Topic: If the US dollar crashed, would it affect bitcoin in any way? - page 6. (Read 6712 times)
December 23, 2015, 04:12:19 PM
If US currency crashed, bitcoin would be the new USD.
December 23, 2015, 04:09:50 PM
The US market affects mainly all big currencies, including my own countries currency and I don't think it will ever crash. If it does, then it would affect all the real currencies but not bitcoins as the bitcoin price would be calculated according to other currencies which would rise, most probably. So it will be a positive sign if dollar doesn't exist anymore.
December 23, 2015, 03:54:56 PM
It depends on what you meant by "If the US dollar crashed". If you meant that it no longer exist, we're all rich. If you meant that the value of the US dollar crashes, we're also rich, but not as much as scenario one. I think there would have a sharp rise because the panic that would happen will so extreme that the whole world would become crazy and would try to find something safe to put their money on.
December 22, 2015, 08:44:21 AM
Any negative thing that happens to the dollar will be a good thing for bitcoin because I think that the bitcoin will rise in value as the value of the dollar will go down.
I don't think this will ever happen though, the governments are creating more and more debts but at the same time they are able to keep their heads above water.
I don't think this will ever happen though, the governments are creating more and more debts but at the same time they are able to keep their heads above water.
December 22, 2015, 06:00:39 AM
I think bitcoin will shoot up to the sky in value, there will be more demand for bitcoin therefore, more demand means the value will rise.
The value will rise because there is a limit as to how many bitcoins are available in the world.
The value will rise because there is a limit as to how many bitcoins are available in the world.
December 22, 2015, 05:33:39 AM
Yes, if the dollar would crash, I think that it would have a positive effect on bitcoin.
Meaning the price/value of bitcoin will rise.
Meaning the price/value of bitcoin will rise.
December 22, 2015, 02:14:32 AM
I think that the price of Bitcoin will rise a lot as the demand for it would sky rocket. But no one would sell their Bitcoin as the USD would be worth barely anything.
December 21, 2015, 08:02:13 PM
I think if you are on almost any metal and ofcourse Bitcoin, you would become an instant millionaire, as if the dollar crashes, ALL other fiats would become worthless as well.
December 21, 2015, 04:52:30 PM
I really think it would have 0 negative effect. If anything, more people could possibly begin to invest in BTC. Kind of a tough question though.
December 21, 2015, 04:47:52 PM
Sure, the price will explode. Please are trying to get alternative payment like Gold and Silver. Because those goods could be easily controlled and limited by the government, Bitcoin or cryptocurrencies in common, will be the perfect way to keep value of one's wealth.
December 21, 2015, 10:54:52 AM
Well that is difficult to say, when it will crashed they are still people using fiat money I doubt that bitcoin will just rise like that.
The Euro country or England and other country will just help America to go up again. I doubt we will see a crash with fiat money.
The Euro country or England and other country will just help America to go up again. I doubt we will see a crash with fiat money.
December 21, 2015, 10:46:51 AM
I think it would have an effect on bitcoin. I believe the price of bitcoin will go up as soon as the dollar crashes.
Which is good for all the bitcoin owners out there. We would be able to get some good profits out of the dollar crashing.
Which is good for all the bitcoin owners out there. We would be able to get some good profits out of the dollar crashing.
December 21, 2015, 09:37:18 AM
If the US dollar collapses, it will affect all the world economy as all international trades are done with dollars.
It will impact the bitcoin price of course as some new users will start using it
It will impact the bitcoin price of course as some new users will start using it
December 21, 2015, 09:32:05 AM
Yes I think there would be an affect.
I guess it would be the same as with gold when the currencies go down.
Bitcoin would go up in value!Pretty simple. And when USD should lose it's status as world reserve currency, we wouldn't value Bitcoin in USD anymore.
I guess it would be the same as with gold when the currencies go down.
Bitcoin would go up in value!Pretty simple. And when USD should lose it's status as world reserve currency, we wouldn't value Bitcoin in USD anymore.
December 21, 2015, 08:56:19 AM
That would definitely affect the "value" of bitcoins if everyone here is valuating their coins with USD...
The inflation/deflation affects the price of Bitcoins, based on what exchange rate you will be getting in other currencies too...
The inflation/deflation affects the price of Bitcoins, based on what exchange rate you will be getting in other currencies too...
December 21, 2015, 08:53:40 AM
Probably yes in some way, because BTC value is directly influenced by dollar value. You calculate how much dollars you get from 0.57 BTC and so on.
December 20, 2015, 02:39:33 AM
As the title says, what would be the effects on bitcoin if the US economy crashed?
Would there be a sharp rise, as lots of people would want to move their money out of the dollar and into something else, or would the price drop, as a large fraction of the bitcoin community is American?
Would there be a sharp rise, as lots of people would want to move their money out of the dollar and into something else, or would the price drop, as a large fraction of the bitcoin community is American?
There would be a sharp rise, yes.
A crash in U.S.dollar would be a reason to worry for many of the bitcoin users because the currency is a widely accepted medium of exchange in numerous dealings done on bitcoin. But actual happening would be people would start dis-investing from USD and bitcoin is likely to rise.
December 19, 2015, 09:52:30 PM
As the title says, what would be the effects on bitcoin if the US economy crashed?
Would there be a sharp rise, as lots of people would want to move their money out of the dollar and into something else, or would the price drop, as a large fraction of the bitcoin community is American?
Would there be a sharp rise, as lots of people would want to move their money out of the dollar and into something else, or would the price drop, as a large fraction of the bitcoin community is American?
There would be a sharp rise, yes.
December 19, 2015, 09:51:58 PM
i dont think it would affect bitcoin much, its a completely different currency and the transactions that happen with dollars arent correlated with bitcoin.
December 19, 2015, 09:07:14 PM
that is good question,
however if dollar fall, the world economic gonna be bad.
if its fall now, when bitcoin is not universally accepted yet. Bitcoin would also crash, people would sell their bitcoin for gold.
however if dollar fall, the world economic gonna be bad.
if its fall now, when bitcoin is not universally accepted yet. Bitcoin would also crash, people would sell their bitcoin for gold.
Jump to: