What if US Dollar Crashes?

[deisik]

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

You most likely wanted to say that Bitcoin will be more expensive in dollar terms, right? It may remain the same in other currencies, but it is not a given since depreciating dollar might potentially sour interest toward Bitcoin among American citizens. Apart from that, depreciating local currency (against other currencies) doesn't mean that people in that country will necessarily become worse off. The Euro recently lost much of its value against the US dollar, but the inflation in the EU remained basically the same and the price of most goods didn't change much...

Simply because the EU produces everything itself, and the changes of exchange rates (in reasonable limits) can't heavily affect their economy on its own

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[Xester]

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

Bitcoin can be bought not only with dollars but also with other local currencies. But even though we can buy bitcoins using local currencies at the end of the day those exchangers will also convert local currency to dollars. US dollars is the center of foreign exchange and thats why bitcoin and local currencies cannot escape dollars. If US Dollar crashes then other fiat currency will take over but it will have a huge impact on economy as a whole.

[deisik]

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

Bitcoin can be bought not only with dollars but also with other local currencies. But even though we can buy bitcoins using local currencies at the end of the day those exchangers will also convert local currency to dollars. US dollars is the center of foreign exchange and thats why bitcoin and local currencies cannot escape dollars. If US Dollar crashes then other fiat currency will take over but it will have a huge impact on economy as a whole

What makes you think so?

I'd rather say they would be more interested in the currency they pay their expenses in. For example, Bitstamp exchange is located somewhere in Europe (I don't know where so bear with me), and obviously they pay taxes (whatever), bills and wages in the Euro currency. Therefore, I don't see any reason why they, as an economic entity, would be particularly interested in the US dollars specifically. Some of their employees may in fact look for being in dollars but that doesn't change a thing in this case

[virtualkeybuyer]

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...

Not people from all over the world have reserves in dollar so only a few amount of people will suffer the damage because of the crash of dollar. As it is a national currency so mostly people related to its nation have money in dollar and some others who have international active business. The simple result of that case will be another better currency will come and people will adopt that new currency.

[mastica]

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...

Not people from all over the world have reserves in dollar so only a few amount of people will suffer the damage because of the crash of dollar. As it is a national currency so mostly people related to its nation have money in dollar and some others who have international active business. The simple result of that case will be another better currency will come and people will adopt that new currency.

I wouldnt say a few, since at several countries dollar is used for saving purposes, where i live people use dollar for savings, and when the dollar went up on the last year several of them had sold and made an amazing profit doing such. Dollar does affect transactions between countries, big companies does wait dollar low value to import machines as well.

Dollar is the main currencie if it crash some peopl get panic while others take advantage over it, the same way as bitcoin market.

[gandame]

Us dollar is the very dominating currency around the world especially with currency exchange. It is closely monitored by most investors, and if dollar will crush it really affects curency around the world as will as bitcoin price. Suddenly bitcoin price exchange will also be affected with its economic devastation that could result to low profit gaining investments to altcoin tradings and btc to fiat exchange.

[mace15]

So far Us Dollar still on top and never crashed. As nowadays dollar is being used around the world. And it will not crashed as this is monitored by most dominant and oligarchs investors in the whole world. If this is happen all investors will get panic then.

[simpler2016]

So far Us Dollar still on top and never crashed. As nowadays dollar is being used around the world. And it will not crashed as this is monitored by most dominant and oligarchs investors in the whole world. If this is happen all investors will get panic then.

Yes you are right. Dollar oligarchs control and they would never allow that he collapsed. The economy of many countries depend on the dollar. Nobody will not allow its collapse, as it will lead to chaos in the world

[btcwhiskey]

Be prepared, a crash of the dollar would more than likely bring down other world currencies. The world economy would be in ruins. Commodities would be a nice safe haven if the dollar ever crashes.

[millgates]

Be prepared, a crash of the dollar would more than likely bring down other world currencies. The world economy would be in ruins. Commodities would be a nice safe haven if the dollar ever crashes.

so just use another currency to replace it, thats simple. I agree that commodities is nice save haven. Bitcoin is mined like gold, si I think if dollar and other fiat is crashes. Bitcoin price will stable as gold. Thats my opinion.

[pooya87]

Be prepared, a crash of the dollar would more than likely bring down other world currencies. The world economy would be in ruins. Commodities would be a nice safe haven if the dollar ever crashes.

so just use another currency to replace it, thats simple. I agree that commodities is nice save haven. Bitcoin is mined like gold, si I think if dollar and other fiat is crashes. Bitcoin price will stable as gold. Thats my opinion.

if and when US dollar crashes, people will start investing their money in other things, mostly gold, and other famous investments and a small group of them will invest in bitcoin and that means price of bitcoin and in smaller scale price of other things will start rising and become volatile because of the chaos it creates. it certainly wouldn't be pretty and stable.

[justdimin]

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...

Not people from all over the world have reserves in dollar so only a few amount of people will suffer the damage because of the crash of dollar. As it is a national currency so mostly people related to its nation have money in dollar and some others who have international active business. The simple result of that case will be another better currency will come and people will adopt that new currency.

I wouldnt say a few, since at several countries dollar is used for saving purposes, where i live people use dollar for savings, and when the dollar went up on the last year several of them had sold and made an amazing profit doing such. Dollar does affect transactions between countries, big companies does wait dollar low value to import machines as well.

Dollar is the main currencie if it crash some peopl get panic while others take advantage over it, the same way as bitcoin market.

The us dollar has been and will forever be the world’s international currency and it is used in trading exchange between countries and on the market, so if by any mean the us dollar crashes so as the economy and we will have a big international crisis, and I don’t think that will be the case because people are working hard to avoid this situation.

[anavuajna]

Be prepared, a crash of the dollar would more than likely bring down other world currencies. The world economy would be in ruins. Commodities would be a nice safe haven if the dollar ever crashes.

so just use another currency to replace it, thats simple. I agree that commodities is nice save haven. Bitcoin is mined like gold, si I think if dollar and other fiat is crashes. Bitcoin price will stable as gold. Thats my opinion.

if and when US dollar crashes, people will start investing their money in other things, mostly gold, and other famous investments and a small group of them will invest in bitcoin and that means price of bitcoin and in smaller scale price of other things will start rising and become volatile because of the chaos it creates. it certainly wouldn't be pretty and stable.

I do not understand where you got this information? I understand that the dollar has some problems, but they are not so significant to cause a collapse. That will not happen in the next few years

[STT]

You most likely wanted to say that Bitcoin will be more expensive in dollar terms, right?

Bitcoin will be cheaper when dollar depreciates.   Thats the first effect at least, dollar has too many notes produced which means it becomes a cheaper currency overall.   The wages in dollars will rise and even company earnings appear to rise (especially exporters), all of that is inflation.     As that begins to happen, more dollars are available which means bitcoin can be purchased more easily

So the first effect is bitcoin is cheaper in dollar, very likely is that the dollar bitcoin price then rises as the supply of bticoin is limited.    Bitcoin has not become more expensive all by itself, its just that some people have more dollars to exchange.  Some dollar earners or just savers will not see this increase, it happens unevenly and as price rises it appears bitcoin becomes more expensive as their own dollar income has not risen.

When we look at QE programs and the massive rises in treasury debt, this is where most dollar inflation is contained.   None of the common people have a direct link to this revenue stream, its very likely they will feel poorer as this inflation occurs, prices become uneven to incomes.   Its volatility and instability in dollar, bitcoin should prove more useful in that case.

[ifightformerkel]

If the USD crashes, then there will be choas in the world.

But for the bitcoin value it will be very good imo.

Because everyone would be searching for a currency, that not could be controlled by a country.

[Mr. Big]

If the USD crashes, then there will be choas in the world.

But for the bitcoin value it will be very good imo.

Because everyone would be searching for a currency, that not could be controlled by a country.

No, that won't happen... Just because of US dollar crash the world would be in chaos, that's highly unlikely to happen... There will always be a sign that it will crash and before it happen the government is already preparing for that disaster...

That's probably good for bitcoin holders but the thing is, how long are you going to hold your bitcoin until you cash out to US dollar too and join the common and suffer the crash too...  It's unavoidable that you won't cash out for your food and daily living...   

[agamasrori]

US dollar crashes, the rest of the world will follow. It all cancels out and like nothing happened. Everyone buys gold and bitcoin gains nothing.

I agree that the rest of the world will follow because so many countries using dollar as reserve currency, so it can make that countries become poor. But I disagree that everyone buys bitcoin and gold gains nothing because when the population of the world increasing the demand will follow. So hold gold and bitcoin could be profitable. The most important thing is no inflation.

[deisik]

You most likely wanted to say that Bitcoin will be more expensive in dollar terms, right?

Bitcoin will be cheaper when dollar depreciates.   Thats the first effect at least, dollar has too many notes produced which means it becomes a cheaper currency overall.   The wages in dollars will rise and even company earnings appear to rise (especially exporters), all of that is inflation.     As that begins to happen, more dollars are available which means bitcoin can be purchased more easily

So the first effect is bitcoin is cheaper in dollar

So you assume that just because Bitcoin can be purchased allegedly more easily, it will depreciate together with the US dollar? I'm singularly curious why in the first place you think that Bitcoin will be purchased more easily if more dollars will be pursuing basically the same number of bitcoins. I guess it would be equal to saying that the Bitcoin price will go down because demand for it increases. Typically, it is the other way round completely, namely, when demand for something rises, the price of it rises too (provided supply remains the same obviously). Therefore, your assumption that with cheaper dollars you can buy more bitcoins is largely unfounded...

More dollars will obviously mean higher Bitcoin prices, i.e. one dollar can buy less BTC

[Zisove28]

US dollar crashes, the rest of the world will follow. It all cancels out and like nothing happened. Everyone buys gold and bitcoin gains nothing.

I agree that the rest of the world will follow because so many countries using dollar as reserve currency, so it can make that countries become poor. But I disagree that everyone buys bitcoin and gold gains nothing because when the population of the world increasing the demand will follow. So hold gold and bitcoin could be profitable. The most important thing is no inflation.

Yes you are right, Bitcoin save against inflation. But if there is a global crisis, and it seems to me not too Bitcoin can save.
But I am confident that the dollar does not threaten collapse.

[whizter]

US dollar crashes, the rest of the world will follow. It all cancels out and like nothing happened. Everyone buys gold and bitcoin gains nothing.

I agree that the rest of the world will follow because so many countries using dollar as reserve currency, so it can make that countries become poor. But I disagree that everyone buys bitcoin and gold gains nothing because when the population of the world increasing the demand will follow. So hold gold and bitcoin could be profitable. The most important thing is no inflation.

Yes you are right, Bitcoin save against inflation. But if there is a global crisis, and it seems to me not too Bitcoin can save.
But I am confident that the dollar does not threaten collapse.

in fact dollar is one of the most stable currency of the world. most of the countries are using dollar and they are economically depending on it. therefore i do not think that bitcoin can be ever crash.