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Author Topic: Do you think bitcoin can end the dollar’s reign?  (Read 10401 times)

Offline Synezhana

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #90 on: January 31, 2021, 11:25:09 PM »
It seems that will not happen, the dollar is the real world currency and the dollar is the benchmark currency of countries in the world.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #90 on: January 31, 2021, 11:25:09 PM »

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Offline Galaxy

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #91 on: February 01, 2021, 11:23:31 AM »
Bitcoin and the dollar are two popular currencies. But Bitcoin is only used in a few countries. On the other hand, the dollar is used all over the world. Bitcoin may be popular but it will not be able to feed the dollar market. The dollar market is stable.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #92 on: February 01, 2021, 01:30:14 PM »
I think it's still difficult for Bitcoin to replace dollars. Because after all the value of dollars is stable and better than Bitcoin with such a big risk.
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Offline legend45

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #93 on: February 01, 2021, 01:55:45 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.

It is possible to happen but It will take several years again, maybe more 5 years again when bitcoin be accepted by many countries and more popular than now. Bitcoin will replace dollar , I believe it will happen.

Offline LeziT

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #94 on: February 01, 2021, 03:17:43 PM »
Yes mate.  Various investors have bought the highest bitcoin this year.  This year saw a new record set.  They must be thinking that the price of Bitcoin may be bigger in the future.  From where different investors can take good profit.  Several more people may come this year to buy bitcoins.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #95 on: February 01, 2021, 07:38:53 PM »
Both bitcoin and dollar have their own roles. It is complementary to each other. Dollar is a physical currency Bitcoin cannot eliminate.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #96 on: February 01, 2021, 07:57:44 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.
I don't think that would happen. Dollars would always be dollars that the world use for so many years. I don't think BTC could overthrown the dollars in any way. BTC will always be shadow of $ that fill in some loopholes of it. it was not design to take over the world dominant currency.
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #96 on: February 01, 2021, 07:57:44 PM »


Offline Jaya60

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #97 on: February 02, 2021, 04:22:11 AM »
Bitcoin is one of the most popular coins in the cryptocurrency world.  But the dollar is used all over the world in all developed countries. But if we look at Bitcoin we will see that almost all states but Bitcoin is not used.  But the dollar can be used in almost all places. So I say both Bitcoin and the dollar are needed. Bitcoin will never run out of dollars.
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #98 on: February 02, 2021, 06:53:39 AM »
I don't think Bitcoin will end the dollar transaction. Dollar transactions can be done very easily anywhere in any situation which I think is not possible for Bitcoin.I think Bitcoin will be next to the dollar. That means people will trade through Bitcoin and will trade through dollars. Trading in dollars will never end.
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #99 on: February 02, 2021, 08:44:02 AM »
Other currencies, including Bitcoin, will do better in the future. The popularity of coins will constantly increase. Bitcoin will remain in the best position in the market. Bitcoin will be used as one of the sources of transactions. Blockchain technology will emerge anew. People will bring new epochs in the process of their transactions.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #100 on: February 02, 2021, 01:31:25 PM »
I don't think Bitcoin can end the reign of the dollar because the price of Bitcoin is just getting dumped day by day. Hey bitcoin dollar we are getting a lot of interest because the price of this bitcoin is never pumped. And if it is a pump, it is much less, most of it is a dump. So it can be said that Bitcoin cannot end the reign of the dollar.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #101 on: February 02, 2021, 01:43:17 PM »
I thought that would not be possible. because replacing dollars will not be as easy as imagined. Moreover, crypto or bitcoin has not received approval from all countries.
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #102 on: February 02, 2021, 03:19:19 PM »
I think the dollar will never end.  The dollar will never disappear. Because lately, most people are trying to connect with cryptocurrency.  If everyone is connected to cryptocurrency, then the future of the future will be cryptocurrency. Cryptocurrency will one day reach a stage where everything around the world can be bought through cryptocurrency.

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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #103 on: February 02, 2021, 03:21:24 PM »
If the cryptocurrency dollar is eliminated, then the cryptocurrency will run out.  Which is never possible.  Many big businessmen from different countries have joined the cryptocurrency.  They think a life can be changed overnight if connected to cryptocurrency.  What a great contribution to make in the future.
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Re: Do you think bitcoin can end the dollar’s reign?
« Reply #104 on: February 02, 2021, 04:16:45 PM »
Bitcoin and the dollar are two of the most popular at the moment. You can use Bitcoin in the place where the government of the country has instructed to use Bitcoin. But it can be seen that the circulation of dollars can be done from any bank. Both Bitcoin and Dollar are required for this. The reason is that the popularity of cryptocurrency is increasing a lot now and everyone is getting all kinds of benefits through cryptocurrency.
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