Dollar coming to an end

[Bit_Happy]

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.

[abasin]

The same system is not in place today . . . It ended with the closure of the gold window!

[oblivi]

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.

But they can keep printing more and more money indefinitely to combat that hyperinflation so people hasn't perceived a change in purchasing power, the real question here would have been: how long can keep they doing this while keeping in order? can they go on forever? they give me the sometimes impression that yes they can.

[Hazir]

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.

The bigger the bubble, the longer it takes to collapse.  The pound dominated the world for about 100 years, then dollar came. And since then dollar has had a hundred years of global dominance status.

Financial liquidity is always presented as "stable", until it crashes.  When confidence changes, things move very fast.  If anyone knew for sure which way things will go, that person could make a lot of money.

Even the final stage of a bubble this big could outlast a lifetime.  Or it could collapse tomorrow due to a seemingly small event.

[Marbit]

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.

[josephliton2]

Its not profits of doom, its common sense. The USA has been living rich off the USD. It will be time to pay that back.

[Amph]

Its not profits of doom, its common sense. The USA has been living rich off the USD. It will be time to pay that back.

they will pay it back with another high debt, there no way this whole scam system will collapse, it's a pefect system made by them, and it is working since many decade, also this system has overcome many crises

so again there is no reason for it to stop here, unless some major thing appear, like everyone will switch to crypto, almost impossible

[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.

I don't know about the currency replacement happening so fast but I am sure dollar wouldn't collapse for ATLEAST 30 years. A lot happens in 30 years and I would really be happy if it goes down as my btc will go up but I would rather stick on my realistic guns.

[dollarneed]

i wish thats gonna be happen and bitcoin replaced it and the goverment would accepted it officially and iam pretty sure that fiat's gonna converted to the cryptocurency,but iam not confident that goverment could join with bitcoin maybe they just adopted it and make their own cryptocurency , who knows?

[HigsonPP]

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

Dollar may lose its value a little.. because of the other upcoming economies.. but it won't die.. it won't for sur hit rock bottom

[ThEmporium]

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

It is very soon to conclude that Dollar is coming to an end. Dude, this is the currency of Super Nuclear powered country called United States of America. At present, U.S is controlling all monies value in financial markets, what they fix the value, that value only be calculated and approved.

[Gyfts]

The amount of times I've seen this brought up....I'm extremely skeptical of this happening. Everyday someone is claiming the dollar will fall and Bitcoin/gold/(insert precious metal here) will prevail. It's old at this point.

[GreenStox]

The amount of times I've seen this brought up....I'm extremely skeptical of this happening. Everyday someone is claiming the dollar will fall and Bitcoin/gold/(insert precious metal here) will prevail. It's old at this point.

Well if China stops building ghost cities and they start liberalizing their economy then it might become endangered.

However yes to go away at all is unrealistic, it might drop by 30-50% in value, but not more. Atleast not in the next 10-15 years.

[deluxeCITY]

Dollar, people still use those?
I just use BTC for everything these days. It's too easy not to.

[Amph]

Dollar, people still use those?
I just use BTC for everything these days. It's too easy not to.

i wish i could do the same,, there are still numerous thing that prevent me from using it directly, like food(supermarket small market) and some electricity shop like amazon(i'm waiting for open bazar) that could come in hand for changing computer part

but i don't want to buy abroad, even if they accept bitcoin, because then there is the problem with the customs...

[Anony]

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.

[pureelite]

Most of us will probably not be alive when the dollar collapses so it's not going to make much difference to us.

\
Hell yeah it will collapse. Russian economy is way too strong. And when it does, you will have nothing left. Your oil resources are runing low, so watch out... I would be worried.

[neurotypical]

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.

[GreenStox]

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.

[M28MmickT]

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