If USD falls - page 22. | Bitcointalksearch.org

Malsetid

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Quote from: Gumpfire on June 25, 2017, 02:37:33 AM

Quote from: shamzblueworld on May 20, 2017, 08:37:17 AM

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

Gumpfire

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Quote from: shamzblueworld on May 20, 2017, 08:37:17 AM

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.

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Quote from: Barbarian on June 24, 2017, 12:42:55 AM

Quote from: densuj on May 20, 2017, 08:44:15 AM

Quote from: shamzblueworld on May 20, 2017, 08:37:17 AM

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 begins to lose value in the eyes of the public then bitcoin is going to gain value not only because the dollar will be weaker but because it will win in market share since more people will being to use it instead of the dollar and when that happens bitcoin price will probably skyrocket.

In my thought if you will never win in the market share. I think you are forgeting if the price of bitcoin pegged with dollar as the main reason to be determine the excat decimal for bitcoin itself at the end of the calculation. Remember dollar still has domination in the real currency.

Sled

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Quote from: Yuhee on June 24, 2017, 02:35:43 AM

Quote from: Jikalau on June 24, 2017, 02:04:20 AM

Quote from: densuj on May 20, 2017, 08:44:15 AM

Quote from: shamzblueworld on May 20, 2017, 08:37:17 AM

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.

I think if $ fall does not affect the bitcoin price.

Bitcoin will increase if the bitcoin enthusiasts increase and some altcoin prices fall

yap and it will just be converted to other unit of currency. It is just that dollar is the most currecny that is traded around the world but when USD failsmost in the stock market and economically the prices would go imbalance therefor affecting other currencies then by that time it come to worst it could also affect btc so. Yea btc will be affected not instantly but in a way but not very heavy off course.

Bitcoin will not get affected because of the fall of USD because they have opposite kind, bitcoin is decentralized and USD is centralized. If USD falls then there is nothing we can do while if Bitcoin falls then it is not about the economic fall of a currency it is because of the demand and it is not that bad for bitcoin to fall because it will just give opportunity to other people to buy more bitcoin which is blessing in disguise.

Yuhee

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Quote from: Jikalau on June 24, 2017, 02:04:20 AM

Quote from: densuj on May 20, 2017, 08:44:15 AM

Quote from: shamzblueworld on May 20, 2017, 08:37:17 AM

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.

I think if $ fall does not affect the bitcoin price.

Bitcoin will increase if the bitcoin enthusiasts increase and some altcoin prices fall

yap and it will just be converted to other unit of currency. It is just that dollar is the most currecny that is traded around the world but when USD failsmost in the stock market and economically the prices would go imbalance therefor affecting other currencies then by that time it come to worst it could also affect btc so. Yea btc will be affected not instantly but in a way but not very heavy off course.

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Quote from: densuj on May 20, 2017, 08:44:15 AM

Quote from: shamzblueworld on May 20, 2017, 08:37:17 AM

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.

I think if $ fall does not affect the bitcoin price.

Bitcoin will increase if the bitcoin enthusiasts increase and some altcoin prices fall

freebutcaged

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A few days ago I was talking with my father about cryptocurrencies and their ever growing market shares and suddenly he said:

I think they are trying to weaken USD, they are trying to make it worthless and then after a while they will slowly replace it with

These new form of money, digital and more importantly decentralized, he said they are trying to take back what they gave those

Governments years ago. the control over monetary system, and I was like my jaw dropped on the floor of surprise because he doesn't

Even know how to properly handle a browser to even try to browse the internet, so when someone from a different world than our world

Looks in to crypto they see it as a revolution in financial section.

Barbarian

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Quote from: densuj on May 20, 2017, 08:44:15 AM

Quote from: shamzblueworld on May 20, 2017, 08:37:17 AM

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 begins to lose value in the eyes of the public then bitcoin is going to gain value not only because the dollar will be weaker but because it will win in market share since more people will being to use it instead of the dollar and when that happens bitcoin price will probably skyrocket.

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Quote from: jorneyflair on June 23, 2017, 07:26:48 AM

Quote from: duranv on June 22, 2017, 10:00:59 PM

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.

https://upload.wikimedia.org/wikipedia/commons/e/ef/U.S._Monetary_base.png

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.

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Quote from: duranv on June 22, 2017, 10:00:59 PM

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.

There could be a worldwide panic that causes the people within the United States and other Countries to exchanges all their money into a specific foreign currency that will allow them to hold close to the same value amount that they've started with. Bitcoin can begin that type of disaster, it would just require some time for it to happen.

Vishnu.Reang

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Quote from: shamzblueworld on May 20, 2017, 08:37:17 AM

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?

The chances are quite low. The United States Dollar is only going to "fall to the ground", if some catastrophe befalls on the American economy. Can you imagine a world without the USD? It will be impossible to conduct the international trade, and the Forex sector will be in complete chaos. Even the national debt of almost all the nations are denominated in the USD.

jorneyflair

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Quote from: duranv on June 22, 2017, 10:00:59 PM

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.

megynacuna

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Quote from: duranv on June 22, 2017, 10:00:59 PM

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.

Exactly, I'm also beginning to contemplate why would the USD fall and not any other fiat currency in the world because should that happen then all currencies in the world must have been wiped out already and there wouldn't be a basis for holding the USD. Bitcoin is decentralized and are controlled by the people who have invested in it and so it is independent of all other currencies.

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Quote from: shamzblueworld on May 20, 2017, 08:37:17 AM

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?

Bitcoin is decentralised so it won't really affect it in my opinion and sometimes when currencies fall bitcoin profits off it. But why would USD fail, seems pretty impossible? If USD does fall our whole world's market will be affected because most of the people in the USA will be poor and probably homeless, except the people invested into gold and other things

duranv

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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.

Omega Weapon

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Quote from: aesma on June 19, 2017, 05:50:33 AM

Quote from: jaysabi on June 18, 2017, 11:44:07 AM

There's generally two ways to look at the relationship between USD and btc. The first is that bitcoin has intrinsic value indpendent of USD, so if the USD falls, btc (while indpendently stable) will "appreciate" in value relative to the USD. An offshoot of this is that the failing dollar would send people piling into btc, which would push the price up. The opposite of this view is that it's excessive wealth created by the stable value of the USD that creates the wealth necessary to allow people to speculate on bitcoin, and if the world's most stable currency failed, people would flee the riskiest assets in a massive flight to safety, which would tank the bitcoin price.

Personally, I fall into this second group. The failure of the dollar would tank the world economy, bitcoin included, which is the king of speculative assets. People will flee speculative assets and pile into traditionally safe assets, which would include gold, silver, and probably the Euro and Yen as the remaining stable fiat currencies.

However owners of Bitcoins include non traditional "investors". For example the mass of Chinese people owning Bitcoins don't really have the option to go back to anything safer.

Anyone that has more money invested in bitcoin than in any other investment option is by definition a non traditional investor, personally I think that if the dollar falls then most of the currencies of the world will fall as well since they are pegged to the dollar, that means that people will need to find another way to make transactions and bitcoin will be there to fill the void.

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Quote from: John Wick on June 21, 2017, 04:09:32 PM

Quote from: passionsurf on June 21, 2017, 03:54:56 PM

If USD falls, that just means that people (mostly banks) are selling USD for other fiat currencies. If banks start selling their USD for bitcoin though, then bitcoin will go through the roof as USD falls. So it really depends on which currency the banks are mostly investing in.

If the banking system collapses, what are you gonna do with your bitcoins even though it go through the roof as you said? Have you ever imagined you can't even spent or cash them out.

Bitcoin's goal is to be a currency, you can already spend it in some shops. "Cashing out" becomes meaningless then, just like you don't "cash out" of your local fiat currency.

Of course in practice if the global banking system collapses then everything will go to shit so who know what will happen to Bitcoin ? It might die in the process.

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Quote from: John Wick on June 21, 2017, 04:09:32 PM

Quote from: passionsurf on June 21, 2017, 03:54:56 PM

If USD falls, that just means that people (mostly banks) are selling USD for other fiat currencies. If banks start selling their USD for bitcoin though, then bitcoin will go through the roof as USD falls. So it really depends on which currency the banks are mostly investing in.

If the banking system collapses, what are you gonna do with your bitcoins even though it go through the roof as you said? Have you ever imagined you can't even spent or cash them out

Not sure about bitcoins exactly

Bitcoin will likely remain a speculative asset mostly (due to scaling issues and all the infighting that surrounds the resolution of them), but some other coins (say, Litecoin) may quickly replace fiat as a means of payment and exchange for goods and services. In other words, Bitcoin and a few other cryptocurrencies will be used as real currencies in commerce (as it intended from the start), and people will start buying things with them

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Quote from: itsallpc on June 21, 2017, 07:42:48 PM

Quote from: shamzblueworld on May 20, 2017, 08:37:17 AM

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 already more people are switching from USD to bitcoins.If USD falls,then more people would leave USD and start buying bitcoins.It would increase the demand for bitcoins and bitcoin price would go more higher.If such situation continues,then more countries would start to accept bitcoins as medium of exchange instead of USD.

No one is "switching" from USD to bitcoins, they are buying bitcoins on the belief the value will go up but they aren't actually transacting in bitcoins. At least this is true for the vast majority of people.

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Quote from: shamzblueworld on May 20, 2017, 08:37:17 AM

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 already more people are switching from USD to bitcoins.If USD falls,then more people would leave USD and start buying bitcoins.It would increase the demand for bitcoins and bitcoin price would go more higher.If such situation continues,then more countries would start to accept bitcoins as medium of exchange instead of USD.

Topic: If USD falls - page 22. (Read 12303 times)