Topic: What if US Dollar Crashes? - page 48. (Read 57086 times)
US dollar crashes, the rest of the world will follow. It all cancels out and like nothing happened. Everyone buys gold and bitcoin gains nothing.
There are too many threads asking the consequences / warning about USD's collapse.
The collapse would be gradual, if at all. USD first has to lose the confidence of various nations and its status as a reserve currency. When crude is no longer denominated in USD, I would be worried.
I was thinking a scenario, some other currency's economy takes the place of the USA, and the currency gets the status of a reserve currency. American economy falls in crisis and experience hyperinflation. No ppl want to use USD. Then USD is finished. The collapse would be gradual, if at all. USD first has to lose the confidence of various nations and its status as a reserve currency. When crude is no longer denominated in USD, I would be worried.
My euro will shoot up.
No euro too high its deadLol that's what you think.
There are too many threads asking the consequences / warning about USD's collapse.
The collapse would be gradual, if at all. USD first has to lose the confidence of various nations and its status as a reserve currency. When crude is no longer denominated in USD, I would be worried.
The collapse would be gradual, if at all. USD first has to lose the confidence of various nations and its status as a reserve currency. When crude is no longer denominated in USD, I would be worried.
if it happend, my currency(INR) will get more valued currency. 
if that happens, BTC for no.1 and my country legalize bitcoin aww,,,,its a good news; D then maybe my IDR will rise and food prices will certainly cheap ,
Yay, if it come true, i'll be happy to, because i'm using IDR too food and gasoline price will be cheap and some America company at our land will vanish
And we'll live like a rich people everyday
if that happens, BTC for no.1 and my country legalize bitcoin aww,,,,its a good news; D then maybe my IDR will rise and food prices will certainly cheap ,
My euro will shoot up.
No euro too high its dead
USA will use BTC... Maybe...
Or... all currencies will go high
Or... all currencies will go high
My euro will shoot up.
If so, BTC will become No.1 payment method of the world
if it happend, my currency(INR) will get more valued currency.
Dollar is quite strong right now, if it crashes we will be able to by even more dollars with our bitcoins...
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?
What will be it's affects on the beloved currency, BTC?
It is possible, but through what process is the question
Currency's value comes from demand, when economy goes bad, people desperately want more currency, that's why currency will never crash during a recession, they strengthen instead. FED printed 5x more USD without crashing its value, just because exploded demand for USD after financial crisis
So the only possibility that a currency will crash is during hyper inflation. That is also not possible, since banks are holding most of those newly added money supply, they watch inflation carefully and strictly restrict how much money flow into the economy to avoid inflation
Another possibility is that people find some other alternative (for example bitcoin), thus give up using USD. That's also not very likely to happen since most of the people's income is received in the form of USD, unless USD is in a state of hyperinflation, they will keep using USD
Currently we have a huge bond bubble, if those bond can not be paid back and default, it will crash the bond price, cause large loss for investors, but again, that will trigger a shortage of USD, gives bank more reason to create more USD
In a disasters scenario, people will always chase USD, which is the most liquid format of asset, so it is not likely it will crash in any foreseeable future
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?
What will be it's affects on the beloved currency, BTC?
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