Topic: Bitcoin after the collapse of the Dollar - page 3. (Read 3782 times)

who knows, in the end the fed's open market committee is made of 12 people who can decide to go either way.
no way of knowing if they continue QE or decide to finally do the responsible thing.

Interesting...

So you don't think the next round of QE is guaranteed regardless of what happens?

If the fed continues to taper we are heading to a deflation and a collapse in the stocks markets dragging along everything else including bitcoin.
if they finally understand their Keynesian policies are wrong and allow the market to correct itself the dollar may still be saved.
my personal belief is that once the s&p 500 goes -50% 2008-2009 style the fed will start QE4 and continue inflating the dollar away.
if that happens everything including bitcoin will shoot up in price until confidence in the dollar is completely lost and it begins to be dumped along with u.s treasuries, this will create massive inflation and most likely a u.s default on its debt.

this will definitely bring the spotlight on bitcoin and gold.

cash don't exist... because when crash comes, all automat will be down in a few hour.
it's like petrol station in france when the factory is offline (syndicat problem).

all people run to the station, drain the "normal citern" and then ... no stock at all even is the people don't take gas every week.

It's really hard to say. Remember 2008? Stocks were pummelled, but so were precious metals. Cash was king.

If we go into a deflationary spiral, Bitcoin might fall along with everything else. If we end up in a scenario with the dollar falling and gold and silver rising, I can see Bitcoin skyrocketing as well. There's just no telling, especially with all the manipulations going on.

like what happened with cyprus

people will move to crypto and gold/silver/hard assets

paper assets will crash

More likely, a lot of people will move to crypto only.

I have read a lot recently about the pending collapse of the Dollar.

The amount of currency being printed is insane, the US are shipping their inflation across the globe by printing so much money, and when it comes home to roost, it's going to destroy the Dollar. There will be hyper inflation at worst, but a total lack of confidence in the Dollar and formation of a new world monetary system at best.

Already China are buying up all the gold and there's real credible talk of China linking their currency to Gold. It'll be the only currency in the world backed by anything and there will be a massive rush to get it pushing the value up. It'll be the end of the petro-Dollar as we know now for international trade and world reserve currency.

There's also rumours of gold being professionally debased, bars drilled out and filled with Tungsten metal. If it's the American government doing this, it's exactly the same thing that ended the Greek empire and the Roman empire.

So, either this year or next when the Dollar collapses and the Yuan takes over, what are the credible options for Bitcoin?

In theory the price in dollars should rise in line with the massive inflation, but that will be dependant on people spending their worthless Dollars on Bitcoin, maybe they will, maybe they wont. There will definitely be a rush to dump worthless fiat currency and go for something solid, either gold, a gold backed Yuan, stocks (maybe?), property (again risky?), Bitcoin?