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Author Topic: Can dollar be replaced?  (Read 11799 times)

Offline Thymoty

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Re: Can dollar be replaced?
« Reply #15 on: December 12, 2020, 05:38:35 PM »
For now I don't think the dollar can be replaced by any payment, for several reasons. But in the future, I believe that the dollar can be replaced.
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Re: Can dollar be replaced?
« Reply #15 on: December 12, 2020, 05:38:35 PM »

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Offline Gurujebs

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Re: Can dollar be replaced?
« Reply #16 on: December 12, 2020, 05:58:26 PM »
Just Another conspiracy with huge magnitude without direction. Despite their downturn and economic collapse, do you really think US will continue to sit down and watch another country take down their currency? Capital No!!!
We should forget about what read and see in the news and media, forget the political difference in their nation, they are as strong as lion who always and continue to rule the jungle.

That's my opinion.
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Offline Tnoy30

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Re: Can dollar be replaced?
« Reply #17 on: December 12, 2020, 06:44:22 PM »
I don’t think it’s possible to replace the dollar. Because it has already been able to gain popularity all over the world. So I think the use will be worldwide. So replacement is not possible. However, we should think about this issue in the future.

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Re: Can dollar be replaced?
« Reply #18 on: December 12, 2020, 08:19:16 PM »
If I may get you mean replacing dollar with cryptocurrency. That will take a long while to happen because even the internet is still not widely spread. Dollars will continue to rule for now.
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Re: Can dollar be replaced?
« Reply #19 on: December 12, 2020, 08:24:23 PM »
Most countries accept dollars. Any local money exchange provides dollars. Every country has an ambassador. However, the dollar is much more popular around the world. However, it is unknown at this time what he will do after leaving the post.

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Re: Can dollar be replaced?
« Reply #20 on: December 12, 2020, 09:00:38 PM »
I think cryptocurrencies are the most common in the world. However, the US dollar has been officially legalized worldwide. Much more popular around the world. So I don’t think it will be able to replace in the future.
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Re: Can dollar be replaced?
« Reply #21 on: December 12, 2020, 09:45:58 PM »
The US dollar is accepted by people all over the world. Because it is possible to trade dollars from different countries of the world. However, the current cryptocurrency is the most popular in the world. However, I have no idea whether any currency will replace the dollar in the future.

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Re: Can dollar be replaced?
« Reply #21 on: December 12, 2020, 09:45:58 PM »


Offline bigcash2011

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Re: Can dollar be replaced?
« Reply #22 on: December 12, 2020, 10:53:07 PM »
If you read Microstrategy's CEO statement, he is worried about inflation and decaluation of usd that is why they are ready to move fully into bitcoin and this just signifies that usd is moving towards longterm weakness.

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Re: Can dollar be replaced?
« Reply #23 on: December 12, 2020, 11:16:07 PM »
Actually it could happen. Moreover, China is like fighting the USD openly and seriously. In this case, they consider that the USD has had power for too long and dominate currencies around the world. We know how strong and powerful China is in the world. So maybe this could happen in the next few years if China is serious and wants to go beyond it.
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Re: Can dollar be replaced?
« Reply #24 on: December 12, 2020, 11:28:03 PM »
There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency.
It is possible, moreover now they have Digital Yuan. But it should be not easy to replace dollars because the US government won't let China lead the world's currency. Let's see what the US government plans to compete with China. I think there will be a big plan to apply in the near future.

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Re: Can dollar be replaced?
« Reply #25 on: December 14, 2020, 10:17:09 AM »
I think these questions should be when USD will be replaced. This happens many times before in our history. Gold is replaced by petro dollars and petrodollars will also be replaced by digital currency or electronic money one day. People like to use what is convenient for them and in this case, crypto is the winner.
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Offline Cinno3

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Re: Can dollar be replaced?
« Reply #26 on: December 14, 2020, 11:43:59 AM »
china wants to introduce its own country currency worldwide. But the dollar is now very popular as a currency around the world. One step ahead in the popularity of the dollar. So I think the dollar will have popularity all over the world. Will get china currency and popularity in the future.
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Offline Arendra

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Re: Can dollar be replaced?
« Reply #27 on: December 14, 2020, 12:29:05 PM »
I don't think these dollars can be replaced by anything. Especially by crypto which has not received approval from all countries. Dollars are a very strong currency, and indeed their range is worldwide. So it will be difficult to replace.
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Offline smart_oa

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Re: Can dollar be replaced?
« Reply #28 on: December 14, 2020, 01:34:55 PM »
Gold was once reserved funds for every country. Later on, the USA replace the petrodollar with gold. Till now it still the same but this will also be replaced with something else. Thats how it happens every time we have seen from the past. I think BTC can be used as reserve funds like how we have used it with gold before.

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Re: Can dollar be replaced?
« Reply #29 on: December 14, 2020, 01:48:22 PM »
There will come a time when the dollar will be replaced by another currency, and it will become a great history of world finance. But for now the dollar is still an idol, even though now China continues to develop its Yuan currency.
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