Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Anthony Estiva on November 07, 2020, 04:55:51 AM
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
No, bitcoin has no chance of that. Dominance in the world of finance usually refers to the price dominance of Bitcoin in the cryptocurrency market due to its high capitalization. In order to dominate conventional markets in terms of the volume of turnover, it is necessary that in this case, bitcoin displaces the common currency from circulation. that is, dollar, euro, pound and so on. However, bitcoin is not capable of replacing conventional currency. It is conceived only as an alternative means of payment, and not a replacement for the traditional payment system.
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I think that is not possible because until now cryptocurrency still cannot be used for many countries and will never be able to replace fiat money, bitcoin will still be an alternative for transactions in cyberspace.
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Actually, I can't say this because the dollar and euro are the real currency that is very dominant to more countries. So far, these two currencies have great power influencing the other currencies around the world. But here, I actually want to know, in what case it is will dominant? If it is about the value of each point and for investment, BTC may be higher.
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The euro and dollar can never be replaced by bitcoin or cryptocurrency because cryptocurrency is actually only used as a tool for making transactions.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
Hello mate ,above all currencies are stable and governments supports currencies. Above all currencies also support banks and others agencies but bitcoin a virtual currency which has no government support. So no dominance on dollars, euros and british pounds.
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Cryptocurrency was created and should work only as an alternative to the current financial system of society. It can only partially displace ordinary currency from circulation, but not replace it. Therefore, it cannot dominate the dollar, euro, pound, yuan or other common currencies of states. Moreover, states and their bodies will not widely use cryptocurrency. To do this, they will already have their own national digitized central bank currencies.
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Cryptocurrency was created and should work only as an alternative to the current financial system of society. It can only partially displace ordinary currency from circulation, but not replace it. Therefore, it cannot dominate the dollar, euro, pound, yuan or other common currencies of states. Moreover, states and their bodies will not widely use cryptocurrency. To do this, they will already have their own national digitized central bank currencies.
Yes sir you are right because when bitcoin will accept by all countries simultaneously then it would have possible to dominance british pounds,yuan, euros , dollars and others stables currencies.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
I think everything will happen mate, when Crypto currencies be accepted all countries. But I don't believe crypto currency can be dominant currency surpassing EURO and Dollar. I think they will have own crypto currency.
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Now bitcoin has too small capitalization compared to the dollar and EUR. Therefore, it is too early to say that bitcoin will overtake them.
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I think it will be difficult if this crypto can be used as currencies such as Euros or dollars. Because crypto does not have a uniform system, the price continues to rise and fall so that there is no benchmark. This will be difficult to implement as a payment method like most currencies.
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Many of the opinion that Bitcoin cannot be the dominant currency. And my opinion is the same and as the easiest reason is because Bitcoin does not exist in the form of objects like metal or paper. Meanwhile, US DOLLARS, EUROS AND BRITISH POUND have objects.
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I think until it is adopted at the state level in these countries, never! But if bitcoin gets acceptance, it will quickly win the place of the main world asset along with gold and others!
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Bitcoin has special advantages compared to the Dollar and Euro, although Bitcoin is not able to be more dominant than the two currencies, Bitcoin will still be chasing it a lot.
The main advantage that Bitcoin has is that Bitcoin can be used as an investment with a very high potential value, which Dollars and Uero don't have.
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Now, it is because not all countries accept cryptocurrency as payment methods. As in my country, crypto is only legal as asset, the digital asset, but not as a currency. In this case, the use of crypto as currency will be probably against the currency in each country and it will be very difficult to overcome it.
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I think that is impossible because cryptocurrencies that have a very limited supply will make it difficult to make cryptocurrency dominant. maybe by combining it would be great.
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In my opinion I think that's not going to be possible as its said for me I don't about another person because all these currencies mentioned here have their own uniqueness and what they represent for the world at large which I believe that U.s changes their dollar every year which makes its value to go up, cryptocurrency will always play its role very well.
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well, I really agree with what you say because until now it seems that bitcoin or cryptocurrency cannot be dominant because until now the dominant one is the dollar so keep calm because bitcoin will still be the most expensive of the two coins.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
When digital era coming , I think It is possible. Crypto currency will dominant currency surpassing EUROS and dollars, But maybe It will happen for the next ten years again. Because euro and dollar are more popular. So, it is difficult.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
When digital era coming , I think It is possible. Crypto currency will dominant currency surpassing EUROS and dollars, But maybe It will happen for the next ten years again. Because euro and dollar are more popular. So, it is difficult.
I think that the world is already on that brink, we need to think about the new financial system offered by bitcoin, because any difficulties with the economy, our government first of all solves by increasing the money supply. This does not save the situation, but only aggravates and at the same time devalues all the savings of citizens.
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Why Bitcoin can be dominant? I think Bitcoin to use as a currency isn't as many as Euro or Dollar. So, now isn't the time for Bitcoin to overtake Euro or dollar as the world's currency. Bitcoin is mostly used for digital assets in many countries around the world. Based on this fact, we shouldn't compare it to Euro or dollar as a currency.
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Not now, Euro and dollar are still dominant to use around the world. I don't see a chance for Bitcoin to surpass Euro and dollar this time. Moreover, in some countries in the world, Bitcoin is illegal to use as a currency. So, people only can use Bitcoin for digital assets only. This is the fact of Bitcoin.
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Cryptocurrency is like something new. But the currency owned by each country has been there for a very long long time ago. And can it really replaces this? Of course not. Or surpass it? Not at all. Currency is a means of transaction and payment method. But crypto still has several weaknesses as a payment method. So, for now, it cannot
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
You don't need to think about this, bitcoin and fiat are equally needed by everyone, they don't have to be dominant and superior because they both have their own advantages and disadvantages.
The world economy must adopt the cryptocurrency system to be able to develop to a higher level.
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No, cryptocurrency cannot be dominant in comparison with the common currencies of states, and even more so such as the dollar or the euro. Decentralized cryptocurrency is not at all intended to dominate the currencies of states, it is not capable of this, and states would never allow it. Cryptocurrency can only exist in parallel with the traditional currencies of states and it is no longer capable of it.
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Looking at Bitcoin that has been accepted by big companies like PayPal, I think Bitcoin will become Bitcoin, and will never compete with fiat currencies.
Although several countries have developed payment systems and smartphone applications such as Uber, the Fiat currency of each country has always been the government's full concern.
Bitcoin will one day become the most sought-after digital currency in the world, because Bitcoin is a very rare coin in the next 5 to 10 years.
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To be honest it is difficult to make it true. because we all know how the power of these two currencies. they are the biggest in the world, influencing many other currencies' value. However, difficult doesn't mean impossible. We don't know someday
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The euro and dollar can never be replaced by bitcoin or cryptocurrency because cryptocurrency is actually only used as a tool for making transactions.
You are right, the euro and the drum can never be replaced by cryptocurrency by bitcoin. I think cryptocurrency is used for transactions. The future of cryptocurrency is much better in the next few years.
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Now bitcoin has too small capitalization compared to the dollar and EUR. Therefore, it is too early to say that bitcoin will overtake them.
Bitcoin lags far behind when compared to the dollar and the euro. Bitcoin is expected to surpass the dollar and euro in the next few days. Bitcoin will reach their destination. Will occupy their specific place.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
So far this is good topic but the title must be change to something much better which focus on Bitcoin and Fiat.
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in my opinion bitcoin cannot replace fiat money, because not all countries can accept bitcoin, it is also very difficult to introduce bitcoin to the public, in my opinion bitcoin can only be used as an alternative payment and also used for investing.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
I think if we base on the current situation, It's not going to happen even in the near future, because central banks are already creating a digital version of their fiat currencies by using Blockchian so with that position I believe digital Fiat will catch up. to the cryptocurrency advancement.
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Cryptocurrency was created and should work only as an alternative to the current financial system of society. It can only partially displace ordinary currency from circulation, but not replace it. Therefore, it cannot dominate the dollar, euro, pound, yuan or other common currencies of states. Moreover, states and their bodies will not widely use cryptocurrency. To do this, they will already have their own national digitized central bank currencies.
Yes sir you are right because when bitcoin will accept by all countries simultaneously then it would have possible to dominance british pounds,yuan, euros , dollars and others stables currencies.
You are right, moderator brother, I agree with you. When Bitcoin is legalized all over the world, it will be possible for the Bitcoin dollar to pound the euro pound on other stable currencies.
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Of course, everything is possible, but to achieve such goals we will have to wait many more years, of course, because so far only few countries have legalized bitcoin and the whole world needs to legalize bitcoin and other cryptocurrencies, and this will take a lot of time, but in the future I think that there is such an opportunity.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
Yes ,I think Crypto currency can be the dominant currency and surpassing EUROS and dollars. But it will take several years again. Maybe when digital era coming, we will see Crypto currencies be dominant.
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The united states is far ahead in terms of crypto use most people use cryptocurrencies to convert dollars that's why the euros can never surpass cryptocurrencies are very influential and top all currencies. If a country uses the euro to issue its own currency it will take a long time to overtake crypto it is not easy to rise to the top like crypto.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
bitcoin is not created for that purpose neither bring down the countries currency instead it was created to support the shortcoming of the fiat currency. I believe the fiat and crypto currency will work hand in hand in bringing inefficient and reliable financial institution to the world.
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I think bitcoin has no change it has going steel because bitcoin are not allowed every country.it has illigal Manny countrys.so I think it's not possible.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
No, bitcoin has no chance of that. Dominance in the world of finance usually refers to the price dominance of Bitcoin in the cryptocurrency market due to its high capitalization. In order to dominate conventional markets in terms of the volume of turnover, it is necessary that in this case, bitcoin displaces the common currency from circulation. that is, dollar, euro, pound and so on. However, bitcoin is not capable of replacing conventional currency. It is conceived only as an alternative means of payment, and not a replacement for the traditional payment system.
I can't because it's difficult to do that because any currency in the world is always managed in terms of supply and demand. BTC or electronic currencies are always transparent and clear when it is always sticking to the market and its price is always decided by the user by trading. I believe in the future there will be more cryptocurrencies of the major nations will be accepted for global payments
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Of course, everything is possible, but to achieve such goals we will have to wait many more years, of course, because so far only few countries have legalized bitcoin and the whole world needs to legalize bitcoin and other cryptocurrencies, and this will take a lot of time, but in the future I think that there is such an opportunity.
In my opinion, the future is difficult for anyone to know. But I believe there will be 1 coin that all the countries of the world can use them to trade and circulate around the world. But it should be transparent and accepted by all countries of the world
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I can say the reason is still unclear right now but if we are going to measure the reason base on the popularity of bitcoin there will be a chance. In this case, we can't till when it will occur because we are talking here just about the possibility.
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I can say the reason is still unclear right now but if we are going to measure the reason base on the popularity of bitcoin there will be a chance. In this case, we can't till when it will occur because we are talking here just about the possibility.
The entire cryptocurrency market is too small when compared to traditional money. In addition, the cryptocurrency is very volatile and therefore it is not suitable for settlements between different countries of the world.
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Much more convenient for transactions than dollars and euros. Is at the top of popularity worldwide. I think the whole world will survive. Bitcoin is best for transactions. The dollar and euro transactions have lost a lot.
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All the mentioned Fait money has its own positions and the crypto currency has its own. Many countries are trying to introduce their own crypto currency because of the COVID-19.
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All the mentioned Fait money has its own positions and the crypto currency has its own. Many countries are trying to introduce their own crypto currency because of the COVID-19.
National currencies are depreciating and, in any case, every year more and more cryptocurrency users will increase. Based on this, the use of fiat currencies will be subject only to government requirements and nothing more.
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All the mentioned Fait money has its own positions and the crypto currency has its own. Many countries are trying to introduce their own crypto currency because of the COVID-19.
National currencies are depreciating and, in any case, every year more and more cryptocurrency users will increase. Based on this, the use of fiat currencies will be subject only to government requirements and nothing more.
It must be remembered that although crypto is very well known and very easy to use without limitation of area and time, it will always run into certain countries that have not recognized it as a legal means of payment because of course they have to require regulation to be accepted. so it is not easy to replace legal instruments such as dollars or euros. it still takes time to harmonize between countries in order to recognize it as a whole. because we have to admit that many countries are still afraid of crypto being accepted, money laundering from drug sales and corruption is hard to trace.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
When digital era come, I think crypto currency will surpass EURO and dollars. Because crypto currency is the future currency, No doubt about this technology. I always believed crypto currency will have bright future.
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It is now past the time of overtaking Fiat money from various small countries.
But to buy Euro and USD is difficult because these two currencies are very popular and have a large following.
It is difficult for cryptocurrencies to beat these two Fiats because cryptocurrencies can go up and down by themselves.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
When digital era come, I think crypto currency will surpass EURO and dollars. Because crypto currency is the future currency, No doubt about this technology. I always believed crypto currency will have bright future.
At the state level, this is likely to never happen. States will use their central bank stablecoins as well as various regional stablecoins. Decentralized cryptocurrency is more of a currency for people and for people.
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Bitcoin may be one of the currencies in the world, however, to be dominant than them? It will be impossible. As we know that fiat has been used for many times years ago and they are very usual with it. When it comes with the big changes of Bitcoin an also other cryptocurrencies so far.
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Bitcoin may be one of the currencies in the world, however, to be dominant than them? It will be impossible. As we know that fiat has been used for many times years ago and they are very usual with it. When it comes with the big changes of Bitcoin an also other cryptocurrencies so far.
Yes you are right, the government will against bitcoin and keep their fiat money..Because we all know fiat money has been used for many years. It is not easy to replace it. I think we will see the government create own crypto at the future.
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I think that it will not come, at least in the current 10 years. But we don't know about more than 10 years later. Why? Crypto is decentralzied mostly and the global government may not allow this as the first global payment or means for the transaction. fiat is powerful, backed by the government and they can do many things to make fiat still exist
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I think that it will not come, at least in the current 10 years. But we don't know about more than 10 years later. Why? Crypto is decentralzied mostly and the global government may not allow this as the first global payment or means for the transaction. fiat is powerful, backed by the government and they can do many things to make fiat still exist
Yes , I think you are right, It will not come.. And also don't believe the crypto currency be the dominant currency surpassing EUOROs and DOLLARs. It will take along years again, because bitcoin is decentralized platform. The government cannot control bitcoin.
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In the digital world it is possible that this can happen, because everyone in the digital world feels Bitcoin is indeed the best digital currency.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
Bitcoin's dominance can only be compared to other digital assets but if you are trying to compare it to fiat currencies like Dollars, Euros and Pounds it's not that fair. Decentralized volatile asset versus a centralized stable asset is different most especially in adoption. Maybe in the future Bitcoin is used in most transactions because we are going cashless.
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I highly doubt that this will ever happen. The cryptocurrency has no analogue in offline mode but the traditional currencies have paper versions. In addition, the concept of cryptocurrencies is still difficult for some people as not everyone understands what it is.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
For the value, I think It has passed. But For the popularity, I don't believe bitcoin will surpass dollar and euro. But I am think at the coming future, I believe crypto currency will be more popular and more be used than fiat money.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
As a prerequisite for the dominance of cryptocurrency in the global financial market, there should be no interest of states and their governments in the national currency and in the development of their own economy. Since we are unlikely to ever wait for this, then the dominance of bitcoin or other decentralized cryptocurrency is hardly worth counting on. States are still able to eliminate any possible threat to the existence of their currencies and the global financial system as a whole. So far, they do not see a threat to global financial stability from the side of cryptocurrency and this allows it to grow and develop. What will happen in the future - we'll see. Let's hope that the currency of states and the cryptocurrency will be able to exist together and help each other, and people will have the right to choose.
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Bitcoin or any other decentralized cryptocurrency will never dominate the global financial market. This simply will never be allowed by states, even if the cryptocurrency had such an opportunity. But cryptocurrency does not have such an opportunity. It was created only as an alternative means of payment to the current payment system. Therefore, it must occupy its own niche in the financial sector and coexist with the fiat states.
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It never happen, fiat ( usd, eur, gbp ) have longer history and law more powerful than bitcoin, both are different and can't dominant each other. Bitcoin have chance to have highest price and bigger follower but for liquidity still fiat is the winner. I think this situation is fit for bitcoin because if crypto market dominated by fiat it will same like commodities or currency.
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there will never be an opportunity for bitcoin to replace fiat in real life in transactions, because the value of 1 bitcoin is difficult to predict and its value is not fixed like fiat money
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Bitcoin's transaction volume has actually already surpassed that of PayPal (https://www.forexbrokerz.com/news/bitcoin-transaction-volume-surpasses-that-of-paypal), and it is predicted to surpass those of Visa and MasterCard, which largely operate with fiat currencies, by 2026. So can it surpass the EUR and the USD? Maybe. One day, why not.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
Bitcoin cannot dominate the national currency of states in the global financial system, since states will not allow it to do this even if it had such an opportunity. States have enough leverage to prevent this from happening. A decentralized cryptocurrency does not need to conflict with states and its monetary system. This will always be a losing bet for cryptocurrency. It will be better if the cryptocurrency coexists peacefully with the currencies of states.
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It is unlikely to become the dominant currency in the fiat world, but it has definitely become the most speculative one. All traders in the world prefer to trade in cryptocurrency, it has taken the lead in this world and will never give up its niche to anyone.
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
Of course you can friends, in the future the Metaverse world provides many opportunities to develop crypto currencies, there Fiat will probably not be used, some countries will make a lot of regulations after that happens, I can't wait to see more coins that will be created in the years to come. Euro and USD will still be the choice to buy goods in the real world, we have seen a lot of changes happening today
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Good morning, fellow mates! The question here is always tickling my mind on what's the possibility of BITCOIN overtaking the US DOLLARS, EUROS AND BRITISH POUND as the dominant and hegemon currency all over the world economy.
I know sometimes we like to say ANY THING CAN HAPPEN but not this one. If you understand what the ECONOMICS of a Nations POWER is, then you wouldn't even ask this kind of question with regards to something that is Decentralized, Not owned by a single person or country, Forget it, No World power Nation will allow Bitcoin to be a Dominant currency over their own Fiat.