What if US Dollar Crashes? - page 34.

bamboylee

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Quote from: maudevang on May 24, 2016, 05:08:50 AM

Quote from: RobinHoodster on May 18, 2016, 03:32:09 AM

If the US dollar would crash the bitcoin will disappear to because a bitcoin has a price of the dollar. So when
the dollar goes away what will the price of the bitcoin be exactly nothing because there is no dollar anymore.

If the US Dollar is going to crash then it would effect the Bitcoin in someway because there are allot of people in the us that make use of the Bitcoin so there would be less Bitcoin users.

Why would there be less bitcoin users if dollar crash? Actually, they will most likely switch to bitcoin because bitcoin will be soaring high by then. Maybe there will be more merchants using bitcoin because dollars will be to low to buy something. Bitcoin will replace dollar as the strongest currency.

socks435

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I cant imagine that usd will crash even in the future because its impossible to happen and i think even its crashes it cannot change bitcoin replace usd.. its impossible bitcoin will always ecurrency and there posibility that bitcoin alive in the future..

InsideBjorn

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What if the us dollar wil crash one thing that i know is that the bitcoin never can take over. So dont think that would happen. The crash of the dollar means allot of people are dead and i think whole america is gone because they all has dollars. And thats why he never will crash there are to many people interested in.

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Quote from: Das on May 18, 2016, 03:08:15 AM

The only thing that will make USD crash is if there is a mighty, global economic collapse. That is not good news, even for bitcoins.

It means bitcoins will be the only reasonable means of exchange and you can't even sell btc for your local currency because your local currency would have been seriously devalued due to the world economic condition.

If there is a global crash, the dollar will rise - flight to safety. It happened during the financial crisis of 2008, and then in 2013 during the eurozone crisis - the dollar rose both times.

The dollar isn't going anywhere (and neither is the pound or swiss franc). They are backed by stable democracies, and yes they will have recessions from time to time because recessions are normal, but nothing is going to happen to their currencies.

It is the weak countries that will adopt bitcoin. What will happen is their own currencies become worthless but they can't get hold of US dollars (because of capital controls), so they will opt for bitcoin as the next best thing. See Venezuela for this in action. The bolivar has collapsed, the people want US dollars, they can't get them, so some are opting for btc.

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Quote from: RobinHoodster on May 18, 2016, 03:32:09 AM

If the US dollar would crash the bitcoin will disappear to because a bitcoin has a price of the dollar. So when
the dollar goes away what will the price of the bitcoin be exactly nothing because there is no dollar anymore.

If the US Dollar is going to crash then it would effect the Bitcoin in someway because there are allot of people in the us that make use of the Bitcoin so there would be less Bitcoin users.

bamboylee

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If that happens, I think bitcoin and gold will be more valuable. As dollar value decreases, bitcoin value increase. We will be shifting from using fiat to using cryptocurrency on a daily basis. That will be good news to all early adopters. They will be millionaires if that happens. But I think the economy will be greatly affected and mostly war because there will be shifting in power.

expert4knowledge

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Quote from: goinmerry on May 19, 2016, 02:28:14 AM

Then it will be a big spin for this Earth. That is a strong country man. If their money crashes then some of the countries that are connected with them could also crash. Businesses also in other countries. Undecided

Yes and unfortunately such crashing happened some times for some of countries which is a big threat for connected economies now.

AsaroUk

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Quote from: Kevin77 on May 18, 2016, 03:46:43 PM

Quote from: RobinHoodster on May 18, 2016, 03:32:09 AM

If the US dollar would crash the bitcoin will disappear to because a bitcoin has a price of the dollar. So when
the dollar goes away what will the price of the bitcoin be exactly nothing because there is no dollar anymore.

I disagree. Bitcoin will not disappear if US dollar crashes. First off, bitcoin isn't only dependent on the USD value. bitcoin can also be exchanged in local currencies, eg EUR, AUD, JPY, PHP, etc. USD isn't the only currency in the world you know. If US dollar does indeed crashes, I'm can somehow see EUR will become the new world currency

The chance is really small that the US Dollar can crash and that is because there are still a lot of people that is using the US Dollar it is their only payment method.
So that is important for them and you see that the Bitcoin is becoming more popular of course but it takes time to get more used and acceptable.

goinmerry

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Then it will be a big spin for this Earth. That is a strong country man. If their money crashes then some of the countries that are connected with them could also crash. Businesses also in other countries. Undecided

expert4knowledge

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Quote from: Das on May 18, 2016, 03:08:15 AM

The only thing that will make USD crash is if there is a mighty, global economic collapse. That is not good news, even for bitcoins.

It means bitcoins will be the only reasonable means of exchange and you can't even sell btc for your local currency because your local currency would have been seriously devalued due to the world economic condition.

Crash of world economy is one thing but things such as the roots of last financial crisis were more internal results of usa.

DavidoAlto

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Quote from: Kevin77 on May 18, 2016, 03:46:43 PM

Quote from: RobinHoodster on May 18, 2016, 03:32:09 AM

If the US dollar would crash the bitcoin will disappear to because a bitcoin has a price of the dollar. So when
the dollar goes away what will the price of the bitcoin be exactly nothing because there is no dollar anymore.

I disagree. Bitcoin will not disappear if US dollar crashes. First off, bitcoin isn't only dependent on the USD value. bitcoin can also be exchanged in local currencies, eg EUR, AUD, JPY, PHP, etc. USD isn't the only currency in the world you know. If US dollar does indeed crashes, I'm can somehow see EUR will become the new world currency

Well if any currency as large as the dollar crashes then investors lose hope. And they will not run into bitcoin. Most of them would find Gold or perhaps the EUR. But risky assets are a no go for sure for investors.

Kevin77

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Quote from: RobinHoodster on May 18, 2016, 03:32:09 AM

If the US dollar would crash the bitcoin will disappear to because a bitcoin has a price of the dollar. So when
the dollar goes away what will the price of the bitcoin be exactly nothing because there is no dollar anymore.

I disagree. Bitcoin will not disappear if US dollar crashes. First off, bitcoin isn't only dependent on the USD value. bitcoin can also be exchanged in local currencies, eg EUR, AUD, JPY, PHP, etc. USD isn't the only currency in the world you know. If US dollar does indeed crashes, I'm can somehow see EUR will become the new world currency

wikenpp

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If the US Dollar crashes then something has to be completely wrong with there economy. But the US is a way too powerful country to let something like that happen.
They will come up with a solution before someone even notices anything.

aakashsangwan

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If USD crashes then also bitcoin will not become central currencies because most of the governments do not want to adopt it because of anonymity associated with it, it's decentralized nature and because of the fact that they can not control it.

RobinHoodster

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If the US dollar would crash the bitcoin will disappear to because a bitcoin has a price of the dollar. So when
the dollar goes away what will the price of the bitcoin be exactly nothing because there is no dollar anymore.

Das

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The only thing that will make USD crash is if there is a mighty, global economic collapse. That is not good news, even for bitcoins.

It means bitcoins will be the only reasonable means of exchange and you can't even sell btc for your local currency because your local currency would have been seriously devalued due to the world economic condition.

justspare

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If the USD dollar crashed, which is very unlikely, then all the other currency would rise in value and the euro or the pound would probably replace the USD as the main currency.

Nowl1935

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If us dollar crashes, bitcoin will be the top 1 leading currency, but it might not happen i think, USD is the main currency in our country man

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Quote from: goldcoinminer on May 17, 2016, 04:11:18 AM

That would be fine with me because I am not using dollar and I am not from the US. I think in the future dollar will really collapse because the majority of people will decide to go full digital and they don't want to be govern by the corrupt government anymore.

it doesn't matter where you are living. the dollar is the main currency of the world, so if it crashes then it will drag the entire world economy with it on its way down. there is no escaping.

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Quote from: haseeb ahmed on May 17, 2016, 03:13:41 PM

i dont think this will happen but if it happens it will be really beneficial for bitcoin currency,and bitcoin value will increase to thousands of dollars

trillions, but the value of the dollar would be meaningless at that point. A loaf of bread would be millions of dollars.

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