Is Bitcoin Still Better than US Dollar?

[pankajgupta]

May be or not be. If there is a transaction of large amounts, I think Bitcoin is better as it is secure and safe. And for daily use purposes, it is not good to use Bitcoin. As whenever any transaction through Bitcoin occurred, it adds a block to its chain due to which its size increases. However, keeping large amounts as Bitcoin is also a risk. If you forget your credentials, your whole earning will go in waste. So, I think according to the present scenario dollar is better.

[ReiMomo]

May be or not be. If there is a transaction of large amounts, I think Bitcoin is better as it is secure and safe. And for daily use purposes, it is not good to use Bitcoin. As whenever any transaction through Bitcoin occurred, it adds a block to its chain due to which its size increases. However, keeping large amounts as Bitcoin is also a risk. If you forget your credentials, your whole earning will go in waste. So, I think according to the present scenario dollar is better.

Absolutely! Bitcoin is really better than fiat, Especially when it comes to value. Dollar's value is really far compared to bitcoin if you are going to ask bitcoin enthusiasts but the government and other people who do not know bitcoin more might think that dollar is better than bitcoin.
But the fact we don't need to compare these two stuff, Bitcoin is a digital asset and dollar is fiat that we can use either in offline transactions.
There's no need to have a comparison between these two currencies, but there is the difference between these two currencies, the decentralized and centralized.

[shield132]

In overall, yes but not for massive usage. To be fair Bitcoin isn't ideal currency for society, we need something better, bitconi which will be well modified with improvements. Limited supply is great of course, at least no one can fake it and governments won't be able to print/mine as much money as they wish and then create debt for us.
They say USD is better because want to keep positive feeling among people in order to somehow still fake damage of what we get from usd and their nonstop printing, that's possible with positive feeling for a while but people will change their thoughts about USD and that's where we will end up bad, so for this reason we need change and I mentioned above already what kind of change we need.

[Astvile]

Bitcoin is too far to be on par with the US dollar, the adoption, and usability is a big advantage for US dollar bitcoin is still far from achieving that and the fact that they have their own uses and they are dominating their own scene you shouldn't compare them in the first place.

But if the government will implement the open usage of bitcoin as a payment processor then for sure bitcoin will dominate the scene. It is more secure compared to our traditional financial system and faster, specially for huge amounts of money transfers which will take you about a week to process on a bank.

[kooboat]

Am always not very comfortable when people directly compare Bitcoin and the US dollar. Although the two are considered currencies, they are both distinct in their respective ways. Bitcoin has become very relevant in recent times as a medium for making payments, but the US dollar is really far from that so far payments are concerned.

[Wintersoldier]

Am always not very comfortable when people directly compare Bitcoin and the US dollar. Although the two are considered currencies, they are both distinct in their respective ways. Bitcoin has become very relevant in recent times as a medium for making payments, but the US dollar is really far from that so far payments are concerned.

Let say, if bitcoin nowadays can be compared to dollars, what about: Converting the dollars into bitcoin? Would it be good if US will follow the trend of what the China is doing to increase the potential adoption of bitcoin in many aspects? Because in this era, digital currency is a must at this time, so conversion to crypto is a big race to consider just to take lead of the innovation and development of their respective currencies.

[LbtalkL]

US Dollar is just like a stable coin and Bitcoin is not they are different but when you compare these two about availability worldwide bitcoin is better and faster, less fee when transferring and most of all it is decentralized. You can transfers funds across the border without bank intervention.

[lepbagong]

it is not easy to be able to accept bitcoin as a legitimate medium of exchange, especially as a fiat currency replacement. because each country will apply very different rules.
clearly the US dollar is still reliable as a legitimate and easy to use and acceptable exchange.
certainly different from bitcoin for implementation, of course it will not be the same because of differences in rules in a country.

[blckhawk]

This news made me angry Why people still can not understand that the government is manipulating fiat money. Bitcoin is the solution to the problem of manipulating the state. Could this news be a signal for further support of Bitcoin instead of fiat money among US citizens?

https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/

We cannot really do anything as of now. We can't suggest replacing USD with BTC since bitcoin is too volatile. The government controls it for it to be stable. But money supply inflation is inevitable for fiat. Bitcoin's platform need to be more robust, exchanges must be more regulated to prevent scams, in order for people to gain trust using bitcoin as investment or even sometimes payment. Knowledge regarding bitcoin is not enough if people does not trust it.

[panganib999]

Am always not very comfortable when people directly compare Bitcoin and the US dollar. Although the two are considered currencies, they are both distinct in their respective ways. Bitcoin has become very relevant in recent times as a medium for making payments, but the US dollar is really far from that so far payments are concerned.

I couldn't agree more, they are different in various ways and both has their advantages and benefits uniquely. Bitcoin is better than US dollar in terms of its volatility and availability, there won't be any shortage in its supply for it is a digital currency. Another thing is, bitcoin is centralized and is free from the manipulation of the government and you can do your transactions without the need to be involved with banks. The only thing that made USD advantageous is that it is globally accepted and used while bitcoin on the other hand is being banned by some countries.

[airdnasxela]

Better in terms of what? Both of them can be better at different factors. Actually, they're still different from each other. Although we're seeing the bad side of fiat, people still rely more on paper money. Bitcoin still need more recognition. We can't deny that we still need to go further than what bitcoin have reached. Although how much the government would manipulate fiat, paper money will still remain circulating. Both of them can function together.

[Johnyz]

Am always not very comfortable when people directly compare Bitcoin and the US dollar. Although the two are considered currencies, they are both distinct in their respective ways. Bitcoin has become very relevant in recent times as a medium for making payments, but the US dollar is really far from that so far payments are concerned.

Bitcoin is not being used for payments, its more on a store value and good for trading. Bitcoin is better on its own technology, same thing with USD because its a worldwide currency and i believe USD is being accepted around the world while bitcoin is not. Bitcoin is still young, more improvements to come before to see its dominance as a digital currency.

[Shasha80]

In my opinion when compared both have advantages and disadvantages of each. Let's talk about the advantages of Bitcoin like Cannot be
fake, the limited stock , and decentralized. While the US Dollar has the advantage of stable prices, accepted by all parties and easy to use.
From there we can draw conclusions for now more US Dollars are needed, it does not mean that bitcoin is not good. Only to be  used as a
substitute for US Dollar has not yet been applied, there must first be regulations on bitcoin in order to be accepted everyone. Especially its
price volatility which makes some people reject if used as a substitute for US Dollar.

[Darooghe]

This news made me angry Why people still can not understand that the government is manipulating fiat money. Bitcoin is the solution to the problem of manipulating the state. Could this news be a signal for further support of Bitcoin instead of fiat money among US citizens?

https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/

I would not necessarily agree that your reason makes Bitcoin better than fiat money, I think this makes Bitcoin different or unique. Whether this is better than fiat is more of an ideological or economic theory type of question, but being unique may be sufficient to ensure Bitcoin can have significant value.

For Bitcoin to be more unique or interesting, it must be resilient against not just a small privileged group taking control, but even a majority being able to change the rules and create new inflation. Luckily I think this is the case, even if Bitcoin grows and a large wave of users enter the system and there is a successful coordinated propaganda campaign which convinces the majority of users and miners to create new inflation, the system may still be resilient enough to prevent this rule change.

You maybe think about hardfork right now, but a hardfork requires more than just majority consent, it requires no significant opposition to succeed. This is because any significant opposition is able to cause disruption and uncertainty around the period of a hardfork, which will be unwelcome and troubling to businesses and users in the ecosystem, who value uptime and reliability. Businesses and users are therefore incentivized to oppose contentious hardforks.

[cotton ball]

This news made me angry Why people still can not understand that the government is manipulating fiat money. Bitcoin is the solution to the problem of manipulating the state. Could this news be a signal for further support of Bitcoin instead of fiat money among US citizens?

https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/

Government manipulating fiat money with lower value every year, just buy something today with your money about $10, next two years try to buy the same product with $10, you get to buy it or not? I think you can't because price have up and your $10 have inflation value, but if you hold your bitcoin you will buy the same product with higher capacity and you get much profit with bitcoin without inflation.

[micalith]

It is far better than us dollar. It has a limited supply and we can follow the supply very closely wide-open. On the other hand, governments may print money without our knowledge. USA can do it and they are probably doing it. Printing money means that governments are taking our money in our pocket and distributing it to the others. Bitcoin is a solution for this.

[ReiMomo]

It is far better than us dollar. It has a limited supply and we can follow the supply very closely wide-open. On the other hand, governments may print money without our knowledge. USA can do it and they are probably doing it. Printing money means that governments are taking our money in our pocket and distributing it to the others. Bitcoin is a solution for this.

I don't think they can do easily as that printing paper money without liquidity. But you are right, bitcoin is the number one solution and it is better than the dollar. Well if we base on price, Bitcoin is really better than Dollar. Imagine if you have 150 Bitcoins. You are already a millionaire rather than having $150 that has only small value so that I can be able to say that bitcoin is better rather than a dollar and also bitcoin is more convenient to use as well.

[Distinctin]

It is far better than us dollar. It has a limited supply and we can follow the supply very closely wide-open. On the other hand, governments may print money without our knowledge. USA can do it and they are probably doing it. Printing money means that governments are taking our money in our pocket and distributing it to the others. Bitcoin is a solution for this.

I don't think they can do easily as that printing paper money without liquidity. But you are right, bitcoin is the number one solution and it is better than the dollar. Well if we base on price, Bitcoin is really better than Dollar. Imagine if you have 150 Bitcoins. You are already a millionaire rather than having $150 that has only small value so that I can be able to say that bitcoin is better rather than a dollar and also bitcoin is more convenient to use as well.

If we closely take a look into their difference at this time, US dollar still manipulating the market. NOt only we can say that because of Bitcoin's value makes to dominate the market but thinking of Bitcoin is just a store value unlike of paper money of what it is printed that's gonna be their value. If we only consider that way, we could say that Bitcoin is better but not just like that.  

[nreal]

This news made me angry Why people still can not understand that the government is manipulating fiat money. Bitcoin is the solution to the problem of manipulating the state. Could this news be a signal for further support of Bitcoin instead of fiat money among US citizens?

https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/

Fiat money has existed with humans for a long time and has a history of thousands of years, what about bitcoin? It has a history of about 10 years. Assuming all governments in the world accept btc as currency, it is also very difficult to put into practice.

[deviant99]

Some people say bitcoin is better than US dollar but i think US dollar wins in terms of acceptance because not all people know what bitcoin is and bitcoin price is volatile and bitcoin don't have physical form you cannot touch it like dollars