USA dollar and BTC Are similar this is how

[Parklane777]

Everybody come up with the new coins ...the next bitcoins and how the next new coins will take over the btc but all them fail with competation against btc.

Same with dollar ...everybody come with new currencies and telling they will be better then dollar.

So btc is king in cryptocurrency.
Dollar is king of fiat currencies.
There is no reason to compare btc with usd the usd is usd and btc is btc.
The fiat is fiat and crypto is crypto every king is king in their own Kingdom the usd is king in fiat Kingdom and btc is king of the crypto Kingdom.

same goes for USA vs china ...the usa is BTC and China is like ETH so you can't make out of ETH the BTC neither you can't make out of China the USA.

If those things we keep in mind we could understood things more clear ways

Same goes for the GOLD the GOLD is king of metals.
Same goes for OIL the CRUDE oil is king of commodities.

People try mix them up and compare but all of them are different things with different purpose and use case.

[Stalker22]

Your argument doesnt quite add up.  Bitcoin and the dollar are fundamentally different and arent really comparable. Bitcoin is a decentralized digital currency without borders.  The dollars a government-backed fiat currency tied to one nation.  But theres a whole world beyond America.   

Im from the Eurozone, for example.  How do dollars affect me when I use euros? There can be multiple successful fiat currencies globally, not just the almighty dollar.

[Charles-Tim]

Anything physical that can be bought and sold are commodities. Gold can be bought and sold. So gold is also a commodity and not only a metal.

I can not use bitcoin and ether to compare United States dollar and Chinese Yuan because Yuan is far lower than dollar than ether is lower than bitcoin. Although, ether can not be compared to bitcoin also as bitcoin is far superior.

[SamReomo]

same goes for USA vs china ...the usa is BTC and China is like ETH so you can't make out of ETH the BTC neither you can't make out of China the USA.

Wow, how can people even think something like that? OP, you seems to be a genius but jokes aside, you really can't compare two countries to each other by that way.

It's funny to read that someone thinks that ETH is China while BTC is USA. USD and Bitcoin aren't similar in anyway. Bitcoin has limited supply of 21M while USD doesn't have any limited supply.

[NotATether]

Your argument doesnt quite add up.  Bitcoin and the dollar are fundamentally different and arent really comparable. Bitcoin is a decentralized digital currency without borders.  The dollars a government-backed fiat currency tied to one nation.  But theres a whole world beyond America.   

I think OP is referring to the fact that both of these currencies are market leaders in their fields. BTC is the leader in cryptocurrency, and the dollar is the leader in fiat currency.

I'm from the Eurozone, for example.  How do dollars affect me when I use euros? There can be multiple successful fiat currencies globally, not just the almighty dollar.

See the above. Euro and the pound are strong currencies but internationally speaking, most companies are dealing with dollars because of the foreign exchange that's taking place when you buy anything for euros/pounds from an international vendor.

[EarnOnVictor]

So btc is king in cryptocurrency.
Dollar is king of fiat currencies.
There is no reason to compare btc with usd the usd is usd and btc is btc.
The fiat is fiat and crypto is crypto every king is king in their own Kingdom the usd is king in fiat Kingdom and btc is king of the crypto Kingdom.
Same goes for the GOLD the GOLD is king of metals.

I love these points I concised from what you wrote, they are the reality I love people to embrace rather than believing that Bitcoin is better than EVERYTHING as they used to say. There are places/situations where Bitcoin will fail you and Fiat/Gold would help you, there are places where Bitcoin will save you and Fiat will fail you.

For this, it's good we stop the comparison and use them where they can best serve us. We should also appreciate them, invest in them, and spend them where applicable.

[kro55]

USA dollar and BTC Are similar this is how

Bitcoin is the only decentralized currency in the world so there will be no similarities between bitcoin and any national currency including USD because it is also centralized. Bitcoin dominance is assured because of its decentralized nature, and as long as we don't have a second decentralized currency like bitcoin, no one can challenge its throne from within or outside the cryptocurrency.

The dominance of the USD depends entirely on the US economy and it will weaken or lead to collapse if the US economy encounters problems. The US economy is facing strong divisions between domestic politicians and external competition from other countries such as China or the BRICS bloc...Although they are still the leading power, it is clear that the weakening of the USD is happening slowly.

[SilverCryptoBullet]

So btc is king in cryptocurrency.
Dollar is king of fiat currencies.

Dollar can lose its leading position when the USA. is longer a biggest nation in economy. We saw it happened with Italy (Rome), UK, France, Russia, Turkey and more countries with past successful histories but lost their positions to the USA. since World War I and World War II.

There is no reason to compare btc with usd the usd is usd and btc is btc.

True.

No reason to compare BTC with fiat currency for example the US. dollar.

Both are inflationary but Bitcoin inflation rate decreases with time, the rate halves every 210,000 blocks or after about 4 years. Fiat currencies have increasing inflation rate with time and will not decrease. Inflation rates of fiat currencies increase or decrease by government decisions but decrease is only temporary but a long term trend is always inflationary.

Purchasing power of the U.S. Dollar over time

Bitcoin inflation is 1.7% now
Bitcoin Inflation Now 75% Less Than Current US Rate Post-Halving

[Die_empty]

Same goes for the GOLD the GOLD is king of metals.
Same goes for OIL the CRUDE oil is king of commodities.

People try mix them up and compare but all of them are different things with different purpose and use case.

It is common to see people compare gold and Bitcoin., maybe because Bitcoin is called digital gold. Both of them might have a few similar features, but both of them are different in more ways. There are arguments that some coins have better features, such as privacy and lower transaction fees, than Bitcoin. However, Bitcoin remains the king of the crypto industry.

same goes for USA vs china ...the usa is BTC and China is like ETH so you can't make out of ETH the BTC neither you can't make out of China the USA.

Wow, how can people even think something like that? OP, you seems to be a genius but jokes aside, you really can't compare two countries to each other by that way.

It's funny to read that someone thinks that ETH is China while BTC is USA. USD and Bitcoin aren't similar in anyway. Bitcoin has limited supply of 21M while USD doesn't have any limited supply.

OP is illustrating that just like Bitcoin and Ethereum are the two leading cryptocurrencies, the US and China are the two top economies in the world. He is just using both cryptos and countries to drive down his points.

[Stalker22]

I think OP is referring to the fact that both of these currencies are market leaders in their fields. BTC is the leader in cryptocurrency, and the dollar is the leader in fiat currency.

I'm from the Eurozone, for example.  How do dollars affect me when I use euros? There can be multiple successful fiat currencies globally, not just the almighty dollar.

See the above. Euro and the pound are strong currencies but internationally speaking, most companies are dealing with dollars because of the foreign exchange that's taking place when you buy anything for euros/pounds from an international vendor.

I understand what the OP is referring to, but I still think its a wrong comparison. True, the USD is the market champion at the moment, because it is backed by a strong economy. But it hasnt always been that way, (remember when everyone thought the British pound was untouchable?) and who is to say that it cant be replaced by another currency in the future? (The euro, for instance, is rapidly gaining ground as a global currency, and its current use is comparable to the dollar... and lets not overlook the seismic shifts in the Chinese market over the years.) 

As for Bitcoin, it is a market champion for entirely different reasons, including its role in the emerging cryptocurrency market and its potential for value appreciation.  Im not saying that it cant be replaced in the distant future, but its current market dominance is undeniable. Other cryptocurrencies are nowhere near its level of influence.

[DiMarxist]

There are some similarities between BTC and USD. And as you have stated it clearly that BTC is the king of all the Cryptocurrencies but I don't think dollar is the king of all the fiat currencies because they are some countries that do not use dollar to do any transaction but only their National Currency or Reginal Currency.
Though they have some similarities in term of uses and not in design.

[CoinFoxs]

same goes for USA vs china ...the usa is BTC and China is like ETH so you can't make out of ETH the BTC neither you can't make out of China the USA.

It's funny to read that someone thinks that ETH is China while BTC is USA. USD and Bitcoin aren't similar in anyway. Bitcoin has limited supply of 21M while USD doesn't have any limited supply.

US dollars is fiat currency and it is backed by US government and USD M2 supply is 21 Trillion dollars as per record compiled in june 2024. Bitcoin is decentralised and USD is centralised so we cannot compare both currencies. USD is acceptable as payment all over the world while bitcoin is not acceptable all over the world. Bitcoin price fluctuates over the time and dollar has fixed price in USA and it differs in different countries when converted to local fiat currency.

[Die_empty]

There are some similarities between BTC and USD. And as you have stated it clearly that BTC is the king of all the Cryptocurrencies but I don't think dollar is the king of all the fiat currencies because they are some countries that do not use dollar to do any transaction but only their National Currency or Reginal Currency.
Though they have some similarities in term of uses and not in design.

The dollar is not the most valued currency but it is the most powerful. It is the highest traded currency and primary reserve currency. Almost every country in the world uses the US dollar since it is the major currency used for international trade. Most of global commodities including crypto currencies are priced in the dollar. So we can assume that the US Dollar is the King of fiat currencies. 

US dollars is fiat currency and it is backed by US government and USD M2 supply is 21 Trillion dollars as per record compiled in june 2024. Bitcoin is decentralised and USD is centralised so we cannot compare both currencies. USD is acceptable as payment all over the world while bitcoin is not acceptable all over the world. Bitcoin price fluctuates over the time and dollar has fixed price in USA and it differs in different countries when converted to local fiat currency.

Let me add that the dollars have unlimited supply while Bitcoin has a specific maximum supply which is 21 million coins. The dollar cannot be used as a hedge against inflation. Bitcoin can be used to reduce the negative influence of the increase in the price of goods and services.

[kryptqnick]

The op's argument makes sense to me. I agree that there is no need to see BTC as competitor of the USD or of gold. Each in significantly different to dominate in their own realm. However, some comparisons can make sense if we're talking about assets, about volatility, risks, market capitalization etc. They are not so different that they can't be compared with one another. But that doesn't need to be a competition, that much is true. There are different audiences for each product and different purposes for which they can be used.

[Z_MBFM]

Your argument doesnt quite add up.  Bitcoin and the dollar are fundamentally different and arent really comparable. Bitcoin is a decentralized digital currency without borders.  The dollars a government-backed fiat currency tied to one nation.  But theres a whole world beyond America.   

Im from the Eurozone, for example.  How do dollars affect me when I use euros? There can be multiple successful fiat currencies globally, not just the almighty dollar.

Yes American Dollar and Bitcoin are completely different things. The American dollar is a stable coin whose value is determined by the government. And on the other hand Bitcoin is digital currency which is unstable and its price is highly volatile. For this Bitcoin can never be compared to the dollar. the American dollar is used as a global reserve currency, which is why we calculate the price of Bitcoin in dollars, so it does not mean that we call Bitcoin and the dollar the same.

[retreat]

Your understanding of Bitcoin and Fiat is very wrong. There is no such thing as a "King of Cryptocurrency" because Bitcoin is a pioneer and will always be like that. And also the same with USD it has never been a "King of Fiat" since there are more valuable currencies than it, even globally USD is ranked 10th in the world's most valuable currencies. And again there is no such thing as "ETH vs BTC" because from the beginning ETH was below BTC - and you can't equate between BTC and ETH.

[o48o]

-cut-
People try mix them up and compare but all of them are different things with different purpose and use case.

So, what you are saying is that BTC and Dollar are both kings of their use cases? Because i don't have a clue why you used all that space to make weird allegories that don't even make sense.

And i can't understand why you picked those those examples, because they really don''t help anyone understand differences and similarities better. Every point you made is a matter of opinion and not everything needs to have an allegory, because they almost never work. Especially saying stuff like "usa is BTC and China is like ETH"! That doens't even mean anything. I could say that Btc is goose and Ethereum a duck and that would make as much sense.

[pooya87]

That is an interesting comparison although with a bunch of fundamental flaws.

The flaw is that unlike the dollar, bitcoin is not a scam. It is also not a Ponzi scheme and it can not be printed without any cap or control. But I keep the flaws in your comparison short because I want to focus on the comparison itself.

You are correct in some ways too. Every day someone creates something useless that is the exact copy of bitcoin, usually with additional issues and think their garbage can be a competition. It can't because they are useless and flawed.
But if you have seen my comments in the main board to the question "can bitcoin be replaced" that newbies ask there every couple of months, I always say it is possible if someone creates something better and innovative that addresses Bitcoin's shortcomings.

That is exactly what's happening to the dollar as well. It has a lot of disadvantages. For example dollar is controlled by the US regime and they abuse that power every chance they get. From printing it nonstop that exports the massive inflation to the whole world making all other countries' economies suffer, all the way to using dollar as a weapon against any country they think is growing. It could be through sanctions or through malicious organizations such as IMF that destroys the economy of those countries. The latest example of destruction caused by IMF is Bangladesh...

So the world is coming up with alternatives that addresses all those issues. If they create another garbage (eg. CNY) obviously it will be like shitcoins. But that is not all that's happening. We are clearly seeing alternatives forming that are far better and are already being used on a smaller scale and inside blocs like ASEAN, soon to grow and become global possibly through BRICS.

[BIT-BENDER]

So is Messi same thing as Bitcoin? Because there has been many people lots of people has said would be the next Messi in football but still non has been able to match the work that Messi has done in football, so since Messi is the king of football does it mean he can be compared to Bitcoin.

Fiat and crypto are two different thing, Bitcoin supports anonymity the dollar doesn't, crypto is not controlled by the US government but the dollar is. You can't store crypto in the commercial banks but you can store the dollar, there are lots of differences.

[fullhdpixel]

So is Messi same thing as Bitcoin? so since Messi is the king of football does it mean he can be compared to Bitcoin.

What? Ahaha, that's a different story anymore mate. Yeah we know that both are king but obviously they can't be compared to each other because they are not on the same line. I mean one is a person and the other is a thing.

Because there has been many people lots of people has said would be the next Messi in football but still non has been able to match the work that Messi has done in football,

This is what they say that we should quit on talk but do the action first because this is the ones that can matter the most. Messi is one extra-ordinary player and obviously not all can be on that level but there are few already who are also skilful in the world of football.

Fiat and crypto are two different thing, Bitcoin supports anonymity the dollar doesn't, crypto is not controlled by the US government but the dollar is. You can't store crypto in the commercial banks but you can store the dollar, there are lots of differences.

These are the ones that can be compared to each other even though one is centralized and the other isn't because at the end of the day both are still a currency.