Topic: Still dont have a good answer for Plan after the US dollar (Read 436 times)
I hear economists say the US dollar will collapse with the US economy for decades. Even at school, they teach us this. So far nothing has happened, If what you think really happened, then I assume we will go back to the old school method and use Gold as a reference but maybe just virtual gold because conspiracy theorists say America has no more gold or just a few. So we might think of digital gold.
Every crypto enthusiast would wish bitcoin takes over world's transaction medium though it is not easy as the American dollar mooning. One can hope for the collapse of the dollar but the reality of its possibility less than 2%
thats completely not true. bitcoin isnt very popular among cryptocurrency enthusiasts either.
Every crypto enthusiast would wish bitcoin takes over world's transaction medium though it is not easy as the American dollar mooning. One can hope for the collapse of the dollar but the reality of its possibility less than 2%
US has been the chief all of the currencies of the world till now, and Trump has even strengthened the economic value of US even more , so there's no chance of otger currencies getting replaced instead of US. However , if US gets replaced, then it's really going to be a destruction because all this time the whole world has gotten uses to US, besides, that way, I'm not sure about Bitcoin, but the other cryptocurrencies will take over the current financial system, but either way that's not really happening, that's what I think.
I still didnt got a good answer for how to evaluate bitcoin when the us dollar collapses.
the problem is then other huge national currencies. might have a strict, banking cartel gambling ban, or there arent huge amounts of foreign debt abroad, like its the case with the us dollar and the reserves lying around in east asia.
what do you want to do peg and market bitcoin as part of euro?
wont be that easy, euro gambling is by far less than us dollar gambling despite the stupidity of eurobanksters.
regards
the problem is then other huge national currencies. might have a strict, banking cartel gambling ban, or there arent huge amounts of foreign debt abroad, like its the case with the us dollar and the reserves lying around in east asia.
what do you want to do peg and market bitcoin as part of euro?
wont be that easy, euro gambling is by far less than us dollar gambling despite the stupidity of eurobanksters.
regards
If there is not a favorable situation with the dollar, it will affect the global economy, and I am convinced that this will not be beneficial for the cryptocurrency market either.
US economy is very strong that’s why US dollar becoming more stable in the world economy. On the other hand bitcoin is a digital crypto currency. Some countries are holds gold in their central bank but i believe one day bank will reserve bitcoin also.
thats not true actually the us economy is in truth weak, the usa has a vast foreign trade deficit https://de.wikipedia.org/wiki/W%C3%A4hrung#/media/File:Cumulative_Current_Account_Balance.png
You dont need to evaluate the bitcoin valuation when the US dollar collapses because it doesnt matter at all. Bitcoin dont get hampered just because the USD is collapsing itself. Remember that US dollar is just representative unit for the bitcoin which is being used to know whats the value in simple language. Now how do you know how much worth an ounce of gold is ? By saying it is X dollar per ounce, isn't it? What happens when the dollar crushes? It just mean nothing because golds demand and supply defines its prices and thus it doesn't matter whats the USD behaviour is. Same applies for the bitcoin too.
Who told you that the US dollar will collapse?
The dollar will survive all the crypto-currencies.
Bitcoin will be moments to come to life and disappear, but I believe in the very technology of blockchain
The dollar will survive all the crypto-currencies.
Bitcoin will be moments to come to life and disappear, but I believe in the very technology of blockchain
US dollar runs world economy. US Dollar is getting stronger year by year. With Donald Trump's "America First" it is US Dollar to the moon.
Bitcoin is people'e trust for a new system and an alternative asset. Bitcoin will be 3rd tier asset.
Bitcoin is people'e trust for a new system and an alternative asset. Bitcoin will be 3rd tier asset.
This policy is more often known as "shoot yourself in the foot" as you stab your allies in the back and isolate yourself both at home and abroad.
American economy hangs by a thread, which is supported by countries like China, Japan and Saudi Arabia buying their debt. And these buyers don't seem so interested anymore. They'd much rather be selling it actually. So once they sell enough to cause default, who's gonna buy the dollar?
Oh and a euro reserve is impossible. The Euro is propped up by the ECB's frantic printing spree in hopes of getting people to open their wallets and buy useless shit that they don't need. It won't last for long.
I think the current strength of the US dollar is only temporary.
It may last a year or 2, but the deficits are growing, the economic crisis is still here and looming, western societies are more and more divided ...
At one point the printing of fiat money will be so huge that the inflation will be out of control, and cryptos will rise a lot. It may be in 5 years, perhaps 10 years.
It may last a year or 2, but the deficits are growing, the economic crisis is still here and looming, western societies are more and more divided ...
At one point the printing of fiat money will be so huge that the inflation will be out of control, and cryptos will rise a lot. It may be in 5 years, perhaps 10 years.
I think a good choice after the dollar is Bitcoin, and of course the U.S. is powerful enough that the dollar won't collapse soon. In the future, we may see that bitcoin will gain some market share.
I find it hard to believe that the US dollar will collapse and be completely obliterated even by bitcoin. Even if the economy fails, US dollar seem to stand strong but if and when it does, the government might opt for something a little more "reliable" and has been around for a long time, such as gold but only because cryptocurrency has not been that long. Who knows, maybe what you are thinking may happen in the future.
it all depends on America! now we are waiting for September - they will approve or disapprove of the crypto currency, because they postponed this meeting for September, bitcoin fell in price! The dollar will never fail! America is a very strong and influential country all over the world!
I am believe when dollar collapse, bitcoin price will rising. Bitcoin is store of value but in digital form, like gold and silver in our real world. Maybe when dollar collapse, bitcoin can be a world currency beside as store of value
All fiat currencies eventually fail, so it is fact that the Dollar will also meet the same fate. So, we need to look at other countries where their fiat currency failed, to get a answer to your question. One of these countries is Zimbabwe in Africa.
When their economy collapsed and subsequently their fiat currency too, they turned to stronger currencies for more stability. The people started to use the US Dollar and the South African Rand to stabilize the commerce in their country.
So when the US Dollar collapse, people will turn to more stable currencies, like :
•Euro.
•Pound sterling.
•Australian dollar.
•New Zealand dollar.
•Canadian dollar.
•Swiss franc.
•Japanese yen.
When their economy collapsed and subsequently their fiat currency too, they turned to stronger currencies for more stability. The people started to use the US Dollar and the South African Rand
So when the US Dollar collapse,
•Euro.
•Pound sterling.
•Australian dollar.
•New Zealand dollar.
•Canadian dollar.
•Swiss franc.
•Japanese yen.
A a huge number of fiat currencies of the world depend on dollar, though it is very unlikely for it to collapse but even if it does, other currencies will get affected too. In that case resources like gold, oil, gas may replace them. But, in my wildest of fantasies I want governments to accept Bitcoins in such situation as a alternative currency. This is just my opinion though.
I think there is a very little chance of US dollar losing its value. It has been regulated and monitored the best way possible by US government for a long time. Recently, Trump government has made some amendments in their economic policy which has strengthen Dollar's position in world economy. As a result making it impossible to crash in market.
I don't think the dollar will collapse in a short time. At least in Trump's regime, the US dollar is becoming stronger. Perhaps after the maturity of bitcoin development, it may become a plan to replace the US dollar.
I think US Dollar work like a indicator for other fiat currencies just like BTC does for other cryptos. That's why having a dip of value in dollars damages Bitcoin too. But, if value of dollar crashes completely I think Euro or GBP will take the driver seat in terms of evaluating BTC.
US Dollar is the first mover of fiat currencies just like BTC for other cryptos. The reasons why a dip of value in dollars damages Bitcoin gravely. Although, if dollar diminishes, I think GBP will take the lead in evaluating BTC.
there is nothing special about being the first mover, many people run heuristics in their personal situation that resulte in not starting such a projects because they considered certain risks.
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