what will happen with the BTC, if the dollar falls - page 7.

voztata

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Quote from: ladydark on December 16, 2017, 06:33:09 PM

Even if the dollar falls,it would not affect bitcoin's price.Bitcoin would be valued in other currencies.Already,bitcoin's value is shown in all currencies and a price fall in one currency would not affect the value of bitcoin in the other currency.If US dollar totally crashes,then universally bitcoin would get valued in euros or yuan whatever replces dollar.I think that it may happen soon since USD is in its last stage as global reserve currency.

If the dollar falls the price of bitcoin will rise more because in this day the price is more than 20000 dollars while one dollar is equal to 107 in my local currency and when the dollar falls the bitcoin price will go up because then we will have to pay more dollars to buy bitcoins.

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 in its passion.

yvesp110

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Quote from: nightways on December 22, 2017, 07:31:24 AM

Quote from: Babylon on December 16, 2017, 09:41:48 PM

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?

There is that what we called as a substitute and replacement for all things. If USD will fall as years pass by other currencies will rise. That is always the case for everything, and if that happens BTC has a chance to be recognized as a worldwide accepted currency replacing dollars. BTC value will then rise when that time came.

Dollar is an internationally recognized currency and it is being used almost all over the world. There is less chance of this thing to happen. In case this thing ever happens, then it will be really a very good chance for bitcoin to take lead over the world’s most commonly used currency and replace it. The market value of bitcoin will then rise even higher as dollar will have low market value then.

I don’t really think so that it will be possible for the bitcoin to lead this world in case the market value of dollar falls down, this can never happen till the time the bitcoin will not be declared as legal. The only thing which we’ll be able to see at that time will be the market value of bitcoin getting more at that time as dollar is just like a conversion unit for bitcoin. There is no direct relation in between both of them.

nightways

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Quote from: Babylon on December 16, 2017, 09:41:48 PM

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?

There is that what we called as a substitute and replacement for all things. If USD will fall as years pass by other currencies will rise. That is always the case for everything, and if that happens BTC has a chance to be recognized as a worldwide accepted currency replacing dollars. BTC value will then rise when that time came.

Dollar is an internationally recognized currency and it is being used almost all over the world. There is less chance of this thing to happen. In case this thing ever happens, then it will be really a very good chance for bitcoin to take lead over the world’s most commonly used currency and replace it. The market value of bitcoin will then rise even higher as dollar will have low market value then.

slyfox

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Quote from: lvincent on December 04, 2017, 08:46:06 PM

It's impossible that dollars or fiat will fall this system is in here for almost a century i think it's not gonna fall now i mean there is no such thing that can make dollar fall, and you'll not gonna worried about bitcoin if dollar falls it's not 1st thing that will come in your mind i'm sure of it.

What are you talking about the economic system fell at least three times in the last century, and the economic system is going to keep falling as long as it not based on sound economic principles and it keeps being based on debt and the rich stealing from the poor.

doomloop

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Quote from: MrPhil on December 17, 2017, 07:39:55 PM

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.

Bitcotalk

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Quote from: Neurocrypt on December 13, 2017, 07:26:29 PM

I think nothing will happen

I also think the same way that fluctuation in dollar wont effect the bitcoin and the reason is that the dollar is backed by the united states government, and the concept of bitcoin is decentralized. So these are two totally different things in opposite direction and falling of one will not harm or give advantage to the other.

MrPhil

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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..

Babylon

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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?

There is that what we called as a substitute and replacement for all things. If USD will fall as years pass by other currencies will rise. That is always the case for everything, and if that happens BTC has a chance to be recognized as a worldwide accepted currency replacing dollars. BTC value will then rise when that time came.

ladydark

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Even if the dollar falls,it would not affect bitcoin's price.Bitcoin would be valued in other currencies.Already,bitcoin's value is shown in all currencies and a price fall in one currency would not affect the value of bitcoin in the other currency.If US dollar totally crashes,then universally bitcoin would get valued in euros or yuan whatever replces dollar.I think that it may happen soon since USD is in its last stage as global reserve currency.

azguard

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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.

wvasko

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I think nothing will happen with bitcoin. It is independent of the currencies, oil and other things. This is its advantage.

GoodLuck2

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Quote from: bestluck on December 15, 2017, 06:34:46 PM

Quote from: Neurocrypt on December 13, 2017, 07:26:29 PM

I think nothing will happen

Nothing will happen to bitcoin if the dollar falls or for that matter if any currency of the world falls, it will not affect the bitcoin. Bitcoin is a different concept of the currency which works on specific hash algorithm and it is a decentralized currency. Where as all the regular currencies centralized and their respective state banks own those currencies. So Bitcoin should not be mistaken with rise or fall of any other currency.

Exactly, there will be hardly any sort of effect on the market of the bitcoin in case the market price of dollar falls. There is no direct relation in between dollar and bitcoin. Both are entirely different currencies and both have nothing to do with each other. The only thing which will happen is that this will result in increase in the market value of bitcoin when compared with that of dollar.

davinchi

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Quote from: upsidedown75 on December 12, 2017, 05:42:50 AM

Quote from: Tyrantt on December 04, 2017, 04:58:41 PM

Probably nothing and even if that happens, big bitcoin investors would probably dump all of their btc and sell it for EUR or whatever they like the most and that said currency will gain power, yes? just as dollar isn't the only currency out there, bitcoin isn't the only coin.

The question should be what is even causing the dollar to fall. Dollar can fall anytime based on the market strength at that moment and that has nothing to do with BTC at all.

Bitcoin just like you said is not the only currency and moreover USD is traded against other currencies out there. Except in the case where everyone is busy dumping their currencies including USD for bitcoin, then maybe something could end up wrong, but I really do not see the possibilities of that yet.

That’s true, the market is what can lead to the fall of Dollar but I don’t think that is really easy to happen. The Dollar market is very strong, and is even stronger than most currency market in the world. Then coming to whether it will affect Bitcoin or not, in my own opinion, I believe it will be affecting Bitcoin. Why I said so is because Bitcoin price rate is being calculated by dollar, so if dollar falls, Bitcoin will be affected.

Kevin77

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Quote from: bestluck on December 15, 2017, 06:34:46 PM

Quote from: Neurocrypt on December 13, 2017, 07:26:29 PM

I think nothing will happen

Nothing will happen to bitcoin if the dollar falls or for that matter if any currency of the world falls, it will not affect the bitcoin. Bitcoin is a different concept of the currency which works on specific hash algorithm and it is a decentralized currency. Where as all the regular currencies centralized and their respective state banks own those currencies. So Bitcoin should not be mistaken with rise or fall of any other currency.

No, the market of Bitcoin will keep rising in value only if people decide to start pushing their USD into bitcoin at least with some other system which they can trust better.

We have to understand that USD is not the only currency in the world and in forex, it is always trying to stay relevant and the fact that it is controlled is the reason why we do not see all the falls going on. We should see it as the market being pumped and that is why they have decided to monopolize the whole system.

bestluck

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Quote from: Neurocrypt on December 13, 2017, 07:26:29 PM

I think nothing will happen

Nothing will happen to bitcoin if the dollar falls or for that matter if any currency of the world falls, it will not affect the bitcoin. Bitcoin is a different concept of the currency which works on specific hash algorithm and it is a decentralized currency. Where as all the regular currencies centralized and their respective state banks own those currencies. So Bitcoin should not be mistaken with rise or fall of any other currency.

JCLee

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I think nothing will happen cause Bitcoin price don't depend too much on the valu of dollar so when the dollar value falls I think nothing special will happen to Bitcoin but maybe it'll make Bitcoin price increase a little bit cause people will more focus on Bitcoin than before when the value of dollar still high

reda

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Quote from: musliyevich on December 15, 2017, 01:42:32 PM

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?

bitcoin not have direct link into Dollar but surely price will increasing more than now.

many link bitcoin in local paper money more than dollar like china

Bitcoin is never affect the doller. Bitcoin different one. So
no one can't control the bitcoin. It will connect the people. If bitcoin will be accept the USA. It will both of affect it. So
now bitcoin is accept USA so it will not affect the doller. Bitcoin is help to the country improvement.

musliyevich

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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?

bitcoin not have direct link into Dollar but surely price will increasing more than now.

many link bitcoin in local paper money more than dollar like china

Supercrypt

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Quote from: sparveenat on December 10, 2017, 01:30:54 PM

If the dollar falls the bitcoin is going to gain from that nothing going to stop bitcoin as the usage of bitcoin is day by day increasing so anything can be happen so it is time to make strategy to hold the bitcoin and expecting the better result from it.

There would really be a huge gain. People are beginning to understand the idea behind why bitcoin was created and that is making things to get even more interesting.

In the case of USD falling, we can start seeing some people trying to step in to the crypto world most especially when it is already well established. I can imagine what the turnout is going to be like. But I guess for that turnout, we need to wait for more time like years for bitcoin to gain more strength.

hacker1001101001

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I don't think there will be any effect of dollar on the value of bitcoin as the total value of bitcoin is just dependent on the demand of the coin and by looking at the today situation the coin will continue to more and more demand and its price will keep on increasing daily. Crypto currency has no direct relationship with other real world currency like dollar. But still i don't think any currency will replace dollar so easily.

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