BITCOIN GLORIOUS DAYS MIGHT JUST BE HERE

[gabbie2010]

The collapse of the USD doesn't automatically mean that the majority of people are going to move to bitcoin. While yes, some may do, but majority(especially the non tech-savvy people)? Probably not; though I definitely hope they give bitcoin a shot. My number one issue with this is bitcoin being stolen from the non tech-savvy simply because of the lack of knowledge in how to protect their funds.

It will absolutely be very difficult for non tech-savvy people  to cope with the adoption of bitcoin having been used to fiat  and lack of knowledge in the transactions of btc is going to spell doom to them as you rightly said there are a lot of challenges ahead if possibly the US dollar is ditched for bitcoin and its subject to global recognition by counties willing to adopt it however that is going to be a plus for btc users if eventually China carried out their threat definitely the price of btc will pump.

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[Onuohakk]

Am still yet to get how the price of the dollar has any connection to the price rise of bitcoin.
The price of dollar is just a medium to evaluate or describe the price of bitcoin

[adzino]

Those are just assumptions. Do you really think USD is going to collapse quite easily? There are other countries that depends on the US fiat currency. Even if that happens, think about the people who knows less or nothing at all about bitcoin. They will be facing some hard time trying to understand its usage. Lets not hope that US dollar collapse as we don't want to see any kind of global crisis.

[Moiyah]

America will never ever replace usd with bitcoin. According to John Williams, bitcoin did not passed the requirements to become a currency. While USD is a 'currency' while bitcoin is a 'cryptocurrency'.

[killat]

It's a matter of time for btc to be truly adopted world wide. But nobody knows when this will happen or how the price might fluctuate in the future,  no matter what crypto gurus/expert think.

All the crypto gurus are either sunning themselves on their private islands or are now working 3 jobs to pay back their trading losses and mortgages.

I think some people got greedy, so instead of investing $5k, then when it was worth $10k taking the initial $5k out, they let it all ride. Now it's worth $1k and they're regretting it.

[imstillthebest]

America will never ever replace usd with bitcoin. According to John Williams, bitcoin did not passed the requirements to become a currency. While USD is a 'currency' while bitcoin is a 'cryptocurrency'.

America will never ever replace usd with bitcoin.

obviously . usd is a symbol of american country while bitcoin is new and not an official currency . but many people keeps on saying that bitcoin will replace anything 

According to John Williams, bitcoin did not passed the requirements to become a currency.

oh that was bad to hear but im going to disagree with him . if bitcoin didnt pass the requirements to become a currency then why we are still continuing to use it  as a currency ?

While USD is a 'currency' while bitcoin is a 'cryptocurrency'.

bitcoin and usd are both currency the only difference is that bitcoin is a virtual one and usd is a physical one  .

[romero121]

As of now we cannot predict the true outcome of the future. Still what we've been experiencing for the past three days gives a happiness. It isn't just because of the price increase, but a forward push has got initiated which has been expected to take place long back itself. Another thing is the crossing of $3500 price barrier. Hope this will continue to break $4000 at the earliest.

[Kakmakr]

At the rate that the US government and citizens are going deeper into debt every year, they would need a Govcoin with a coin cap of 1,000,000,000,000,000,000 coins that can be divided into 1,000,000 smaller units.   

Yes, I have seen some documentaries that has mentioned that a large amount of assets in the USA are owned by some Chinese companies and individuals from China. The Chinese will also lose a lot, if they decide to follow that route and stop trading with the USA as we saw with the latest trade wars. 

[kelz1]

I would have suggested the euro as a replacement but after brexit europe is looking like a weaker place. The chinese yuan is not an international currency, so bitcoin is a good candidate

[andi_wahid]

This is possible because if USD falls. at some point the United States will look for currencies that are not owned or mobilized by a country and bitcoin is the option. I only have opinions but if this happens it will be extraordinary

[Ezenwanyi]

The dollar is the US fiat currency...so I do not think that USA of all country will sit down with hands akimbo and watch it's currency fall .
It is just my opinion .
But should incase the dollar falls beyound expectations, bitcoin can  be considered  even though it wouldn't be able to replace Fiat and function maximally like one.

[qiwoman2]

I still have much faith in Bitcoin because it's decentralized and people now want a more tailored and individual approach to their finances and also they feel freer having a stake in a currency that isn't controlled by any single entity. Although there will be subsequent blockchains and currencies much more developed technologically than Bitcoin, Bitcoin was the first of its kind and ideologically it is much loved by those who hail for freedom of thought and freedom-oriented people in general. I think that Bitcoin will still hold a place in many people's hearts well into the future and I hope one day my Son and his Kids if he ever has any, adopt this technology and embrace it as passionately as I have done.

[bdbabiak77]

China is collapsing faster than America. America's economic growth is the highest in the world right now. China can't hold 2% growth without lying.

But more accurately, the world economy is collapsing because fiat is flawed currency from the nationalistic early 1900s era. I think bitcoin will dominate, but it appears with Baakt etc that WallStreet fully intends to own the future.

[wxa7115]

I have watch analysis on YouTube by different economy think tank how the US dollars is getting weak by the day because of the ever rising USA national debt profile, they huge own the Chinese government trillions of dollars, the government of China has been asking USA government to pay them their debt, but they are not willing to pay. An analyst predicted that the US government is not going to pay China the debt, saying "should the US government offer to pay the trillions of dollars debt, it will spell doom to the US economy and further weaken the dollar or even bring it to its kneel". Because of the aforementioned economic saga, the Chinese government together with some other power blocks are willing to bye pass the US dollars during trade by dealing directly with their local currencies rather than the US dollars. In the recent times, the President of Russia has expressed the willingness to ditch the US dollars.

Should the US dollars greatly loss value and become less use by world economic powers, something else has to move in to replace the green paper(US dollars). Of course, the United States won't like to loss to any country, am thinking maybe the world could just adopt the bitcoin as the world reserve currency, since it's owned by no one and controlled by none.

Guys, what do you think, will the world likely be willing to adopt the bitcoin as the world currency in the event of the US dollars collapse?

No, the change will be too abrupt, what we are going to see next after the dollar falls is either a global currency backed by the strongest currencies around the world or we are going to begin to see countries keeping their reserves not only in dollars but in other currencies as well, at the end the effect will be the same but this system is going to be even more unstable and countries will face a decision and they will probably begin to back their currencies with gold and silver, but at that point it will be too late.

People will begin to see they have been lied and the system was designed to help the people at the top to remain at the top and when that happens the opportunity of bitcoin will finally come.

[nelson4lov]

Everyday, Bitcoin takes leaps that could see it becoming a mainstream currency in the near future. On daily basis, we see national economies crumbling. Like the US, My country is also in huge debt which could cripple our economy in one swift move. When that happens, I want to be part of the next financial revolution. I know Bitcoin is the next big thing. It's only a matter of time now.

[teejayrichard2]

if your analysis turns out well then it is definitely a great thing for bitcoin as that means bitcoin will become fully adopted for countries all across the globe which will make its price pump up. well lets watch closely as events unfolds

[BTMBitcoinVN]

Thinking Bitcoin will have an actual impact on this matter is INSANE to say the least.
While this blockchain tech applied to currency is new, fancy and very valuable. It won't be able to actually compete with fiat in the foreseeable future.

[Jating]

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Guys, what do you think, will the world likely be willing to adopt the bitcoin as the world currency in the event of the US dollars collapse?

I don't think that USD will simply collapse though, there's too much at stake and I'm sure that US will prevent it because of the devastating effect it can bring not only to the country but through the world economics as well.

As much as we like bitcoin to be a single world currency, I don't think it not that very simple and would just happen overnight. I'm not saying it's not possible, but it would takes years to be accomplished, imho.

[kingpin4321]

It's amazing to see that you think after the US dollar comes bitcoin.
I really doubt that optimism bitcoin has not yet gotten that acceptance to be the one to replace the US dollar if it crumbles

[aad140386]

It seems to me that in your post there is just the answer to your question as to whether countries will be ready to accept Bitcoin as a world currency. I do not know whether this will happen or not, but the US will definitely oppose it. Now the dollar is the world currency and in the dollar pass more than 60% of all transactions in the world. The United States has the ability to buy goods abroad for dollars that have not been secured for a long time. Previously, the dollar was provided with gold, now it is provided with oil. To be precise, the agreement with Saudi Arabia, oil is sold in dollars. This was followed by all countries of the world, and now almost all oil is sold for dollars. If you deprive the United States of the privilege of settlements in the dollar on a global scale, the US economy will collapse.