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Topic: What if US Dollar Crashes? - page 12. (Read 57086 times)

sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
December 15, 2016, 05:06:08 AM

The US may be in debt, but that doesn't mean they're close to collapsing. They're being pushed towards collapsing because the US has served its purpose for those who own the politicians, banks, etc., and the US is losing a majority of the value it used to have.

It will likely continue for a long time, but it is definitely being tested. Hillary would have ensured that the US would have devolved into a less-productive country (note a lot of the survey after the election), but Trump presents a wildcard. We have yet to see what happens.
yes it will continue for a long time. but USD is in its full flash and is the king of all currencies, and there is not such big issue related to USD therefore there are very less chances that USD will crash,

Though this very difficult in the near future is not impossible because there are the conditions that USD may collapse. The debt to GDP is over 100% that means repay of dept will be with cheaper money if US government decides a small devaluation. Secondly his strength is based on reserves of foreign currency banks. If the latter lose their credit to dollar then another fiat must replace it. Euro after the crisis in eurozone is weak with uncertain future. China, although holds a big part of US dept will not left behind for a long time if believes that RMB can replace dollar and maintain their current economic growth.
hero member
Activity: 532
Merit: 500
December 15, 2016, 12:55:33 AM
I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?
I don't think that it will happen because USD is the unit of about every currency at international level that making the USD more powerful . So usually daily increase in the value of btc instead of Down .

It can happen because US now is on a big debt to many countries and private institutions. And if this happens, then the world government will find a way to have another currency that can be reliable for the world economy. I am thinking about Chinese Yuan will replace the position of US government, no doubt China has good economy.
The US may be in debt, but that doesn't mean they're close to collapsing. They're being pushed towards collapsing because the US has served its purpose for those who own the politicians, banks, etc., and the US is losing a majority of the value it used to have.

It will likely continue for a long time, but it is definitely being tested. Hillary would have ensured that the US would have devolved into a less-productive country (note a lot of the survey after the election), but Trump presents a wildcard. We have yet to see what happens.
yes it will continue for a long time. but USD is in its full flash and is the king of all currencies, and there is not such big issue related to USD therefore there are very less chances that USD will crash,
hero member
Activity: 490
Merit: 520
December 15, 2016, 12:41:22 AM
I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?
I don't think that it will happen because USD is the unit of about every currency at international level that making the USD more powerful . So usually daily increase in the value of btc instead of Down .

It can happen because US now is on a big debt to many countries and private institutions. And if this happens, then the world government will find a way to have another currency that can be reliable for the world economy. I am thinking about Chinese Yuan will replace the position of US government, no doubt China has good economy.
The US may be in debt, but that doesn't mean they're close to collapsing. They're being pushed towards collapsing because the US has served its purpose for those who own the politicians, banks, etc., and the US is losing a majority of the value it used to have.

It will likely continue for a long time, but it is definitely being tested. Hillary would have ensured that the US would have devolved into a less-productive country (note a lot of the survey after the election), but Trump presents a wildcard. We have yet to see what happens.
legendary
Activity: 1066
Merit: 1050
Khazad ai-menu!
December 15, 2016, 12:04:14 AM
Currency itself isn't necessary tool for economics.
In long run - blockchain based barter will takeover

If currency weren't required, it wouldn't exist. Without currency, you would have to use barter, and that would quickly lead to subsistence economy which could support only basic needs through primitive agriculture, fishing, hunting, gathering, and such things. There would be no commodity production, and people would soon end up living in caves, huts, and dugouts.

Nonsense.  Currency IS a form of barter, just like a square IS a rectangle. 

Trade is required, sure ..  the thing we trade with most often we call a currency.  Different types of barter are indicative of ADVANCED traders, not primitive ones - who simply use the default route which doesn't require negotiation.   

What is nonsense exactly? Even if currency is a form of barter, this doesn't mean that currency is not required for the economy. Though I would still prefer to distinguish between direct exchange of goods known as barter and the exchange with the help of a money token. In this manner, the difference between these two types of exchange may lie in the fact the money token itself may only be used for mediating exchange, for example, fiat money or Bitcoin itself.

The part that I thought was nonsense was that people would go back to living in caves because of some difference in financial units.  The cat is out of the bag in terms of the knowledge of cement, metallurgy, and even photolithography on semiconductors.  That stuff works, and the sun continues to shine,  no matter how people prefer to trade with each other. 
hero member
Activity: 2072
Merit: 503
December 14, 2016, 10:11:53 AM
I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?

dollar crash and down bitcoin price can up
but dollar if not major in bitcoin trading with pair fiat money
in major pair is yuan, bitcoin/yuan is trend bitcoin price, all exchanger follow trend in huobi and okcoin
in there if the first rank and second rank the best volume transaction in trading
dollar crashes and down not only make bitcoin price rises, but it makes the price of currencies in the world to rise. I think this will be very advantageous situation for traders to take advantage of going. but, I think it would also lead to the economic crisis in some countries.
hero member
Activity: 742
Merit: 526
December 14, 2016, 09:57:35 AM
Currency itself isn't necessary tool for economics.
In long run - blockchain based barter will takeover

If currency weren't required, it wouldn't exist. Without currency, you would have to use barter, and that would quickly lead to subsistence economy which could support only basic needs through primitive agriculture, fishing, hunting, gathering, and such things. There would be no commodity production, and people would soon end up living in caves, huts, and dugouts.

Nonsense.  Currency IS a form of barter, just like a square IS a rectangle. 

Trade is required, sure ..  the thing we trade with most often we call a currency.  Different types of barter are indicative of ADVANCED traders, not primitive ones - who simply use the default route which doesn't require negotiation.   

What is nonsense exactly? Even if currency is a form of barter, this doesn't mean that currency is not required for the economy. Though I would still prefer to distinguish between direct exchange of goods known as barter and the exchange with the help of a money token. In this manner, the difference between these two types of exchange may lie in the fact the money token itself may only be used for mediating exchange, for example, fiat money or Bitcoin itself.
hero member
Activity: 644
Merit: 500
December 14, 2016, 07:25:10 AM
If us dollar chrashes I think all people in the world will looking for the alternative way. People will not thrust to fiat any more. I think if they didn't use  use gold as payment methode they will use bitcoin.

I think we have the same opinion here. If dollar crashes, people will tend to look other investment option and I think there are significant people that will look after the bitcoin.Though not all but it is a plus factor for bitcoin to appreciate.
According to my views bitcoin is already in the struggle to take the place of dollar which no any other currency is doing right now and any other currency do not have that much tendency. Online businesses already preferring to bitcoin for their dealings and I am sure on other businesses it will also be a favorable currency and bitcoin will take the place without waiting for the natural crash.
hero member
Activity: 868
Merit: 501
Chainjoes.com
December 14, 2016, 07:17:17 AM
I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?

dollar crash and down bitcoin price can up
but dollar if not major in bitcoin trading with pair fiat money
in major pair is yuan, bitcoin/yuan is trend bitcoin price, all exchanger follow trend in huobi and okcoin
in there if the first rank and second rank the best volume transaction in trading
sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
December 14, 2016, 06:51:30 AM
People everyday they have the same fear. Especially when there are periods of a worldwide economic crisis. Interested users would be good to read about Nixon shock https://en.wikipedia.org/wiki/Nixon_shock. It was a form USD collapse. Those years people resorted to gold in times of economic uncertainty. Now they have not only gold but bitcoin too.
hero member
Activity: 1036
Merit: 504
December 14, 2016, 04:49:49 AM
I think with DONALD TRUMP as president the U.S dollar will be fairly stable. He is a businessman and will know how to make the dollar strong enough to hold but weak enough to be competitive. If you notice he as put all business people in his cabinet. He will run the economy like he runs his business to always turn over a profit. If the dollar crashes, all the rich have already got other investments ready.
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
December 14, 2016, 04:38:36 AM
I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?
I don't think that it will happen because USD is the unit of about every currency at international level that making the USD more powerful . So usually daily increase in the value of btc instead of Down .
legendary
Activity: 3150
Merit: 1148
Fully Regulated Crypto Casino
December 14, 2016, 04:30:47 AM
If us dollar chrashes I think all people in the world will looking for the alternative way. People will not thrust to fiat any more. I think if they didn't use  use gold as payment methode they will use bitcoin.

I think we have the same opinion here. If dollar crashes, people will tend to look other investment option and I think there are significant people that will look after the bitcoin.Though not all but it is a plus factor for bitcoin to appreciate.

That is right. If the fiat or the dollar crashes, people will find that the bitcoin is the best alternative to have.

I doubt that in the case of dollar crushing people will look at bitcoin as at the best alternative. There are many people who don't understand bitcoin at all, and this number are higher than the number of bitcoin users.
Not all people will transfer their money to bitcoin but smart people are already doing it now, regardless how strong a currency is there's a chance that it will collapse and it can happen to dollars.
legendary
Activity: 1066
Merit: 1050
Khazad ai-menu!
December 14, 2016, 03:21:33 AM
Currency itself isn't necessary tool for economics.
In long run - blockchain based barter will takeover

If currency weren't required, it wouldn't exist. Without currency, you would have to use barter, and that would quickly lead to subsistence economy which could support only basic needs through primitive agriculture, fishing, hunting, gathering, and such things. There would be no commodity production, and people would soon end up living in caves, huts, and dugouts.

Nonsense.  Currency IS a form of barter, just like a square IS a rectangle. 

Trade is required, sure ..  the thing we trade with most often we call a currency.  Different types of barter are indicative of ADVANCED traders, not primitive ones - who simply use the default route which doesn't require negotiation.   
hero member
Activity: 742
Merit: 526
December 13, 2016, 10:09:02 AM
Currency itself isn't necessary tool for economics.
In long run - blockchain based barter will takeover

If currency weren't required, it wouldn't exist. Without currency, you would have to use barter, and that would quickly lead to subsistence economy which could support only basic needs through primitive agriculture, fishing, hunting, gathering, and such things. There would be no commodity production, and people would soon end up living in caves, huts, and dugouts.
sr. member
Activity: 294
Merit: 250
December 13, 2016, 10:07:08 AM
If us dollar chrashes I think all people in the world will looking for the alternative way. People will not thrust to fiat any more. I think if they didn't use  use gold as payment methode they will use bitcoin.

I think we have the same opinion here. If dollar crashes, people will tend to look other investment option and I think there are significant people that will look after the bitcoin.Though not all but it is a plus factor for bitcoin to appreciate.

That is right. If the fiat or the dollar crashes, people will find that the bitcoin is the best alternative to have.

I doubt that in the case of dollar crushing people will look at bitcoin as at the best alternative. There are many people who don't understand bitcoin at all, and this number are higher than the number of bitcoin users.
newbie
Activity: 60
Merit: 0
December 13, 2016, 09:47:33 AM
If us dollar chrashes I think all people in the world will looking for the alternative way. People will not thrust to fiat any more. I think if they didn't use  use gold as payment methode they will use bitcoin.

I think we have the same opinion here. If dollar crashes, people will tend to look other investment option and I think there are significant people that will look after the bitcoin.Though not all but it is a plus factor for bitcoin to appreciate.

That is right. If the fiat or the dollar crashes, people will find that the bitcoin is the best alternative to have.
newbie
Activity: 12
Merit: 0
December 04, 2016, 09:27:00 AM
Currency itself isn't necessary tool for economics.
In long run - blockchain based barter will takeover.

Everything has own marker value. If this value is greater then zero, it can be exchanged to anything else.
Any asset can be represented as digital tokens, divisible and exchangeable.

Just wait for a day when someone buys first Pizza paying shares of his house or minutes of his work time. In fact, pizza seller doesn't care about this house shares, he will receive tokens what HE needs: all cross-exchange can happen instantly on global distributed market.

Other thing is measure of value, to set prices and valuate assets. For this can be used calculated Units of account, anchored to real economic. Currencies with rates, linked to this units can be "printed" by many independent issuers as well as smart contracts, and market will choose the best of this competitors.
 Grin
hero member
Activity: 1414
Merit: 505
Backed.Finance
December 04, 2016, 08:44:58 AM
If us dollar chrashes I think all people in the world will looking for the alternative way. People will not thrust to fiat any more. I think if they didn't use  use gold as payment methode they will use bitcoin.

I think we have the same opinion here. If dollar crashes, people will tend to look other investment option and I think there are significant people that will look after the bitcoin.Though not all but it is a plus factor for bitcoin to appreciate.
legendary
Activity: 1008
Merit: 1060
December 04, 2016, 08:30:35 AM
If us dollar chrashes I think all people in the world will looking for the alternative way. People will not thrust to fiat any more. I think if they didn't use  use gold as payment methode they will use bitcoin.

We can't say that for sure because fiat is so strong right now that even if USD crashes, people might just carry on with using their own local currencies. Only the people that use USD mainly will significantly be affected. And since that would surely be in the news, I think that's a good time to introduce bitcoins to people. If we do that, then people finally found the alternative money that they're looking for.
sr. member
Activity: 364
Merit: 250
December 04, 2016, 07:37:17 AM
If us dollar chrashes I think all people in the world will looking for the alternative way. People will not thrust to fiat any more. I think if they didn't use  use gold as payment methode they will use bitcoin.
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