Bitcoin Forum

I still didnt got a good answer for how to evaluate bitcoin when the us dollar collapses.

the problem is then other huge national currencies. might have a strict, banking cartel gambling ban, or there arent huge amounts of foreign debt abroad, like its the case with the us dollar and the reserves lying around in east asia.

what do you want to do peg and market bitcoin as part of euro?

wont be that easy, euro gambling is by far less than us dollar gambling despite the stupidity of eurobanksters.

regards

US dollar runs world economy. US Dollar is getting stronger year by year. With Donald Trump's "America First" it is US Dollar to the moon.

Bitcoin is people'e trust for a new system and an alternative asset. Bitcoin will be 3rd tier asset.

Certainly, Trump has strengthened the Dollar by its economic policy, while Europe, Japan and China are conducting monetary dumping (I say that as European). But the question is how long the financial markets - the actual corrective - still support the debt-based economic policy. Right now, Trump and the Dollar seem to be doing well. However, it is by no means certain that it has to go on like this. Markets are sometimes irrational, but so far they have regained rationality sooner or later, usually with big, quick crashes.

If dollar is abolished and replaced by mass-adopted bitcoin, there will be no need for pegging bitcoin with anything. Each currency is just a mean of exchange which represents a certain amount of labour. So when bitcoin defeats the fiat money, the market will just adjust to the situation and pepople will be paying each other in bitcoin without refering to any other currency to check the value.

Actually Gold is the universal investment. Now Russia central banks have 2000 tonnes Gold. USA is the largest holder of Gold reserves.

i doubt americans, europeans, russians, chinese, japanese are not willing to support the americans. and their trade deficit i think.

this is a huge advantage as those respective nations will get much richer with us downfall.

All the financial system is dependent on a dollar, the collapse of the dollar will lead to the destruction of the current economic system with all its currencies "The collapse will be as the dominoes fall."
If this happens, the assets "that have a value" [gold & silver] will replace the current financial system. They may refer to alternative methods such as gemstones and pearl.
In that world, I do not expect a place for Bitcoin, but cryptocurrencies may replace the current financial system.

some cryptocurrencies might indeed take leadership positions, but collapse of us dollar is just a global trust loss against the american banksters ruled by trump, which i expect to be likely, there could be an alternative currency like EU ruling the world after that, and it wont be easy to demonstrate globally a high value because the banks in europe are stricter regulated.

regards

this sustainable high bitcoinprice comes from the gambling banksters in the usa

The strongest exchange rate in some major currencies, the dollar is significant enough that it is often a benchmark for other countries in terms of world economy, no doubt that the united state economy is a reference for other countries, its strength is enormous. affecting world trade, when the dollar collapses automatically affects much of the decline, as well as Bitcoin with bad conditions there will be much destruction and can be called very sensitive to the conditions of the world, it is no different from both, it is just a reference as a means of payment.

US economy isnt strong at all it has the worlds highest foreign trade deficit

A cruise missile has 16 kilos silver and who has fired the most number of cruise missiles 

useless if the supply chain collapses

I hear economists saying the US dollar will collapse with the US economy since decades. Even at school, they were teaching us this. So far nothing happened. And they keep saying soon, soon, soon. Remember the crisis in 2008? What happened then? Banks received thousands of million to fill their bags, printed money by the FED in exchange for the debt's citizens increased.

In case what you think really happens, then I assume we will go back to the old school method and use Gold as a reference but it may be only virtual gold since conspiracy theories say America has no gold anymore or just a few... So we may think as a digital gold, and how people are calling Bitcoin today? The digital gold.

In my opinion if dollar crashes everyone will adopt bitcoin. So it will rise and supply is low and demand would increase . So price would be increase.

US dollar control all worldwide market because US dollar price was increasing very well if we see old history, dollar is much better for bitcoin if we see alternative of dollar than EURO or Gold will be a better option but this is not possible because every market is depend on dollar currency. fact is US dollar never collapse and more investors is with crypto because of dollar - bitcoin trading.

Bitcoin cannot answer to this because US dollar cannot be the currency that can be beaten by anything else in this world. Remember when China tried to took away USD I think. They want war for that. It is in their economy if that happens so the didn't let that happen.

The US Dollar controls the global market. Bitcoin is relatively new in the coming market. This is the digital currency that started to be trusted by humans. The markets are unstable, they can do anything at any time.

What kind of answer are you looking for? You need a little knowledge of math here. For example if usd was 1.0 and then rised by 1%, bitcoin was 1000$ and become 1100 usd, then it's purchasing power compared to 1.0 usd will be 1111usd. Hope you understand what I mean. Here bitcoin is rised in anyway plus your usd has more purchasing power here.

It is better to just stay away from anything American at the moment. A lot of the US ICO projects are not getting the spot light due to Donald Trump and his unpredictable ways of passing the laws.

If the dollar fails, we we almost likely have a failure of other major global currencies, I am nit sure if bitcoin will serve as a good substitute considering the fact that some person hold too large a share,It wont be nice to see some persons richer than a whole country

US Dollar is the first mover of fiat currencies just like BTC for other cryptos. The reasons why a dip of value in dollars damages Bitcoin gravely. Although, if dollar diminishes, I think GBP will take the lead in evaluating BTC.

it is true that the dollar is widely used in gambling, but I think bitcoin will be the main currency in the world for the future.

I assume there will be a time when BTC will make its position more strong that it might also beat the fiat market. Then we will have a large market which undoubtedly accepts BTC without any help of fiat conversion, that makes us fearless about The US $ or other currencies of present leading. On the other hand, President Trump has come up with a firm financial policy to make them leading in currency value. That assures us a bit more.

As I understand the us dollar runs the whole world economy. The value of this currency is stable. Here bitcoin is an alternative option. People start trusting it. So I believe in future bitcoin will be the most important source of transaction. Keep faith on it

Bitcoin is on it’s own way to make a sustainable marketplace. But I think for better solution you can get help from a analysis expert.

there is nothing special about being the first mover, many people run heuristics in their personal situation that resulte in not starting such a projects because they considered certain risks.

I think US Dollar work like a indicator for other fiat currencies just like BTC does for other cryptos. That's why having a dip of value in dollars damages Bitcoin too. But, if value of dollar crashes completely I think Euro or GBP will take the driver seat in terms of evaluating BTC.

I don't think the dollar will collapse in a short time. At least in Trump's regime, the US dollar is becoming stronger. Perhaps after the maturity of bitcoin development, it may become a plan to replace the US dollar.

I think there is a very little chance of US dollar losing its value. It has been regulated and monitored the best way possible by US government for a long time. Recently, Trump government has made some amendments in their economic policy which has strengthen Dollar's position in world economy. As a result making it impossible to crash in market.

A a huge number of fiat currencies of the world depend on dollar, though it is very unlikely for it to collapse but even if it does, other currencies will get affected too. In that case resources like gold, oil, gas may replace them. But, in my wildest of fantasies I want governments to accept Bitcoins in such situation as a alternative currency. This is just my opinion though.

All fiat currencies eventually fail, so it is fact that the Dollar will also meet the same fate. So, we need to look at other countries where their fiat currency failed, to get a answer to your question. One of these countries is Zimbabwe in Africa.

When their economy collapsed and subsequently their fiat currency too, they turned to stronger currencies for more stability. The people started to use the US Dollar and the South African Rand <ZAR> to stabilize the commerce in their country.

So when the US Dollar collapse, <note, I am not saying IF> people will turn to more stable currencies, like :

•Euro.
•Pound sterling.
•Australian dollar.
•New Zealand dollar.
•Canadian dollar.
•Swiss franc.
•Japanese yen.

I am believe when dollar collapse, bitcoin price will rising. Bitcoin is store of value but in digital form, like gold and silver in our real world. Maybe when dollar collapse, bitcoin can be a world currency beside as store of value

it all depends on America! now we are waiting for September - they will approve or disapprove of the crypto currency, because they postponed this meeting for September, bitcoin fell in price! The dollar will never fail! America is a very strong and influential country all over the world!

I find it hard to believe that the US dollar will collapse and be completely obliterated even by bitcoin. Even if the economy fails, US dollar seem to stand strong but if and when it does, the government might opt for something a little more "reliable" and has been around for a long time, such as gold but only because cryptocurrency has not been that long. Who knows, maybe what you are thinking may happen in the future.

I think a good choice after the dollar is Bitcoin, and of course the U.S. is powerful enough that the dollar won't collapse soon. In the future, we may see that bitcoin will gain some market share.

I think the current strength of the US dollar is only temporary.

It may last a year or 2, but the deficits are growing, the economic crisis is still here and looming, western societies are more and more divided ...

At one point the printing of fiat money will be so huge that the inflation will be out of control, and cryptos will rise a lot. It may be in 5 years, perhaps 10 years.

This policy is more often known as "shoot yourself in the foot" as you stab your allies in the back and isolate yourself both at home and abroad.

American economy hangs by a thread, which is supported by countries like China, Japan and Saudi Arabia buying their debt. And these buyers don't seem so interested anymore. They'd much rather be selling it actually. So once they sell enough to cause default, who's gonna buy the dollar?

Oh and a euro reserve is impossible. The Euro is propped up by the ECB's frantic printing spree in hopes of getting people to open their wallets and buy useless shit that they don't need. It won't last for long.

Who told you that the US dollar will collapse?

The dollar will survive all the crypto-currencies.

Bitcoin will be moments to come to life and disappear, but I believe in the very technology of blockchain

You dont need to evaluate the bitcoin valuation when the US dollar collapses because it doesnt matter at all. Bitcoin dont get hampered just because the USD is collapsing itself. Remember that US dollar is just representative unit for the bitcoin which is being used to know whats the value in simple language. Now how do you know how much worth an ounce of gold is ? By saying it is X dollar per ounce, isn't it? What happens when the dollar crushes? It just mean nothing because golds demand and supply defines its prices and thus it doesn't matter whats the USD behaviour is. Same applies for the bitcoin too.

thats not true actually the us economy is in truth weak, the usa has a vast foreign trade deficit https://de.wikipedia.org/wiki/W%C3%A4hrung#/media/File:Cumulative_Current_Account_Balance.png

If there is not a favorable situation with the dollar, it will affect the global economy, and I am convinced that this will not be beneficial for the cryptocurrency market either.

US has been the chief all of the currencies of the world till now, and Trump has even strengthened the economic value of US even more , so there's no chance of otger currencies getting replaced instead of US. However , if US gets replaced, then it's really going to be a destruction because all this time the whole world has gotten uses to US, besides, that way, I'm not sure about Bitcoin, but the other cryptocurrencies will take over the current financial system, but either way that's not really happening, that's what I think.

Every crypto enthusiast would wish bitcoin takes over world's transaction medium though it is not easy as the American dollar mooning. One can hope for the collapse of the dollar but the reality of its possibility less than 2%

thats completely not true. bitcoin isnt very popular among cryptocurrency enthusiasts either.

I hear economists say the US dollar will collapse with the US economy for decades. Even at school, they teach us this. So far nothing has happened, If what you think really happened, then I assume we will go back to the old school method and use Gold as a reference but maybe just virtual gold because conspiracy theorists say America has no more gold or just a few. So we might think of digital gold.