What if US Dollar Crashes?

[Zadicar]

I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?

If the Dollar crashes then there is nothing that people are going to do but it is going to effect the Bitcoin trading because most people trade in for the US Dollar

I'm afraid that most people are trading Bitcoin for the Chinese Yuan nowadays, and I also heavily suspect that the BTC-CNY trading volumes are orders of magnitude higher than those of the BTC-USD pair (in Bitcoin terms apparently). If you feel unsure about the reality of this, you may want to check for yourself at coinmarketcap.com. Just in case, the daily trading volume of the top 5 Chinese exchanges that trade only BTC-CNY and LTC-CNY pairs exceeds 4M bitcoins. Which makes up about one fourth of all bitcoins mined up to date. It should be evident by now that the US dollar is not the only pebble on this Bitcoin beach...

Not even speaking of how far is it from being the biggest one at that

China is progressing now so I am not surprise if the volume increases, and they have also the biggest mining businesses in the world so I guess it would be a competition for the china and the US now for the biggest volume of ownership of the total bitcoins in the market.

No doubt the Chinese will win this competition. They have the largest bitcoin mining sites and I think they also have the biggest population using bitcoin. I think I am fine with it as long as they do not manipulate the price of bitcoin.

We could not be sure of  on  who posses the  most bitcoin on  different countries  because we really dont  know their  full potential and capacity and  we dont  know   regarding  on their  hidden transactions. But as you said  china hold the most  biggest  mining farms of the world. Back to  topic if US dollar crashes   for sure many  would be affected.

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[agustina2]

No doubt the Chinese will win this competition. They have the largest bitcoin mining sites and I think they also have the biggest population using bitcoin. I think I am fine with it as long as they do not manipulate the price of bitcoin.

No doubt that Chinese have the most owned mining sites today but I don't believe that the most bitcoin population are in their country.

I don't have the stats but we aren't sure where in the world has the most bitcoin users. No worries about manipulation since today manipulation must be done with the help of the community and not only by the big holders.

[danherbias07]

No doubt the Chinese will win this competition. They have the largest bitcoin mining sites and I think they also have the biggest population using bitcoin. I think I am fine with it as long as they do not manipulate the price of bitcoin.

No doubt that Chinese have the most owned mining sites today but I don't believe that the most bitcoin population are in their country.

I don't have the stats but we aren't sure where in the world has the most bitcoin users. No worries about manipulation since today manipulation must be done with the help of the community and not only by the big holders.

They do have the bigger portion also. They are trying to hoard every money that they can make from gold to money reserves. They want to be the strongest country in the world that is why they are doing that. Russia is also hoarding a lot of gold to make USA have problems with investments. China can do that since they have a different government which is really strong in terms of money.

[deisik]

I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?

If the Dollar crashes then there is nothing that people are going to do but it is going to effect the Bitcoin trading because most people trade in for the US Dollar

I'm afraid that most people are trading Bitcoin for the Chinese Yuan nowadays, and I also heavily suspect that the BTC-CNY trading volumes are orders of magnitude higher than those of the BTC-USD pair (in Bitcoin terms apparently). If you feel unsure about the reality of this, you may want to check for yourself at coinmarketcap.com. Just in case, the daily trading volume of the top 5 Chinese exchanges that trade only BTC-CNY and LTC-CNY pairs exceeds 4M bitcoins. Which makes up about one fourth of all bitcoins mined up to date. It should be evident by now that the US dollar is not the only pebble on this Bitcoin beach...

Not even speaking of how far is it from being the biggest one at that

China is progressing now so I am not surprise if the volume increases, and they have also the biggest mining businesses in the world so I guess it would be a competition for the china and the US now for the biggest volume of ownership of the total bitcoins in the market.

The Chinese Central bank has been constantly devaluing the Chinese Yuan during the last two years:



So it is no surprise that the wealthy part of the Chinese population are looking for alternatives. The US dollar might have been a good option after all, but I don't think that the general public in China has easy and unimpeded access to foreign reserves (at least, in the range of thousand dollars). In this way, Bitcoin seems to be the ultimate choice for the folks there

[Universat]

If there is one thing that cant crash than it is the us dollar becuase we all know that there are to many people who are using the us dollar so he wont crash for sure you have to trust me he wont.

Exactly, I am totally agreed with your words, USD is accepted worldwide or it is a currency that is accepted in almost any country and for international market USD is used as a payment method so how would dollar crash after having that much importance in the market.

yes that is a fact that USD is one of the most popular currency of the world and most of the countries are using USD for trading and their economy is also depending on USD therefore it is really difficult that USD will ever crash.

[mindrust]

USD is bound to crash as all the other FIAT currencies.

Imagine that if USD becomes very very powerful... Then how would people be able to buy iphones? Apple would go bankrupt instantly. That will result in total collapse of the USA.

FIAT should lose value in time. If it gains value, there is something wrong.

[deisik]

No doubt the Chinese will win this competition. They have the largest bitcoin mining sites and I think they also have the biggest population using bitcoin. I think I am fine with it as long as they do not manipulate the price of bitcoin.

No doubt that Chinese have the most owned mining sites today but I don't believe that the most bitcoin population are in their country.

I don't have the stats but we aren't sure where in the world has the most bitcoin users. No worries about manipulation since today manipulation must be done with the help of the community and not only by the big holders.

The stats that coinmarketcap.com provides are not very convincing to you? If the overwhelming majority of bitcoins are mined by the Chinese mining pools, and the overwhelming majority of bitcoins are traded at the Chinese exchanges for the Chinese Yuan exclusively, could that possibly mean that the total majority of bitcoin holders happen to live in China as well?

No degree of ignoring reality can ever change the reality

[DashCoinDark]

I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?

I would not know what would happen because I think that the US has never been in that situation but I do think that it would be a bad thing.
Maybe even things will break lose in the US because of that.

[newcoins1978]

I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?

If it crashes then it just crashes and there is nothing that we are going to be able to do if it decides to happen anytime. We just have to accept it.
Life on and forget about it there is no reason to keep thinking about it.

[Rmaqks]

I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?

If it crashes then it just crashes and there is nothing that we are going to be able to do if it decides to happen anytime. We just have to accept it.
Life on and forget about it there is no reason to keep thinking about it.

The more problems in the economy, the more people are interested in alternative currencies. That is why the demand for Bitcoin. If the dollar collapses, then Bitcoin will rise in price

[Financial_Genius]

The growth rate of any currency depends on its popularity and also the good news, and advertising. The more people know about the features of a product, the more they want to invest in, or play on the exchange. In addition, the bitcoin exchange rate affects the spread of electronic coins themselves

[Financial_Genius]

hus, the value of Bitcoin against the dollar is irrelevant, as Bitcoin, in spite of everything, is not going to replace the “world reserve currency”. At least, the chances of the dollar to fall in value to zero over the next five years, equal to the chance value of Bitcoin to do the same. Can result in the fact that you put your last dollar into Bitcoin sooner than you think.

[springgers]

I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?

If the Dollar crashes then there is nothing that people are going to do but it is going to effect the Bitcoin trading because most people trade in for the US Dollar

I'm afraid that most people are trading Bitcoin for the Chinese Yuan nowadays, and I also heavily suspect that the BTC-CNY trading volumes are orders of magnitude higher than those of the BTC-USD pair (in Bitcoin terms apparently). If you feel unsure about the reality of this, you may want to check for yourself at coinmarketcap.com. Just in case, the daily trading volume of the top 5 Chinese exchanges that trade only BTC-CNY and LTC-CNY pairs exceeds 4M bitcoins. Which makes up about one fourth of all bitcoins mined up to date. It should be evident by now that the US dollar is not the only pebble on this Bitcoin beach...

Not even speaking of how far is it from being the biggest one at that

China is progressing now so I am not surprise if the volume increases, and they have also the biggest mining businesses in the world so I guess it would be a competition for the china and the US now for the biggest volume of ownership of the total bitcoins in the market.

The Chinese Central bank has been constantly devaluing the Chinese Yuan during the last two years:



So it is no surprise that the wealthy part of the Chinese population are looking for alternatives. The US dollar might have been a good option after all, but I don't think that the general public in China has easy and unimpeded access to foreign reserves (at least, in the range of thousand dollars). In this way, Bitcoin seems to be the ultimate choice for the folks there

China will break the world with the cheap salaries, everyone importing from China and this is really bad for all countries and well, now they will put Trump on the USA, can you imagine the trouble?

For sure Bitcoin have their own space on the economy, not putting 100% of your money on Bitcoin but it's a good alternative to save some money and avoid the economy problems, price will grow year after year...

[arbitrage001]

Then US will fall without actual fighting.

[sunsilk]

For sure if the US Dollar crashes then almost all local currencies that are basing their economy to the US government will fall also.

That is just like a domino effect so if US falls, then ally countries and as well as the market of other countries even they are not allies.

Will be affected because of this crash because most of the materials are basing on US dollar for its value. Even bitcoin, it will crash also.

[phreaky]

I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?

If the Us dollar crashes ten it just crashes I am not going to worry about some thing like that because there is also nothing that I can do about it.
I would only keep up with the news but nothing else.

[freedomgo]

I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?

If the Us dollar crashes ten it just crashes I am not going to worry about some thing like that because there is also nothing that I can do about it.
I would only keep up with the news but nothing else.

There's something to worry dude because bitcoin will also be affected when dollar crashes, it is not only dollar that will crash but also some countries will be affected and that is not good globally as bitcoin is majorly control by the big holders from the US.

[frankmb]

I don't think btc depends on USD alone, it will be more expensive to buy btc with usd and get less usd for btc.

[Mr.grin]

Well, if the dollar crashes, maybe people will start looking for alternative means of transaction fairly good, but I did not say that everyone will switch to using bitcoin, however, I think most people would switch to using bitcoin. because, merupakana bitcoin currency on the internet, which is accepted internationally. if the dollar crashes, then the price of bitcoin will switch to the euro price, and it makes the price of BTC to be higher

[Seansky]

Well, if the dollar crashes, maybe people will start looking for alternative means of transaction fairly good, but I did not say that everyone will switch to using bitcoin, however, I think most people would switch to using bitcoin. because, merupakana bitcoin currency on the internet, which is accepted internationally. if the dollar crashes, then the price of bitcoin will switch to the euro price, and it makes the price of BTC to be higher

Yeah, I agree with you mate. Hope they switch to bitcoin as speculated but many will turn to gold in my opinion since gold is more known but there is a chance that they'll turn in to bitcoin and start buying bulks of it. If that happens im sure we will see a very huge pump that maybe will beat the all time highest price record set on bitcoin but the chance of it happening is low.