Btc vs dollars

[MadHatters]

The good thing about the dollar is that you will always have the currency since it is centralized, meanwhile, bitcoin can disappear at some point.

[lombok]

Bitcoin is unique. Not connected to any fiat currency. Bitcoin exists as a replacement or shifter for the current centralized world financial system, Bitcoin comes with a decentralized system, has a fixed supply, a free nature that is not controlled by anyone except the Bitcoin owner himself. So here there is no connection at all between USD and Bitcoin, clearly Bitcoin is a new revolution for people who want freedom from the current financial system (fiat currency)

One simple question - what is the price of Bitcoin measured in ? The answer is - in... DOLLARS.
And as long as the world's economy is counted in dollars, everything else is valued in dollars. The same Bitcoin, if there is a real cost of production - it is formed by the price of asics + electricity, because this is the real cost of obtaining it. Asics are sold for fiat currencies, or at least their price in dollars, but can be sold for other currencies or even cryptocurrencies, but... through the recalculation of dollars and the current value of cryptocurrencies in those very dollars. It is a similar picture with the cost of electricity. Therefore, it is difficult to call bitcoin independent of fiat, since it is valued in fiat currency on the market. When we consider the main prices in bitcoins, then we can talk about its "independence from the world of fiat money"

My image is that Blockchain is a state government and Bitcoin is its currency. USD/Euro, JPY/Euro or BTC/USDT, BTC/Euro are all currencies with different values. This is the reason I stated that Bitcoin is not connected to any fiat because here their status is the same, namely as currency. Even though the status is the same, the supports and systems are clearly very different. This is what makes Bitcoin unique, because it is different from fiat currency in general.

[DrBeer]

Bitcoin is unique. Not connected to any fiat currency. Bitcoin exists as a replacement or shifter for the current centralized world financial system, Bitcoin comes with a decentralized system, has a fixed supply, a free nature that is not controlled by anyone except the Bitcoin owner himself. So here there is no connection at all between USD and Bitcoin, clearly Bitcoin is a new revolution for people who want freedom from the current financial system (fiat currency)

One simple question - what is the price of Bitcoin measured in ? The answer is - in... DOLLARS.
And as long as the world's economy is counted in dollars, everything else is valued in dollars. The same Bitcoin, if there is a real cost of production - it is formed by the price of asics + electricity, because this is the real cost of obtaining it. Asics are sold for fiat currencies, or at least their price in dollars, but can be sold for other currencies or even cryptocurrencies, but... through the recalculation of dollars and the current value of cryptocurrencies in those very dollars. It is a similar picture with the cost of electricity. Therefore, it is difficult to call bitcoin independent of fiat, since it is valued in fiat currency on the market. When we consider the main prices in bitcoins, then we can talk about its "independence from the world of fiat money"

My image is that Blockchain is a state government and Bitcoin is its currency. USD/Euro, JPY/Euro or BTC/USDT, BTC/Euro are all currencies with different values. This is the reason I stated that Bitcoin is not connected to any fiat because here their status is the same, namely as currency. Even though the status is the same, the supports and systems are clearly very different. This is what makes Bitcoin unique, because it is different from fiat currency in general.

Yes, every currency has a value, otherwise it wouldn't be a currency. Otherwise how can you estimate the cost of goods and services in a currency if it has no value ?
Bitcoin's value is largely speculative, that's also a fact. But it also has a cost of production, and it is just measured by the cost of quite fiat - from the cost of asics and electricity, to the rent of premises and staff salaries. Everything else in the bitcoin price is a speculative markup!  And it is considered, I repeat, in quite a fiat dollar. Therefore, bitcoin is very much connected with the fiat world, although yes, at first it may seem the opposite.

[soramon]

The good thing about the dollar is that you will always have the currency since it is centralized, meanwhile, bitcoin can disappear at some point.

Bitcoin cannot be linked to dollars, I think, because Bitcoin has a limited supply of only 21 million in the world, while dollars have no limit, they are printed continuously and there is no basis whatsoever, but our trust in the government, the dollar is centralized, while Bitcoin is decentralized, it's as simple as that, in my opinion.

[Betwrong]

The good thing about the dollar is that you will always have the currency since it is centralized, meanwhile, bitcoin can disappear at some point.

Believe it or not, everything can disappear at some point. We just can think in terms of probabilities. The probability of disappearing something as established as dollar is low, but we know such things happen. And, after all, Bitcoin did not appear yesterday too.

[Patrol69]

Bitcoin is a digital currency and this digital currency is moving forward step by step depending on the investors. The United States, however, has not approved Bitcoin as an alternative to their dollar, nor has it linked Bitcoin directly to the dollar. We can only exchange bitcoins but we cannot directly use bitcoins instead of dollars. For example, if we want, we cannot buy a Lamborghini through Bitcoin, and we cannot buy a house in America through Bitcoin, but to buy a Lamborghini or a house in America, we will definitely need dollars. If the US government ever allows Bitcoin to be used alongside the dollar, Bitcoin may be pegged to the dollar.

[DrBeer]

Bitcoin is a digital currency and this digital currency is moving forward step by step depending on the investors. The United States, however, has not approved Bitcoin as an alternative to their dollar, nor has it linked Bitcoin directly to the dollar. We can only exchange bitcoins but we cannot directly use bitcoins instead of dollars. For example, if we want, we cannot buy a Lamborghini through Bitcoin, and we cannot buy a house in America through Bitcoin, but to buy a Lamborghini or a house in America, we will definitely need dollars. If the US government ever allows Bitcoin to be used alongside the dollar, Bitcoin may be pegged to the dollar.

Quite expected, and the situation is unlikely to change globally! The fact is that no government will ever, under any circumstances, replace its managed currency with some kind of surrogate over which the government has no influence. A financial model with a “managed trajectory” is one of the pillars of STATEHOOD! And until another model is invented where the interests of the state will be maximally satisfied, no independent “monetary system” will receive official status. This is unpleasant to understand, but all that remains is to accept and come to terms with the situation.
Well, and most importantly, not a single state, not a single economy will receive any benefit from the introduction of Bitcoin as a currency...

[uneng]

The good thing about the dollar is that you will always have the currency since it is centralized, meanwhile, bitcoin can disappear at some point.

Since dollar is centralized, it means the government and regulators can seize your money at anytime or change the present economic policy of your country, besides it being under heavy devaluation due to inflation. On the other hand, if you have Bitcoins stored under your custody, nobody can take it from you, neither governments. Bitcoin is decentralized, therefore it can't disappear, because there aren't central parties with such powers. Decentralization is in fact the guarantee Bitcoin won't disappear and won't be seized from holders.

What can happen to BTC is to lose value in case demand diminishes, but that is really unlikely to happen for now, as we are seeing the market getting more optimistic towards cryptocurrencies for the year of 2024 onwards.

[STT]

Every currency that existed has disappeared, I think thats just a matter of historical record.   Sterling has so greatly degraded from its original sterling silver origins that it has all but disappeared.  The russian Ruble for example is exchangeable at 10,000 to 1 for the pre existing Ruble from what it takes its name, ie. it no longer exists and this is a new currency with the same name and so on for every other FIAT money.  They all get trashed unfortunately, if you have a gold coin and it was cast right and so on then its going to keep that commodity value forever though some will argue its wasteful vs investing it or whatever but as money it stays otherwise all money disappears.     BTC rises largely because dollar is losing so much since its inception and thats arguably its usage in this unique time we may well see the end of some major currencies, Euro has problems YEN is already a zombie though all those countries are great the money system isnt and thats not especially hard to argue but the bigger debate is what better is there.   I wont argue against Dollar can be around decades more.

[Suzume]

Obviously bitcoin because we are bitcoin lovers and crypto guy not the reason for crypto guy. We all know the strategy of bitcoin and we all are useto with it. Many of us here liveing their life fully on bitcoin. Bitcoin is the currency made by Satoshi Nakamoto to give profit and make bright future for the bitcoin lovers and investor. We all are know that 1btc = 1btc and it already heppening a lot of time. But $1≠$1 that's the reason bitcoin win and we all stand with bitcoin.

[Betwrong]

Obviously bitcoin because we are bitcoin lovers and crypto guy not the reason for crypto guy. We all know the strategy of bitcoin and we all are useto with it. Many of us here liveing their life fully on bitcoin. Bitcoin is the currency made by Satoshi Nakamoto to give profit and make bright future for the bitcoin lovers and investor. We all are know that 1btc = 1btc and it already heppening a lot of time. But $1≠$1 that's the reason bitcoin win and we all stand with bitcoin.

I don't understand your point, to be honest. If you mean that purchasing power of $ is different in different periods of times, so we can say the same of Bitcoin. It's always changing for both currencies, only for Bitcoin it's much more noticeable than for USD. I agree with you that BTC wins the battle, though. In reality you can buy more and more for Bitcoin, and less and less for $$.