Dollar Collapse - What does it mean for Bitcoin ?

greatr

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Quote from: mkc on August 25, 2016, 01:06:12 AM

The way to look at it, there are many currencies in the world, US dollar, Euro, Japanese yuan, Canadian dollars ...
Which one will be the first to collapse?
I guess it will be Euro.

when dollar collapses every single fiat currency will collapse for sure, in my opinion bitcoin then will take over and it will grow a lot

Indrawan77

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Well actually they can keep on speculate, but even though it really happen, nothing will happen to bitcoin because bitcoin price is not related to dollar, we only use dollar as a comparison on how much we earn and how many things can we bought

mk3000

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I don't see USD collapsing any time soon. it could end up being replaced by something else, but it won't collapse overnight like some people like to believe. it'll be a slow process that will consume and destroy economies all over the world before having any real effect on US economy. It will happen, but calling it a "collapse" is not accurate. more like transformation. who knows, maybe eventually the US goverment will realize they can't keep printing money forever and create some kind of hybrid USD-crypto currency?

d@nte

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I don't think the dollar will collapse for now, but once that happen bitcoin certainly could go up, like after the events in China last year.

Senor.Bla

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Quote from: severaldetails on August 24, 2016, 03:50:30 PM

Let's say the dollar collapses for some reason, just theoretically. Maybe even the whole fiat system.
Would it be possible to attach the bitcoin price to gold then?
Such as, 1btc = 15oz gold?

yes of course. as long as the dollar exists there will always be a exchange rate USD/BTC. but if nobody will be using it, then no exchange will display it and they wont offer to exchange to dollar. same goes for bitcoin and gold. there is an exchange rate but not many exchanges list it since almost nobody is offering to exchange gold for bitcoin.

mkc

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The way to look at it, there are many currencies in the world, US dollar, Euro, Japanese yuan, Canadian dollars ...
Which one will be the first to collapse?
I guess it will be Euro.

severaldetails

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Let's say the dollar collapses for some reason, just theoretically. Maybe even the whole fiat system.
Would it be possible to attach the bitcoin price to gold then?
Such as, 1btc = 15oz gold?

takingthis4

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Quote from: davis196 on August 24, 2016, 01:13:03 AM

Quote from: OmegaStarScream on August 22, 2016, 04:53:07 AM

There is a lot of videos and articles around the web about how the dollar will collapse on 27 September 2016.
I'm not sure how exactly they got this date, even If it's not the real date, It seems like a lot of experts keep saying that a collapse is coming soon.

Assuming that the Dollar collapse indeed , what does it mean for Bitcoin exactly ?

US dollar won`t colapse.USA is still the biggest economy in the world and the largest buyer.

All the other big countries like China and Germany export goods to USA and they need a strong USD.

More than a half of the world is using US dollars.There is no way USD to colapse.

i dont think that it just wont collapse sooner or later it will come to an end in my opinion and bitcoin will have a possibility to replace it

dunfida

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Quote from: arwin100 on August 24, 2016, 12:27:39 AM

Quote from: pooya87 on August 24, 2016, 12:02:09 AM

Quote from: Sir Alpha_goy on August 23, 2016, 09:39:36 PM

Bitcoin owes it's very existence to fiat currencies.
Without them Bitcoin is worth zero dollars in the eyes of the community.
Until Bitcoin is given worth otherwise I can believe nothing else.

with that logic, gold, stocks and oil are also owing their existence to fiat currencies and without them they would go to zero something that we all know is not right and is the exact opposite. meaning they would go higher when dollar collapses.

And how could they take the advantage for dollars collapsing? Do you see what happen on global financial crisis all nations are affected to that and maybe a crisis again will be happen if usd will crash. , and another maybe if dollars will crash a big possibilities that bitcoin or any goods will be collapsed also because we all know that bitcoins are at dollars based price we cannot tell what worse will be happen to it when that bad scenario will be really happen in the near future.

You have an exact point. its not only bitcoin would be affected but all those things that are connected to dollars which is almost all dependent into it and its been used worldwide. If it crash then for sure those things would crash to since they are dependent to each other. How much more in bitcoin? it would definitely decrease its price too.

OROBTC

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...

Yeah well I too have watched all the doom porn for a long time (and actually enjoy it as entertainment).

There ARE serious problems in the financial system however. There are also threats, which are hard to quantify much less predict, about actual disasters like a dollar collapse.

Anyone who has any concerns (I do) should consider diversification outside of the financial system, including Bitcoin. My *guess* is that a horrible collapse of the US$ would take BTC with it...

Hyperinflation in the USA (same probably for Europe) might be good for Bitcoin.

I would not have a very high percentage of (your net) assets in Bitcoin. 1% - 3% max. Bitcoin is a great speculation though.

davis196

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Quote from: OmegaStarScream on August 22, 2016, 04:53:07 AM

There is a lot of videos and articles around the web about how the dollar will collapse on 27 September 2016.
I'm not sure how exactly they got this date, even If it's not the real date, It seems like a lot of experts keep saying that a collapse is coming soon.

Assuming that the Dollar collapse indeed , what does it mean for Bitcoin exactly ?

US dollar won`t colapse.USA is still the biggest economy in the world and the largest buyer.

All the other big countries like China and Germany export goods to USA and they need a strong USD.

More than a half of the world is using US dollars.There is no way USD to colapse.

arwin100

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Quote from: pooya87 on August 24, 2016, 12:02:09 AM

Quote from: Sir Alpha_goy on August 23, 2016, 09:39:36 PM

Bitcoin owes it's very existence to fiat currencies.
Without them Bitcoin is worth zero dollars in the eyes of the community.
Until Bitcoin is given worth otherwise I can believe nothing else.

with that logic, gold, stocks and oil are also owing their existence to fiat currencies and without them they would go to zero something that we all know is not right and is the exact opposite. meaning they would go higher when dollar collapses.

And how could they take the advantage for dollars collapsing? Do you see what happen on global financial crisis all nations are affected to that and maybe a crisis again will be happen if usd will crash. , and another maybe if dollars will crash a big possibilities that bitcoin or any goods will be collapsed also because we all know that bitcoins are at dollars based price we cannot tell what worse will be happen to it when that bad scenario will be really happen in the near future.

pooya87

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Quote from: Sir Alpha_goy on August 23, 2016, 09:39:36 PM

Bitcoin owes it's very existence to fiat currencies.
Without them Bitcoin is worth zero dollars in the eyes of the community.
Until Bitcoin is given worth otherwise I can believe nothing else.

with that logic, gold, stocks and oil are also owing their existence to fiat currencies and without them they would go to zero something that we all know is not right and is the exact opposite. meaning they would go higher when dollar collapses.

electronicash

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don't it mean like bitcoin shall also collapse?
I would consider betting on binary option if that happen. if lets say BTC/USD is going down, it should mean that EUR/USD can have a bull trend right?

pinkflower

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Quote from: OmegaStarScream on August 22, 2016, 04:53:07 AM

There is a lot of videos and articles around the web about how the dollar will collapse on 27 September 2016.
I'm not sure how exactly they got this date, even If it's not the real date, It seems like a lot of experts keep saying that a collapse is coming soon.

Assuming that the Dollar collapse indeed , what does it mean for Bitcoin exactly ?

Please provide a better argument and analysis for the collapse of the dollar and then we can discuss what it would mean for Bitcoin. We have already seen this and heard of this before. But up until now the US Dollar is still the reserve currency. As long as America remains a super power the Dollar will remain as the reserve currency. George Soros and his Illuminati friends will see to that.

Sir Alpha_goy

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Bitcoin owes it's very existence to fiat currencies.

Without them Bitcoin is worth zero dollars in the eyes of the community.

Until Bitcoin is given worth otherwise I can believe nothing else.

pearnapple

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Quote from: countryfree on August 22, 2016, 06:54:23 PM

Quote from: OmegaStarScream on August 22, 2016, 04:53:07 AM

There is a lot of videos and articles around the web about how the dollar will collapse on 27 September 2016.
I'm not sure how exactly they got this date, even If it's not the real date, It seems like a lot of experts keep saying that a collapse is coming soon.

Assuming that the Dollar collapse indeed , what does it mean for Bitcoin exactly ?

I haven't seen any of those videos. I haven't read any of those articles. Don't you have any link if here are so many of them? I always check an info...

just google it, there are a lot of stuff written about the dollar and that it is going to collapse soon, maybe not that fast but soon

edit: here it is https://www.youtube.com/watch?v=9Z5py1098RA though i doubt he can predict the date 100 per cent

Denker

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Quote from: digaran2 on August 23, 2016, 02:36:48 AM

The dollar has been saide will collapse around 40 years. It's still doing fine and will continue to do fine.

Yes it's doing "fine" due to massive manipulation by the elite.
However, it doesn't need the dollar to collapse for Bitcoin becoming successful.
Bitcoin can and will coexist with the fiat currencies.And over time the pieces of the pie Bitcoin can get will be bigger and bigger.
That's totally fine to me.

CrimBit

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i think chinese yuan will be the next power for replace dollar system, then chinese adoption bitcoin system for online transaction, use his own legal cryptocurrency, because chinese now focus at blockchain system for handle each online transaction Roll Eyes

refference : https://www.cryptocoinsnews.com/chinas-plans-launch-currency-might-affect-bitcoin/

TraderETH

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Quote from: OmegaStarScream on August 22, 2016, 04:53:07 AM

There is a lot of videos and articles around the web about how the dollar will collapse on 27 September 2016.
I'm not sure how exactly they got this date, even If it's not the real date, It seems like a lot of experts keep saying that a collapse is coming soon.

Assuming that the Dollar collapse indeed , what does it mean for Bitcoin exactly ?

Dollar will collapse, it is still prediction from another people even if it is come from experts of economic. And if it happen i think bitcoin will more famous and there are many people who use it because bitcoin does not has regulator.

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