So i can take the message from above to be real diversification means not everything in a portfolio should be crypto.
Next question should be if i want to add some Gold to a portfolio can I get it by exchanging crypto for it rather than using fiat?
Topic: Is bitcoin a threat to USD and Pound Sterling? - page 6. (Read 1420 times)
I do not think bitcoin will be a threat either USD or Pound sterling in the near future or in the long run, because I believe that it will have their own position, believe all will go their own way.
I don't really foresee bitcoin becoming a threat to any major fiat currencies, because fiat currencies are most likely going to continue to exist regardless of how much market cap or how much adoption bitcoin gains over the years.
But, if you are talking about the level of adoption and the level at which people are using bitcoin rivaling the USD and British Pound, it could be possible. As mass adoption comes by, which will probably be a matter of time, some may even choose bitcoin over fiat for day to day commercial activities.
There are already a niche group of people that are storing their wealth exclusively in bitcoin. BTC will be a nice decentralized alternative that has the potential to go mainstream. But replacinig the actual national fiat currency requires more than just adoption, imho.
But, if you are talking about the level of adoption and the level at which people are using bitcoin rivaling the USD and British Pound, it could be possible. As mass adoption comes by, which will probably be a matter of time, some may even choose bitcoin over fiat for day to day commercial activities.
There are already a niche group of people that are storing their wealth exclusively in bitcoin. BTC will be a nice decentralized alternative that has the potential to go mainstream. But replacinig the actual national fiat currency requires more than just adoption, imho.
In my opinion, at some point people will prefer virtual currencies, since it will be easier and safer to own them than banknotes, especially in remote regions, and also because these currencies may become more stable over 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.
From the statement of CEO of twitter.
Bitcoin will be the only one currency in 10 years from now.
So, i think there will be no fiat anymore in this world in 10 years, everything is digitalize and online.
I think bitcoin will not be a threat and will take its niche as the dollar took a niche in Fiat.
Bitcoin by far is bitcoin. However, the most popular and widespread will be only the cryptocurrency that will preserve the privacy of its holders.
Why change the awl to soap if there are no pluses or profit.
Bitcoin by far is bitcoin. However, the most popular and widespread will be only the cryptocurrency that will preserve the privacy of its holders.
Why change the awl to soap if there are no pluses or profit.
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.
i think it is not a threat, bitcoin is just another form of currency in our world. And i think bitcoin still cannot replace USD or other fiat currency for now.
So, it wont be a threat for fiat currencies. But i dont know many years later, maybe it can replace them.
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.
In my opinion, Bitcoin is not a threat to both. Because basically everyone who holds Bitcoin will still exchange their Bitcoin with local currency, in order to be used to transact traditionally. We know that Bitcoin can only be used online, while dollar and poundstrelling can be used online and offline for wider transactions. So, Bitcoin is not a threat. These are two different technologies.
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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.
Yes, definitely it is! It is a threat not only to those you already mentioned but to all the fiat currencies of the world, it is a threat to all the existing financial institution most especially to the banking sector where the Bitcoin would take its place and remove the third party of any transaction and it is happening now but of course, the resistance from this sector is here thru the government whose the primary beneficiary of the current financial systems today. 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.
I do not think bitcoin is a complement of the fiat that currently has many restrictions, and I do not think bitcoin will ever be a threat to dollars, euros or pounds someday.
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.
No.Not at all.Bitcoin has the biggest drawback that it could be only used in internet.Also it being a digital currency could not be used by uneducated people.It has just a limited supply of 21 million coins which makes it impossible to use it as a primary currency. 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.
Those who are out there are always and overly concerned about bitcoin development in many countries, and that is their right and not a concern for us.
I think bitcoin is not a threat to other world currencies including dollars because they are different, they have their respective places
Maybe in the future bitcoin can crashed American dollar, but the percent of it is small, so we can sleep calmly
I do not think that the virtual currency will squeeze out the usual money so quickly, so today's currency should not be much worried, but it's worth thinking about 
It's not. Fiat money won't disappear and cryptocurrencies weren't made to make people stop using money. They were made to give them a choice, an alternative. You dobn't like how your government is treating you? You don't feel safe? Keep some of your money in cryptocurrency!
If the government sees that maybe it will start to think about improving their fiat money or fighting inflation.
If the government sees that maybe it will start to think about improving their fiat money or fighting inflation.
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.
Not at all, USD or GBP could be easily printed over and over again.
What governments really fear is that they can't control volatility of bitcoin, they try to manipulate it as hard as they can with these futures trading, fake news and so on.
But in long run, this method will fail, people aren't that stupid to keep falling for the same "government games" all the times.
I don't think Bitcoin is a threat to the USD or the Pound Sterling for at least few decades as the current adoption rate of Bitcoin is still very low and it wont be easy for Bitcoin to overtake already established currencies like USD and Pound Sterling. Also the governments wont allow a decentralized currency like Bitcoin to over take their national currencies.
I think that bitcoin is not a threat to fiat money. I think that he will be on his own, apart from them. If such a threat appears, it will be a completely different bitcoin.
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.
Hi there kappajess! As of this moment I cant see bitcoin as a threat. What I foresee is that dollar and pound creation will be lessen in future because most of the poeple will prefer to use payment in electronic form as oppose to a physical cash. By then the inflation rate of those country using it will goes up. The amount of those money will be lessen that could also be a reason to increase its price against other currency. That could be a win-win situation by then. But if the bitcoin cross more river than that, the government will then create a reason to minimize the use of cryptocurrencies.
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