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Topic: What if US Dollar Crashes? - page 39. (Read 57116 times)

newbie
Activity: 2
Merit: 0
January 11, 2016, 09:05:21 AM
Currently, the biggest threat to world are problems in the Chinese economy.
hero member
Activity: 518
Merit: 500
December 11, 2015, 11:04:28 PM
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 dont think US dollar will crashes,but lets imagine if this hppen,and affect for bitcoin.
i hope if it happen,bitcoin will replace US Dollar,and so many people will talk and use bitcoin for global payment,i will so proud!
hero member
Activity: 504
Merit: 500
December 11, 2015, 12:46:12 PM
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?

Interesting question. Give that bitcoin is naturally tied up to the dollar in a certain way, I can't imagine what would happen. logically we should see the price of the dollar going down comparing to bitcoin, or should I say bitcoin would be worth even more dollars. but would that really happen?
legendary
Activity: 1512
Merit: 1000
December 10, 2015, 04:12:36 PM
If USD crashes then the BTC price will be our least concern I'm afraid. Probably we'll be busy with trying to find a job and with queuing for food :/.
legendary
Activity: 3528
Merit: 7005
Top Crypto Casino
December 10, 2015, 03:54:36 PM
Well if it crashes, I and everyone I know is screwed.  However, I followed the silver/gold boom in 2011 and every talking head huckster was hyping precious metals on a platform of economic collapse.  Blah blah blah.  Here we are, 4 years later and nothing. 

I totally get that the US has got serious problems, but everyone's been crying wolf for so long.  Don't think we'll see disaster in our lifetimes.
hero member
Activity: 672
Merit: 508
LOTEO
December 10, 2015, 03:41:01 PM
I don't think it would have a positive effect on bitcoin. Bitcoin relies on a bunch of economic factors for it to grow like it has been growing.
If the dollar crashes I'm afraid the bitcoin will decrease in value.

If the US dollar does crash, bitcoin value will most probably decrease. But at the same time, this also means that more people will start using bitcoin.

That sounds like a paradox. The assumption that many people will start using bitcoin is likely true.
hero member
Activity: 1022
Merit: 538
December 10, 2015, 03:13:54 PM
I don't think it would have a positive effect on bitcoin. Bitcoin relies on a bunch of economic factors for it to grow like it has been growing.
If the dollar crashes I'm afraid the bitcoin will decrease in value.

If the US dollar does crash, bitcoin value will most probably decrease. But at the same time, this also means that more people will start using bitcoin.
hero member
Activity: 1022
Merit: 538
December 10, 2015, 03:08:27 PM
If the USA dollar ever sites crash, then bitcoin will become even bigger in the USA and other currencies around the world would have their value shoot up.
legendary
Activity: 3766
Merit: 1217
December 10, 2015, 01:33:16 PM
In case the US Dollar crashes, then a very large number of world nations will go bankrupt. Many of the countries, including superpowers such as China and Japan, store their forex reserves in the form of United States treasury bonds and other USD-denominated assets. If the USD crashes, then these countries will lose a large part of their forex reserves.
sr. member
Activity: 448
Merit: 250
December 08, 2015, 07:32:58 AM
I don't think it would have a positive effect on bitcoin. Bitcoin relies on a bunch of economic factors for it to grow like it has been growing.
If the dollar crashes I'm afraid the bitcoin will decrease in value.
hero member
Activity: 616
Merit: 500
December 08, 2015, 07:23:36 AM
I don't really know what will happend if the dollar will just crash, but that is unlikely that will happen.
But money like dollars or euro I think in the future won't crash they will just upgrade it or replace.

I doubt it would happen any time soon. Even if it does, a lot of economic markets would be affected by this and doubt it would be in a posetive way.
And even then, we would still have some bitcoins.
sr. member
Activity: 308
Merit: 250
December 08, 2015, 06:02:00 AM
I don't really know what will happend if the dollar will just crash, but that is unlikely that will happen.
But money like dollars or euro I think in the future won't crash they will just upgrade it or replace.
hero member
Activity: 506
Merit: 500
December 08, 2015, 04:38:16 AM
Obviously, if the US dollar crashes, we may see huge spikes in Bitcoins in order for its value to remain the same...
And it all also depends upon the factors of demand and supply of Bitcoins too...

The usd crashing is just the beginning of worse to come.
legendary
Activity: 1246
Merit: 1000
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December 08, 2015, 01:04:41 AM
Obviously, if the US dollar crashes, we may see huge spikes in Bitcoins in order for its value to remain the same...
And it all also depends upon the factors of demand and supply of Bitcoins too...
legendary
Activity: 1526
Merit: 1001
December 07, 2015, 03:08:36 PM
If us dollar crashes then it will affect directly and other popular currencies and of course the bitcoin itself, but i don't think that bitcoin will be crashed but only its value will be decreased by time.
legendary
Activity: 1400
Merit: 1001
December 07, 2015, 02:47:25 PM
The bigger the bubble, the longer it takes to collapse. The pound dominated the world for over a hundred years.  The dollar has had a hundred years of global dominance status as well.
The very nature of this 'trust' game is uncertainty. Financial fragility is always advertised as "stable", until it isn't.  Even the final stage of a bubble this big could outlast our lifetime.
legendary
Activity: 3248
Merit: 1070
December 07, 2015, 02:23:00 PM
Then bitcoin will go to the MOON !!!

That is a completely wrong idea.
Bitcoins price is dependent on the USD.
If the USD crashes BTC is doomed.
Not necessarily. USD is not even the most used currency if we talking about bitcoin trading, Chinese yuan is. After hypothetical dollar collapse, there will probably be initial price drop of BTC.
But soon price will go up to even higher values than before, that is what most realistically will happen.

I agree with LowlandGorilla,
If the USD crashes that will cause other currencies to crash too, causing market and trading issues. This will cause people to go back to gold and silver.


then bitcoin will be valued based on gold, it will not crash all the other fiat tied to the usd,a ctually it will increase in value, because besides going on gold and silver people will direct their investement on bitcoin
newbie
Activity: 26
Merit: 0
December 07, 2015, 12:56:48 PM
Then bitcoin will go to the MOON !!!

That is a completely wrong idea.
Bitcoins price is dependent on the USD.
If the USD crashes BTC is doomed.
Not necessarily. USD is not even the most used currency if we talking about bitcoin trading, Chinese yuan is. After hypothetical dollar collapse, there will probably be initial price drop of BTC.
But soon price will go up to even higher values than before, that is what most realistically will happen.

I agree with LowlandGorilla,
If the USD crashes that will cause other currencies to crash too, causing market and trading issues. This will cause people to go back to gold and silver.


Exactly, also people would not accept Bitcoin due to its volatility.
newbie
Activity: 22
Merit: 0
December 07, 2015, 12:50:55 PM
Then bitcoin will go to the MOON !!!

That is a completely wrong idea.
Bitcoins price is dependent on the USD.
If the USD crashes BTC is doomed.
Not necessarily. USD is not even the most used currency if we talking about bitcoin trading, Chinese yuan is. After hypothetical dollar collapse, there will probably be initial price drop of BTC.
But soon price will go up to even higher values than before, that is what most realistically will happen.

I agree with LowlandGorilla,
If the USD crashes that will cause other currencies to crash too, causing market and trading issues. This will cause people to go back to gold and silver.
legendary
Activity: 1862
Merit: 1004
December 07, 2015, 12:46:46 PM
Then bitcoin will go to the MOON !!!

That is a completely wrong idea.
Bitcoins price is dependent on the USD.
If the USD crashes BTC is doomed.
Not necessarily. USD is not even the most used currency if we talking about bitcoin trading, Chinese yuan is. After hypothetical dollar collapse, there will probably be initial price drop of BTC.
But soon price will go up to even higher values than before, that is what most realistically will happen.
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