Topic: If Petro-Dollar falls, what will happen to Crypto currencies ? - page 2. (Read 302 times)
December 26, 2018, 07:23:13 AM
I think the dollar has nothing to do with cryptocurrency that might happen if the dollar falls is that people will prefer investment in crytocurrency compared to dollar forex because it won't be profitable if the dollar goes down or vice versa investors in cryptocurrents sell their assets and buy dollars because of the cheap price it might happen so it all depends on where you stand. .
December 26, 2018, 07:03:02 AM
I think crypto will be fine, because as long as I monitor crypto the dollar doesn't have a big boost on crypto price movements.
Yeah i agree, i dont think the replacement of the Petro Dollar (USD mostly) by another FIAT currency (Yuan for example) will have a huge impact.
There are already several crypto pairs to FIAT (BTC-EURO / BTC-YUAN / BTC-JPY / BTC-KRW) in place (same with altcoins).
It will just be that the USD will loose it dominance in the world, which is not necessarily a bad thing for the world.
Specially with the huge debt figure attached to the USD ($21.8 trillion in debt), without any signs of an attempt to even control that or bring it down.
Link : http://www.usdebtclock.org/
I do wonder if stablecoins could end up getting used more then FIAT in the long run, specially if a central bank were to issue one.
There is already a move towards cashless society's, so that would fit nicely.
Link : https://www.reuters.com/article/us-sweden-cenbank-cashless/riksbank-predicts-sweden-will-be-cashless-within-five-years-idUSKBN1O327W
December 26, 2018, 06:56:29 AM
I think crypto will be fine, because as long as I monitor crypto the dollar doesn't have a big boost on crypto price movements.
December 26, 2018, 06:56:11 AM
Interesting post) If Petro falls, then nothing will happen to the cryptocurrency market. Petro is an interesting experiment in creating a digital currency and I am sure that other countries will soon follow this path and create their own digital currencies. In the coming years, nothing bad will happen to Petro, this experiment has just begun and the most interesting is yet to come.
Please look at the post above you to see what OP means with Petro Dollar.
December 26, 2018, 06:47:28 AM
Interesting post) If Petro falls, then nothing will happen to the cryptocurrency market. Petro is an interesting experiment in creating a digital currency and I am sure that other countries will soon follow this path and create their own digital currencies. In the coming years, nothing bad will happen to Petro, this experiment has just begun and the most interesting is yet to come.
December 26, 2018, 06:10:11 AM
what the hell is a "petro-dollar"? all i can find about it is the following which is saying it is US dollar that is paid to oil-exporting countries in exchange for oil!
https://www.thebalance.com/what-is-a-petrodollar-3306358
so your question doesn't make any sense at all.
there is also Petro which is the cryptocurrency created by Venezuelan government and that also has nothing to do with other cryptocurrencies if it falls or not.
https://www.thebalance.com/what-is-a-petrodollar-3306358
so your question doesn't make any sense at all.
there is also Petro which is the cryptocurrency created by Venezuelan government and that also has nothing to do with other cryptocurrencies if it falls or not.
This is exactly what petrodollar is. It is the world using Dollar in their sale of purchase of everything, that means Dollar is the main currency of the world, but what if, Yuan takes place of dollar or some other currency, then what would be the impact of that on the crypto currency. China already has started planning to purchase oil in Yuan instead of Dollar and if that happens overall the world then Dollar will collapse big time. And with that the economy of USA will also go down, Now my question was that if that happens then what would be the role of crypto in grabbing the market share ?
December 26, 2018, 06:04:48 AM
Well as far as i know, petro dollar is something that is related to the power of dollar because of the oil. And if that is what you are talking about then i have to say that it is going to be a very interesting situation. Lets rephase your question and that would be what would happen if Dollar falls, well i think crypto will fall further.
December 26, 2018, 05:59:45 AM
You meant that centralized crypto by Venezuela government ? Probably nothing . The only one affected is probably the person that introduce it
December 26, 2018, 05:53:53 AM
what the hell is a "petro-dollar"? all i can find about it is the following which is saying it is US dollar that is paid to oil-exporting countries in exchange for oil!
https://www.thebalance.com/what-is-a-petrodollar-3306358
so your question doesn't make any sense at all.
there is also Petro which is the cryptocurrency created by Venezuelan government and that also has nothing to do with other cryptocurrencies if it falls or not.
https://www.thebalance.com/what-is-a-petrodollar-3306358
so your question doesn't make any sense at all.
there is also Petro which is the cryptocurrency created by Venezuelan government and that also has nothing to do with other cryptocurrencies if it falls or not.
December 25, 2018, 09:33:03 PM
Hi friends,
I know that is a far fetched question, but i believe if you guys believe in the predictions of Simpsons, then this is a very much reality, The fall of Petro-Dollar.
But what will be its impact on the crypto curriencies if it ever happens. I mean what will happen if Petro-Dollar crashes ?
Your opinions please.
Edit: Question in simple (What will happen to cryptos if Dollar falls)
I know that is a far fetched question, but i believe if you guys believe in the predictions of Simpsons, then this is a very much reality, The fall of Petro-Dollar.
But what will be its impact on the crypto curriencies if it ever happens. I mean what will happen if Petro-Dollar crashes ?
Your opinions please.
Edit: Question in simple (What will happen to cryptos if Dollar falls)
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