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Author Topic: Do you think bitcoin can end the dollar’s reign?  (Read 10126 times)

Offline Vx1

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #120 on: April 18, 2021, 11:55:37 PM »
Bitcoin and Dollar will both exist and each of them will run according to its function, Dollar is the real currency that we will use in transacting in buying and selling and so on.  While Bitcoin is a digital currency that can also be used as a means of buying and selling transactions, Bitcoin can only be accessed by the Internet. Bitcoin will not replace the dollar because we will always need it.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #120 on: April 18, 2021, 11:55:37 PM »

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Offline lepbagong

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #121 on: April 19, 2021, 02:46:23 AM »
Bitcoin and Dollar will both exist and each of them will run according to its function, Dollar is the real currency that we will use in transacting in buying and selling and so on.  While Bitcoin is a digital currency that can also be used as a means of buying and selling transactions, Bitcoin can only be accessed by the Internet. Bitcoin will not replace the dollar because we will always need it.
yes, two different sides of the system alone, but its use can clearly be used for all purposes related to the economy. agree with your explanation that one is tangible (US $) and one is not visible (Bitcoin). because the regulation that has happened is that the US $ already exists, but bitcoin is not like that, there are still many countries that have not given clear recognition.

let these two different sides keep going with what can be done and let them support each other for broader interests which can fill in the gaps that might occur between them. because by being able to provide mutual support, it will be able to be an advantage for those who use it.
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Offline Bliznec

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #122 on: April 19, 2021, 11:32:12 AM »
I do not think that bitcoin can "take away" the dollar so that it does not exist. Here, along with fiat funds, this can happen so that the dollar and bitcoin are together. Soon, when the capitalization of bitcoin reaches its maximum, then something like that will happen.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #123 on: April 20, 2021, 09:36:11 AM »
Bitcoin and Dollar will both exist and each of them will run according to its function, Dollar is the real currency that we will use in transacting in buying and selling and so on.  While Bitcoin is a digital currency that can also be used as a means of buying and selling transactions, Bitcoin can only be accessed by the Internet. Bitcoin will not replace the dollar because we will always need it.
I think I agree with this in many ways. While both Bitcoin has come to perform just about every feature that the Dollar does, they are still two different entities in two different spheres and even though people are wondering whether Bitcoin will eventually replace or end the Dollar, but i dont see this just because of simply, the Monetary Policies. 

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #124 on: April 20, 2021, 12:50:00 PM »
The dollar is the centralized currency.  However, the use of cryptocurrency is increasing day by day.  However, we calculate cryptocurrencies in dollars.  Many people around the world are buying cryptocurrencies in dollars, causing the dollar to depreciate.  But the use of the dollar will never end
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #125 on: April 21, 2021, 01:25:14 AM »
I don't think the demand for the bitcoin dollar can end, because the dollar is an economic system that keeps the country's economy afloat.Different professional people can easily transact in all areas of the country through dollars. If Bitcoin is approved worldwide, the use of the dollar may be reduced somewhat.
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Offline lepbagong

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #126 on: April 21, 2021, 02:23:04 AM »
I don't think the demand for the bitcoin dollar can end, because the dollar is an economic system that keeps the country's economy afloat.Different professional people can easily transact in all areas of the country through dollars. If Bitcoin is approved worldwide, the use of the dollar may be reduced somewhat.
the recognition of US $ dollars has clearly become a global transaction and has always been the benchmark for other currencies as well, almost all transactions can use US $. different from bitcoin, although its speed and easier transactions, have not been recognized by all countries. because some obvious obstacles are regulations that have not been implemented by the country.
let two different systems run according to the existing one and bitcoin only provides support and supports each other
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #126 on: April 21, 2021, 02:23:04 AM »


Offline Suma Islam

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #127 on: April 21, 2021, 03:17:17 AM »
we must also realize that it will take a longer time if at all before it could be accepted in every day shopping stores plus my biggest concern actually is the Government not allowing this to happen ever

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #128 on: April 21, 2021, 07:47:43 AM »
 cryptocurrencies in dollars.  Many people around the world are buying cryptocurrencies in dollars, causing the dollar to depreciate.If Bitcoin is approved worldwide, the use of the dollar may be reduced somewhat

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #129 on: April 21, 2021, 07:58:35 AM »
cryptocurrencies in dollars.  Many people around the world are buying cryptocurrencies in dollars, causing the dollar to depreciate.If Bitcoin is approved worldwide, the use of the dollar may be reduced somewhat
maybe it is not as easy as seeing everything in one side only, it must be seen from all aspects so that it can fulfill all the elements so that it is worthy of being said as one of the conditions so that it can be said to be appropriate and worthy of being used as a legal instrument throughout the world. The dollar has been around for a long time and it will take a while to become a legitimate world currency. Likewise, bitcoin must also meet these criteria, so that it can be used as a world currency.

but there are indeed two different sides between US $ dollars and bitcoin where let them work with the existing system and not be put together but let it be used to fill the gaps between them.
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #130 on: April 21, 2021, 11:58:36 AM »
The dollar is the centralized currency.  However, the use of cryptocurrency is increasing day by day.  However, we calculate cryptocurrencies in dollars.The dollar has been around for a long time and it will take a while to become a legitimate world currency. Likewise, bitcoin must also meet these criteria, so that it can be used as a world currency.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #131 on: April 21, 2021, 12:19:10 PM »
The dollar is the centralized currency.  However, the use of cryptocurrency is increasing day by day.  However, we calculate cryptocurrencies in dollars. Bitcoin can only be accessed by the Internet. Bitcoin will not replace the dollar because we will always need it
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #132 on: May 08, 2021, 02:07:07 PM »
The dollar is the centralized currency.  However, the use of cryptocurrency is increasing day by day.  However, we calculate cryptocurrencies in dollars. Bitcoin can only be accessed by the Internet. Bitcoin will not replace the dollar because we will always need it

That cryptocurrencies are calculated in dollars does not matter, we could also calculate them in rubles or yen, the dollar is used because it is the most used in world markets. And with the strength that the Chinese yuan has been gaining in recent years, I wouldn't be surprised if that changes in the not too distant future.
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #133 on: May 08, 2021, 05:34:18 PM »
It is true that Bitcoin is of great value and potential keeps increasing. But the first cryptocurrency is highly decentralized, as it can't be controlled then no government will give it the power to end the use of their fiat.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #134 on: May 08, 2021, 07:31:49 PM »
I am just being curious here, guys with the increasing interest on bitcoin/altcoins this days, I think the dollar era may deminish or possibly come to an end some day.
The dollar has been the world’s reserve currency for 100 years, but fearful that central banks led by the US Federal Reserve are debasing the value of their currencies, many people have bought bitcoin in bulk since early this year, and hopefully more prominent persons may come on board the the crypto space. Do you think the era of the dollar may end in near future? Thanks for your thought.


Cryptocurrency is still not legal in most countries of the world, far from stopping the exchange of dollars or paper notes.  Maybe in the future almost all countries will approve bitcoin or cryptocurrency but in all cases it will not be possible to use or transact.  I think maybe different countries of the world can officially launch their own digital currency but it will not be possible to use bitcoin or cryptocurrency as the currency of transaction in all cases so the era of dollar will not be due to cryptocurrency or bitcoin.

 

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