Bitcoin Forum

Are cryptocurrencies a threat to the dollar?
Personally, I do not think so? ???

In general yes,because if most of the countries will allow the cryptocurrencies to be used by the people,it can replace the fiat and banking system which is why cryptocurrencies are created.But it will be too hard for our community to expand in most countries because the super power countries are has some regulations or limit to cryptocurrencies today,like U.S and China these countries has some influence to other small countries.

No they aren't, because cryptocurrencies have no govern authority, no infrastructure that can be used in the real world. Can be used for alternative payments, but won't be a threat to the dollar anytime soon.

The only thing that will kill the dollar, is the dollar/american government itself.

If it is a good point, but the reason why it can not replace the dollar is because the cryptomonedas are volatile, it does not have a fixed value, it is important to highlight the point

You have understood about the cryptocurrencies wrong I think. You will find the cryptocurrencies against to banks not to the fiat cashes. Example if you own your bank there is no mediator to handle the money of yours.
Then these kind of scams been done by the banks on consumers will be reduced. Actually I support to bitcoin and alts more than banks. There is no scams between the crypto transactions.

good point you mention, but remember that what makes the cryptocurrency innovative is that it is not regulated by any institution

For a crypto to ever become a reserve currency, there would need to be a revolution on a global scale, a war if we will against the worlds central banks  ;D
As for a crypto making it to a reserve status which could actually threaten the dollar, I think is an impossible at least during our lifetimes.

Cryptocurrencies are unlikely to ever replace FIAT currencies, they may offer alternatives in some situations however. Even in the case where cryptocurrencies are adopted in many places I suspect that most retailers who accept them will be converting any crypto they receive in to FIAT instantly.

Nope, or at least not yet. Government-issued currencies are still needed to pay in the country's stores, to pay taxes and so on. Unless a government ever switches from its currency to Bitcoin, they can work very well in parallel. And this will not happen in the near future.
But Dollar is not used only for payments in US. And here the interesting part comes. Many things' prices are in Dollars over the world, oil is one of the most known. If such things get traded against something better than US dollar (yes, I mean Bitcoin), then Dollar will have a problem: it may get downgraded from the list of global (hard) currencies. But it's again, quite unlikely to happen in the near future. And it will not be only the Dollar in this situation - Euro and maybe Yen will be in the same situation.

TL;DR; While there are directions to think of where Bitcoin could become a threat for US Dollar, none of those have a chance to happen in the near future.

Taxes and law enforcement could be a potential threat for government authorities, but dollar has no such fear till prices reserved in banks and commodities are dollar denominated.

It has some sense of course. But crypto should pass a very hard way to become a real threat. Moreover I think that there may appear governments' protocols (for taking taxes and tracking personal activity) and regulations which will force to implement them. I suppose in this case private coins will surely be in a great demand.

Tether is backed by Dollar and its price remains the 1$ it barely hit below the 1$.moreover crypto was invented for the mean of payments and i think that it is a threat to the fiat.. but we should concerned about the acceptance of the crypto

If you're right, good argument is what I had in mind

until the biggest companies accept crypto as a payment, fiat (dollar etc) can not be replaced by crypto.

above, one said a truth. crypto accepting retailer change the crypto to fiat immediately. because they have make payment with fiat.

for example: when samsung accepts the payment as BTC, then best-buy/amazon.com can accept the BTC as a payment.

until that time, crypto does not have chance against to fiat

For ar least 5 years I don't thinks it's a threat! The world is only getting used to the cryptocurrency, even though many ordinary people in doubts! In 5 years time, from today, during this period I thinks USA will definitely, if not yet allready came up with their own crypto that will replace or get tied up to the dollar! USA politicians will never let the dollar die or let the dollar to be replaced in trade, as they have strong economy and a whole world trades their products, they will make something up, I repeat if already havn't done so!

If the government considers crypto as currency then the answer is yes, because when compared with the dollar, crypto is superior in any case except the fee.

No, it is not. People need to understand that Crypto is still an experiment and there is need to understand now that most of the FIat transactions too are done in digital form. I think there will be a place for both to exist together unless something drastic happens. The only major cryptocurrency is BTC and the volatility is enough to scare people way

It seems to me that it poses a threat to the living currency ,as many countries will switch to the side of electronic money and cryptocurrency . This is still the future

It is unlikely that crypto currencies can replace the dollar in the near future. In order for this to happen, it takes a very long time. The dollar will not give up so easily.

You can use cryptocurrency in your country against dollar or other fiat currency if your countries government accept bitcoin like fiat currency other then how it's possible to destroy dollar or other fiat currency via bitcoin? but day by day many peoples want to dealing via cryptocurrency, so many countries government aware about this kind of situation.

It is surely a thread to not only dollar but to all the fiat in the world,because if all of these big companies started to innovate the cryptocurrencies cryptocurrencies could replace the fiat and banking system in the future but the government will surely wont allow this to happen easily because the government without any taxes from wont survive in the long run.

I also agree with you, that cryptocurrency doesn’t apply to ordinary money at all. Cryptocurrency is another world where there are absolutely other money. Don’t think that the dollar can affect cryptocurrency somehow!

I think that crypto will be and dollar will be, and everyone is growing different ways. But one I can say, with the emergency of cryptocurrency it is easier to clean money, and there are a lot of possibilities to do that. Also that with more and more count of coins it is more difficult to track the money. So it is very good for dollar growing crypto

I think between fiat currencies and digital currencies will go side by side but in different sides. the existence of bitcoin as a digital currency will not be a threat to the fiat currency in general. it's just that people will be more interested in investing with bitcoin because bitcoin has a high enough volatilitas.

In my opinion. Currently I do not see it as a threat, but rather as a great opportunity to spread the Dollar ( as marketing ), consequently the great Fiat of today in the world of crypto is the Dolar, but can become a threat as soon as adoption is in mass, where to buy with Bitcoin or altcoin becomes more pleasurable.

No, it is not a threat today. But at least its the beginning of the start of the revolution. I would never sell crypto for fiat anymore, why would someone trade the future for the past? Crypto is the future and there is lots more to come.

No, crypto currencies are not tread to the dollar at all. First of all, crypro currencies are not tread to any of conventional currencies, and second no one can defeat the dollar without the help of OPEC (Organization of the Petroleum Exporting Countries). And I don't think OPEC want to take down the dollar. So I wouldn't be too worry about the dollar :)

I don't think so but i wish it will be happen in the future. People will use Dollar and fiats in future but cryptocurrencies will be an alternative way to payment.  

There are significant differences between the  cryptocurrencies and dollars, but this does not mean that one of the currencies is better  They are just different and we need to learn how to use them at the same time. The features of cryptocurrency are anonymity, security, decentralization and many others, but the main benefit of fiat is expression  in the physical world.

Even if we speak in general terms about the usage of cryptocurrencies in most countries, it will still not be a threat to USD because it is a decentralized money that our government can't get a control over it. They will just create regulations that will hinder us in gaining the most out o it. Even so, cryptocurrencies can be used side by side without giving a threat to one another, it can just used as an alternative payment for online transactions.

No. I believe that the crypto currency can not compete with the dollar or the currencies of other countries. Crypto-currencies are too volatile and they are used as an investment tool.   

Now it is a digital era and Cryptocurrency is getting popular globally. It is very much clear that cryptocurrency is the future but it would not be possible for Cryptocurrency to replace fiat dollar. May be in the near future cryptocurrency would be an alternative way for online payment.