Topic: If USD falls - page 29. (Read 12303 times)

The fall of any of the existing fiat currencies wouldn't have any effect on Bitcoin including the US dollar. You might be using the dollar as the exchange for your Bitcoin but it's not th same with everybody. We can as well change from the Bitcoin to dogecoin, litecoin, Ethereum etc.

While there are billions of people from the third world countries who line up everyday to buy every single piece of USD there is, USD can't fall. Even if the USA goes bankrupt, its money (USD) will always have a value because of those people.

Here is another thing; If USD fails (or falls), the other FIAT currencies will go down with it. If you really had to use the phrase "too big to fail" one day, you should use it for USD, not even Deutsche Bank.

And if we talk about bitcoin... Bitcoin's value is still pegged to USD. Just like Gold. One cannot exist without the other. However, bitcoin has a huge advantage of being mobile over gold. People don't use gold for buying stuff in this age, they only hold it because it has a storage value. Bitcoin has that storage value just because it is bitcoin and it did something the others never did before, so bitcoin will have a historical value from now on no matter what happens, plus, we can use bitcoins to buy actual stuff -unlike gold. So, if bitcoins becomes big enough it may replace every other fiat currency there is. (If it replaces USD, it replaces the others too) This also means there won't be any borders between the countries, because there will be only one country with one currency.

1- USD can't fall.
2- Bitcoin can't replace USD unless bitcoin becomes thee USD.

But indirectly it can affect Bitcoin since the USD roots deeply especially in a global scale. With the countries and people who are associated deeply in USD will affect them and the market. It is not the Bitcoin who is not directly hit but the people who are using it and some of these people use, buy, and sell Bitcoin hence with the hit on their financial life it will affect Bitcoin which the degree depends on how many users are there using USD. So, yes it will affect Bitcoin.

Actually is not going to affect bitcoin at all, but it will seems like bitcoin become more expensive in dollar, we only used dollar as the exchange rate, if we change it to other currency then it won't affect bitcoin at all, fiat won't have any effect on bitcoin

In past, we have observed the economic instability of any country (like Greece faced) will be always influencing into bitcoin ecosystem positively. This is because people will be moving their savings into bitcoin because their fiat may lose buying power over time. Other than this, when dollars find weakness, investors and traders will be moving their investments out of dollars into alternative investment like gold, silver and with the new addition of this list, bitcoins.

the value of bitcoin would be higher in fiat, but since one 1 usd will be worth less the value against other currency like euro will be lower, i guess we will see more trading between bitcoin and euro or cny or other fiat currency, nothing major will change in the end

Let's clear that the USD will never crash to the point where other currencies you are making reference to have fallen and even of that happens I don't see any relationship it will affect bitcoin because bitcoin is independent and its just being expressed as a fiat for easy understanding and if dollars should fall, all I need to do is to change the currency of translation but also when that happens the effect will also be on other currencies as well.

Bitcoin directly or indirectly has some dependence on USD. So always the fall of USD will make an impact on the bitcoin price. Hopefully more adoption will take place, as well a big impact will be experienced on the entire world economy if USD value continues to crash causing the value increase of the developing countries.

How do you define "fall to ground"?

In any event, if there's a decline in the value or global use of the US Dollar it could only affect bitcoin for the positive. People with USD holdings may choose to shift more of those holdings to Bitcoin (if not another currency).

Which fiat currency do you have the greatest exposure to?


Where has that been proven? Please provide links or evidence....education for us. Thank you.

It is proven that If USD will fall all ecomic aspects on all the world will falldown also and we experience that before when global ecomic crisis are occuring. And How come it has been link to bitcoins will bitcoin is standing alone as crypto currency and maybe if USD will fall then bitcoin would be one of the greater choice of those techno geek people to used for their E-transaction maybe it can give a good boost and not those bad thing that we think.

Independent it is valued relative to other currencies so if the USD collapses it would rise relative to other currencies. It might impact the purchase decisions of individuals though depending on where they convert their currencies, example US investors would have less purchase power so the price could drop on decreasing demand unless that is offset somewhere else etc.

Definitely,it will effect the bitcoin value.More people would start shifting to bitcoins as a result of distrust on US dollars.Bitcoin adoption would get more,especially in america.Due to more transactions,transaction fee would also rise high.

Yeah and there are other currencies that can be used to convert btc. USD is just the most popular currency so we think it is just based on dollars. It might affect the entire market but btc is universal and it may fail in one region but there are other regions where it can be of use and i think its downfall would be tackled when the whole internet would crash or if just like the enigma that if a certain person can come up with a counter to notice the pattern of it's algorithm then that is it's downfall. Which i doubt it would happen.

Bitcoin is unique in the fact that it only fails when the community fails with it, in essence. As such, Bitcoin might just end up being extremely adaptable to whatever happens in the world, simply changing the currency it is pegged to from one to another, never really stuck to anything. Flavor of the century, if you may.
Savy investors may get involved with Bitcoin to protect their assets in case the USD starts to fail, and that would make the value rise, and then Bitcoin would end up pegged against something else. Basically a constant circle that never effectively resolves itself.

The value of Bitcoin will not change if USD falls to the ground. It is like right now. 1 Bitcoin is worth 2000 USD, but worth 2700 AUD. Bitcoin will just be worth more USD when USD falls.

If USD would fall then that will be fruitful for Bitcoin, Bitcoin needs more space to show its power. In this current era, USD is dominating money market so if it loses its value or acceptability then Bitcoin will be the replacement of it.
But, regarding this matter, Bitcoin have to follow some strict rules and regulations.

Bitcoin is independent. We just have to look at the purchasing power of Bitcoin, not its value in USD terms.
More than anything, if the USD falls there will be a vacuum at the world level. If Bitcoin's adoption is high enough, Bitcoin may fill that vacuum.

If USD falls then it will be a good one for bitcoin because the USD rate will be low and it will be a good entry point for the people who have USD to afford more bitcoin in their investment and it will help the bitcoin to get high price in the future but as of now, USD is strong and stable so it is not possible yet for USD to fall.

I agree with you, there is not reason at this moment to see the Dollar falling. It's too hard to think about it now because makes no sense. Another currency would become powerful like Dollar is now, maybe Bitcoin, but only if it's used as currency and not asset as we use it now.

I don't see a potential scenario where the US dollar falls so much because the American economy is still very important and strong, and I think it is more likely to see a great failure in the altcoin economy rather than in the American hegemony, at least for the next 30 years.