If the dollar fails then we could see it on the blockchain too. I don't think that the US will let the dollar fall so easily.
The time is not going to their favour, but they can shift some things in their favour.
Topic: If USD falls - page 11. (Read 12303 times)
usd doesn't even need to go to 0 , if a big bank collapses it could cause a domino effect. if that happens then the price of crypto will surely go up.
The thing is when, I would not hope for that to happen because that would give negative effect to the economy. I would like to see people are adopting in crypto because they believe in it and they sees the usefulness in their daily lives, not the other way around.
most of the investors will be affected, in this case there is an domino effects because American economy cover world wide.
Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
I think as the most powerful currency, surely, USD will give effect to crypto although not sensitive for it's value. Economic spike will happen and in my opinion bitcoin will stronger with others cryptocurrency.
there is no correlation between the conventional currencies and the Crypots
If a currency like USD fails then there would be an opening for another currency to come in and fill in the gap that was left by USD failing and I couldn't think of a better currency to take that position than bitcoin.
usd doesn't even need to go to 0 , if a big bank collapses it could cause a domino effect. if that happens then the price of crypto will surely go up.
The thing is when, I would not hope for that to happen because that would give negative effect to the economy. I would like to see people are adopting in crypto because they believe in it and they sees the usefulness in their daily lives, not the other way around.
Even if bitcoin becomes a world currency, even if all people in the world will use it and even if the price of bitcoin will be above $100,000 - bitcoin still will never be able to drop the dollar, because for a very long time the dollar is the most powerful currency in the world of the most powerful country in the World - America, I simply can not imagine that the dollar will fall due to bitcoin.
I personally think that if a big currency like dollar or euro falls, that will boost the value of bitcoin incredible. This happens due to the fact that people need currency to use. If the dollar fails, of course, nobody will use national currency like euro in the USA, instead, Bitcoin is a quite famous, more advanced and international alternative. It is decentralized, so anybody can use it, and also quick transactions across the world will definitely make it used in an appropriate scenario. You could pay everywhere with it, just having something like a credit card or such.
if usd falls my friend the last thing we would be concerned is the price of btc and everyone would try to survive somehow or to find any kind of food or shelter for himself .
No, this wouldn’t be any case. Like many other currencies, if USD starts falling down, people will still be living their lives. Although yes, in US there would be a higher inflation rate and everything will be expensive but this doesn’t mean we start losing our lives and food and shelter. People in far flung countries are still living whose country’s currency is much lower than USD. usd doesn't even need to go to 0 , if a big bank collapses it could cause a domino effect. if that happens then the price of crypto will surely go up.
The thing is when, I would not hope for that to happen because that would give negative effect to the economy. I would like to see people are adopting in crypto because they believe in it and they sees the usefulness in their daily lives, not the other way around.
Bitcoin is independent in value. It can be in the form of other currencies or medium. So if USD falls, people will tend to convert bitcoin in some other currency other than USD. Bitcoin holders who are residing in the US and/or using bitcoin in transactions in the US will be affected. They will get less than what they are supposed to get before USD falls and/or will suffer from loss in transactions and exchange.
Fall in American dollar generally bring increase in the market value of Bitcoin. After the fall of US dollar one can not easily achieve and afford Bitcoins as its price will have increased after the fall of American dollar. One can afford Bitcoin easily if the American dollar goes high so that price of Bitcoin will decrease and will be affordable easily by a common person. Fluctuations happen in the market and you should keep updating with the market.
usd doesn't even need to go to 0 , if a big bank collapses it could cause a domino effect. if that happens then the price of crypto will surely go up.
If USD falls, its a domino effect to economic system. Therefore, bitcoin would slide down a bit and its very erratic by that time. Btc really depends on the monetary system and dollar exchange and everything that goes and beyond the bank in one way or another.
If USD gets failed then it would make a remarkable effect on the value of bitcoin in the international market zone. Bitcoin is entirely dependent upon the dollars to maintain its value in the monetary matters and this is just going to be limited to a question only as dollar is never going to get down.
theres a lot of US members and even the developers in the forum. there wallets will get a direct attack
if usd falls my friend the last thing we would be concerned is the price of btc and everyone would try to survive somehow or to find any kind of food or shelter for himself .
No this is nonsense. Dollar notes are just a piece of paper promising to pay a bill or accept settlement of taxes in respect of US treasury.
The ironic thing is that if dollar goes down, the value of debt owed by USA is far less also. On balance the country could become alot richer this way. It does long term mean that financing will not be available but its the creditors who lose most value in the repayment they receive.
Instead of dollar the exchanged value would have to be closer to a real product not a promise of future value. It means interest rates chargeable would rise for lent value but that alone doesnt stop production or value creation. The biggest thing I hear is an orderly market so a vast change in a short period of time would be disruptive, otherwise dollar value does not control the worth of goods or the value of labour/enterprise in goods sold globally.
I'm really afraid that falling of USD would almost definitely lead to WW3. Scary thought, but I doubt these cunts will stop at anything in order to keep control over majority of the world's finances.
For me, if USD fall, it has a direct impact on price of bitcoin. It may drops too since the basic conversion of bitcoin is USD. That is only my opinion.
I would think so too. Although Bitcoin and USD have no direct related link but conversions of BTC at buy/sell rates are always reference with USD. The USD value could have decreased even though the odds are very small, we would expect BTC value to go up with that condition where people no longer invest to gold but switch to Bitcoin.
If USD falls, its a domino effect to economic system. Therefore, bitcoin would slide down a bit and its very erratic by that time. Btc really depends on the monetary system and dollar exchange and everything that goes and beyond the bank in one way or another.
BTC will slightly be effected. It takes USD and other currencies to purchase BTC. Although BTC will prosper beyond expectation if USD were to fail.
US is a firm currency even though it fluctuates its so much negligible that it apparently remains unaffected to btcs
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