The US dollar has been dictating most of the trades world wide from crude oil to anything. Is there a possibility that it will dominate in the trading of Bitcoin?
If I am correct the US dollar is already dominating the Bitcoin trading because most people are selling there Bitcoins against the US dollar.
I think that this is going to be the same for a long time I do not see any reason why people would trade in for a other currency.
But the reason they're selling their bitcoin thru usd is to make a profit and there's no other reason anymore why they sell their coins. It wasn't dominating the bitcoin at all, they're just being clever because they dont want to miss the chance to profit.
thats true, most of the people that are involved in bitcoin trading or the people that use bitcoins are into it just to make a lot of profit in fiat, and in my opinion its not a good thing
i hope that in the near future bitcoin will replace the dollar and people will use bitcoins to buy dollars as dollar will be rarer than bitcoin, though those are my dreams only
I've been dreaming on that too and I hope my dream will not just be a dream and I want it to be in reality. But all this time I really believe that bitcoin or any digital currency will replace our international paper money, once we see or people see the collapse on our economy people will look for another strong currency. I hope that they will look for the right one, bitcoin.