What if US Dollar Crashes?

[danherbias07]

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

I think gold is more familar to people worldwide then bitcoin so that may gain a premium.   The price of bitcoin will rise anyway as the value of dollar falls, thats just because the supply of dollars will rise and so every price rises.    With so many bonds issued, all are payable in dollar notes ultimately so there is alot of inflation locked away not seen just like the arctic ice contains so much water it could flood out many countries and their coast lines if ever released.   The problem is already there and everybody knows there is too much debt but right this moment its not liquid and circulated and so inflation is not apparent and prices are not rising (massively)

There is demand, and there is solvent demand

The first is ultimately irrelevant while it is the second that actually matters. Basically, the same with gold and Bitcoin. People certainly know a lot more about gold than Bitcoin en masse, but let's be honest, how many of them are actually going to buy physical gold when the shit finally hits the fan? I don't think that many. While buying Bitcoin is a trivial thing in itself, which you can do in a whole variety of ways (exchanges, web wallets, localbitcoins), and all of them end up with you holding the same bitcoins. Consequently, gold is not for the masses, whereas Bitcoin cuts it perfectly in this department (as people's choice for a store of value)

yes that is right but i think bitcoin is now introducing in all over the world and people are really appreciating bitcoin and welling investing thier money here in bitcoin.

Many newbie bitcoiners has attracted with the bitcoin price and some newbies are investing a large quantity of money for bitcoin. The demand now is so high thats why the price is too high now. Price bubble takes action.

Yeah, even with its high price people are still risking it. Maybe from now on they are seeing how much it could offer just by sitting there and waiting for the increase. With more demands it will really go way up and those who have invested first will gain more. I think that is what in their minds now. First come first served. 

[kreskko]

I am confident that the dollar will continue to exist for a long time. This is an international currency and almost all countries interested in a good state of affairs with respect to the dollar.

[Supebox]

If the dollar crashes the bitcoin will also crash to a certain price, I really do not have any doubts about that!!

[jseverson]

If the dollar crashes the bitcoin will also crash to a certain price, I really do not have any doubts about that!!

I don't think bitcoin will crash also because there are alternative ways to replace USD in fact it will be the best time for bitcoin to be popular and ppl start using bitcoins if that's the case.

[Jonar21]

If the dollar crashes the bitcoin will also crash to a certain price, I really do not have any doubts about that!!

Dollar and Bitcoin go together. Each of the specified currency is important in itself, and is popular in their environment.

[bikbik2]

The US government is very lightly increases the amount of dollar banknotes that do not support the gold reserve. A state budget is increased, is not proportional to income. It speaks for itself.

[Zigsss]

I'm also thinking that if the dollar will crash the bitcoin will also partly crash to a lower price for sure!

[bsb22]

My euro will shoot up.

No euro too high its dead

Lol that's what you think.

I'm just joining up with the conversation here but I agree that the Euro is over.

If it isn't completely dead then it will crash substantially later this year.

Why?

One of two things:

Len Pen wins in France. Or the AFD or some other party deplaces Merkel in Germany. Len Pen wants to return sovereignty to the French markets and if I'm not mistaken the AFD wants the same for Germany. Either would end the European Union project when coupled with Brexit, the Italian vote, popular sentiment against the EU, etc. So the Euro as a currency may become non-viable by the end of the year. And good riddance, I say. The EU is a fascist organization that overrides national sovereignty by bureaucratic dictate and has passed more laws like that over member nations than even the USSR did.


To be fair, the people who posted the above did so before the Brexit vote occurred last year.





What people should be thinking of now is not whether or not the US dollar will crash (maybe it will and maybe it won't), but what introducing alternative currencies to the US would mean. It's not clear what the Trump administration will do, but there have been clear signals that Trump is anti-Fed. First they will pass bills to audit the Federal Reserve but in the long term Trump may seek to dismantle it completely.

If the Fed is dismantled, we may move back in the direction of trading with gold and silver coins, and maybe even Bitcoin itself, on top of the US dollar. Effectively diversifying the national currency seems like something a business mogul like Trump would be interested in, in order to strengthen our domestic economy and not put all of our eggs in one basket. And for most of US history, gold and silver actually were traded directly as currency, along with scrip for various goods that could be redeemed at stores.

[Vaskiy]

If the dollar crashes the bitcoin will also crash to a certain price, I really do not have any doubts about that!!

Dollar and Bitcoin go together. Each of the specified currency is important in itself, and is popular in their environment.

If dollar gets crashed, impact can surely be felt upon bitcoin too. The reason is that bitcoin is dependent on dollar in one or the other way. At the same bitcoin variation does not make changes in dollar as the capital is high and it is independent of other currencies.

[Paultron]

If the dollar crashes the bitcoin will also crash to a certain price, I really do not have any doubts about that!!

Dollar and Bitcoin go together. Each of the specified currency is important in itself, and is popular in their environment.

If dollar gets crashed, impact can surely be felt upon bitcoin too. The reason is that bitcoin is dependent on dollar in one or the other way. At the same bitcoin variation does not make changes in dollar as the capital is high and it is independent of other currencies.

Yep it will fall than, lets hope this will never happen but we still have to see this, I think there can happen all kind of things if it falls.

[Mirconome]

If the dollar crashes the bitcoin will also crash to a certain price, I really do not have any doubts about that!!

Dollar and Bitcoin go together. Each of the specified currency is important in itself, and is popular in their environment.

If dollar gets crashed, impact can surely be felt upon bitcoin too. The reason is that bitcoin is dependent on dollar in one or the other way. At the same bitcoin variation does not make changes in dollar as the capital is high and it is independent of other currencies.

Yep it will fall than, lets hope this will never happen but we still have to see this, I think there can happen all kind of things if it falls.

I do not think it's a good prediction. I do hope that the fact that the dollar will keep their positions, because many are interested in this. The entire financial system of the world is built and maintained by the dollar. There are of course negative facts, but it is not so dramatically.

[coszy]

If the dollar crashes the bitcoin will also crash to a certain price, I really do not have any doubts about that!!

Dollar and Bitcoin go together. Each of the specified currency is important in itself, and is popular in their environment.

If dollar gets crashed, impact can surely be felt upon bitcoin too. The reason is that bitcoin is dependent on dollar in one or the other way. At the same bitcoin variation does not make changes in dollar as the capital is high and it is independent of other currencies.

I also think that bitcoin and dollar linked and therefore in fact even those conversations to replace the dollar digital currency have no ground under him. The stability of the dollar is always guaranteed, even by the World Bank and other financial institutions. I would say that the share of the dollar depending bitcoin there too.

[alyssa85]

The dollar isn't going to crash. It has been on an upward tragectory since 2014. In particular the Fed is raising interest rates to curb inflation, and other countries arn't, so expect to see the dollar continue to climb.

[tabas]

The dollar isn't going to crash. It has been on an upward tragectory since 2014. In particular the Fed is raising interest rates to curb inflation, and other countries arn't, so expect to see the dollar continue to climb.

For sure it is not going to crash at this first quarter as almost it dominates with the stocks market. Because of Trump's administration, most of the American investors from different countries are flying back to their home land to invest because of Trump's agenda to empower the American investors and give more priority to them.

[Taki]

In the United States fear the rise of popularity of Bitcoin and other cryptocurrencies. Thanks to the widespread use of the USD as a reserve currency, the United States used to be at the top of the global economic system. In addition, the creation of Bitcoin, in all probability, involved the economic system of the United States. The world first became acquainted with the digital currency after the financial crisis in the United States, which brought the world banking system. Now the growing popularity of Bitcoins threatens the dominant position of the USD and the country's position in the global economy.
Ironically, at the time, as the world's most popular cryptocurrency, Bitcoin is struggling to get widespread, the government spends huge amounts of taxpayers ' money, to find a way that would prevent the adoption of a new hypothetical cryptocurrency terrorists and criminals. It will be no surprise if in the near future to Bitcoin and other cryptocurrency overnight, apply truly ruthless regulation.

[Theforextrader]

USD shall rise then fall back to election price before moving up again

[Antoshka]

I am sure that in the near future the dollar will not depreciate. It occupies a strong position. In another case, affected the economies of many countries.

[alien-fx2]

I think this would have a very negative impact on most people's lives. However, nowadays there are ways to protect against such damages, the best solution is probably to store value in Bitcoin, because in addition to protecting yourself against inflation, it is also possible to be more protected against a possible economic crisis, which according to some experts, may not be long in coming...

[sportis]

If the dollar crashes the bitcoin will also crash to a certain price, I really do not have any doubts about that!!

I definitely disagree with you. Everyone has USD will go to exchange. According to supply and demand law the  bitcoin's price like as the price of gold really will go to the moon. 

I do not think it's a good prediction. I do hope that the fact that the dollar will keep their positions, because many are interested in this. The entire financial system of the world is built and maintained by the dollar. There are of course negative facts, but it is not so dramatically.

The US dollars are popular worldwide neither is the best fiat nor is the most favorite one but because there is no country on earth does not use it. When Nixon broke the Brenton Woods agreement (a.k.a gold standard) this movement was a type of dollar crashed https://en.wikipedia.org/wiki/Nixon_shock. Moreover the biggest part of US debt holds Japan and China http://money.cnn.com/2016/12/16/investing/china-japan-us-debt-treasuries/. If USD crashes can anyone imagine what would be happened firstly in these economies and afterwards globally?

[STT]

If dollar gets crashed, impact can surely be felt upon bitcoin too. The reason is that bitcoin is dependent on dollar in one or the other way. At the same bitcoin variation does not make changes in dollar as the capital is high and it is independent of other currencies.

Im not sure how Bitcoin is really dependant on dollar in this way.    Its a question but I think the answer is when dollar gets 'cheap' you then have alot of people in other countries who are richer and more able to buy various products.
One of those products now 'cheaper' would be bitcoin so why would the price crash in this case Im not sure why.     The only main thing is people who earn in dollars are less well off, I dont think bitcoin revolves around just USA citizens