What if US Dollar Crashes?

[arseaboy]

People would be fine with that. I guess that would be a time for STRONG BUY.

it depends. don't forget that the most wealthy people will always prefer gold over anything as some sort of safe haven. maybe that bitcoin will gain some extra incoming money from people trying to escape the usd, but will it be enough to cause the price to at least double? i have my doubts.

Nope not all wealthy people are going to choice gold as there investment some of investors are prefer to use bitcoin with there business and bitcoin will bee a free of charge when they playing on th e gambling website too theey can escape the fees and they can hold there money whenever they want in gambling and exchange website

Your right but we are just few users of bitcoin and few investors in bitcoin unlike in gold that many people are investing in gold.. even me i have some gold here in my house just like ring and necklace..
It is good to have gold too because in case of emergency you can sell them easily here.. its just like the same as bitcoin..

Well yeah gold and other precious jewels and stones are going to be a good alternative when the US dollar crashes. Because for sure it may affect the local exchange.

So when that happened you can just simply relay on your gold and other jewels and just sell them out but their value will remain and going to be even higher.

Unlike local currency it may fall because of crash.

Indeed, USD will affect all countries currency once it crashes. There will be trade wars, chaos and such.. Hopefully it won't happen because it may also affect the value of bitcoins but we really can't tell when that will happen.. for now, it's good to convert / invest in gold since it's very globally valuable.

[1715211203]

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[1715211203]

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[bitcoinisbest]

Very interesting question this is. But what is the probability of US dollar deprecating and how because its already a super power and most used currency in the world. If the values decreases people will buy more of USD as it will come back and thus it demand will increase and price will rise back again.

[Milkduds]

You hear this all the time and yet a lot of the American allies are vested in the USD,even China is on board!
Hard to see this developing in a fashion where we are all standing with our hands on our head puzzled about what happened.
See a gradual decline but its just to inter linked with the economy to go south quick.

But lets say it does and we have a new super power or group I would presume running the world.
The USA has served a great role and without it I suspect a lot of issues getting out of hand like the parents have gone out for the night.
Who would fill that role? I do not see Russia wanting that role but China I could see wanting the power to run more of the world.

[freedomgo]

You hear this all the time and yet a lot of the American allies are vested in the USD,even China is on board!
Hard to see this developing in a fashion where we are all standing with our hands on our head puzzled about what happened.
See a gradual decline but its just to inter linked with the economy to go south quick.

But lets say it does and we have a new super power or group I would presume running the world.
The USA has served a great role and without it I suspect a lot of issues getting out of hand like the parents have gone out for the night.
Who would fill that role? I do not see Russia wanting that role but China I could see wanting the power to run more of the world.

I bet on china this time as they are more capable than russia IMO. But, I cannot be more convince that dollar will crash soon, it's just a rumors that has no valid basis, I just consider it to be possible but with lesser chances.. let's just see what the future would bring.

[planfox]

You hear this all the time and yet a lot of the American allies are vested in the USD,even China is on board!
Hard to see this developing in a fashion where we are all standing with our hands on our head puzzled about what happened.
See a gradual decline but its just to inter linked with the economy to go south quick.

But lets say it does and we have a new super power or group I would presume running the world.
The USA has served a great role and without it I suspect a lot of issues getting out of hand like the parents have gone out for the night.
Who would fill that role? I do not see Russia wanting that role but China I could see wanting the power to run more of the world.

I bet on china this time as they are more capable than russia IMO. But, I cannot be more convince that dollar will crash soon, it's just a rumors that has no valid basis, I just consider it to be possible but with lesser chances.. let's just see what the future would bring.

I am confident that the dollar will not collapse, but all this is just rumors. Yes, I admit that in the US economy have problems. But these problems are not as important to talk about the collapse of

[goldcoinminer]

You hear this all the time and yet a lot of the American allies are vested in the USD,even China is on board!
Hard to see this developing in a fashion where we are all standing with our hands on our head puzzled about what happened.
See a gradual decline but its just to inter linked with the economy to go south quick.

But lets say it does and we have a new super power or group I would presume running the world.
The USA has served a great role and without it I suspect a lot of issues getting out of hand like the parents have gone out for the night.
Who would fill that role? I do not see Russia wanting that role but China I could see wanting the power to run more of the world.

I bet on china this time as they are more capable than russia IMO. But, I cannot be more convince that dollar will crash soon, it's just a rumors that has no valid basis, I just consider it to be possible but with lesser chances.. let's just see what the future would bring.

I am confident that the dollar will not collapse, but all this is just rumors. Yes, I admit that in the US economy have problems. But these problems are not as important to talk about the collapse of

Dollar is a strong currency and probably it will continue to be dominate the international market. If the dollar will collapse there would be a major economic crisis and bitcoin will be hugely affected.

[Sithara007]

The United Kingdom Pound lost more than 20% of its value as a result of the Brexit. How much devaluation can occur to the United States Dollar, if Trump gets elected as the POTUS? I don't think that it will be 20% or 25% like the case with UKP. There will be a smaller devaluation, like 4% or 5%, as the USD market cap is much bigger when compared to that of UKP.

[Ossidalm]

The United Kingdom Pound lost more than 20% of its value as a result of the Brexit. How much devaluation can occur to the United States Dollar, if Trump gets elected as the POTUS? I don't think that it will be 20% or 25% like the case with UKP. There will be a smaller devaluation, like 4% or 5%, as the USD market cap is much bigger when compared to that of UKP.

When the Trump is elected, there will be good economy ahead, so the US dollar could appreciate a lot.

[tee-rex]

The United Kingdom Pound lost more than 20% of its value as a result of the Brexit. How much devaluation can occur to the United States Dollar, if Trump gets elected as the POTUS? I don't think that it will be 20% or 25% like the case with UKP. There will be a smaller devaluation, like 4% or 5%, as the USD market cap is much bigger when compared to that of UKP.

When the Trump is elected, there will be good economy ahead, so the US dollar could appreciate a lot.

Mike Huckabee, the former Governor of Arkansas, said on CNN recently that Trump may be a car wreck, but his car is at least pointed in the right direction, while Hillary is a drunk driver going the wrong way on the freeway. As for me, I think that Trump will be rather deflationary in his economic policy, whereas Clinton will surely hunt the aeroplane money. In which case the dollar has higher chances of crashing everyone decides for themselves.

[skyway1]

If so, BTC will become No.1 payment method of the world

yeah you are right that bitcoin will no1 payment methiod in the world because everyone like the bitcoin currency and i hope bitcoin will become a global currency sooner in the future.

[CryptoDatabase]

If so, BTC will become No.1 payment method of the world

yeah you are right that bitcoin will no1 payment methiod in the world because everyone like the bitcoin currency and i hope bitcoin will become a global currency sooner in the future.

No, it won't be the no. 1 payment method in the whole world because bitcoin will be affected and it is the most affected crypto currency if dollar crashes.  As we know that the price of bitcoin is being dependent to the US dollars, so I don't think it will be a good economy for bitcoin and it will have a domino effect just like other currencies to be affected.

Right. According to coinmarketcap.com the top 5 BTC markets are BTC/USD with ~$14 million in trade, followed by BTC/CNY coming in at ~$3 million and ~$2.5 million in BTC/EUR which means that USD equates for ~72% of the top 5 BTC markets.

A collapse of USD would have a tremendous impact on BTC according to this.

[deisik]

If so, BTC will become No.1 payment method of the world

yeah you are right that bitcoin will no1 payment methiod in the world because everyone like the bitcoin currency and i hope bitcoin will become a global currency sooner in the future.

No, it won't be the no. 1 payment method in the whole world because bitcoin will be affected and it is the most affected crypto currency if dollar crashes.  As we know that the price of bitcoin is being dependent to the US dollars, so I don't think it will be a good economy for bitcoin and it will have a domino effect just like other currencies to be affected.

Right. According to coinmarketcap.com the top 5 BTC markets are BTC/USD with ~$14 million in trade, followed by BTC/CNY coming in at ~$3 million and ~$2.5 million in BTC/EUR which means that USD equates for ~72% of the top 5 BTC markets.

Are you sure about that?

I guess you chose a wrong ranking there. For example, if I take the 24 Hour Volume Rankings by Exchange (look here), just OKCoin has a daily trading volume of over 1 billion dollars (namely, $1,224,670,000 at the moment). But it trades only BTC/CNY and LTC/CNY pairs, and no USD altogether. The BTC/CNY trading volume there equals over $1,1B, which is greater than all other non-Chinese exchanges combined are trading as far as I can see

[romero121]

If so, BTC will become No.1 payment method of the world

yeah you are right that bitcoin will no1 payment methiod in the world because everyone like the bitcoin currency and i hope bitcoin will become a global currency sooner in the future.

Such incident won't happen just because of USD crash. If the USD gets a steep fall in the value it makes big impact upon digital currency network and bitcoin because bitcoin is not purely fiat independent. One or the other way bitcoin value itself is calculated in terms of dollars.

[J Gambler]

If the US Dollar crashes then first of all it would be all over the news but I would not know what would happen because I cannot even imagine that.
The US is one of the most powerful countries in the world and same goes for their currency.

LOL this is just a myth and if dollar fall apart or crashes then what currency will be change to replace dollar? and dollar is the most power full money in the world and i believe that it will not be disappeared nor crash in the future and it will be more powerful as you can see USA is the most powerful country too. And they not let there money goes down.

[icecube45]

If so, BTC will become No.1 payment method of the world

yeah you are right that bitcoin will no1 payment methiod in the world because everyone like the bitcoin currency and i hope bitcoin will become a global currency sooner in the future.

Such incident won't happen just because of USD crash. If the USD gets a steep fall in the value it makes big impact upon digital currency network and bitcoin because bitcoin is not purely fiat independent. One or the other way bitcoin value itself is calculated in terms of dollars.

Yes if you think about it, if the USD crash it will not affect the price of bitcoin in my opinion. Because where I bought bitcoin not using USD but IDR. Perhaps more appropriate if the USD price crash it would benefit the other currencies, as surely as IDR currency will increase in value

[CryptoDatabase]

If so, BTC will become No.1 payment method of the world

yeah you are right that bitcoin will no1 payment methiod in the world because everyone like the bitcoin currency and i hope bitcoin will become a global currency sooner in the future.

No, it won't be the no. 1 payment method in the whole world because bitcoin will be affected and it is the most affected crypto currency if dollar crashes.  As we know that the price of bitcoin is being dependent to the US dollars, so I don't think it will be a good economy for bitcoin and it will have a domino effect just like other currencies to be affected.

Right. According to coinmarketcap.com the top 5 BTC markets are BTC/USD with ~$14 million in trade, followed by BTC/CNY coming in at ~$3 million and ~$2.5 million in BTC/EUR which means that USD equates for ~72% of the top 5 BTC markets.

Are you sure about that?

I guess you chose a wrong ranking there. For example, if I take the 24 Hour Volume Rankings by Exchange (look here), just OKCoin has a daily trading volume of over 1 billion dollars (namely, $1,224,670,000 at the moment). But it trades only BTC/CNY and LTC/CNY pairs, and no USD altogether. The BTC/CNY trading volume there equals over $1,1B, which is greater than all other non-Chinese exchanges combined are trading as far as I can see

Like I said according to coinmarketcap, it doesn't take much to check what I was talking about. As of now it has changed and JPY has moved into the top 5.

https://coinmarketcap.com/currencies/volume/24-hour/

[olubams]

The impact of dollar crashing will in a long way affects so many things and not just only Bitcoin. If it will affect foreign reserves of countries denominated in this currency, then I dont see any way it wont affect Bitcoin... In my own opinion on how it will affect Bitcoin is that it will mean more Bitcoin will be chasing large dollars and that will mean I have few Bitcoins with more dollars without nothing to show for it. Couple with the Business that are quoted in dollars...

[Babayega31]

The impact of dollar crashing will in a long way affects so many things and not just only Bitcoin. If it will affect foreign reserves of countries denominated in this currency, then I dont see any way it wont affect Bitcoin... In my own opinion on how it will affect Bitcoin is that it will mean more Bitcoin will be chasing large dollars and that will mean I have few Bitcoins with more dollars without nothing to show for it. Couple with the Business that are quoted in dollars...

If this happens a lot of currencies will be affected, specially those countries whose currencies depends on the export to foreign countries which they sell their products to US that uses dollar exchange which depends on the rate of their country. I don't think so that bitcoin will be affected when that time dollar will crash, because it is a digital currency unlike dollar which is a monetary currency which you can hold or touch although bitcoin could be money if you in cash it through online wallet. Both of them were having different ways of economic progress and its unpredictable.

[deisik]

Right. According to coinmarketcap.com the top 5 BTC markets are BTC/USD with ~$14 million in trade, followed by BTC/CNY coming in at ~$3 million and ~$2.5 million in BTC/EUR which means that USD equates for ~72% of the top 5 BTC markets.

Are you sure about that?

I guess you chose a wrong ranking there. For example, if I take the 24 Hour Volume Rankings by Exchange (look here), just OKCoin has a daily trading volume of over 1 billion dollars (namely, $1,224,670,000 at the moment). But it trades only BTC/CNY and LTC/CNY pairs, and no USD altogether. The BTC/CNY trading volume there equals over $1,1B, which is greater than all other non-Chinese exchanges combined are trading as far as I can see

Like I said according to coinmarketcap, it doesn't take much to check what I was talking about. As of now it has changed and JPY has moved into the top 5.

https://coinmarketcap.com/currencies/volume/24-hour/

These statistics are obviously misleading since they include only the exchanges that trade the US dollar and/or charge fees. There are no top Chinese exchanges in the list that are trading only the Chinese yuan. Any single one of the latter is trading more bitcoins than all USD exchanges (like BitStamp, Btc-e, etc) combined. I don't really know why people are having trouble walking coinmarketcap.com themselves. Perhaps, this is done intentionally in order to deceive people into thinking that the US dollar is the only pebble on the beach (/paranoid mode off)...

Which it ain't and even far from being that

[Drago2016]

I do not think that the dollar will collapse in the near future. After the election, the new president will try to show their best side and will strengthen the national currency.