Topic: What if US Dollar Crashes? - page 18. (Read 57086 times)
The impact of dollar crashing will in a long way affects so many things and not just only Bitcoin. If it will affect foreign reserves of countries denominated in this currency, then I dont see any way it wont affect Bitcoin... In my own opinion on how it will affect Bitcoin is that it will mean more Bitcoin will be chasing large dollars and that will mean I have few Bitcoins with more dollars without nothing to show for it. Couple with the Business that are quoted in dollars...
If so, BTC will become No.1 payment method of the world
yeah you are right that bitcoin will no1 payment methiod in the world because everyone like the bitcoin currency and i hope bitcoin will become a global currency sooner in the future.No, it won't be the no. 1 payment method in the whole world because bitcoin will be affected and it is the most affected crypto currency if dollar crashes. As we know that the price of bitcoin is being dependent to the US dollars, so I don't think it will be a good economy for bitcoin and it will have a domino effect just like other currencies to be affected.
Right. According to coinmarketcap.com the top 5 BTC markets are BTC/USD with ~$14 million in trade, followed by BTC/CNY coming in at ~$3 million and ~$2.5 million in BTC/EUR which means that USD equates for ~72% of the top 5 BTC markets.
Are you sure about that?
I guess you chose a wrong ranking there. For example, if I take the 24 Hour Volume Rankings by Exchange (look here), just OKCoin has a daily trading volume of over 1 billion dollars (namely, $1,224,670,000 at the moment). But it trades only BTC/CNY and LTC/CNY pairs, and no USD altogether. The BTC/CNY trading volume there equals over $1,1B, which is greater than all other non-Chinese exchanges combined are trading as far as I can see
Like I said according to coinmarketcap, it doesn't take much to check what I was talking about. As of now it has changed and JPY has moved into the top 5.
https://coinmarketcap.com/currencies/volume/24-hour/
If so, BTC will become No.1 payment method of the world
yeah you are right that bitcoin will no1 payment methiod in the world because everyone like the bitcoin currency and i hope bitcoin will become a global currency sooner in the future.Such incident won't happen just because of USD crash. If the USD gets a steep fall in the value it makes big impact upon digital currency network and bitcoin because bitcoin is not purely fiat independent. One or the other way bitcoin value itself is calculated in terms of dollars.
Yes if you think about it, if the USD crash it will not affect the price of bitcoin in my opinion. Because where I bought bitcoin not using USD but IDR. Perhaps more appropriate if the USD price crash it would benefit the other currencies, as surely as IDR currency will increase in value
If the US Dollar crashes then first of all it would be all over the news but I would not know what would happen because I cannot even imagine that.
The US is one of the most powerful countries in the world and same goes for their currency.
LOL this is just a myth and if dollar fall apart or crashes then what currency will be change to replace dollar? and dollar is the most power full money in the world and i believe that it will not be disappeared nor crash in the future and it will be more powerful as you can see USA is the most powerful country too. And they not let there money goes down. The US is one of the most powerful countries in the world and same goes for their currency.
If so, BTC will become No.1 payment method of the world
yeah you are right that bitcoin will no1 payment methiod in the world because everyone like the bitcoin currency and i hope bitcoin will become a global currency sooner in the future.Such incident won't happen just because of USD crash. If the USD gets a steep fall in the value it makes big impact upon digital currency network and bitcoin because bitcoin is not purely fiat independent. One or the other way bitcoin value itself is calculated in terms of dollars.
If so, BTC will become No.1 payment method of the world
yeah you are right that bitcoin will no1 payment methiod in the world because everyone like the bitcoin currency and i hope bitcoin will become a global currency sooner in the future.No, it won't be the no. 1 payment method in the whole world because bitcoin will be affected and it is the most affected crypto currency if dollar crashes. As we know that the price of bitcoin is being dependent to the US dollars, so I don't think it will be a good economy for bitcoin and it will have a domino effect just like other currencies to be affected.
Right. According to coinmarketcap.com the top 5 BTC markets are BTC/USD with ~$14 million in trade, followed by BTC/CNY coming in at ~$3 million and ~$2.5 million in BTC/EUR which means that USD equates for ~72% of the top 5 BTC markets.
Are you sure about that?
I guess you chose a wrong ranking there. For example, if I take the 24 Hour Volume Rankings by Exchange (look here), just OKCoin has a daily trading volume of over 1 billion dollars (namely, $1,224,670,000 at the moment). But it trades only BTC/CNY and LTC/CNY pairs, and no USD altogether. The BTC/CNY trading volume there equals over $1,1B, which is greater than all other non-Chinese exchanges combined are trading as far as I can see
If so, BTC will become No.1 payment method of the world
yeah you are right that bitcoin will no1 payment methiod in the world because everyone like the bitcoin currency and i hope bitcoin will become a global currency sooner in the future.No, it won't be the no. 1 payment method in the whole world because bitcoin will be affected and it is the most affected crypto currency if dollar crashes. As we know that the price of bitcoin is being dependent to the US dollars, so I don't think it will be a good economy for bitcoin and it will have a domino effect just like other currencies to be affected.
Right. According to coinmarketcap.com the top 5 BTC markets are BTC/USD with ~$14 million in trade, followed by BTC/CNY coming in at ~$3 million and ~$2.5 million in BTC/EUR which means that USD equates for ~72% of the top 5 BTC markets.
A collapse of USD would have a tremendous impact on BTC according to this.
If so, BTC will become No.1 payment method of the world
yeah you are right that bitcoin will no1 payment methiod in the world because everyone like the bitcoin currency and i hope bitcoin will become a global currency sooner in the future. The United Kingdom Pound lost more than 20% of its value as a result of the Brexit. How much devaluation can occur to the United States Dollar, if Trump gets elected as the POTUS? I don't think that it will be 20% or 25% like the case with UKP. There will be a smaller devaluation, like 4% or 5%, as the USD market cap is much bigger when compared to that of UKP.
When the Trump is elected, there will be good economy ahead, so the US dollar could appreciate a lot.
Mike Huckabee, the former Governor of Arkansas, said on CNN recently that Trump may be a car wreck, but his car is at least pointed in the right direction, while Hillary is a drunk driver going the wrong way on the freeway. As for me, I think that Trump will be rather deflationary in his economic policy, whereas Clinton will surely hunt the aeroplane money. In which case the dollar has higher chances of crashing everyone decides for themselves.
The United Kingdom Pound lost more than 20% of its value as a result of the Brexit. How much devaluation can occur to the United States Dollar, if Trump gets elected as the POTUS? I don't think that it will be 20% or 25% like the case with UKP. There will be a smaller devaluation, like 4% or 5%, as the USD market cap is much bigger when compared to that of UKP.
When the Trump is elected, there will be good economy ahead, so the US dollar could appreciate a lot.
The United Kingdom Pound lost more than 20% of its value as a result of the Brexit. How much devaluation can occur to the United States Dollar, if Trump gets elected as the POTUS? I don't think that it will be 20% or 25% like the case with UKP. There will be a smaller devaluation, like 4% or 5%, as the USD market cap is much bigger when compared to that of UKP.
You hear this all the time and yet a lot of the American allies are vested in the USD,even China is on board!
Hard to see this developing in a fashion where we are all standing with our hands on our head puzzled about what happened.
See a gradual decline but its just to inter linked with the economy to go south quick.
But lets say it does and we have a new super power or group I would presume running the world.
The USA has served a great role and without it I suspect a lot of issues getting out of hand like the parents have gone out for the night.
Who would fill that role? I do not see Russia wanting that role but China I could see wanting the power to run more of the world.
I bet on china this time as they are more capable than russia IMO. But, I cannot be more convince that dollar will crash soon, it's just a rumors that has no valid basis, I just consider it to be possible but with lesser chances.. let's just see what the future would bring.Hard to see this developing in a fashion where we are all standing with our hands on our head puzzled about what happened.
See a gradual decline but its just to inter linked with the economy to go south quick.
But lets say it does and we have a new super power or group I would presume running the world.
The USA has served a great role and without it I suspect a lot of issues getting out of hand like the parents have gone out for the night.
Who would fill that role? I do not see Russia wanting that role but China I could see wanting the power to run more of the world.
I am confident that the dollar will not collapse, but all this is just rumors. Yes, I admit that in the US economy have problems. But these problems are not as important to talk about the collapse of
You hear this all the time and yet a lot of the American allies are vested in the USD,even China is on board!
Hard to see this developing in a fashion where we are all standing with our hands on our head puzzled about what happened.
See a gradual decline but its just to inter linked with the economy to go south quick.
But lets say it does and we have a new super power or group I would presume running the world.
The USA has served a great role and without it I suspect a lot of issues getting out of hand like the parents have gone out for the night.
Who would fill that role? I do not see Russia wanting that role but China I could see wanting the power to run more of the world.
I bet on china this time as they are more capable than russia IMO. But, I cannot be more convince that dollar will crash soon, it's just a rumors that has no valid basis, I just consider it to be possible but with lesser chances.. let's just see what the future would bring.Hard to see this developing in a fashion where we are all standing with our hands on our head puzzled about what happened.
See a gradual decline but its just to inter linked with the economy to go south quick.
But lets say it does and we have a new super power or group I would presume running the world.
The USA has served a great role and without it I suspect a lot of issues getting out of hand like the parents have gone out for the night.
Who would fill that role? I do not see Russia wanting that role but China I could see wanting the power to run more of the world.
I am confident that the dollar will not collapse, but all this is just rumors. Yes, I admit that in the US economy have problems. But these problems are not as important to talk about the collapse of
You hear this all the time and yet a lot of the American allies are vested in the USD,even China is on board!
Hard to see this developing in a fashion where we are all standing with our hands on our head puzzled about what happened.
See a gradual decline but its just to inter linked with the economy to go south quick.
But lets say it does and we have a new super power or group I would presume running the world.
The USA has served a great role and without it I suspect a lot of issues getting out of hand like the parents have gone out for the night.
Who would fill that role? I do not see Russia wanting that role but China I could see wanting the power to run more of the world.
I bet on china this time as they are more capable than russia IMO. But, I cannot be more convince that dollar will crash soon, it's just a rumors that has no valid basis, I just consider it to be possible but with lesser chances.. let's just see what the future would bring. Hard to see this developing in a fashion where we are all standing with our hands on our head puzzled about what happened.
See a gradual decline but its just to inter linked with the economy to go south quick.
But lets say it does and we have a new super power or group I would presume running the world.
The USA has served a great role and without it I suspect a lot of issues getting out of hand like the parents have gone out for the night.
Who would fill that role? I do not see Russia wanting that role but China I could see wanting the power to run more of the world.
You hear this all the time and yet a lot of the American allies are vested in the USD,even China is on board!
Hard to see this developing in a fashion where we are all standing with our hands on our head puzzled about what happened.
See a gradual decline but its just to inter linked with the economy to go south quick.
But lets say it does and we have a new super power or group I would presume running the world.
The USA has served a great role and without it I suspect a lot of issues getting out of hand like the parents have gone out for the night.
Who would fill that role? I do not see Russia wanting that role but China I could see wanting the power to run more of the world.
Hard to see this developing in a fashion where we are all standing with our hands on our head puzzled about what happened.
See a gradual decline but its just to inter linked with the economy to go south quick.
But lets say it does and we have a new super power or group I would presume running the world.
The USA has served a great role and without it I suspect a lot of issues getting out of hand like the parents have gone out for the night.
Who would fill that role? I do not see Russia wanting that role but China I could see wanting the power to run more of the world.
Very interesting question this is. But what is the probability of US dollar deprecating and how because its already a super power and most used currency in the world. If the values decreases people will buy more of USD as it will come back and thus it demand will increase and price will rise back again.
People would be fine with that. I guess that would be a time for STRONG BUY.
it depends. don't forget that the most wealthy people will always prefer gold over anything as some sort of safe haven. maybe that bitcoin will gain some extra incoming money from people trying to escape the usd, but will it be enough to cause the price to at least double? i have my doubts.
It is good to have gold too because in case of emergency you can sell them easily here.. its just like the same as bitcoin..
So when that happened you can just simply relay on your gold and other jewels and just sell them out but their value will remain and going to be even higher.
Unlike local currency it may fall because of crash.
Indeed, USD will affect all countries currency once it crashes. There will be trade wars, chaos and such.. Hopefully it won't happen because it may also affect the value of bitcoins but we really can't tell when that will happen.. for now, it's good to convert / invest in gold since it's very globally valuable.
national currency always depends on many factors. And if suddenly the dollar will collapse, people will look for an alternative. And this gold and Bitcoin and property
Dollar will just influence bitcoin because several people does buy bitcoin with dollar, soo dollar week would mean people would have to spend more dollars to get bitcoins, in the end if dollar or any currencie fails we will be forced to spend more to get 1 bitcoin, atleast i do believe this affects just a bit the bitcoin.
That is right. When the dollar crashes, it is better to buy the bitcoin as other fiat will crash as well.
People would be fine with that. I guess that would be a time for STRONG BUY.
it depends. don't forget that the most wealthy people will always prefer gold over anything as some sort of safe haven. maybe that bitcoin will gain some extra incoming money from people trying to escape the usd, but will it be enough to cause the price to at least double? i have my doubts.
It is good to have gold too because in case of emergency you can sell them easily here.. its just like the same as bitcoin..
So when that happened you can just simply relay on your gold and other jewels and just sell them out but their value will remain and going to be even higher.
Unlike local currency it may fall because of crash.
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