What if US Dollar Crashes? - page 25.

dunfida

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Quote from: DomesticTrader on October 04, 2016, 07:17:52 AM

If this would happen we should all not be happy because the bitcoin is depending on the dollar so it would even be very bad if you are asking me.
I hope this will not happen anytime soon.

If dollar would crash not only bitcoin would be badly affected but all of those countries which do rely on usd currency and for sure there would be an economic crisis but as of now usd stands strong and been used almost globally but still theres a possibility that it would crash but not now.

DomesticTrader

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If this would happen we should all not be happy because the bitcoin is depending on the dollar so it would even be very bad if you are asking me.
I hope this will not happen anytime soon.

phreaky

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If the US dollar crashes then the bitcoin would profit from this event for sure cause a lot of people would be leaving the dollar behind looking for a new currency and they'd find out about bitcoin and then use it as a main currency/investment which causes the value to go up even more.

praprata

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Quote from: FuckIdolPlus on March 28, 2015, 11:00:49 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?

That would be to bad for the US but I do not see there currency crashing because I am sure that would find the solution before it is even going to happen.
They are save so I do not worry about the Dollar suddenly crashing.

Doamader

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Quote from: Mr.grin on October 03, 2016, 04:59:27 PM

Quote from: MaritiJames3 on October 03, 2016, 04:30:29 PM

If the dollar crashes the bitcoin will also a sort of crash because its still pretty depending on the dollar right now.
Lets hope this will never happen although I do not think that this will happen ever to be honest.

if the dollar crashes, might be an alternative bitcoin payments for a while, and with so bitcoin will be more popular. Well, you're right, maybe it will create great economic damage, because the dollar is an international currency, so it will probably be very much affect the financial problems in the world, although I am sure that bitcoin will be an alternative to such payments, but let's hope that it does not will occur

The big problem would be for USA that would had to handle again the financial problems inside, till that the transactions would get lower, others countries would be affected, but euro has faced and keeps facing problems, soo the people are searching something to protect their money from those problems, bitcoin might be a solution to those people.

Mr.grin

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Quote from: MaritiJames3 on October 03, 2016, 04:30:29 PM

If the dollar crashes the bitcoin will also a sort of crash because its still pretty depending on the dollar right now.
Lets hope this will never happen although I do not think that this will happen ever to be honest.

if the dollar crashes, might be an alternative bitcoin payments for a while, and with so bitcoin will be more popular. Well, you're right, maybe it will create great economic damage, because the dollar is an international currency, so it will probably be very much affect the financial problems in the world, although I am sure that bitcoin will be an alternative to such payments, but let's hope that it does not will occur

outatime1

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If the dollar gets weaker, people will start to invest in something like gold or possible bitcoin or foreign stocks etc. Stocks right now in the US markets are high but we could be going into recession soon and people will look for alternatives.

MaritiJames3

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If the dollar crashes the bitcoin will also a sort of crash because its still pretty depending on the dollar right now.
Lets hope this will never happen although I do not think that this will happen ever to be honest.

fasdorcas

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Quote from: agustina2 on September 09, 2016, 07:16:14 AM

Quote from: Aamir1 on September 09, 2016, 04:23:22 AM

That's right but the question says is if it will be beneficial for bitcoin if the US dollar crashes? What do you guys think about that? Will those countries consider using bitcoin instead of those currencies for international market transactions?

For me no. The transactions will now be on one country's fiat to fiat exchange and USD will not be involved.

Bitcoin is just a seconday option but no way it can outshine the USD.

I agree with you. The user number of the bitcoin is too few at the moment. It will just coexist with USD.

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Quote from: sishendaoye on October 03, 2016, 10:21:14 AM

Quote from: FuckIdolPlus on March 28, 2015, 11:00:49 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?

Then it just happens and there is nothing that I am able to do but I do not think that the US Dollar is ever going to crash.
The US is to big and to powerful to let something like that take them down in the world.

They wont let that happen. They still have their firearms to deal with other countries. They can even sell it to terrorists to create war and that is when they will get at the top again. They did it already at Iraq so why not to other countries. As long as there are rebels they can create war

sishendaoye

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Quote from: FuckIdolPlus on March 28, 2015, 11:00:49 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?

Then it just happens and there is nothing that I am able to do but I do not think that the US Dollar is ever going to crash.
The US is to big and to powerful to let something like that take them down in the world.

goldcoinminer

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Quote from: Ossidalm on September 29, 2016, 01:25:29 AM

Quote from: MyBTT on September 28, 2016, 11:25:53 PM

If the US dollar crashes, alot of major companies will be affected. They are almost all based in the US, meaning that their funds will mostly be kept in USD, but not necessarily on US soil. Their holdings will plummet in value.

The US is just 20% of the world economy. Its proportion is getting smaller year after year. So it might be not so dramatic.

20% is already a great percentage when it comes to the economy, and that 20% if crashes could also affect the other countries who are holding even less than that, so under the situation I am also seeing that bitcoin will be affected. We are talking here of a powerful nation collapse.

Ossidalm

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Quote from: MyBTT on September 28, 2016, 11:25:53 PM

If the US dollar crashes, alot of major companies will be affected. They are almost all based in the US, meaning that their funds will mostly be kept in USD, but not necessarily on US soil. Their holdings will plummet in value.

The US is just 20% of the world economy. Its proportion is getting smaller year after year. So it might be not so dramatic.

Yakamoto

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Quote from: MyBTT on September 28, 2016, 11:25:53 PM

If the US dollar crashes, alot of major companies will be affected. They are almost all based in the US, meaning that their funds will mostly be kept in USD, but not necessarily on US soil. Their holdings will plummet in value.

The USD plummets and you'll see a scramble by a ton of countries to try and bully it out of the world reserve currency position, which might be possible with the right circumstances.

USD debt will be worth nothing, massively affecting countries with large bags of US debt, namely China. This means a ton of assets internationally are seriously affected.

This also means that the US would likely face a collapse, considering they would now suddenly have the currency of an export country in an import country. Which is a very bad mix.

MyBTT

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If the US dollar crashes, alot of major companies will be affected. They are almost all based in the US, meaning that their funds will mostly be kept in USD, but not necessarily on US soil. Their holdings will plummet in value.

goinmerry

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There are a lot of reason for them not to get broke but I will just say one. Resources. They have a lot of it specially oil. They have helped other countries for that purpose. They are in to money, power and sex only. So they will just help for that purpose. It will not crash it will be stronger than any currency in the world.

Finestream

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Quote from: passwordnow on September 28, 2016, 09:26:12 PM

Quote from: adibe on September 21, 2016, 12:30:54 PM

If US Dollar crashes, i'm sure it will affect the price of bitcoin too. Because the price of bitcoin is based on US Dollar too and i think the price of bitcoin can increase because the rate of us dollar going down.

Of course it will because the price of bitcoin is always depending on the value of US Dollar and that is going to be one of the measurements on how important bitcoin is today. So if there is going to be a US Dollar crisis then for sure the bitcoin is the first one to be affected with it and in our industry it is going to be one to crash first.

They have a great relationship and the performance of dollars will affect bitcoin, I know if dollar collapse bitcoin will be gone because people will do panic selling and the value will abruptly decrease and I couldn't imagine when the time will happen because our effort will just be gone with a blink of an eye.

passwordnow

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Quote from: adibe on September 21, 2016, 12:30:54 PM

If US Dollar crashes, i'm sure it will affect the price of bitcoin too. Because the price of bitcoin is based on US Dollar too and i think the price of bitcoin can increase because the rate of us dollar going down.

Of course it will because the price of bitcoin is always depending on the value of US Dollar and that is going to be one of the measurements on how important bitcoin is today. So if there is going to be a US Dollar crisis then for sure the bitcoin is the first one to be affected with it and in our industry it is going to be one to crash first.

Dudeperfect

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I am not an economist but as a student (who has studied economics for almost 3 years), I think there are two possibilities,

# 1. People will see bitcoin as option – Since there are number of advantages of bitcoin over fiat currency, most of the people will see bitcoin as an investment or asset because there is no control of government and other factors.

# 2. Bitcoiners will liquidate bitcoins – Current bitcoin holders can liquidate their cold storage and convert it in to fiat currency to deal with such crisis and that might affect bitcoin price which can create domino effect that will lead to price fall.

agustina2

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Quote from: adibe on September 21, 2016, 12:30:54 PM

If US Dollar crashes, i'm sure it will affect the price of bitcoin too. Because the price of bitcoin is based on US Dollar too and i think the price of bitcoin can increase because the rate of us dollar going down.

Bitcoin price might increase but it doesn't make sense now of converting bitcoin into fiat since US dollar crashes too.

Price of bitcoin is directly on USD so in every country the exchange rate will be USD to it's own currency.

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