what will happen with the BTC, if the dollar falls - page 10.

Mademoiselle

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Quote from: koinov on December 08, 2017, 09:17:42 AM

If the dollar falls then every currency will fall, it does not matter if it's a paper or crypto one.

Everything will fall exactly because btc connects with only one currency thats dollar, and I'm pretty sure dollar will never fall thats until forever.

bitgolden

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Quote from: ASHLIUSZ on December 04, 2017, 11:13:11 PM

Dollar and bitcoin have direct dependence, because bitcoin is calibrated in terms of dollar. When the dollar value falls, automatically the value of the single bitcoin too decreases. In one way or other everything is interconnected, so there will be corrective factors that make the change in the value system.

What are you even saying? In one way or the other, everything is interconnected but not in the way you are even saying it. Bitcoin is a currency, USD is a currency. The difference here is that one is decentralized while the other is not. If dollar should lose its strength, it can fall but that does not have anything to do with Bitcoin's value.

In worst case scenario where people even end up not trusting the USD and decide to dump it for bitcoin, that even strengthens Bitcoin the more, while Dollar ends up losing its strength except for the fact that it is controlled anyway.

MCVXYZ

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Quote from: valen1309 on November 26, 2017, 08:35:53 AM

There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?

As we know America has about 20 trillion $ foreign debt,despite this fact YUAN can't reaplace it,because the dept is in US dollars and the amount is not bigger than what America produces in a whole year.In my opinion,It won't happen,USD dollar is too strong and this Country has a good economy.In another situation,Of course, devaluation will have an effect on Bitcoin and olso on Euros/Canadian dollars and i think this effect will be bad but its not excluded that people may start buying bitcoins as a safe-haven currency as in Russians situation.

coinplus

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Quote from: arief89 on December 01, 2017, 09:08:32 AM

bitcoin prices are not affected by dollar prices, even if the dollar price falls, bitcoin prices will stay that way, will not change.

Yes, if dollars are shutting down, peoples will try to find some or the other profitable currency and nothing is better than bitcoin for investment. more and more peoples will try to invest in bitcoins at that situation and the prices for bitcoins will go much more above. Also dollars are spread over huge places like United States of America, Africa, North America, Etc. Also the global market depends a lot of dollars.

koinov

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If the dollar falls then every currency will fall, it does not matter if it's a paper or crypto one.

Angi

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If dollar fall i dont know what happen the bitcoin because they are connected in every way .Dollar has a big part in bitcoin industry and because of dollar price more investors will join and invest.

mysterecryptoooo

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I think Bitcoin is the future and its value will be even greater i can tell.. Just like internet use to be in the very beginning, it was hard to manipulate then rich people started to invest on enterprises that was gonna make it easier such as google, youtube.... The same protocol is happening out here, there are several enterprises that are working in making it easy and people such like Bill gates, Sir Branson are investing on it. If the dollar falls the bitcoin will carry on Wink

shield132

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Quote from: ASHLIUSZ on December 04, 2017, 11:13:11 PM

Dollar and bitcoin have direct dependence, because bitcoin is calibrated in terms of dollar. When the dollar value falls, automatically the value of the single bitcoin too decreases. In one way or other everything is interconnected, so there will be corrective factors that make the change in the value system.

I think USD won't fall so much because USA plays very important role in global economy and they aren't in list of countries which can lost their role. It will be likevthat while there isn't real war. But can say the same about Euro and GBP. Even if usd falls, we already see how it's possible for bitcoin to rise seriously in some hours.

BarbieCasino

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Quote from: raven7886 on December 07, 2017, 02:46:28 AM

Quote from: cryptojac17 on December 01, 2017, 09:36:09 PM

Quote from: Hydrogen on November 29, 2017, 03:53:00 PM

Quote

Re: what will happen with the BTC, if the dollar falls

Historically when fiat currencies such as the dollar or euro fail, people buy gold (precious metals) to maintain the value of their wealth in the face of devaluing hyperinflation. If gold or precious metals are unavailable, recently there has been a trend where people have bought big screen TV's and other electronic devices (goods) in an effort to avoid having their fiat denominated wealth be devalued.

Bitcoin's performance over the past year and its supply being algorithmically limited could recommend it as a more desirable option to gold or precious metals. The problem with gold is, it has no point and click electronic utility. It must be physically carried and spent which greatly limits its buying power and application. Precious metals are not supported as a legitimate means of buying/selling in most economies. Without venturing too far into the gold versus bitcoin debate suffice it to say that bitcoin could dethrone gold as the de facto standard in terms of what people buy in times when fiat is in distress.

If dollars fall its value difinitely BTC will also fall because the value of BTC is measured in dollars BTC has no value because it is only the perception that this currency that we cannot touch has a value.the true assits is the thing that we can see like real properties and gold which never devaluate.

Perhaps the government can introduce any new currency in exchange of dollar so possibly anything can happen with centralized currencies as they are completely controlled and managed by the government.

But, I don't think it can truly happen so because dollars are now much more ahead than some other currencies and also the economy of the country USA depends on Dollars. So, I don't think the government can easily replace any other currency with dollars.

Dollar is the internationally recognized regular currency. In addition to this, it is also the most widely used paper money and is the most demanding currency as well. There is no other currency in this world which can actually replace dollar. In case there comes a time, when the market price of dollar falls down, it will eventually effect the market value of bitcoin and all other crypto currencies as well.

BlackPanda

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For me both are inseparable things right now. The fall of one of them will make an impact on the other. When the price of Bitcoin decreases then the Dollar price will change and when the Dollar price changes then there will be a perceived impact on the Bitcoin price. Indeed, if seen will probably not many people who think it. But now the price of Bitcoin is greatly increased by its crazy, so any changes that occur between the two could cause a panic as Bitcoin has now begun to be reckoned and started to become one of the most valuable commodities. Oh yes there is one more, when the price of Bitcoin changes then usually will affect Altcoin price, this has often happened and proved to be a thing to be noticed.

ekolet

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Quote from: JoyofCrypto on December 05, 2017, 10:19:44 AM

How do you think USD will fall when they have it backed by so much military power?

You do realize that one of Trumps goal is to devalue us dollar right?

smith136

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well technically bitcoin will be the most powerful currency, but I think this is not going to happen because the us government itself will not allow it to happen, as bitcoin as the father of crypto, usd is like the father of among fiat.

raven7886

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Quote from: cryptojac17 on December 01, 2017, 09:36:09 PM

Quote from: Hydrogen on November 29, 2017, 03:53:00 PM

Quote

Re: what will happen with the BTC, if the dollar falls

Historically when fiat currencies such as the dollar or euro fail, people buy gold (precious metals) to maintain the value of their wealth in the face of devaluing hyperinflation. If gold or precious metals are unavailable, recently there has been a trend where people have bought big screen TV's and other electronic devices (goods) in an effort to avoid having their fiat denominated wealth be devalued.

Bitcoin's performance over the past year and its supply being algorithmically limited could recommend it as a more desirable option to gold or precious metals. The problem with gold is, it has no point and click electronic utility. It must be physically carried and spent which greatly limits its buying power and application. Precious metals are not supported as a legitimate means of buying/selling in most economies. Without venturing too far into the gold versus bitcoin debate suffice it to say that bitcoin could dethrone gold as the de facto standard in terms of what people buy in times when fiat is in distress.

If dollars fall its value difinitely BTC will also fall because the value of BTC is measured in dollars BTC has no value because it is only the perception that this currency that we cannot touch has a value.the true assits is the thing that we can see like real properties and gold which never devaluate.

Perhaps the government can introduce any new currency in exchange of dollar so possibly anything can happen with centralized currencies as they are completely controlled and managed by the government.

But, I don't think it can truly happen so because dollars are now much more ahead than some other currencies and also the economy of the country USA depends on Dollars. So, I don't think the government can easily replace any other currency with dollars.

ldah94

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It is known that the exchange of bitcoin to Yuan is increasing, according to a report given by the IFCERT, reflects that they have detected the movement of more than 680 million yuan (more than $ 100 million) in 3 platforms of changes, in only two weeks carried out by OTC exchanges. So a significant percentage of the bitcoin market is managed through the YUAN but I would not dare to say that it will replace the dollar.

UltraBassss

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I think there are no chance for YUAN to be able to replace dollar. Dollar has survived for hundreds years and it'll keep surviving for hundreds years more and the only thing can replace dollar is Bitcoin, I think so. If dollar falls of course Bitcoin price will increase very quickly and become the main currency all for all over the world I think so Cheesy

slyfox

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Quote from: valen1309 on November 26, 2017, 08:35:53 AM

There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?

The yuan is not going to replace the dollar, it is just a currency used locally while the dollar is used all over the world besides things like that do not happen from one day to the other and it is a very violent process, in fact I bet that if that happened bitcoin will gain a lot of ground with the average person.

JPMose

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If the dollar falls, I think there will be only one case can be happened that Bitcoin price will go to the moon right after that and maybe people will use Bitcoin to prelace dollar as global currency.

dillema018

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Bitcoin would be more popular and can be a substitute for a dollar. Bitcoin can convert to any currency but it depends to the country you are belong to if it is accepting a bitcoin. Bitcoin is the most popular digital currency now a days that's why many people are using it for different transactions like making a payment using it.

paparadis

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Quote from: maimainguyen05 on November 26, 2017, 02:25:10 PM

If the dollar falls I think there will be only one thing can happen with BTC is Bitcoin price will go to the moon

). But I think this case will never happening cause dollar will never being replaced by Yuan

It is meant in global point of view. You can use dollars in Eastern Europe, Africa, South America, Mexico. And I am sure that people will start using other FIAT. Yes, BTC will fly to the moon, but there will be still people who will use classicall money.

malikusama

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Simply nothing, it doesn't matter which next paper currency is going to rule the world the only thing does matter is the variation of KING (bitcoin) in the cryptocurrency market. It is also possible that after the downfall of USD, bitcoin will gain more popularity because of a major shift from the USD to other currencies, and may be people would prefer bitcoin at that moment.

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