Fiat currencies

[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.