If USD falls, americans could buy guns, televisions, gold, silver and anything else they can get their hands on in an effort to maintain the value of the wealth they're holding as the value of the dollar declines.
Basically the same behavior europeans have been engaging in for years now whenever there were fears about the euro dying out. Concerns over greece dragging the EU economy down with it, etc.
The value of crypto/bitcoin could increase during this time on rising demand/volume.
Topic: If USD falls - page 21. (Read 12345 times)
The bigger the bubble the longer it takes to collapse, US Dollar bubble is over 100 years old, there is no saying how many years it will take for the dollar to collapse.
One is certain, it will happen in the future, this, or some kind of global war and inception of whole new currency which will emerge from the crisis.
Anyway, let me assure you - the worse standard economy based on fiat is doing the happier bitcoin holders will be.
When you say that the dollar is a huge bubble, I agree with you, but why are you not concerned about the fate of all crypto currency? They, too, can be soap bubbles. I think of such pyramids no one is immune. One is certain, it will happen in the future, this, or some kind of global war and inception of whole new currency which will emerge from the crisis.
Anyway, let me assure you - the worse standard economy based on fiat is doing the happier bitcoin holders will be.
The bigger the bubble the longer it takes to collapse, US Dollar bubble is over 100 years old, there is no saying how many years it will take for the dollar to collapse.
One is certain, it will happen in the future, this, or some kind of global war and inception of whole new currency which will emerge from the crisis.
Anyway, let me assure you - the worse standard economy based on fiat is doing the happier bitcoin holders will be.
One is certain, it will happen in the future, this, or some kind of global war and inception of whole new currency which will emerge from the crisis.
Anyway, let me assure you - the worse standard economy based on fiat is doing the happier bitcoin holders will be.
USD/EUR has dropped suddenly and BTC has dropped as much in euros, so that confirms the link between BTC and USD.
Correlation =! causation.It's completely irrelevant that US dollars have dropped at the same time.
It's just one example - don't get caught up in it.
USD/EUR has dropped suddenly and BTC has dropped as much in euros, so that confirms the link between BTC and USD.
Many who predict that bitcoin will not fall the next year
I can say that bitcoin price affect if usd falls. They are connected to each other, if usd falls many are really affected to it. I think bitcoin price will increase thoroughly as many people are investing nowadays in bitcoin. I think if USD will fall to the ground, I'm pretty sure a lot will be affected especially the crytocurriencies and bitcoin too. But I don't think that's happening anytime soon, I mean that's a huge impact to a lot investments and big industries all over the world.
Well if you talk about the dollar, it's probably about sacurity and stability since it currently is the top currency in the world today. It's overcome a lot of challenges before that may have toppled other currencies and has a very strong foundation so it's probably gonna stay where it's at for a long time
Many who predict that bitcoin will not fall the next year
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?
Well I think it will makes price of bitcoin increase if the USD falls because it will takes impact on price of bitcoin, we could saw the falls of Rupee on India because it, price of bitcoin becomed $1000
we can imagine if the USD falls price of bitcoin will increase more than today, many people do save values of whealty in bitcoin.
If the dollar falls, it is estimated that it will spread to the world, the financial aspects of each country will be affected, but btc should rise, after all, it can make our money preservation, and not affected by the exchange rate. 
If US dollar fall all areas of america will be affected and also all countries.But if bitcoin will be the current maybe the economy of all countries will rise up,becuase this will become powerful cause of BTC price increase.
If the USD goes down then Bitcoin will have a lower price as well. Bitcoin is only being used by a small group of people and if it's compared to regular currencies then Bitcoin has a very little chance of surviving because people will want to spend money on something that will hold its value while not being able to drop down in value within 10 minutes.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?
Well the bitcoin currency is a crypto currency and is not dependent on any economy so in the even that the US currency does fall, it will just make the bitcoins currency rise up against the US Dollar and that will be it.
I agree here because bitcoin do not and never rely on USD's value since it has its own. I think also that it will never happen because usd is the strongest currency that most of the people use in traveling around the world and it is supported by most of the countries. Right now no one can think of USD to fall for bitcoins.
If US dollar fall all areas of america will be affected and also all countries.But if bitcoin will be the current maybe the economy of all countries will rise up,becuase this will become powerful cause of BTC price increase.
If the USD goes down then Bitcoin will have a lower price as well. Bitcoin is only being used by a small group of people and if it's compared to regular currencies then Bitcoin has a very little chance of surviving because people will want to spend money on something that will hold its value while not being able to drop down in value within 10 minutes.
If US dollar fall all areas of america will be affected and also all countries.But if bitcoin will be the current maybe the economy of all countries will rise up,becuase this will become powerful cause of BTC price increase.
I think if USD will fall to the ground, I'm pretty sure a lot will be affected especially the crytocurriencies and bitcoin too. But I don't think that's happening anytime soon, I mean that's a huge impact to a lot investments and big industries all over the world.
Well if you talk about the dollar, it's probably about sacurity and stability since it currently is the top currency in the world today. It's overcome a lot of challenges before that may have toppled other currencies and has a very strong foundation so it's probably gonna stay where it's at for a long time
I think if USD will fall to the ground, I'm pretty sure a lot will be affected especially the crytocurriencies and bitcoin too. But I don't think that's happening anytime soon, I mean that's a huge impact to a lot investments and big industries all over the world.
What would be the reasons for the USD to fail? The only one I could think of is that the Union would disintegrate, Balkanizing the country, but why would that happen? You know the Euro since it's beginnings was given only a year before it would collapse and since then every year someone says this is the year the Euro fails and yet it's still working.
Oh man, it's a shame that you don't know the reasons why we're using bitcoin and yet you're still on this forum.
The exact reasons of using bitcoin in to hedge against such a devastating event, such as in case the USD fails. This could be brought about by any sort of bubble that is in the US economy, for example the 2008 housing bubble came real close to wrecking the whole financial system. After all, the government is in charge of the economy, and they are going to do wrong things.
e.g. after 2008 the government was in a pretty desperate situation to make the economy function correctly again. They decided to inflate the currency base, thus reducing the value of the dollar you hold in your wallet in the long run. It mightn ot reflect immediately due to sticky wages but it will reflect eventually.
Boy what can I tell you, you hold a belief and then anyone who doesn't agree is wrong, I see more reasons for Bitcoin to fail than for the USD, you know like the internet being wiped out, or a worm comes along and decimates all wallets, or simply people stop accepting Bitcoins as an exchange medium, because what backs Bitcoin? Only faith which is the same as for fiat currency but at least fiat has governments behind it . But I guess everybody has a right to his ideas so I will accept your ideas even though I don't agree with them.
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?
Well I think it will makes price of bitcoin increase if the USD falls because it will takes impact on price of bitcoin, we could saw the falls of Rupee on India because it, price of bitcoin becomed $1000
we can imagine if the USD falls price of bitcoin will increase more than today, many people do save values of whealty in bitcoin.
There are actually 3 possibilities.
The value might be higher , lower and in some case maybe just equal.
It all depends how much will the price of bitcoin increase and how low will the usd go.
But my opinion if that the usd really fails like never before we're going to get screwed bitcoin or not.
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?
Well I think it will makes price of bitcoin increase if the USD falls because it will takes impact on price of bitcoin, we could saw the falls of Rupee on India because it, price of bitcoin becomed $1000
we can imagine if the USD falls price of bitcoin will increase more than today, many people do save values of whealty in bitcoin.
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?
In my opinion there's a small chance that US dollar will fall because it is mostly used than any other currencies in the world so what are the main reasons that people will make US dollar disappear. What if usd will really gonna fall ? Maybe this is the chance of bitcoin will become legalize and declare it as a real money in the future.The chances right now are slim that the dollar will fall more so that it will be replaced by a cryptocurrency. The dollar's overcome a lot of hard challenges in the past and would probably do so again a lot more times in the future. And if in the scenario that the dollar crashes, i'm not sure btc or any other crypto can move to the plate as another fiat currency is more likely to take the dollar's place
the dollar economy will be hard to overcome, the same bitcoin in the first place compared with the dollar. you will need to break a lot of stereotypes...
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