I hear de-dollarsotaion over and over again it's funny

[Shortmaster]

It's just funny it seems to me someone who really want to buy our dollars spreading this rumours.
Don't forget one thing in financial world all the news are either fud or FOMO nobody dont give here news just to inform others.

Smart question Will be when we Will see USD Market trading pairs being removed halted or replaced by other currencies?
It's just funny becouse USD still dominance the markets and not any time in future this not going to be changed.

And...brics..nations..china...russia..india...lol..give me brake.... it's joke.

[1715272317]

1715272317

[1715272317]

1715272317

[coupable]

It's just funny it seems to me someone who really want to buy our dollars spreading this rumours.
Don't forget one thing in financial world all the news are either fud or FOMO nobody dont give here news just to inform others.

Smart question Will be when we Will see USD Market trading pairs being removed halted or replaced by other currencies?
It's just funny becouse USD still dominance the markets and not any time in future this not going to be changed.

And...brics..nations..china...russia..india...lol..give me brake.... it's joke.

I partially agree with you in your position, but I assure you that it is not a joke, especially since the wave of getting rid of the dollar, or let's say "reducing the use of the dollar" has increased since the economic war reached its climax between China and the United States during Trump's term. However, this global trend has actually started since the sixties of the last century, as evidenced by the unification of Europe's currency to reduce the influence of the dollar and build a stable financial economy.
What I agree with you about is that despite all attempts to adopt alternative currencies or new exchange methods, the dollar still imposes absolute dominance with which it is almost impossible to get rid of it using these alternative means. The evidence for this is that the United States is never affected and does not show any position, and I do not imagine it will remain silent if what is happening threatens the dominance of the dollar, which can be considered one of the most important sources of its power to dominate the world.

[Shortmaster]

It's just funny it seems to me someone who really want to buy our dollars spreading this rumours.
Don't forget one thing in financial world all the news are either fud or FOMO nobody dont give here news just to inform others.

Smart question Will be when we Will see USD Market trading pairs being removed halted or replaced by other currencies?
It's just funny becouse USD still dominance the markets and not any time in future this not going to be changed.

And...brics..nations..china...russia..india...lol..give me brake.... it's joke.

I partially agree with you in your position, but I assure you that it is not a joke, especially since the wave of getting rid of the dollar, or let's say "reducing the use of the dollar" has increased since the economic war reached its climax between China and the United States during Trump's term. However, this global trend has actually started since the sixties of the last century, as evidenced by the unification of Europe's currency to reduce the influence of the dollar and build a stable financial economy.
What I agree with you about is that despite all attempts to adopt alternative currencies or new exchange methods, the dollar still imposes absolute dominance with which it is almost impossible to get rid of it using these alternative means. The evidence for this is that the United States is never affected and does not show any position, and I do not imagine it will remain silent if what is happening threatens the dominance of the dollar, which can be considered one of the most important sources of its power to dominate the world.

Moves like that large should be visible early...If we will be out of the USD dominance in 5 years then we should have some moves visible right now ...for example like "reducing USD trading pairs or so " but non of that happening.
I like smart people who can bring some realistic ideas out like you did.
It's always pleasure to talk with smart and educated people like i am.

[flyingcarpet]

It's just funny it seems to me someone who really want to buy our dollars spreading this rumours.
Don't forget one thing in financial world all the news are either fud or FOMO nobody dont give here news just to inform others.

Smart question Will be when we Will see USD Market trading pairs being removed halted or replaced by other currencies?
It's just funny becouse USD still dominance the markets and not any time in future this not going to be changed.

And...brics..nations..china...russia..india...lol..give me brake.... it's joke.

I partially agree with you in your position, but I assure you that it is not a joke, especially since the wave of getting rid of the dollar, or let's say "reducing the use of the dollar" has increased since the economic war reached its climax between China and the United States during Trump's term. However, this global trend has actually started since the sixties of the last century, as evidenced by the unification of Europe's currency to reduce the influence of the dollar and build a stable financial economy.
What I agree with you about is that despite all attempts to adopt alternative currencies or new exchange methods, the dollar still imposes absolute dominance with which it is almost impossible to get rid of it using these alternative means. The evidence for this is that the United States is never affected and does not show any position, and I do not imagine it will remain silent if what is happening threatens the dominance of the dollar, which can be considered one of the most important sources of its power to dominate the world.

Moves like that large should be visible early...If we will be out of the USD dominance in 5 years then we should have some moves visible right now ...for example like "reducing USD trading pairs or so " but non of that happening.
I like smart people who can bring some realistic ideas out like you did.
It's always pleasure to talk with smart and educated people like i am.

I'm not saying right or wrong about what you say. If this is going to happen, there should have been alternatives by now. Let's say these rumors are true. They are not valid unless the alternatives are large. But sometimes, seemingly weak alternatives can suddenly become stronger. Reducing the use of the dollar can be achieved by large movements. Even if such movements have taken place, they have not yet shown the expected effect. I don't know if this will happen in the coming years. It means a big change for something like this to happen.

However, as you said, we have not seen these alternatives so far. I can't say for sure it won't happen, but if it does it will be after a very long time.

[slapper]

This financial rodeo is definitely chock-full of FUD and FOMO, creating a never-ending whirlwind of emotions. It's like we're all living in a soap opera, isn't it?

Spot on about the USD. It's the kingpin, the top dog, the big cheese - you get the drift. Knocking it off its high horse isn't going to be a walk in the park. But hey, life is full of surprises! Who knows, we might wake up one day trading in a completely different currency pair.

About BRICS – you say it's a joke, but hey, sometimes life has a weird way of turning jokes into reality. Remember, the turtle did win the race against the hare! So, let's not write off these nations just yet. The plot could always thicken, you know!

[bettercrypto]

It's just funny it seems to me someone who really want to buy our dollars spreading this rumours.
Don't forget one thing in financial world all the news are either fud or FOMO nobody dont give here news just to inform others.

Smart question Will be when we Will see USD Market trading pairs being removed halted or replaced by other currencies?
It's just funny becouse USD still dominance the markets and not any time in future this not going to be changed.

And...brics..nations..china...russia..india...lol..give me brake.... it's joke.

If we are talking about dollars, just the other day I was also thinking about that, because most people know that the U.S. is already in debt but their currency is still the leader in the market.

       Then the strange thing is, they don't have any back-up to support their money other than the debt they have. Their currencies are not like other countries that are fully backed by Gold. But the value of each country's currency is still dependent on the price of the U.S. dollar, isn't that surprising?

[tabas]

While these news aren't really FUD but it's up to the listeners and readers if they'll be scared of such news. They all keep on talking about de-dollarization but it won't happen on an instant. The BRICS might be one of the biggest alliances that's focusing in removing USD with its dominance but it will take time and that's the reality. As your sentiment goes for real that the pairs with trades for USD won't be gone and removed quickly, only time will tell if it will happen or if the USD will be stronger out of these situations.

[Hispo]

I think that it is possible for the USD dollar to lose its position of dominance on the market worldwide, but it is not as easy or fast as some news or people make it sound. It can be a very long process or getting the trust of investors and holders of the new currencies so they can do transactions as they please as they usually do with the USD.

The thing is that USA is one of the biggest economies on the planet and much of the global commerce happens to go through that country, which means there will be always a demand of their currency.  China and their allies could come up with plans to implant the Chinese Yuan in developing countries in Asia and Latin America, to build a strong front against the USD, but still it is far from behind a reality, the status quo is strong.

[asriloni]

USD has been holding the biggest domination. It's not as easy as people think. I saw some countries have been dealing to make transactions with their own currency. In my opinion if that will be still useless. It has impact for their own nation but not for affecting the existence of USD. Dedollarization was only about speculation but it's different with the reality that happens now, dedolarisation has no massive impact. The fact that if dedolarisation has been starting a very long time ago.

It's getting a bit massive caused by china was trying to taking this as opportunity to push its yuan as a replacement for the dollar.
The fact that USD is too strong. Even it's strengthening on its value compared with another currency right now.

People can have very big speculation about dedolarisation will destroy US but it's being the opposite to the reality right now.

[coupable]

It's just funny it seems to me someone who really want to buy our dollars spreading this rumours.
Don't forget one thing in financial world all the news are either fud or FOMO nobody dont give here news just to inform others.

Smart question Will be when we Will see USD Market trading pairs being removed halted or replaced by other currencies?
It's just funny becouse USD still dominance the markets and not any time in future this not going to be changed.

And...brics..nations..china...russia..india...lol..give me brake.... it's joke.

I partially agree with you in your position, but I assure you that it is not a joke, especially since the wave of getting rid of the dollar, or let's say "reducing the use of the dollar" has increased since the economic war reached its climax between China and the United States during Trump's term. However, this global trend has actually started since the sixties of the last century, as evidenced by the unification of Europe's currency to reduce the influence of the dollar and build a stable financial economy.
What I agree with you about is that despite all attempts to adopt alternative currencies or new exchange methods, the dollar still imposes absolute dominance with which it is almost impossible to get rid of it using these alternative means. The evidence for this is that the United States is never affected and does not show any position, and I do not imagine it will remain silent if what is happening threatens the dominance of the dollar, which can be considered one of the most important sources of its power to dominate the world.

Moves like that large should be visible early...If we will be out of the USD dominance in 5 years then we should have some moves visible right now ...for example like "reducing USD trading pairs or so " but non of that happening.
I like smart people who can bring some realistic ideas out like you did.
It's always pleasure to talk with smart and educated people like i am.

I'm not saying right or wrong about what you say. If this is going to happen, there should have been alternatives by now. Let's say these rumors are true. They are not valid unless the alternatives are large. But sometimes, seemingly weak alternatives can suddenly become stronger. Reducing the use of the dollar can be achieved by large movements. Even if such movements have taken place, they have not yet shown the expected effect. I don't know if this will happen in the coming years. It means a big change for something like this to happen.

I do not know if you are keeping up with the latest news, but there are really serious attempts to reduce the use of the dollar, which appeared evidently after Russia’s decision to stipulate the sale of its energy products in the ruble only after its exclusion from the Swift system on the millennium of economic sanctions imposed on it after it invaded Ukraine more than a year ago. China also made several agreements with economically influential international parties (Saudi Arabia is an example) to conduct trade exchanges with it in Chinese yuan and abandon the dollar. In addition to some other agreements between some countries to adopt CBDC in the future in exchanges between them.
These shifts cannot be overlooked, but at the same time they do not represent a threat to the dominance of the dollar, since all countries participating in this wave keep the dollar as the most important part of their reserves, and it is difficult to work to reduce it in a short period.

[Husires]

The dependence of the dollar as a global reserve currency took more than 100 years, starting with the end of World War I and continuing with variables, including the oil crisis, the real estate crisis, the Nixon shock, and therefore removing this dependence will not take place within a week or even a month. It is a slow processing process that may take a long time. countries will gradually begin to reduce dependence on the dollar, so instead of all trading in the markets taking place in dollars, local currencies will replace them, and instead of all reserves in central banks being dollars and gold, that reserve will be dollars and other currencies in addition to gold.

Transforming countries to these standards may require more than 20 years, but it is starting to happen, and the snowball is slowly rolling, but it is accelerating to form an avalanche.

[DrBeer]

The dependence of the dollar as a global reserve currency took more than 100 years, starting with the end of World War I and continuing with variables, including the oil crisis, the real estate crisis, the Nixon shock, and therefore removing this dependence will not take place within a week or even a month. It is a slow processing process that may take a long time. countries will gradually begin to reduce dependence on the dollar, so instead of all trading in the markets taking place in dollars, local currencies will replace them, and instead of all reserves in central banks being dollars and gold, that reserve will be dollars and other currencies in addition to gold.

Transforming countries to these standards may require more than 20 years, but it is starting to happen, and the snowball is slowly rolling, but it is accelerating to form an avalanche.

You have described only a small part of the process.
The main question that we still do not solve in any way, or rather two questions are:

1. Why?
2. How to remember?

There are no logical, reasoned, adequate answers to any of these questions. There are hysterias of some countries that the US / EU and their partners have pressed on their throats (these are terrorist countries, outcasts, etc. international criminals). For other countries, this problem does not exist from the word absolutely!

[noorman0]

-snip-
Smart question Will be when we Will see USD Market trading pairs being removed halted or replaced by other currencies?
It's just funny becouse USD still dominance the markets and not any time in future this not going to be changed.

The crypto market is dominated by dollar-backed tokens, this is a minor form of de-dollarization as users are indirectly relying on the integrity of launchers which are none other than private companies. If the demand for various fiat pairs slowly increases, these companies will fulfill them or more companies will come with different fiat tokens.
Of course all the exchanges will not stop the dollar pair just like that without waiting for the dollar to really be less interested.

[hugeblack]

Considering that I live in the Arabian Gulf, where the dollar is the currency used in conducting all commercial transactions for the sale of oil and natural gas, and perhaps it is the reason for the dollar being a global reserve currency or what is known as the petrodollar. interest rates without involving the countries that contribute to the globalization of the dollar, or at least taking into account the damage to their interests, and yet they do not want independent moves from OPEC.
unless the United States changes its foreign policies, I believe that more countries will be open to using more currencies in their monetary policies, and it may come to selling oil in local currencies.

[Johnyz]

Probably a planned recession after all, 20 years of preparation is not that bad.
Anyway, USD will still remain a strong currency but it doesn't mean it cannot be replace by any currency, if the US economy will become more worst then other countries can choose either to suffer together with US or look for a better alternative. This is not funny at all, many will be affected and you'll realize how bad is this once you experience it.

[yhiaali3]

I agree with that opinion :“pairs containing USD trades will not disappear quickly” because this does not work like magic, de-dollarization is not a word to be sung to a crowd in a political tirade it needs big plans and long term execution.

Despite all the economic problems of the United States, the dollar still dominates all financial activities in the world. Removing such a system that is deeply rooted in the global financial system is not easy and requires many years of work and large international alliances based on countries with political and economic influence in the world.

[Synchronice]

It's just funny it seems to me someone who really want to buy our dollars spreading this rumours.
Don't forget one thing in financial world all the news are either fud or FOMO nobody dont give here news just to inform others.

Smart question Will be when we Will see USD Market trading pairs being removed halted or replaced by other currencies?
It's just funny becouse USD still dominance the markets and not any time in future this not going to be changed.

And...brics..nations..china...russia..india...lol..give me brake.... it's joke.

Well, absolutely every country has to pay for the debt that America creates, this country just exports debt in the rest of the world and I think it's not that hard to understand this in 21th century but the whole fun is, how are these countries going on their way of de-dollarization. They completely ignore the fact that The United States Of America has roots so deep in the whole world economy that de-dollarization will be devastating for them.

[kryptqnick]

There've been many discussions of this topic, and I thought that it's finally time to look at the objective side of the matter. I gotta be honest that while I remained sceptical toward the idea of dedollarisaton, all these discussions made me wonder if there's some truth to it. I found a wonderful article that shows the data in support of the idea that dedollarisation isn't really happening. For example, there's a chart of foreign exchange reserves by currency, and the percentage of reserves in the USD is higher now than it was in 1993, and it's not significantly lower than it's been overall in this century. It was around 60% of global currency reserves in the end of 2022, while it used to be 50% 30 years ago. To compare, the Chinese yuan is at less than 3%.

[Little Mouse]

It's just funny becouse USD still dominance the markets and not any time in future this not going to be changed.

You are right, there's still USD domination everywhere but it's not going to be there for long. It's not that easy to break this monopoly such easily but it will be in the near future. In an effort to strengthen South American identity, Brazil President has proposed a new common currency for South America. Imagine, all these happening everywhere and where will be the domination of USD heading to? I don't think USD is going to dominate for long anymore. And why it's so funny to you? There are some critical changes waiting ahead, that's not funny of course.

[The Sceptical Chymist]

Their currencies are not like other countries that are fully backed by Gold.

Sorry....what??  What country still has their currency on a gold standard?  Seriously, please name several examples--or at least one.

I think you're talking out of your ass, dude.  Everyone went off the gold standard years ago, and it's not coming back.  Ever.  In fact I'd say the reason the USD is so popular is because of the US's military might and overall reputation.  Not saying it's right, just that it's probably true.

This is the first time I'm hearing of de-dollarization or whatever the hell it's called.  Since I don't watch the news for psychiatric reasons, I'm guessing it's become the latest buzzword in the media?  And even though I'm an American, I couldn't care less if the USD loses any standing in the world.  Our leaders seem hellbent on running the economy into the ground and don't seem to have any sort of plan to undo all the damage that the last three administrations have heaped upon the citizens.  I think a nice credit downgrade would be a wakeup call to the powers that be, but I doubt the ratings agencies have the balls to do it.