If USD falls - page 27. | Bitcointalksearch.org

jualidbitmixer

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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?

I think no, if USD fall, bitcoin will still remain and only the value of USD that increase with bitcoin. Actually we don't know though, but we need to know what is the reason why USD fall. If it's big i'm sure it will affect the price of bitcoin. Or people will start invest on bitcoin because people afraid on USD.

Faiyz

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Dijual

Quote from: aesma on June 13, 2017, 06:22:45 PM

I live in France and to me investing in BTC is in part investing in dollars. During the last couple of years the euro fell from 1.5$ to less than 1.1$, and this means my BTC grew in euros more than they would have otherwise. So it helped protect my savings

That's the same for me also in the Philippines except if dollar is decreasing in the world market the price would for our situation would increase but if dollar increased in the market, the price would decrease for us. So it is actually confusing even with just low amount of btc like 10mbtc, we can actually live for 3 days on budget.

aesma

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I live in France and to me investing in BTC is in part investing in dollars. During the last couple of years the euro fell from 1.5$ to less than 1.1$, and this means my BTC grew in euros more than they would have otherwise. So it helped protect my savings

buenav

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Quote from: warrior333 on June 13, 2017, 02:11:48 PM

The greenback cannot fall too low. The us Federal reserve can always adjust the course. The economy in USA is one of the strongest in the world so I'm sure that with the dollar, nothing will happen.

I agree to an extent but the greenback has fallen during many periods throughout history (relative to other fiat currencies), but no matter how well bitcoin or any other alt performs it will never completely replace the fiat world.

I period of high inflation though could see a spur in bitcoin prices well above said inflation rate.

angaper

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Over a couple of years I have been involved in the bitcoin world, I have not found a direct correlation between the performance of the American currency and bitcoin. And as a reference it is enough to recall the last great event that caused the world's stock markets to face a black day and led most of the major currencies to record historical volatility, reaching many of them historically low prices: the Brexit.

That fearsome event happened absolutely unnoticed for bitcoin, which did not register a significant movement that day, so I do not think that an eventual fall of the dollar would result in a significant movement in the price of bitcoin.

HaXX0R1337

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

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 there is a crisis with the American dollar then we will have Euro and pound,one thing is certain that the price of bitcoin will rise as people will be investing their money into bitcoin,what does the price of bitcoin has to do with the fall of Indian currency,i could not see any link in google that says about the fall of Indian rupees,from where you got these information.

douglock

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Quote from: Idrisu on May 22, 2017, 02:29:39 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?

If USD fall then expect bitcoin to pump to $100,000 bitcoin American will lose it dominant on world economy and one of those countries that adopt bitcoin early will become a dominant countries. By then bitcoin will take it position as the world currencies which cannot be control by one country, group and person.

LOL. I do not think so. There are many countries relying on USD and if the USD falls, they will also fall and create a crisis in the whole world economy. Although no one here likes the USD but I do not think that it is a good idea to hope that the USD will fall

webtricks

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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?

Ok, first of all we need to understand Bitcoin has no independent value. We all measure its value in USD and other fiat money depending upon demand in that particular region or country.
So if USD gonna crash too much, bitcoin gonna worth much more dollars but in reality its value going to be same as and when compared to other fiats.

warrior333

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The greenback cannot fall too low. The us Federal reserve can always adjust the course. The economy in USA is one of the strongest in the world so I'm sure that with the dollar, nothing will happen.

cellard

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The USD will simply not fail, and you can't call it a scam. It's a legal currency, accepted everywhere. I don't see how trust would be destroyed to the point you can consider the USD failed. I've heard boom and gloomers predicting the fall of the dollar for a long time, they have made a professional career out of it. Guys like Berwick or Alex Jones. Well call me when the dollar fails because if it actually happens I would guess my BTC would be worth a ton. Right now I dont have enough BTC to even care. I will just let them sit there and forget about it and see what happens.

Kizaki

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There are alot of possibilities that may happen if usdollar fails in the market or losses its value,as a base currency of all the country in the world it will really affect alot in the market negatively and possitively.It may cause rising up of other currency and may cause a fall down too

ladydark

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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?

Already bitcoin is gaining attention all over the world and is considered that it would replace US dollars in the future.If USD falls,then definitely,investors would shift to bitcoins which would increase demand for bitcoins and it would result in increase in bitcoin price.Also,bitcoin would be valued against any other currencies like Euro,Yuan,etc.

Karmakid

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Bitcoin will adopt in the usd change rates and will not totally affect bitcoins i think,one thing may happen is bitcoins convertion into usd will be alot higher depending on how much the usd will fall

shamzblueworld

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Quote from: btcjoin14 on May 20, 2017, 06:53:24 PM

If the United States Dollar loses its value then I am pretty sure that people will begin to use a different Currency (Gold). Since Gold been around for a while I am pretty sure that the people in the IMF want to group Gold with something that they can build as well so they won’t feel so powerless when they make Gold as a payment option.

Bitcoin does not seem like the thing that people will want if it’s not really tied to anything.

Thanks for your comment, now I understand how can this impact the bitcoin value, as you said people might start to buy bitcoin with their USD which will increase its value, so from this we can presume that this will happen with every major currency from the world?
Imagine if people from Kuwait start to hold their wealth in bitcoin... it will shoot to another galaxy then.

HTracer

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Like it or not but dollar is still a backbone of trade worldwide. If USD collapses sharply, outcomes would be disasterous. I do hope it's gonna be long transition and relatively slow declining dollar. I think it would be better for bitcoin too.

Przemax

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If usd falls, my currency and probably the euro currency will be the fallen currency already. I do not think that usd will lose the currency war. It has a too dominant position.

People are spreading such an informations to gather a better possition in the currency wars against the dollar. If the rumour of someones weakness will strike true, it makes that entity force weaker because of self fulfuling prophecy. The enemy of that entity is stronger using the same mechanism of self fulfiling prophecies, by boosting their self confidence.

I think its just a rumours about the dollar collapse, that are spread by such a countries like Germany and China. Their currency in my opinion are in a worse shape than dollar.

What does it means for btc? With each and every such a rumour, its users numbers will rise.

Aztek

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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?

actually the cryptocurrency is nothing to do with the real world currency because the bitcoin is like a product there's a limitation so basically the price depends on the people supporting it so the bitcoin will not be affected as long as the people behind it is still supporting bitcoin.

avikz

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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?

USD is the most widely used currency for international trade, that's why it can't be devalued so easily like many other currencies of the world. The demand for USD is always high and I don't see that decreasing anytime soon. Till the time demand remains solid, there is no reason to worry.

But if, USD price falls to ground, crypto users will have a reason to worry because bitcoin is mostly compared against USD worldwide. So it will have some adverse effect on bitcoin overall value as well.

shadelockme

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I think it will makes price of bitcoin increase if the USD falls because it will takes impact on price of bitcoin, USD being major currency will impact the price of bitcoin as compared to any other currency. Also note that most of the bitcoin users are from the background where try use USD as primary currency

stompix

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Quote from: Idrisu on May 22, 2017, 02:29:39 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?

If USD fall then expect bitcoin to pump to $100,000 bitcoin American will lose it dominant on world economy and one of those countries that adopt bitcoin early will become a dominant countries. By then bitcoin will take it position as the world currencies which cannot be control by one country, group and person.

If the us dollars falls to 0 expect bitcoin to drop to 0 also.
And not only bitcoin but 99% of the economy.

When the us economy made a wrong step 10 years ago the whole world entered crisis and chaos.
Just imagine it x100.

I'm tired of people waiting for a catastrophe to see btc reaching new heights.
There is no need for that and god forbids it will happen.

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