Topic: BITCOIN GLORIOUS DAYS MIGHT JUST BE HERE - page 4. (Read 818 times)

In other words, there is really no guarantee that if ever there can be collapse of the dollar that people will be moving to Bitcoin in a big way. I am sure that cryptocurrency and Bitcoin for that matter can be benefited but it does not mean that there will be an outright shift to Bitcoin. Why? When there can be a collapse people will really be afraid and since Bitcoin is quite volatile there can be no love on the first sight. This is the reason why there is a big need to make things better for Bitcoin right now so that in the eventually of an economic chaos in the USA it is already ready to take advantage of that development. I am hoping to be wrong though.

if usd collapses there will be a "nasa coin" a "virgina coin" an "ohio coin" etc. and they will likely be dominated by either the euro, russian rouble or the chinese yuan.

If the USD collapses the value of bitcoin will peak in a short. Even when USD is strong, we've reached massive growth in the past. Right now we require time, because it isn't that easy to make something go mainstream. From the beginning it has got high volatility which isn't suitable for a mainstream transaction medium. Bitcoin's glorious days can be experienced in this year.

And that is why also many analysts are saying it will be the third world countries who will be in top by now.
Regarding the effects on crypto currencies specially bitcoin, I do think there might be a large impact with it.
China have been known as one of the controversial countries regarding bitcoin. Negative or positive, whatever it is could all affect it.

There may be instances that group of people dont have any idea about it and will just be introduced because of its negative side, but there might be a positive outcome within it.

The possibilities are there to adopt bitcoin but I don't think it is going to play the role of fiat also but solely as cryptocurrency or digital currency. But my question is to the last part of where you alluded that the US dollar is collapsing or in the event of its collapse. Please, how did you arrive at that analysis and conclusion?

I have watch analysis on YouTube by different economy think tank how the US dollars is getting weak by the day because of the ever rising USA national debt profile, they huge own the Chinese government trillions of dollars, the government of China has been asking USA government to pay them their debt, but they are not willing to pay. An analyst predicted that the US government is not going to pay China the debt, saying "should the US government offer to pay the trillions of dollars debt, it will spell doom to the US economy and further weaken the dollar or even bring it to its kneel". Because of the aforementioned economic saga, the Chinese government together with some other power blocks are willing to bye pass the US dollars during trade by dealing directly with their local currencies rather than the US dollars. In the recent times, the President of Russia has expressed the willingness to ditch the US dollars.

Should the US dollars greatly loss value and become less use by world economic powers, something else has to move in to replace the green paper(US dollars). Of course, the United States won't like to loss to any country, am thinking maybe the world could just adopt the bitcoin as the world reserve currency, since it's owned by no one and controlled by none.

Guys, what do you think, will the world likely be willing to adopt the bitcoin as the world currency in the event of the US dollars collapse?