Topic: Bitcoin could win the currency war - page 4. (Read 931 times)
Indeed, uncertainty in the financial sphere is in the air, and many are now wondering on the coffee grounds, and what will happen next. And then there will be something that no one will tell us about. Why? Because it is not beneficial to those who will initiate these changes. As for BTC and cryptocurrencies in general, it also cannot be said for sure that BTC will become the new world currency. Why? It's simple, although BTC has a limited emission and uses blockchain technology, but it is not protected from manipulation, which means it will also not be able to solve a number of financial problems, all the more so, would other countries want to see BTC as a new world currency? At this time, there is no talk about this at all.
I think we are forgetting here one thing, the market cap/ GDP / Countries income is all because of years of hard work that each government put in their which made it possible to that level. The whole thing is all about how country's economic model is working. It takes into consideration from small stuff like electricity bills, grocery buy-sell, big IT companies Taxes to Military expense and to International Business and welfare! This and every bit of country's operation takes it all to make up it's GDP. I guess bitcoin is dual nature thing: An asset + Currency. It's decentralised and it won't contribute to specific country's GDP and also no country will be able to benefit from it unless and until they accrue taxes from it! Which won't happen or else it will compromise the decentralised nature of the same.
I think there is no war. Bitcoin is bigger thing and it's future that we are living in the present!
I think there is no war. Bitcoin is bigger thing and it's future that we are living in the present!
BTC can sit side by side with the currency that will dominate just as how it does today where USD and BTC can be paired. if China's CNY can somehow rise over USD, BTC will still be alongside. BTC will still not replace any fiat even when there is a dominating power. i don't think there will even be a war if they intend to, they could have done so when China had yet not established an air defense zone in the south China sea.
It is not about regular fight anymore, nations do not go to war with guns anymore honestly, there are few instances of that by USA because they are spending so much money on military and that needs to be emptied somewhere, otherwise it is going to get bigger and bigger and then what? So, they go use it somewhere, basically think of it like USA letting of some steam to relax, they are a bit weird like that and they could attack anyone.However aside from them everyone talks with their money, as long as nations think they are all dealing fairly, they will not attack anyone, you think China and USA are in a bad relation? Check how much they trade with each other and you will see that it is not like that it is just a political show. But, I agree that bitcoin will be an alternative to any coin, it will not be the main one but it will always be alternative to all of them.
Obviously speaking, when we are seeing that bitcoin's adoption and progression is really happening, bitcoin have already won the war.
There are a lot of investors who are already engaging on it and trusting its capability to become the best cryptocurrency in the market.
It is all of us who won it, it is all of us who should be glad that we are seeing bitcoin to achieve more milestones in the generation.
Price speculation in bitcoin is not a huge problem but it can really affect our investment in some part.
There are a lot of investors who are already engaging on it and trusting its capability to become the best cryptocurrency in the market.
It is all of us who won it, it is all of us who should be glad that we are seeing bitcoin to achieve more milestones in the generation.
Price speculation in bitcoin is not a huge problem but it can really affect our investment in some part.
Depends on winning in what way, because currently Bitcoin value is far above other currencies. When viewed from this, Bitcoin should have won
the currency war. But if what is meant is to replace the USD which is currently the strongest fiat, it remains to be seen in a very long time.
Indeed, today with several institutions starting to invest in Bitcoin, the popularity of Bitcoin has increased greatly. But that doesn't mean Bitcoin
can replace fiat. I don't want Bitcoin to win the war with another currency, I prefer Bitcoin to make peace with another currency. Because it is more
ideal if Bitcoin can coexist with fiat.
the currency war. But if what is meant is to replace the USD which is currently the strongest fiat, it remains to be seen in a very long time.
Indeed, today with several institutions starting to invest in Bitcoin, the popularity of Bitcoin has increased greatly. But that doesn't mean Bitcoin
can replace fiat. I don't want Bitcoin to win the war with another currency, I prefer Bitcoin to make peace with another currency. Because it is more
ideal if Bitcoin can coexist with fiat.
I think Bitcoin is not actually involved in the currency war that you are talking about.
There are two currency wars right now. There is that fiat currency war in which the Renminbi is trying to take the global spot of the USD, the Pound Sterling trying to rise and rise against the Euro, and so on and so forth. There is also that currency war in which cryptocurrencies which is, of course, represented by Bitcoin taking up fiat currency as one.
The former, Bitcoin cares not. As regards the latter, everybody knows fiat is a huge underdog.
There are two currency wars right now. There is that fiat currency war in which the Renminbi is trying to take the global spot of the USD, the Pound Sterling trying to rise and rise against the Euro, and so on and so forth. There is also that currency war in which cryptocurrencies which is, of course, represented by Bitcoin taking up fiat currency as one.
The former, Bitcoin cares not. As regards the latter, everybody knows fiat is a huge underdog.
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.
There obviously is although probably not as strong as the competition between certain fiat currencies. And it reverberates in the strong demand for businesses to accept Bitcoin payment, in the continuous development toward reducing fees and confirmation time, even in the repulsion of certain governments' declaration that Bitcoin is illegal, and so on on.
But I agree that there's a very limited number of people who are using Bitcoin as a currency. However, it is not because it is not designed to be so but because of certain hindrances, which are not all unpleasant since one of the primary reasons why Bitcoin is not spent is that its price is fast appreciating. Nevertheless, Satoshi designed it to be a cash system, so I guess it was meant to be used as digital money.
I don't think there is a war. What I do believe is that there is a supremacist struggle to be leaders in technology between the US and China.
The future of the global technology industry will depend on the government policies of these countries, Europe, Japan, Korea, Taiwan, and other advanced nations.
Bitcoin could provide a great contribution to technologies due to the vision of large investors for the digital asset.
The future of the global technology industry will depend on the government policies of these countries, Europe, Japan, Korea, Taiwan, and other advanced nations.
Bitcoin could provide a great contribution to technologies due to the vision of large investors for the digital asset.
What's my entire assessment here is only the exaggerating information that came from mainstream media, but the reality between China and US was really in a cool behavior. All the rich people is behind the dominance they're arguing with, just depends on their financial power. But it doesn't mean all over war, because what we're combating right now is the inflation of fiat currency in every country.
Bitcoin has no price regulation, and it's price increases according to the demand coming from investors. There's no competition between bitcoin and fiat currency, they're classification is entirely different with each other.
Bitcoin has no price regulation, and it's price increases according to the demand coming from investors. There's no competition between bitcoin and fiat currency, they're classification is entirely different with each other.
No one can not reach the Bitcoin place. Bitcoin is future currency and it king of all coin. Bitcoin is any time to hit the price. So people will be wait for the price up and hold the long time. Bitcoin is model of the all coin. So Bitcoin is any where to reach and time to use the bitcoin. It helpful to future growth. Bitcoin is will be win the currency war.
The fiat will be deflating over time as we have witnessed how the value of USD has fell in comparison with the past due to rising inflation. Moreover the government printing new notes is contributing worse to the economy like US passing billion dollar stimulus bill to print new notes.Your wealth will decrease overtime if you are holding fiat but on the other hand if you are holding Bitcoin and other altcoins like Ethereum your net profits and wealth will grow in the future as prices will rise.So it is decentalized currency which can end price wars between countries making them more powerful.
sure even I heard opinion bitcoin is only for rich people it's not so far looks whenever we have dip you have to buy
BTC can sit side by side with the currency that will dominate just as how it does today where USD and BTC can be paired. if China's CNY can somehow rise over USD, BTC will still be alongside. BTC will still not replace any fiat even when there is a dominating power. i don't think there will even be a war if they intend to, they could have done so when China had yet not established an air defense zone in the south China sea.
I'm not sure about the accuracy of your information your provided here but in my own idea this topic is already discussed topic and many people believe bitcoin already won the economic currency war. However, I can't be sure about the comparing because comparing the fiat currencies and bitcoin can be a wrong comparison. Between all the fiat currencies none of them got limited total supply and these are not borderless while bitcoin in a famous crypto asset available for trading in all over the world. Generally, in my own idea comparing assets to currencies is a wrong comparison.
Indeed. I think that blockchain itself as a technology will come out on top for sure. China's push for a digital CNY is just the first step in this process.
But question is whether or not it'll be the decentralised forces that win or centralised, and it is really hard to tell right now.
BTC's adoption as a store of value is increasing on the grassroots level which is really promising. But central entities' influence can simply not be ignored either. As Ray Dalio mentioned, it'll be a matter of time before the CNY becomes the global reserve currency. Whether or not BTC is able to topple this fiat paradigm will rely on a few key upcoming years.
But question is whether or not it'll be the decentralised forces that win or centralised, and it is really hard to tell right now.
BTC's adoption as a store of value is increasing on the grassroots level which is really promising. But central entities' influence can simply not be ignored either. As Ray Dalio mentioned, it'll be a matter of time before the CNY becomes the global reserve currency. Whether or not BTC is able to topple this fiat paradigm will rely on a few key upcoming years.
When speculating on who will become the dominant economic power between USA and China, one should keep the Bitcoin argument away. Bitcoin's dominance has nothing to do with these geo-political issues and it cannot be an alternative in a world where China overtakes the USA.
China just doesn't have the goodwill, soft-power status that USA has enjoyed for several years. This is mainly also due to American people being a force for good in the rest of the world through generations. Whether as volunteers or wealthy philanthropists. The Chinese on the other hand are a bunch of profit-seeking zombies who will sell synthetic babies if that is where the profits are.
The two just don't compare. For anybody that disagrees, I recommend watching the interaction between Elon Musk and Jack Ma of Alibaba. It is hard not to distinguish the sheer difference in their visions and intellectual honesty. While Jack sounds like the typical businessman bullshitting his way through with quotable quotes, Musk is the smart, honest one thinking about real problems. The Chinese people have a lot to do before the world can find them trustworthy of a spot amongst the best of humanity.
China just doesn't have the goodwill, soft-power status that USA has enjoyed for several years. This is mainly also due to American people being a force for good in the rest of the world through generations. Whether as volunteers or wealthy philanthropists. The Chinese on the other hand are a bunch of profit-seeking zombies who will sell synthetic babies if that is where the profits are.
The two just don't compare. For anybody that disagrees, I recommend watching the interaction between Elon Musk and Jack Ma of Alibaba. It is hard not to distinguish the sheer difference in their visions and intellectual honesty. While Jack sounds like the typical businessman bullshitting his way through with quotable quotes, Musk is the smart, honest one thinking about real problems. The Chinese people have a lot to do before the world can find them trustworthy of a spot amongst the best of humanity.
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I don't know why people think about this way while in reality bitcoins cannot overcome any fiat currencies around the world since first bitcoin has no legal laws that allows it to use on government financial system as well bitcoin still questionable due to some shady activity in relation on how this one used. And even if we go digital most provably each country will create their legal digital currency and bitcoin will just an option.
I'm not thinking negative about this possibilities but in reality this currency winning war is almost impossible to win by bitcoin without law supporting it.
Bitcoin is no doubt one of the best assets to invest but it does not show any sign to become the next main currency. No government will let such a phenomenon take over their control over the monetary system. Even though bitcoin can get mass adoption from the people, without acceptance from the government, it can not make any big impact on the currency war
It won't show any signs even in the foreseeable future, the population is steadily growing and I don't think that even after the last block is mined at year 2140, bitcoin won't be enough for it to circulate around the world considering by that time we might hit a 10 billion population mark. The only way to win these currency war that everyone is pertaining is not to participate in it but instead at the least coexist with the current system. 
The USA and China might be competing,but they are also actively trading with each other.
It's true that Bitcoin benefited from the insane money printing around the world,but the money printing wasn't caused by the US/China conflict.I don't believe that Bitcoin is going to be the main winner of this conflict.
Probably the Federal Reserve System and the People's Bank of China will finally create CBDC and force their citizens to use them,while trying everything they can to throw Bitcoin under the bus.
It's true that Bitcoin benefited from the insane money printing around the world,but the money printing wasn't caused by the US/China conflict.I don't believe that Bitcoin is going to be the main winner of this conflict.
Probably the Federal Reserve System and the People's Bank of China will finally create CBDC and force their citizens to use them,while trying everything they can to throw Bitcoin under the bus.
I think Bitcoin is not actually involved in the currency war that you are talking about.
There are two currency wars right now. There is that fiat currency war in which the Renminbi is trying to take the global spot of the USD, the Pound Sterling trying to rise and rise against the Euro, and so on and so forth. There is also that currency war in which cryptocurrencies which is, of course, represented by Bitcoin taking up fiat currency as one.
The former, Bitcoin cares not. As regards the latter, everybody knows fiat is a huge underdog.
There are two currency wars right now. There is that fiat currency war in which the Renminbi is trying to take the global spot of the USD, the Pound Sterling trying to rise and rise against the Euro, and so on and so forth. There is also that currency war in which cryptocurrencies which is, of course, represented by Bitcoin taking up fiat currency as one.
The former, Bitcoin cares not. As regards the latter, everybody knows fiat is a huge underdog.
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.
I think Bitcoin is not actually involved in the currency war that you are talking about.
There are two currency wars right now. There is that fiat currency war in which the Renminbi is trying to take the global spot of the USD, the Pound Sterling trying to rise and rise against the Euro, and so on and so forth. There is also that currency war in which cryptocurrencies which is, of course, represented by Bitcoin taking up fiat currency as one.
The former, Bitcoin cares not. As regards the latter, everybody knows fiat is a huge underdog.
There are two currency wars right now. There is that fiat currency war in which the Renminbi is trying to take the global spot of the USD, the Pound Sterling trying to rise and rise against the Euro, and so on and so forth. There is also that currency war in which cryptocurrencies which is, of course, represented by Bitcoin taking up fiat currency as one.
The former, Bitcoin cares not. As regards the latter, everybody knows fiat is a huge underdog.
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