Dollar coming to an end

[Amph]

I don't have any dollars so I don't care. All I got are cryptos!

and how you use them, you need to dump for usd at one point, unless in your zone you can pay everything with bitcoin(i high doubt that)

but in the event the dollar collapse(unlikely before any other fiat) bitcoin will just switch to euro and so on, as long as there is one fiat we can measure its value easy

[1714661889]

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[1714661889]

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[1714661889]

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[1714661889]

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[Aayush]

Interesting article with a very surprising end (related to Bitcoin see last 2 paragraphs)

http://www.telegraph.co.uk/finance/comment/liamhalligan/10978178/The-dollars-70-year-dominance-is-coming-to-an-end.html

Te only end that will come to Dollar will be on the hands of Bitcoins.

[BillyBobZorton]

Interesting article with a very surprising end (related to Bitcoin see last 2 paragraphs)

http://www.telegraph.co.uk/finance/comment/liamhalligan/10978178/The-dollars-70-year-dominance-is-coming-to-an-end.html

To end the monopoly of USD, is like saying that US will not remain the most powerful nation of all. Whatever China and Russia do, they cannot run their economy just by doing business within themselves. They will always have to come to USD for improving their business relationships with other countries and to boost their economy.

If China and Russia where to ally with Japan, they could create an amazing force. Japan has all the hi tech these 2 countries are lagging behind for years. It's a very unlikely situation tho, I don't see Japan becoming a fundamental ally with any of those.

Japan has a very bad relation with China, which is very sad, since Japan has high tech and creativity, China has labour and resources.

If they would partner up strong, they could help eachouther our very very well.

Too bad this stupid rivalry is slowing down mankind.

It's the same rivalry that South Korea got with North Korea. If both joined forces they would become one of the leading powers in the world, but it's all a big ego fight that creates these rivalries and as we know the further they go separated thought time the biggest the gap it becomes to the point an alliance is just impossible. All rivalries of any kind are hindering human development.

[Netnox]

Any indicators this is happening?

[GreenStox]

It's the same rivalry that South Korea got with North Korea. If both joined forces they would become one of the leading powers in the world, but it's all a big ego fight that creates these rivalries and as we know the further they go separated thought time the biggest the gap it becomes to the point an alliance is just impossible. All rivalries of any kind are hindering human development.

No its not the same, by far, NK is a slave race, even if they would liberalize their country, they would remain sheep.

Communism makes people very gullible and sheep and drops the average IQ by 30 points, they already did irreversible mental damage to those poor people.

So they would not not have the creativity and courage required to build a strong free economy.

[mayflor2]

It's good to see usd melting against btc everyday.
I invest my usd in btc i know it will rise.

This is why most of us is here, hoping btc will replace dollar.
If the growth continues exponentially like in the last years, our dreams will come true.

Btc will not be replacing usd but creating its own position in the market, competing against dollar. Replacement requires acceptance, approval and shit load of restrictions. Usd is strong and it is a currency which enjoys monopoly, I don't think so it can just be replaced.

[Amph]

Any indicators this is happening?

pure speculation, and actually since this thread started dollar is stronger than before, so even wrong guessing we have here

if this will happen one day it won't be before many decade because something as strong as the usd, cannot collapse so easily and so quickly

[oniromancia]

It's good to see usd melting against btc everyday.
I invest my usd in btc i know it will rise.

This is why most of us is here, hoping btc will replace dollar.
If the growth continues exponentially like in the last years, our dreams will come true.

Btc will not be replacing usd but creating its own position in the market, competing against dollar. Replacement requires acceptance, approval and shit load of restrictions. Usd is strong and it is a currency which enjoys monopoly, I don't think so it can just be replaced.

I think you are trying to be sarcastic, but if you look at history, you are inadvertently being literal. Whenever governments tank, or "infrastructure collapses", gold prices SOAR. Gold is one of the oldest currencies of man, and has been valued extremely highly through periods of order, and especially highly during periods of disorder. When confidence in fiat currency(and thus the government) wanes, the relative price of gold increases compared to said currency.

[Miracal]

Dollar is affiliated with lots of imports and exports, it has a strong position in the economy right now and its is pretty much indestructible in the moment. It is terrible to assume that it can be destroyed so quickly, and so easily.... But nothing is impossible

[Snorek]

Dollar is affiliated with lots of imports and exports, it has a strong position in the economy right now and its is pretty much indestructible in the moment. It is terrible to assume that it can be destroyed so quickly, and so easily.... But nothing is impossible

The bigger the bubble, the longer it takes to collapse. The dollar has had a hundred years of global number 1 currenncy status. Even the final stage of a bubble this big could outlast a lifetime. 
Or it could collapse tomorrow due to a seemingly small event.

[GreenStox]

Dollar is affiliated with lots of imports and exports, it has a strong position in the economy right now and its is pretty much indestructible in the moment. It is terrible to assume that it can be destroyed so quickly, and so easily.... But nothing is impossible

The bigger the bubble, the longer it takes to collapse. The dollar has had a hundred years of global number 1 currenncy status. Even the final stage of a bubble this big could outlast a lifetime. 
Or it could collapse tomorrow due to a seemingly small event.

I think the FED should buy some altcoins, it would help our investments alot. Perhaps bitcoins too, i would love to see 100000000% returns on my investment.

I dont understand why they buy stupid bonds that have no value

[JarvisTechnology]

Interesting article with a very surprising end (related to Bitcoin see last 2 paragraphs)

http://www.telegraph.co.uk/finance/comment/liamhalligan/10978178/The-dollars-70-year-dominance-is-coming-to-an-end.html

That's just pure speculation. If you were to estimate what happens to dollar in 70+ years, your estimate will be based on the assumption that things remain similar to the way they are right now, and you consider certain factors that are potentially gonna change over time.

But what about the zillion other factors that you have assumed to be the same? It's a pretty unfair speculation is all I'm trying to say.

Dollars are reserve currency for more than 50 years.The forces supporting dollar dominance are weakening. Technological change is undermining the dollar’s first-mover advantage. And,now China is making even faster progress than anticipated on renminbi internationalization but also points to challenges lying ahead.
https://deutscheawm.com

[Miracal]

Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.

The Dollar has lost ~ 98% of it's value in a little over 100 years. If you consider the size of the USA debt, then "we" are in really serious trouble.

When are such 'debts' usually settled? The strongest country on Earth has the largest debt, and all that debt is mostly for the smoothness and creation of its efficient resources, the army, the defense system... If what makes it strong itself is making it weak, isn't that some shit?

[HigsonPP]

The value of dollar has depreciated A LOT in the past 100 years itself, so all the people defending that the dollar will never collapse are totally wrong. It will, definitely, and you will even be alive to watch it in crisis. The right moves and bitcoin might actually replace it. All bitcoin needs is supply and demand. Let's use it much more and grow it.

[Mehek]

The dollar could not be world reserve currency between tomorrow and whenever, so maybe one day.

As found on wikipedia, 'By the end of the 20th century, the United States dollar was considered the world's most dominant reserve currency, and the world's need for dollars has allowed the United States government as well as Americans to borrow at lower costs, granting them an advantage in excess of $100 billion per year.'

However, the U.S. dollar's status as a reserve currency, by increasing in value, hurts U.S. exporters!

[dblink]

Isn't it really a joke that Dollars are coming to an end, No way my nears and dears. Dollars owned by the United States of America and it will not fell down too cheaply to an end, this will lead to disaster impact on global market, US will squeeze the bones into sweats of global currency if they see any hazard coming closer to their Dollar currencies.

[Erdogan]

Dollar is affiliated with lots of imports and exports, it has a strong position in the economy right now and its is pretty much indestructible in the moment. It is terrible to assume that it can be destroyed so quickly, and so easily.... But nothing is impossible

The bigger the bubble, the longer it takes to collapse. The dollar has had a hundred years of global number 1 currenncy status. Even the final stage of a bubble this big could outlast a lifetime. 
Or it could collapse tomorrow due to a seemingly small event.

I think the FED should buy some altcoins, it would help our investments alot. Perhaps bitcoins too, i would love to see 100000000% returns on my investment.

I dont understand why they buy stupid bonds that have no value

They do it to depress the interest rate, and to expand the money volume in the form of debt.

[Erdogan]

Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.

The Dollar has lost ~ 98% of it's value in a little over 100 years. If you consider the size of the USA debt, then "we" are in really serious trouble.

When are such 'debts' usually settled? The strongest country on Earth has the largest debt, and all that debt is mostly for the smoothness and creation of its efficient resources, the army, the defense system... If what makes it strong itself is making it weak, isn't that some shit?

It is not settled, the debt is continuously expanded. They 1) depress the interest rate 2) expand the money supply by continuously creating more debt 3) they sometimes expand the money supply directly with quantitative easing, and 4) they have a good run when they spend all the new money.

[GreenStox]

I don't have any dollars so I don't care. All I got are cryptos!

How do you live what do you eat? How do you pay property tax? What about your internet and other expenses?

I`m sure you must hold atleast basic amounts of fiat.

Getting around fiat 100% is just not possible yet .

[Amph]

I don't have any dollars so I don't care. All I got are cryptos!

How do you live what do you eat? How do you pay property tax? What about your internet and other expenses?

I`m sure you must hold atleast basic amounts of fiat.

Getting around fiat 100% is just not possible yet .

unless you still live under your parents, and they pay everything for you and you can pay for your thing, with crypto directly, it should work i guess

but there was a guy on bitcointalk (Edward his nick, i think?) that get rid of his card and he is using 100% bitcoin