What will bitcoins be worth if the dollar crashes?

[dank]

Or should I say when the dollar crashes, as it is inevitable?  Will they be worth anything if there is not widespread adoptance?

Is it possible the fed knows the dollar will crash before bitcoin is widely accepted through society which is why they are making no effort to stop bitcoin?

[beetcoin]

i've said this a few times, and i might sound crazy, but government agencies have been buying all of those ammunition reserves.. it could be that they anticipate that everything will crumble.

who knows how much a BTC will be worth.. maybe $10 million if it crashes? that's factoring in the hyperinflation though, where a house will cost you maybe $50 million 

[dank]

But if the dollar is equal to zero, $10,000,000 x 0 = $0.

Doesn't sound crazy to me man, I'm anticipating the dollar to fall in the very near future.  This should be something to think about.

Furthermore if the dollar crashes, will we have electricity to use bitcoin?

[beetcoin]

as long as the united states is around, there will be a dollar.

[Bigeyeone]

Please explain what arguments you have for a USD crash

USD has been around for a long long time and yes there is inflation, like a couple % a year which is done on purpose because mainstream economists belive a little inflation is good for the economy, because it supose to encourage spending. The FED has been managing the inflation of the USD for how long now , a century ? why do you think all off the sudden we are going to see hyperinflation now ?

[jbrock11]

Imo, Bitcoin will be well into the hundreds of thousands ( or more ) per Bitcoin, if and when that does happen. So it's kind of a moot point.

[Bigeyeone]

Imo, Bitcoin will be well into the hundreds of thousands ( or more ) per Bitcoin, if and when that does happen. So it's kind of a moot point.

It is not a moot point at all, if you believe the $ is going to hyperinflate you better get rid of all your $ and put them in BTC or something else that you you think  is resistant to price inflation

[Raghnar]

Is it possible the fed knows the dollar will crash before bitcoin is widely accepted through society which is why they are making no effort to stop bitcoin?

Invalid premise.  They are doing a lot to slow down and stop bitcoin and they will continue doing so.

[Raghnar]

And the dollar won't collapse anytime soon.  The poor and middle class will be robbed even more to pay the bills of the .1% before the dollar really meets its maker.

[jbrock11]

It is not a moot point at all, if you believe the $ is going to hyperinflate you better get rid of all your $ and put them in BTC or something else that you you think  is resistant to price inflation

The point was that if you're well invested in BTC, once the dollar does crash, the price will be so high that it really won't matter if it doubles, triples, etc.. You'll be well off financially regardless.

[dank]

Please explain what arguments you have for a USD crash

USD has been around for a long long time and yes there is inflation, like a couple % a year which is done on purpose because mainstream economists belive a little inflation is good for the economy, because it supose to encourage spending. The FED has been managing the inflation of the USD for how long now , a century ? why do you think all off the sudden we are going to see hyperinflation now ?

The government knows the dollar will crash one day or another.  Why would they want it to crash only to give rise to a competing currency?  Would it not be in their best interest to plan a controlled demolition of the dollar, before any competing currency is mainstream enough to replace it?

All it takes is a few of the highest banksters to sell their stock and the house of cards falls to the ground.

Is it possible the fed knows the dollar will crash before bitcoin is widely accepted through society which is why they are making no effort to stop bitcoin?

Invalid premise.  They are doing a lot to slow down and stop bitcoin and they will continue doing so.

Ben Bernake on bitcoins:

Historically, virtual currencies have been viewed as a form of “electronic money” or area of payment system technology that has been evolving over the past 20 years. Over time, these types of innovations have received attention from Congress as well as U.S. regulators. For example, in 1995, the U.S. House of Representatives held hearings on “the future of money” at which early versions of virtual currencies and other innovations were discussed. Vice Chairman Alan Blinder’s testimony at that time made the key point that while these types of innovations may pose risks related to law enforcement and supervisory matters, there are also areas in which they may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.

Does this seem right to you?

They could outlaw them in a heartbeat if they wanted, though there has been no significant effort to stop bitcoins.

[Kazimir]

as long as the united states is around, there will be a dollar.

Just like Zimbabwe is still around, and likewise, their dollar is still there as well.

[odolvlobo]

Dank?

What are you doing writing a post that doesn't appear to be drug-induced? I don't know how to respond.

[dank]

Haven't really done that since 2012 mane.

[bryant.coleman]

If the dollar crashes, then the Bitcoin exchange rates will be published with respect to gold. Or more realistically, against the Euro, UKP, CHF or CNY.

[beetcoin]

Please explain what arguments you have for a USD crash

USD has been around for a long long time and yes there is inflation, like a couple % a year which is done on purpose because mainstream economists belive a little inflation is good for the economy, because it supose to encourage spending. The FED has been managing the inflation of the USD for how long now , a century ? why do you think all off the sudden we are going to see hyperinflation now ?

do you know how much they have been printing out each month? about $85 billion. the rate they are creating new dollars is unprecedented.

look at the roman empire. money was diluted, the economy started staggering, and people didn't spend their money. that is where we are at this point.

[Abdussamad]

as long as the united states is around, there will be a dollar.

Just like Zimbabwe is still around, and likewise, their dollar is still there as well.

Not really. They use the USD.

[jbreher]

do you know how much they have been printing out each month? about $85 billion. the rate they are creating new dollars is unprecedented.

Bernanke started the 'taper' last week. We're down to $75B/month. Or about $250 per month of debt heaped atop the heads of every man, woman, and child in the US.

[luqash3]

I wish economies remain stable as the crashes in world market could have terrific impacts on everyone. I guess USD will not crash but bitcoins will make a good place for itself like $2000 for a bitcoin could be a great one. Long live entire globe economies

[bluemeanie1]

Or should I say when the dollar crashes, as it is inevitable?  Will they be worth anything if there is not widespread adoptance?

Is it possible the fed knows the dollar will crash before bitcoin is widely accepted through society which is why they are making no effort to stop bitcoin?

I think they are terrified that alternatives are becoming available and there's only so long the public is going to accept the "it's for your own good" excuse.