Fiat currencies

[Polo7]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

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[Wexnident]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies?  

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

Yes, dollar is still the strongest currency when we consider the fiat currencies. In general though, Fiat currencies are indeed getting weaker and weaker with banks rushing to lower interest value, making fiat currencies value itself depreciate. You can find more information about that here: https://bitcoinerx.com/finance/fiat-money-not-worth-anything-anymore-admits-banking-giant-ceo/. (found this link in CryptoBrys' post)

Now as to your main question why USD is dominant, it is because US is behind it. It is because its economy can back the currency of USD, making it the strongest currency out of all. You can find more information why it is strong here:https://www.thebalance.com/world-currency-3305931

As for why euro is valued higher, it is very simple. Supply and demand. Euros have a much lower supply across the globe when compared to USD which has a larger amount of Volume because it stimulates the economic growth with it.

[figmentofmyass]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies?

tether also has a euro stablecoin built on ethereum: https://etherscan.io/token/0xabdf147870235fcfc34153828c769a70b3fae01f

they recently launched one for the offshore chinese yuan too: https://tether.to/tether-now-supports-offshore-chinese-yuan-cnh-launches-cnht-stablecoin/

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

if the dollar collapses, the world economy collapses. economies are so interdependent now that financial contagion spreads like wildfire across the globe. no major fiat currency is safe.

[gantez]

What's Ur take on that?

Apart from that US financial and monitory policy is very strong, US dollar is used across as a means of exchange and trade. The US financial statistics is open to all and can be accessed by all, even there data and can be acted upon. These and more are reasons for demand of dollar which can be traced to such dominance too.

[lionheart78]

My main question is what makes usd so dominant?

I agree that dollar is still the strongest currency but it will be just a matter of time before other currency overthrown it.  The main reason why Dollar is so dominant because  it is the world's major reserve currency, thanks to Bretton Woods Agreement.

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?
What's Ur take on that?

Same  answer as Wexnident

As for why euro is valued higher, it is very simple. Supply and demand. Euros have a much lower supply across the globe when compared to USD which has a larger amount of Volume because it stimulates the economic growth with it.

[avikz]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?

What's Ur take on that?

Dollar is used as a foreign reserve currency by majority of the countries in the world. Also dollar is the main settlement currency is all major international trade. These two reasons make dollar as the most dominant currency in the world. I can suggest an informative article for you to read about this matter,

https://www.thebalance.com/world-currency-3305931

It will give you a macro level understanding why dollar is so strong and used as a world currency!

The reason EUR was developed is to make Europe more financially independent and to minimize the dominance of USD. The same article shows a graph which says, the EUR dominance is only 1/3rd of the USD dominance in the world market. I don't think USD will ever be replaced by EUR, but yes, can give some serious competition to it!

[Findingnemo]

Dollar is most used currency in forex market and also oil prices were linked with dollars not in any other fiat so this makes it more stronger I guess.FED have policies which strictly monitor the supply and demand level and always keeps the inflation under control but in the recent days things were changing which might be a reason for the dollar to be fall from the most dominant currency in the next decade.

[dothebeats]

Ask the leaders of a lot of countries that hold USD as one of their reserve currency and perhaps you’ll get a straightforward answer to your questions. USD remains the strongest simply because a lot are still pegged to the dollar, and a lot of countries are still keeping USD as reserves together with gold. It has become the standard currency used for international trades and purchases which makes it a more fitting currency for the global scene. It’s just a matter of time before the USD gets overtaken by something else, and the EU, together with China are doing their absolute best to be at the top of the chain of fiat currencies.

[teosanru]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

Actually people are not trying to say that Dollar is getting weaker and weaker against other currencies. What they are trying to explain is that dollar is getting weaker and weaker in terms of it's purchasing power. Which means that what you could buy of dollar years ago you can't buy that now. Coming to the dominance of USD it's because US acts as a sole superpower in the Capitalist Economy since world war-2. Their economic influence increased with breaking of Soviet Union. Moreover simply being higher in Value is not a sign of dominance. It's merely a sign of economic development. There still can be a lot of difference in their purchasing power. For eg. If you can buy a burger for $1 in USA it's not necessary that you will also be able to buy a burger worth Euro 1 in Europe.

[Febo]

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?

LOL. Euro?  Before USD there was English pound, before English pound there were Netherland whatever they had, before Netherland whatever they had was Spanish whatever they had. Why you think this currencies were world reserve currencies? This is quite simple history question.

When USD will lose role of world reserve currency CNY will take it. When CNY lose world reserve currency status Indian whatever they have will take it.  Maybe just maybe Bitcoin will jump in not sure when.

[yulchatar]

The dollar has been dominant for nearly a hundred years due to the fact that the American economy has been strong and powerful for many years. But recently, the trend has changed to the side of the countries of Asia, their economies are developing rapidly and this fact puts the dollar at risk.

[magneto]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies?  

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

The USD is the strongest FIAT. That doesn't mean that it's necessarily the best asset to hold.

In fact, I don't even think that the US government right now wants their currency to be this strong, because a strong exchange rate implies that their exports are completely uncompetitive (which is why Trump accuses China of manipulating exchange rates, if you follow these developments).

What people mean by a "collapse" is in the long run, fiat's tendency to go to zero in value due to its intrinsic value - which is precisely zero. It's not in the short term.

[Mometaskers]

The currency is still stable. It's used as a reserve by many countries and we also know that certain oil producers sell their oil for dollars only.

I do agree that it's purchasing power has been decreasing.

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?

LOL. Euro?  Before USD there was English pound, before English pound there were Netherland whatever they had, before Netherland whatever they had was Spanish whatever they had. Why you think this currencies were world reserve currencies? This is quite simple history question.

When USD will lose role of world reserve currency CNY will take it. When CNY lose world reserve currency status Indian whatever they have will take it.  Maybe just maybe Bitcoin will jump in not sure when.

Can't predict how long it will take but China is definitely waging a monetary war. From the few I read they are increasing their gold reserve.

[1Referee]

But recently, the trend has changed to the side of the countries of Asia, their economies are developing rapidly and this fact puts the dollar at risk.

It doesn't really put the dollar at risk. If we're looking at the DXY chart, it shows an increase in strength, not a decrease. I expect it to keep doing well as there is no doubt about the fact that it is the most in demand fiat currency in the world. Any fiat currency gaining against the us dollar should be used to stock up on more us dollars.

I have converted most of my euros to us dollars years ago already. If I didn't do that I would have lost out on a lot of purchasing power. I don't rule out the possibility of seeing the euro sink under the $1 mark at some point of the future, which is why I have more us dollar exposure than euro exposure.

[sunsilk]

But how many stable coins are for euro or other currencies? 

There is Statis Euro (EURS) backed by Euro.

https://coinmarketcap.com/currencies/stasis-euro/

They have a website: https://stasis.net/

There's also Binance GDP

https://coinmarketcap.com/currencies/binance-gbp-stable-coin/

https://www.binance.je/en

I've seen other stable coins pegged by other currencies but I didn't mention it because the volume is too low.

[Google+]

in some countries may consider the dollar to weaken but indeed currently there are many economic problems that occur and in my opinion this is what makes fiat prices are unstable, now makes many traders confused, in my country the dollar exchange rate is stronger than the euro.

[yoseph]

in some countries may consider the dollar to weaken but indeed currently there are many economic problems that occur and in my opinion this is what makes fiat prices are unstable, now makes many traders confused, in my country the dollar exchange rate is stronger than the euro.

The US currency is pegged to the US economy and during Trump's tenure, the economy has been very great to the fact that people who initially thought he wouldn't be able to grow the economy are saying that he shouldn't be taking all the credit for the economic boom that the US economy are currently experiencing.

[Blossom15]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

The rumors are all part of the game and currency values fluctuate. The dollar will not be the strongest currency forever, but it sure is now.

[qwertyup23]

The strength of dollar stems from the its very history and nature, as US being the hegemonic country throughout the years. As they are considered the dominant country in all aspects of technology and economy, its market is able to increase the value of USD by exporting and importing products throughout the world.

I doubt that the current tenure of Trump is the reason behind the weakening of dollar but it may be considered as a factor.

The dollar has been dominant for nearly a hundred years due to the fact that the American economy has been strong and powerful for many years. But recently, the trend has changed to the side of the countries of Asia, their economies are developing rapidly and this fact puts the dollar at risk.

USA being the dominant country is always open for competition on its top spot. Like what you mentioned, Asian countries such as Japan, Singapore, etc. are starting to develop and increase the value of their currency proportional to their economy.

[blckhawk]

Current price does not determine which is stronger than what. US Dollar is definitely stronger since it's dominating the market in terms of trades, reserves and is generally accepted to have value. For your question as to why Euro has higher price, it's because the total market supply of Euro is far lower than that of USD. Lower supply would mean higher prices.

All fiat currencies experience monetary inflation, even Bitcoin has. New bitcoin is generated on intervals, which raises supply and decreasing price, same goes with fiat currencies.

[panganib999]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

US dollar is a universal currency that's why it's dominance is seemingly irreplaceable and cannot be easily overthrown by any currency. Unlike other currencies, no matter where you go across the world, you can still use a dollar to buy you just need to go to banks and do an exchange for their local money because of United States' relationship with other countries, it makes USD universal and versatile that it still have value no matter the place.

[CryptoBry]

Just because stablecoins are pegged and backed by the dollar does not make the dollar safe from possible economic problem which can affect all the country. The big reason why many are fearful on the future of the American economy is the gargantuan debt and the continuing printing of green bucks which can mean a runaway inflation once the whole world will stop using the dollar as the currency reserve and the one used in international commerce. Now, let's not of course spread hypes here and rumors. There are now many economists warning the country of the impending doom if the old ways are not rectified. At the end of the day, debtors do not win.

[Senaia]

Strong doesn't mean best or stable

100 USD 20 years ago is not the same as 100 USD today, it well known that the Dollar is losing value, as well as many Fiat currencies out there.

This is what happens when you print too much "paper", and can't back it up with enough resources and Gold, it starts to lose value.

[ashmodeus]

Some say that dollar is weak and getting weaker.
But dollar is still strongest currency.
My main question is what makes usd so dominant?
And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?

dunno, i don't know dollar getting weaked,even i dunno what makes dollar weaker.
yes, absolutely yes.
well,i guess Importers hold more US dollars for business activities. The dollar is also bought by many companies to pay dollar-denominated debt for fear of increasing dollar value. If the dollar is stronger, the debt becomes bigger.
for sure, i dont think euro will be replacing USD,even for 50 years more.

[STT]

100 USD used to mean about 5 ounces of gold I believe, after 1933 until the 1970's it was about 3 ounces.   Any time you watch an older movie think about that, USA really was very rich back then going on some of the figures.

1 sterling pound coin used to be made from gold, enough to weight about 1/4 an ounce of gold I think it is.   Now the coins are simple nickle or similar and the coin is about a dollar or so nowhere near the same values.

The difference is mostly we now have central banks able to produce whenever they feel like, previously they could only do it if purchasing the gold to put into the backing of the currency.  Now we have promises as backing, so politics and all its fine words are unfortunately not the worth each currency had before.

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?

EURO is tied to Dollar and to every other FIAT currency.  There are scared of gaining value and tried to spend as much as possible, that is the current thinking.  Euro cannot take over, its likely to fail like a domino if YEN or USD falls.
ECB now keeps negative rates and actively undermines their currency value to discourage any from using it as capital.    All these factors are important and relate to crypto which luckily is not tied to politics or the genius behind modern economics and the new ways to count.


Ive mentioned before SDR which is a currency operated by the IMF.   Its not a theoretical scenario, this is an actively operated currency but it is not available to people only the highest operators in the global reserve currency system and that would be national central banks.   They do have some gold but its safe to say SDR is political and FIAT with no reliable value in future but it is backed by every major country in the world for the purposes of trade.

[FlightyPouch]

Dollar would always be the most dominant fiat currency there is. Price is not always the best support for this statement. USD is the most used currency in the trading market, whatever market we are talking about, USD is there.

[Genemind]

Dollar will always be the international currency no matter how many currencies with larger values may appear. It's well established and has a stronger foundation so no currency could ever replace it. Dollar is actually not getting weaker as you have mentioned. It's just stable and Euro is actually relying on its price.

[LUCKMCFLY]

<...>

It is what is called the hegemony of the dollar since it represents 80% of global transactions and 60% of world reserves, in a nutshell its dominance comes at the end of World War II.

 You can expand more here: https://es.cointelegraph.com/news/the-crypto-that-could-end-the-hegemony-of-the-dollar-no-its-not-bitcoin

Although it sounds somewhat ironic, what is most handled is the US dollar, Europe does not care much because Brexit has brought some insecurity in the associated countries, on the other hand, China is a country that has always wanted to have power, especially economic terms and its currency, the Chinese Yuan has not taken it into account for stablecoins, the US dollar and the euro itself if they have been taken into consideration and have included almost all of them.

All this suggests that many stable currencies will come, after Mark Zuckerber announced the launch of Libra, all countries with more power have reacted, therefore, another series of interests has been activated.

In the local Spanish forum I talked about it: https://bitcointalk.org/index.php?topic=5191907.0

[NathanJB]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

Well, Euro is also facing the same problems which USD is facing. Euro is not working as if there are no problems with the currency at all. USD has been the number one currency in the world. It is in fact the default global currency. And I cannot see it being replaced in the next years to come, not even Euro. Euro is of course dominant in European Union and other parts of the European continent but the rest of the world is using USD as the world's currency. Asia, Africa, the two Americas, etc.   

[josephrioveros123]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

Well, Euro is also facing the same problems which USD is facing. Euro is not working as if there are no problems with the currency at all. USD has been the number one currency in the world. It is in fact the default global currency. And I cannot see it being replaced in the next years to come, not even Euro. Euro is of course dominant in European Union and other parts of the European continent but the rest of the world is using USD as the world's currency. Asia, Africa, the two Americas, etc.   

I can say that dollar is still the dominant currency because of the world dominance of US. We can say that US is the strongest country in the world and can have control on many economic systems. On the other hand Euro currency have higher value because. It is use in many country In other word it is on demand. Basic law of supply and demand the more the demand the highier it's value that is my point of view in this topic.

[Murat]

The US dollar is the most circulated money around the world, It's been established as the most common currency in the world, people export and import product by the payment of Dollar, wherever you go within this planet, US dollar always makes your way easy, since the price of Euro is more but the acceptance of US dollar is more than it so USD is the main element of the monetary market. one important thing relates to this difference that is the supply of Euro is very lower than USD so the dominance of USD is spreading out all over the world, A lot of countries are holding USD for the shake of their reserve. that's why the importance of USD is far away in comparison to other fiat currency.

[abhiseshakana]

Speaking why the US dollar is very dominant should look back to history how the US dollar can become a world exchange rate (https://www.thebalance.com/bretton-woods-system-and-1944-agreement-3306133)

According to the article above, I conclude that the US dollar has become dominant because:

1. The origin of the dollar can be a world exchange rate, because the United States gold reserves are the largest, so the developed countries of the United States alliance in the second world war agreed to control the local currency with the dollar.
2. The United States is the winner of World War II. The US has a stake in recovery and investment in many countries affected by the war
3. As the winner of the world war, of course, the US military power is the largest, so that the security conditions are relatively more stable so that the economic and political climate in America is more conducive
4. the total value of sales of all goods and services in the United States is still the largest (GDP) so that currency traffic between countries is very high so that the USD is still needed.

[Ctn]

Dollar is getting stronger and stronger only against other fiat currencies but it is not getting stronger actually. Because around 100 years ago we used to buy much more things from $1 than what we can buy today. This clearly shows how negative dollar's value has gone and this will go even more down as fiat are meant to be in such a way.

[alyssa85]

My main question is what makes usd so dominant?

Two things - they have never defaulted in the 200 years they have been in existence (like Britain). And they have interest rates at 2% (in the UK interest rates are 0.75%, in Japan -0.1% and in the eurozone -0.5%).

So if you want a stable govt and high interest rates, you would put your money in Treasuries - and in order to buy treasuries you sell your currency and buy dollars - and that strengthens the dollar.

The dollar is going nowhere. Currencies like the euro might disappear if they have another crisis.

[ReiMomo]

Dollar is getting stronger and stronger only against other fiat currencies but it is not getting stronger actually. Because around 100 years ago we used to buy much more things from $1 than what we can buy today. This clearly shows how negative dollar's value has gone and this will go even more down as fiat are meant to be in such a way.

I think it's because the USA is a powerful country all over the world the reason why the value of its fiat is big and dominant compared to another fiat. Well, Since Europe it the motherland of the USA so maybe there is a possibility if they will allow it but I think this time it's too hard to predict since the dollar has different features compared to the euro.

[cryptoknightt]

however the price movement also I see fiat conditions have a very dominant price movement, usd has a high demand and many platforms that use usd so that usd is now the king of fiat.

[Apes]

The USD is dominant because the USD is the most stable currency in terms of other currencies, so it is widely used throughout the world, with stable prices many people use it to trade without worries that the exchange rate is down. and because the international market has been accustomed to using the USD it will be difficult for the Euro to replace it, however it is not impossible if European trade mandatory using the Euro as their transaction tool to replace the dominance of the USD in Europe.

[ChrisPop]

The fiat currencies in general are weak and will get weaker and weaker as time goes by due to the inflation. That is why you should get rid of your fiat currencies as soon as possible. By "get rid of" I mean invest them into income producing assets or hard-assets that generally appreciate in value over time like gold or Bitcoin? or real estate. If a currency is stronger than another it is most usually because the supply and demand law. A lower supply currency could be much higher in value than one which is widely spread and the demand doesn't grow with the supply. Of course there are other factors, but we're not at the macroeconomics class here 

[semobo]

I don't think dollar is getting stronger but many currencies around the world lost its value which leads the price of USD to be high for their value so they become like a dominant currency but not far away from losing their dominance in the world economy since already underworld transactions are mostly in crypto if more countries make it legal then we can see it everywhere.

[TinaK]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

Because Dollars is under control and due to the power hands of US. This USD seems stronger than any other fiat currenciez in this world.
If you see the Kuwaiti dinar which is costliest in the market but it is not highly used than USD in the market.
So don't compare cryptocurrencies with fiat currencies.

[supto005]

Who said that the dollar is weak and getting weaker? Dollar use for international market price. In the international market, the dollar is used not the euro. USD will never be replaced by the Euro.

[1Referee]

The dollar is going nowhere. Currencies like the euro might disappear if they have another crisis.

It's only a matter of time.

The banking system in europe is rotten to its core. A few weak but extremely large banks (Deutsche Bank is a perfect example) are capable of dragging the euro down to new lows. All it takes is one blip in the economy and these banks will implode with catastrophic consequences for pretty much the whole world.

Deutsche Bank's stock price keeps marking lower lows. It's currently €1.18 away from its all time low it marked in August of this year. This chart looks identical to a chart of a failed token project that's down by more than 90%.

[glendall]

The US Dollar has become the central money due to the existence of the world bank, while why are EUR and USD values more expensive EUR? in my opinion it is because there is a long history behind it, but unfortunately I do not remember correctly, but I always believe that money (FIAT) will weaken every year because of inflation that cannot be prevented, and cryptocurrency is the solution.

[nasipadang]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

Things you should know in the world economy, price is not a determinant of domination, but how much economic power from each country can determine domination, we are talking in various sectors of the world economy. FIAT is centered on the government, if you compare it with cryptocurrency which is determined by who(coin) adoption is more numerous, and that is the difference how work.

[shoreno]

Who said that the dollar is weak and getting weaker? Dollar use for international market price. In the international market, the dollar is used not the euro. USD will never be replaced by the Euro.

yeah .  when we we saw the word usd , everyone is familiar with it but when eur ? only few people will recognize it  . me myself dont know if what country eur originated and if what value eur have  . its normal for fiat currency to decrease sometimes but that does not mean that they are getting weaker  because just like cryptos , their value can also recover and grow a little bit more   . usd is like the btc in crypto  ,  in short its the general measurement of all the currencies  .

[Dhoe]

This is because the dominance of the American Dollar is still the king of world currencies so that all domestic exchanges still use USD pairs. But I am among those who believe that the US dollar will collapse along with other fiat money which will be replaced by digital money, Bitcoin et al.

[error08]

This is because the dominance of the American Dollar is still the king of world currencies so that all domestic exchanges still use USD pairs. But I am among those who believe that the US dollar will collapse along with other fiat money which will be replaced by digital money, Bitcoin et al.

Nope, USD will not collapse even in another century and bitcoin can not replace fiat currency due to its scalability issue.
USD backed by the U.S. government which symbolizes economic power, as long as their economy is working just fine, the USD will remain a strong currency compared to other currencies. Moreover, the U.S. government has tons of gold reserves (4,580 metric tons of gold bullion) in fort knox as the back-up plan.

[AniviaBtc]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

Yes, dollar is still the winner above all currencies. It is getting higher wnd higher rate than the other currencies. i think euro will get there very soon. But for now, we can all see that euro can't defeat usd. It's a sad part for the euro.

[mersal]

This is because the dominance of the American Dollar is still the king of world currencies so that all domestic exchanges still use USD pairs. But I am among those who believe that the US dollar will collapse along with other fiat money which will be replaced by digital money, Bitcoin et al.

Nope, USD will not collapse even in another century and bitcoin can not replace fiat currency due to its scalability issue.
USD backed by the U.S. government which symbolizes economic power, as long as their economy is working just fine, the USD will remain a strong currency compared to other currencies. Moreover, the U.S. government has tons of gold reserves (4,580 metric tons of gold bullion) in fort knox as the back-up plan.

Prediction says in the next 10 to 15 years US will lose its position from strongest nation on every aspect and China is expected to be the super power so another century is too high expectation.Already US having issues with inflation rate which happened never before so its the beginning of their fall or they will pick the right leader next time?

[Edraket31]

This is because the dominance of the American Dollar is still the king of world currencies so that all domestic exchanges still use USD pairs. But I am among those who believe that the US dollar will collapse along with other fiat money which will be replaced by digital money, Bitcoin et al.

Nope, USD will not collapse even in another century and bitcoin can not replace fiat currency due to its scalability issue.
USD backed by the U.S. government which symbolizes economic power, as long as their economy is working just fine, the USD will remain a strong currency compared to other currencies. Moreover, the U.S. government has tons of gold reserves (4,580 metric tons of gold bullion) in fort knox as the back-up plan.

Prediction says in the next 10 to 15 years US will lose its position from strongest nation on every aspect and China is expected to be the super power so another century is too high expectation.Already US having issues with inflation rate which happened never before so its the beginning of their fall or they will pick the right leader next time?

That could be possibly happen at that time, especially if crypto has been adopted by most countries and we started the quantum generation, we don't know yet, China might have some bigger plan too regarding crypto. But, I don't think that fiat currencies will be gone in 10-15 years from now, we might still have fiat and adopted crypto as well.

[ene1980]

Some say that dollar is weak and getting weaker.

It is simply because of the increasing US debt and has touched a record valuation but the advantage of a weakening dollar goes to exporters.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

I have heard sometime back that bittrex and brave team were planning to come up with an Euro pegged stable currency but i am not sure what happened after that.

My main question is what makes usd so dominant?

The answer is simple it is used globally to trade and hence its dominance.

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?

The basic reason is low supply of Euro than US dollar. If the global trade market thinks that they need a change then we might see a USD being replace by Euro but it is highly unlikely in the neat future.

[ufaiz50]

Who says the dollar is weakening? Hard leadership trumps and selfish and strict regulations, let alone the country's economic strength. What I see there is a dollar that is not weakening, even though the two countries that are waging an economic war may can fall in the value of the local currency of another country. If you expect a weak usd it is one sign of the global economic collapse.

History of why the USD became the leader of the currency exchange rate, because the US has always had the largest gold reserves of almost 3: 4 worldwide. if you look at the market at this time the dominance should be in the euro, even so the value of the USD will remain the exchange rate and as a global currency.

[danherbias07]

It means war if another currency overtakes them.
Why war? Simple, they can create money again by making war.
They are the number 1 supplier of arms and weapons in the whole world and their economy will easily go to the roof once it done.

Name it, Bush, Clinton and other presidents. They know how their economy could soar in just a short time.
They made different news or even manipulated the resistance of one country just so they could sell their weapons even in a cheaper price. Even some of them are already used.

USD down? No freaking way.

[haidil]

I think, the euro will not replace the dollar. and the dollar does not weaken at all, every transaction in any country receives dollars compared to other currencies.

[STT]

Euro to some extent has replaced dollar in that Euro is stored by many countries as a reserve asset but that makes sense as EU does alot of trade.   Prior to EURO we had major currencies of France and Germany which now are replaced by EURO so of course EURO is used an is some replacement for Dollar.
   The price for Dollar has not suffered especially though it has fallen since the start of the century and of course we know the price of oil has risen since then, generally the price of alot of things has risen since then and we mostly acknowledge that currency regularly loses value and will continue to do so.    The bargain made is that the decline of currency value is regular and predictable and so dollar is stored in some regular trading way by major partners.

the advantage of a weakening dollar goes to exporters.

If exporting for a currency worth less then less value is received in exchange, its not that useful an advantage to say I will take less money for the goods I have produced.   For example USA could export alot of oil now they have raised production but also USA consumes alot of oil and so the weak dollar means problems with trade balance occur where more money is required to buy products abroad then is received for the sale of goods produced domestically.
  A weak currency is not especially beneficial except that in allowing a free float value to currency it does give some ability to cope with varied competetiveness and ensure that industry does not see a lack of orders and decline and lose momentum in an economy.

[yulionoo]

the US dollar has always been dominant and has become an international currency. in my opinion because the United States is a country that won the second world war. then America poured funds in dollars to countries that suffered defeat during the war. I think this is where the dollar becomes the dominant currency. and America is a country with a strong economy. so it's no wonder that until now the dollar will remain the dominant currency in the entire world.

[riso2015]

I think, the euro will not replace the dollar. and the dollar does not weaken at all, every transaction in any country receives dollars compared to other currencies.

Yess that right I see that only Crypto can replace the Dollar, not the Euro. The future of Cryptocurrency
is still long and I'm sure someday people will use Crypto as a method of payment for any transaction.

[Bitcoin Seller]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

US dollar is a universal currency that's why it's dominance is seemingly irreplaceable and cannot be easily overthrown by any currency. Unlike other currencies, no matter where you go across the world, you can still use a dollar to buy you just need to go to banks and do an exchange for their local money because of United States' relationship with other countries, it makes USD universal and versatile that it still have value no matter the place.

We live in a centralized society, where we all depend on the government and national currency or dollar (as you say, the "universal" money). Therefore USD in great demand, and still, cryptocurrency, even the best-trusted like Bitcoin, cannot compete with a dollar. It might go up or down, but it will always dominate our life, even if we agree that crypto is the way to live better.

[BitHodler]

even the best-trusted like Bitcoin, cannot compete with a dollar. It might go up or down, but it will always dominate our life, even if we agree that crypto is the way to live better.

As long as Bitcoin's price is valued in dollars, it's clear what the dominant currency is---that is the dollar in every shape or form. I not even for a second thought that Bitcoin would ever replace the dollar....

If we at some distant future see the dollar come to an end, it will be replaced by something yet again issued by the US government.... neither Bitcoin or gold will become a standard even though a lot of people hope for that to happen.

Bitcoin is fine being an alternative. Whenever you need censorship resistance, it's there for you to use at any time of the day, while fiat will continue being the main standard of payments.

[haidil]

I think, the euro will not replace the dollar. and the dollar does not weaken at all, every transaction in any country receives dollars compared to other currencies.

Yess that right I see that only Crypto can replace the Dollar, not the Euro. The future of Cryptocurrency
is still long and I'm sure someday people will use Crypto as a method of payment for any transaction.

I think, maybe it could happen.but most still use USD, nothing is impossible for crypto as a payment tool to replace USD.

[desticy]

I am sure it’s not without reason that the regulators took up Bitfinex ​​and their options for the digital dollar.  
According to the latest news, it can be concluded that the United States is going to issue its own digital dollar in order to strengthen its influence in the digital environment.
Probably the United States wants to take the Bitfinex place with Tezer in this way. France also spoke about the national digital currency.

[GreenStox]

USD will always be able to provide price stability because this USD has a lot of restraint, USD can also be used anywhere so that it will not be easy to make the condition of USD collapse, only an extraordinary economic crisis will have a negative impact on fiat currencies.

[desticy]

USD will always be able to provide price stability because this USD has a lot of restraint, USD can also be used anywhere so that it will not be easy to make the condition of USD collapse, only an extraordinary economic crisis will have a negative impact on fiat currencies.

Collapse can have a very different effect on the economic system. In most cases, the collapse will cause the dollar to become an even more sought-after currency in the world.
Of course, I'm talking about wars, as it was before. Always the US economy during the war showed wild growth.
In order for the dollar to lose its influence, it will be enough for all countries of the world to switch to any one single currency.
This is precisely what those who are now attacking Libra are afraid of.

[bitgolden]

The united states is still the strongest nation in the world and of course their collar will surely be the most recognized currency in the world, if it was an European country that was holding the power that the United state is holding, I am sure that the European country would have been the one to actually top as regards currency ranking.

Do you know the role that the United states too plays in keeping this coin strong? Look at what they did when Venezuela wanted to release their currency, they quickly disapprove it so that they can continue to rely on their dollar and never wanted a situation whereby they will get freedom because once they do, the United states as lost one part of the factor that is making their currency relevant and popular, but the days of the currency is numbered.

[huige007]

even the best-trusted like Bitcoin, cannot compete with a dollar. It might go up or down, but it will always dominate our life, even if we agree that crypto is the way to live better.

As long as Bitcoin's price is valued in dollars, it's clear what the dominant currency is---that is the dollar in every shape or form. I not even for a second thought that Bitcoin would ever replace the dollar....

If we at some distant future see the dollar come to an end, it will be replaced by something yet again issued by the US government.... neither Bitcoin or gold will become a standard even though a lot of people hope for that to happen.

Bitcoin is fine being an alternative. Whenever you need censorship resistance, it's there for you to use at any time of the day, while fiat will continue being the main standard of payments.

When fiat came, gold was replaced. Similarly, now if we have crypto currencies that simply means fiat days’ are coming to an end. However, your concern regarding dollar is something to think about. In my opinion, it is not that US government is controlling economy just because bitcoin can be converted into dollars. There are few places where you can directly pay in bitcoin, no conversions required at all.

[STT]

Dollar will always be the international currency no matter how many currencies with larger values may appear. It's well established

 Every well established currency has been replaced after some time especially when it failed to convey value reliably for the population of users.   The problem we have is within our lifetimes we have no reason to doubt it will continue as a standard as previously but historically it would be normal for transition to another standard.

Dollar is getting stronger and stronger only against other fiat currencies

Dollar is strong in FIAT terms but also this is by deliberate coordination with other central banks.   Long ago the Bretton Woods agreement placed Dollar as the worlds central reserve currency but this also was at a time when Dollar was backed by gold.  The main reason to do so is order that every dollar is backed by a solid asset value not debt or trade deficit.  Unfortunately right now we have accumulation of debt and also trade deficits such that much is owed in built up balances across global trade, the creditors to this debt see it as some benefit to carry on the debt so that trade may be facilitated.
  My main point would be that change is inevitable and we dont have to speculate too far to note that debt balances have become excessive and their highest in history especially per capita.   Where values are stretched it becomes more possible that re-balance may occur, stack a pile high enough and it might tumble and readjust some and most of us recognize that natural adjustment is probably more powerful then all our governments and politics can force to be otherwise.

[barabarian1]

although the value of the euro is higher but it cannot beat the dollar in terms of dominance. after winning the second world war the United States is a country that has the most gold reserves of nearly three-quarters of all existing gold reserves on earth. no other country can rival America's gold reserves. that's why the dollar became the dominant currency and became a reference for world exchange rates. as long as the American state is still strong in politics and economy the dollar will remain the dominant currency.

[airdnasxela]

Maybe because US dollars are leading in the foreign exchange market. And is the most traded currency, not only locally but also internationally. Although euro is popular along with dollars, it is still the most popular. According to what I have researcher, euro being the second closest reserve currency was damaged due to eurozone crisis. Dollars is leading so far compare to euro.

[Obito]

My main question is what makes usd so dominant?

Must be from the country's economy was in properly situation. Therefore, products and services seemed to be more affordable for the citizens in their that on the other hand third world countries currency should be double to able buy one of those. In other case like crypto currency it seems that people who uses bitcoin or other altcoins counts less than the people who uses USD besides the risk in bitcoin is pretty much obvious than USD in my opinion.

[alyssa85]

Dollar will always be the international currency no matter how many currencies with larger values may appear. It's well established

 Every well established currency has been replaced after some time especially when it failed to convey value reliably for the population of users.   The problem we have is within our lifetimes we have no reason to doubt it will continue as a standard as previously but historically it would be normal for transition to another standard.

The switch from the Pound to the Dollar required a switch in oil, gold and other commodities to being priced in dollars rather than pounds.

This was a condition of the post-war loans the US made to the UK in 1947.

If the UK hadn't been wrecked by World War II, then the pound would still be the global currency.

So - the dominant currency is due to a mix of economic and military strength.

[SummerBliss]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

Yes agree with you that dollar is the strongest currency but it has some reasons like dollar being the most used currency in international trade and to settle claims around the world.Moreover most of the countries maintain reserves with them in respect to dollar and oil barrels are sold in market with dollar prices.So it remains at top in all currencies.

[tambok]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

Yes agree with you that dollar is the strongest currency but it has some reasons like dollar being the most used currency in international trade and to settle claims around the world.Moreover most of the countries maintain reserves with them in respect to dollar and oil barrels are sold in market with dollar prices.So it remains at top in all currencies.

Dollar is really the most powerful currency, as it is a global currency that is accepted for trade throughout the world. It is the most popular world's currencies that is accepted for most international transactions. Actually,  there are more than one-third of the world's GDP comes from countries that peg their currencies to the dollar.

You may check here for further info https://www.thebalance.com/world-currency-3305931

[Darooghe]

Some say that dollar is weak and getting weaker.
But dollar is still strongest currency.
Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
My main question is what makes usd so dominant?

Simply because people still want US dollars. That is the fundamental key behind the strength of the dollar: people around the world want to buy US dollars. Now, the why is going to be huge and multifaceted. Part of it is that oil is sold in dollars, other factors include that US goods and services are still highly valued, and those also have to be paid for with US dollars.

In addition, the dollar is regarded as 'stable', so people buy dollars to store value. Furthermore, US Treasury Bills are seen as very good, very stable investments, and they are both bough for and pay out in dollars, creating even more demand for US dollars. the answer you want is that people want US dollars, but the answer to the 'why' for that is huge and multifaceted, and definitely not down to any single factor.

[BitHodler]

Although euro is popular along with dollars, it is still the most popular. According to what I have researcher, euro being the second closest reserve currency was damaged due to eurozone crisis. Dollars is leading so far compare to euro.

The Euro is a joke, and I'm using it every single day, which is the worst part.... I rather hold anything nominated in USD value than EUR value, because it's bound to keep falling with no end in sight.

If you held an asset nominated in EUR throughout the last couple of years, you lost big time, while most assets nominated in USD saw their value increase. It's clear that the USD is where you can find most of the confidence.

It's more likely that we will fall back to the gold standard than see a EUR standard become a real thing, especially with how I believe that there isn't a single fiat currency that can do well with the USD imploding.

[Wysi]

My main question is what makes usd so dominant?

Must be from the country's economy was in properly situation. Therefore, products and services seemed to be more affordable for the citizens in their that on the other hand third world countries currency should be double to able buy one of those. In other case like crypto currency it seems that people who uses bitcoin or other altcoins counts less than the people who uses USD besides the risk in bitcoin is pretty much obvious than USD in my opinion.

It's the acceptance of USD throughout the world which makes it so dominant and the credit goes to the government of USA and it has a long history of violence in order to make the USD so dominant and the main reason USD standouts among-st the other fiat is the fact trades are decided over USD I am sure those who are into import export will understand what am I trying to portray, we have witnessed a Libyan military coup that was created to stop making gold as a trading standard against the USD. I believe only the acceptance makes a fiat dominant. Bitcoin still has a long way to go but it's still possible if bitcoin reaches out to the real life transactions.

[palle11]

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

I don't see that being realized because dollar has already dominated in world wide trading activities. Even the countries that make up the euro currency, are trying to breakout and that might make the euro to drop if it happens. For instance, England with the brexit agenda is fighting seriously to go off from the euro currency.

[alyssa85]

Although euro is popular along with dollars, it is still the most popular. According to what I have researcher, euro being the second closest reserve currency was damaged due to eurozone crisis. Dollars is leading so far compare to euro.

The Euro is a joke, and I'm using it every single day, which is the worst part.... I rather hold anything nominated in USD value than EUR value, because it's bound to keep falling with no end in sight.

If you held an asset nominated in EUR throughout the last couple of years, you lost big time, while most assets nominated in USD saw their value increase. It's clear that the USD is where you can find most of the confidence.

It's more likely that we will fall back to the gold standard than see a EUR standard become a real thing, especially with how I believe that there isn't a single fiat currency that can do well with the USD imploding.

Out of interest, how are you protecting yourself? Moving into dollars or into bitcoin or both.

IMO the biggest risk is if the Germans decide they're fed-up of negative interest rates and exit the euro. I expect the euro will plunge in value by a good 40% if they leave.

[ReiMomo]

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

I don't see that being realized because dollar has already dominated in world wide trading activities. Even the countries that make up the euro currency, are trying to breakout and that might make the euro to drop if it happens. For instance, England with the brexit agenda is fighting seriously to go off from the euro currency.

Well, I don't think that will happen. As we all know the USA is a powerful country and there's no way that they will allow that dollar will lose it's popularity or might get weak. I do believe that they are working so hard on it and they are fully developed country. Well, dollar is dominant because it is universal money. You can use it in every country of this world. Probably the country of the USA is one of the most powerful country.

[Xxmodded]

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

I don't see that being realized because dollar has already dominated in world wide trading activities. Even the countries that make up the euro currency, are trying to breakout and that might make the euro to drop if it happens. For instance, England with the brexit agenda is fighting seriously to go off from the euro currency.

Well, I don't think that will happen. As we all know the USA is a powerful country and there's no way that they will allow that dollar will lose it's popularity or might get weak. I do believe that they are working so hard on it and they are fully developed country. Well, dollar is dominant because it is universal money. You can use it in every country of this world. Probably the country of the USA is one of the most powerful country.

EURO still dominace than USDT and euro never replace for usdt, how ever if bitcoin become popular transaction payment USDT still dominance as transaction payment, many country still use USDT as fiat transaction for export and import their commodity to other country, USDT keep stable coin using by many government for every transaction and can not replace by bitcoin or altcoin.

[bitgolden]

I don't see that being realized because dollar has already dominated in world wide trading activities. Even the countries that make up the euro currency, are trying to breakout and that might make the euro to drop if it happens. For instance, England with the brexit agenda is fighting seriously to go off from the euro currency.

With America still America, it would have even been impossible for Euro to take over the USD even if they had not had this plan of England breaking out. The united states has held so much power that they will do everything possible to ensure that their usd does not loose relevance, and we see how they have tried everything possible to even make bitcoin usage impossible, but the only luck that bitcoin had and why they have not been successful is that bitcoin was built on a decentralized platform.

All these other fiat currencies are all operating through a centralized system, which makes it very easy for their government to manipulate their way and ensure that euro does not see the light of the day and it will even become very tight for euro now that there is cryptocurrency.

[buwaytress]

With America still America, it would have even been impossible for Euro to take over the USD even if they had not had this plan of England breaking out. The united states has held so much power that they will do everything possible to ensure that their usd does not loose relevance, and we see how they have tried everything possible to even make bitcoin usage impossible, but the only luck that bitcoin had and why they have not been successful is that bitcoin was built on a decentralized platform.

All these other fiat currencies are all operating through a centralized system, which makes it very easy for their government to manipulate their way and ensure that euro does not see the light of the day and it will even become very tight for euro now that there is cryptocurrency.

And funnily enough, all of that power and might is held in the throes of debt. Every time the US flexes, it reminds me of that kid from school who splashed his money around, looking glam and impressing the girls, and suddenly looking so cool and full of personality, helped on by the illusion of power (money).

And then all the while, his credit card's bank is happy with every swipe, cause they want to own him, his home, his land, his credit.

Now imagine who smiles every time Uncle Sam and the Fed splash out with them dollars.

And then, imagine why the worry when Bitcoin entered the scene.

[White Christmas]

My main question is what makes usd so dominant?

Simply because usd or united states dollar is the local currency of the America who is the number one country who have a good econmic growth, and also their economy is far beyond the others so that usd become so dominant among all of the local currencies. We can also see it when we converted bitcoin to usd it was alread established that this is the initial conversion of the OP so that would probably the main reason why usd is so dominant, this is all about the economic growth of the country.

[Triffin]

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

I don't see that being realized because dollar has already dominated in world wide trading activities. Even the countries that make up the euro currency, are trying to breakout and that might make the euro to drop if it happens. For instance, England with the brexit agenda is fighting seriously to go off from the euro currency.

No doubt dollar has been ruling the market for long and as it is the currency of present super power, we all can expect this. Euro being back-lashed by few countries will affect it badly. But dollar will not stay ruler forever. As the times are changing and technology is penetrating into every aspect of life, soon digital currencies will take over fiat and then bitcoin will become the new ruler of all.

[Wysi]

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

I don't see that being realized because dollar has already dominated in world wide trading activities. Even the countries that make up the euro currency, are trying to breakout and that might make the euro to drop if it happens. For instance, England with the brexit agenda is fighting seriously to go off from the euro currency.

No doubt dollar has been ruling the market for long and as it is the currency of present super power, we all can expect this. Euro being back-lashed by few countries will affect it badly. But dollar will not stay ruler forever. As the times are changing and technology is penetrating into every aspect of life, soon digital currencies will take over fiat and then bitcoin will become the new ruler of all.

Digital currency is definitely the future but when we say digital currency there are lot of options available and I feel if digital currency topples dollars then it would be an stable coin rather than bitcoin or other fluctuating altcoins as people will expect for stability. But bitcoin will always be preferred as the first choice if someone is looking for investment into crypto but when it comes to toppling fiat I don't think Bitcoin is equipped to do that.

[adzino]

No, why would USD replace EURO? I mean in what sense are you saying that US dollars might replace Euro? US dollar is already considered as the reserved currency of choice. It is more dominant because it is the most  stable and widely traded currency. Euro can become stable enough only when EU instead of being a hybrid system turns into true federation. Then EURO might end up taking over USD as a choice of reserve currency.

[panganib999]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

USD is a universal currency, wherever you go you can still use USD because it's convertible with different currencies due to the universal relationship of U.S to other countries even the most far away and centralized countries. If you're gonna compare it with languages, it's comparable with english, being understandable or if not, usable in terms of communicating for it was labeled as a universal language. I don't think really think euro can replace USD, the laters dominance is just too heavy to dethrone it easily.

[Eugenar]

The dollar has been dominant for nearly a hundred years due to the fact that the American economy has been strong and powerful for many years. But recently, the trend has changed to the side of the countries of Asia, their economies are developing rapidly and this fact puts the dollar at risk.

One of the reason why USD is dominant is because of the number of transaction that we have in exchange to USD. Plus, the adoption of people to USD as one of the major conversions from their own fiat currency. But in terms of bitcoin, there's a possibility that bitcoin dominance and other altcoins can still be on top when the theirmarket price grows enough and their volatility decreases. In this case, it could be adopted as the main currency for daily transactions.

[Edraket31]

The dollar has been dominant for nearly a hundred years due to the fact that the American economy has been strong and powerful for many years. But recently, the trend has changed to the side of the countries of Asia, their economies are developing rapidly and this fact puts the dollar at risk.

One of the reason why USD is dominant is because of the number of transaction that we have in exchange to USD. Plus, the adoption of people to USD as one of the major conversions from their own fiat currency. But in terms of bitcoin, there's a possibility that bitcoin dominance and other altcoins can still be on top when the theirmarket price grows enough and their volatility decreases. In this case, it could be adopted as the main currency for daily transactions.

Yes, besides USD is the currency that is widely used in international transactions, such as buying and selling of oil and other goods, remittance of money, and many more, so USD is really the considered global currency. But, let's see in the future, let's hope crypto could be considered too.

[meliodas]

The dollar has been dominant for nearly a hundred years due to the fact that the American economy has been strong and powerful for many years. But recently, the trend has changed to the side of the countries of Asia, their economies are developing rapidly and this fact puts the dollar at risk.

One of the reason why USD is dominant is because of the number of transaction that we have in exchange to USD. Plus, the adoption of people to USD as one of the major conversions from their own fiat currency. But in terms of bitcoin, there's a possibility that bitcoin dominance and other altcoins can still be on top when the theirmarket price grows enough and their volatility decreases. In this case, it could be adopted as the main currency for daily transactions.

Yes, besides USD is the currency that is widely used in international transactions, such as buying and selling of oil and other goods, remittance of money, and many more, so USD is really the considered global currency. But, let's see in the future, let's hope crypto could be considered too.

Cryptocurrency is already considered as an international currency. You can buy and sell some goods online and prefer to pay or receive cryptocurrency as a mode of payment. Cryptocurrency has no boundaries because of the decentralization so you can do what you want with the coins that you have. USD is slowly losing its consumers because little by little, they are transferring to crypto.

[el kaka22]

Euro doesn't need to take over dollar in the world, euro is only for Europe and they are doing fine with their own currency. That was the whole reason for it, when there was individual currencies for each nation there was a problem with dollar domination on all of them in exchanges, but now that they have euro, dollar can't really bother them anymore, not when they are doing business cross borders.

Anyone from Belgium could go to Netherlands for a weekend gateaway and doesn't need to change their money to something else. Sure, dollar is still the main money in third world countries and everywhere else other than Europe but when it comes to euro zone the money you need is euro and that is enough for them. There are tons of nations who are working to get into euro because of it.

[deisik]

My main question is what makes usd so dominant?

It is the strength of the economy that determines the strength of its currency

So if an economy is weak and failing, its currency cannot be strong by definition. In this frame of reference, it becomes glass clear why the dollar is still dominating the world. In simple terms, it is because the US, as a nation and country, massively dominates the world in almost any area of relevance and importance

Regarding why Euro is more expensive than the dollar, it is simply an accounting identity of sorts - there are more dollars in circulation that euros. So even if the purchasing power of one dollar can be lower than that of one euro, it doesn't mean that euro is a better currency than the US dollar

[Eugenar]

My main question is what makes usd so dominant?

Simply because usd or united states dollar is the local currency of the America who is the number one country who have a good econmic growth, and also their economy is far beyond the others so that usd become so dominant among all of the local currencies. We can also see it when we converted bitcoin to usd it was alread established that this is the initial conversion of the OP so that would probably the main reason why usd is so dominant, this is all about the economic growth of the country.

Most of the time, people utilize USD, in particular, in terms of cryptocurrency, what people want is a stable crypto which can be considered as conversion of fiat. In this case, dollar is the strongest because the conversion is directly from BTC to USD, unlike with other nation's fiat, there is no cryptocurrency that is directly convertible to their respective fiat currency. In return, stable coins with USD in equivalence is getting stronger in time, since there's not much choices that a user can choose from.

[HarmonyA]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies?  

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

A worldwide currency is one that is acknowledged for exchange all through the world. That makes it the true worldwide currency, despite the fact that it doesn't hold an official title.
One third of the world's total national output originates from nations that peg their monetary forms to the dollar. In the foreign exchange market, the dollar rules. 

[khunyung]

Euro doesn't need to take over dollar in the world, euro is only for Europe and they are doing fine with their own currency. That was the whole reason for it, when there was individual currencies for each nation there was a problem with dollar domination on all of them in exchanges, but now that they have euro, dollar can't really bother them anymore, not when they are doing business cross borders.

Anyone from Belgium could go to Netherlands for a weekend gateaway and doesn't need to change their money to something else. Sure, dollar is still the main money in third world countries and everywhere else other than Europe but when it comes to euro zone the money you need is euro and that is enough for them. There are tons of nations who are working to get into euro because of it.

Totally agreed.
I'd add China in the list of countries who doesn't need USD that much.
Also China is self-sufficient state (mostly) so outer world doesn't really affect inner situation in the country.

[crossabdd]

USD is the US currency. which this country is a superpower, developed and has power over technology. most technology centers are there. and international currency is USD. and why the USD is weakening, because China has controlled the world economic market. In addition, the largest crypto in China and the Chinese government has built their crypto currency. while US refused crypto. this is one of the reasons the USD has begun to weaken.

[Vishnu.Reang]

USD is the US currency. which this country is a superpower, developed and has power over technology. most technology centers are there. and international currency is USD. and why the USD is weakening, because China has controlled the world economic market. In addition, the largest crypto in China and the Chinese government has built their crypto currency. while US refused crypto. this is one of the reasons the USD has begun to weaken.

Well.. I am not sure about it.. In my opinion, the United States Dollar is still the strongest fiat currency out there. The vast majority of the international trade is being conducted using USD. And the only currency which can offer meaningful competition to the USD is the Japanese Yen. Euro looks stronger in paper, but its purchasing power, as well as the exchange rate has gone down against the USD during the last few years.

[makolz26]

USD is the US currency. which this country is a superpower, developed and has power over technology. most technology centers are there. and international currency is USD. and why the USD is weakening, because China has controlled the world economic market. In addition, the largest crypto in China and the Chinese government has built their crypto currency. while US refused crypto. this is one of the reasons the USD has begun to weaken.

Just like Bitcoin as the king of cryptocurrency, USD is the king of fiat, despite the fact that China's economy is really rising these past few years over the US, still all countries are using the USD as their basis currency. Yes, China really would finally launch their own crypto, so let's watch out carefully how it will affect the market in Bitcoin.

[keeee]

My main question is what makes usd so dominant?

Simply because usd or united states dollar is the local currency of the America who is the number one country who have a good econmic growth, and also their economy is far beyond the others so that usd become so dominant among all of the local currencies. We can also see it when we converted bitcoin to usd it was alread established that this is the initial conversion of the OP so that would probably the main reason why usd is so dominant, this is all about the economic growth of the country.

I agree we can see how good the economy of united states.  America is one of the best country that we can say when it comes to economic growth.  They manage it well which the usd makes more stronger than euro.  Once a country know how to run a currency it will be valuable even other currencies have higher value.

[buyinbtc]

My main question is what makes usd so dominant?

Simply because usd or united states dollar is the local currency of the America who is the number one country who have a good econmic growth, and also their economy is far beyond the others so that usd become so dominant among all of the local currencies. We can also see it when we converted bitcoin to usd it was alread established that this is the initial conversion of the OP so that would probably the main reason why usd is so dominant, this is all about the economic growth of the country.

I agree we can see how good the economy of united states.  America is one of the best country that we can say when it comes to economic growth.  They manage it well which the usd makes more stronger than euro.  Once a country know how to run a currency it will be valuable even other currencies have higher value.

Well they are managing it well right now when there's seemingly no massive problem. However, we're literally on a bring of a new financial crisis that is going to be much stronger than the one that we had in 2008. Don't think that US will manage to withstand this one. Either we will see the complete government disappearance or some other country will become the superpower like China or Russia. Hopefully bitcoin will boom in those times too.

[avatar_kiyoshi]

USD is the US currency. which this country is a superpower, developed and has power over technology. most technology centers are there. and international currency is USD. and why the USD is weakening, because China has controlled the world economic market. In addition, the largest crypto in China and the Chinese government has built their crypto currency. while US refused crypto. this is one of the reasons the USD has begun to weaken.

Just like Bitcoin as the king of cryptocurrency, USD is the king of fiat, despite the fact that China's economy is really rising these past few years over the US, still all countries are using the USD as their basis currency. Yes, China really would finally launch their own crypto, so let's watch out carefully how it will affect the market in Bitcoin.

In other words, USD is Reserve Currency, that's why USD is the benchmark for currencies around the world. And in other words, Bitcoin is reserve cryptocurrency.
I'm not sure that the USD will continue to dominate, the rumor is that Trump is interested in gold and wants to make it as currency, most likely due to recent USD inflation, Trump is preparing plans for it.

[beerlover]

USA is good because of capitalism but it does come with its price. Old people used to say "we used to have money but didn't had anything buy, now there is a lot to buy but we don't have the money" and we all know what they mean by that now. When capitalism first started it was a good idea, the gap wasn't that big and there was a big middle class, in 60's you could live in USA, be a factory worker and have a house that you paid for and send your children to college and could own couple cars or change your car every 5 years.

Nowadays the wealth gap is bigger so there are a lot of poor people and few rich people, there are very few factories as it is because its overseas and people who do manual labor can't afford a house at all, can't send their kids to college or even a bad health risk could set them back for years.

[ontrackk]

USA is good because of capitalism but it does come with its price. Old people used to say "we used to have money but didn't had anything buy, now there is a lot to buy but we don't have the money" and we all know what they mean by that now. When capitalism first started it was a good idea, the gap wasn't that big and there was a big middle class, in 60's you could live in USA, be a factory worker and have a house that you paid for and send your children to college and could own couple cars or change your car every 5 years.

Nowadays the wealth gap is bigger so there are a lot of poor people and few rich people, there are very few factories as it is because its overseas and people who do manual labor can't afford a house at all, can't send their kids to college or even a bad health risk could set them back for years.

this is because that's how capitalism works.  Even though it provides people with a lot of products unfortunately due to inflation it is harder and harder to buy the stuff. I believe that in the future sooner or later such system will be doomed as the only people who will be able to afford stuff will be the top 0.1% then it will be time for bitcoin and time for the real bull market adoption.

[deadthings]

I have lived my life hearing that USA economy is going to collapse and USD will collapse very soon but after 35 years of my life I haven’t seen reduction in US dollar strength rather it has increased. EURO has its own strengths but I don’t think it has the potential to replace bitcoin. For next 5 years US dollar will be the king after that I can’t say anything.

[Wysi]

I have lived my life hearing that USA economy is going to collapse and USD will collapse very soon but after 35 years of my life I haven’t seen reduction in US dollar strength rather it has increased. EURO has its own strengths but I don’t think it has the potential to replace bitcoin. For next 5 years US dollar will be the king after that I can’t say anything.

It's a know fact that USA will not collapse regardless of slowdown or economical sanctions because we have to accept the fact that US is the most powerful and it can go to any extend in order to keep its currency on top. I will consider USA as weak when we use some other fiat for trading or business in the international market.

[Wexlike]

I have lived my life hearing that USA economy is going to collapse and USD will collapse very soon but after 35 years of my life I haven’t seen reduction in US dollar strength rather it has increased. EURO has its own strengths but I don’t think it has the potential to replace bitcoin. For next 5 years US dollar will be the king after that I can’t say anything.

Yeah we probably won't witness the demise of the dollar in our life times. They can always kick the can further down the road, due to people still trying to get every dollar they can get, just because their paper is even worse.

[Vishnu.Reang]

Yeah we probably won't witness the demise of the dollar in our life times. They can always kick the can further down the road, due to people still trying to get every dollar they can get, just because their paper is even worse.

The United States Dollar is not going to die out anytime soon. As of now, it is one of the strongest fiat currencies in the world. However, its status as the reserve currency of the world can be under threat. Until around the 1920s, the Great Britain Pound was considered as the reserve currency of the world and that was the time when USD replaced it from that position. Sometime in the future, some other currency will replace USD from this position as well.

[gabmen]

I have lived my life hearing that USA economy is going to collapse and USD will collapse very soon but after 35 years of my life I haven’t seen reduction in US dollar strength rather it has increased. EURO has its own strengths but I don’t think it has the potential to replace bitcoin. For next 5 years US dollar will be the king after that I can’t say anything.

Yeah we probably won't witness the demise of the dollar in our life times. They can always kick the can further down the road, due to people still trying to get every dollar they can get, just because their paper is even worse.

Who knows. Some catalyst might just come in our lifetimes that would start the dollar's fall. It might be bitcoin, or some other crypto, or Gold or other physical asset. One thing's for sure, the governments and institutions that are backing up dollar and fiat in general, won't let that happen anytime soon. So that catalyst would have to be pretty grave and drastic for us to see it in our lifetime.

[fullhdpixel]

Having a higher value doesn’t mean that a currency is dominant, as far as I know, Euro is not the only currency that has value more than the US dollar, there are lots of currencies that has more value than the USD and the first on the list is the Kuwait Dinar. The Kuwait Dinar (KWD)is the highest currency and they have one of the highest oil exports.

1 KWD to USD as of writing this is $3.30. The next currency is the Bahrain Dinar at $2.65. Others that follows the list are Oman Rial, Jordan Dinar, British Pound Sterling, Cyman Island Dollar, and a lot of them. But despite that, the US dollar is regarded as the most powerful currency in the world.

[mamahdedeh]

I have lived my life hearing that USA economy is going to collapse and USD will collapse very soon but after 35 years of my life I haven’t seen reduction in US dollar strength rather it has increased. EURO has its own strengths but I don’t think it has the potential to replace bitcoin. For next 5 years US dollar will be the king after that I can’t say anything.

Yeah we probably won't witness the demise of the dollar in our life times. They can always kick the can further down the road, due to people still trying to get every dollar they can get, just because their paper is even worse.

Who knows. Some catalyst might just come in our lifetimes that would start the dollar's fall. It might be bitcoin, or some other crypto, or Gold or other physical asset. One thing's for sure, the governments and institutions that are backing up dollar and fiat in general, won't let that happen anytime soon. So that catalyst would have to be pretty grave and drastic for us to see it in our lifetime.

at this time many are starting to oppose the dollar as a currency reference, many are proposing gold as a replacement because it is more stable than the dollar, and some others choose crypto as a substitute for the dollar. indeed if we look at the fluctuation of the dollar index last year is quite large

[Aying]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

It is basing what people prefer to use that's why usd is still dominant and not easy to replace even it is not own a highest value. a lot of transactional way in all country that uses is using usd as first option if you have it, anywhere we go even you purchase in internet they still prefer usd first. and in additional, a lot of higher business man and company use usd so there is no doubt that usd didn't loss its dominant.

[drlukacs]

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

It will not be able to do so. The euro is considered a common currency in Europe and they can use it to exchange money anywhere in Europe, especially countries in the European Union. USD is the fiat currency of the United States and it is very valuable, because it is one of the richest countries in the world and has many trillion dollar technologies and companies, besides its currency is paired with many countries in the world and it became very important because the dollar is still very valuable now. That is why it is widely used in many countries.

[deisik]

USD is the US currency. which this country is a superpower, developed and has power over technology. most technology centers are there. and international currency is USD. and why the USD is weakening, because China has controlled the world economic market. In addition, the largest crypto in China and the Chinese government has built their crypto currency. while US refused crypto. this is one of the reasons the USD has begun to weaken.

Well.. I am not sure about it.. In my opinion, the United States Dollar is still the strongest fiat currency out there. The vast majority of the international trade is being conducted using USD. And the only currency which can offer meaningful competition to the USD is the Japanese Yen. Euro looks stronger in paper, but its purchasing power, as well as the exchange rate has gone down against the USD during the last few years

I don't know what makes you think that the Japanese Yen is a real competitor to the American dollar

Maybe, it's because the USD/JPY chart is sort of inverted with respect to the USD/EUR chart, and when you see it going up you think that it is the Yen rising? In fact, it's quite the contrary. Further, you can't actually compare the economy of the European Union with over 500 million people with Japan (140 million people or so)

Europe has a way stronger and diversified economy than Japan, and that's what ultimately counts. Japan, on the other hand, heavily depends on the US, and its currency can't be any stronger than the currency of the country it depends on (even though it might sometimes look otherwise)

[jkpj22]

Dollar is eventually gonna be replaced by Yuan (chinese currency).

Right now the better yielding fiat currency then Euro, Yen and others is Dollar. It's because of interest rates, which are currently at 1.5% - 1.75%. If you compare for example with Europe, they have negative interest rates. That means that you are punished for storing money in your bank account.

So the capital now flows into USA. That means Dow Jones will keep hitting record highs.

However the shift will come and capital will be redirected to China which will become economical powerhouse of the world. It should happen in 10, maybe 15 years, no one knows the exact date of course. But it will happen 

[romero121]

Dollar is eventually gonna be replaced by Yuan (chinese currency).

Right now the better yielding fiat currency then Euro, Yen and others is Dollar. It's because of interest rates, which are currently at 1.5% - 1.75%. If you compare for example with Europe, they have negative interest rates. That means that you are punished for storing money in your bank account.

So the capital now flows into USA. That means Dow Jones will keep hitting record highs.

However the shift will come and capital will be redirected to China which will become economical powerhouse of the world. It should happen in 10, maybe 15 years, no one knows the exact date of course. But it will happen 

The growth rate of China in comparison to America is very big. Already more and more investments were getting moved towards China from America. Weakening of USA is based on the economic policies that were framed by the present ruling government. Maybe when the change takes place with the government once again USD might gain more strength for a bigger push to lead the market.

[abhiseshakana]

Dollar is eventually gonna be replaced by Yuan (chinese currency).

Right now the better yielding fiat currency then Euro, Yen and others is Dollar. It's because of interest rates, which are currently at 1.5% - 1.75%. If you compare for example with Europe, they have negative interest rates. That means that you are punished for storing money in your bank account.

So the capital now flows into USA. That means Dow Jones will keep hitting record highs.

However the shift will come and capital will be redirected to China which will become economical powerhouse of the world. It should happen in 10, maybe 15 years, no one knows the exact date of course. But it will happen 

Have you ever heard the term seizing is easier than maintaining?
China as an expert in duplication and modification is now challenging America and trying to change the center of gravity of the world from America to China. Learning from the American strategy, China made a long-term program OBOR (One Belt One Road) as well as aggressively reducing the USD in its foreign exchange reserves and replaced with gold with the aim of reducing dependence on the US dollar.

But I think it is still difficult and even impossible for Yuan to shift the dollar considering that the portion of the Yuan Currency in Global Foreign Exchange Reserves is still very small.

http://data.imf.org/?sk=E6A5F467-C14B-4AA8-9F6D-5A09EC4E62A4

Besides that, one of the reasons why Yuan is less popular as a medium of exchange in international trade is because the value of the Yuan is pegged by PBoC (Bank of China). PBoC control over the exchange rate becomes less favored in trade transactions. PBoC can at any time weaken or strengthen currency exchange rates. Of course, it would be less profitable to hold the yuan, then the PBoC would significantly depreciate the exchange rate.

The final reason in international trade is that there are no eternal friends and opponents, only eternal interests. So to replace the dollar, the Yuan must be supported by many countries in the world, but with all the current geopolitical turmoil and international geostrategy, it will be very difficult to shift the dominance of the dollar with the Yuan.

[Twentyonepaylots]

Dollar is eventually gonna be replaced by Yuan (chinese currency).

Right now the better yielding fiat currency then Euro, Yen and others is Dollar. It's because of interest rates, which are currently at 1.5% - 1.75%. If you compare for example with Europe, they have negative interest rates. That means that you are punished for storing money in your bank account.

So the capital now flows into USA. That means Dow Jones will keep hitting record highs.

However the shift will come and capital will be redirected to China which will become economical powerhouse of the world. It should happen in 10, maybe 15 years, no one knows the exact date of course. But it will happen 

The growth rate of China in comparison to America is very big. Already more and more investments were getting moved towards China from America. Weakening of USA is based on the economic policies that were framed by the present ruling government. Maybe when the change takes place with the government once again USD might gain more strength for a bigger push to lead the market.

How cruel seeing america in fight with China. The effect of the ongoing trade war has seen some negative effects on america on which the power of USD has been lessen, businesses from america whose goods and products are mainly coming from China is in trouble also. China estate is not the same as it is on early 2000s and America's president, Trump, should know that.

[abeecrypto]

I would assume your 'strong' means dominance.
The US Dollar is one of the strongest Fiat that I know. Probably the strongest.
The USD is of very strong because it has the majority of usage with most countries; Trades and Stock exchange. Much more than Euros.
And to top that, the US economy has been booming.
I think the reason for its recent dwindling is the reduced relation with the international community.
But, a time will come when a stronger currency will surface.
Will it be Euros? I don't know. Time will tell.

[aamirsuh]

The dollar has been depreciating for years. I think if a new order is to be built, it should be done with a more limited currency. Production must continue to prevent inflation. In today's economies, inflation has a barrier to investments. Bitcoin can overcome this by having a limited number. I'm not saying it will surpass it. Just a shot.

[abeecrypto]

Yeah! I have been hearing the whole ‘Dollar is getting weaker’ thing lately. But Dollar still remains the strongest. Even after the whole US-Iran situation. It is stronger than other Fiats because it is what is more used in international trades and financial transactions. Its strength comes from its users worldwide and not its price.  They have lots of markets spread around the world. They are arguably the heavyweight in Politics and Economy. All these reflect in the strength of their currency.
Will Euro take over? I can't say. Whatever Fiat it is that will take over, it certainly won't be anytime soon.

[Shasha80]

Indeed a lot of news or articles that mention the US Dollar is getting weaker, in my opinion it's a lie news. Because it's the reality
very different. The evidence is that until now the US Dollar is still the strongest and most widely used currency for payment transactions.
Maybe because America has long controlled the world economy. It's no wonder it's so difficult for other currencies to beat the US Dollar.
Although the euro is more expensive than the US Dollar, but until now the euro has not been able to beat the US Dollar. This is strong
evidence that US Dollar is not weakening.

[jjigoku]

Indeed a lot of news or articles that mention the US Dollar is getting weaker, in my opinion it's a lie news. Because it's the reality
very different. The evidence is that until now the US Dollar is still the strongest and most widely used currency for payment transactions.
Maybe because America has long controlled the world economy. It's no wonder it's so difficult for other currencies to beat the US Dollar.
Although the euro is more expensive than the US Dollar, but until now the euro has not been able to beat the US Dollar. This is strong
evidence that US Dollar is not weakening.

Can't disagree with that, mate.
But there were defaults and economical crisis on USD's way.
And there is a chance for it to happen again, because bubble is slowly growing now.
Unfortunately for USD at this time there are a lot of competitors who wants to take over US economy like BTC or other cryptocurrencies.
So there is a point of talking about long-term USD weakening even if its seems like there is nothing to worry about

[Edraket31]

Indeed a lot of news or articles that mention the US Dollar is getting weaker, in my opinion it's a lie news. Because it's the reality
very different. The evidence is that until now the US Dollar is still the strongest and most widely used currency for payment transactions.
Maybe because America has long controlled the world economy. It's no wonder it's so difficult for other currencies to beat the US Dollar.
Although the euro is more expensive than the US Dollar, but until now the euro has not been able to beat the US Dollar. This is strong
evidence that US Dollar is not weakening.

I don't know if this true too, but it is circulating over the internet stating the USA is getting poor and that they don't have gold reserves, all is gone so maybe that's one of the reason that Trump will get impeach, I am not sure but there's a lot of videos. They even mentioned that America is just preparing for war so they can have money again if they win against war.

[drlukacs]

 I think it is because America is the most developed and powerful country in the world in terms of economy and armed forces. Besides, the Euro symbolizes the currency and power of the European Union, it does not have to come from one country so it cannot be used as a common currency.
Perhaps when the US economy is in trouble, the Euro or GBP will rise and leave the USD behind. But for that to happen is very difficult, Americans are really smart and they contribute a lot to the world.

[deisik]

Indeed a lot of news or articles that mention the US Dollar is getting weaker, in my opinion it's a lie news. Because it's the reality very different. The evidence is that until now the US Dollar is still the strongest and most widely used currency for payment transactions

There exists a very simple reality check

So anyone who wants to check the current health status of the American dollar can easily do it with a couple of clicks. For that, you don't need to read arcane explanations and lengthy textbooks. There is a metric which instantly tells us how well the dollar is at the moment. It is the USD index (USDX) which is a benchmark measuring the value of the dollar against the basket of top 6 currencies in the world. If anything, it has been performing pretty good recently

[Mihaylovic]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

Financial and political power of United States make USD stronger comparing to any other fiat currencies. And it is a truth that usd is the most common currency in all over the world. Easy to exchange in any part of the world.

[Linkkoin]

I think it is because America is the most developed and powerful country in the world in terms of economy and armed forces.

Bretton Woods 1944 Agreement is still in force and therefore USD is the global currency. Some would say that as long as it is the global currency, no crypto can become a true replacement for it.

[Murat]

We all know that USD is the most common using currency around the world so it's the strongest currency at this time, When you think at the macro level then you see the influence of USD at every international business, it's not only financial aspect but also something political, in the previous time, Most of the countries had a tendency to reserve the gold for the emergency purpose and making the local currency, But nowadays, USD is being considered as the reserve tool so it's importance is getting higher day by day, I think that is why USD is more worthy and stronger than the Euro.

[deisik]

I think it is because America is the most developed and powerful country in the world in terms of economy and armed forces.

Bretton Woods 1944 Agreement is still in force and therefore USD is the global currency. Some would say that as long as it is the global currency, no crypto can become a true replacement for it

It's long gone

Technically, it has been dismantled since the so-called Nixon shock when the dollar was officially divorced from its gold backup (what we have today is called the petrodollar system). But in actuality, it was gone soon after its establishment when Uncle Sam started to print insane amounts of fiat not backed up by anything. It became obvious when in 1960's a few European counties (France under de Gaulle being the most vocal among them) demanded that the US government redeem their dollars for real gold

[awik p]

We all know that USD is the most common using currency around the world so it's the strongest currency at this time, When you think at the macro level then you see the influence of USD at every international business, it's not only financial aspect but also something political, in the previous time, Most of the countries had a tendency to reserve the gold for the emergency purpose and making the local currency, But nowadays, USD is being considered as the reserve tool so it's importance is getting higher day by day, I think that is why USD is more worthy and stronger than the Euro.

but this happens a lot of opposition from some countries, that they do not agree to the dollar as a backup tool like gold. even from some countries it is planning cryptocurrency as an alternative currency, which is not affected by inflation, and if this is true then bitcoiners will now be rich if all countries allow it

[Linkkoin]

It's long gone

Only technically, for most of the world's international transactions, the currency is still USD (only in European Union EUR is used commonly for such transactions). Therefore practically the Bretton Woods regime is still in power.

[wildan88]

We all know that USD is the most common using currency around the world so it's the strongest currency at this time, When you think at the macro level then you see the influence of USD at every international business, it's not only financial aspect but also something political, in the previous time, Most of the countries had a tendency to reserve the gold for the emergency purpose and making the local currency, But nowadays, USD is being considered as the reserve tool so it's importance is getting higher day by day, I think that is why USD is more worthy and stronger than the Euro.

we know America does not print USD according to its gold reserves, while some countries are preparing to use the new trading system beyond the use of USD, like the news some time ago about the action of wasting dollars. I think we should have gold reserves because it is not impossible that in the end, we will all return to the trading system using gold. but I like it if crypto could be an alternative.

[RealMalatesta]

I guess having bigger value is a different thing from being stronger. Having the most value doesn’t mean that a currency would be the strongest in the world.

Yes, Euro has more value than the US dollar but that doesn’t make it stronger. If it’s by having more value, then there are lots of other currencies that has more value than the Euro. The most valued currency in the world is the Kuwait Dinar, and there is also the British pounds Sterling that has more value than the USD, but these currencies are not the strongest.

[GideonGono]

I guess having bigger value is a different thing from being stronger. Having the most value doesn’t mean that a currency would be the strongest in the world.

Yes, Euro has more value than the US dollar but that doesn’t make it stronger. If it’s by having more value, then there are lots of other currencies that has more value than the Euro. The most valued currency in the world is the Kuwait Dinar, and there is also the British pounds Sterling that has more value than the USD, but these currencies are not the strongest.

Maybe they have a less limit (Euro) than USD that's why it can cause from different value even they overtake the Euro from the economy of the country. This is like on some country like Japan has a less value of money than other country even they are one of the strong and rich in the Asia.

[travwill]

The dollar is really getting weaker and weaker, but the US can always rectify this situation by creating a new military conflict. This has happened before and is happening now.
It is enough to list the last few conflicts, Vietnam, Serbia, Iraq, Libya, Iran, Syria. The United States is participating everywhere, why do you think?

[deisik]

It's long gone

Only technically, for most of the world's international transactions, the currency is still USD (only in European Union EUR is used commonly for such transactions). Therefore practically the Bretton Woods regime is still in power

That doesn't necessarily have to do anything with Bretton Woods

And the current regime is rightfully called the petrodollar system (which I already referenced to in my post) because under the Bretton Woods agreement, the American dollar was pegged to gold, with other global currencies pegged to the dollar. This is no longer the case today, so we can't consider the old system still in place and power

However, the dollar remained the world's reserve currency because in 1970's the US and major oil producers agreed to set crude oil prices in dollars, which kicked off the petrodollar system. It is this system as well as the economic might of the US that allowed the dollar to preserve its status as the international reserve currency, not some old agreement

[Kevondo]

I guess having bigger value is a different thing from being stronger. Having the most value doesn’t mean that a currency would be the strongest in the world.

Yes, Euro has more value than the US dollar but that doesn’t make it stronger. If it’s by having more value, then there are lots of other currencies that has more value than the Euro. The most valued currency in the world is the Kuwait Dinar, and there is also the British pounds Sterling that has more value than the USD, but these currencies are not the strongest.

That is very right strength is more important than the value. Dollar is the strong currency it is known all over the world and is acceptable by all also. People considered it more valuable than their own currency. Even the citizens of Kuwait, Britain consider it more valuable having their own currency of high value because dollar has more strength than their currency.

[tbterryboy]

The dollar is really getting weaker and weaker, but the US can always rectify this situation by creating a new military conflict. This has happened before and is happening now.
It is enough to list the last few conflicts, Vietnam, Serbia, Iraq, Libya, Iran, Syria. The United States is participating everywhere, why do you think?

Due to those reasons, cryptos are too safer than fiat. Cryptocurrency is good in all known means still something is missing to convince anyone to make adopting it. Some people say that cryptocurrency is safe for sellers, yes that’s true, but what about buyers, is it also safe for them?

It also has its disadvantages, and you should always keep those in mind and know the right places to spend your Bitcoin. Cryptocurrency is safe in some ways but not 100%, and if you talk about being fast, there are payment methods that are faster than BITCOIN and almost instant, like VISA and many of them. I like cryptocurrencies and I use them, but that doesn’t mean they are 100% best all round.

[angryswamp]

What claims the weakening of the dollar at the moment huh. Strong leadership trumps and regulations that are greedy and strict, let alone the economic strength of the country. What I see is a dollar that doesn't collapse, although the two countries that wage an economic war that crash in another country's local currency's value. When you foresee a poor dollar, this is a warning of the deterioration of the global economy. Evidence of why the USD has become the currency exchange rate pioneer, as the US has always had the world's largest gold reserves. When you look at the market at the moment, the euro will prevail, so that the value of the dollar remains the exchange rate and the global currency.

[Rengga Jati]

Yes, it is still strong currency but no one guarantees it will last forever as the strong one. However, if the dollar is going to collapse, it must need a long time since it will affect a huge global economic turmoil. And surely it needs an alternative currency that can be used for a global purpose. What currency is possible to replace the dollar? I am not sure to answer it. No idea for now, but it may be from a country that dominates the world economy.

*See the possible scheme for Dollar Collapse.


                              Source: thebalance.com

From the picture, there are some conditions needed:
1. Underlying weakness
2. Viable currency alternative
3. China and Japan dump dollar
4. Most of the countries in the world doubt in dollar

*As long as the conditions above cannot be fulfilled, then Dollar cannot be replaced. So, let see if those conditions are really going to appear or not. [I have heard some news related to the conditions starting to appear currently].

[abhiseshakana]

What currency is possible to replace the dollar?

Learning from the mistakes of the fiat system and with the aim of justice and human rights of all humans, we must start using real money that is universal (money that has intrinsic value based on gold or silver precious metals).

The use of a currency that has intrinsic value has many advantages including the system of gold and silver money will result in freedom of gold, import, and exchange export it. Means it also means the fixed exchange rate interstate money. Central banks and the government, it is impossible to expand the circulation of paper money, every currency announced in the world so that it is always limited to certain standards in the form of gold and silver and in the end every country will maintain his gold and silver wealth.

While what is currently applied is the current fiat currency system which is very volatile because it is printed without collateral but also because the practice of money is made as a commodity. So very easy to use for speculative activities on the money market.

From the picture, there are some conditions needed:
1. Underlying weakness
2. Viable currency alternative
3. China and Japan dump dollar
4. Most of the countries in the world doubt in dollar

*As long as the conditions above cannot be fulfilled, then Dollar cannot be replaced. So, let see if those conditions are really going to appear or not.

Even though it is still in the stage of discourse, action must be taken to realize it. Massive action carried out by many Central Banks in the world that began to derivate their foreign exchange reserves from dollars to gold is one step in the awareness of the corrupt fiat system.

58% of international foreign exchange inventories are still in the form of dollars, 20% euros and the rest are other currencies. Before discarding dollars or shifting dollars, a country must replace its foreign exchange reserves in the form of dollars into gold. Action to waste dollars is a good first step, it's just that you have to prepare carefully. If the dollar weakens, a country's foreign exchange reserves are also reduced. The amount of foreign exchange reserves in dollars today is also still used as a fortress to protect a country from the risk of global economic impact.

[deisik]

What currency is possible to replace the dollar?

Learning from the mistakes of the fiat system and with the aim of justice and human rights of all humans, we must start using real money that is universal (money that has intrinsic value based on gold or silver precious metals)

Properly managed fiat money beats hard money any day of the week

When you speak of the mistakes of the fiat system, you actually refer not to the faults and drawbacks of this system itself but rather to its misuse and abuse, and overall mismanagement by governments. Fiat is like a very powerful medication. If you know how to use it and, more importantly, when to use it and in what amounts, it can actually cure the disease. But if you don't, it can do more damage than good

The use of a currency that has intrinsic value has many advantages including the system of gold and silver money will result in freedom of gold, import, and exchange export it. Means it also means the fixed exchange rate interstate money. Central banks and the government, it is impossible to expand the circulation of paper money, every currency announced in the world so that it is always limited to certain standards in the form of gold and silver and in the end every country will maintain his gold and silver wealth

The problem is, at certain points central banks and the government need to expand the supply of money (monetary base), and at other points to contract it. That, technically speaking, makes the hard currencies useless (in fact, even detrimental down to outright destructive), while fiat does that in a pretty self-regulated way via credit money (so called endogenous money)

[fiulpro]

I think we just cannot find out how famous and how strongest the currency is just by it's value , it also depends on how it can be put into practical use all around the world , we cannot just weigh them in like this , I don't think they will die , I don't think they ever will become less important or dominant.
I personally think the Fiat system is an amazing thing but  interference of it with the governmental corrupt plans makes it amazingly full of loopholes .

[Magkirap]

I think we just cannot find out how famous and how strongest the currency is just by it's value , it also depends on how it can be put into practical use all around the world , we cannot just weigh them in like this , I don't think they will die , I don't think they ever will become less important or dominant.
I personally think the Fiat system is an amazing thing but  interference of it with the governmental corrupt plans makes it amazingly full of loopholes .

You really don't depend it on how popular or strong it is, it was a decision of world's developed countries that dollar becomes a global currency and they also depend it on the countries economy and even though euro priced at a higher value still dollar is stronger so i think fiat will be still around in the future because it is like the representation of each country, fiat and crypto may join in the future to create much more better currency system.

[btccashacc]

Even though the euro's value is higher, in terms of dominance it can not beat the dollar. After the Second World War, the United States is a nation with almost three-quarters of the world's gold reserves. No other nation will compete with the gold reserves of America. That's why the dollar became the dominant currency and the world's exchange rate benchmark. The dollar will remain the dominant currency as long as the American state remains strong in politics and economy.

Indeed when it comes to alternatives for securing assets, USD will be chosen as an alternative besides the Gold, this is because people believe that the country is strong whether in politics or the economy. If you can see in a country where an economic crisis happened people will convert their cash into foreign currency such as USD or other currencies such as Euro, Dollar Singapore, etc, in order to escape from the collapse.

[abhiseshakana]

When you speak of the mistakes of the fiat system, you actually refer not to the faults and drawbacks of this system itself but rather to its misuse and abuse, and overall mismanagement by governments. Fiat is like a very powerful medication. If you know how to use it and, more importantly, when to use it and in what amounts, it can actually cure the disease. But if you don't, it can do more damage than good

There are some fiat money printing procedures that are made by the government, based on global banking system regulations, and fiat money can be used as a medium of exchange because of the value of the trust contained therein due to the legality of the money as a medium of exchange on the market. Based on the issuance procedure, the value of this fiat money lies in the "trust value" as a medium of exchange because it is legalized by the government. Fiat money depends on the market. Thus, the nominal value of money also depends on markets where the value of trust is determined based on the results of trade rates between countries. Thus, indirectly, the value of money is far different from the currencies of gold and silver. If gold and silver currencies are determined based on "guaranteed assets", then fiat currencies are determined based on exchange rates on international markets. So fiat money only stores extrinsic value.

Unlike the extrinsic money, gold, and silver if the exchange rate is lost, then it is still tangible material value. The value of this material can still be exchanged because it can be used for other needs, such as converted into jewelry, and so forth. While fiat money because the value of the material there is nothing left is only the exchange rate, when there is a decrease in the "value of money trust". then the prices of goods will increase because "trust value" of the money taken. If someone borrows 100 USD, basically he does not borrow money but instead borrows the exchange rate.

What is wrong in the fiat money system is that banks and interest create credit creation by banks, for banks, money is capital, and capital invested has risks, for that risk, there must be returns in return. And the interest on loans and loans is a return for the Bank. It must be understood that granting loans and credit is one of printing money without physical form. The bank will continue to owe money to it because in this way the creation of money will continue to occur. By lending money, the bank is not reducing but increasing its wealth. Though everything recorded by the bank as money is fictitious. The value of money multiplies from its intrinsic value because the central bank operates a fractional banking system, which requires that only a portion of the money in the deposit remain in the value, others can be lent. This means, that money carries out its functions many times and that is why the money supply is greater than the physical quantity of money.

If the customers take the money at the same time (rush) there is a bank collapse (collapse). The reason is because the money is not in accordance with what has been recorded by the bank.

Should third party funds or community deposits in current accounts, savings and deposits do not constitute debt for the bank; however, it functions as a deposit and in the form of investment funds. Investment funds are fully channeled for investment with other bank customers, thereby suppressing the creation of money through credit, because the funds are deposited, and banks cannot use them, so they are only stored in the reserve as a whole, thus creating what is called 100% reserve banking.

The problem is, at certain points central banks and the government need to expand the supply of money (monetary base), and at other points to contract it. That, technically speaking, makes the hard currencies useless (in fact, even detrimental down to outright destructive), while fiat does that in a pretty self-regulated way via credit money (so called endogenous money)

Gold is an asset with high liquidity so there will be no word useless in its use.

Money Demand is the amount of money demanded by the public for three motives, namely the purpose of the transaction, the purpose of guarding and the purpose of speculation. Endogenous money means that the money supply is not something given, but it can be said that there are other variables that also influence the money supply so that it cannot be fully controlled by the central bank authority.

The concept of endogenous money also exists in the system of gold and silver coins only the concept is different from endogenous money in the fiat money system.

Endogenous money in gold and silver money can simply be interpreted that the existence of money is essentially a representation of the volume of transactions that exist in the real sector. So that the higher the capacity and volume of the real sector increases, the demand for money will increase. So the concept of money, money is primarily a medium of exchange or a means, not as a commodity. Gold and silver are used as a standard for value for money and are used for market transactions. In this case, money is created as an intermediary to provide value for commodity prices, or goods and services. The demand for money increases, if the capacity and volume of the real sector increases. The use of gold and silver money avoids the growth of money in circulation that exceeds the value of the production of goods and services, or the growth of the real sector. Inflation occurs if the money supply is greater than what is needed for transactions in the real sector.

In conventional economics, endogenous money (money multiplier) is the creation of money through banking mechanisms. The money supply is endogenous due to a process called deposit multiplier, in which the role of interbank in creating loans into deposits and creating deposits into reserves. In this case, the bank's role is quite large in how much it regulates the supply of credit and deposits, then the supply of credit money can be endogenously determined by the bank in achieving its interests. In principle, the bank is a profit-oriented business entity by trying to avoid various obstacles and take taking advantage of existing opportunities, often using new financial instruments to utilize funds in their reserves. Through its fractional reserve banking, endogenous money is then allocated to create growth. In fact, conventional endogenous money does not allocate resources efficiently, but pushes asset prices up, and makes the world continue to have increasing debt, so that the total amount of internal and external exceeds the amount of money available (fictitious)

[deisik]

The problem is, at certain points central banks and the government need to expand the supply of money (monetary base), and at other points to contract it. That, technically speaking, makes the hard currencies useless (in fact, even detrimental down to outright destructive), while fiat does that in a pretty self-regulated way via credit money (so called endogenous money)

Gold is an asset with high liquidity so there will be no word useless in its use

What do you mean by liquidity here?

If gold has become money (your point exactly), you can't sell it for money since it is the money. You can only buy with it, and I'm not sure at all it will be the best money out there to buy things with. But since we assume that there is no other money out there, and cannot be, we will have to deal with all the negative consequences of gold as money (as in real life gold will quickly wreak chaos on the whole economy)

Just one simple example. Since there is only so much gold and you can't print more of it, it will necessarily appreciate when the economy expands. That basically means that people who are doing nothing but have some gold will get richer at the expense of those who actually produce this new wealth. That would arguably be the worst form of communism ever possible. Are you okay with that?

[hendra147]

This relates to a long history, in which the US has been a superpower for a long time, so international transactions are based on the US. And the USD currency is a transaction payment tool for international. I think the EURO difference is in the control of the economic area. So that the Euro remains below the USD even though it has a higher value.

[criza]

I personally think the Fiat system is an amazing thing but  interference of it with the governmental corrupt plans makes it amazingly full of loopholes .

That is why Bitcoin is created, a decentralized currency that is not controlled and regulated by an organizational body. It is also the main point why there are many people who have been using Bitcoin in their financiak transactions online.

[Assface16678]

This relates to a long history, in which the US has been a superpower for a long time, so international transactions are based on the US. And the USD currency is a transaction payment tool for international. I think the EURO difference is in the control of the economic area. So that the Euro remains below the USD even though it has a higher value.

We all know in terms of fiat currency one of the best coin that conquer the whole market is the usd and the euro but sometimes many people say the best is the usd but we cannot tell that easily because those coins are both profitable. Also today one of the basis on the market price is the usd there are a lot of exchange getting depends on the market value of usd. Even the price of the euro too is profitable still they are focusing on their economic market not to the other currency.

[kro55]

Yes, dollar is still the strongest currency when we consider the fiat currencies. In general though, Fiat currencies are indeed getting weaker and weaker with banks rushing to lower interest value, making fiat currencies value itself depreciate. You can find more information about that here: https://bitcoinerx.com/finance/fiat-money-not-worth-anything-anymore-admits-banking-giant-ceo/. (found this link in CryptoBrys' post)

Now as to your main question why USD is dominant, it is because US is behind it. It is because its economy can back the currency of USD, making it the strongest currency out of all. You can find more information why it is strong here:https://www.thebalance.com/world-currency-3305931

As for why euro is valued higher, it is very simple. Supply and demand. Euros have a much lower supply across the globe when compared to USD which has a larger amount of Volume because it stimulates the economic growth with it.

The article you shared sums up why USD is strongest

Despite trillions of dollars in foreign debt and continuous large deficit spending, the United States still holds global trust and confidence of its ability to pay its obligations. For this reason, the U.S. dollar remains the strongest world currency. It may continue to be the top global currency in the years to come.
Source

[luppecuppe]

Why price currencies are weakening. We already know that. Because the solution for printing money in every economic problem is considered. Printing too much money reduces the value of paper money. What is the reason for the increase in the price of Bitcoin? The fact that its supply is constrained makes bitcoin valuable.

[jhontwis]

Paper currencies began to weaken long ago. Credit cards are a sign of the end of the paper money system. A new order is constantly being established. A new economic model is emerging. Bitcoin also fired a new flare.

[msarro]

For decades USD is strongest followed by EURO. In 70s US government announced that USD is no more pegged by gold and they can print as many currency notes as they want. I thought Chinese yaun is the one who can take over USD in near future but it’s still no way near USD. Why USD is strongest is the fact that its backed by mighty US economy.

[k@suy]

For decades USD is strongest followed by EURO. In 70s US government announced that USD is no more pegged by gold and they can print as many currency notes as they want. I thought Chinese yaun is the one who can take over USD in near future but it’s still no way near USD. Why USD is strongest is the fact that its backed by mighty US economy.

Yes that is right. We all know that the US is one of the most powerful and also richest country all over the world thats why USD is still the best of fiats snd nothing can take over the USD. USD is the counter part of bitcoin here in the virtual world because a lot of people tried to beat bitcoin by creating their own cryptocurrency but nobody succeed on their plan to beat bitcoin.

[abhiseshakana]

What do you mean by liquidity here?

"Gold is an asset with high liquidity" is to explain the position of gold in our current monetary system and this answers your previous argument that sometimes the government conducts open market operations by buying currencies for domestic currency stability.

If gold has become money (your point exactly), you can't sell it for money since it is the money. You can only buy with it, and I'm not sure at all it will be the best money out there to buy things with.

Gold Money has two constituent elements, namely; The value of material consisting of precious metal in the form of gold and the printed value consisting of numbers or units written on it. Those who have permission to print gold coins are certain institutions, so gold is different from gold currencies.

The basic reason for stability is the most important element of currency because it can protect the value of assets from speculation and loss of value of liquidity due to exchange rate volatility. The use of gold meets the above basis, After the failure of the barter system, the gold is used as a medium of exchange to avoid damaging transactions.

Without the basic value of an item, it will be difficult to determine the value of an item. For example, someone who wants to buy bread with shoes needs something to know the size of bread from the value of the shoe. Buying and selling occurs in different types of goods, so a fair measurement is required as an intermediary between the two people who want to transact and do justice to one another. Justice is demanded from the type of property. Then needed types of assets that last a long time because of ongoing needs. The oldest type of property is mining. Then make money from gold.

Changes in the basic functions of money that cause problems, the function of money is as a tool to launch an exchange and establish the fair value of the exchange. The function of money increases when paper money is used as a representation of a gold reserve asset, which turns out to lead to problems. Since the formation of the banking unit as a place to store money, with an interest rate ratio set for a number of deposits (savings), apparently left no small problem.

But since we assume that there is no other money out there, and cannot be, we will have to deal with all the negative consequences of gold as money (as in real life gold will quickly wreak chaos on the whole economy)

Your fear is unreasonable about a single currency. You also did not explain what the negative consequences of gold coins and you did not explain real examples of "as in real life gold will quickly wreak chaos on the whole economy".

You make a prediction of the future as a justification for ignoring and refuting the fact that is happening now, that the fiat system, banks, and interest is a trio of trouble makers in the world economy. Even though gold has proven its existence and value.

Just one simple example. Since there is only so much gold and you can't print more of it, it will necessarily appreciate when the economy expands. That basically means that people who are doing nothing but have some gold will get richer at the expense of those who actually produce this new wealth. That would arguably be the worst form of communism ever possible. Are you okay with that?

The easy answer is, a rich person needs to consume clothing, food, shelter, entertainment, recreation, transportation, so he will exchange his gold into gold currency and spend it.

Make money as real money, don't put money as capital. Money is public property. So everyone has the right to have money in force in a country. While capital is a personal item. Money is something that flows and must flow. If Money flow for production can lead to prosperity and the economic wealth of the community. Money must continue to be rotated so that it can bring greater benefits to the whole community. For this reason, money needs to be used for investment in the real sector, not hoarded or monopolized, which in the end if money is detained, it will cause a stagnation in the economy.

[EdvinZ]

The US dollar is the most common reserve currency in the world. Historically, people believe more in the dollar. And although the economy of China is almost as strong as the US economy, people are not in a hurry to change US dollars to yuan out of habit. The collapse of the dollar is highly unlikely, because many other economies in the world depend on it. If we hypothetically assume that there will be a collapse of Fiat currencies, the dollar will depreciate in the last place. But this is a utopian scenario.

[deisik]

What do you mean by liquidity here?

"Gold is an asset with high liquidity" is to explain the position of gold in our current monetary system and this answers your previous argument that sometimes the government conducts open market operations by buying currencies for domestic currency stability

Honestly, this is not what I would consider a thorough explanation

Besides, I don't think that gold has any important place in our fiat-based monetary systems specifically because these systems exclude gold. It has even got into the IMF rules, I mean that provision according to which no fiat currency of the member states can be based on gold. Put differently, if gold disappears completely today, nothing in particular is going to change in monetary matters. Things will go on as usual, and probably even better. So what do you mean by "high liquidity" here?

If gold has become money (your point exactly), you can't sell it for money since it is the money. You can only buy with it, and I'm not sure at all it will be the best money out there to buy things with.

Gold Money has two constituent elements, namely; The value of material consisting of precious metal in the form of gold and the printed value consisting of numbers or units written on it. Those who have permission to print gold coins are certain institutions, so gold is different from gold currencies.

The basic reason for stability is the most important element of currency because it can protect the value of assets from speculation and loss of value of liquidity due to exchange rate volatility. The use of gold meets the above basis, After the failure of the barter system, the gold is used as a medium of exchange to avoid damaging transactions

And how is gold supposed to provide that stability?

Its intrinsic value will be constantly changing due to economic conditions changing all the time, and specifically because it has that value in the first place. We no longer live in the 12th century where things were the same 100 years before and would be the same 100 years later. The irony is that it is fiat which doesn't have any intrinsic value on its own (apart from transactional utility) which allows to remove the innate instability in the value of a hard currency itself from the equation (provided it is managed properly, of course). In a properly managed fiat system, there is always enough money in the economy thanks to built-in feedback loops which automatically adjust the supply of money to a changing economic environment

You make a prediction of the future as a justification for ignoring and refuting the fact that is happening now, that the fiat system, banks, and interest is a trio of trouble makers in the world economy. Even though gold has proven its existence and value

This is not so much a prediction as it is a description of events that have already transpired

Gold, or rather gold standard in general, was the cause of a continuous streak of economic crises that plagued the economies throughout the world in the second half of the 19th century and the first quarter of the 20th. In this manner, it doesn't take a lot of brain power to say that essentially the same is going to happen again if gold is to become the next money. But this time the consequences will probably be more drastic, even dramatic, up to a point of being irreversible. That's the reason why we will never get back to the gold standard unless there's something that throws us back into the dark ages (like an all-out nuclear war or whatever)

The easy answer is, a rich person needs to consume clothing, food, shelter, entertainment, recreation, transportation, so he will exchange his gold into gold currency and spend it

It already failed in the past, and it will doubtless fail in the future

But since we assume that there is no other money out there, and cannot be, we will have to deal with all the negative consequences of gold as money (as in real life gold will quickly wreak chaos on the whole economy)

Your fear is unreasonable about a single currency. You also did not explain what the negative consequences of gold coins and you did not explain real examples of "as in real life gold will quickly wreak chaos on the whole economy"

You will get a most insidious type of communism working on an entirely new level, i.e. economic level, with people getting the slice of the pie for essentially doing nothing. And I wrote about that in my reply

Empty talks aside, how are you going to create new money with gold when the economy needs it?

[CarnagexD]

Even though the euro's value is higher, in terms of dominance it can not beat the dollar. After the Second World War, the United States is a nation with almost three-quarters of the world's gold reserves. No other nation will compete with the gold reserves of America. That's why the dollar became the dominant currency and the world's exchange rate benchmark. The dollar will remain the dominant currency as long as the American state remains strong in politics and economy.

Indeed when it comes to alternatives for securing assets, USD will be chosen as an alternative besides the Gold, this is because people believe that the country is strong whether in politics or the economy. If you can see in a country where an economic crisis happened people will convert their cash into foreign currency such as USD or other currencies such as Euro, Dollar Singapore, etc, in order to escape from the collapse.

And they are also expanding their horizons by mining oil and other natural resources, they went brezerk with these resources to gain the upper-hand in the end. But it's still evident that as technology progresses, people would need more than what they could provide, that's the reason the dollar is slowly dying. It's what most cryptocurrencies depend on but if the dollar is to die, it could still go on.

[sana54210]

I think the people you are talking about are referring to fiat in general and not just dollar. If all currencies are getting weak at the same time one of them is still going to be the strongest and Dollar remains the strongest currency there is. And having a higher value doesn’t mean that a currency should be the strongest, if that’s the case then I don’t think that even the Euro stands a chance in being among the first three because there are other currencies with more value than the Euro and USD respectively.

The first currency with a higher value is the Kuwait Dinar, but it hardly comes to the mind and most people don’t even know about it, the only thing they know is the USD.

[deisik]

I think the people you are talking about are referring to fiat in general and not just dollar. If all currencies are getting weak at the same time one of them is still going to be the strongest and Dollar remains the strongest currency there is. And having a higher value doesn’t mean that a currency should be the strongest, if that’s the case then I don’t think that even the Euro stands a chance in being among the first three because there are other currencies with more value than the Euro and USD respectively

That ultimately depends on the total supply of money and the size of the economy

As you say, a higher exchange rate doesn't necessarily mean that a currency is stronger. It just means there are fewer currency units in circulation given more or less the same size of the economies compared. To gauge the strength of a currency we should look at its dynamics, i.e. how its exchange value changes over time. So if a currency with a higher rate loses its value (depreciates stronger and faster than other currencies), this rate should go down too even if technically it may still stay above the parity

[Scotslass]

I think the people you are talking about are referring to fiat in general and not just dollar. If all currencies are getting weak at the same time one of them is still going to be the strongest and Dollar remains the strongest currency there is. And having a higher value doesn’t mean that a currency should be the strongest, if that’s the case then I don’t think that even the Euro stands a chance in being among the first three because there are other currencies with more value than the Euro and USD respectively

That ultimately depends on the total supply of money and the size of the economy

As you say, a higher exchange rate doesn't necessarily mean that a currency is stronger. It just means there are fewer currency units in circulation given more or less the same size of the economies compared. To gauge the strength of a currency we should look at its dynamics, i.e. how its exchange value changes over time. So if a currency with a higher rate loses its value (depreciates stronger and faster than other currencies), this rate should go down too even if technically it may still stay above the parity

Higher exchange rate doesn't necessarily mean that a currency is stronger. However it shows that currency is usable for more people than other currencies and that means more value compared to others.
And that value can lead to price pump

[Mihaylovic]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

Well. Even Euro value is more higher, popularity and usage of USD is much more spread in all over the world. You can exchange USD more easily in any country comparing to EURO.