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. 
Topic: Bitcoin could win the currency war - page 3. (Read 931 times)
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.
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. 
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.
Bitcoin needs to temper their emotions, it needs to mediate between those of us outside America and China.
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.
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?
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.
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.
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.
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.
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.
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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Bitcoin will not replace real money around the world, it will be difficult how physical money can be replaced with digital money.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
.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.
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.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
.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.
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.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.”
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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The war is different one.Actually their was a clash between the bitcoin, US dollar and Chinese yuan. Bitcoin made a competition between the currency. Because before this clash only clash was over American dollar and Chinese yuan. Dollar lead the track over a huge period even in the cold war.
There are many arguments for and against this notion. In this war of currency evaluation and devaluation, I do believe that bitcoin will win.
Let's take a look at this, bitcoin has only been here for a little over a decade and it has risen in value from almost nothing to well over $50k. This is as a result of bitcoin's mass adoption over the years. If bitcoin can do this in just these few years, imagine what it would have become in 30 years from now.
The American dollar and the Chinese yuan can only do so little as compared to bitcoin which is a global currency
Let's take a look at this, bitcoin has only been here for a little over a decade and it has risen in value from almost nothing to well over $50k. This is as a result of bitcoin's mass adoption over the years. If bitcoin can do this in just these few years, imagine what it would have become in 30 years from now.
The American dollar and the Chinese yuan can only do so little as compared to bitcoin which is a global currency
There is both right and wrong statements in both of your approach. Bitcoin is seen as money because it is spent in some places, but it is also seen as money because even if people end up not being able to spend it directly, they just hold it as money on their wallets and when they need to spend it on something that doesn't take bitcoin they exchange it to fiat and spend it that way, but that is not because they do not see it as money but because the place they buy things from do not see it, there are tons of people who would use bitcoin forever and never fiat if that was an option, there are millions of us.
Bitcoins only are considered as money till they have value on exchanges and there is a way to sell/exchange them for something useful. There won't be a single supporter of bitcoins I can assure you if the price drops and becomes zero suddenly, I know that won't happen ever but just imagine why will people hold coins if they are of no value.People want to live on crypto because some of them want to avoid and evade tax, which I am not saying is wrong, but that is the reason behind living on crypto. I don't see a difference in having $100 in my bank or $100 in my bitcoin wallet.
For a European buying dollars because dollar may increase in value versus euro could be both money that is spent but also speculative asset as well.
Very well said, every coin or asset we buy has speculations whether it can grow or collapse and the recent growth of Bitcoins has something to do with the fear about economic failure being expected after the coronavirus as more money was printed which eventually brings the economy down. I have to disagree. As such there is no competition between fiat currency and cryptocurrency. Nowadays hardly anyone is using Bitcoin as a currency. Most of them are using it as a form of speculative investment asset, or as a store of value. Bitcoin is not actually designed for usage as a currency, which can do instant payments. Regardless of the fee, the average time required for new blocks is 10 minutes and that means that instant payments are not possible with Bitcoin.
Contrary here on your view that bitcoin isn't use as money by many people but as a speculative asset. I think that isn't correct and many use bitcoin as money and instant payment, otherwise what happens when bitcoin is exchanged for fiat during P2P?But, there are also people who see it speculative asset as well, just because it is considered by millions as money doesn't change the fact that millions also see it as a way to make money neither, I see it as both of them for example, both money and also a way to make money. For a European buying dollars because dollar may increase in value versus euro could be both money that is spent but also speculative asset as well.
I have to disagree. As such there is no competition between fiat currency and cryptocurrency. Nowadays hardly anyone is using Bitcoin as a currency. Most of them are using it as a form of speculative investment asset, or as a store of value. Bitcoin is not actually designed for usage as a currency, which can do instant payments. Regardless of the fee, the average time required for new blocks is 10 minutes and that means that instant payments are not possible with Bitcoin.
Contrary here on your view that bitcoin isn't use as money by many people but as a speculative asset. I think that isn't correct and many use bitcoin as money and instant payment, otherwise what happens when bitcoin is exchanged for fiat during P2P?
Never and under no circumstances does the state financial system recognize bitcoin as its currency, or currency as such. The very idea of an uncontrolled financial world contradicts the essence of the existence of the state and its financial system, which is its foundation. Bitcoin can be recognized as an asset and even some means of payment, but not a currency! Unless the world will plunge into the chaos of total destruction ... Although then food, fuel, weapons will be valuable 
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