What if US Dollar Crashes?

[Cactushrt]

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 think bitcoin will replace if us dollars crash if ever it happens the one who have bitcoin will earn more profit but i think its very impossible because dollar is the main currency of U.S and it will affect their economy

[Text]

I think bitcoin will replace if us dollars crash if ever it happens the one who have bitcoin will earn more profit but i think its very impossible because dollar is the main currency of U.S and it will affect their economy

It will never be, US dollar is strong. Let's imagine your scenario if US dollar crashes, it is not only the US country itself would get affected but also the entire world. US is one of the country with a great economy and we know that all.

[Searing]

Well.  Imho you'd better have your hidden bookshelf prepper closet full 😀

If usd goes "depression soft" not even sure btc price would not do the same.

(Not enough adoption yet imho)

[bitbunnny]

We will not see such scenario. USA and other players in the world politics scene would never allow something like this to happen, although some of their rivals would be very happy because of this. We all know that not every country in the world are of equal status. And to many other econimies in the world are also depending on the US dollar. But at the moment I don't see any real danger that dollar chrashes.

[Yutikas_11920]

We will not see such scenario. USA and other players in the world politics scene would never allow something like this to happen, although some of their rivals would be very happy because of this. We all know that not every country in the world are of equal status. And to many other econimies in the world are also depending on the US dollar. But at the moment I don't see any real danger that dollar chrashes.

Yeah, indeed all countries have different customs and regulations. So that it can make the activity or habits. The U.S. economy has a very good level and I think the U.S. will not make all the country that depends on its currency being bankrupt because u.s. internal problems. So these are the things that will never happen and all the things that exist in the U.S. will only make everything be good. If indeed USD Crashes then we can still be meminimalisirnya by using bitcoin

[tabas]

I think bitcoin will replace if us dollars crash if ever it happens the one who have bitcoin will earn more profit but i think its very impossible because dollar is the main currency of U.S and it will affect their economy

It will never be, US dollar is strong. Let's imagine your scenario if US dollar crashes, it is not only the US country itself would get affected but also the entire world. US is one of the country with a great economy and we know that all.

Yeah it is not going to happen even US dollar crashes, remember on where bitcoin is depending its value, its with US dollars right? So probably if US dollar crashes, then bitcoin will be affected and possible to crash too and as well as the countries who are also depending with the US government's economy.

[rajasumi2]

if the us dollar crashes then bitcoin will rise to its peak just like it has peaked in india when demonetization has occured here.well bankers would start something like ecoins if u have seen mr.robot .it is quite likely to happen and their will be econommic crisis whole  over the world.

[deisik]

I think bitcoin will replace if us dollars crash if ever it happens the one who have bitcoin will earn more profit but i think its very impossible because dollar is the main currency of U.S and it will affect their economy

It will never be, US dollar is strong. Let's imagine your scenario if US dollar crashes, it is not only the US country itself would get affected but also the entire world. US is one of the country with a great economy and we know that all.

Yeah it is not going to happen even US dollar crashes, remember on where bitcoin is depending its value, its with US dollars right? So probably if US dollar crashes, then bitcoin will be affected and possible to crash too and as well as the countries who are also depending with the US government's economy.

No, it is not quite right

In fact, it is totally wrong, but you are entitled to disagree, of course. Such views won't change a thing when the US dollar crashes while Bitcoin surges, though you may lose a few excellent opportunities to earn decent profits for being on the wrong side of the trade. And that's exactly what we should expect since Bitcoin value is only priced in dollars just like many other things like gold, oil, etc, but that doesn't in the least mean that all these assets will suddenly become worthless if the US dollar collapses. Anyone with a half functioning brain could say their their price would rise exponentially in that case

[angaper]

We have witnessed over the years that despite the continuing crises that the USA has faced, its currency has remained the most important and influential in the world.

Yes, we all know the disadvantages and weaknesses of the current economic system, but I can't see any scenario in the next 50 years that will disrupt the hegemony of the dollar.

[Ilikechineseefood]

It would be bad for the bitcoin and it could even destroy the bitcoin because the bitcoin is depending on the dollar right now.

[Positid]

It would be bad for the bitcoin and it could even destroy the bitcoin because the bitcoin is depending on the dollar right now.

It's not depending on dollar but it could make a big impact to the economy of bitcoin in a positive or a negative way. The positive way is that, people will store their money in bitcoin so it can grow it's value, or people will do panic selling since they need the money.

[Etaurith]

Would be a real disaster for the bitcoin, it would mean that the dollar collapsed but also the Bitcoin will collapse due to that because its still indeed the fact that its relying on the dollar ratings right now.

[agamasrori]

Would be a real disaster for the bitcoin, it would mean that the dollar collapsed but also the Bitcoin will collapse due to that because its still indeed the fact that its relying on the dollar ratings right now.

Sorry friend, I do not think so becouse bitcoin strenght is depend on the people opinion and user who still wanna use it. As long as people use bitcoin, it will not die or collapse. Thats my oppinion.

[OROBTC]

~snip~

Have you read the recent news? yuan is now becoming stronger than before and will be a potential threat for USD and could take over its place. china is now growing significantly and if they are keeping this up or even getting better and better there's a chance that USD will become no more king of all currencies but yuan will do. US government may thinking about it but it's just the matter about the time until it's proven who deserve to be king of currencies in the future

I also believe that one day the US will not be the most powerful country in the world because it is not producing anything and just outsourcing everything. Also, their laws are really difficult for companies to do business in. Especially their tax laws. So a lot of big corporations like Apple moved its headquarters away from the US because they can get better tax treatment elsewhere. In effect the US is losing income. Most of the time, money equates to power and if without money the US may fall. The world's powers will shift one day to another country. The fall of the USA is the fall of the USD.

No, the yuan is getting weaker.  It closed (last I looked) at almost exactly Y7:US$1.

EDIT: Here's an article from TODAY at Zero Hedge, noting the very weak Yuan:

http://www.zerohedge.com/news/2016-12-15/china-devalues-yuan-weakest-fix-may-2008


No, Apple's HQ is still in California.  Most of their production (of iPhones anyway) is in China.


The US$ lately has been very strong, the "US Dollar Index" closed today over 103, higher than it's been in over two years:

[mayxi865]

Unthinkable, the dollar will collapse, the world economy will be how, will bring some economic disaster? Anyway, I hope bitcoin will not affect the collapse.

[tabas]

I think bitcoin will replace if us dollars crash if ever it happens the one who have bitcoin will earn more profit but i think its very impossible because dollar is the main currency of U.S and it will affect their economy

It will never be, US dollar is strong. Let's imagine your scenario if US dollar crashes, it is not only the US country itself would get affected but also the entire world. US is one of the country with a great economy and we know that all.

Yeah it is not going to happen even US dollar crashes, remember on where bitcoin is depending its value, its with US dollars right? So probably if US dollar crashes, then bitcoin will be affected and possible to crash too and as well as the countries who are also depending with the US government's economy.

No, it is not quite right

In fact, it is totally wrong, but you are entitled to disagree, of course. Such views won't change a thing when the US dollar crashes while Bitcoin surges, though you may lose a few excellent opportunities to earn decent profits for being on the wrong side of the trade. And that's exactly what we should expect since Bitcoin value is only priced in dollars just like many other things like gold, oil, etc, but that doesn't in the least mean that all these assets will suddenly become worthless if the US dollar collapses. Anyone with a half functioning brain could say their their price would rise exponentially in that case

I didn't said that it will be worthless but it will crash too and I'm saying about the domino effect if US dollar crashes. Many things are going to be affected not just the bitcoin economy and as well as other businesses that are built with the foundation of USD. But all the point you have said are all true and I won't argue with it.

[Liad.Services]

If such an event happens, I am pretty sure that bitcoin will go much higher.


BUT, precious metals are most likely those who are going to do the big skyrocketing here, as most of the people who doesn't know bitcoin will search for a safe asset to put their money in and they will most likely get to gold and silver.

But nothing to worry about, it won't happen

[deisik]

I think bitcoin will replace if us dollars crash if ever it happens the one who have bitcoin will earn more profit but i think its very impossible because dollar is the main currency of U.S and it will affect their economy

It will never be, US dollar is strong. Let's imagine your scenario if US dollar crashes, it is not only the US country itself would get affected but also the entire world. US is one of the country with a great economy and we know that all.

Yeah it is not going to happen even US dollar crashes, remember on where bitcoin is depending its value, its with US dollars right? So probably if US dollar crashes, then bitcoin will be affected and possible to crash too and as well as the countries who are also depending with the US government's economy.

No, it is not quite right

In fact, it is totally wrong, but you are entitled to disagree, of course. Such views won't change a thing when the US dollar crashes while Bitcoin surges, though you may lose a few excellent opportunities to earn decent profits for being on the wrong side of the trade. And that's exactly what we should expect since Bitcoin value is only priced in dollars just like many other things like gold, oil, etc, but that doesn't in the least mean that all these assets will suddenly become worthless if the US dollar collapses. Anyone with a half functioning brain could say their their price would rise exponentially in that case

I didn't said that it will be worthless but it will crash too and I'm saying about the domino effect if US dollar crashes. Many things are going to be affected not just the bitcoin economy and as well as other businesses that are built with the foundation of USD. But all the point you have said are all true and I won't argue with it.

The domino effect you are talking about will cause stock markets to crash before all. Bitcoin is nowhere in this causal chain of events. If only the US dollar crashes or gets heavily but relatively gradually devalued (which is a better option overall), Bitcoin will actually profit from such a fall in the value of the dollar. People will frantically search for a safe haven, and while gold is often claimed to be that, I don't think that many ordinary people will be able to buy it, unlike Bitcoin...

Essentially the same thing happened when the Central bank of China started to slowly and gently devalue the Chinese Yuan some two years ago

[salmanahmedone]

I think bitcoin will replace if us dollars crash if ever it happens the one who have bitcoin will earn more profit but i think its very impossible because dollar is the main currency of U.S and it will affect their economy

It will never be, US dollar is strong. Let's imagine your scenario if US dollar crashes, it is not only the US country itself would get affected but also the entire world. US is one of the country with a great economy and we know that all.

Yes, dollar will never be ever crashed since there are many supports around it, and on depending on its economy. Dollar has been there for many decades

[MFahad]

I think bitcoin will replace if us dollars crash if ever it happens the one who have bitcoin will earn more profit but i think its very impossible because dollar is the main currency of U.S and it will affect their economy

It will never be, US dollar is strong. Let's imagine your scenario if US dollar crashes, it is not only the US country itself would get affected but also the entire world. US is one of the country with a great economy and we know that all.

Yes, dollar will never be ever crashed since there are many supports around it, and on depending on its economy. Dollar has been there for many decades

I also think same. I guess the dollar have the biggest and largest  market Cap  than bitcoin and so it is so impossible to happen so.
Bitcoin can beat US Dollar so easily.