Topic: If USD falls - page 18. (Read 12303 times)

The history proves that doing that in a "ruinless" way is next to impossible

It took two major wars to install the American dollar as the world reserve currency. The first war (1914-1918) heavily undermined the power of the British pound (factually dethroned it), but it was only after the second war (1939-1945) that the US dollar got actually established as the supreme global currency. So it may take another devastating war to dethrone the dollar now. It is highly unlikely that the greenback is going to lose its influence without the world going through some catastrophic experience again given the military, economic, and technological muscle of Uncle Sam

yes that is right. I think it is not possible that that bitcoin will fell down so much , and suppose it happened then it will create too much crises through out the world, but still I am confident that it is not so easy to happen.

I also do not believe that the dollar may fall. Now this seems unrealistic. There is not even a hint that the dollar may fall. The government's problems are not so global that one could think about the collapse.
But even if this event happens, people will look for an alternative. And it is likely that this will be a crypto currency

i think it is not so easy that USD will falls, i think it is become more stronger, in fact most of the countries are depending on USD. therefore in current position it is almost impossible that USD will fell down. i think it will remain for a long long time time tell all the people of the world start using bitcoin.

Definitely it will have effect over bitcoin value.Already USD is in its final stage as global reserve currency.If USD price falls,more investors would start selling dollars and would start to buy bitcoins which would increase bitcoin price more.

Believe it or not, before USA was great in 20th century it was the little UK and sterling pound which was seen as the infallible world currency.   What would happen if every major business in the world did not have some sterling to buy goods with, surely we'd all fail.  
The British Empire the largest trading empire that ever existed did decline and cease (in ownership terms) not that long after the allies won (at great expense) and of course we now know the world carried on without the Brits fingers in every pot and trade of countries in every hemisphere.   Empires of colonial basis might not exist so much now but we still have not quite capitalism occuring but something relying on a great deal of military influence, some find this a positive but I also believe it will decline and transition.
    Not that I especially want this, I speak English and Im rubbish at other languages but its likely dollar is over extended and like sterling will not be important any more [Sterling remains a 12% reserve currency roughly].   Its not going to be great ruin of all nations, USA will find a way and so will the world and Bitcoin is likely on its own course not tied to Washington DC economics.
  Not even 1 nation should revolve around 1 city imo, I prefer the Swiss system.

That's the very first thing which is more likely to happen if USD falls, EURO might become stronger and most of the people will start accepting Euro but yes of course it will affect bitcoins prices too and they may rise more too.

We are thinking on different sides, just like what happened way back years ago. When there's an economic crisis and US' economy is falling most of the countries were affected. And that's why I think it will make the price of bitcoin affected but we can't say if that's going to make bitcoin pump or end up being dumped.

If USD falls it will probably be the fact that the Feds have become insolvent due to their high leverage or they need to print money to keep up. If that is the case, then economy will look to something that is scarce, like Gold or Bitcoin.

That's one big "if" you're talking about. But the way I see it, if the USD fails there would first be chaos and EURO for example will become much stronger than it would be. Also, people will start abandoning USD as soon as they notice that it's failing and that could mean investment into bitcoin or any other fiat currency.

I will see your point and raise you another. The BTC value would change only in the sense that we would have to value it beside another currency that also valued itself beside the dollar. Think of the domino effect in slow motion.

If the USD crashes and burns, then the world will, in the short term be thrown into panic. As it means that something very significant and world changing occurred.

This will cause everything to crash and burn in the short term and a flight to safe haven assets such as gold and silver. Will BTC be included as a safe haven asset? Possibly, it depends on what caused the crash to occur.

The effect would depend on a lot of factors

If the dollar gets good old devalued through excessive printing by the Fed, Bitcoin just like almost any other asset out there would rise in dollar terms. On the other hand, if the US economy crashes, for example, due to a social unrest of the order never seen before (think the Mad Max scenario here), the effect would be virtually unpredictable and would largely depend on the integrity of the network itself. That said, people overall tend to overestimate the dependence of Bitcoin on the American dollar. The fact that the former is priced in the latter doesn't mean that there is a very strong link between the two

If USD falls from its high chair, there will always be something to fill that place.
Most likely Euro or Yuan. But USD is still powerful and fighting hard.

At the moment, there is no reason for the dollar to fall. This currency is very stable. And the fact that many countries of the world use dollars, despite the fact that they have their own national currency, suggests that the dollar has no reason to fall

I am not really sure about this assertion that the collapse of the dollar will affect btc price because of its dependency on the American dollar. I strongly believe that the fall of the American dollar will boost the strength of Bitcoin. Of course I know the dollar tops all other currencies because it's more internationally recognized ahead of others like the Euro, pounds and Yen. But that does not mean that its fall would drag other currencies or the Bitcoin down. It will only make the Bitcoin shift focus to other major currencies.

It would seem that if the US dollar drops in value, the price of Bitcoin relative to USD would increase. The only way Bitcoin would stay the same or drop relative to USD in this situation is if there was some global financial concern that affects both.

Of course, even if Bitcoin rose relative to USD, it could still drop relative to other fiat currencies.

Since most of the time people think of the value of bitcoin in terms of dollars, then if something happened to the dollar then bitcoin will be affected by it, I do not know if the effect is going to be positive or negative but there is going to be an effect.

Pretty sure that if USD falls then some small counttry will guarantee it's currency on bitcoins. The chance it will happen is low AF but is it still realistic (especially when BTC become more stable after more usable irl).

Its more true that dollar is depending on major countries around the world for support.   More trade and production occurs outside USA then inside it.  It was once true that dollar was the main path for trade in the world but at present it represents alot of imported goods, the difference to exports being stored in Treasury debt.    

If it werent for that large amount of debt ironically the dollar value would be far lower as value would return to the countries of production.   If that occurs now, dollar value falls and I dont think bitcoin value must fall with dollar.   If anything I think bitcoin is inverse to dollar, with value falling you likely have a higher price for bitcoin.

Again I think bitcoin is used/grows more more outside USA then inside it.  This isnt a revolutionary thought or discriminatory at all, since demographics points to far greater growth likely to occur outside USA then inside it.   The majority of India is below 30 years old, so theres a potential usage for billions of people who have no direct relation to dollar.  USA is far smaller population but also far richer thats true, the world wont always stay the same it'll favour productive enterprise more then it does now.  I think dollar is a political currency, USA is a superpower and presently support is related to that position but value should follow trade not unproductive debt.
   Its not just one country but quite a few western countries have trade deficit and budget deficits, currency value supported by over blown debt valuations.   Debt value is inverse to interest rates roughly, thats how you know we're at highs not for this decade but over centuries no debt has been viewed as so perfectly sound as is true now, the obvious disparity is this debt is not perfect.
   You have a conflux of crypto with unique situational change in world reserve currency, so there is change beyond imagination quite likely imo