Topic: If USD falls - page 14. (Read 12303 times)
It has to fall one day but i don't hope so. But i can see the value of the dollar crumble in the next coming years , and then people will start looking at crypto as a safe haven.
Until now I think no one can make the dollar fall, because we know the economic development of the united states is very stable
and is a pillar of economic stability worldwide
But if that happens then it seems like bitcoin will be more expensive in dollars
and is a pillar of economic stability worldwide
But if that happens then it seems like bitcoin will be more expensive in dollars
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 Nothing will going to change with bitcoin if the dollar will fall. It will not go up or down the value as we all know that bitcoin is not under the law of the government neither bitcoin has string attach with it. Considering that the dollar will fall, still, there are national money out there which is/are second to dollar that will replace it just to be the standard value of bitcoin. It has to go up of course... as 10.000 dollar would theoretically be worthless.. so why would people take 10k for 1 bitcoin at that point?
In my opinion, the usd will not fall. It is still the most popular currency in the world. The influence of usd on the global economy is very large. and it will not change in the near future.
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 Nothing will going to change with bitcoin if the dollar will fall. It will not go up or down the value as we all know that bitcoin is not under the law of the government neither bitcoin has string attach with it. Considering that the dollar will fall, still, there are national money out there which is/are second to dollar that will replace it just to be the standard value of bitcoin.
USD has impact in many world currencies, if it's down fails other currencies will got affect of it. But i don't see it would affect in Bitcoin value as bitcoin was traded because volatile of supply and demand, so if conditions when USD falls and many people selling their fiat to buy BTC, this could makes price BTC going high.
I think that the dollar will not fall. But if it suddenly happens, then the global economy is waiting for such turmoil that the bitcoin rate will be of no interest to anyone.
When every currency is falling down in the value Bitcoin is establishing the new value points and it is getting even more powerful then it was before. I cannot imagine the scenario in which the USD would fall down but if that would happen Bitcoin would for sure established the number 1 position on the charts. The price of the Bitcoin would go drastically up because of the fearful people which would invest their money into something that would bring them back their profit that they lost with the fall of the USD. America is being known as the leader of the currencies and USD is highly appreciated in all over the world. This scenario of the falling won't happen anytime soon but with or without the break of the central centralized currency Bitcoin will grow further in the price.
If USD falls, then having cryptocurrency will help our overall financial level and that is why I believe people are throwing a part of their own currencies into cryptocurrencies to defend their worth. Surely we've seen fiat crashed to being worthless before.
If (when) usd falls.
People will look for things to invest their money in to prevent their wealth from losing value as the dollar falls.
Many will buy gold, silver, jewels. Some will buy color tv's, electronics since they're not bad at holding value.
Others will buy bitcoin. It could increase demand for crypto which in turn would case the value and price of bitcoin to increase.
People will look for things to invest their money in to prevent their wealth from losing value as the dollar falls.
Many will buy gold, silver, jewels. Some will buy color tv's, electronics since they're not bad at holding value.
Others will buy bitcoin. It could increase demand for crypto which in turn would case the value and price of bitcoin to increase.
So much agree on this statement. Because we people are always looking for things that might save us from falling, but one thing we're still not sure of, when USD falls, let's hope bitcoin is already accepted on stores, merchants, etc. And if bitcoin is still not accepted as a currency, by some other countries, no one would still buy bitcoin at the end.
but some people take advantage from it ? i think arbitrage to korean exchange its had promising potential more profit from it .
that time alt coin will raise
If the dollar falls, bitcoin will surely be affected, and many exchanges will rely on the dollar as their legal currency. But for the moment, the dollar has any reason to see a massive fall in the dollar. If the dollar falls on a large scale, I believe bitcoin will follow suit. That's my personal opinion!
If Usd price falls .. I will buy as much money as I have and I will save the money usd in time till the usd price increases, then I just redeem the usd money after the price of usd currency rose high ..
And so is the price of the eye the digital money that I now save a lot of my bitcoin money will trade with usd currency if the USD price goes down, and I see the price in the digital currency market to grow my business.
I need a lot of money and I have to know how to get money easily and quickly, without any risk I will get. I am going to start trading in digital currencies starting from. now.
And so is the price of the eye the digital money that I now save a lot of my bitcoin money will trade with usd currency if the USD price goes down, and I see the price in the digital currency market to grow my business.
I need a lot of money and I have to know how to get money easily and quickly, without any risk I will get. I am going to start trading in digital currencies starting from. now.
As the saying goes, don't throw out the baby with the bathwater
But in this case this saying sort of works in reverse, i.e. instead of separating the baby from the water, you pour even more water unto it. Basically, you are equaling the world economic meltdown with the crash of the US dollar. While these two events are certainly intertwined (to a degree), I still wouldn't equal them. In other words, if the dollar slowly loses its grip on the world finances (just as it rose to prominence in the first place), it can ultimately disappear from the world economic arena altogether, and that would pass almost unnoticed. Obviously, no bitcoin will get hurt in the process
But in this case this saying sort of works in reverse, i.e. instead of separating the baby from the water, you pour even more water unto it. Basically, you are equaling the world economic meltdown with the crash of the US dollar. While these two events are certainly intertwined (to a degree), I still wouldn't equal them. In other words, if the dollar slowly loses its grip on the world finances (just as it rose to prominence in the first place), it can ultimately disappear from the world economic arena altogether, and that would pass almost unnoticed. Obviously, no bitcoin will get hurt in the process
That's a fair distinction. If the dollar loses prominence over an extended period of time, it can disappear without much consequence at the end of the downward spiral. However, this would be a trend that plays out over decades. Any sudden fall would be too disruptive for bitcoin to survive. There has to be ample time for orderly transition in order for it not to be chaotic and disrupt the status quo.
Any sudden fall would be disruptive for the whole world
If we are to remain realists, there are not a lot of reasons why the dollar would crash all of a sudden, and most of these cases mean the meltdown of the American economy in the first place and the dollar going belly up due to that. Obviously, the collapse of the US economy will affect many countries, particularly those highly integrated with the US economy such as China and Japan. In short, Bitcoin's fate will be of no special interest to anyone if things start to develop this way
Well that's been my whole point the whole time. And there's no one reason why the dollar would crash suddenly, but there are a lot of reasons why it could given the right circumstances, which are always unexpected, otherwise they could be planned for. There are plenty of powerful nations that have failed unexpectedly throughout history, that despite their enormous wealth and power, couldn't foresee or avoid their own decline. I don't see why America would be any different. The debt is a known issue, and it appears for now the most likely failure point. Default on the debt would tank the dollar, and despite this, nothing is done to address it
And how do you imagine that?
How can the American government default on a debt which is denominated in the currency it happens to print? There is only one possible way, namely, via a deliberate act of sabotage. If we discard for a moment Bitcoin's internal issues that it currently faces and assume that it is pretty stable and consistent, then, as to me, in this very case specifically (i.e. intentional default) Bitcoin is set to rise monumentally against the dollar since people will massively dump the latter in favor of anything even remotely valuable (Bitcoin included)
I'd start by correcting the misconception that the American government prints the dollar. It doesn't. The Federal Reserve prints the dollar, and it's a quasi-governmental entity, yet outside of the control of the government for good reason. The Fed's mandate is stability, and necessarily attempts to remain apolitical. The government only has the revenue from taxes and debt auctions by the Treasury, it doesn't print dollars to pay old debts. It rolls over old debts constantly, literally on a weekly basis, if not a daily basis. Old debt expires continually and the Treasury holds new auctions to issue new debt instruments to fund the government. The value of the dollar comes from the (illogical) assumption that the US government cannot default on its debt. That's why US Treasury bills are (again illogically) considered "zero risk" investments. To this end, the government depends on buyers of the debt to function. The Fed acted as a buyer of last resort during the financial crisis, but if that action would have shot confidence in the value of the dollar, it may not have been a technical default but the outcome would have been the same.
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?
That is bad for bitcoin and for america if DOLLOR value will go down. Its have big effect in a country, but for my country if dollor's go down its value, our money will go high, but i think it is better if the value of dollor will go high. If (when) usd falls.
People will look for things to invest their money in to prevent their wealth from losing value as the dollar falls.
Many will buy gold, silver, jewels. Some will buy color tv's, electronics since they're not bad at holding value.
Others will buy bitcoin. It could increase demand for crypto which in turn would case the value and price of bitcoin to increase.
People will look for things to invest their money in to prevent their wealth from losing value as the dollar falls.
Many will buy gold, silver, jewels. Some will buy color tv's, electronics since they're not bad at holding value.
Others will buy bitcoin. It could increase demand for crypto which in turn would case the value and price of bitcoin to increase.
So much agree on this statement. Because we people are always looking for things that might save us from falling, but one thing we're still not sure of, when USD falls, let's hope bitcoin is already accepted on stores, merchants, etc. And if bitcoin is still not accepted as a currency, by some other countries, no one would still buy bitcoin at the end.
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?
That is bad for bitcoin and for america if DOLLOR value will go down. Its have big effect in a country, but for my country if dollor's go down its value, our money will go high, but i think it is better if the value of dollor will go high.
USA the country itself is fine, lots of assets amazing companies, commodities and people but the government the paper printing you mention is the failure of centralised government and politics. Unfortunately it runs the economy poorly with a constant deficit in place for decades now, the legacy of Richard Nixon is that every president that has followed him has copied his actions by being unable to balance the budget of US Treasury debt and taxes. The democratic representatives always opt to overspend and print the difference, the rest of the world colludes to allow this so long as political favour is returned. Such as Japan with 1 trillion in US debt and even communist China support the system of USA dollars as world currency.
If all of this fails, I can only be bullish on a better alternative. I dont see why bitcoin should be entwined to the fate of dollar, it allows transfers between any nation but at present its failing to support the free flow of all currency so if bitcoin falls its from its own fault not any upset by dollar. Every pillar must stand by its own support, if BTC is flawed and leaning on a failed dollar deficit system then yes that would suggest failure follows
If all of this fails, I can only be bullish on a better alternative. I dont see why bitcoin should be entwined to the fate of dollar, it allows transfers between any nation but at present its failing to support the free flow of all currency so if bitcoin falls its from its own fault not any upset by dollar. Every pillar must stand by its own support, if BTC is flawed and leaning on a failed dollar deficit system then yes that would suggest failure follows
The best economy on the world; AKKA; a country that prints more than 150 million dollars a day, what a great ECONOMY and what a great COUNTRY! Of course! Far as i know they are the greatest economy, of course..
It's impossible for Bitcoin to fall , USD is presented to the economy of United State- which is the best economy in the world. So if USD is fallen , i think it's not gonna be a good result to US too.
It's impossible for Bitcoin to fall , USD is presented to the economy of United State- which is the best economy in the world. So if USD is fallen , i think it's not gonna be a good result to US too.
You should understand that almost the entire economy of the world holds the dollars, and if the dollar falls, then only America will suffer. You need to approach this issue more broadly, and not because of what you have to do with this country.
It's impossible for Bitcoin to fall , USD is presented to the economy of United State- which is the best economy in the world. So if USD is fallen , i think it's not gonna be a good result to US too.
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