The economic situation throughout the world is unstable. But the value of Bitcoin does not depend on the situation on the stock market or the stability of the national currency. In fact, Bitcoin can benefit from the collapse of the traditional economy. That is why the correct is to transfer some of their savings in the cryptocurrency. In July the number of new bitcoins created per day will be reduced from 3600 (now) to 1800 (July 10). The reduction rule a limit of bitcoins issued per day set in the Bitcoin Protocol from the beginning. This happens every four years.
Bitcoin differs from Fiat currencies such as the dollar or the Euro. The number of bitcoins is predetermined and strictly regulated by a Protocol. The maximum number of bitcoins that can be created, 21 million have been created To date to 15.5 million
Topic: What if US Dollar Crashes? - page 21. (Read 57086 times)
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?
If the Dollar crashes then there is nothing that people are going to do but it is going to effect the Bitcoin trading because most people trade in for the US DollarWhat will be it's affects on the beloved currency, BTC?
I'm afraid that most people are trading Bitcoin for the Chinese Yuan nowadays, and I also heavily suspect that the BTC-CNY trading volumes are orders of magnitude higher than those of the BTC-USD pair (in Bitcoin terms apparently). If you feel unsure about the reality of this, you may want to check for yourself at coinmarketcap.com. Just in case, the daily trading volume of the top 5 Chinese exchanges that trade only BTC-CNY and LTC-CNY pairs exceeds 4M bitcoins. Which makes up about one fourth of all bitcoins mined up to date. It should be evident by now that the US dollar is not the only pebble on this Bitcoin beach...
Not even speaking of how far is it from being the biggest one at that
No doubt the Chinese will win this competition. They have the largest bitcoin mining sites and I think they also have the biggest population using bitcoin. I think I am fine with it as long as they do not manipulate the price of bitcoin.
US dollar is crashes is down is not big impact in bitcoin price
you can see price US dollar in forex market everyday 100 - 500 pips is waves
but in bitcoin price is price waves is still flat not high waves in price
you can see price US dollar in forex market everyday 100 - 500 pips is waves
but in bitcoin price is price waves is still flat not high waves in price
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?
If the Dollar crashes then there is nothing that people are going to do but it is going to effect the Bitcoin trading because most people trade in for the US DollarWhat will be it's affects on the beloved currency, BTC?
I'm afraid that most people are trading Bitcoin for the Chinese Yuan nowadays, and I also heavily suspect that the BTC-CNY trading volumes are orders of magnitude higher than those of the BTC-USD pair (in Bitcoin terms apparently). If you feel unsure about the reality of this, you may want to check for yourself at coinmarketcap.com. Just in case, the daily trading volume of the top 5 Chinese exchanges that trade only BTC-CNY and LTC-CNY pairs exceeds 4M bitcoins. Which makes up about one fourth of all bitcoins mined up to date. It should be evident by now that the US dollar is not the only pebble on this Bitcoin beach...
Not even speaking of how far is it from being the biggest one at that
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?
If the Dollar crashes then there is nothing that people are going to do but it is going to effect the Bitcoin trading because most people trade in for the US DollarWhat will be it's affects on the beloved currency, BTC?
I'm afraid that most people are trading Bitcoin for the Chinese Yuan nowadays, and I also heavily suspect that the BTC-CNY trading volumes are orders of magnitude higher than those of the BTC-USD pair (in Bitcoin terms apparently). If you feel unsure about the reality of this, you may want to check for yourself at coinmarketcap.com. Just in case, the daily trading volume of the top 5 Chinese exchanges that trade only BTC-CNY and LTC-CNY pairs exceeds 4M bitcoins. Which makes up about one fourth of all bitcoins mined up to date. It should be evident by now that the US dollar is not the only pebble on this Bitcoin beach...
Not even speaking of how far is it from being the biggest one at that
Worldwide noticeable trend of transition to the digital payment system with a gradual limitation of cash payments. This is done for the sake of economic control over all transactions in the future, it was possible each of them to tax. As a result the consumer may well decide that bitcoin use is much more profitable.
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?
If the Dollar crashes then there is nothing that people are going to do but it is going to effect the Bitcoin trading because most people trade in for the US Dollar. What will be it's affects on the beloved currency, BTC?
I do not think that the US Dollar is ever going to crash tho.
If there is one thing that cant crash than it is the us dollar becuase we all know that there are to many people who are using the us dollar so he wont crash for sure you have to trust me he wont.
Exactly, I am totally agreed with your words, USD is accepted worldwide or it is a currency that is accepted in almost any country and for international market USD is used as a payment method so how would dollar crash after having that much importance in the market.
If there is one thing that cant crash than it is the us dollar becuase we all know that there are to many people who are using the us dollar so he wont crash for sure you have to trust me he wont.
Exactly, I am totally agreed with your words, USD is accepted worldwide or it is a currency that is accepted in almost any country and for international market USD is used as a payment method so how would dollar crash after having that much importance in the market.
I would assume that if it crashes then the value of things will be much higher right? And bitcoin is a thing, so it would be worth more dollars, but it will have the same relative worth it has today with other things.
Dollars has grow over euro this last years, and i dont know till when it can keep with such pression, it is bad for the economy a dollar very strong, people avoid invest and purchase equipements, with such, dollar must crash a bit to raise the transactions with others countries.
I would assume that if it crashes then the value of things will be much higher right? And bitcoin is a thing, so it would be worth more dollars, but it will have the same relative worth it has today with other things.
to me USD is too much stronger and it is not so easy that USD will be crash, i think it can only be possible if USA become destabilize my their internal people or if they became engage with any other super power then the value of USD can drop, other wise it is not so easy.
If us dollar crashes, bitcoin will be worthless in usd but could be worth a lot in euro
To compare the dollar and bitcoin is impossible: it is equivalent to compare a paper letter and e-mail. Both carries an information message, but then they cannot be compared
factors that affect the rate of bitcoin:
The hacking of exchanges, mining and other companies, causing the market gets a lot of bitcoins. Hackers need to implement them at any price, which leads to a simultaneous and sharp reduction of the course.
The sale at auction of the digital currency, confiscated by the FBI and the police. Offer exceeds the demand, and the price falls.
From time to time failures of the cryptocurrency exchanges. This leads to loss of faith in the cryptocurrency for some users. They get rid of bitcoins at any price, and the rate decreases.
Technical problems in the network reduce the price — this may also include attacks on the bitcoin network, differences, and developers about the future of cryptocurrencies.
Growth rates contributes to the reduction in market supply, which is incorporated in the algorithm of the digital currency.
The more popular bitcoin as a means of payment and savings, the higher price increases.
factors that affect the rate of bitcoin:
The hacking of exchanges, mining and other companies, causing the market gets a lot of bitcoins. Hackers need to implement them at any price, which leads to a simultaneous and sharp reduction of the course.
The sale at auction of the digital currency, confiscated by the FBI and the police. Offer exceeds the demand, and the price falls.
From time to time failures of the cryptocurrency exchanges. This leads to loss of faith in the cryptocurrency for some users. They get rid of bitcoins at any price, and the rate decreases.
Technical problems in the network reduce the price — this may also include attacks on the bitcoin network, differences, and developers about the future of cryptocurrencies.
Growth rates contributes to the reduction in market supply, which is incorporated in the algorithm of the digital currency.
The more popular bitcoin as a means of payment and savings, the higher price increases.
If there is one thing that cant crash than it is the us dollar becuase we all know that there are to many people who are using the us dollar so he wont crash for sure you have to trust me he wont.
USD not crash
this nor USD price is very strong is compare value pair another fiat money
is very bad value is poundsterling, after brexit pundsterling down and down
but this now USD strong but bitcoin same too price incraese up not down
this nor USD price is very strong is compare value pair another fiat money
is very bad value is poundsterling, after brexit pundsterling down and down
but this now USD strong but bitcoin same too price incraese up not down
I have also same opinion, US Dollar is very strong fiat currency in all over the world, because every country's people know about USD, and even we can see bitcoin converted the Usd and than everyone can use it, SO i don't think that USD could be crashed, US dollar always remain.
As you said Usd is a very strong fiat currency and one of the most powerful i guess because its been used commonly on trading other currencies and its a major pair thats why it would not easily crash i guess but if that would happen many countries would really affected and much more on its mother country for sure.
USD not crash
this nor USD price is very strong is compare value pair another fiat money
is very bad value is poundsterling, after brexit pundsterling down and down
but this now USD strong but bitcoin same too price incraese up not down
this nor USD price is very strong is compare value pair another fiat money
is very bad value is poundsterling, after brexit pundsterling down and down
but this now USD strong but bitcoin same too price incraese up not down
I have also same opinion, US Dollar is very strong fiat currency in all over the world, because every country's people know about USD, and even we can see bitcoin converted the Usd and than everyone can use it, SO i don't think that USD could be crashed, US dollar always remain.
Even if US Dollar crashes, it would not have any impact on Bitcoin.If Us Dollar crashes, Bitcoin will be still alive and the only difference is that Bitcoin price will be valued upon any other universal currency for example Euro.
USD not crash
this nor USD price is very strong is compare value pair another fiat money
is very bad value is poundsterling, after brexit pundsterling down and down
but this now USD strong but bitcoin same too price incraese up not down
this nor USD price is very strong is compare value pair another fiat money
is very bad value is poundsterling, after brexit pundsterling down and down
but this now USD strong but bitcoin same too price incraese up not down
I am wondering what would happen to bitcoin.
Bitcoin is mostly traded in dollars. Does that mean that if the dollar crashes, the bitcoin would crash along with it?
Or would the bitcoin be worth just much more dollars?
Bitcoin is mostly traded in dollars. Does that mean that if the dollar crashes, the bitcoin would crash along with it?
Or would the bitcoin be worth just much more dollars?
Bitcoin does not depend on a single world currency. It is unique, and the price for it will grow every year
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