Bitcoin could win the currency war

[lixer]

I see that bitcoin will benefit immediately (already doing so) from a tailwind of irresponsible money printing, but more than that, I see it benefiting from the silent economic wars in which even the theoretical winners may end in a sea of debt that, once again, will be paid printing monopoly money.

Ray Dalio phrases the opportunity: “And you have a situation when there is a rising power challenging an existing power, there is competition, and there is a risk of war. And so how they deal with each other, whether there is a greater good or whether they are fighting with each other, is the defining moment.”

That depends on what you mean by Bitcoin winning the currency war, if you’re talking about it becoming the main currency that the world will be using that’s not going to be happening but as for becoming an alternate currency that a lot of people will rely, I believe that’s going to happen and it is already happening as there are so many people who are now making use of Bitcoin to send and receive money, though as of recent it has been an issue as the fees that are required to be paid before a transaction is confirmed has become really high and people are considering different other options. So, right now it’s more of an investment.

On what I am sure about is, regardless of how many people will be adopting bitcoin and whether bitcoin will be winning the currency war or not, I believe bitcoin will remain as one of the prominent payment option for its unique feature which means bitcoin will conquer all finance related wars over the time .

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[Raflesia]

That depends on what you mean by Bitcoin winning the currency war, if you’re talking about it becoming the main currency that the world will be using that’s not going to be happening but as for becoming an alternate currency that a lot of people will rely, I believe that’s going to happen and it is already happening as there are so many people who are now making use of Bitcoin to send and receive money, though as of recent it has been an issue as the fees that are required to be paid before a transaction is confirmed has become really high and people are considering different other options. So, right now it’s more of an investment.

On what I am sure about is, regardless of how many people will be adopting bitcoin and whether bitcoin will be winning the currency war or not, I believe bitcoin will remain as one of the prominent payment option for its unique feature which means bitcoin will conquer all finance related wars over the time .

Bitcoin will not replace real money around the world, it will be difficult how physical money can be replaced with digital money.
We know as an alternative way is the best solution today, even if the value is so high it can make war in the stock market who will be stronger for the many people who will be acquired.
I would like to know how that big adoption is happening to all the other points with some crypto advancements being developed all the time, we will find out how bitcoin will become the most expensive asset in history if it is possible to hit $100k in the future.

[ultrloa]

That depends on what you mean by Bitcoin winning the currency war, if you’re talking about it becoming the main currency that the world will be using that’s not going to be happening but as for becoming an alternate currency that a lot of people will rely, I believe that’s going to happen and it is already happening as there are so many people who are now making use of Bitcoin to send and receive money, though as of recent it has been an issue as the fees that are required to be paid before a transaction is confirmed has become really high and people are considering different other options. So, right now it’s more of an investment.

On what I am sure about is, regardless of how many people will be adopting bitcoin and whether bitcoin will be winning the currency war or not, I believe bitcoin will remain as one of the prominent payment option for its unique feature which means bitcoin will conquer all finance related wars over the time .

Bitcoin will not replace real money around the world, it will be difficult how physical money can be replaced with digital money.
We know as an alternative way is the best solution today, even if the value is so high it can make war in the stock market who will be stronger for the many people who will be acquired.
I would like to know how that big adoption is happening to all the other points with some crypto advancements being developed all the time, we will find out how bitcoin will become the most expensive asset in history if it is possible to hit $100k in the future.

Even if we go digital still bitcoin cannot replace fiat since government will create its own digital currencies to float up on their economy and most provably bitcoin will be second option again so maybe lets not push to make this things happen since I think if government will see this a threat on their economy maybe they will ban its usage to eliminate the possible competitor.

[Stedsm]

I believe that the crypto (not Bitcoin alone) is winning the hearts of everyone all over the world. And if we talk about BTC only, it's being given very much importance in Google Search as it topped in Turkey while Lira (the currency of Turkey) falls over 15% in a day. I believe that an extremely hard competition for both paper and digital money (in fiat) arose after BTC got such huge recognition from major institutionalists as well as companies.

[Mauser]

I believe that the crypto (not Bitcoin alone) is winning the hearts of everyone all over the world. And if we talk about BTC only, it's being given very much importance in Google Search as it topped in Turkey while Lira (the currency of Turkey) falls over 15% in a day. I believe that an extremely hard competition for both paper and digital money (in fiat) arose after BTC got such huge recognition from major institutionalists as well as companies.

A 15% drop in one day a lot, I wasn't aware that the Lira is going down so hard. For countries with a weaker currency Bitcoins are definitely a huge threat. Banning crypto currencies might be a way for governments to try and win the currency war, but this is only short term. In my opion long term there is no way to win the currency war against crypto currencies. The popularity is rising with every new month.

[djangofan]

There is no reason to believe that Bitcoin will replace fiat,  but rather it will sit along-side the currencies "declared via fiat" in each country.   What Bitcoin WILL DO is serve as a relative basis to measure (as a report card)  the inflation/deflation of each fiat currency, in the same way that Gold serves that purpose today.

[Stedsm]

A 15% drop in one day a lot, I wasn't aware that the Lira is going down so hard. For countries with a weaker currency Bitcoins are definitely a huge threat. Banning crypto currencies might be a way for governments to try and win the currency war, but this is only short term. In my opion long term there is no way to win the currency war against crypto currencies. The popularity is rising with every new month.

The success of your statement lies in the continuous price rise in cryptocurrencies which will not be the case forever. And Bitcoins are a threat to weaker currencies? No, BTC will work as a supportive cryptocurrency for such fiat as the value of that fiat will decrease against crypto in such a way that your held amount will be worth more than what was invested.

[Scripture]

There’s no war since bitcoin can’t totally replace fiat money, and now that the government understand the importance of Digital currency, they are making their own digital currency using their fiat money so its hard to say that Bitcoin can really win the war because there’s none at all. Its just that Bitcoin made a better option for us, so its up to the government if they are going to improve the fiat system or not.

[Stedsm]

There is no need to start any wars, because bitcoin and fiat currencies may well co-exist for mutual benefit. Also, I am not sure that any normal and sane government of any large country will arrange a competition or even a war between bitcoin and its fiat currency. Everything will be solved technically and in favor of the state interests, but not necessarily with a total ban on cryptocurrencies at the same time.

Here in India, there's a lot of FUD that the government is only interested in using Blockchain technology and use it for the digital rupee, but without allowing cryptocurrencies like Bitcoin and Ethereum (and others) join the technology. Stupid people don't even know that testing a bike without tyres is impossible.
I saw Americans too got caught by their Government when their gov said that they will be increasing the tax rates now just because they've been providing "free money" to their public through lots of continuously ongoing stimulus. I still don't understand what gives these Governments a huge level of confidence to trust their traditional banking only over crypto?

[Jemzx00]

There’s no war since bitcoin can’t totally replace fiat money, and now that the government understand the importance of Digital currency, they are making their own digital currency using their fiat money so its hard to say that Bitcoin can really win the war because there’s none at all. Its just that Bitcoin made a better option for us, so its up to the government if they are going to improve the fiat system or not.

For me, people who thinks that bitcoin, ethereum and other major cryptos as a currency or will replace fiat is just ridiculous. Bitcoin and cryptos are a digital asset that can change their market price any moment just like on stocks. You won't think stocks market to be your currency, right?
But what I see on the future is that the government and banks to make their own crypto. Like importing your fiat into a stablecoin with the same name. This way it won't be as volatile as other crypto such bitcoin and it be the future digital currency that we will all see.

[Fesatmas]

On the other hand, we as citizens outside the United States and China can only stand by and hold on to the hope that things will make some concessions. Little by little we are subject to sanctions, a weak country only becomes the foundation of a superpower, where the two countries always feel as gods for all mankind. trade wars, nuclear, gold, petroleum, coal, and even bitcoin are almost trying to be claimed. is there no desire for peace and prosperity? as the leader of a country in the world, he must set a cool example. We who are only developing countries will be victims if a nuclear war occurs. and to make matters worse, are they really going to be held responsible if something untoward happens one day.

Bitcoin needs to temper their emotions, it needs to mediate between those of us outside America and China.

[blackened515]

But what I see on the future is that the government and banks to make their own crypto. Like importing your fiat into a stablecoin with the same name. This way it won't be as volatile as other crypto such bitcoin and it be the future digital currency that we will all see.

Yeah, I agree with you, if Bitcoin or other alt is implored in banks by the government, the bank will be at lost if bitcoin price goes up, or something hilarious might happen sudden after. Stable coin will certainly not create any chaos among bank and customers, in this way it may seems to be a custodial services offering coins and Fiat at same time. This actually will be awesome but majority will consider going fully into non-custodial cryptos.

[BETTYUI]

My mission is that Bitcoin can win this war, because in this age of technology, Bitcoin can have a very significant impact. He has great power. It is a product of technological development, it is very convenient to use, and it has its own advantages, which cannot be compared with other currencies.

[Lorence.xD]

My mission is that Bitcoin can win this war, because in this age of technology, Bitcoin can have a very significant impact. He has great power. It is a product of technological development, it is very convenient to use, and it has its own advantages, which cannot be compared with other currencies.

Saying that bitcoin has a significant impact is a subjective thing to say because in my opinion because bitcoin did shook the foundations of the existing financial institutions but it didn't replace it or anything in that realm, if there really is a war, I think that everything is just getting started, we are just putting everything in place.

[bitgolden]

Saying that bitcoin has a significant impact is a subjective thing to say because in my opinion because bitcoin did shook the foundations of the existing financial institutions but it didn't replace it or anything in that realm, if there really is a war, I think that everything is just getting started, we are just putting everything in place.

Well, isn't shocking it enough? I mean it doesn't need to replace it, it needs to change it just enough to make fiat world realize that if they go on with their regular methods this way, they are going to lose and much more people will turn to crypto. Plus we are now seeing a lot of places starting their own cards, which will allow people to never own fiat at all, with the exchanges cards you will be capable of spending your bitcoin anywhere you go, and those places will be paid with fiat while you pay with bitcoin, thanks to those cards.

The more that gets famous the more people will stay in crypto and not move to fiat and there will be a stage where fiat will be even worse when it was today (which is already very bad) this is why I think it is quite important to realize even if we manage to just change a few things in the fiat world that would be a big win for us.

[AndySt]

Here in India, there's a lot of FUD that the government is only interested in using Blockchain technology and use it for the digital rupee, but without allowing cryptocurrencies like Bitcoin and Ethereum (and others) join the technology. Stupid people don't even know that testing a bike without tyres is impossible.
I saw Americans too got caught by their Government when their gov said that they will be increasing the tax rates now just because they've been providing "free money" to their public through lots of continuously ongoing stimulus. I still don't understand what gives these Governments a huge level of confidence to trust their traditional banking only over crypto?

All these bans on cryptocurrencies will be a temporary phenomenon if other states actively allow the use of cryptocurrencies, just a look from the outside at the successful and most importantly profitable use of cryptocurrencies for other states can bring the right understanding to the minds of statesmen By the way, some tax increases were already implied by the election promises of the current American administration, and what sauce it will be packed with for the layman is not the essence of the matter 

[BETTYUI]

The world is still full of love, and love allows us to overcome all difficulties. We must always believe that love exists. We must not only believe in love, but we must also dedicate our love to let others feel the existence of love.

[Maslate]

This is not a war and Bitcoin never competes with fiat or any local currency. People will know that Bitcoin isn't fully established as a currency but most investors are just considering this as a store of value and investment. This just gives us another option, not a thing that it was created for the said purpose to replace fiat.

I don't know why some people wanted Bitcoin to replace fiat money. Or, I'm not sure if they know more about Bitcoin that they are confident enough that this never gives any problem in the future.

[Matimtim]

I think bitcoin could win the currency war but if could be happen when one country put their full trust in the crypto currency, and if that situation happen, china might win, because they using higher than other countries however china will compete first to us  to be more dominant  because those countries are more advanced in terms of using high technology.

[conected]

I think bitcoin could win the currency war but if could be happen when one country put their full trust in the crypto currency, and if that situation happen, china might win, because they using higher than other countries however china will compete first to us  to be more dominant  because those countries are more advanced in terms of using high technology.

- You really know how to joke about this story, how bitcoin won all the trust and love from a country when the mystery about it is still a long list to answer, especially this product does not depend on countries, it is like an independent unknown standing in the gaze of nations, full of hidden sheaths and suppressing cravings from government. A little investment to compete for mutual profits is possible, wanting to put bitcoin on a currency war, perhaps no country in the world wants, profit and control in bitcoin is enough to be a common enemy of other countries