powerful and popular.

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May 20, 2017, 01:22:30 PM
 #1365

Have you been locked in sensory deprivation since birth? I'm gonna guess that bitcoin is about 0.00001% as popular as the dollar.
That's true, the population of bitcoin is too small compare to USD but how about the benefits that we can get on bitcoin? This would be the advantages of btc not this time also in the future. If bitcoin become popular and if they happen that bitcoin can compete versus dollar, dollar will down.

Since bitcoin can use only in different payment transactions, difference is bitcoin can earn around the world.

This crypto currecy will use also in business and most of the countries want to deal the benefits and the big profit that they get in bitcoin.

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May 20, 2017, 02:53:40 PM
 #1366

Have you been locked in sensory deprivation since birth? I'm gonna guess that bitcoin is about 0.00001% as popular as the dollar.
That's true, the population of bitcoin is too small compare to USD but how about the benefits that we can get on bitcoin? This would be the advantages of btc not this time also in the future. If bitcoin become popular and if they happen that bitcoin can compete versus dollar, dollar will down.

Since bitcoin can use only in different payment transactions, difference is bitcoin can earn around the world.

This crypto currecy will use also in business and most of the countries want to deal the benefits and the big profit that they get in bitcoin.


Dollars and Bitcoin are very much tied up today and it's primarily due to the fact that everyone is trying to earn dollars thanks to Bitcoin. I do not think that the dollar can shake the use of real currency in a particular country or in the world. Bitcoin is a digital currency or a good investment and as a real money Bitcoin is better not to use.

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sergio red
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May 20, 2017, 05:39:34 PM
 #1367

It's insane.
I think there is huge difference between Bitcoin and USD. It's looks like compare between tiger and cat. Both have some same characteristics but there are huge gap between them. USD has already made a massive platform on the other hand, in comparison with USD, Bitcoin is a newbie.
So it should not be comparable right now.
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May 20, 2017, 07:51:13 PM
 #1368

is bitcoin more popular than US Dollar ?

Actually I don't know what made you think that way because obviously the answer would is that USD is much popular than BTC. Try to walk in the streets whether they know USD then they will surely say yes but if you ask whether they know Bitcoin I 'll bet that there are very little who knows.

In terms of volume, USD is far ahead. In terms of popularity, USD is far ahead. In terms of usage, USD is still ahead. But who knows, Bitcoin might surpass it.
Let us add the numbers. The population of USA is 324 million not counting the USD users outside of the country meaning there is 324 million people who are guaranteed using USD as their main source of currency. Bitcoin does not even reach that number of users. Even though the price of Bitcoin is way more bigger compared to USD, it has more users because it is a legal currency of a country with a big population. Also the price of Bitcoin is valued in terms of its fiat currency equivalent, without Fiat Bitcoin would be nothing to us

Should I conclude that apples and oranges wouldn't have value to us if they weren't priced in "terms of their fiat currency equivalent"? Bitcoin simply cannot be valued in something else since its value is its value. At most, you can speak of price. Right now fiat is used for this purpose (that's true), but Bitcoin has everything in it to plow on its own (apart from minor technical issues). It was specifically conceived for that

In a nutshell, without fiat Bitcoin would be used instead of it

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May 21, 2017, 04:39:11 AM
 #1369

It's insane.
I think there is huge difference between Bitcoin and USD. It's looks like compare between tiger and cat. Both have some same characteristics but there are huge gap between them. USD has already made a massive platform on the other hand, in comparison with USD, Bitcoin is a newbie.
So it should not be comparable right now.
Great statement, i agree to that. Bitcoin and USD has a lot of huge difference and the only thing that they are the same is they can both use as a money while the rest is a very huge difference like the USD is already well established and a lot of country already know USD because it is one of the very first kind of money while bitcoin is just getting started and a lot of years to come before it becomes well established.
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May 21, 2017, 04:49:18 AM
 #1370

is bitcoin more popular than US Dollar ?

Even a year after the post, bitcoin did not become more popular than the US dollar, because there are still many people who have not even heard of it.
It is because that bitcoin is still on its early age and dollar is established a lot of years already. But I know there will be the time thay everyone will talk about bitcoin and it is the one that will be used by everybody. And there's no need for bitcoin to becone popular, it will just happen suddenly.



 

 

 

 

 

 


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May 21, 2017, 04:52:53 AM
 #1371

USD and BTC have almost similar characteristics, but the backing system behind the value addition to each coin makes the difference. USD is backed by a central authority whereas BTC is backed by a technology which function of its own.

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May 22, 2017, 04:46:24 AM
 #1372

is bitcoin more popular than US Dollar ?

Even a year after the post, bitcoin did not become more popular than the US dollar, because there are still many people who have not even heard of it.

Yes, there are chances that it will become popular when more people are using it and already year after year many people start buying bitcoin. It only indicates that the price of bitcoin is kept increasing because new people entering into bitcoin community.

No, bitcoin is not popular like dollar, and bitcoin can't comparison with the dollar.
Every child know about the dollar but not every young man know about the bitcoin.
I give your example, in my country only 1% people know about bitcoin out of 100%.
But dollar is too much popular in my country.
Therefore, i can't think that now and also in future bitcoin will be more popular than US Dollar.
Bitcoin Price is high, it is other reason. 









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May 22, 2017, 06:47:43 AM
 #1373

Bitcoin is more useful and advanced than USD but there's no doubt the US dollar is the most popular currency in the world. It might take some time for Bitcoin to get there but it's not something difficult to achieve.
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May 22, 2017, 10:19:11 AM
 #1374

Bitcoin is more useful and advanced than USD but there's no doubt the US dollar is the most popular currency in the world. It might take some time for Bitcoin to get there but it's not something difficult to achieve.

well when it comes to use, btc can be more useful due to some features that makes transactions a lot more convenient. though the challenge is accessibility and the fact that a lot of markets bank on the usd. it will definitely take btc a lot of time and perhaps changes before it even challenges the dollar

 
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May 22, 2017, 01:26:42 PM
 #1375

Despite being a Bitcoin fanatic I still believe the US dollar is more popular than Bitcoin and can be found in any part of the world. I'm hopeful Bitcoin will attain and even surpass the fame of the USD one day but for now it's still walking in the shadows of the US dollar.
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May 22, 2017, 09:10:49 PM
 #1376

Despite being a Bitcoin fanatic I still believe the US dollar is more popular than Bitcoin and can be found in any part of the world. I'm hopeful Bitcoin will attain and even surpass the fame of the USD one day but for now it's still walking in the shadows of the US dollar.
Even if someone is a fanatic of Bitcoin, then he needs real money for everyday life. And this means that without the dollar you can not get away anywhere. So you can earn bitcoins to sell for dollars and even some Bitcoin parts to save as a good investment tool and even as a masterpiece of cryptography.

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May 22, 2017, 09:27:47 PM
 #1377

As at today I can said bitcoin is more popular than USD in my area. Many people pick more interest in bitcoin because of it values and nature. You cannot easily make a transaction with dollar without heavy charges but bitcoin has resolved those issues.
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May 23, 2017, 03:35:40 AM
 #1378

As at today I can said bitcoin is more popular than USD in my area. Many people pick more interest in bitcoin because of it values and nature. You cannot easily make a transaction with dollar without heavy charges but bitcoin has resolved those issues.

Bitcoin has become more popular as an investment rather then currency and usd is more popular as currency as it is widely used and accepted in almost every country but that feature is completely missing in bitcoins at a moment but hopefully things will change in future for sure.
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May 23, 2017, 07:57:19 PM
 #1379

it's funny.
bitcoin is a virtual currency and it has been created for several years before, on the other hand, USD is massive. it's popularity, acceptability and credibility are unimaginable then bitcoin. in the current world, USD dominates all over the world in the monetary system, so bitcoin should not be compared with USD right now.
We should have both of them, they have different function so no need to choose what is better, of course majority would still choose USD if ever given the chance to choose, bitcoin is only an alternative way to earn and to transact things easily, a good one but still we need our local currency not only bitcoin.
Yes I agree due to the increasing acceptance we should keep the bitcoin for the future or where we see it easy to exchange the BTC with any goods and services while being realistic we know it very well that the USD is an international currency and easily acceptable anywhere in the world.
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May 23, 2017, 10:47:55 PM
 #1380

As at today I can said bitcoin is more popular than USD in my area. Many people pick more interest in bitcoin because of it values and nature. You cannot easily make a transaction with dollar without heavy charges but bitcoin has resolved those issues.

No, bitcoin is not yet popular as dollar. Because dollar has been in the world a lot of years already while bitcoin is still a new one. But if there will be some advertisement from the US government that they are supporting bitcoin, it will be the start of the people to believe and will get the bitcoin from their own pockets by buying and making the demand higher.



 

 

 

 

 

 


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