Is Bitcoin the dollar equivalent?

[boboking]

This idea is too far to become a reality. First bitcoin should be recognized as a secondary currency if not primary by the government. Then we need bitcoin to be widely accepted as a form of payment by retailers or merchants. If more businesses will accepts bitcoin then most likely than not stock exchange can accept bitcoin for a stock.

Remember gold has its value but since nobody or it is very rare for anyone to  accept gold. Stock market can not accept gold as a payment for stocks.

[spyerf]

Well, in my opinion, governments will never allow Bitcoin as principal way of payment (such as dollars). As they can't control it, that would be useless for them. And we must not forget that BTC stays a CRYPTOcurrency.

That's right, it takes time to convince everyone to do every transaction using bitcoin, but if that can happen, I think the government will not allow it, because every country has its own currency, and there is no benefit to the government. .

[Donceng]

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

yes it is true that you say, but the difference is if the stock market can not be accessed by the public and if cryptocurrencies can be accessed by the public, and this is where we have financial freedom.

[amih]

between bitcoin and dollar is distinctly different, bitcoin is a decentralized virtual currency so no bank is the center of bitcoin circulation so that all kinds of notes about bitcoin transactions exist only on computers that have been systematically designed. Technically if we look at the obvious bitcoin exchange market side will be very profitable when compared with Dollar because bitcoin is very transparent and can not be controlled any party.

[captin crunch]

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

I think that the system is different, in case of fiat money the price of each currency is measured in comparing to one another, in crypto prices are independent. Besides, we are still buying other cryptos with dollars and other fiat money, and not only with bitcoin. ICOs most often take ETH as a form of payment.

[rasyiqul1505]

bitcoin is not equivalent to dollar money because bitcoin has a very expensive price than bitcoin. Dollars can only be used to buy bitcoins but that does not mean dollars are equivalent to bitcoin

[deviltasha]

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

I would not agree, these two have different system. Dollar is currency  and Bitcoin is more likely asset.

[EmJay]

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

I don't really think we can compare the bitcoin to dollar equivalent. As cryptocurrency is volatile and i think the sysyem is different. These two are really different. It wouldn't be compared.

[meanwords]

I don't think so. Dollar is a government money, meaning it is controlled by them fully while on the other hand Bitcoin is a decentralized money which the government doesn't have any control on it. Simply put, with bitcoin, we can transfer almost anonymously without government surveillance all the time.

[barabut]

Aside from Bitcoin and Ethereum, there are more than 1,200 altcoins in the entire crypto market. Which currency you mostly use to buy, personally using ether mainly to buy alt coins. All of the crypto money valued by usd equivalent, bitcoin as well.

[jeysonserafini1]

In stocks you're buying shares with dollars but in cryptocurrencies you're buying tokens with Bitcoin. It means Bitcoin is dollar in cryptocurrencies market.

[Ulan01]

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

Maybe, if you equate the real world with the crypto world. Because in the real world we can buy anything with dollars, and in the crypto world we can buy all altcoin with bitcoin. But if you equate dollars with bitcoin in the real world, it must be different and not the same.

[spadormie]

It is something like that because in cryptocurrencies, the exchange of almost many coins. While in stocks it is like usd to another stocks. Just like that.

[1Referee]

Because in the real world we can buy anything with dollars, and in the crypto world we can buy all altcoin with bitcoin.

You can spend Bitcoin on whatever you want in the hundreds of thousands of merchants accepting it. Granted, Bitcoin's merchant adoption level is very low if we put it against the adoption level fiat payment services enjoy, but that will change slowly but surely. LN will shake things up when deployed globally, because it gets rid of three important obstacles;

1) transaction fees.
2) confirmation times.
3) transaction processing capability.

From there the only obstacles remaining are the volatility and the lacking will to spend. In case of the latter, I hope that the aforementioned 3 points will at least make them more comfortable spending instead of solely hoarding. Currently I can definitely understand that there is no real incentive to move away from traditional payment services, but that will change once LN gets embraced by merchants. LN's lower fees might even result in merchants getting rid of the product premiums due to the fees that CC's and other services charge, which merchants calculate in their prices.

[ilyashpakin2015]

The official currency will or will not be unknown at the moment because Bitcoin jumps up then down.

[brickafterbrickwalldpt]

Bitcoin is not a dollar equivalent. It is something far more superior. Dollars are simply worthless papers which could be forged or printed anytime by various people. Bitcoin can't be forged, that's what makes it so valuable. Not to mention that it is decentralized and nobody can't stop it anymore from expanding. It is a matter of time before we will all ditch dollar and all fiats in order to use cryptocurrencies. There will be a lot of discussions whether or not it is a good idea but I have high expectations of Bitcoin. There's one thing that Bitcoin can't be used in the same way as dollar. Taking cocaine

[r1a2y3m4]

I would say yes. if you put it that way, bitcoin is definitely the equivalent of dollar. We all know that dollar is somewhat the universal money in this world and many countries need to convert their money to usd to buy something internationally (like tech or resources). You will see in a lot of exchanges bitcoin is used to buy other coins. I think only a handful of coins are ready to be bought on dollars.

[RAMSHIVDEEPAK]

You can buy the  bitcoin with dollar ,but you cant compare the bitcoin with dollar.here is the reason:
1.Bitcoin is very flexible or highly risky or highly volatile,
2.No international support  for bitcoin like dollar,
3.No one here to take responsibility  if it crash,
4.No one can regulate,

[jundy020]

I would like to agree like the real currency, dollar is the basis and center of exchange while in cryptocurrency bitcoin is the dollar value on stock market exchange but in cryptocurrency we need to go many methods and payment before we actually done an exchange so there are similarities and differences.

[Sumo]

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

No, that's not quite true. Bitcoin can be bought for dollars, but not everywhere. Bitcoin has many other functions. Economic and practical.