world getting ready for 2021 for final year for usa dollar i guess so

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cryptoboss2020

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I have to correct myself USA dollar will be fine.
This will be all right

South Park

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Quote from: Kakmakr on December 13, 2020, 12:44:03 PM

People are making too big a deal out of this whole "Fiat" is going to collapse thing. The US government have dealt with much bigger things than the Covid pandemic before. (Things like 911 /// Real estate collapse /// Big Depression /// World War I and II... ) ....Why would this pandemic be anything different?

We also know that there are several vaccines out there already, so the economy will be back to normal soon as more and more people are going to take the vaccines in the future. Roll Eyes

In one of the books I have read about the fall of civilizations this was precisely the question the investigator asked himself, why a civilization falls when it has endured so much in the past? And the answer he found out was simple and yet alarming, people simply give up on the civilization, so if we change the question and we ask ourselves why the US dollar could fall at some point when it has endured so much? Then the answer will be simply because the people will give up on it at some point in the future.

Twentyonepaylots

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I'm not sure where you're basing all your claims at. USD might be in a tough sppt right now but that's not enough to cause an all out economic collapse. If you're basing it to the pandemic, then I have news for you buddy, every other country in this planet have filed for a loan at the world bank and is in shambles as well, I don't want to sound like that's a good thing but it definitely stalls the economy until everyone is able to recover. Now the problem lies on the governance and the people themselvds.

Quote from: Kakmakr on December 13, 2020, 12:44:03 PM

People are making too big a deal out of this whole "Fiat" is going to collapse thing. The US government have dealt with much bigger things than the Covid pandemic before. (Things like 911 /// Real estate collapse /// Big Depression /// World War I and II... ) ....Why would this pandemic be anything different?

We also know that there are several vaccines out there already, so the economy will be back to normal soon as more and more people are going to take the vaccines in the future. Roll Eyes

You are spot on my friend. The US have tons of stuff in store for them to be secure in the midst of a big event like this so it's not enough to put the dollar down. That's for sure.

Kakmakr

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People are making too big a deal out of this whole "Fiat" is going to collapse thing. The US government have dealt with much bigger things than the Covid pandemic before. (Things like 911 /// Real estate collapse /// Big Depression /// World War I and II... ) ....Why would this pandemic be anything different?

We also know that there are several vaccines out there already, so the economy will be back to normal soon as more and more people are going to take the vaccines in the future. Roll Eyes

South Park

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Quote from: Maslate on December 10, 2020, 06:36:39 AM

Quote from: Vishnu.Reang on December 07, 2020, 12:48:44 AM

US Dollar has remained as the reserve currency of the world ever since 1945. If nothing miraculous happen, then it will remain in that position at least for another 100 more years. Other governments have tried hard to elevate their national currencies to the position currently held by USD. Examples are Japanese Yen, Euro, GBP and Chinese Yuan. But none of them even achieved distant success. Such is the strength of the USD.

I agree with you, lots of speculation that US dollar will fall and yet they still remain at they still remain at the top.
Thing is, they know how to run their economy for whatever strategy they are using, they remain on top until now so that's something we have to accept and respect.

If US dollar will fall, I doubt other currency would not fall, and until it's replace by whatever currency would replace, I will not take any negative speculation seriously.

It is an historical fact that whatever currency was at the top of the world at some point stopped being there so it is natural to think that at some point in the future the US dollar is no longer going to be the most used currency around the world, but the problem is that many think this is going to happen relatively quickly while this is a process that takes decades for the most part, so all people that are predicting a quick demise of the dollar are going to be wrong.

Maslate

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Quote from: Vishnu.Reang on December 07, 2020, 12:48:44 AM

US Dollar has remained as the reserve currency of the world ever since 1945. If nothing miraculous happen, then it will remain in that position at least for another 100 more years. Other governments have tried hard to elevate their national currencies to the position currently held by USD. Examples are Japanese Yen, Euro, GBP and Chinese Yuan. But none of them even achieved distant success. Such is the strength of the USD.

I agree with you, lots of speculation that US dollar will fall and yet they still remain at they still remain at the top.
Thing is, they know how to run their economy for whatever strategy they are using, they remain on top until now so that's something we have to accept and respect.

If US dollar will fall, I doubt other currency would not fall, and until it's replace by whatever currency would replace, I will not take any negative speculation seriously.

South Park

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Quote from: CarnagexD on December 04, 2020, 06:53:58 PM

I believe you are only overestimating things. The situation indeed looks bleak but it's not something that will cause huge that extreme of problems for the people. What's bad about this post is that there are newbies here who do nog have sufficient knowledge of crypto and economics just yet that just might believe you, causing inhrrent panic and fear among the people. Please do your own research first before doing these, a "sorry for fudding" isn't gonna save you the gravity of your actions.

While you are correct at the same time we cannot save people from themselves, I see a lot of this happening in social media where FOMO and FUD run rampant and newbies believe whatever they are told instead of making their own research and thinking by themselves, and at the end they end up paying for their mistake and instead of blaming the person behind the FUD or the FOMO they blame bitcoin or whatever coin in which they invested, so while I do not believe things are going to be get as bad that fast most newbies that read something like this will and will probably take actions that are going to be harmful for their long term economic well being.

Vishnu.Reang

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US Dollar has remained as the reserve currency of the world ever since 1945. If nothing miraculous happen, then it will remain in that position at least for another 100 more years. Other governments have tried hard to elevate their national currencies to the position currently held by USD. Examples are Japanese Yen, Euro, GBP and Chinese Yuan. But none of them even achieved distant success. Such is the strength of the USD.

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The fall down happening on the value of US dollars will not certainly cause any chaotic wars between nations for we are all focusing on how our economies will work into recovery all due because of the economic crisis that many countries have faced because of the covid-19 pandemic which makes us all suffer since there are many delays and postponed works and many are brought to stay home causing the economy to temporarily be closed even trading and importing of goods are strictly prohibited for months because of the security being implemented due to potential spread of the virus. The falling down of US dollars value is not a valuable and enough reason to cause economic war for we are considering and focusing more on the welfare of the people. Every nation are just busy minding their own people affected by the current situation so there is no possibility for another problem to arise just because of that. Also, we still cannot state anything regarding what can happen on year 2021 for we are still at the last phase of year 2020 and things can still possibly change.

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Quote from: Leviathan.007 on December 04, 2020, 06:46:45 AM

Indeed, us is facing economic crisis more than anyone can imagine and they are just doing the a huge amount of money printing to make everything better but they are wrong because doing that huge amount of money printing actually damaged the value of usd buy providing a huge supply and this made the market unbalanced. Unfortunately, us economic is damaged because of that. In the other hand, the most important competitor of usa, china is growing economically due to the covid. But, we must never forget that usd is one of the strongest fiat currencies. People are now looking at biden as new president to see how he is gonna mange the 2021 the save usd.

Do you have any data to back up this claim? Because I haven't seen any to suggest that the value of the USD has been much damaged or that any market is unbalanced. Hell, all the money printing hasn't even caused significant inflation like the most extreme bitcoin maximalists have claimed was going to happen. There may be damage in the future that emerges because of all this, but the case for saying that there is currently is not compelling.

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I believe you are only overestimating things. The situation indeed looks bleak but it's not something that will cause huge that extreme of problems for the people. What's bad about this post is that there are newbies here who do nog have sufficient knowledge of crypto and economics just yet that just might believe you, causing inhrrent panic and fear among the people. Please do your own research first before doing these, a "sorry for fudding" isn't gonna save you the gravity of your actions.

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Quote from: CODE200 on December 03, 2020, 03:51:06 AM

Things are just being exaggerated. Indeed there is a problem right now regarding USD but keep in mind that we are talking about a strong currency. Economic chaos? We're far from that. Economies are suffering at this moment but if you will open your eyes, there are signs of recovery and that's the most important thing to see. USD along with other fiat will exist in world market simply because it is being used in daily transactions.

I agree with you. US Dollar currency will only disrupt if the world government dictates. But because its value getting smaller and there is a problem right now in economy. I don't believe that it will destroy easily. The OP seems to be an exaggerated, he wants to give as a cool comments about what will gonna happen to US dollar wherein fact, he had no further discussion about why it will gonna happen. He said more than what should be speculated. Economic chaos will always come up because of the disaster and pandemic that we confront right now. But to turn fiat into valueless, I don't think it will be possible.

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Quote from: CODE200 on December 03, 2020, 03:51:06 AM

Things are just being exaggerated. Indeed there is a problem right now regarding USD but keep in mind that we are talking about a strong currency. Economic chaos? We're far from that. Economies are suffering at this moment but if you will open your eyes, there are signs of recovery and that's the most important thing to see. USD along with other fiat will exist in world market simply because it is being used in daily transactions.

One of the problems that I always have with those making those kind of predictions is that everything is always very sudden, the dollar is going to keep existing as long as the US is there, what we could see is the dollar losing its position as the reserve currency of the world but this is not going to happen in a single year, why? Because many of the most powerful countries in the world have their reserves in dollars and they cannot just dump them in the market because if they do the dollar is going to lose value and they are not going to be able to buy much with it, so it is better for those countries that this is a very slow process so they can get rid of the majority of their dollars and get something in return for them.

imstillthebest

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i dont have an economic degree and i still want to give my opnion sorry . cryptos can be a tool to save fiats . fiats value arent connected to the real life productivity because how hard you work and whatever things you do the value of fiat are still the same but for cryptos yes because when there is a real life event the value of crypto can also move depending on that event if its positive or negative . the recent real life event is election and people relate it with the pump and dump that happen in btc . and laslty cryptos value came from money

plvbob0070

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It's kinda ironic how you said that we gotta be realistic but the title itself is quite exaggerated already. The US economy might be down but to say that 2021 is the final year for the US dollar is unreasonable. And if I'm going to think of a realistic plan to save the economy, it would be the fast development and distribution of the vaccine. Once the vaccine is already out, then it means that we'll slowly start to go back to normal, same for the economy.

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Quote from: electronicash on December 03, 2020, 01:31:23 PM

exactly what is wrong with trading deals with China. they are ahead of the economy even in digital currencies.

but that might not be the case for US. relying on the old ways still works and war has always been good for its economy. a single war can finance its entire population, and sending unemployed citizens to a battlefield will make them employed. when Biden sits, we'll see what his plan is.

Nothing is wrong. It's just that in my country, China is trying to colonize by consuming our land. and it is very lasting. nearly 75% of our country owns land under Chinese control. and the impact is that we feel like guests in our own country. not only that, our citizens often complain about the factory that pollutes the countryside, pollution makes many people sick.
that's why we never agreed with China. Regardless, we don't really blame China. our country's government is already controlled by them behind the scenes.
we just don't want this sort of thing to happen to our descendants someday.

Dragonfund

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I wanted to say going into war is impossible but who knows, I may be wrong but the chances is low. What do think happen when US and Iran stopped their after so many threats that happened earlier this year? Definitely, It will affect everyone. You wouldn't want to see your family lost their home, shelter, lost business,It takes years to rebuild a country after going for war, no one would like to be a victim.
Beside, US isn't the only country living on earth, if they want one, others would want peace.

Cryptocurrency is a speculative asset, it's move by the people, demand and supply and a little tide to traditional financial assets such as S&P500, US Oil since some of the investors come from that part. They sell bitcoin if traditional markets is bearish.

erikoy

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When you buy crypto you exchange it for fiat currency and because of the exchange the crypto value gave its birth in the moment of exchange but the rulings of the value of crypto is different from due to the demand and supply rule. The more crypto fiat exchanges happen the higher the value of crypto will be. Crypto is not a stable currency and it is not like you buy crypto wity one dollar over a period of time you will still get a crypto value of 1$ for it all depend on the market movement. This is why most of people buying crypto is sorting it like an investment.

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Indeed, us is facing economic crisis more than anyone can imagine and they are just doing the a huge amount of money printing to make everything better but they are wrong because doing that huge amount of money printing actually damaged the value of usd buy providing a huge supply and this made the market unbalanced. Unfortunately, us economic is damaged because of that. In the other hand, the most important competitor of usa, china is growing economically due to the covid. But, we must never forget that usd is one of the strongest fiat currencies. People are now looking at biden as new president to see how he is gonna mange the 2021 the save usd.

Topic: world getting ready for 2021 for final year for usa dollar i guess so (Read 355 times)