If the dollar started to collapse and bitcoin skyrocketed would...

marcus_of_augustus

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Quote from: F-bernanke on February 13, 2014, 01:26:28 AM

Quote from: marcus_of_augustus on February 12, 2014, 10:26:22 PM

No.

Bitcoin is global. Regional collapses in the colonies like USA wouldn't make much difference to bitcoin sentiment in Tibet, Argentina or South Africa.

If the Dollar collapses, you can bet on it that it will take alot of Fiat currency's down with it. Maybe some currency's will be seen as safe havens, which in turn forces that currency to print like mad aswell.

I think there's a real good chance of Bitcoin and Gold being banned in case of a currency collapse because it is not "fair" that you hold it, and the majority of the people dont. Socialists will be socialists.

... maybe in the socialist USA states ... frankly i could care less what they decide to do to their 'compliant' citizens, in fact many of them deserve what's coming. You will know which are the truly free states by how they treat bitcoin (and gold), it is the ultimate litmus test, economic freedom.

F-bernanke

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Quote from: marcus_of_augustus on February 12, 2014, 10:26:22 PM

No.

Bitcoin is global. Regional collapses in the colonies like USA wouldn't make much difference to bitcoin sentiment in Tibet, Argentina or South Africa.

If the Dollar collapses, you can bet on it that it will take alot of Fiat currency's down with it. Maybe some currency's will be seen as safe havens, which in turn forces that currency to print like mad aswell.

I think there's a real good chance of Bitcoin and Gold being banned in case of a currency collapse because it is not "fair" that you hold it, and the majority of the people dont. Socialists will be socialists.

marcus_of_augustus

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Eadem mutata resurgo

No.

Bitcoin is global. Regional collapses in the colonies like USA wouldn't make much difference to bitcoin sentiment in Tibet, Argentina or South Africa.

Carlton Banks

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Depending on the circumstances at the time, there might be some truth to the accusation. It wouldn't concern me, but getting personally scapegoated might be problematic. I don't think sage economics lecturing would calm the temper of someone who had all their faith invested in the fiat system with few hard assets to hedge. Maybe that's the reason the media are keen to put bitcoin in the headlines, so everyone knows who and what to blame in the event that the financial system starts to vomit up all the uncollateralised debt

morphKET

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Well the question is not IF the dollar collapses but rather WHEN as it is inevitable. But to answer your question, yeah there would be some sentiment towards bitcoin being blamed by the mainstream media whores, but not surprising.

notig

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would certain people use that to try to bring the general sentiment against bitcoin as if it was the cause of the collapse?

Topic: If the dollar started to collapse and bitcoin skyrocketed would... (Read 914 times)