Will the US Dollar dominate bitcoin trading

[buyinbtc]

The US dollar has been dictating most of the trades world wide from crude oil to anything.  Is there a possibility that it will dominate in the trading of Bitcoin?

Yes it "dominates" in oil and even stocks trading, so that is not a big surprise that it will dominate in bitcoin trading too, in fact, it already does that as most of trades are done with $

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[Aceanyth]

Off course is the us dollar dominating the bitcoin tradings and that is becuase the bitcoin exist out of the dollar you know lots of people dont know that
but bitcoins are dollars off course

[phreaky]

The US dollar has been dictating most of the trades world wide from crude oil to anything.  Is there a possibility that it will dominate in the trading of Bitcoin?

I do think that the US Dollar is going to dominate again because they have been dominating ever since so it would be weird if they were not the one going to dominate.
It seems almost impossible for the other currency to keep up with it.

[Reid]

The US dollar has been dictating most of the trades world wide from crude oil to anything.  Is there a possibility that it will dominate in the trading of Bitcoin?

It is just dictating the currency being used where they are much popular but not with world wide trading. They use the USD because it the most used currency and can easily be converted back to their own. But I dont think they are dominating it is the contrary that is happening.

[PieCrafted]

If I am correct the US dollar is already dominating the Bitcoin trading because most people are selling there Bitcoins against the US dollar.
I think that this is going to be the same for a long time I do not see any reason why people would trade in for a other currency.

[HoshiPost]

the dollar is always dominating the bitcoin trades because the value of the bitcoin depends all about the dollars and when you dont have that amount of dollar youj wont be able to trade off course.

[Hahnatise]

the dollar is always dominating the bitcoin trades because the value of the bitcoin depends all about the dollars and when you dont have that amount of dollar youj wont be able to trade off course.

I heard the trading volume in the Chinese exchanges are very high and they do not use the US dollar to trade.

[Vaskiy]

Though bitcoin adoption and acceptance among the world country people was increasing rapidly, it hasn't reached the level equal to dollar. Even now indirectly bitcoin has some dependence over dollar. So when people get the option of using bitcoin same as dollar the dominance of dollar over bitcoin decreases.

[kryptqnick]

The US dollar has been dictating most of the trades world wide from crude oil to anything.  Is there a possibility that it will dominate in the trading of Bitcoin?

Well, I think that trading will mostly involve different altcoins and not USD or something like that. People would trade litecoins for bitcoins and bytes and so on. Usual currencies will leave the game field, because they are just to different and are strongly connected to specific countries.

[mirakal]

The US dollar has been dictating most of the trades world wide from crude oil to anything.  Is there a possibility that it will dominate in the trading of Bitcoin?

Well, I think that trading will mostly involve different altcoins and not USD or something like that. People would trade litecoins for bitcoins and bytes and so on. Usual currencies will leave the game field, because they are just to different and are strongly connected to specific countries.

It's universal here, and big countries such as US who thinks their fiat is losing it's value are investing their money in bitcoin because bitcoin moves on base on the demand, and it's getting bigger the adoption which makes the price increase. Maybe we just think US Dollar dominate bitcoin because it's how it's measured.

[tabas]

The US dollar has been dictating most of the trades world wide from crude oil to anything.  Is there a possibility that it will dominate in the trading of Bitcoin?

Well, I think that trading will mostly involve different altcoins and not USD or something like that. People would trade litecoins for bitcoins and bytes and so on. Usual currencies will leave the game field, because they are just to different and are strongly connected to specific countries.

It's universal here, and big countries such as US who thinks their fiat is losing it's value are investing their money in bitcoin because bitcoin moves on base on the demand, and it's getting bigger the adoption which makes the price increase. Maybe we just think US Dollar dominate bitcoin because it's how it's measured.

The way I think is different, dollar dominates the trading of bitcoin because bitcoins price is depending its value to dollar and no other currency. Because all of the currencies are also depending to dollar. And for trading, we can see that bitcoins price is increasing and maybe dollar has been affected by this bitcoins pump.

[error08]

Probably not. Currently more than 50% of the bitcoin miners and corporations are from China. These guys control and own the supply of bitcoin, meaning that they influence most of the trading going on on the market. If the US is going to beat that, they will have to acquire more mining power, or the government will have to make a statement on the lines of "Bitcoin is awesome! Invest in it!", which will most likely never happen.

Yeah, since china market cap dominating bitcoin miners and the majority of bitcoin transactions over the last month came from yuan trades, indicates USD is behind them. USD might as worldwide accepted currency, dollar was the dominant currency, but that started to change in the end of 2013, as the volume of CNY transactions increase and now dominate about 90% of bitcoin transaction, no chance for USD rule bitcoin trading.

[freedomgo]

Probably not. Currently more than 50% of the bitcoin miners and corporations are from China. These guys control and own the supply of bitcoin, meaning that they influence most of the trading going on on the market. If the US is going to beat that, they will have to acquire more mining power, or the government will have to make a statement on the lines of "Bitcoin is awesome! Invest in it!", which will most likely never happen.

Yeah, since china market cap dominating bitcoin miners and the majority of bitcoin transactions over the last month came from yuan trades, indicates USD is behind them. USD might as worldwide accepted currency, dollar was the dominant currency, but that started to change in the end of 2013, as the volume of CNY transactions increase and now dominate about 90% of bitcoin transaction, no chance for USD rule bitcoin trading.

It's just about time, YUAN is good now but Dollar will overtake in the coming future, now that Trump was made as president,
there would be a lot of surprise.

[Hahnatise]

Probably not. Currently more than 50% of the bitcoin miners and corporations are from China. These guys control and own the supply of bitcoin, meaning that they influence most of the trading going on on the market. If the US is going to beat that, they will have to acquire more mining power, or the government will have to make a statement on the lines of "Bitcoin is awesome! Invest in it!", which will most likely never happen.

Yeah, since china market cap dominating bitcoin miners and the majority of bitcoin transactions over the last month came from yuan trades, indicates USD is behind them. USD might as worldwide accepted currency, dollar was the dominant currency, but that started to change in the end of 2013, as the volume of CNY transactions increase and now dominate about 90% of bitcoin transaction, no chance for USD rule bitcoin trading.

It's just about time, YUAN is good now but Dollar will overtake in the coming future, now that Trump was made as president,
there would be a lot of surprise.

The Chinese Yuan trade about the bticoin is more than the US dollar. Most of the new coins are mined in China.

[Xester]

The US dollar has been dictating most of the trades world wide from crude oil to anything.  Is there a possibility that it will dominate in the trading of Bitcoin?

Yes it "dominates" in oil and even stocks trading, so that is not a big surprise that it will dominate in bitcoin trading too, in fact, it already does that as most of trades are done with $

Yes at this point of time bitcoin is dominated by dollar but not for long. The fact that bitcoin  are starting to accept local currencies sooner or later even without dollars bitcoin can survived. We can now buy bitcoin without using a dollar currency, we can use other currencies to buy bitcoins since bitcoin markets are now present in different parts of the world, a localized version. It simply means that bitcoin is no longer backed-up by dollars alone but by other fiat currencies as well and if dollar falls then thats the end of dollar dominating bitcoin.

[xuan87]

US dollar had been used as the international currency for along time because US used to be a powerful country, so every country used the currency as the standard, it is also happens with bitcoin trading, actually in bitcoin, dollar is only a comparison, it got nothing to do with bitcoin

[MingLee]

US dollar had been used as the international currency for along time because US used to be a powerful country, so every country used the currency as the standard, it is also happens with bitcoin trading, actually in bitcoin, dollar is only a comparison, it got nothing to do with bitcoin

It's the global reserve currency because a lot of countries were decimated by the world wars, and the US had a powerful economy that proceeded to thrive off of selling manufactured and refined goods and materials to the countries throughout Europe which had been damaged during the wars. The US used it as a power grab and threw in the USD as the world reserve currency during this time, especially considering all other currencies were insanely weak.

If the two world wars had not happened, the US would not be as powerful as it is today.

[Zadicar]

US dollar had been used as the international currency for along time because US used to be a powerful country, so every country used the currency as the standard, it is also happens with bitcoin trading, actually in bitcoin, dollar is only a comparison, it got nothing to do with bitcoin

This is true and we all know that USD is the most powerful currency all over the world if not then its one of the top and you are right its being used by the most powerful country and theres no effect into bitcoin since its value does really depend on this currency but it wont affect its current price of bitcoin.

[rajasumi2]

Well if u are talking about legal trading ,most of it is going on through bitcoin trading .in the dark market everything is totally in bitcoins as it totally untraceable .well i would suggest the government to take measurable steps to eradicate it .

[Shenzou]

Since the USD is being used as an internation currency there is no doubt that it will dominate the bitcoin trading , but right now the number of bitcoin users and investors is mainly located in chin and central Europe which makes the bitcoin being traded for Euros and Yuan , but there is a large growing number of us users so i think that we might see the usd dominatinf the bitcoin trading.