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Author Topic: What will happen to Bitcoins if the $ collapses?  (Read 2198 times)
BTCisthefuture
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January 21, 2014, 05:00:28 AM
 #21

Welcome to the experiment of bitcoin Smiley  ..   What would happen to bitcoin if the dollar collapes, I have no idea. It could be a bad thing or a great thing for bitcoin.

I personally don't want to find out though in my lifetime.  If the dollar collapses MANY people are going to suffer alot regardless of what happens with bitcoin,  and I wouldn't want family or friends or myself to have to experience that.

Hourly bitcoin faucet with a gambling twist !  http://freebitco.in/?r=106463
DeeSome
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January 21, 2014, 04:19:31 PM
 #22

if the dollar collapses, then bread, bottled water, milk and everything else would be worth more dollars.. EG $100 for something normally worth only $1.

this would then make bitcoins worth (using the same exampled multiplication) 1BTC=$100,000, whilst at the same time 1BTC= only EUR1000 due to the euro not collapsing

I think this is probably the most sensible answer, and since you won't be able to buy a loaf of bread with a rare oil painting or a bar of gold (think of the change problem) then Bitcoin will become the currency of choice.
Johnny Bitcoinseed
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January 21, 2014, 04:29:38 PM
 #23

One indisputable fact:  if you have food on hand, you can eat it.

Maybe not so if all you have on hand is gold or bitcoin or cash or anything else.

Do yourselves a favor: store at least several months of food in your pantry.  Best to have more, but that is a good start.  Then get yourself a store of everyday items you use on a regular basis, then cycle through it replenishing as you go.

Now you have locked in value that no inflation can take away from you and you are safe to live another day come what may even if stuff becomes unavailable.

THAT is the greatest investment you can ever make.  Plain and simple that nearly anyone can do.

Words to the wise.  Ignore if you wish - I may just be selling you some of my stash at a tremendous premium and you will be glad to get it.

Sincerely I am, Johnny BitcoinSeed .com
mhmgs
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January 21, 2014, 05:17:45 PM
 #24

Dollar may collapse within years. All possibilities can seen in a bubble economy. One world currencies like Bitcoin, Litecoin may lead the world.
unitedminers.eu
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January 21, 2014, 05:22:39 PM
 #25

Dollar may collapse within years. All possibilities can seen in a bubble economy. One world currencies like Bitcoin, Litecoin may lead the world.

sure!
Mavrick
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January 21, 2014, 06:45:40 PM
 #26

this is why bitcoin exploration into china is so important as the most traded currency in the world the yuan would offer the bitcoin not only more value but also more protection , this will not only ensure bitcoins survival but bitcoin will flourish.
EvilPanda
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January 21, 2014, 09:09:15 PM
 #27

There was a topic about this somewhere. If the $ collapses you will have a lot more to worry about. Think of all the people who don't have any other valuables just live day by day in their rented appartment, paying for everything with fiat. They'll be the first to grab their guns and baseball bats.

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