What if US Dollar Crashes?

[FuckIdolPlus]

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?

[johnyj]

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?

It is possible, but through what process is the question

Currency's value comes from demand, when economy goes bad, people desperately want more currency, that's why currency will never crash during a recession, they strengthen instead. FED printed 5x more USD without crashing its value, just because exploded demand for USD after financial crisis

So the only possibility that a currency will crash is during hyper inflation. That is also not possible, since banks are holding most of those newly added money supply, they watch inflation carefully and strictly restrict how much money flow into the economy to avoid inflation

Another possibility is that people find some other alternative (for example bitcoin), thus give up using USD. That's also not very likely to happen since most of the people's income is received in the form of USD, unless USD is in a state of hyperinflation, they will keep using USD

Currently we have a huge bond bubble, if those bond can not be paid back and default, it will crash the bond price, cause large loss for investors, but again, that will trigger a shortage of USD, gives bank more reason to create more USD

In a disasters scenario, people will always chase USD, which is the most liquid format of asset, so it is not likely it will crash in any foreseeable future

[A10010]

Dollar is quite strong right now, if it crashes we will be able to by even more dollars with our bitcoins...

[Rude Boy]

if it happend, my currency(INR) will get more valued currency.

[lalaisen]

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

[Somekindabitcoin]

My euro will shoot up.

[Vhawk23]

USA will use BTC... Maybe...
Or... all currencies will go high

[sidhujag]

My euro will shoot up.

No euro too high its dead

[el kaka22]

if that happens, BTC for no.1 and my country legalize bitcoin aww,,,,its a good news; D then maybe my IDR will rise and food prices will certainly cheap ,

[Vhawk23]

if that happens, BTC for no.1 and my country legalize bitcoin aww,,,,its a good news; D then maybe my IDR will rise and food prices will certainly cheap ,

Yay, if it come true, i'll be happy to, because i'm using IDR too
food and gasoline price will be cheap and some America company at our land will vanish
And we'll live like a rich people everyday

[calme]

if it happend, my currency(INR) will get more valued currency.

Your currency isn't the rupee so don't joke about it.

[aso118]

There are too many threads asking the consequences / warning about USD's collapse.
The collapse would be gradual, if at all. USD first has to lose the confidence of various nations and its status as a reserve currency. When crude is no longer denominated in USD, I would be worried.

[Somekindabitcoin]

My euro will shoot up.

No euro too high its dead

Lol that's what you think.

[Undermood]

There are too many threads asking the consequences / warning about USD's collapse.
The collapse would be gradual, if at all. USD first has to lose the confidence of various nations and its status as a reserve currency. When crude is no longer denominated in USD, I would be worried.

I was thinking a scenario,  some other currency's economy takes the place of the USA, and the currency gets the status of a reserve currency. American economy falls in crisis and experience hyperinflation. No ppl want to use USD. Then USD is finished. 

[zetaray]

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.

[Agestorzrxx]

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?

It's unlikely too happen in our age.
The US government  will not allow this happened.  if the US Dollar crashes it means the US collapse.

[Amph]

bitcoin will tied with euro if the dollar crash, otherwise bitcoin will crash too

then the USA will probably buy every bitcoin, and control the market again, nothing will change

[BillyBobZorton]

bitcoin will tied with euro if the dollar crash, otherwise bitcoin will crash too

then the USA will probably buy every bitcoin, and control the market again, nothing will change

Bitcoin is completely independent and has nothing to do with the fiats, it's not cause and effect, but logically any fiat showing weakness benefits Bitcoin and metals.

[Gyfts]

I imagine precious metals will begin to sky rocket in value. Prices of gold, and probably silver will rise if fiat happens to crash. In terms of Bitcoin, I can imagine it would possibly crash too. It's not tangible, so the value would probably be in the air.

[Somekindabitcoin]

I imagine precious metals will begin to sky rocket in value. Prices of gold, and probably silver will rise if fiat happens to crash. In terms of Bitcoin, I can imagine it would possibly crash too. It's not tangible, so the value would probably be in the air.

Though, the only reason the metals will start to skyrocket is because of the worth of the USD. If you were to buy it with another stable currency, it would stay at that same price. Since other countries rely on the USD though, they could see their currencies drop as well.