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Author Topic: I Don't understood USA dollar ise weak and experts Give warnings  (Read 66 times)
cryptoboss2020 (OP)
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February 09, 2021, 03:23:56 PM
 #1

But Still the USA dollar is most Common used in trading Crypto.
If USA dollar is so weak Why we dont use eur based stable coin? 

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February 09, 2021, 07:03:27 PM
 #2

What is the weakness of the dollar? Smiley Whatever the "weak dollar" is - not a single currency has ever been able to even come close to its level! For example, in the USSR it was always accepted (of course, cheap, stupid propaganda) to say that "tomorrow the dollar will cease to exist." I remember these "horror stories" from the 80s of the last century, when I was in school, and our children poured this nonsense into their ears Smiley And now 40+ years have passed - and NOTHING HAPPENED to the dollar! And as long as the United States exists, nothing will happen to it.

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February 09, 2021, 08:04:46 PM
 #3

But Still the USA dollar is most Common used in trading Crypto.
If USA dollar is so weak Why we dont use eur based stable coin? 


Simple because it is still the most widely used currency around the world, there are many people that are located in Europe and that are using the euro to trade, it is just that the majority of people in this market are using the US dollar and as such exchanges create more stable coins that are backed by dollars than by euros and the only way for this to change is to see an increase in the demand for such stable coin or to see a very strong drop in the demand for US dollar backed stable coins.

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February 10, 2021, 03:52:08 AM
 #4

Err I think you're just basing "strengths" of the currency on their price, not the best idea imo. Price clearly isn't the only factor involved, though it is one imo, still it isn't that influential that all you'd need was something that can be priced higher for it to be "strong". The influence of the currency, plus the country backing it should all be taken into account. US dollar whether you like it or not, is widely used by a lot of people to transact, as well as the commonly acknowledged main currency for transactions.

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February 10, 2021, 07:57:39 AM
 #5

The term weak dollar is not a scientific word indicating the collapse of the US currency, but rather controlling the price of the dollar in order to increase or decrease exports and imports.
Some countries deliberately devalue their currency, such as China, to encourage exports, and some countries do not enable reserves to preserve the value of their currency, so they are in a continuous decline.
The difference between the two terms is remote.

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February 10, 2021, 08:33:32 AM
 #6

Where in the world did you hear this op? Dollar haters like spreading this misinformation in order to confuse people. USD is definitely still the strongest currency out there and Biden replacing Trump probably helped improve its value even further.

The only way I feel any currency stands a chance at replacing USD as king of currencies is through a world war, economies collapsing etc.

Chances of such events happening are basically negligible which is why I strongly believe that the dollar will still be king for a long time in the future.

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February 10, 2021, 06:57:32 PM
 #7

Where in the world did you hear this op? Dollar haters like spreading this misinformation in order to confuse people. USD is definitely still the strongest currency out there and Biden replacing Trump probably helped improve its value even further.

The only way I feel any currency stands a chance at replacing USD as king of currencies is through a world war, economies collapsing etc.

Chances of such events happening are basically negligible which is why I strongly believe that the dollar will still be king for a long time in the future.
He didn't hear it anywhere, he is just a troll. Open up his account and check his posts, you will see that all he does is open this type of topics everyday and try to get his numbers up, that's about it. The reality is that US Dollar is still the strongest currency out there in the world.

This is why I think it is obvious that we are in a world where USA printed trillions upon trillions of dollars out of nowhere, nobody else in the world could even imagine doing that, can you consider what would happen if one day some african poor nation decides to print 1 trillion dollars worth of their own fiat? Their fiat would suddenly become like Zimbabwe dollars, but USA did that and nothing really happened.

This is not because USA is such a great nation, it is because people do believe that no matter how much debt there is, USA will always pay it back (kind a like lannisters) so everyone agreed that USA printing money wasn't a problem.
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February 10, 2021, 08:22:06 PM
 #8

What is the weakness of the dollar? Smiley Whatever the "weak dollar" is - not a single currency has ever been able to even come close to its level! For example, in the USSR it was always accepted (of course, cheap, stupid propaganda) to say that "tomorrow the dollar will cease to exist." I remember these "horror stories" from the 80s of the last century, when I was in school, and our children poured this nonsense into their ears Smiley And now 40+ years have passed - and NOTHING HAPPENED to the dollar! And as long as the United States exists, nothing will happen to it.
Totally agree with you, it's usually weak and unsecured, but manipulative and lying governments or organizations that tell those tales. It drives me crazy, but even nowadays there are actual people, who say that dollar is weak, and that USA economics is very unreliable and no one in his right mind should go there, because it's got 5-10 years to live before some major crush and crisis  Grin

And the funny thing is: where's that very government that fed its people with misinformation regarding $ for years? The dollar outlived it! Cheesy
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February 10, 2021, 09:20:35 PM
 #9

But Still the USA dollar is most Common used in trading Crypto.
If USA dollar is so weak Why we dont use eur based stable coin? 



Trading of cryptocurrencies against USD do not worry a person who is not living in USA , it's just a form of exchange, people generally don't keep their money in USD because it changes literally so fast. Using it to exchange for your crypto currency and at the same time , Making sure to never use it as a form of investment, generally works out well for me.

Other than that the dollar might be weak but at the same time it's the most common currency around the world, therefore it is available almost everywhere on the exchange platforms.

Plus right now experts have warned that there will be 20-30% decrease in the price of the dollar and I do think so too. The excessive stimulus has made it on the edge and the government is trying to push as hard as they can right now. But remember we only need the USD to exchange 💱 for a short time so it does not bother me much.

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February 10, 2021, 10:10:25 PM
 #10

But Still the USA dollar is most Common used in trading Crypto.
If USA dollar is so weak Why we dont use eur based stable coin? 


Because dollar is the universal coin in the whole world now and it is uses by so many people in the world, there's no doubt that some stable coins are pegged with usd and I think there's no problem with that, it is not an issue for me if it is weak or not because as what I am seeing usd in the stock market is not volatile and it is slowly improving since its dip last year.
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February 10, 2021, 10:51:08 PM
 #11

But Still the USA dollar is most Common used in trading Crypto.
If USA dollar is so weak Why we dont use eur based stable coin?  



Export heavy economies sometimes favor a weak economy. Corporate profits are determined on a per unit basis. Ford and chrysler might profit $4,000 for every car (unit) they sell. If their currency is weak, it allows the private sector to sell more units, which translates to greater revenue and profit. This is something china is notorious for with devaluing their yuan fiat. Of course, weak currency also translates to reduced purchasing power for consumers and so resembles a doubled edged sword. Where its good for corporate profits but not so great for consumer buying power.

America lacks the manufacturing and export base china has, to make currency devaluation worthwhile. In this case, projections of a weak dollar are a mirror reflection of future projections of the US economy being weak.
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