BTC vs USD competition...

[tienda 8776]

According to the analysis between January 06, 2020, and January 06, 2021, Bitcoin rises in price relative to the dollar,

it means that the US currency loses value compared to the Bitcoin. 

Look at this graph that shows how the dollar has lost ground against Bitcoin over time.

 

In April 2011, with $1 you could buy 100,000,000 Satoshi, which is equivalent to 1 BTC.

Today, with the same dollar, you can buy something like 3,000 Satoshi or 0.00003 bitcoin. 

In just 1 year, the dollar went from being able to buy 14,000 Satoshi (January 6, 2020), to just 3,000 (January 6, 2021).

That means a 78.5% reduction in purchasing power versus bitcoin.

[Froshk 1828]

4 hours ago, tienda said:

According to the analysis between January 06, 2020, and January 06, 2021, Bitcoin rises in price relative to the dollar,

it means that the US currency loses value compared to the Bitcoin. 

Look at this graph that shows how the dollar has lost ground against Bitcoin over time.

 

In April 2011, with $1 you could buy 100,000,000 Satoshi, which is equivalent to 1 BTC.

Today, with the same dollar, you can buy something like 3,000 Satoshi or 0.00003 bitcoin. 

In just 1 year, the dollar went from being able to buy 14,000 Satoshi (January 6, 2020), to just 3,000 (January 6, 2021).

That means a 78.5% reduction in purchasing power versus bitcoin.

Practically the USD WILL most likely win these competition, But the bitcoin train sails so good that it mostly outshines most other currencies. 

 

4 hours ago, YASIR KHAN said:

Wow that was just unpredictable. It's a huge rate I mean 78.5% is huge one. And I think that this difference will rise in future also. Because as we are encountering new workers on this forum and all around the planet we've seen that there is a huge increase in number of those people who are investing in btc in order to get benifit from it. 

The investment margin on bitcoin and other cryptocurrencies are steadily increasing 

[Dorjoy12 8962]

 us based dollars has nothing  to do in this case  because the investor of btc increasing up day by day so ofcourse  the usa  dollars need to have in a limit of its price  according to btc market..  Also now we have usdt coin which is more suitable  than usdc.. That is why crypto lover now focusing  on usdt more as it always  run with btc movement  @tienda

[Goopang 202]

If we compete bitcoin and usdollars we noticed that. 

1.USD is the best currency that is using as a bridge between fiat curriencies in digital curriencies. 

2.Bitcoin having good price at this time. 

3.USD is using for any type of online shopping. 

4.Bitcoin is also using for online shopping but we can use it for some particular platformes. 

 

[Hanbal 359]

On 1/11/2021 at 7:50 AM, tienda said:

According to the analysis between January 06, 2020, and January 06, 2021, Bitcoin rises in price relative to the dollar,

it means that the US currency loses value compared to the Bitcoin. 

Look at this graph that shows how the dollar has lost ground against Bitcoin over time.

 

In April 2011, with $1 you could buy 100,000,000 Satoshi, which is equivalent to 1 BTC.

Today, with the same dollar, you can buy something like 3,000 Satoshi or 0.00003 bitcoin. 

In just 1 year, the dollar went from being able to buy 14,000 Satoshi (January 6, 2020), to just 3,000 (January 6, 2021).

That means a 78.5% reduction in purchasing power versus bitcoin.

This is is amazing, this analysis clearly shows that USD will devalue against bitcoin perhaps bitcoin could overtake dollar currency in the future.

[Braulio Eurea 720]

Generally, the price of cryptocurrencies is given in US dollars, so when bitcoin rises in price, it has more value in dollars, that is, it takes advantage over the dollar, it could be said that the dollar loses value compared to bitcoin, because it is you have to pay more dollars for a bitcoin and the opposite also happens when the bitcoin falls in price the dollar strengthens, because less dollars are paid for a bitcoin, let's say that it is a natural competition between the dollar and the bitcoin and the others cryptocurrencies.

[Dang3r 103]

The bitcoin in addition to being a good investment as reflected in the graph, also represents what the economy could be in the future, that is, a virtual medium with an already defined and unalterable supply, in the case of the USD it is a currency with history defined by a group with the axis of global exchange that has lost strength in general, everything indicates that 2021 will be the worst year for the dollar and its hegemony may end

[Ridam 7455]

This is because of huge number of money printing happening this year. We can say thaf the USD value will even drop faster as the 2k$ stimulus check seems to be given in coming time. The inflation coming is great and its becoming the thing that making the Bitcoin even more stronger in price as usd worth is decreasing everyday.

[Obliv0n 333]

This event could be explained based on the supply, while the supply of btc is decreasing, the amount of dollars in circulation only rises due to the policies of the treasury department, this added to the fact that fame and adoption BTC is only growing while the dollar for many is becoming a headache.

[Serbberq 724]

Bitcoin and USD can't be compared because they all have different economy. They can influence each other in some instances but play different role in terms of demand and supply. 

[ibrahim halil anaç 138]

It is very difficult to predict that bitcoin will come to the current price in the past. Bitcoin continues to gain in value day by day. Many experts comment on the price value it will reach in the future. But it shouldn't be hard to guess that; The strongest money of the future will be bitcoin.

[Samotokika 1780]

On 1/11/2021 at 8:50 PM, tienda said:

According to the analysis between January 06, 2020, and January 06, 2021, Bitcoin rises in price relative to the dollar,

it means that the US currency loses value compared to the Bitcoin. 

Look at this graph that shows how the dollar has lost ground against Bitcoin over time.

 

In April 2011, with $1 you could buy 100,000,000 Satoshi, which is equivalent to 1 BTC.

Today, with the same dollar, you can buy something like 3,000 Satoshi or 0.00003 bitcoin. 

In just 1 year, the dollar went from being able to buy 14,000 Satoshi (January 6, 2020), to just 3,000 (January 6, 2021).

That means a 78.5% reduction in purchasing power versus bitcoin.

Dude both currencies are the top currencies of digital currencies and Fait currencies respectively but both of them are very important and good way of earning we cannot say that BTC is much more higher than you USD or vice versa because both have them their own advantages and disadvantages

[abdullah553 1981]

On 1/11/2021 at 5:50 PM, tienda said:

According to the analysis between January 06, 2020, and January 06, 2021, Bitcoin rises in price relative to the dollar,

it means that the US currency loses value compared to the Bitcoin. 

Look at this graph that shows how the dollar has lost ground against Bitcoin over time.

 

In April 2011, with $1 you could buy 100,000,000 Satoshi, which is equivalent to 1 BTC.

Today, with the same dollar, you can buy something like 3,000 Satoshi or 0.00003 bitcoin. 

In just 1 year, the dollar went from being able to buy 14,000 Satoshi (January 6, 2020), to just 3,000 (January 6, 2021).

That means a 78.5% reduction in purchasing power versus bitcoin.

Yes, indeed, bitcoin today rose significantly against the dollar and other currencies. I think that the rise is related to the currency, not to the dollar’s decline

[Froshk 1828]

6 hours ago, abdullah553 said:

Yes, indeed, bitcoin today rose significantly against the dollar and other currencies. I think that the rise is related to the currency, not to the dollar’s decline

Offcourse theirs a relationship between the rise in bitcoin and the decline in the dollar rates, largely because most investors uses the dollar when purchasing bitcoin. 

[Syedbesharat 5423]

This Is quit interesting comparison you have present where the dollar goes weak against BTC the same dollar was high against BTC and now the amount you will get is reduced. If this keep up sooner the U. S will adopt the BTC as payment or bring the Digital U. S Dollar in market. Because the BTC is not going slow after breaking the last time highest price. The U. S have sense the danger and preparing new digital polices to control their power. 

[P A Ashif 2409]

Well let me tell something.  Crypto are very much volatile and Currencies are very stable. So we can't compare them with crypto on that basis. Both of them have its own positive and negative parts. Its the situation that make us to choose from them. But I can assure a fact that fiat will never be removed neither crypto. But crypto is a future currency. 

[cryptovlek 2597]

On 1/11/2021 at 5:50 PM, tienda said:

it means that the US currency loses value compared to the Bitcoin. 

Bitcoin is the perfect currency to hold to not allow anything bad happen to our money. We could held gold but why? We have Bitcoin that is a secure network, we will pay less for fees than gold, less for security, and we are able to sell instantly if we like, without having to sell bellow market price. Bitcoin is the ultimate asset and currency, there is nothing better for the time being.

[taurus27 72]

Hello my dear friends, the crypto market and its currencies are very volatile. As a result we cannot predict that the other moment if the currency goes up or goes down too far. But in place of dollar also we cannot predict but our predictions will be a very much smaller difference.

But in the other side Bitcoin will rule the cryptocurrency, but it cannot overrule dollar because it is on two parallel worlds.

[Khan 1414]

USD is stable as compared to the BTC and it will be superior until USD is completely converted into digital currency but again the BTC has a high demand and high price.

[JesusFries 1958]

Well, honestly there's no competition between USD and bitcoin, we all know that bitcoin can exchanged into USD and bitcoin is volatile, it can be changed it's price depends on it's demand, bitcoin increased it's value for itself and there's no USD involved.

[Raqeebzy 6456]

On 1/11/2021 at 4:50 PM, tienda said:

April 2011, with $1 you could buy 100,000,000 Satoshi, which is equivalent to 1 BTC.

Today, with the same dollar, you can buy something like 3,000 Satoshi or 0.00003 bitcoin. 

In just 1 year, the dollar went from being able to buy 14,000 Satoshi (January 6, 2020), to just 3,000 (January 6, 2021).

That means a 78.5% reduction in purchasing power versus bitcoin.

How time changes. BTC is seriously created against inflation and even in years to come, it will surely rise against fiats (not particularly dollars alone) even if it is stable, which of course can never be. 

And also, over the years, printing of USD has not cease. That also provides more stronghold for BTC against dollars. Wait till successful transition, Biden might be up to something.

[yonkii 3205]

If the trend continues a few satoshi only will be one dollar. Perhaps 100 satoshi, so we should keep trying to increase our Bitcoin beause the trend in this dollar sign above is obvious. The currencies we use are having high inflation and going to be worth lower, while Bitcoin will be higher. I'm bullish on the long term on the best performing asset of the previous decade and hope it will also be the same for this decade. 2020-2030 will be the decade when Bitcoin will become established.

[betelihem 4766]

On 1/11/2021 at 6:50 PM, tienda said:

According to the analysis between January 06, 2020, and January 06, 2021, Bitcoin rises in price relative to the dollar,

it means that the US currency loses value compared to the Bitcoin. 

Look at this graph that shows how the dollar has lost ground against Bitcoin over time.

 

In April 2011, with $1 you could buy 100,000,000 Satoshi, which is equivalent to 1 BTC.

Today, with the same dollar, you can buy something like 3,000 Satoshi or 0.00003 bitcoin. 

In just 1 year, the dollar went from being able to buy 14,000 Satoshi (January 6, 2020), to just 3,000 (January 6, 2021).

That means a 78.5% reduction in purchasing power versus bitcoin.

I don't think the price of USD falls i think the right word is the price of Bitcoin rises that mean the value of bitcoin rice like gold or a car, if you compare this two different things and say USD value decrease then you may also have to say the value of all fiat currency's decreased because Bitcoin value increased in all fiat currency's. you can check BTC to Euro or BTC to peso or other currency.

[maarcoferrer 1096]

The truth is that this comparison is very interesting in that new people who are getting familiar with BTC and cryptomonies can see how many times Bitcoin has gone up and how a decentralized currency is having so much success and increase this year. What's important is that most people get into it with a good education.

[percare 3192]

There are two ways that Bitcoin is rising, one is because investors buy Bitcoin and the other is because dollar losses value. Sometimes the dollar price also helps Bitcoin and looking at the chart of euro to usd and other currencies, the dollar is weakening very fast.