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.
Topic: If USD falls - page 25. (Read 12303 times)
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?
If the US dollar fell to ground then there are other strong currencies where people would move for trading and other purposes and it would not hurt bitcoin in any way,but i do not see that happening because if the US dollar would have failed they would have when the recession hit and the dollar was tanking,but it never happened and it will not happen. 
Bitcoin and USD is very different and you are right because if USD price falls then it is just temporary and it is not that a big deal because you can still use your money to buy things with almost the same value while in bitcoin it is a very big deal if the price falls because you can't buy the things that has the same price in bitcoin. If USD falls then it will be a small problem but if you want to be safe in inflation then just store your money in bitcoin.
I would argue exactly the opposite. Bitcoin price drops are only temporary, whilst if you see a fiat collapse, it usually will collapse alongside the country itself. Because the fiat is attached to its country a collapsed fiat currency rarely gets revived, unless it gets revalued
I would put it another way
When fiat dramatically drops in value (not necessarily collapse), it rarely goes back since it is more often than not either the result of economic incompetence on the government part or the effect of their deliberate efforts aimed at devaluing national currency. The total collapse of fiat money usually follows the ultimate failure of the state, but before finally kicking the bucket and sinking into oblivion governments try to postpone their end by devaluing the currency. Obviously, with decentralized and hard capped currencies this is simply impossible (like gold or 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?
Already,USD is in its final stage as global reserve currency.More people are interested to hold bitcoins instead of USD.In such a situation,if USD falls,certainly it will make bitcoin price rise higher.More investors would start buying bitcoins.It would have a direct positive impact on bitcoin price. 
I am also of the opinion that the price of bitcoin will increase more higher because many people have their money invested in dollar and some have saved their money in dollar but when the price of dollar will fall then people will search for other good currency which will be easily used for international use then they will find bitcoin for that purpose.
First tell me how it will fail.it is not computer code which will be affected by something.price of usd may fall with respect to some other currencies but will never fail. Do not misunderstand usd and bitcoin , bitcoin has become a new investment asset but it cant take place of usd as it is not stableCurrencies are certainly not computer code
But that doesn't mean that they can't fail. Even whole countries can fail, they are called "failed states". For example, Somali is considered a failed state, while Zimbabwean dollar a failed currency. A failed currency means that no one gives a fuck about it, i.e. no one is going to exchange even shit for it. If you think that the US dollar is somehow conceptually different from its Zimbabwean cousin, you may have to reconsider your point
^This.
Fiats are currently safe to hold your wealth in because people perceive as it being safe. As soon as people panic due to some sort of negative news, then fiat will collapse. The financial crisis in 2008 came close to disrupting the whole debt cycle, but they decided to bail out the banks by printing more and more fiat.
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 would argue exactly the opposite. Bitcoin price drops are only temporary, whilst if you see a fiat collapse, it usually will collapse alongside the country itself. Because the fiat is attached to its country a collapsed fiat currency rarely gets revived, unless it gets revalued.
I am also of the opinion that the price of bitcoin will increase more higher because many people have their money invested in dollar and some have saved their money in dollar but when the price of dollar will fall then people will search for other good currency which will be easily used for international use then they will find bitcoin for that purpose.
First tell me how it will fail.it is not computer code which will be affected by something.price of usd may fall with respect to some other currencies but will never fail. Do not misunderstand usd and bitcoin , bitcoin has become a new investment asset but it cant take place of usd as it is not stableCurrencies are certainly not computer code
But that doesn't mean that they can't fail. Even whole countries can fail, they are called "failed states". For example, Somali is considered a failed state, while Zimbabwean dollar a failed currency. A failed currency means that no one gives a fuck about it, i.e. no one is going to exchange even shit for it. If you think that the US dollar is somehow conceptually different from its Zimbabwean cousin, you may have to reconsider your point
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.
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.
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.
If the USD falls, bitcoin will surely rule the world, but it's not that easy and will change the paradigm of people to believe and use bitcoin for everyday life. But I also believe that bitcoin slowly do it now we just have to wait for the right time.
USD is not going to fall, it will remain for a long long time. it can only fall if any other fiat or crypto currency become more popular than USD and i think it is not possible in near future. may be in long run when people will start using btcoin and will ignore bitcoin then we can expect that USD will become defame and people will then give preference to 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 own point of view if US dollars falls there might be a possibility that bitcoin could increase. Don't forget many people wants to make bitcoin a legal currency or a legal payment. Someday bitcoin could reach it's goal being the one of the worldwide currency like US dollars. Bitcoin users will increase if that happens and bitcoin will be more popular. 
If the USD falls, bitcoin will surely rule the world, but it's not that easy and will change the paradigm of people to believe and use bitcoin for everyday life. But I also believe that bitcoin slowly do it now we just have to wait for the right time.
Nah, even if hypothetically USD falls there are several other fiat currencies in the line to take over I would say Euro and Pound are next in the line. Bitcoin has a lot of flaws, its nowhere near perfect to become a mainstream currency just yet. 
If the $$ usd losses value people will look to another currency for trade.The euro is the next in line, but should that fail too, crypto currencies would have every chance to stake a major claim as the main currency for international trade.
Don't forget gold too, it has been there since forever and most currencies are backed by it. This is all hypothetical as it would take a major disaster for the usd to crash to such levels.
Don't forget gold too, it has been there since forever and most currencies are backed by it. This is all hypothetical as it would take a major disaster for the usd to crash to such levels.
There are no currencies backed by gold. At least not government backed and not 100% backed by gold.
Again it doesn't matter what the value of the usd is.
Just because it might drop 50% it won;t mean people will stop doing business in $.
Check the yes it's 1:100 to the dollar does it matter? The Italian lira was thousands of times weaker than the euro , the value of one dollar one pound one ruble isn't relevant to it's importance in the market.
If the $$ usd losses value people will look to another currency for trade.The euro is the next in line, but should that fail too, crypto currencies would have every chance to stake a major claim as the main currency for international trade.
Don't forget gold too, it has been there since forever and most currencies are backed by it. This is all hypothetical as it would take a major disaster for the usd to crash to such levels.
I feel that the Euro might fall before the USD does because it looks like there is more people using USD compared to the Euro. If USD does something with Bitcoin then the price of USD could go up though the price of Bitcoin would go sideways or it will have a slow progress in going up.Don't forget gold too, it has been there since forever and most currencies are backed by it. This is all hypothetical as it would take a major disaster for the usd to crash to such levels.
If the USD falls, bitcoin will surely rule the world, but it's not that easy and will change the paradigm of people to believe and use bitcoin for everyday life. But I also believe that bitcoin slowly do it now we just have to wait for the right time.
I guess it will not affect the bitcoin value because even the USD goes down or lower its value bitcoin remain because as decentralized it never depends on anything as long as the demand of bitcoin rises then it is okay nothing to worry bitcoin will continue on rising. But I think the value of USD will not going to get so low as you think because it is so strong as it is.
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 an independent currency and and if the price of USD will fall then it will not affect the price of Bitcoin. But in that case I think the price of Bitcoin will increase more because the users of us deepest search for a source in which they will secure their money and For them Bitcoin will be our best option
If the $$ usd losses value people will look to another currency for trade.The euro is the next in line, but should that fail too, crypto currencies would have every chance to stake a major claim as the main currency for international trade.
Don't forget gold too, it has been there since forever and most currencies are backed by it. This is all hypothetical as it would take a major disaster for the usd to crash to such levels.
Most currencies are not just backed by gold. More specifically, I do not know of any currency in the world which is officially backed by gold reserves of the country. All cash is now a wrapper which at any moment can turn into ashes.Don't forget gold too, it has been there since forever and most currencies are backed by it. This is all hypothetical as it would take a major disaster for the usd to crash to such levels.
What are gold reserves held by central banks in the USA, China etc for then? If not to secure their respective national currency? For some time now central banks around the world have turned from being net sellers of gold to net buyers of gold. with Russia and China accounting for most of the activity.
As we speak, Venezuela is in the process of liquidating it's gold reserves to pay off her debts. The gold standard may have been abandoned since the depression of the 1930's but there is a good reason why central banks keep stockpiling as much as they can afford.
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 an independent currency and and if the price of USD will fall then it will not affect the price of Bitcoin. But in that case I think the price of Bitcoin will increase more because the users of us deepest search for a source in which they will secure their money and For them Bitcoin will be our best optionThat would greatly depend on specific causes of dollar decline
And while it can be said with almost 100% certainty that with dollar crashing the value of gold is going to rise massively, the same cannot be said in respect to Bitcoin. If there is some major war or natural disaster (like the Yellowstone volcano wiping away half of the US territory), then Bitcoin will likely go down together with the US dollar. On the other hand, if the Fed loses its mind and goes totally insane with printing dollars, Bitcoin is set to rise in dollar terms since dollar itself will be quickly losing its value on its own (which is the major difference from other causes like warfare or cataclysms)
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 an independent currency and and if the price of USD will fall then it will not affect the price of Bitcoin. But in that case I think the price of Bitcoin will increase more because the users of us deepest search for a source in which they will secure their money and For them Bitcoin will be our best option Jump to: