Topic: Bitcoins Us dollar evaluation might crush globally once euro replaces US dollar - page 2. (Read 379 times)
June 27, 2019, 10:27:09 PM
Things are not going to be black and white on this area. Yes, there is a big possibility that the US Dollar will soon be losing its dominance or the prime currency for international commerce but there is nothing definite with the Euro as the same kind of weakness exhibited by the dollar can also be found on the former. I am seeing the trend where countries will be dealing with each other directly which is what China is doing right now. Aside from the Euro, the currency of China and even Russia are vying to be the top alternatives if there can be a vacuum left by the mighty-but-soon-to-be-a-mouse dollar. Now, the question is: Will the losing dominance of the dollar largely affect bitcoin? I don't think so as bitcoin is actually not dependent on the fiat money.
June 27, 2019, 06:24:47 PM
Quote
once they have crushed and whole world starts thinking in euro and potentially yuan.
Who knows. Maybe this will happen in the long term future, but I don't really think that this is something that is likely to happen even in the next decade. The influence of the US dollar is still very widespread, especially in foreign countries.
Also, even if Euros do overtake the US dollar as the world's dominant reserve currency, I doubt that it'll lessen the demand for USD by THAT much. Thus, it'll likely have less impact on BTC/USD prices as you expect, imho.
If we are talking about the long term, though, all fiats are trending in the same direction as their intrinsic value given the fact that they can be printed infinitely, theoretically. BTC's relative value to them should climb in the long run, as long as adoption levels climb as well, or even stay the same.
June 27, 2019, 05:23:15 PM
Eur might replace dollar only if in long term UE economy really does well. It will take years for that to happen and I don't think they are in a good direction. Us economy is performing really well, just take a look at their stock market.
June 27, 2019, 03:42:22 PM
I doubt that Euro will replace US dollar as the world reserve currency. Instead, Bitcoin might be the replacement. Although the US has been heaping up too much debt without paying, an analyst once postulated that the US dollars is technically backed by crude oil. Let's see how the economic war swing. I expect bitcoin to rise the more to meet the trade war.
June 27, 2019, 02:29:48 PM
Well, destroying USD was the plan when creating EUR.
EUR is taking about 2% yearly from the market, but at this rate, we need again maybe 20 years to get USD replaced. Unless something geo-politic happens, like US vs IRAN for example...
EUR is taking about 2% yearly from the market, but at this rate, we need again maybe 20 years to get USD replaced. Unless something geo-politic happens, like US vs IRAN for example...
Or yet another massive trade war between Washington DC and Beijing. If that even intensifies, we would be seeing much more shit than we currently are, and can potentially lead to the destruction of US dollar in years time. It may not be evident as of now but it's costing US more money, given that imports from China, especially on the electronic side of things, is a huge thing for the Americans. Anyhow, EUR is really created to exist side-by-side with US and potentially overtake it in the future, so I would not be surprised if EUR really takes the global currency spot. But then again, EU is having domestic shits of its own right now.
June 27, 2019, 02:25:47 PM
trend is unstoppable that euro will replace us dollar as no one will trust us dollar in the long term anymore
brits and americans are destroying their currencies.
once they have crushed and whole world starts thinking in euro and potentially yuan.
usdollar evaluation of bitcoin will be decreased massively as us dollar wont be easily changable with euros, which then will be the worlds lead currency.
plus.
americans will dump their currency once they started electing socialists and leftists.
the eurodominance is also a change in political climate globally.
regards
it would, if euro banking doesnt hast the gambling nature like usd banking, everything will be different.
June 27, 2019, 01:40:33 PM
trend is unstoppable that euro will replace us dollar as no one will trust us dollar in the long term anymore
brits and americans are destroying their currencies.
once they have crushed and whole world starts thinking in euro and potentially yuan.
usdollar evaluation of bitcoin will be decreased massively as us dollar wont be easily changable with euros, which then will be the worlds lead currency.
plus.
americans will dump their currency once they started electing socialists and leftists.
the eurodominance is also a change in political climate globally.
regards
June 27, 2019, 01:28:12 PM
Well, destroying USD was the plan when creating EUR.
EUR is taking about 2% yearly from the market, but at this rate, we need again maybe 20 years to get USD replaced. Unless something geo-politic happens, like US vs IRAN for example...
EUR is taking about 2% yearly from the market, but at this rate, we need again maybe 20 years to get USD replaced. Unless something geo-politic happens, like US vs IRAN for example...
June 27, 2019, 12:26:44 PM
trend is unstoppable that euro will replace us dollar as no one will trust us dollar in the long term anymore
brits and americans are destroying their currencies.
once they have crushed and whole world starts thinking in euro and potentially yuan.
usdollar evaluation of bitcoin will be decreased massively as us dollar wont be easily changable with euros, which then will be the worlds lead currency.
plus.
americans will dump their currency once they started electing socialists and leftists.
the eurodominance is also a change in political climate globally.
regards
Jump to: