Topic: If USD falls - page 16. (Read 12303 times)
if USD down I think bitcoin will be more expensive, because all the switch to bitcoin who want to have it because every year its price has increased very much.
If USD falls its unlikely bitcoin will go up.. Big investors and more countries will adopt bitcoin.. the whole world will be happy because bitcoin will go up and up.
This is what I think though when usd falls down the value bitcoin price will up. Adoption will increase but the thing here is the legalization could take long because there are many factors to consider. However, it proves nowadays that bitcoin is cannot easily replace the fiat currency.If USD will fall and bitcoin will raise, it will be the break earners to excel. Their income will raise and those who have stored their bitcoin in the big amount they are happy if bitcoin will raise.
This is possibly the dawn of crypto currency ages. Bitcoin determines how much a USD price will rise, people depends on USD besides America. In Asian countries they use USD for monetary funds, but for now they use bitcoins for easier transact and easier withdrawals. Many machines now accept bitcoins and its cards are distributed worldwide, but for USD people are much surprise because it is not stable, and I dont know what the future holds on USD.
If USD falls its unlikely bitcoin will go up.. Big investors and more countries will adopt bitcoin.. the whole world will be happy because bitcoin will go up and up.
This is what I think though when usd falls down the value bitcoin price will up. Adoption will increase but the thing here is the legalization could take long because there are many factors to consider. However, it proves nowadays that bitcoin is cannot easily replace the fiat currency.
First of all such changes never happen at once. It is a long period of instability and other factors that will indicate that usd will plummet. Moreover, even today it's impossible that btc can substitute fiat easily. This should also be preceded by at least legalization of cruptocurency and support (or at least authorization) on the part of the government
The value of the currency is determined in the proportion of the amount of gold, diamonds or other valuables kept in contrast to any item. Now if the value of the USD decreases, the government does not increase the quantity of the reserve. I think in that situation I think Americans will try to create a digital dollar and compete with Bitcoin.
If USD falls its unlikely bitcoin will go up.. Big investors and more countries will adopt bitcoin.. the whole world will be happy because bitcoin will go up and up.
If the dollar falls - the world in general will not be up to bitcoins.
Why not? There are other currencies, which can replace USD very simple. At the moment US controls global market, but in few years other country can control it, because US is losing hardly their positions on global arena. In this case i think it wouldn`t affect bitcoin so hard, USD would be replaced by other currency and instead of buying BTC for USD, we will be buying it for another currency for the same price, simple 
If the dollar falls - the world in general will not be up to bitcoins.
If USD falls BTC will replace it and the company will get more profit.
I don't know what you are talking about but USD and other fiats will never go down that easily.
Fiats or the "real currency" is the most popular of all currencies we ever known. It is used since the president of the United states used the paper money ( because currency talk as a whole as the paper money). You think digital currency will go down just like that? No, but bitcoin will be just a shadow to the fiats.
If USD falls BTC will replace it and the company will get more profit.
I don't know what you are talking about but USD and other fiats will never go down that easily.
Fiats or the "real currency" is the most popular of all currencies we ever known. It is used since the president of the United states used the paper money ( because currency talk as a whole as the paper money). You think digital currency will go down just like that? No, but bitcoin will be just a shadow to the fiats.
If USD falls BTC will replace it and the company will get more profit.
Simply there will be a transition period, and eventually people will switch to another unit of evaluation. If it's money, then for example the euro or the yen, or by the time the cost of bitcoin is already tied to the cost of services and goods more extensively, so he will not have such volatility. And he actually will not need a dollar to assess its value
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?
We could see that many USD holders have sold it and have bought bitcoins as its price is steadily increasing.In such a scenario,if USD falls,then definitely more people would start buying bitcoins which would create an increase in demand resulting in increase in bitcoin price.No. You are mistaken. The Bitcoin exchange rates have some connection with the USD value. If the value of the USD goes down versus EUR or JPY, the momentum will cause a decline in the exchange rates of BTC against these currencies. This may be due to the fact that most of the BTC trade volumes come from BTC vs USD trade.
Yup, the majority of the btc trading volüme directly linked to BTC/USD transactions and that's why. It's actually more complicated but to be simple, we can know that, as you addressed correctly, usd's position against other currencies like eur or jpy has an effect on btc too.
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?
We could see that many USD holders have sold it and have bought bitcoins as its price is steadily increasing.In such a scenario,if USD falls,then definitely more people would start buying bitcoins which would create an increase in demand resulting in increase in bitcoin price.No. You are mistaken. The Bitcoin exchange rates have some connection with the USD value. If the value of the USD goes down versus EUR or JPY, the momentum will cause a decline in the exchange rates of BTC against these currencies. This may be due to the fact that most of the BTC trade volumes come from BTC vs USD trade.
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?
We could see that many USD holders have sold it and have bought bitcoins as its price is steadily increasing.In such a scenario,if USD falls,then definitely more people would start buying bitcoins which would create an increase in demand resulting in increase in bitcoin price.
I fail to see any relation between the movement of bitcoin and dollars. Most of the time we see Bitcoin rises in both the cases whether dollar rises or falls. Bitcoin as a currency or investment has its own driving factors and being an international currency leaves dollar to little significance. Thus, dollar rate hardly matters.
I noticed usd is falling from last 3-4 months It certainly impact Btc as well I noticed when FOMC or cash rate meeting for USD happens it impacts bitcon too most of the time I noticed When usd dropping Bitcoin rising. I do forex too so I noticed these things lets see when Usd will again bullish. How bitcoin moves that time but there are some other factors too that affects bitcoin movement.
Bitcoin will never replace the dollar because the currency of the state and it cannot exist without state regulation, and is contrary to the principles of cryptocurrency. I think the Americans will try to create a digital dollar and compete with bitcoin.
Bitcoin value may increase if USD falls down. Bitcoin can be the replacement of USD and become the worldwide currency, but the only problem is it is a cryptocurrency which doesn't count as a real life money. But who knows maybe people will start to accept cryptocurrencies and use them more often than of the current currency, it is more convenient.
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