Topic: My question about bitcoins economical shift - page 4. (Read 536 times)
fiat isn't going to collapse very quickly even if it does. The major economies and governments have too much power right now to allow that. If/when it does happen then other things will just be priced against goods. Like gold used to be priced against everything like milk, eggs etc.
Dollar is backed up with debt at least.
And debt is backed by humens as collateral to this debt.
So bitcoin is backed by faith?
And why cant be bitcoin price calculated with euro?
2 indicators bad things what going on in usa now is:
Credit freezing.
And trade war with china.
Nothing good for the dollar.
So if there no more good fiat currency to compare btc price and calculating then who will make that judgement with what the btc price will be calculated?
Are the bitcoin users ?
Cmon...guys im sure 100% few people here knows exacly how the bitcoin price will be calculated... as few people here have some special connections and special education background i would like to hear from them the answer.
Because current economic situation will change alot about cryptocurrency too.
Im sure in few days and we see huge usa stock market crash !!
So its good to be prepared and to stay safer side
And debt is backed by humens as collateral to this debt.
So bitcoin is backed by faith?
And why cant be bitcoin price calculated with euro?
2 indicators bad things what going on in usa now is:
Credit freezing.
And trade war with china.
Nothing good for the dollar.
So if there no more good fiat currency to compare btc price and calculating then who will make that judgement with what the btc price will be calculated?
Are the bitcoin users ?
Cmon...guys im sure 100% few people here knows exacly how the bitcoin price will be calculated... as few people here have some special connections and special education background i would like to hear from them the answer.
Because current economic situation will change alot about cryptocurrency too.
Im sure in few days and we see huge usa stock market crash !!
So its good to be prepared and to stay safer side
legendary
Activity: 2380
Merit: 4265
eXch.cx - Automatic crypto Swap Exchange.
Lets say all the fiat money will be gone and crypto currency will be used how the bitcoin price will be calculated??
Then there'll be no need for conversion, so no fiat price tag. It's due to the conversion from Crypto to fiat that the price tag get placed on bitcoin.
Example, satoshi will be used in place of the fiat currency.
Lets say you were to buy an iphone which cost $1000 but as fiat is no more to determine the price in usd, you can buy it (iPhone) for 0.151satoshi and no longer $1000 worth of bitcoin.
Bitcoin will take the place of USD and will be used to determine the price of altcoin
Perhaps by the time the dollar loses its position, bitcoin will receive such quality as purchasing power. This will determine its value. Let's say for 1 bitcoin it will be possible to buy so much gold, or oil or land, and the like.
...
Lets say all the fiat money will be gone and crypto currency will be used how the bitcoin price will be calculatwd??
If the dollar is falling the USDT...virtual currency will be still the base currency for crypto?
Lets say all the fiat money will be gone and crypto currency will be used how the bitcoin price will be calculatwd??
If the dollar is falling the USDT...virtual currency will be still the base currency for crypto?
If crypto was to replace fiat money entirely (not gonna happen though) then you could expect similar picture as we have right now, just replace USD with BTC etc.
Traders/economists and alike would observe crypto/crypto pairs, while general population wouldn't care too much.
ps Take all the "Dollar is collapsing any minute now!" statements with a grain of salt.
As we know due to high inflation economical situation is very unstable !
Now im if the dollar collapsing then how the bitcoin or other coins value will be calculated??
Lets say all the fiat money will be gone and crypto currency will be used how the bitcoin price will be calculatwd??
If the dollar is falling the USDT...virtual currency will be still the base currency for crypto?
Now im if the dollar collapsing then how the bitcoin or other coins value will be calculated??
Lets say all the fiat money will be gone and crypto currency will be used how the bitcoin price will be calculatwd??
If the dollar is falling the USDT...virtual currency will be still the base currency for crypto?
Jump to: