sempak
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August 20, 2016, 01:04:36 AM |
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of course, when the dollar declined and destroyed the world economy will have an impact. including bitcoin. will be a lot of speculators that could happen. usually other currencies will rise very high.
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Indrawan77
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August 20, 2016, 02:00:28 AM |
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I dont think it will affect much, if the dollar get weaker then the exchange rate will also got weaker, it wont affect too much on bitcoin because the user of bitcoin is all over the world and bitcoin is decentralized so its not depend on a country currency , bitcoin is going to get impact if the user abandon it
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goldcoinminer
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August 20, 2016, 08:43:43 AM |
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I dont think it will affect much, if the dollar get weaker then the exchange rate will also got weaker, it wont affect too much on bitcoin because the user of bitcoin is all over the world and bitcoin is decentralized so its not depend on a country currency , bitcoin is going to get impact if the user abandon it
You are right, the economy of the US does not affect bitcoin that much because this is an international currency and it is widely use all over the world. If US will be weaken then other countries will be stronger like china is a good example, as they are also engaging in bitcoin and they have a great economy now.
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Cresciuanto
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August 20, 2016, 09:34:40 AM |
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as we can see that in present time the most stable and powerful fiat currency of the world is US Dollar, most of the countries are using USD for their trade, this mean that their economy is totally depending of USD, therefore first it is very difficult that USD will ever unstable and it is only possible if America is economically fell down then dollar will unstable, but Dollar crash me crash of economic condition of so many states, not only that of America
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funkenstein
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August 20, 2016, 06:45:51 PM Last edit: August 20, 2016, 06:56:58 PM by funkenstein |
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as we can see that in present time the most stable and powerful fiat currency of the world is US Dollar, most of the countries are using USD for their trade
Sure and we can see the moon is made of green cheese. Have you ever been oveseas? What currencies are commonly used in the most populous areas of the world? , this mean that their economy is totally depending of USD,
The notion that anybody or anything's economy is dependent on a fiat currency is patently absurd. This is like saying that the productivity of a garden for a farmer depends on rodents stealing the vegetables. Production, employment, trade, infrastructure, these are the things that matter to an economy. The ability of a private token issuer to fleece the population depends on the economic health sure, but NOT the other way around.
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funkenstein
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August 20, 2016, 07:03:07 PM |
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to me US Dollar is a very very strong currency in present time and it not going to crash, and perhaps it happen and bitcoin crash down it will also fell down the who economy of the world, because most of the countries are depending of Dollar for their economy,
Yes very strong, you can buy like almost 2 millibitcoins with it. Up so high from five years ago. And retained so much value over time, just think what food or clothes or rent cost a single dollar ten years ago now only costs 2 or a little more! Most of countries are depending of dollar?? Where to even begin with this nonsense. People in countries depend on food, clothing, shelter, energy, transportation, sure.. but a foreign currency issued in private by gangsters? What are you thinking seriously? You can't really blame people for seeing the USD as very important as nearly everything in the world is tied to it, in order to give that "thing" (could be oil, gold, diamons, sugar, etc) value. They see it as a strong and solid currency. What they don't see, or perhaps don't want to see, is that the country behind it is theoretically bankrupt. Actually NOTHING in the world is tied to it. Oil, diamonds, gold, sugars, all float vs. fiat currencies and the long term trend in each is always towards higher amounts of the fiat currency. If you see this as in any way strong, you simply haven't observed the long term trends in the world and have also never taken the time to think about private currency issuance. Whether or not some corporation is bankrupt or not is hardly relevant to this narrative.
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upsidedown75
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August 22, 2016, 09:12:06 PM |
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Meaning it did not crashed already? I don’t know if you guys realize this but back in the day people would work as mailman and be able to purchases a house , a car every other year, send kids to college with savings and sometimes try to build a side business. Now a software developer who makes 100k+ per year can’t afford RENT of a decent house in LA. Dollar already crashed , it just wasn’t told in public.
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SvenBomvolen
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August 22, 2016, 09:19:52 PM |
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Is it possible dollar to crash? What will that crashing mean for rest of the world economy? Here we talk about revolution, after this there will be biy chaos on the world. If dollar really crash, it will make a lot of empty space, depending who will be the strongest after revolution, that currency will dominate and take that free space. Bitcoin will have a chance, if there be enough people to support idea of bitcoin and decentralized currency.
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Universat
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August 22, 2016, 10:57:48 PM |
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first it is not possible that the US Dollar will crash and if it ever happen then economy of US and so many other countries will also crash, because most of the states are depending on US Dollar for their business.
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Danielzo
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August 28, 2016, 10:47:19 AM |
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It’s easy. Bitcoin’s reign of supremacy will likely begin.
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Nimbulan
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August 28, 2016, 04:41:59 PM |
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It’s easy. Bitcoin’s reign of supremacy will likely begin.
you are right, thats why i would like for dollar to crash because our financial system is really messed up, in my opinion bitcoins should become in the future though
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milewilda
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September 02, 2016, 08:45:54 AM |
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Is it possible dollar to crash? What will that crashing mean for rest of the world economy? Here we talk about revolution, after this there will be biy chaos on the world. If dollar really crash, it will make a lot of empty space, depending who will be the strongest after revolution, that currency will dominate and take that free space. Bitcoin will have a chance, if there be enough people to support idea of bitcoin and decentralized currency.
Revolution would happen to other same currencies of dollar, bitcoin would no have space to take that spot if ever dollar would crash for sure other currencies would strongly to took that spot but not bitcoin, as we all know bitcoins price mainly converted or traded into US dollars, if $ crash then for sure bitcoin price would surely depleted also.
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extrabyte
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September 02, 2016, 01:16:07 PM |
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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?
If the US dollar crashes then it will affect also other currencies like Yuan, British Pounds, Euro and bitcoin will be affected too, but I don't think that will crash too far because at least bitcoin value can be checked by another currency so if US crashes then the value of bitcoin in US dollars will crash or increase.
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J Gambler
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September 02, 2016, 02:35:42 PM |
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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?
For me bitcoin will never crashed because it is the money their using since they start something in there life and it can't change too because it is mainstream that that USD is representing as a USA money if it going to change it possible too ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) and will not affect bitcoin it always stay bitcoin
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agustina2
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September 02, 2016, 03:32:12 PM |
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Is it possible dollar to crash? What will that crashing mean for rest of the world economy? Here we talk about revolution, after this there will be biy chaos on the world. If dollar really crash, it will make a lot of empty space, depending who will be the strongest after revolution, that currency will dominate and take that free space. Bitcoin will have a chance, if there be enough people to support idea of bitcoin and decentralized currency.
Revolution would happen to other same currencies of dollar, bitcoin would no have space to take that spot if ever dollar would crash for sure other currencies would strongly to took that spot but not bitcoin, as we all know bitcoins price mainly converted or traded into US dollars, if $ crash then for sure bitcoin price would surely depleted also. Exactly nice point there although can't really understand other technical aspects on how will other fiat currencies will have to take over the btc to usd exchange. If USD will crash then bitcoin is too since the value of it is depend on the current USD price. But this is only applied as long as USD is still the direct exchange converted for bitcoin as main basis.
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newcoins1978
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September 07, 2016, 02:01:14 PM |
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If the US Dollar crashes then first of all it would be all over the news but I would not know what would happen because I cannot even imagine that. The US is one of the most powerful countries in the world and same goes for their currency.
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djank
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September 07, 2016, 02:21:00 PM |
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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?
If that happen, that will be good ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) , we will back using gold/precious metal, the real money. or bitcoin backed with gold ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ?
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DuckKeeper
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September 07, 2016, 02:30:25 PM |
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The us dollar crashed no that would never happen and i know what you are thinking the us dollar will crash and the bitcoin will take over i dont think this theory would happen a day not even in a hundred years.
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mindrust
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September 07, 2016, 02:38:52 PM |
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If USD Crashes, I would turn everything i have in to USD. That's the number 1 rule in trading: If it is too cheap, buy it all. If it is too valuable, sell all. I would definitely buy those cheap USD's. America is still a lot better country than the most.
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Altcoinmoney
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September 07, 2016, 02:42:20 PM |
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I can tell you one thing and that is that the bitcoin cant crash after this because the us dollar is to popular everyone on this planet has some dollars and that will never change money is the thing in life.
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