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Author Topic: Do you think bitcoin can end the dollar’s reign?  (Read 10311 times)

Offline Black ID

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #60 on: January 25, 2021, 02:01:31 PM »
I don't think Bitcoin will ever replace dollars. Moreover, Bitcoin is also not fully accepted in all countries in the world. There are still many who don't support Bitcoin.
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #60 on: January 25, 2021, 02:01:31 PM »

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Offline Freemind

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #61 on: January 25, 2021, 02:16:49 PM »
The reign of the Dollar that we are used to will come to an end sooner than many think. And I don't think a cryptocurrency will take away that position. China since the last 20 years is growing economically in a brutal way worldwide. I am not saying that the Yuan will be the next Dollar, what I am saying is that China will have a dominant position. If we add everything I have said before to the great inflation that the Dollar has suffered for a long time we have the perfect combination to make that happen.
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Offline Falcon

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #62 on: January 25, 2021, 02:28:50 PM »
Possible in the future the dollars will gone. The first computer was developed by work hard and dedication. Although it was so huge in actual design, the computer worked. The years passed by and the computer now becoming smaller and high specks. The world is progressing. Not impossible the cash system will be wipe out by digital money.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #63 on: January 25, 2021, 03:52:00 PM »
I'm little bit confused here is this means bitcoin will be replacing fiat money? if so.. I don't think the government will support this to happen, you know how volatile bitcoin is, up and down prices in just a seconds and also bitcoin is not a perfect for payment method because of high transaction fee. I'm supporting bitcoin but both must still exist in the future the fiat money and bitcoin.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #64 on: January 25, 2021, 04:16:05 PM »
Very difficult if that happens, there is no big factor to see virtual currency can beat it. there is still a long way to go to achieve this.

Offline nakmantu99

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #65 on: January 25, 2021, 04:21:27 PM »
Very difficult if that happens, there is no big factor to see virtual currency can beat it. there is still a long way to go to achieve this.

Yes I think It will take along years again virtual currency can beat dollars. So I don't think bitcoin can end then dollars reign.Bitcoin will be more popular but cannot beat fiat money, because fiat money has been used for along years ago.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #66 on: January 25, 2021, 08:38:06 PM »
Bitcoin was not created to shift the dollar, it was created as an alternative...
The dollar will survive because the US government will continue to guard and support the dollar, while Bitcoin was not created to get rid of the dollar, Bitcoin was created to be an alternative payment so that people have other alternative payment options besides the dollar.
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #66 on: January 25, 2021, 08:38:06 PM »


Offline 0t3p0t

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #67 on: January 26, 2021, 06:37:46 AM »
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.
Those people who bought Bitcoin in bulk just want to make sure their future is safe and secured. Dollars will be affected by inflation so I think Bitcoin will be dominant in the future due to technological advancements.

Offline arnold dudicove

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #68 on: January 26, 2021, 08:58:34 AM »
I don't think all of that will happen any time soon. It is true that bitcoin has become the favorite alternative currency of many people in the world today, but its presence still brings many obstacles so that it cannot be accepted in all countries, so let everything process properly ...
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #69 on: January 26, 2021, 09:30:09 AM »
I don't think all of that will happen any time soon. It is true that bitcoin has become the favorite alternative currency of many people in the world today, but its presence still brings many obstacles so that it cannot be accepted in all countries, so let everything process properly ...

Yes, It will not happen soon, I think never happen. I don't believe bitcoin can end the dollar's reign. Because It will take several years again, I think the government will keep their dollar cannot be replaced by bitcoin.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #70 on: January 26, 2021, 10:20:34 AM »
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.
I am very impressed that you have such wild imaginations. I don't think bitcoin will shift the dollar. It is impossible. How could bitcoin replace the world's largest fiat money. Especially at this time bitcoin cannot be used to transact in all aspects of life

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #71 on: January 27, 2021, 09:04:27 PM »
Marketcap USD is very far from Marketcap Bitcoin.
Perhaps that ratio is 1: 1000000 and that is difficult for Bitcoin to catch up to if it wants to beat the USD.
Don't Bitcoin want to beat USD, beat the gold marketcap is also very far and it's difficult for Bitcoin to overtake it in the near future.

I often see all this data in various media and this is the beginning for Bitcoin to line up with USD and Gold.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #72 on: January 28, 2021, 04:15:35 PM »
I'm not sure the dollar will end because the country's currency will be maintained so that the economy remains stable and bitcoin has an unstable price.
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #73 on: January 28, 2021, 06:28:03 PM »
I don't think it will ever happen that bitcoin will completely replace the dollar. And there are many reasons for that. Bitcoin is a good investment alternative to the stock market.  Those who understand that now invest in bitcoin for the long term.
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #74 on: January 28, 2021, 06:43:51 PM »
I don't want to say ever, because we never know. We live in interesting times and weirder things have happened. You never know.

 

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