What if US Dollar Crashes?

[manselr]

First of all if it collapses get ready. The more you can provide for yourself, the better off you will be. Do whatever you can to reduce your reliance on the power grid, harnessing solar energy and limiting the use of electricity to powering actual necessities is a good start.

The more food you can grow or produce, the more money youll save and the healthier you'll be, not to mention the fact that you'll be more self-reliant when the SHTF. After that is solved you can start worring about BTC going to the moon.

[waterpile]

If usd crashes then euro will sky rocket and USA will be in a economic depression

[sidhujag]

If usd crashes then euro will sky rocket and USA will be in a economic depression

Euro is going to be gone

[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

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.

right now we are evaluating bitcoin basing on fiat, if all fiat crashes then how can you evaluate it? it's value cannot simply rise because you can't evaluate it anymore

If usd crashes then euro will sky rocket and USA will be in a economic depression

Euro is going to be gone

why you keep saying this, euro is still stronger than usd, despite the current situation

[Fabrizio89]

Markets will turn around in the coming weeks I think. Bitcoin will be affected too.
It's a great time for trading with bitcoins in forex and enjoy double profits.

[dulldog]

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?

In my opinion that's another overreaction, which economists are very good at. I mean there's no secret US Dollar is troublesome, but hey it is a highly liquid floating currency being in popular demand all over the world, of course it looks risky.

The thing is there's a strong economy behind dollar's back so I think it's gonna stay fine.

[BrianM]

I do not get it.
Why is the dollar so strong?
I looks like the dollar is not about to crash anywhere, unless it is super inflated.
Maybe it is simular to those pump and dump we see from altcoin.
Pump the dollar to the moon and dump them all.

[memai]

I think that's unable happen to USD. or the world won't let it happen

[nambich]

USD will never crashes. I believe in that because USD is too strong .

[Natalia_AnatolioPAMM]

If USD crashes, new currency would replace it. New currency like BTC or Yuan

[dzambodzetem]

If dollar crashes then one of two will happen in my opinion: either other currencies like euro yuan yen etc. will rise high or they will fall with dollar. The same goes for bitcoin, today global economy binds currencies all aver the world

[johnyj]

It is almost impossible for money to crash (During a crisis, everyone is looking for money), and USD is obviously regarded as the most stable form of money. However, if many powerful people are getting tired by being robbed by FED, they might start some action, a currency war might be the first step

[pereira4]

It is almost impossible for money to crash (During a crisis, everyone is looking for money), and USD is obviously regarded as the most stable form of money. However, if many powerful people are getting tired by being robbed by FED, they might start some action, a currency war might be the first step

It can crash, but its the last to go. USD is still the world currency reserve, it's still the king. Sort of like the Bitcoin of fiats.

[Coinshot]

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?

The global economy will melt, and everyone will flee into gold and some others like CHF, but not BTC. It is still not at the stage where it can profit off from a massive loss in confidence.

Maybe eventually in the future when it is well established with several thousand times more market cap, but not now.

[Ron~Popeil]

If the dollar crashes it means most other currencies have as well. Whether right or wrong they are all pretty much pegged to the dollar. You might actually see more chaos if the dollr continues to strengthen. If our national debt keeps climbing in value there will be some nasty side effects.

[mrhelpful]

The USD will never crash lol. As in it`ll still be used everywhere.

Its long ways from crashing since, its on international level where other international banks rely on it as well. So if they feel like the u.s needs money without needing to print more u.s dollars.

They lend their own source as a credit card would, but just for the u.s government only.

Everything is based on the u.s dollar alone, look at all crashes and then the deficit still at trillions and we still use this shitty paper still.

[tokeweed]

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?

By crash, you mean really crash?  The whole world economy will crash bringing everything with it...  including bitcoin.

[johnyj]

John Law's fiat money crashed because his paper money is backed by gold. And people redeemed gold coin with all those paper money during a panic, when there was no gold coin left, his paper money lost backing and worth nothing


But USD is backed by debt. People can not redeem USD for bond since there is no convertibility, only FED decide if they would like to purchase bond or sell bond, not individual USD holders

And most of the USD is hold in some of the bank account, which is strictly controlled by the banks, people can not withdraw a lot of USD cash to cause a bank run

Unless there is a large amount of dump of USD for something else more credible, I don't see how it is possible for USD to fail. Maybe bitcoin as a more trust worthy currency will weaken it, but not in any foreseeable future

[sidhujag]

John Law's fiat money crashed because his paper money is backed by gold. And people redeemed gold coin with all those paper money during a panic, when there was no gold coin left, his paper money lost backing and worth nothing


But USD is backed by debt. People can not redeem USD for bond since there is no convertibility, only FED decide if they would like to purchase bond or sell bond, not individual USD holders

And most of the USD is hold in some of the bank account, which is strictly controlled by the banks, people can not withdraw a lot of USD cash to cause a bank run

Unless there is a large amount of dump of USD for something else more credible, I don't see how it is possible for USD to fail. Maybe bitcoin as a more trust worthy currency will weaken it, but not in any foreseeable future

Probably jpy aus nzd cad and gbp..

[peeveepee]

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 unlikely to happen. The world is too depended on US and USD.