Re: BTC vs USD - Which one is better?

Quote from: marketingnerd on May 22, 2019, 01:58:23 PM

These guys have some interesting stuff going on here https://cryptotradernews.com/cryptocurrency/bitcoin-vs-usd-for-storing-value-purposes/

Today, I would personally pick USD as it can be used world wide and for a variety of purposes. However, if BTC were to stop being JUST a speculative asset I would contemplate making the switch. I like being in control of my cash without having to depend on some greedy bank!

Thoughts?

That would be nice to have BTC be as versatile and widely accepted at the USD. There would have to be several very big hurdles it would have to get over.

1. One is price stabilization. It needs to be stable. I read an article yesterday that Bitcoin jump $1000 in 20 minutes https://finance.yahoo.com/news/bitcoin-price-jumps-1-000-170929308.html.

2. hmmmm, now that I think about it, if we got over the hurdle of 1 most of the other hurdles would go away.