Bitcoin Forum

There is a lot of videos and articles around the web about how the dollar will collapse on 27 September 2016.
I'm not sure how exactly they got this date, even If it's not the real date, It seems like a lot of experts keep saying that a collapse is coming soon.

Assuming that the Dollar collapse indeed , what does it mean for Bitcoin exactly ?

1st rule of market predictions: only ever predict the "what", "how much" and "when" separately. This prediction appears to be predicting all 3 together. Tempting to bet against it (although I don't partake in that kind of gambling)

Seems more like a big conspiracy theory than a real event. Unless something like mr. robot is planned to actually happen, I don't see how anyone can announce a specific date for an event like that.

If the dollar collapses, bitcoin will be worth more dollars, but so will euro and yen and yuan. Purchasing power of bitcoin will not neccesarily increase, it will just become worth a ton of worthless fiat. For purchasing power to increase, we need a mass shift towards bitcoin so that demand will increase tremendously.

The talk of the dollar collapsing has been around for some time I don't think there is any theory to support it. I am not sure what prompted someone to give the date of collapse, given that there are a lot of market dynamics in place. You can not predict such an event unless you have some in house information about an intended event that will cause the collapse.

I also think in the similar fashion. We have already witnessed dollar value drop last year and absolutely nothing happened with bitcoins charts. It was still at steady grow. Back than it was a little surprise for me. Now I know that there is no connection between fiat markets and bitcoin and I love it. This makes bitcoin, despite the fluctuations, the most reliable coin around.
If that is a conspiracy there, than this maybe a good time to buy.

     

Don't use big words if you don't know what they mean please, gentlemen.

Conspiracy does not mean "something that's not true"

Professor Bitcorn made that mistake by predicting Bitcoin would crash to less than $10 in 2014. He might not be a laughing stock if he had only predicted a price without a date.

If the dollar really collapses soon it's affect on Bitcoin would depend on if all the other major currencies also collapsed. If they all simultaneously collapsed Bitcoin would become a safe haven for investors like gold. If only the dollar collapsed investors would move their money into other strong currencies, and Bitcoin wouldn't become a major safe haven.

did kt really makes any sence well honestly i never herd of such even like collapsong a currency and it really happens then i do not think it will effect bitcoin because we exchange some faint currency in exchange of bitcoin

There's a lot of idiocy around the web for sure. While it's reasonable that the reserve currency status of the USD will be replaced in the foreseeable future it is very difficult to make an exact prediction. What information leads to the assumption that the USD will collapse at a single day, on September 27th? Without proper explanation I consider this pure speculation to generate media attention through fearmongering.

That said, if you look at geopolitics, you can clearly see that the USD is loosing its status as a global trade currency. There is an increasing motivation for important powers in the east (China, Russia, Iran...) to use their own currencies for bilateral trade. Also, oil as a main source of energy for individual mobility is on the retreat in favor of (green) electricity. Oil, however is one of the backbones of the USD - the other being the US military. Meanwhile, the US debt has reached record highs...

ya.ya.yo!

I agree that it will not collapse soon, but I disagree with regard to the low effect on bitcoin, if that happen. People will look for other alternatives and bitcoin is the best right now.

The dollar has been one week away from collapse for somewhere around 40 years. It's still doing fine and will continue to do fine.

Yes, people will look for alternatives. But people will buy what they already know. And - compared to the general population, Bitcoin is only known by few people. So there will be some capital inflow into Bitcoin, but the main share will go into precious metals, land/real estate and stocks. I know for a Bitcoiner it's tempting to assume that people become easily aware of the unique properties and advantages of Bitcoin. However in practice, most people don't think a lot about the properties of money, other than that they want to own as much as possible... ;) So only few might realize that Bitcoin is a viable solution to currency devaluation.

On the other hand even a moderate capital inflow into Bitcoin might have a considerable effect on Bitcoin valuation, since the market capitalization and liquidity at exchanges is still quite small. But if you measure Bitcoin valuation in fiat money, a devaluation of fiat money will logically result in a numerical increase in Bitcoin valuation while its buying power might not have changed at all. So it might make sense to determine Bitcoin's worth using a different benchmark (like precious metals).

ya.ya.yo!

this is a very interesting prediction for sure but I have been hearing this before too, and I am not such an expert to give any opinion on this matter but I have got a feeling that it is not gonna fall as they predict it.

as for bitcoin, although it is tempting to think people are going to look for an alternative but I don't think it will be that great an effect on bitcoin in case of a collapse.

This assessment is no better than the scare stories. The dollar will not continue to do fine, nearly every economic trend is stacked against it.

We have to wait to watch what happens.If bitcoin and dollars both depreciate,which is the case at present,than nothing is going to happen.If bitcoin goes up and dollar falls down,people will start buying bitcoin giving it further push

there is no direct impact on bitcoin if dollar collapse.  It's that bitcoin will get higher in terms of dollar since dollar is devaluating but the actual value still the same unless people will try to exit and convert their fiat to bitcoin, that way it will greatly affect bitcoin by creating a bubble, an increase in price than is followed by  a steep decline.

First off , I don't think dollar will collapse because it is backed by petro-dollar which is its real strength. As long as petrol will be traded in dollar forget about its collapsing. There is no alternative of dollar right now neither Bitcoin can do much. I think this is also a type of hype to attach bitcoin or other assets with these types of imaginary events. I really don't believe in these so-called web based financial experts they have said many things over the last years and nothing happened yet.

Yes, you right but where did you get the impression that we dont know the meaning of this word? Conspiracy is or maybe real but from its fundamentals turns out that its unreliable and non constant. Some thing may go wrong and conspirators will forfeit their plan, human factor or any other may cause the plan to go sideways etc.
Ergo, even if real the consequences are hard to predict.
Besides traces of conspiracy will be hidden for long time after, so we cant say anything for sure.

btvGainer sums it up nicely. We have to wait a little and see.
I'm sure next bubble is on the way, rather small and stable.  
 

Bitcoin will not be impacted much by a dollar collapse maybe just a little. What I want to answer is why nothing will happen on 27 September 2016 and that this is just a conspiracy theory very common in our time. The reason nothing will happen is simple and that is dollar depends on US economic data and the interest rate of Federal Reserve. Both these are positive for dollar nowadays and I don't think this will change for just 1 month. USA is on the most perfect economic times with the unemployment rate in the minimum possible 4.9% to 5.1% during the Obama mandates. Interest rate is positive so everything is looking perfect for the moment. I wonder how can people possibly vote for Trump and against Obama.

I dont think it will give any effect or impact to bitcoin, bitcoin doesnt rely on dollar or any currency, bitcoin is the depend on the user and how the user spend the coin, so there wont be any chaos or panic if the dollar crash, but if the dollar crash, i will have more dollars if i sell the coin and if i wait for the right timing to trade it, then maybe I can earn some profit

Really? 27? Who' Said that?
No one can predict what will happen on the market especially predict the date.

And for your question, bitcoin price is based on dollar rate.
I think bitcoin will get in high position, because of demand will increase from peoples with another fiat.
They change their money for dollar, and then buy bitcoin.

I'm still not convinced you know what "conspiracy" means. You've changed from "things that aren't true" to "things that may or may not be true".

Genuine conspiracies are both proven and disproven, every week (maybe even every day) in legal courts all over the world. The definition of the word has nothing to do with any certainty in provenance. It's an adverb (not the adjective as you keep using it) that describes a form of planning.

i don't trust these speculations to be honest as it really uncertain and can't be proven but i guess when dollar getting collapsed those dollar holders will moving their wealth to bitcoin and will result increase in demand so definitely a price rising
beside all of it,the speculation is not really bothering me because it's unreasonable so don't care too much to this news i guess

these have been mostly youtube videos like this https://www.youtube.com/watch?v=9Z5py1098RA and honestly i don't find it as a proof of anything collapsing, maybe some drop hype but not a collapse and all these news looks more like a hoax go me, but it is just my opinion.

I do believe that the dollar wont collapse for now. But if its happen bitcoin will go up. Like what happen in China, when their economy collapse the bitcoin fly to the moon.

there is always the possibility of solar flares disrupting the powergrid. im praying this happens later than sooner but its good to be prepared with food and water just in case

wow, they should have big confidence to say that date. but it's still not 100% proof until 27 September.

if it will happen, bitcoin will worth more, the price will increase, and this is what we all are waiting.

but question is will dollar collapse?


alot said same for the GBP that it will crash because of brexit but it picked up in value again

September is really near and there is no any sign of dollar collapsing soon but i have also heard that one day market will not remain USD dominated so may be we will see BTC dominated market.  ;)

Let's hope it's not true. Historically, every time there has been a global economic "collapse" there has been a major war that killed a bunch of young people.

Wait a minute, I'm older now and can't be drafted so I don't really care. I hope there's a dollar collapse. lol

Bitcoin relies on a solid global infrastructure. Providing the crash does not harm the infrastructure Bitcoin uses (consistent electricity, Internet service, bandwidth, etc.) then Bitcoin could do quite well. Unfortunately, infrastructure survival in a major crisis is anybody's guess.

a precise prediction like that is almost certainly bullshit. unless something big is going to happen and you know it already, which i doubt since you would not talk about it or i would be possible to prevent it. but if the dollar crashes then the USD/BTC price will rise, but any other currency XXX/BTC should be more or less stable.   

People will simply look for other options to land on as being a safe haven. Gold will most likely receive the major part of the attention and the money coming in, but I'm sure Bitcoin will lift up as well. Especially because of the fact that they can set the government off side via this way.

this is what i am also thinking. in case what op says comes true people will go to other familiar things like Gold, or other currencies like Euro they will not suddenly start thinking bitcoin is a good investment and lets do it. although bitcoin may feel the effects too and go higher.

it did nor happen yet, but every time such a thing happens, people look for alternatives. so some of them will check bitcoin. let us hope the will educate them self properly and pray for the community to behave decent.

I'm not sure, there are too many variables but the USD is at its lowest value in a long time. I'm 100% pro bitcoin & a HODLER but if Trump gets in the dollar will do very well. It can't do any worse can it?

well i think it would grow a little bit more if dollar goes down because more people would jump into bitcoins then

Sounds like another date that will come and go, the internet is full of doomsday predictors  :o

I don't think it will affect bitcoin at all....

OSS, there have been videos predicting the demise of everything since the beginning of videos,  and they sound nice but they're mostly made by prepper whackos who want the value of precious metals to rise.  If the dollar collapses, metals would definitely rise, but I'm not so sure about bitcoin.  In either case I'm definitely not looking forward to the collapse if/when it happens.   That's bad news for all of us.

Those are the guys making the most money out of the dollar collapse other than the oligarcs and big investors like soros and the smart people in hedge funds: the doomsday type of guys like alex jones.

Im not saying the dollar will not collapse but common, its going to take a while.

exact dates are unreliable, remember when the world ended in 2000, 2006 2012, etc.?

i have heard so many predictions that never came true.

The truth is, the dollar will collapse eventually, and actually quite soon, as it is clear the dollar (and fiat in general) is nearing the end.

and this means the era of cryptocurrency will start.

It's unlikely people will use gold and silver because it's just not convenient. And crypto is then the only option if they don't want to stay with the fiat system.

Of course gold and silver will get more valuable as well, but still not as much as bitcoin.

I haven't seen any of those videos. I haven't read any of those articles. Don't you have any link if here are so many of them? I always check an info...

Bitcoin will stand in another currency like the value of one bitcoin in the dollar at this time is $590 but in another currency like euro with 516 and then the dollar is collapse and we will cross out the dollar and stand in euro for the value and that is not the ending of bitcoin.

I am excited to see what will happen with this.  The issue is that Bitcoin is not primarily used in the USA, so the dollar collapse will have an effect on it, but I am not really sure how much of a difference it will make.  Bitcoin is not based currency off of some gold standard, so I am not sure how exactly the impact will make it work, but I am thinking of transferring  few hundred into bitcoin to see if I can make some one off this!!
P.S.  I do not think the dollar will collapse, I just like to think of the possibilities if something like that should ever happen.

1. People are speculating about collapse of US monetary system long bfore any of us was born. That doesn't mean anything.
2. The longer the bubble the longer it takes to pop. USD is number 1 leading world currency for over 100 years. It might be here even after we will be dead.

But also:

1. Collapse of USD is meant to happen at some point. We will be fools to believe that crisis can be averted. The question is only when and how.
2. It will cause the biggest global economic crisis in the modern history.

the question for me is how hard will the crisis hit us. and i do not talk about a specific crisis. maybe it is the dollar, maybe it is something different in the financial word. my point is, that the media coverage these days is so sensational that it might seem like there is no tomorrow. so even if it is not the biggest crisis the media will make it appear so and people like always will eat it up.

i hear this almost once every year and it never happens in the scales they are predicting and dolor continues being as it is.
but in case it happens i am sure bitcoin will rise up but again not as big as you may like it to rise, because there are many other things that will go up instead of dollar in case of its collapse.

The dollar has been saide will collapse around 40 years. It's still doing fine and will continue to do fine.

Dollar has been so strong lately, why collapse? I mean you have to trust what you see, not theory.
In theory, everybody is devalue their currency, probably Euro will collapse because EU may break up, but it is  long shot.

If the dollar were to collapse even partially.   I believe all assets would go up when compared to the dollar, including gold, silver, stocks, bonds and bitcoin.   Just because when people panic they start moving money around.   

Dollar will collapse, it is still prediction from another people even if it is come from experts of economic. And if it happen i think bitcoin will more famous and there are many people who use it because bitcoin does not has regulator.

i think chinese yuan will be the next power for replace dollar system, then chinese adoption bitcoin system for online transaction, use his own legal cryptocurrency, because chinese now focus at blockchain system for handle each online transaction ::)
refference : https://www.cryptocoinsnews.com/chinas-plans-launch-currency-might-affect-bitcoin/

Yes it's doing "fine" due to massive manipulation by the elite.
However, it doesn't need the dollar to collapse for Bitcoin becoming successful.
Bitcoin can and will coexist with the fiat currencies.And over time the pieces of the pie Bitcoin can get will be bigger and bigger.
That's totally fine to me. :) :)

just google it, there are a lot of stuff written about the dollar and that it is going to collapse soon, maybe not that fast but soon

edit: here it is https://www.youtube.com/watch?v=9Z5py1098RA though i doubt he can predict the date 100 per cent

Bitcoin owes it's very existence to fiat currencies.

Without them Bitcoin is worth zero dollars in the eyes of the community.

Until Bitcoin is given worth otherwise I can believe nothing else.

Please provide a better argument and analysis for the collapse of the dollar and then we can discuss what it would mean for Bitcoin. We have already seen this and heard of this before. But up until now the US Dollar is still the reserve currency. As long as America remains a super power the Dollar will remain as the reserve currency. George Soros and his Illuminati friends will see to that.

don't it mean like bitcoin shall also collapse?
I would consider betting on binary option if that happen.  if lets say BTC/USD is going down, it should mean that EUR/USD can have a bull trend right?

with that logic, gold, stocks and oil are also owing their existence to fiat currencies and without them they would go to zero something that we all know is not right and is the exact opposite. meaning they would go higher when dollar collapses.

And how could they take the advantage for dollars collapsing?  Do you see what happen on global financial crisis all nations are affected to that and maybe a crisis again will be happen if usd will crash. , and another maybe if dollars will crash a  big possibilities that bitcoin or any goods will be collapsed also because we all know that bitcoins are at dollars based price we cannot tell what worse will be happen to it when that bad scenario will be really happen in the near future.

US dollar won`t colapse.USA is still the biggest economy in the world and the largest buyer.

All the other big countries like China and Germany export goods to USA and they need a strong USD.

More than a half of the world is using US dollars.There is no way USD to colapse.

...

Yeah well I too have watched all the doom porn for a long time (and actually enjoy it as entertainment).

There ARE serious problems in the financial system however.  There are also threats, which are hard to quantify much less predict, about actual disasters like a dollar collapse.

Anyone who has any concerns (I do) should consider diversification outside of the financial system, including Bitcoin.  My *guess* is that a horrible collapse of the US$ would take BTC with it...

Hyperinflation in the USA (same probably for Europe) might be good for Bitcoin.

I would not have a very high percentage of (your net) assets in Bitcoin.  1% - 3% max.  Bitcoin is a great speculation though.

You have an exact point. its not only bitcoin would be affected but  all those things that are connected to dollars which is almost all dependent into it and its been used worldwide. If it crash then for sure those  things would crash to since they are dependent to each other. How much more in bitcoin? it would definitely decrease its price too.

i dont think that it just wont collapse sooner or later it will come to an end in my opinion and bitcoin will have a possibility to replace it

Let's say the dollar collapses for some reason, just theoretically. Maybe even the whole fiat system.
Would it be possible to attach the bitcoin price to gold then?
Such as, 1btc = 15oz gold?

The way to look at it, there are many currencies in the world, US dollar, Euro, Japanese yuan, Canadian dollars ...
Which one will be the first to collapse?
I guess it will be Euro.

yes of course. as long as the dollar exists there will always be a exchange rate USD/BTC. but if nobody will be using it, then no exchange will display it and they wont offer to exchange to dollar. same goes for bitcoin and gold. there is an exchange rate but not many exchanges list it since almost nobody is offering to exchange gold for bitcoin.   

I don't think the dollar will collapse for now, but once that happen bitcoin certainly could go up, like after the events in China last year.

I don't see USD collapsing any time soon. it could end up being replaced by something else, but it won't collapse overnight like some people like to believe. it'll be a slow process that will consume and destroy economies all over the world before having any real effect on US economy. It will happen, but calling it a "collapse" is not accurate. more like transformation. who knows, maybe eventually the US goverment will realize they can't keep printing money forever and create some kind of hybrid USD-crypto currency?

Well actually they can keep on speculate, but even though it really happen, nothing will happen to bitcoin because bitcoin price is not related to dollar, we only use dollar as a comparison on how much we earn and how many things can we bought

when dollar collapses every single fiat currency will collapse for sure, in my opinion bitcoin then will take over and it will grow a lot