#bitcoin to usd

[unpluggedfinancial]

The Services of Money: A Comparative Analysis of Bitcoin, Gold, and USD

Introduction

Money, in its various forms, plays a fundamental role in our daily lives, serving as a medium of exchange, a store of value, and a unit of account. Over the centuries, different forms of money have emerged, each offering unique advantages and drawbacks. In this blog post, we will explore the essential services that money provides: portability, durability, recognizability, scarcity, and divisibility. We will then compare these services across three prominent forms of money: Bitcoin (BTC), gold, and the US Dollar (USD).

The Essential Services of Money

Portability refers to how easily money can be transported and transferred from one place to another. It's crucial for facilitating trade and commerce in a globalized world. Imagine needing to carry a significant amount of gold for a transaction—it's cumbersome and impractical. This is where the ease of transporting digital currencies like Bitcoin or even digital USD can be a game changer.

Durability is the ability of money to withstand wear and tear over time. Durable money maintains its physical form and value, ensuring it can be used repeatedly without deteriorating. Gold is incredibly durable, maintaining its luster and form over centuries. In contrast, physical USD notes can wear out, but digital USD remains intact and Bitcoin, being purely digital, doesn’t degrade at all.

Recognizability means that money is easily identifiable and accepted by people. This ensures that money can be trusted and used for transactions without extensive verification. Gold’s historical status gives it unparalleled recognizability, while the USD’s global use ensures it is accepted almost anywhere. Bitcoin, though newer, is rapidly gaining recognition as more people and institutions accept it.

Scarcity refers to the limited availability of money, which helps maintain its value. Money that is too abundant loses its value, while scarce money retains or increases in value over time. Gold’s natural scarcity has preserved its value for millennia. Bitcoin’s fixed supply cap of 21 million coins ensures its scarcity, driving its value. The USD, however, can be printed in large quantities, which can lead to inflation and a decrease in its value.

Divisibility is the ability to divide money into smaller units to facilitate transactions of varying sizes. This allows for precise pricing and exchange, catering to different economic needs. The USD is easily divisible into cents, making it convenient for all transaction sizes. Bitcoin is highly divisible down to eight decimal places (satoshis), and can be further divided through soft forks if necessary. Gold, on the other hand, is not easily divisible for practical everyday use.

Comparative Analysis

Bitcoin excels in portability, being entirely digital and capable of being transferred globally within minutes without the need for physical transportation. Its durability is unmatched as a digital asset that does not degrade over time, existing on the blockchain to ensure its longevity and integrity. The recognizability of Bitcoin has grown significantly, with increasing acceptance by merchants, investors, and institutions worldwide. Its scarcity is a defining feature, with a fixed supply cap of 21 million coins, making it highly valuable. Bitcoin is also highly divisible, down to eight decimal places, and can be soft forked to allow for infinite divisibility, ensuring it can meet any future transactional needs.

Gold, while less portable due to its weight and bulk, remains incredibly durable, resistant to corrosion and tarnish, ensuring it retains its physical form over centuries. Its historical and universal recognition as a store of value is unparalleled, trusted and accepted globally. The natural scarcity of gold, with limited new discoveries and mining, helps maintain its value over time. However, dividing gold into smaller, practical units for everyday transactions is challenging, limiting its use as a daily medium of exchange.

The USD is relatively portable, with physical cash being easy to carry, and digital transactions facilitating global transfers. While physical USD notes and coins are durable to an extent, they do wear out and need replacement; digital USD, however, is virtually indestructible. As the world’s primary reserve currency, the USD is widely recognized and accepted for international transactions. The Federal Reserve controls the supply of USD, and while it is abundant, inflation can erode its scarcity and value. The USD is highly divisible into smaller denominations, making it convenient for transactions of all sizes.

Conclusion

Each form of money—Bitcoin, gold, and USD—excels in different areas of the essential services money provides. Bitcoin stands out for its portability, divisibility (with the potential for infinite divisibility through soft forks), and fixed scarcity, making it a strong contender in the digital age. Gold remains unparalleled in durability and historical recognizability but faces challenges in portability and divisibility. The USD, while highly portable and divisible, grapples with issues of inflation that impact its scarcity and long-term value.

As we look to the future of money, understanding these characteristics helps us appreciate the unique strengths and weaknesses of each form. Whether one will ultimately prevail over the others remains to be seen, but the evolution of money will undoubtedly continue to shape our economic landscape.

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How To Buy Crypto Currency

A lot of people are asking how to buy crypto currency, especially when there are so many different exchanges. There are actually two main ways you can go about buying crypto currency. You can either use an exchange like Coinbase or Gemini, or you can go to a local shop and trade in cash for crypto. The first option is much more convenient as you don't need to worry about getting your coins to the exchange, but it also means that you'll be paying a higher commission fee to the exchange.

When you're looking at buying crypto currency, you should always check out the fees that you'll be charged by the exchange. Many exchanges charge a small percentage, usually between 1% and 3%, while others may charge a flat fee for every transaction. If you want to save money, then look for an exchange that charges no fees at all. However, if you want to get in and out quickly, then you may have to pay a small fee.

Another thing you should look at is the minimum amount of crypto you can purchase. Some exchanges will allow you to buy smaller amounts of crypto currency, while others will only let you buy larger amounts. So, if you want to make a quick purchase, you'll need to find an exchange that allows you to do this.

You should also look at the number of coins you can buy. Some exchanges only allow you to buy one coin, while others let you buy multiple coins at once. This means that if you want to make a large purchase, you may have to do several transactions. You may also have to wait for the coins to arrive before you can transfer them into your account.

If you're not sure what you want to buy, you can also just check out the prices of the different coins. Many exchanges let you compare the prices of various coins so you can see which ones are most valuable. This can help you decide which coin to buy, or you may even be able to pick up a few coins at a lower price than the market rate.

Buying crypto currency isn't always easy, but it's definitely worth the effort. Just keep these tips in mind when you're looking for an exchange.

https://popscrypto.com/index.php/2022/12/24/how-to-buy-crypto-currency-2/

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[ladookhotnikov]

Robert Kiyosaki Called the US Dollar Trash, but Forgot One Thing

This time Robert decided to finally bury the US dollar. But before that, he gave another speech. According to him, it turns out that neither Trump nor Harris will solve the problem of the US national debt of 35 trillion dollars. And we thought that they would sit up at night and count every penny to pay off China.

Well, almost everyone knows that interest on debt is America's largest expense item. But America will not be America if it does not owe someone. It is like a relative who constantly asks for a loan before the first paycheck: you can't refuse, and you don't want to give it to him, because you know that he will not return it.

Kiyosaki did not stop there and taught a lesson in mathematics: if you spend a dollar a minute, it will take 31 thousand years to spend 1 trillion. And Robert will finish it all with the phrase: "...We are finished. The dollar is trash." No one has ever heard such a deep analysis of the global economy in one sentence. A Nobel Prize for this gentleman!

Of course, you and I roughly understand that the global economy is a little more complicated than “the dollar is bad, bitcoin is good.” But isn’t it nice to sometimes believe in simple solutions to complex problems?

Especially when these solutions so conveniently confirm our own views on crypto and traditional finance. After all, you and I know that the future belongs to cryptocurrencies? And Kiyosaki simply voiced what we’ve always thought.

[cryptonewscentral]

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[amaramartin1]

"Making Your Money Moves: The Ultimate Guide to Exchanging PayPal to Skrill"

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Skrill USD to Bitcoin BTC Exchange

Looking to exchange Skrill USD to Bitcoin BTC? Look no further than ChangeBlast! With years of experience in the industry, ChangeBlast is known for providing reliable and efficient exchange services. Whether you're a seasoned trader or new to the world of cryptocurrency, ChangeBlast makes the process seamless and hassle-free. Join countless satisfied customers who have trusted ChangeBlast for their Skrill USD to Bitcoin BTC exchanges. Experience the best in the business with ChangeBlast – your go-to platform for all your cryptocurrency needs!

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Bitcoin $69000

[dencyemily]

Bitcoin Bargain: Glassnode Finds 87% of BTC Purchased Below $48,000

Glassnode, a leading provider of on-chain and financial metrics analysis, has disclosed key insights into the Bitcoin market, shedding light on a solid foundation beneath current high valuations. The data reveals that a substantial 87% of Bitcoin was acquired at prices below $48,000, showcasing a resilient base held by investors who entered the market at lower valuations. Notably, a concentration of short-term holder supply lies within the $40k to $45k range.

Further examination underscores the position of long-term holders, currently retaining 13% of the supply at a loss, having predominantly purchased at the market peak in 2021 around the all-time highs. This divergence in short-term trading behaviors and long-term investment strategies highlights the nuanced dynamics within the Bitcoin ecosystem.

Crypto analyst Ali Martinez has highlighted an intriguing trend among Bitcoin whales. Over the past ten days, these influential investors significantly expanded their portfolios, acquiring more than 100,000 BTC, valued at approximately $5 billion. This substantial acquisition signals a bullish sentiment from some of the market's most impactful players.

Assessing Bitcoin's current market performance, it is trading above the $52k threshold despite some sideways movement. The bulls have successfully pushed BTC back above $52k, currently trading at $52,105, indicating a gain of 0.25% in the past 24 hours.

From a technical standpoint, BTC exhibits a robust bullish trend. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) support the ongoing upward trajectory. The RSI, positioned in the overbought region at 81, suggests strong buying pressure that could potentially drive the price to break the current resistance, aiming for new highs.

The MACD indicator reinforces a solid bullish trend, with the MACD line consistently above the signal line, and positive green bars dominating the histogram. Most moving average oscillators suggest a buy signal, with the 10-day Exponential Moving Average (EMA) at 49,167.

[bydficom2]

BYDFI Crypto: Pioneering the Future of Digital Finance

In the ever-evolving landscape of cryptocurrencies, BYDFI stands out as a trailblazer, reshaping the future of decentralized finance (DeFi). With a commitment to innovation and community empowerment, BYDFI Crypto introduces a new era of financial possibilities. From its groundbreaking technology to its community-centric approach, this crypto gem is set to redefine how we transact and invest in the digital age. Join us as we delve into the world of BYDFI, uncovering the potential it holds for revolutionizing the way we experience and engage with finance in the 21st century.

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Ferrari has announced its decision to accept payments in the form of cryptocurrencies for its luxury cars.