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.