deisik
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June 06, 2017, 07:02:32 PM |
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US dollars are way more popular than bitcoin, any other currency for that matter. Usd are accepted throughout the world whereas Bitcoins are popular only among few people. Value of usd is also more stable than that of Bitcoins.
I agree that on the whole the US dollar is a lot more popular than Bitcoin as of yet But it doesn't mean that Bitcoin is not popular on its own. And in fact, it remains to be seen whether the American dollar is as universally accepted as you claim it to be. There is no doubt that paper dollars are wildly favored in most corners of the world, but it is certainly not the case with digital ones. And it is not because these dollars are somehow different or worse than their paper cousins (though it could be said so, in a certain sense). It is just because of all the hassles which possession of digital dollars causes. You would have to open a bank account in dollars, and you would have to pay insane fees to send the monies anywhere. Moreover, even the very fact of receiving so many dollars may raise questions. On the other hand, Bitcoin is free of all these inconveniences
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ariie
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June 06, 2017, 07:07:54 PM |
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Maybe, if everyone knew the bitcoin it could have been more famous bitcoin from american dollars
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Vikingr
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June 06, 2017, 07:09:55 PM |
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The popularity of bitcoin will be the same as the dollar now that already known by many people. Is it possible bitcoin known to many people?
yes the word bitcoin is going to spread rapidly on internet and many people related to trade and many investors and merchants. With that speed of promotion we can think that a time will come when everyone will know about bitcoin like they are now knowing about USD and it is also sure that it will be mainly used for international uses.
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Jewell
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June 06, 2017, 10:36:14 PM |
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is bitcoin more popular than US Dollar ?
No bitcoin is not more popular than US Dollar because if bitcoin is more popular than us dollar it should be considered as a legql currency but it is not. And there are still many people who don't know bitcoin. So US dollar is more popular than bitcoin. yes that is a fact that currently bitcoin is not as such popular as USD is, but i think now the popularity of bitcoin is also increasing so rapidly and hope that in a very very short time the popularity of bitcoin will increase too much. hope that very soon the users of bitcoin will be present in every corner of the world and will be using bitcoin as currency, for investment, trading and so many other purposes.
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ActiveP
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June 06, 2017, 11:40:24 PM |
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Usd is the world's currency, most international trade is usd based. Bitcoin is gaining ground but it is aeons away, it will take many many years before it becomes mainstream if at all. Bitcoin is seen as more of a commodity than currency by a lot of folks.
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jaysabi
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June 07, 2017, 12:06:42 AM |
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dollar will keep its popularity over btc for many years, but maybe will see it someday at btc'knees
It is popular, even bitcoin has a high price, dollar still is at top. Without dollar, bitcoin will have no value, the price of bitcoin has price, and it's price is on dollar and other fiats. There is no way dollar will be on bitcoin knees, because even a lot of century will pass, bitcoin will never have a knee ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) There's no reason to say that without the USD Bitcoin wouldn't have any value. Things have value regardless of how many currencies there are in what world. If the USD didn't exist, there would be another medium of exchange used in the United States, and the price of Bitcoin could be known in that medium. It may be true that Bitcoin would have reduced value, but that's another question entirely since it's the excess wealth allowed by our current stable financial system that creates the excess to drive up the value of speculative assets like Bitcoin. Bitcoin has a remarkably low utility outside of gambling like that.
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Aztek
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June 07, 2017, 12:43:27 AM |
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is bitcoin more popular than US Dollar ?
Not yet. It's not as popular as USD is. By just looking around, most people are using USD and it is not surprising to see one, but when you see someone paying through bitcoin you'll be a little bit surprised. The fact that you are surprised means it's not yet popular, it's not yet that mainstream. If everyone knew about bitcoin it would've been a different story. It still has a long way to go, bitcoin is just less than 10 years and is becoming popular very fast.
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batang_bitcoin
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June 07, 2017, 01:36:32 AM |
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Usd is the world's currency, most international trade is usd based. Bitcoin is gaining ground but it is aeons away, it will take many many years before it becomes mainstream if at all. Bitcoin is seen as more of a commodity than currency by a lot of folks.
It's not the world's currency, many countries are just basing their economy to USD and almost everything related to it. USD is independent to all currencies while others are depending on it, like bitcoin. And if you will look on their differences, they have a lot of it but bitcoin is very flexible and usable in many ways.
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EdenHazard
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June 07, 2017, 07:58:22 AM |
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USD is currently crashing, because everything is crashing vs BTC. How long will it be before we treat BTC as the marker for everything else i wonder.
it should happened now , unfortunately the big problem are on government side. they will never accept bitcoin easily , they can not take benefit from a decentralized thing like bitcoin , they prefer to play with fiat especially USD currency , the strongest currency ( after bitcoin of course ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) ) . bitcoin always against the world , and i like that style. But many Governments started accepting bitcoin as centralized money in many countries. Almost all the country's bank and financial institutions are working out the explore the block chain technology to get the space to implement the bitcoin as option for payment in banking. I hope we may see that in 10 years. USD can be easily exchanged in many countries now, in future bitcoin will be rock everywhere in that place. certain country only , mostly still consider bitcoin as not a currency . a dumb government sometimes are so stubborn , bitcoin clearly could make things easier than the current banking system, it is indeed some developed country has show the interest about blockchain technology and start make a research , but the rest of the world will still struggle to figure out about this as they mostly still fight from poverty. We cannot say that every nation except few growing Countries show interest on blockchain technology, because in the past than the grown Countries few African countries made their entry into the digital currency usage earlier and few small Countries have generated their own digital tokens. Hope the stupid governments who didn't consider it will feel bad on the growth of the countries that have started using bitcoin. okay fine african countries and then what else? any other non developed country? that is why i say certain country only , a developed country has a lot of plan on technology research include bitcoin , where non developed country make the technology research as their lowermost whislist in their government projects , it makes sense now?
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Yusuf77
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June 07, 2017, 08:09:58 AM |
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I prefer to save money on a large scale in the usd form. Because bitcoin is not suitable for investment. The price is fluctuating. So i prefer usd rather than bitcoin
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deisik
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June 07, 2017, 08:35:18 AM Last edit: June 07, 2017, 01:28:44 PM by deisik |
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dollar will keep its popularity over btc for many years, but maybe will see it someday at btc'knees
It is popular, even bitcoin has a high price, dollar still is at top. Without dollar, bitcoin will have no value, the price of bitcoin has price, and it's price is on dollar and other fiats. There is no way dollar will be on bitcoin knees, because even a lot of century will pass, bitcoin will never have a knee ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) There's no reason to say that without the USD Bitcoin wouldn't have any value. Things have value regardless of how many currencies there are in what world. If the USD didn't exist, there would be another medium of exchange used in the United States, and the price of Bitcoin could be known in that medium. It may be true that Bitcoin would have reduced value, but that's another question entirely since it's the excess wealth allowed by our current stable financial system that creates the excess to drive up the value of speculative assets like Bitcoin. Bitcoin has a remarkably low utility outside of gambling like that Well, I remember you were saying quite the opposite not so long ago That Bitcoin without the US dollar is not long for this world either and will quickly kick the bucket. So what made you change your mind? Though you seem to have pinpointed the main cause for excessive speculation (which is what currently gives Bitcoin value, not the US dollar itself, of course), i.e. the excessive (unused) wealth, which has no real-life application and which thus gets poured into speculative assets (like Bitcoin)
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jeraldskie11
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June 07, 2017, 08:49:59 AM |
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is bitcoin more popular than US Dollar ?
For now, the more popular is US Dollar because its a legal or digital currency and its made a long years ago. Unlike bitcoin, because it is a young coin we considered not compared to usd but in future for sure it will more popular than usd and because of its popularity the price will increase too much.
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fanbeila
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June 07, 2017, 12:22:59 PM |
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is bitcoin more popular than US Dollar ?
No.Not yet.But it would be in future.Bitcoin has just crossed its primitive eight years whereas US dollars has been in the market for more than 70 years.It is the global reserve currency.It would take time for bitcoins to get popular than US dollars.
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KroFly
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June 07, 2017, 12:28:14 PM |
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It is not entirely correct to compare these two currencies. They can only complement each other, rather than compete among themselves.
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jameshowlett
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June 07, 2017, 02:03:42 PM |
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is bitcoin more popular than US Dollar ?
No.Not yet.But it would be in future.Bitcoin has just crossed its primitive eight years whereas US dollars has been in the market for more than 70 years.It is the global reserve currency.It would take time for bitcoins to get popular than US dollars. I do not think that bitcoin can be popular than us dollars even in the future because it is obvious that US dollar has existed for many years and there are many countries considering this currency are very important to their economy. Moreover, the US is the strongest country and they have been using the dollar all around this planet for several purposes
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honestis.network
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June 07, 2017, 02:29:50 PM |
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is bitcoin more popular than US Dollar ?
No.Not yet.But it would be in future.Bitcoin has just crossed its primitive eight years whereas US dollars has been in the market for more than 70 years.It is the global reserve currency.It would take time for bitcoins to get popular than US dollars. I do not think that bitcoin can be popular than us dollars even in the future because it is obvious that US dollar has existed for many years and there are many countries considering this currency are very important to their economy. Moreover, the US is the strongest country and they have been using the dollar all around this planet for several purposes History will show as this is ongoing race. BTC is just technology and global community as backup. USD have country with administration, army and official representatives.
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arcanayou
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June 07, 2017, 02:36:20 PM |
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In the black market bitcoin is more popular than bitcoin, just look at how many hackers and sellers of illegal goods like drugs use bitcoin as a means of transaction, is very unfortunate, but that's the fact, I hope bitcoin is not used for illegal acts
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geegaw
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June 07, 2017, 02:59:57 PM |
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is bitcoin more popular than US Dollar ?
No.Not yet.But it would be in future.Bitcoin has just crossed its primitive eight years whereas US dollars has been in the market for more than 70 years.It is the global reserve currency.It would take time for bitcoins to get popular than US dollars. I do not think that bitcoin can be popular than us dollars even in the future because it is obvious that US dollar has existed for many years and there are many countries considering this currency are very important to their economy. Moreover, the US is the strongest country and they have been using the dollar all around this planet for several purposes History will show as this is ongoing race. BTC is just technology and global community as backup. USD have country with administration, army and official representatives. The future is something unpredictable. If bitcoin continues to develop and become more popular in the distant future, it will be more popular than dollars. However, in my personal opinion, the US government will not be able to let that happen because if bitcoin is more popular than dollars, the economy of their country will be affected and there are many problems will occur such as corruption or money laundering. In addition, the habit of using the dollar has lasted a long time, bitcoin wants to be more popular than dollars, that's not a simple thing
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bitllionaire
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June 07, 2017, 07:03:40 PM |
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is bitcoin more popular than US Dollar ?
No.Not yet.But it would be in future.Bitcoin has just crossed its primitive eight years whereas US dollars has been in the market for more than 70 years.It is the global reserve currency.It would take time for bitcoins to get popular than US dollars. I do not think that bitcoin can be popular than us dollars even in the future because it is obvious that US dollar has existed for many years and there are many countries considering this currency are very important to their economy. Moreover, the US is the strongest country and they have been using the dollar all around this planet for several purposes i think anything can be possible, bitcoin need some more time to become more and more popular. in fact it is depending on the interest of the people, it people will start giving preference to bitcoin then bitcoin will become popular very soon and they will start using it instead of USD. in fact in future the new generation will give more preference to bitcoin instead of USD.
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FiiNALiZE
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June 09, 2017, 12:54:42 AM |
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In the black market bitcoin is more popular than bitcoin, just look at how many hackers and sellers of illegal goods like drugs use bitcoin as a means of transaction, is very unfortunate, but that's the fact, I hope bitcoin is not used for illegal acts
I am pretty sure that you are only stating on the Internet’s Black Market because the money flowing in that is nothing compared to the regular Black Market that is going on beyond the computer. If Bitcoin was much larger than the regular Black Market then people would not need to exchange their Bitcoins for another currency because Bitcoin would be the main exchange for such products. Bitcoin is nowhere close to that level yet and it would be a tough goal to attain.
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