Topic: Is bitcoin a threat to USD and Pound Sterling? - page 4. (Read 1403 times)
I would say yes it's a huge threat. If people start transacting with Bitcoin versus their national currency the world will change very quickly. It will be interesting to see how they attempt to deal with it.
I believe that bitcoin can not threaten any currency. Crypto currency at the moment you can not buy something outside the Internet and in any case need to be converted to local currency. Once bitcoin can be paid in all stores, then there will be a threat. I think this will never happen.
It can be said that, if the use of bitcoin continues to increase it will automatically make the use of international currencies such as dollars, pounds, EURO and so on will decrease, this is what makes many countries worried and banned bitcoin to reduce the influence of bitcoin.
is not a threat is an option that could be more feasible that the dollar or the pound to substitute would have to spend many things like a volco to the dollar or a financial crisis that happens in the United States or England that makes everyone relax the dollars also some bubble in the treasure bonds of those two nations or if a rise in the oil happens, many factors will be the cryptocurrencies among them bitcoin leading and many time also can last many years as the dollar enveloped the world everything is in what people return the dollars to that country can be fast as a stampede or for several years everything depends on the market
Bitcoin is not a threat to the currency of any country Bitcoin is actually a digital currency that many people invest with the hope of making a profit after investing more they make the technology market. More attractive
Bitcoin won't be a threat to them because a lot of businesses are still going to use USD and Pound because they are the most recognized in the fiat currencies and I don't see it bad seeing them coexist with each other. Bitcoin will just join the list of currencies and will just widely used on the digital market.
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Bitcoin and some other top cryptocurrencies are all threats not only to USD and Pound Sterling but to ALL of the fiat currencies of the world due to their decentralization, the governments, and other financial states might not accept that fact and will do more actions against cryptos but the threat will remain, they will replace the fiat, maybe not now but later.
I do not think so . actually usd and pound as supporters of bitcoin can continue to exist
In short. Yes
The dollar is really struggling to maintain its place and there may be a power vacuum. It seems that no-one really wants to use it as a reserve currency anymore.
Bitcoin could replace it. I don't see why not.
Nobody wants to hold a depreciating asset. Yet, we don't have companies selling stock in bitcoin or oil being bought and sold in bitcoin. And even if governments allowed those things we don't have the capacity right now.
The dollar is really struggling to maintain its place and there may be a power vacuum. It seems that no-one really wants to use it as a reserve currency anymore.
Bitcoin could replace it. I don't see why not.
Nobody wants to hold a depreciating asset. Yet, we don't have companies selling stock in bitcoin or oil being bought and sold in bitcoin. And even if governments allowed those things we don't have the capacity right now.
i dont know but i think that bitcoin and fiat money is very different, first bitcoin just work online and without internet bitcoin is useless, and second in a country they need their own currencies to makes the economic circulation so using bitcoin as the main currency in a country i think its immposible
Yes it is. The real issue who is behind Bitcoin and why is it being allowed. I imagine Bitcoin was brought to us by them so if thats true Bitcoin is not a real threat. I imagine before its all said and done they will make it look like a big battle where the people win and get Bitcoin.
No. Bitcoin is not a threat to the US dollar and the British pound. These two currencies operate and develop in two different markets. From Bitcoin we can convert to US dollars or pounds, and vice versa. Bitcoin owners will convert them into cash for day-to-day use, and buy Bitcoin as a reserve asset, investing in the future. They are interrelated, not contradictory, because they are in different environments.
No at this moment. But it is possible in the future when certain circumstances come. Bitcoin is very quickly introduced into the whole system. 
yes bitcoin is a great threat to both USD and pound sterling. bitcoin has a great potential and the ideology behind it and the blockchain technology is a unique one, first of its kind. so surely it is a threat and in no distant time, the world will watch it replace other forms of currency
I agree that in the not so distant future cyptocurrency will be a threat to today's currency but I also believe that at the moment BTC is not at that level to be a direct threat to the two major currencies, it still needs time.
Hello guys,
Do you think bitcoin will be a threat to USD and Pound Sterling in the nearest future?
if yes, give an estimated time this can happen.
Do you think bitcoin will be a threat to USD and Pound Sterling in the nearest future?
if yes, give an estimated time this can happen.
Ya it can happen not only to usd or pound sterling but it can also become threat to all fiat currency if bitcoin becomes the main stream currency of the world. But it is not possible in the near future but it can take lot of time even if their is any changes.
yes bitcoin is a great threat to both USD and pound sterling. bitcoin has a great potential and the ideology behind it and the blockchain technology is a unique one, first of its kind. so surely it is a threat and in no distant time, the world will watch it replace other forms of currency
I don't think bitcoin and any cryptocurrency is a threat USD or Pound Sterling and Euro. Now Dollar is main player for most of the international financial transactions globally but in the next future bitcoin can be key player in the global era.
Bitcoin is more a commodity. For that reason it is more like gold, one virtual kind of gold which can be used for day to day transactions(How convenient).
Comparing it to fiat currency is unfair until it stabilize until levels where people can really use it without fearing that when they go to buy donuts in the morning it's worth half of what they had the day before, so you end up eating overpriced donuts. Nobody wants that.
I personally believe that it will stabilize with time, but it will take years for that to happen. For that reason is better for investments right now. People can use it, with it's better to take note how much it was worth the time you bought so you can compare when you're using it and you don't really lose too much over your investment. If thats what you want to do.
In the future i see Bitcoin being used along fiat money for transactions mostly. Just like television didn't make theaters disappear, Bitcoin won't make money disappear. Each person will choose what they want to use probably.
Comparing it to fiat currency is unfair until it stabilize until levels where people can really use it without fearing that when they go to buy donuts in the morning it's worth half of what they had the day before, so you end up eating overpriced donuts. Nobody wants that.
I personally believe that it will stabilize with time, but it will take years for that to happen. For that reason is better for investments right now. People can use it, with it's better to take note how much it was worth the time you bought so you can compare when you're using it and you don't really lose too much over your investment. If thats what you want to do.
In the future i see Bitcoin being used along fiat money for transactions mostly. Just like television didn't make theaters disappear, Bitcoin won't make money disappear. Each person will choose what they want to use probably.
I think that in the near future crypto is not will be the main currency , but another currency like bitcoin can come and win the championship. The dollar is now in most countries and is still in demand
::)I think yes! The transition to a digital economy is not avoided! In the near future 5 years! 
So many experts think! Nobody will tell people this! You will pay attention to what financial institutions are involved!How the infrastructure of the market develops) And this is only nacholo! Surprises will still be waiting)The world crisis will put everything in its place!!!Let's not be observers, but participants in this process! Lead only everything is born!
So many experts think! Nobody will tell people this! You will pay attention to what financial institutions are involved!How the infrastructure of the market develops) And this is only nacholo! Surprises will still be waiting)The world crisis will put everything in its place!!!Let's not be observers, but participants in this process! Lead only everything is born!
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