Bitcoin Forum

sorry to fud but things are not looking good and we got to be realistic
i guess we usa dollar falling means also the war
usa possible problems: 1 if fed printing more money it making dollar devalued. 2. if they dont print the economy will be going down and then the dollar.

so what is the realistic escape plan to save the usa dollar? need to be honest cant make a illusions or dreams my vision of 2021 are like venzuela the most of the world.

only thing what i dont know are....if fiat currency value are somehow connected with real life productvity...then where does the crypto value come from ? so far cryppto value are not conncted with really real life values and productivity becouse so far the crypto value are determined and counted of the fiat currency value....
if the whole fiat based currency will be affected coused of big economic chaos...then even we want to use crypto how it will be having value ?




now id like to hear comments from people who got some economic degrees

Things are just being exaggerated. Indeed there is a problem right now regarding USD but keep in mind that we are talking about a strong currency. Economic chaos? We're far from that. Economies are suffering at this moment but if you will open your eyes, there are signs of recovery and that's the most important thing to see. USD along with other fiat will exist in world market simply because it is being used in daily transactions.

The trick might be to save dollar is Trading Deal with china.

In the world of economics, I disagree with anything that China says about sinking dollars. but if China is really going to offer a much better deal than the current crisis it faces for US identity as a financial superpower. I guess what's wrong with opening your arms wide for China.

I think one way you can know recovery and economy that is growing is through the currency because it reflects on it as production and export becomes the guide to know. Right now, the US dollar is weak and it has been this week since 5 months ago and the time of the election. I think this may go on until the new president start his office .

You can find out on google whether the US economy will collapse when printing more money.  I have already written a post that US dollars are very special, which requires US dollars not only for US citizens but also the world because international transactions still use US dollars.  for those of you who live in the US, don't worry too much about the FED which plans to print more money because the scenario that will happen is that the US economy will rise because of it (printing more money)..

---

---

More a long people waiting for the replace of USD. Because dollar determined the price of most of fiat. Most of developing country currency was struggle to competite the US dollar.The development of the developing country was further reduced by the value of US dollar.So many people from developing country waited fpr the replacement of dollar.

You a bit delusional if you think things like "2021 for final year for usa dollar". The dollar will be around for longer than any of us will be alive and is likely to remain the reserve currency of the world for a very long time as well. While Bitcoin is going strong and I hope it continues, it is still only a tiny fraction of the whole global population that have a daily interaction with this cryptocurrency. Every currency is just a store of value which people may be willing to trade for time or goods - that still applies to Bitcoin.

I studied Economics at university, but with a more financial background rather than macro economics. The outlook for 2021 is actually not so bad. Allmost all countries ended up in a recession in 2020 due to the pandemic, but growth rates are expected to turn postive again. The pandemic is likely being contained with the vaccines and it seems that governments prepared their hardest hit sectors for the second wave of lockdowns. Crypto currencies are definitely a good way to store value outside of the FIAT system. But to expect the USD to end in 2021 is a bit extreme in my opinion.

I don't think they will open any business in China even in trading these two countries are mortal enemies . Instead of your suggestion they will make other solution to make the dollar powerful again . But for now they need to focus first in the inner problem which is the covid problem in their estate. the infected and dying are high in this country, they need to solve it first before thinking their currency if they cannot solve that problem usd value is useless .

I agree with what you have said, during the pandemic period, most of the countries have experienced economic decline, so vaccines, which are everyone's hope, have come to the agenda, of course, I think that they have an effect on their choices.

exactly what is wrong with trading deals with China. they are ahead of the economy even in digital currencies.

but that might not be the case for US. relying on the old ways still works and war has always been good for its economy. a single war can finance its entire population, and sending unemployed citizens to a battlefield will make them employed. when Biden sits, we'll see what his plan is.

Do not expect that the economic situation will worsen much, because in light of a pandemic that imposed interventions to reform the economy, and thus China and Russia do not carry out sabotage activities, the price of gold will not change above the $ 2,200 barrier.

A lot of money has been printed, but we need people continue to spend and move the wheel of the economy.
Enough printing must be done without disturbing the basics of investment.

I don't have an economics degree and I think you should volunteer to apply for Biden's staff as an economic adviser. You seem to be worried at all with the economy which you shouldn't be and just mind yourself fleeing the inflation that's waiting for the impact of the more printed money.
There's no chaos but it's undeniable that the market experienced economic decline and that's been seen when oil has plummeted. And for bitcoin being tied its price with dollar, that's not going to be much affected. If dollar declines, bitcoin will simply go up. I think somebody has explained that already why it'll be like that.

No, the USA dollar is not on the verge of collapse and war is not inevitable. The Fed is more concerned with a total lack of inflation than inflation running above 2%.  In fact, the Fed has announced its goal over the long term is to have average inflation of 2%, and since inflation has been running below that for so long, it will necessarily have to run above that in order to reach the goal of having inflation average 2%.  If the dollar was in any trouble, inflation would be minimum double digits, and even then it wouldn't be extremely dangerous unless it was high double digits.

We don’t know what’s going on under the table but I hope there’ll be no more war and no more major conflicts as we all fighting to survive this pandemic. Many countries printed a lot of currencies to survive and I know even if there’s a pandemic people will spend more so for sure we can recover. The vaccine is coming, so I guess this is not the end yet as we are about to recover, let’s not think for the worst things with USD.

Yeah, the US is currently unstable because of the election fiasco, and I will wait and see till January 2021 before making such a verdict.
If the transition of power (if any) can be done smoothly without riots, 2021 will be just another boring year.

Remember that political stability is the key component of economic stability, including the exchange rate.

Indeed, us is facing economic crisis more than anyone can imagine and they are just doing the a huge amount of money printing to make everything better but they are wrong because doing that huge amount of money printing actually damaged the value of usd buy providing a huge supply and this made the market unbalanced. Unfortunately, us economic is damaged because of that. In the other hand, the most important competitor of usa, china is growing economically due to the covid. But, we must never forget that usd is one of the strongest fiat currencies. People are now looking at biden as new president to see how he is gonna mange the 2021 the save usd.

When you buy crypto you exchange it for fiat currency and because of the exchange the crypto value gave its birth in the moment of exchange but the rulings of the value of crypto is different from due to the demand and supply rule. The more crypto fiat exchanges happen the higher the value of crypto will be. Crypto is not a stable currency and it is not like you buy crypto wity one dollar over a period of time you will still get a crypto value of 1$ for it all depend on the market movement. This is why most of people buying crypto is sorting it like an investment.

I wanted to say going into war is impossible but who knows, I may be wrong but the chances is low. What do think happen when US and Iran stopped their after so many threats that happened earlier this year? Definitely, It will affect everyone. You wouldn't want to see your family lost their home, shelter, lost business,It takes years to rebuild a country after going for war, no one would like to be a victim.
Beside, US isn't the only country living on earth, if they want one, others would want peace.

Cryptocurrency is a speculative asset, it's move by the people, demand and supply and a little tide to traditional financial assets such as S&P500, US Oil since some of the investors come from that part. They sell bitcoin if traditional markets is bearish.

Nothing is wrong. It's just that in my country, China is trying to colonize by consuming our land. and it is very lasting. nearly 75% of our country owns land under Chinese control. and the impact is that we feel like guests in our own country. not only that, our citizens often complain about the factory that pollutes the countryside, pollution makes many people sick.
that's why we never agreed with China. Regardless, we don't really blame China. our country's government is already controlled by them behind the scenes.
we just don't want this sort of thing to happen to our descendants someday.

It's kinda ironic how you said that we gotta be realistic but the title itself is quite exaggerated already. The US economy might be down but to say that 2021 is the final year for the US dollar is unreasonable. And if I'm going to think of a realistic plan to save the economy, it would be the fast development and distribution of the vaccine. Once the vaccine is already out, then it means that we'll slowly start to go back to normal, same for the economy.

i dont have an economic degree and i still want to give my opnion sorry . cryptos can be a tool to save fiats . fiats value arent connected to the real life productivity because how hard you work and whatever things you do the value of fiat are still the same but for cryptos yes because when there is a real life event the value of crypto can also move depending on that event if its positive or negative . the recent real life event is election and people relate it with the pump and dump that happen in btc . and laslty cryptos value came from money

One of the problems that I always have with those making those kind of predictions is that everything is always very sudden, the dollar is going to keep existing as long as the US is there, what we could see is the dollar losing its position as the reserve currency of the world but this is not going to happen in a single year, why? Because many of the most powerful countries in the world have their reserves in dollars and they cannot just dump them in the market because if they do the dollar is going to lose value and they are not going to be able to buy much with it, so it is better for those countries that this is a very slow process so they can get rid of the majority of their dollars and get something in return for them.

I agree with you. US Dollar currency will only disrupt if the world government dictates. But because its value getting smaller and there is a problem right now in economy. I don't believe that it will destroy easily. The OP seems to be an exaggerated, he wants to give as a cool comments about what will gonna happen to US dollar wherein fact, he had no further discussion about why it will gonna happen. He said more than what should be speculated. Economic chaos will always come up because of the disaster and pandemic that we confront right now. But to turn fiat into valueless, I don't think it will be possible.

I believe you are only overestimating things. The situation indeed looks bleak but it's not something that will cause huge that extreme of problems for the people. What's bad about this post is that there are newbies here who do nog have sufficient knowledge of crypto and economics just yet that just might believe you, causing inhrrent panic and fear among the people. Please do your own research first before doing these, a "sorry for fudding" isn't gonna save you the gravity of your actions.

Do you have any data to back up this claim? Because I haven't seen any to suggest that the value of the USD has been much damaged or that any market is unbalanced. Hell, all the money printing hasn't even caused significant inflation like the most extreme bitcoin maximalists have claimed was going to happen.  There may be damage in the future that emerges because of all this, but the case for saying that there is currently is not compelling.

The fall down happening on the value of US dollars will not certainly cause any chaotic wars between nations for we are all focusing on how our economies will work into recovery all due because of the economic crisis that many countries have faced because of the covid-19 pandemic which makes us all suffer since there are many delays and postponed works and many are brought to stay home causing the economy to temporarily be closed even trading and importing of goods are strictly prohibited for months because of the security being implemented due to potential spread of the virus. The falling down of US dollars value is not a valuable and enough reason to cause economic war for we are considering and focusing more on the welfare of the people. Every nation are just busy minding their own people affected by the current situation so there is no possibility for another problem to arise just because of that. Also, we still cannot state anything regarding what can happen on year 2021 for we are still at the last phase of year 2020 and things can still possibly change.

US Dollar has remained as the reserve currency of the world ever since 1945. If nothing miraculous happen, then it will remain in that position at least for another 100 more years. Other governments have tried hard to elevate their national currencies to the position currently held by USD. Examples are Japanese Yen, Euro, GBP and Chinese Yuan. But none of them even achieved distant success. Such is the strength of the USD.

While you are correct at the same time we cannot save people from themselves, I see a lot of this happening in social media where FOMO and FUD run rampant and newbies believe whatever they are told instead of making their own research and thinking by themselves, and at the end they end up paying for their mistake and instead of blaming the person behind the FUD or the FOMO they blame bitcoin or whatever coin in which they invested, so while I do not believe things are going to be get as bad that fast most newbies that read something like this will and will probably take actions that are going to be harmful for their long term economic well being.

I agree with you, lots of speculation that US dollar will fall and yet they still remain at they still remain at the top.
Thing is, they know how to run their economy for whatever strategy they are using, they remain on top until now so that's something we have to accept and respect.

If US dollar will fall, I doubt other currency would not fall, and until it's replace by whatever currency would replace, I will not take any negative speculation seriously.

It is an historical fact that whatever currency was at the top of the world at some point stopped being there so it is natural to think that at some point in the future the US dollar is no longer going to be the most used currency around the world, but the problem is that many think this is going to happen relatively quickly while this is a process that takes decades for the most part, so all people that are predicting a quick demise of the dollar are going to be wrong.

People are making too big a deal out of this whole "Fiat" is going to collapse thing. The US government have dealt with much bigger things than the Covid pandemic before. (Things like 911 /// Real estate collapse /// Big Depression /// World War I and II... ) ....Why would this pandemic be anything different?

We also know that there are several vaccines out there already, so the economy will be back to normal soon as more and more people are going to take the vaccines in the future.  ::)   

I'm not sure where you're basing all your claims at. USD might be in a tough sppt right now but that's not enough to cause an all out economic collapse. If you're basing it to the pandemic, then I have news for you buddy, every other country in this planet have filed for a loan at the world bank and is in shambles as well, I don't want to sound like that's a good thing but it definitely stalls the economy until everyone is able to recover. Now the problem lies on the governance and the people themselvds. You are spot on my friend. The US have tons of stuff in store for them to be secure in the midst of a big event like this so it's not enough to put the dollar down. That's for sure.

In one of the books I have read about the fall of civilizations this was precisely the question the investigator asked himself, why a civilization falls when it has endured so much in the past? And the answer he found out was simple and yet alarming, people simply give up on the civilization, so if we change the question and we ask ourselves why the US dollar could fall at some point when it has endured so much? Then the answer will be simply because the people will give up on it at some point in the future.

I have to correct myself USA dollar will be fine.
This will be all right