Do you think bitcoin can end the dollar’s reign?

[therozaq]

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.

By seeing the bitcoin progress now, I think Bitcoin has potential to do it.Bitcoin can end the dollars reign. Bitcoin is very potential and profitable for investment now. Bitcoin popularity will increase with the time and replace the dollars.

[lepbagong]

Bitcoin will indeed be the currency of the future with many advantages compared to the dollar, but I think the dollar is a currency that will be difficult to get rid of.  So even if one day Bitcoin reigns supreme in world finances, the dollar will still be there.

of course we are happy that in the end crypto will be used as a reference for the world economy with bitcoin, but it may take a lot of time because there are still many countries that have not recognized it because there are no regulations on crypto. many countries are still afraid of the misuse that occurs with crypto because it is still widely used as a money laundering agent from drug trafficking and corruption, which are the country's main enemies so far.
maybe if they already have a network that can handle it at least something will change.

but if bitcoin will replace US $, of course it will be very difficult because there are two different systems and it is impossible to work together but if you support each other and complement the shortcomings of each, maybe it will happen.

[Rokis]

Maybe he has every chance of doing it. But for now, the dollar will not disappear. Very significant events must occur for the system to collapse and the dollar to lose its monetary power.

[EthereumDev_]

Maybe he has every chance of doing it. But for now, the dollar will not disappear. Very significant events must occur for the system to collapse and the dollar to lose its monetary power.

well what you say is very true and I really agree because so far many dollars are still using and only making bitcoin as an alternative payment because there are still few who use bitcoin as a legal digital currency.

[gqinyot]

Maybe he has every chance of doing it. But for now, the dollar will not disappear. Very significant events must occur for the system to collapse and the dollar to lose its monetary power.

well what you say is very true and I really agree because so far many dollars are still using and only making bitcoin as an alternative payment because there are still few who use bitcoin as a legal digital currency.

So to end a ghost coin in every country that can use them it takes a lot of time, but I believe in the future Bitcoin price will increase faster and grow stronger next year.

[msz900]

So to end a ghost coin in every country that can use them it takes a lot of time, but I believe in the future Bitcoin price will increase faster and grow stronger next year.

Bitcoin price has been increased more than expected price for 2020 and now the price is dropped almost $10k within 24 hours because "some News" says that $150 billion is wiped from the cryptocurrency.

[dodok]

If in my opinion the dollar will not be able to collapse because the dollar has been recognized by the world as legal fiat money for payment, while crypto in the world's currency is because crypto has not been recognized as a legal fiat currency for payment, that is one reason why the dollar cannot collapse  .

[aarif123]

I agree that dollar may come to an end in future but according to my knowledge this thing is not possible in the next 10 years because bitcoin is very early stage I think it will take 20-30 years.

[Proton]

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.

By seeing the bitcoin progress now, I think Bitcoin has potential to do it.Bitcoin can end the dollars reign. Bitcoin is very potential and profitable for investment now. Bitcoin popularity will increase with the time and replace the dollars.

Bitcoin has some price influence on the dollar, but it cannot stop its dominance. Bitcoin and other decentralized cryptocurrencies will not be supported by governments. They will continue to use fiat and their central bank stable currencies. If the dollar will lose its dominance in the global financial system, it will be for other reasons.

[alltalk]

I never think that Bitcoin can totally replace dollars or fiats in the future. I am sure we still need fiats and dollars in the future because of the needs. In fact, people cannot use digital money everywhere, not all countries in the world having the capacity of good technology or internet. This situation keeps people still using fiats for their daily transactions. We must be aware if still many countries in the world are in a crisis economy.

[pelana vreo]

The era of the dollar will definitely be replaced, this is just time, I will see in the future Bitcoin will become an investment choice because of its high price.
Speaking of dollars, chances are it could happen if
- International countries recognize Bitcoin as currency.
- All Banks accept BTC transactions
- All trading services accept BTC without restrictions.
- SEC / IMF agrees with Bitcoin's inclusion in the international trading list.

When the points above are fulfilled, we have slowly shifted the traditional transaction system, the dollar will still be there, but users ultimately want Bitcoin because it has a more valuable value.

[sampoerna]

is it about replacing fiat with Bitcoin?
Well, this is too difficult to be executed because fiat is something centralized, under the law of government that has very big power t do many things. And additionally, people are familiar with fiat. So, Bitcoin will never replace fiat but to accommodate other global transaction to make it easier, safer, and more trusted

[yetti]

is it about replacing fiat with Bitcoin?
Well, this is too difficult to be executed because fiat is something centralized, under the law of government that has very big power t do many things. And additionally, people are familiar with fiat. So, Bitcoin will never replace fiat but to accommodate other global transaction to make it easier, safer, and more trusted

replacing fiat with bitcoin will not give a good idea because so far not everyone understands the use of bitcoin and the supply that bitcoin has is too little it will make it difficult for many people to get and of course the transaction fees will be very expensive.

[Mbah Jenggot]

is it about replacing fiat with Bitcoin?
Well, this is too difficult to be executed because fiat is something centralized, under the law of government that has very big power t do many things. And additionally, people are familiar with fiat. So, Bitcoin will never replace fiat but to accommodate other global transaction to make it easier, safer, and more trusted

Yes I agree mate, bitcoin never replace fiat and dollar but will accommodate other global transaction to make easier, safer.  we all know bitcoin need online transaction, It should be supported by all countries.

[Power]

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.

By seeing the bitcoin progress now, I think Bitcoin has potential to do it.Bitcoin can end the dollars reign. Bitcoin is very potential and profitable for investment now. Bitcoin popularity will increase with the time and replace the dollars.

We all know that if we sale bitcoins and or any coins, the profit will exchange to fiat money. Fiat money is very useful in our daily needs. So for me there is possibility that fiat money will be diminished, but for now I can't see any reason to remove fiat money.