what will happen with the BTC, if the dollar falls - page 8.

Quidat

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Quote from: geopolisch on December 14, 2017, 06:26:32 AM

Quote from: Cryptotoken55 on December 13, 2017, 04:05:00 AM

I think in this case bitcoin is simply recalculated in equivalent to any other currency. But in the foreseeable future, it is unlikely that something will replace the popularity of the dollar.

Bitcoin and dollar both are entirely different currencies. There is nothing in common in both other than this that bitcoin’s market value is calculated in dollar.

In case the market price of dollar falls, it will hardly have any kind of negative effect on bitcoin. In fact, the market price of dollar in that case will rise even higher as the worth of dollar will be low at that time. This will help the investors and owners of bitcoin in significant manner.

I would say it would surely make an effect into bitcoin since we do know that this is the first local fiat currency which tied up with bitcoin on where it do get its value.For now you can able to purchase bitcoin on other local fiats which incase dollar would crash down then it can simply switch into other local fiat to get its value its just like that but knowing dollar it wont be an easy thing to happen.

coinplus

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Quote from: Xzhyte on December 10, 2017, 12:34:51 PM

I dont think dollar will fail. But if it does, more people would switch to cryptocurrencies. So I think, bitcoin price would raise.

Forget the whole manipulations and control going on bro, USD can fall and it is going to reach that crazy stage one day. The Feds may still be doing a pretty good job now, but I really wonder how long it is going to last.

Anyway, once we start seeing fiats and not just dollar, crashing and people are getting to find a better way to store their money not just in BTC but cryptocurrency, and then we should see a huge fall in for bitcoin and likes which would lead to massive increase in value. Main essence of it anyway.

CaterpillarRave

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BTC is not relevant. If the dollar falls. I think btc will be higher and higher. Because it is calculated according to the STS

geopolisch

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Quote from: Cryptotoken55 on December 13, 2017, 04:05:00 AM

I think in this case bitcoin is simply recalculated in equivalent to any other currency. But in the foreseeable future, it is unlikely that something will replace the popularity of the dollar.

Bitcoin and dollar both are entirely different currencies. There is nothing in common in both other than this that bitcoin’s market value is calculated in dollar.

In case the market price of dollar falls, it will hardly have any kind of negative effect on bitcoin. In fact, the market price of dollar in that case will rise even higher as the worth of dollar will be low at that time. This will help the investors and owners of bitcoin in significant manner.

rickadone

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Quote from: alani123 on December 10, 2017, 12:15:53 PM

It would be very much likely that there would be a rush to buy Bitcoin just as there used to be with Gold. However, this could only serve a certain part of the population as it would not be very convenient for corporations to try and secure assets through Bitcoin. Only those with a high risk tolerances would prefer Bitcoin, the number of those interested eiumd depend on how much the dollar could fall.

Yeah, people think they have seen the rush so far, but this is little compared to what is incoming.
A lot of people are beginning to consider cryptocurrency as the best spot to shift to right now for future spending and considering the fact that adoption is going to get huge, it would be easy to start exchanging cryptos which would make it even more appealing. So, in the issue of dollar falling, we should consider a massive rush to crypto.

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Quote from: supermine on December 13, 2017, 12:13:22 PM

Quote from: canaveralnonie on December 13, 2017, 05:42:01 AM

I think it's not related or affect the value of bitcoin. Bitcoin is not based on dollar or any currency in specific country, that's why it will continue to sustain and hold the value of Bitcoin. Bitcoin is base on how many users , mining and many more. Correct if I'm wrong, thanks in advance.

Yeah,bitcoin value is not based on the value of dollar and also not based on the mining.The value of bitcoin is based on satoshi if satoshi price falls the bitcoin price will fall too.So the price of bitcoin will increase in terms dollars if the dollar price falls.

I still continue searching information about this how the bitcoin go on top or whatever. I'm still a newbie and lack of experience and idea. Can someone please give me some link and facts about how bitcoin got his value. Thanks in advance.

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Quote from: dhas on December 10, 2017, 08:23:32 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?

Well I think if the value of dollars fall down,
Then the value of BTC will also crash down.
Since bitcoin is just for online transaction only and has no physical appearance,
Means its still depend on dollars.
And the dollars are the universal money currency so far.
So it has a big effect in the value of bitcoin the rate of the dollars.

Everything you have said does not even fall into play and I am sure you really do not even understand what makes bitcoin tick. Firstly, the value of USD does not have any single thing to do with USD. Bitcoin is decentralized and the only set of people controlling bitcoin's value is you and I, except for some few whales which even now things are not really the way it used to be for them.

Crypto world is a totally different world and the craziest that could even happen is people dropping their USD for BTC, what do you think that would cause? A huge increase in the price of BTC.

Rozcobs

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Nothing will happen with the BTC if something happens to the Dollar falls. They are different in currency, so they have different course of action in terms of trading and how people use it. Bitcoin amount will rise up more that time then may double the price per bitcoin. I think that's the case.

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I think nothing will happen

supermine

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Quote from: canaveralnonie on December 13, 2017, 05:42:01 AM

I think it's not related or affect the value of bitcoin. Bitcoin is not based on dollar or any currency in specific country, that's why it will continue to sustain and hold the value of Bitcoin. Bitcoin is base on how many users , mining and many more. Correct if I'm wrong, thanks in advance.

Yeah,bitcoin value is not based on the value of dollar and also not based on the mining.The value of bitcoin is based on satoshi if satoshi price falls the bitcoin price will fall too.So the price of bitcoin will increase in terms dollars if the dollar price falls.

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Quote from: CoinsInvest9 on December 13, 2017, 09:11:44 AM

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?

China is second economy at the moment after America and many specialists were guessed China will soon pass America to become the largest economy in the world but my opinion the YUAN is difficult to replace Dollar at least in next 50 years. Reasons:
Although China is second economy in the world but Per capita income is low compare America and Japan, moreover technology of china was almost steal from others countries. So i dont believe china can become leader of the world and YUAN can't replace dollar

I thing is not possibly. Dollar will be fall bitcoin not fall. So it deiffer with the bitcoin. But bitcoin will be accept USA bitcoin will be down. So it connect the any way for the use to future growth. Bitcoin is will be useful to for the future growth. Bitcoin is good to for future people. But it will know the bitcoin process befor people will be use.

CoinsInvest9

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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?

China is second economy at the moment after America and many specialists were guessed China will soon pass America to become the largest economy in the world but my opinion the YUAN is difficult to replace Dollar at least in next 50 years. Reasons:
Although China is second economy in the world but Per capita income is low compare America and Japan, moreover technology of china was almost steal from others countries. So i dont believe china can become leader of the world and YUAN can't replace dollar

canaveralnonie

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I think it's not related or affect the value of bitcoin. Bitcoin is not based on dollar or any currency in specific country, that's why it will continue to sustain and hold the value of Bitcoin. Bitcoin is base on how many users , mining and many more. Correct if I'm wrong, thanks in advance.

michkima

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I stand firm with my belief that it will not have any effect at all. The popularity of Bitcoin has nothing to do with the popularity of US Dollar. Neither does the popularity of US Dollar has something to do with Bitcoin. These two are independent of each other yet they necessarily exist. They are just given its equivalent or conversion rate for investors to know how good both are doing in the market. Perhaps, it is just like a benchmark to see how the economy is doing at present.

Cryptotoken55

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I think in this case bitcoin is simply recalculated in equivalent to any other currency. But in the foreseeable future, it is unlikely that something will replace the popularity of the dollar.

LuanX3

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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?

I think there is no relation at all. Or should I say, the drop of US Dollar is not directly proportional to the price of Bitcoin. Remember we only do cloud conversion of Bitcoin to US Dollar for us to have a gauge how much 1 Bitcoin is, similar to that of stock markets whereby almost all currencies have US Dollar conversions. Hence, Yuan replacing Dollar in the future has nothing to do with the cryptography.

kyanscadiel

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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?

Yuan will never replace the Dollar currency. It is merely impossible to happen.and about bitcoin to a dollar, I think it doesn't effect the value of bitcoin if the value of Dollar falls down and as far as I know the value of Bitcoin is not even related to the dollar. Therefore, if the dollar falls down it will never take effect to the value of Bitcoin. These two currencies is different in many forms.

Kevin77

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Quote from: malikusama on December 05, 2017, 01:42:27 PM

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.

Dollar is indeed a different market entirely even though it is still somehow intertwined in the crypto world being a currency and since bitcoin's value is being tested against the dollar. However, with people saying that crash in USD will affect Bitcoin simply shows how ignorant they are.

In the worst case scenario that dollar is even losing its value in the market, just like you said, attention just like we are seeing right now will be focused on bitcoin and people will find solace instead and that of course will even make the value of bitcoin to keep rising. However, a fall is normal and for those trading the Forex market, understands that better.

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Quote from: lenovo16 on December 12, 2017, 08:30:38 AM

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?

Oh well I think if the their was case come that the US dollars fall down. And hit the lowest price that it could be possible. Then it will bring a big effect to the bitcoin price. Why ? Because if the dollar falls down it means that if we sell our bitcoin, we could just have a lowest exchange from it since the value of dollar are not competetive in the market

Your right mate, but as I can see bitcoin price was depending to the universal currency. So if the dollars value fall down there's a possibility that bitcoin value decreasing too, but since dollar value are still growing up the exchange to bitcoin value is also increasing. Hoping that value of both are continuously raising up.

lenovo16

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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?

Oh well I think if the their was case come that the US dollars fall down. And hit the lowest price that it could be possible. Then it will bring a big effect to the bitcoin price. Why ? Because if the dollar falls down it means that if we sell our bitcoin, we could just have a lowest exchange from it since the value of dollar are not competetive in the marketm

Topic: what will happen with the BTC, if the dollar falls - page 8. (Read 3421 times)