Value of dollar doesn't affect crypto much. There might be some temporary decline in price of crypto if dollar crashed but in long term, everything will be fine.
For the replacement part, Bitcoin or any crypto currency can never replace fiat because of many factors, mainly due to high volatility.
Topic: How does a decline U.S. Dollar can affect Crypto? - page 2. (Read 285 times)
Hi guys!
Robert Kiyosaki says, 'I think the dollar is toast because Gold and Silver and cyber currency are going to take it out'.
How likely it is that it will be true?
How can this affect crypto, specifically the price of Bitcoin?
Thank for you opinions!
Robert Kiyosaki says, 'I think the dollar is toast because Gold and Silver and cyber currency are going to take it out'.
How likely it is that it will be true?
How can this affect crypto, specifically the price of Bitcoin?
Thank for you opinions!
Depends on the people that will use it though. I know that many people will solely rely of USD so it might not go down that much. Little people only know about crypto but somehow someday they will.
A weakening dollar may mean a stronger cryptocurrency. But it does not have that much effect unless there is already a strong support for crypto. Adaptation of crypto is still very low in a worldwide scale. So even if the dollar weakens, it does not automatically translate that bitcoin will pump up. Maybe Kiyosaki is right but it is still a long way to go before it can be realized.
Dollar gave bitcoin a notional value and it is not really affecting its movement at all. What affects bitcoin is simple fact that is, How much Dollar is being moved into it and how much Dollar is taken out against the bitcoin. Thats all, this influx and outflow of the fiat from bitcoin will affect its price movement all the time because it is what drives the market cap of bitcoin. I dont think that dollar value and its own trade in the real world can affect bitcoin value directly. There could be indirect relation but I doubt that too.
Hi guys!
Robert Kiyosaki says, 'I think the dollar is toast because Gold and Silver and cyber currency are going to take it out'.
How likely it is that it will be true?
How can this affect crypto, specifically the price of Bitcoin?
Thank for you opinions!
Well I know that Robert Kiyosaki is really wise guy and if he said that it mean that he is confidence in that. I've heard his books so we can be really aware of that dollar will go down at the time then crypto currency will go up. Robert Kiyosaki says, 'I think the dollar is toast because Gold and Silver and cyber currency are going to take it out'.
How likely it is that it will be true?
How can this affect crypto, specifically the price of Bitcoin?
Thank for you opinions!
The trend of cryptocurrency and Bitcoin is increasing in the international world. Some Bank says that want to adopt the cryptocurrency or bitcoin if the capitalization market reach 500 billion dollar AS. It is difficult to replace a conventional fiat because in some countries the application and usage of conventional fiat is still high, moreover in my own country. And other factor that make bitcoin is not able to replace conventional fiat because the price is very fluctuative and it is not centralize. In future, it is just become an alternative fiat.
In my opinion the opposite is true it is the decline in the price of Bitcoin that affects USD value. But price fluctuations are not only influenced by one factor, there are several variables that underlie the change in price like demand and supplies, etc.
The US Dollar has become a global currency used in major business deals all over the world. I don't see bitcoin overtaking the place of the USD anytime soon. But it will be highly possible when most people in the business world begin to appreciate bitcoin and all Cryptos as a medium of exchange for goods and services.
only way to affect would be in countries that the dollar is worth four times but but anyway bitcoin with the dollar will be a world currency
The only way that the decline in USD can affect cryptocurrency is when you are exchange coins/tokens into fiat as cryptocurrency can still be exchanged to different kinds of fiat out there. Also many people will turn into gold, silver and cryptocurrency if a great recession will happen in the US government specially with its debt.
I dont think cryptocurrency will replace dollar. The government controls dollar value for economic stability and cryptocurrency is something that can not be set easily. It has a system on its own which I think will block it from being used as a currency. Volatility is present that causes it not to be used easily. Gold and silver on the other hand are resources that may affect the value of dollar which could also be used as a currency. I think Gold is a bit stable but carrying gold and silver anywhere is quite dangerous. I also believe that dollar may have an effect on the value of bitcoin because it is the currency that is used to buy it, so that should any crisis occur with the dollar, the volume of bitcoin may as well be lessen.
Depends what you/he means.
Gold and silver are impractical, if not impossible, to use as currency - no one is going to carry around various weights of gold/silver to spend. As a store of value, however, they are currently much less volatile than crypto, but there's nothing to say they won't both continue to fall as they have been doing since 2011/2012.
Crypto has the potential to replace the dollar as a currency, but widespread adoption is a long way away.
Gold and silver are impractical, if not impossible, to use as currency - no one is going to carry around various weights of gold/silver to spend. As a store of value, however, they are currently much less volatile than crypto, but there's nothing to say they won't both continue to fall as they have been doing since 2011/2012.
Crypto has the potential to replace the dollar as a currency, but widespread adoption is a long way away.
Hi guys!
Robert Kiyosaki says, 'I think the dollar is toast because Gold and Silver and cyber currency are going to take it out'.
How likely it is that it will be true?
How can this affect crypto, specifically the price of Bitcoin?
Thank for you opinions!
Robert Kiyosaki says, 'I think the dollar is toast because Gold and Silver and cyber currency are going to take it out'.
How likely it is that it will be true?
How can this affect crypto, specifically the price of Bitcoin?
Thank for you opinions!
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