Dollar coming to an end | Bitcointalksearch.org

n2004al

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Quote from: leex1528 on September 29, 2015, 08:46:22 AM

Quote from: n2004al on September 26, 2015, 09:04:53 AM

There are to many times and to many people that tell that thing. Us dollar is at its end. This story is not told only this year but even years ago. But here we are. Only the last months us dollar was evaluated about 25%. I think it is hard that dollar go at its end. First of all because this will create an big crisis because almost all the country of the world have in their Central Banks us dollar in big quantity as a reserve. The lost of these reserves will cause crisis in every country and no one can know what can happen if this become true. Second because United States have the best economists of the world and they, even if it will be signs of this end, will find the way to go out of this story with success. And third because I don't believe much in the financial figures when it is spoken about money. They have to much importance. But much count even the believe of currency in the people. Us dollar have the most faith in the world compared with the other currencies. Even compared with the local currency. This faith make it more much resistant from various crisis which can have.

Good argument, I am guessing english isn't your native language but I definitely agree with you. I don't see the dollar going anywhere at all, and if it eventually does, it will not be in anyones life time here. The dollar is pretty much the closest thing in the world to "world" currency.

Thanks for the good words. No, English is not my native language and I know that this can be understood when I write. But I think that, even maybe I am not to much good in this language, I am able to express in some ways what i want to say. This conviction and the desire to participate in this forum which the home of bitcoin make me to post here my thoughts. I love bitcoin and talking about it or about the things connected with it make. This make me to being well.

And now since you liked my above post I wanted to introduce you another much more challenging than it and I will be happy if you will express your thoughts about what I had expressed there. You can find it here: https://bitcointalksearch.org/topic/bitcoin-as-currency-of-currencies-1191118

leex1528

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Quote from: n2004al on September 26, 2015, 09:04:53 AM

There are to many times and to many people that tell that thing. Us dollar is at its end. This story is not told only this year but even years ago. But here we are. Only the last months us dollar was evaluated about 25%. I think it is hard that dollar go at its end. First of all because this will create an big crisis because almost all the country of the world have in their Central Banks us dollar in big quantity as a reserve. The lost of these reserves will cause crisis in every country and no one can know what can happen if this become true. Second because United States have the best economists of the world and they, even if it will be signs of this end, will find the way to go out of this story with success. And third because I don't believe much in the financial figures when it is spoken about money. They have to much importance. But much count even the believe of currency in the people. Us dollar have the most faith in the world compared with the other currencies. Even compared with the local currency. This faith make it more much resistant from various crisis which can have.

Good argument, I am guessing english isn't your native language but I definitely agree with you. I don't see the dollar going anywhere at all, and if it eventually does, it will not be in anyones life time here. The dollar is pretty much the closest thing in the world to "world" currency.

novadragon

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impossible if the dollar ends, the price of the dollar is the world role of money worldwide

marketingcoin

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dollar for dollar continues to rise lucrative currency

n2004al

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There are to many times and to many people that tell that thing. Us dollar is at its end. This story is not told only this year but even years ago. But here we are. Only the last months us dollar was evaluated about 25%. I think it is hard that dollar go at its end. First of all because this will create an big crisis because almost all the country of the world have in their Central Banks us dollar in big quantity as a reserve. The lost of these reserves will cause crisis in every country and no one can know what can happen if this become true. Second because United States have the best economists of the world and they, even if it will be signs of this end, will find the way to go out of this story with success. And third because I don't believe much in the financial figures when it is spoken about money. They have to much importance. But much count even the believe of currency in the people. Us dollar have the most faith in the world compared with the other currencies. Even compared with the local currency. This faith make it more much resistant from various crisis which can have.

coinplus

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As long as Unites States has some few productions and natural resources, dollar can not be vanished. So, there will not an end to any currency as quick as we think. Government as one simple method to save their currency is bail out. Just print new money and save theirs'.

manselr

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Quote from: tech_solutions on September 11, 2015, 06:48:22 AM

nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.

This is complete nonsense. If all fiat currencies, and not only fiat currencies, if all other forms of value like metals died tomorrow, dissapeared, and only Bitcoin existed, then the price of Bitcoin would be made from an average of what people is paying for in terms of goods and services. The thing is, this is an absolute non sense scenareo because I don't see fiat currencies disappearing let alone metals.

Pab

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Maybe the end of dollar like a only one reserve currency of the worldwill come faster than anybody think
read very good article

http://cointelegraph.com/news/115258/rumor-mill-new-reserve-currency-may-rock-us-dollar-in-october?ref=45

AtheistAKASaneBrain

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Quote from: randy8777 on September 11, 2015, 07:05:55 AM

Quote from: tech_solutions on September 11, 2015, 06:48:22 AM

nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.

well, there are people who don't connect bitcoin to any kind of fiat currency. they see 1 btc as 1 btc and not as 1 btc being worth $240. but it is a very small minority who think this way.

I think it's impossible to think this way simply because to value something you need to be able to buy tons of things with it. Until you can buy with Bitcoin anything you can buy with fiat then it will make sense, until then Bitcoin is tied to fiat.

wearepoor

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Quote from: randy8777 on September 11, 2015, 07:05:55 AM

Quote from: tech_solutions on September 11, 2015, 06:48:22 AM

nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.

well, there are people who don't connect bitcoin to any kind of fiat currency. they see 1 btc as 1 btc and not as 1 btc being worth $240. but it is a very small minority who think this way.

Agreed with you, there are some people who don't want to use traditional physical currency, they are looking forward to use bitcoins as mode of payment for their day to day routine transaction. They really don't care what is the price of 1 btc but practically dollar will never end as most of the countries are dealing in dollars for trade and dollar is a universal currency. So its wrong to say that dollar will end.

molecular

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Quote from: tech_solutions on September 11, 2015, 06:48:22 AM

nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.

replace "Dollar" with "Gold" and "Bitcoin" with "Bank Notes" and you'll see that your statement might not be eternally true.

Things can change... The following is what one of your ancestors might have said a century or two ago.

Quote from: ancestor of tech_solutions

nor Gold or Silver will come to an end, because for Bank Notes there should be some Gold/Silver to convert, if not there is no value for Bank Notes. Only Gold gives strength to Bank Notes, because who ever want to keep or invest in Bank Notes on the end of the Day he/she want to convert Bank Notes to Gold or Silver.

randy8777

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Quote from: tech_solutions on September 11, 2015, 06:48:22 AM

nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.

well, there are people who don't connect bitcoin to any kind of fiat currency. they see 1 btc as 1 btc and not as 1 btc being worth $240. but it is a very small minority who think this way.

tech_solutions

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nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.

altsay

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I see many of you have watched I-S-I-S promotional video of the newly minted coins

NorrisK

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Quote from: Amph on June 28, 2015, 04:15:15 AM

Quote from: GreenStox on June 28, 2015, 04:02:33 AM

Quote from: M28MmickT on June 24, 2015, 10:25:36 PM

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

How do you live what do you eat? How do you pay property tax? What about your internet and other expenses?

I`m sure you must hold atleast basic amounts of fiat.

Getting around fiat 100% is just not possible yet .

unless you still live under your parents, and they pay everything for you and you can pay for your thing, with crypto directly, it should work i guess

but there was a guy on bitcointalk (Edward his nick, i think?) that get rid of his card and he is using 100% bitcoin

I think you mean Elwar? I think he is indeed living full time of bitcoin in Germany. He is paid in bitcoin and is selling the coins for cash if he absolutely needs to use fiat.

romjpn

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Waiting for the PetroBitcoin then. Grin

sergio

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Quote from: HarHarHar9965 on August 24, 2015, 01:27:34 AM

Quote from: ?? on ??

Quote from: ralle14 on August 22, 2015, 11:44:56 PM

maybe dollar is inflating once again you know
but it won't come to an end though there are a lot
of currency less worth than a dollar like my currency here in
Philippines

That's just a hype , no currency especially dollar is going down

you might believe that the dollar is indesstructible because of major mass adoption,but the only reason dollar has value is because it is petrodollar. Petrodollar is the currency used to buy petrol, petrol cannot be bought in any other currency except petrodollar, and I am talking on a macro level, when countries are trading and buying petrol. Once its not the currency to buy the fuel, it will be doomed and they are already in massive debt.

Very true, but you miss one very important point. The petrodollar is backed by the USA military, it is not a currency based on democracy or free choice. It will not be doomed for the lack of buying petrol, since it is backed by force, it is doomed becaused it is being challanged by other superpowers like Russia and the Bricks bank, and the only reason it gets away with the massive debt, it is because the debt it is distributed worldwise against others will, but once some countries get out of the petrodollar which it is happening now a domino effect will take place, and the military backing will not work against countries like Russia, no one wants a third world war, that would be complete insanity, however its military backing could work against third world countries therefore it wont collapse completely but most likely will go though a severe financial crisis.

btccashacc

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Quote from: ralle14 on August 22, 2015, 11:44:56 PM

maybe dollar is inflating once again you know
but it won't come to an end though there are a lot
of currency less worth than a dollar like my currency here in
Philippines

what your currncy ?

HarHarHar9965

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Quote from: wxa7115 on August 24, 2015, 06:04:02 PM

Quote from: tommorisonwebdesign on August 24, 2015, 03:08:41 PM

Quote from: wxa7115 on August 24, 2015, 03:41:53 AM

Well, it depends what you mean by "end" If you mean the full disappearance of the dollar, then that’s not going to happen. If by “end” you mean the dollar losing its position as the sole reserve currency then that’s already underway.

However the dollar could prove to be more resilient than people think, the dollar has collapsed before, and its still there, a possible scenario is that after a dollar collapse, the Fed decides to have a gold backed dollar, and BAM the dollar is back again (obviously this is unlikely but still possible)

That scenario will probably not happen. Once the US dollar collapses, anybody who has gold or silver or crypto will be the only people with any more at all. Also, the fed is owned by foreign nations and those people probably would not want to loose the economic control, so gold backed currency will probably never again occur.

True, but it is fun to imagine “what if scenarios”, don’t you think?

they were fun when btc wasn't crashing and everybody were dreaming to be millionaires just by holding 1 btc and talking about how their dreams would come true, 200$ price now and everybody is running places cashing out their investment talking how it's all going to doom. It used to be fun to speculate what could have happened, but its scary seeing our predictions about how things could go south are actually taking place :/

luciann

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Quote from: polynesia on August 03, 2014, 08:44:58 AM

Quote from: ApexEvo on August 03, 2014, 06:46:45 AM

There are more and more econmists that warns about possible collapse of dollar, and it looks like american economy doesnt have very bright future... also it seems like Russia with China and India, would be more than happy if dollar colapse, and it looks like they already strated doing some steps to help with it.

They have started taking steps to reduce dependence on the dollar.
Looking at the amount of dollars they hold, it would be a disaster for them if the dollar collapses overnight.

I think if anything, it`ll be like lets just form a new hybrid currency so we dont have a shit storm for all the holders of our old currency.

Most people just cant see it, but I know that china would want to become the next world reserve currency. So instead of this, who holds the dollars, it`ll be a who holds the yuan instead.

Topic: Dollar coming to an end (Read 34949 times)