BTC vs USD - Which one is better?

[jektok]

Bitcoin is our permanent asset. And USD is our current asset. Which we can exchange transactions at any time. Bitcoin has to be made from wool. So I think it's better Better.

[southafricadude]

It depends what you mean by 'better'.
As a store of value, bitcoin has outperformed the USD in value over the last 10 years is proof enough it is better way to store your value.
As a way of doing transactions, USD is better as its accepted by more people (yes, even including drug dealers and terrorists).
As bitcoin becomes more well known, more people will want it, which will create more demand (as we can see already). When there is more demand by more people, they will want it in any way they can get it....which is where more people will start accepting it as a method of payment. Most people dont accept it as a method of payment right now because they just dont want bitcoin, probably because they dont know about it, and have no idea what it is about. Anyone who understands bitcoin wants to have bitcoin and will accept it as a method of payment.

[nicko122]

These guys have some interesting stuff going on here https://cryptotradernews.com/cryptocurrency/bitcoin-vs-usd-for-storing-value-purposes/

Today, I would personally pick USD as it can be used world wide and for a variety of purposes. However, if BTC were to stop being JUST a speculative asset I would contemplate making the switch. I like being in control of my cash without having to depend on some greedy bank!

Thoughts?

- The USD is backed by the US and its powerhouse of an economy
- The rate of exchange for all or most currencies is tied to the USD (post-Bretton Woods)
- The dollar is not expected to collapse as the US is a large consumer and many nations depend on the US and its appetite for goods and services
- The dollar may continue to slowly decrease in value and have periods of greater decline which can adversely affect holders of USD (lower purchasing power)
- There is a flurry of issues that exist for the USD, these include a slowing economy, excessive printing, lack of trust in the US and USD by other nations, effects of trade wars, among other issues
- The euro is a strong contender to replace USD as a global currency, but it has its own crises

- Bitcoin is a global, decentralized, censorship resistant currency
- Bitcoin has a transparent ledger, providing it with immense value
- Bitcoin has appreciated in value over the course of its existence
- More value must accrue to bitcoin for it become a strong contender to be a global reserve currency
- The bitcoin ecosystem is still in the development phase and will need more time to establish itself

[Vishnu.Reang]

Whatever advantage BTC is having, no one can deny the fact that the United States Dollar is the most acceptable currency in the world as of now. Bitcoin is miles behind, and it will take many decades before it can offer any meaningful competition to the USD. And for that to happen, the American economy should decline, and the chances are very low as long as Trump is in power.

[valentin68]

We can not compare the USD with the Bitcoin. The USD is the currency of a proud and amazing nation, a wonderful nation that has a very powerful economy, if not the first economy in the world.

  Bicoin is the internet currency, it is the world currency that will make this world a very good world for its people.
We can use PayPal to send money everywhere in this world, but that person has to have a PayPal account to receive the money. PayPal is very good.
 With Bitcoin we can receive money from every person in this world and we can send money to every person in this world on the internet.

 It is sufficient that that person has an NFC smartphone and he can withdraw the bitcoin money that he received from many ATMs in this world into his country currency.  

  
 

[Koadharber]

These guys have some interesting stuff going on here https://cryptotradernews.com/cryptocurrency/bitcoin-vs-usd-for-storing-value-purposes/

Today, I would personally pick USD as it can be used world wide and for a variety of purposes. However, if BTC were to stop being JUST a speculative asset I would contemplate making the switch. I like being in control of my cash without having to depend on some greedy bank!

Thoughts?

For now I would be force to pick USD as the better currency,why?because using USD give you more benefits when it comes to real life spending and purchasing compared to bitcoin.You can pay everything in USD,yes you can pay some in bitcoin too  but not all and most of the time the needs is what you cant pay for using bitcoin like house rent,bills and many more.But if we place bitcoin in USD as equal in ability to be spent then i will choose bitcoin for obvious reasons.Less hassle and convienient type of payment we all know that.

Bitcoin and USD has a differrent advantage in terms of payments transaction bitcoin is the best,but not all people knows about Bitcoin and not all stores and Establishment accepting Bitcoin that's why for me USD is better than bitcoin because you can use it anywhere in the world.

[Herbys]

In my opinion, they are not really competitors and there is no better here. Both currencies have different use cases.

I believe bitcoin mainly use, for now, is to make the transactions that banks do not allow you to do, or that they charge very expensive fees. Those transactions ares remittances, currency conversions, payments in another currency, etc.

Another great use is as store of value, especially in time of crisis.

Bitcoin is not the best guidance during the crisis, because there are many negative factors, including how difficult it is to turn Bitcoins into real money.

Bitcoin is too risky asset!

[Netnox]

Bitcoin is not the best guidance during the crisis, because there are many negative factors, including how difficult it is to turn Bitcoins into real money.

Bitcoin is too risky asset!

This is very surprising. Looks like you are not very knowledgeable about crypto. There are dozens of options to convert your coins to fiat cash, including anonymous as well as non-anonymous methods. The easiest method is to get cash deposited in your bank account, after selling your coins through localbitcoins or any other p2p site.

[Golftech]

Whatever advantage BTC is having, no one can deny the fact that the United States Dollar is the most acceptable currency in the world as of now. Bitcoin is miles behind, and it will take many decades before it can offer any meaningful competition to the USD. And for that to happen, the American economy should decline, and the chances are very low as long as Trump is in power.

Good argument, before anything to overtake USD it will need strong support from different places in order to make a good competition against this well known and really useful currency, Bitcoin needs to make a strong and bigger hyped for having lots of attention to be created.

[zee11225]

Whatever advantage BTC is having, no one can deny the fact that the United States Dollar is the most acceptable currency in the world as of now. Bitcoin is miles behind, and it will take many decades before it can offer any meaningful competition to the USD. And for that to happen, the American economy should decline, and the chances are very low as long as Trump is in power.

If the size is to be used, of course the US Dollar is superior, because it can be accepted anywhere in the world. While bitcoin is still used by limited circles and certain countries that legalize it.
But if it is a consideration for investment, I choose bitcoin to be more profitable, because the level of fluctuation is high enough so that as an investor, I can make big profits.

[romero121]

Both are on different functional platforms get operated carrying their own values. In this regard both can be termed as better on different factors. With USD we'll get an constant value that is carried by a currency which makes the market to be less volatile. Thus making it an low risk asset for all regular needs and investments.

Bitcoin does each and everything that can be done by the USD. Now the acceptance level and usage of bitcoin is very low compared to USD. In this regard we're in need to have dependence on USD for our needs. Maybe some day when the direct usage of bitcoin increases high we can say with strong results that bitcoin is better though it is high risk associated.

[kewlia]

any time any where we can use USD, but BTC easily we don't change. my opinion BTC is better for investment because any one cannot transelet  it. BTC at present earn so much popularity in the word. day by day people try to known about BTC. so we are hoped that near future BTC can take better position in the coin market.

[duglin]

For sure btc. No doubs.

[diahsw]

if the comparison between usd and btc, it is clear that I chose usd, because it includes the currency that applies throughout the world and certainly it is real and there ... but that does not mean I have to leave BTTC, because BTC is also very much needed in the digital world ..

[jabrix]

choose btc and usd can now be selected based on the right needs. if the need for deposits without risk may be usd can be an option but if the choice is to become a profit producer I think choosing btc is a good choice because btc has the nature of increases and decreases in prices

As an option, I invest in BTC because it provides better and faster profits than having USD. Of course the risk is greater than the USD, considering the price is very volatile.
For speculators prices fluctuate very interesting because the profits can be very large. So that is the choice of BTC or USD because of the factors of trade or investment goals.

[Satish41984]

my opinion is that btc is better than usd. because btc is new currency and within few years it will become the top currency of world

[NathanJB]

These guys have some interesting stuff going on here https://cryptotradernews.com/cryptocurrency/bitcoin-vs-usd-for-storing-value-purposes/

Today, I would personally pick USD as it can be used world wide and for a variety of purposes. However, if BTC were to stop being JUST a speculative asset I would contemplate making the switch. I like being in control of my cash without having to depend on some greedy bank!

Thoughts?

As for me, it depends on what you are exactly looking for. If you are looking for a currency that you can use wherever you are, then of course USD is very much ahead of BTC. That is understandable. One is already the world's main currency, the other is just starting to climb the ladder. But if you are looking for a currency that grows in value in contrary to USD that is consistently decreasing its value, BTC is a world better than USD. And if you are looking for a currency that you truly own, BTC is the champion.

[JimmieA]

It is so vague to determine that btc or usd is better. So what is your purpose? If it's all about exchanging deals, then everyone will choose USD, on the contrary, people choose btc as a highly profitable speculation product. But saying that does not mean that the dollar cannot invest, the foreign exchange market is also one of the global investment whirlwinds now, but it needs a large amount of capital because the fluctuation is not so much as crypto market.

[elisabetheva]

In my opinion, they are not really competitors and there is no better here. Both currencies have different use cases.

I believe bitcoin mainly use, for now, is to make the transactions that banks do not allow you to do, or that they charge very expensive fees. Those transactions ares remittances, currency conversions, payments in another currency, etc.

Another great use is as store of value, especially in time of crisis.

I agree with what you have said, that bitcoin and USD have different characteristics and cannot be equated.
if the matter of profit and loss between them is actually more risky with bitcoin, but if we understand and often analyze well, it is clear that the advantages of bitcoin are very profitable compared to USD. obviously long-term investment is better for bitcoin.

Bitcoin is not the best guidance during the crisis, because there are many negative factors, including how difficult it is to turn Bitcoins into real money.

Bitcoin is too risky asset!

I disagree with your statement that bitcoin is very difficult to convert into real money / fiat. now there are many conveniences available. the negative factor is the risk we want to invest. normal things happen as long as we want to analyze each action will surely be safe.

[freedomgo]

It is so vague to determine that btc or usd is better. So what is your purpose? If it's all about exchanging deals, then everyone will choose USD, on the contrary, people choose btc as a highly profitable speculation product. But saying that does not mean that the dollar cannot invest, the foreign exchange market is also one of the global investment whirlwinds now, but it needs a large amount of capital because the fluctuation is not so much as crypto market.

People should stop comparing bitcoin to USD, as fiat and crypto are different.
USD is the most dominant currency int he world, while BTC is only dominant in the crypto space, which crypto space is just very small compared to the coverage of USD which all countries recognize it as a currency and that's how powerful USD is.