Topic: what will happen with the BTC, if the dollar falls - page 6. (Read 3421 times)
I don't think it can happen soon as Dollar is much famous now and also it is now the backbone of the international trade market. If dollar falls down or is replaced then not only bitcoins, but each currency will fall. I don't think the american government can allow it to happen but in case it happens, we can see some dips in the graph of bitcoins.
i think one of the reasons for the rise in the price of bitcoin now, is the fact we are seeing the start of the fall of the dollar , hyper inflation , and its going to get worse
Nothing I think. Because if the dollar will fall BTC still can be exchangeable on other fiat money.just my own understanding.
Now i see that the dollar only shows how much Bitcoin is worth and its exchange rate or value does not affect Bitcoin in any way. Hope I got that right.
It is just a speculation that Yuan is going to reply USD, as we all know, USD is a global currency that everybody uses to trade that is why Bitcoin is based on that money. Moreover, if it was to happen, i don't think it will affect the Bitcoin which is the revolution
There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
dollar is make USA great and if dollar falls all will end. bitcoin,gold, oil and every things.
bitcoin will have some effect but less than others
If the dollar crashes, I think there would be a short term btc sell off as well.
Btc will bounce back stronger than ever though, I’m pretty sure the dollar will be on its way to the retirement home by then
There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
dollar is make USA great and if dollar falls all will end. bitcoin,gold, oil and every things.
bitcoin will have some effect but less than others
Why would someone even think about it like that. Dont think we will see any fail in next few years for any fiat think that last one was GBP with them leaving EU.
It will make some major event similar to what happen with GB and with brexit. This was major for them and for fiat currency they have GBP it was recorded i believe that it had lowest value almost in entire history.
The downfall in the market value of bitcoin will have a little impact on bitcoin. Dollar is only treated as a tool to tell us the worth of bitcoin as compared to that of normal regular currency. If the market value of dollar falls, then because of it the market value of bitcoin will increase as at that time, bitcoin will be having more worth than at the very present time. Other than this, nothing will happen. It will make some major event similar to what happen with GB and with brexit. This was major for them and for fiat currency they have GBP it was recorded i believe that it had lowest value almost in entire history.
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.
This is incorrect, if the value of the dollar falls and the value of bitcoin remains the same then the amount of dollars needed to buy a bitcoin will go up, remember do not make the mistake of thinking that value and price are the same thing because they are not.
I'm opening a shop and I'm willing to sell anything legal. I don't care what you want to buy, I care about being able to provide you with exemplary customer service and quality products.
With that being said, what do you want to buy??
With that being said, what do you want to buy??
There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
dollar is make USA great and if dollar falls all will end. bitcoin,gold, oil and every things.
bitcoin will have some effect but less than others
It could be down tge btc i think because btc is equivalent usually to a dollar..maybe when tge dollar down there are posibility the btc down also..
No I don’t think so because bitcoin and dollar both are different things and they are not same so bitcoin is down it will not affect bitcoin price and the position of bitcoin will remain same and it will not be changed till now bitcoin as gain a lot of potential and strong future so just be with bitcoin and hold it till it changes for better and safe investment. Dollar is increasing or decreasing it will not affect but dollar in my country is now gained more value and price.In these days while all the countries are using their local currencies for buying and payments, the markets will be effect more than bitcoin, because bitcoin is a digital currency and it will remain the same.
What you are saying is correct, even if the dollar price is down it wont affect much as each user converting bitcoin to their country fiat currency so on their fiat currency conversion they get profit.
It could be down tge btc i think because btc is equivalent usually to a dollar..maybe when tge dollar down there are posibility the btc down also..
No I don’t think so because bitcoin and dollar both are different things and they are not same so bitcoin is down it will not affect bitcoin price and the position of bitcoin will remain same and it will not be changed till now bitcoin as gain a lot of potential and strong future so just be with bitcoin and hold it till it changes for better and safe investment. Dollar is increasing or decreasing it will not affect but dollar in my country is now gained more value and price.In these days while all the countries are using their local currencies for buying and payments, the markets will be effect more than bitcoin, because bitcoin is a digital currency and it will remain the same.
There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
if dollar falls bank will be weak and bitcoin will be more stronger than old time.
bitcoin will take dollar place
Bitcoin, like the US Dollar or any other fiat currency, has a nonzero value mostly because it possesses certain traits that make it a better payment system in select circumstances than any competing payment system. Those traits include fungibility, divisibility, durability, transferability, and convenience. (There are a few more traits that some people would add, but that’s a discussion I don’t want to get into here.) The point is that if person A needs to make a payment to person B, they may decide to use bitcoin for the transfer, not because they have any particular affinity for or belief in bitcoin, but because it is of some UTILITY to do so.
Their decision to use bitcoin does not necessarily require them to understand bitcoin, or believe in the future of bitcoin, or want to store their wealth in bitcoin, or endorse any political or economic theory that is popular among many early bitcoin adopters. If they fear that bitcoin is going to lose value over time, then person A can buy bitcoin immediately before sending it to person B, who can immediately sell it. Of course, there is a risk that bitcoin could lose value during the short time it takes to make the transfer, but payment processors like Coinbase insure against this risk (in exchange for the commission they make when you buy or sell bitcoin on their platform). (Think of this the next time you see that 15 minute timer when you purchase something online with bitcoin.)
Despite the associated costs, including not only the above mentioned insurance against risk of fluctuating value but also the much more costly (albeit one time only) inconvenience of learning a new system, there are circumstances in which it is either the cheapest option, and/or the fastest option, and/or in some cases, the only option. It is not necessary for bitcoin to be the best option in all circumstances, only in some circumstances. As long as this is true, there will be upward pressure on the price. This is the crux of understanding why bitcoin’s value is not zero, and will never be zero, as long as the set of circumstances in which bitcoin is the payment system of choice is not empty.
Some people are tormented by the thought that this is circular reasoning: It has nonzero value because it is useful as a payment system, but one of the prerequisites of being useful as a payment system is that it has nonzero value. But it’s really not the logical trap that it might appear at first glance. It’s just not. Unless you enjoy being intellectually tormented, in which case, have fun with that.
(If you’re having trouble getting out of the trap, consider this: bitcoin has nonzero value as long as at least one person in the entire world is willing to buy it, for whatever reason, whether that reason makes any sense at all to you or not. Once that one crazy person gets it up in the air, the above-mentioned upward pressure takes over, like the wings of an airplane. If it needed a crazy person to get it kickstarted, so be it. But I don’t think it did; so I would consider this to be a trivial explanation. A perfectly sane person might buy it initially, betting on the fact that it will eventually take off.)
Some will point out that bitcoin has value as a way to store wealth, but that would not be true if it were not for the fact that it independently has nonzero value as a payment system. Once its value as a payment system is understood, only then can we understand why it also has value as a store of wealth. Most of the price today is due to investors who use it to store value because they believe it will be much more widely used in the future than it is today. (And on top of that, speculators who presumably have some understanding of the psychology of the markets.)
Some people respond to the statement that the US Dollar holds value because it is “backed by the full faith and credit of the US government” by arguing that bitcoin has value because bitcoin is “backed by math.” Neither of those explanations are satisfying. Both are hand wavey and are designed to appeal to the emotion rather than to the intellect. I spent many years wondering why fiat currency had any value at all. I find it ironic that it was bitcoin that taught me the answer to that question! Bitcoin and fiat currency have nonzero, nontrivial value for exactly the same reason: they are each integral components of the best (or the only) payment system available (each being the best in their own particular set of circumstances).
Today, the set of circumstances in which bitcoin is the payment system of choice is small. But as it gets easier to use, that set grows larger. It will be exciting to watch.
Their decision to use bitcoin does not necessarily require them to understand bitcoin, or believe in the future of bitcoin, or want to store their wealth in bitcoin, or endorse any political or economic theory that is popular among many early bitcoin adopters. If they fear that bitcoin is going to lose value over time, then person A can buy bitcoin immediately before sending it to person B, who can immediately sell it. Of course, there is a risk that bitcoin could lose value during the short time it takes to make the transfer, but payment processors like Coinbase insure against this risk (in exchange for the commission they make when you buy or sell bitcoin on their platform). (Think of this the next time you see that 15 minute timer when you purchase something online with bitcoin.)
Despite the associated costs, including not only the above mentioned insurance against risk of fluctuating value but also the much more costly (albeit one time only) inconvenience of learning a new system, there are circumstances in which it is either the cheapest option, and/or the fastest option, and/or in some cases, the only option. It is not necessary for bitcoin to be the best option in all circumstances, only in some circumstances. As long as this is true, there will be upward pressure on the price. This is the crux of understanding why bitcoin’s value is not zero, and will never be zero, as long as the set of circumstances in which bitcoin is the payment system of choice is not empty.
Some people are tormented by the thought that this is circular reasoning: It has nonzero value because it is useful as a payment system, but one of the prerequisites of being useful as a payment system is that it has nonzero value. But it’s really not the logical trap that it might appear at first glance. It’s just not. Unless you enjoy being intellectually tormented, in which case, have fun with that.
(If you’re having trouble getting out of the trap, consider this: bitcoin has nonzero value as long as at least one person in the entire world is willing to buy it, for whatever reason, whether that reason makes any sense at all to you or not. Once that one crazy person gets it up in the air, the above-mentioned upward pressure takes over, like the wings of an airplane. If it needed a crazy person to get it kickstarted, so be it. But I don’t think it did; so I would consider this to be a trivial explanation. A perfectly sane person might buy it initially, betting on the fact that it will eventually take off.)
Some will point out that bitcoin has value as a way to store wealth, but that would not be true if it were not for the fact that it independently has nonzero value as a payment system. Once its value as a payment system is understood, only then can we understand why it also has value as a store of wealth. Most of the price today is due to investors who use it to store value because they believe it will be much more widely used in the future than it is today. (And on top of that, speculators who presumably have some understanding of the psychology of the markets.)
Some people respond to the statement that the US Dollar holds value because it is “backed by the full faith and credit of the US government” by arguing that bitcoin has value because bitcoin is “backed by math.” Neither of those explanations are satisfying. Both are hand wavey and are designed to appeal to the emotion rather than to the intellect. I spent many years wondering why fiat currency had any value at all. I find it ironic that it was bitcoin that taught me the answer to that question! Bitcoin and fiat currency have nonzero, nontrivial value for exactly the same reason: they are each integral components of the best (or the only) payment system available (each being the best in their own particular set of circumstances).
Today, the set of circumstances in which bitcoin is the payment system of choice is small. But as it gets easier to use, that set grows larger. It will be exciting to watch.
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if dollar falls all will try to find other investment way both of gold and Cryptocurrency will increase.
bitcoin will have more demand and more price.
bitcoin will have more demand and more price.
What will happen with your head, if your brain falls?
Nothing and maybe the circulation of BTC will still the same even without the dollar or any fiat.
I don't thing that Dollar will be replaced by Yuan it is not going to make any impact in the value of Dollar not whole world will not accept Yuan immediately at least for next 25 years. So Dollar will not fall and nothing will impact on Bitcoin also.
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