What if US Dollar Crashes?

[Net1zen]

Currency itself isn't necessary tool for economics.
In long run - blockchain based barter will takeover.

Everything has own marker value. If this value is greater then zero, it can be exchanged to anything else.
Any asset can be represented as digital tokens, divisible and exchangeable.

Just wait for a day when someone buys first Pizza paying shares of his house or minutes of his work time. In fact, pizza seller doesn't care about this house shares, he will receive tokens what HE needs: all cross-exchange can happen instantly on global distributed market.

Other thing is measure of value, to set prices and valuate assets. For this can be used calculated Units of account, anchored to real economic. Currencies with rates, linked to this units can be "printed" by many independent issuers as well as smart contracts, and market will choose the best of this competitors.
 

[Ossidalm]

If us dollar chrashes I think all people in the world will looking for the alternative way. People will not thrust to fiat any more. I think if they didn't use  use gold as payment methode they will use bitcoin.

I think we have the same opinion here. If dollar crashes, people will tend to look other investment option and I think there are significant people that will look after the bitcoin.Though not all but it is a plus factor for bitcoin to appreciate.

That is right. If the fiat or the dollar crashes, people will find that the bitcoin is the best alternative to have.

[Tanic]

If us dollar chrashes I think all people in the world will looking for the alternative way. People will not thrust to fiat any more. I think if they didn't use  use gold as payment methode they will use bitcoin.

I think we have the same opinion here. If dollar crashes, people will tend to look other investment option and I think there are significant people that will look after the bitcoin.Though not all but it is a plus factor for bitcoin to appreciate.

That is right. If the fiat or the dollar crashes, people will find that the bitcoin is the best alternative to have.

I doubt that in the case of dollar crushing people will look at bitcoin as at the best alternative. There are many people who don't understand bitcoin at all, and this number are higher than the number of bitcoin users.

[tee-rex]

Currency itself isn't necessary tool for economics.
In long run - blockchain based barter will takeover

If currency weren't required, it wouldn't exist. Without currency, you would have to use barter, and that would quickly lead to subsistence economy which could support only basic needs through primitive agriculture, fishing, hunting, gathering, and such things. There would be no commodity production, and people would soon end up living in caves, huts, and dugouts.

[funkenstein]

Currency itself isn't necessary tool for economics.
In long run - blockchain based barter will takeover

If currency weren't required, it wouldn't exist. Without currency, you would have to use barter, and that would quickly lead to subsistence economy which could support only basic needs through primitive agriculture, fishing, hunting, gathering, and such things. There would be no commodity production, and people would soon end up living in caves, huts, and dugouts.

Nonsense.  Currency IS a form of barter, just like a square IS a rectangle. 

Trade is required, sure ..  the thing we trade with most often we call a currency.  Different types of barter are indicative of ADVANCED traders, not primitive ones - who simply use the default route which doesn't require negotiation.   

[freedomgo]

If us dollar chrashes I think all people in the world will looking for the alternative way. People will not thrust to fiat any more. I think if they didn't use  use gold as payment methode they will use bitcoin.

I think we have the same opinion here. If dollar crashes, people will tend to look other investment option and I think there are significant people that will look after the bitcoin.Though not all but it is a plus factor for bitcoin to appreciate.

That is right. If the fiat or the dollar crashes, people will find that the bitcoin is the best alternative to have.

I doubt that in the case of dollar crushing people will look at bitcoin as at the best alternative. There are many people who don't understand bitcoin at all, and this number are higher than the number of bitcoin users.

Not all people will transfer their money to bitcoin but smart people are already doing it now, regardless how strong a currency is there's a chance that it will collapse and it can happen to dollars.

[noictib]

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?

I don't think that it will happen because USD is the unit of about every currency at international level that making the USD more powerful . So usually daily increase in the value of btc instead of Down .

[qiman]

I think with DONALD TRUMP as president the U.S dollar will be fairly stable. He is a businessman and will know how to make the dollar strong enough to hold but weak enough to be competitive. If you notice he as put all business people in his cabinet. He will run the economy like he runs his business to always turn over a profit. If the dollar crashes, all the rich have already got other investments ready.

[sportis]

People everyday they have the same fear. Especially when there are periods of a worldwide economic crisis. Interested users would be good to read about Nixon shock https://en.wikipedia.org/wiki/Nixon_shock. It was a form USD collapse. Those years people resorted to gold in times of economic uncertainty. Now they have not only gold but bitcoin too.

[cakravothy]

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?

dollar crash and down bitcoin price can up
but dollar if not major in bitcoin trading with pair fiat money
in major pair is yuan, bitcoin/yuan is trend bitcoin price, all exchanger follow trend in huobi and okcoin
in there if the first rank and second rank the best volume transaction in trading

[virtualkeybuyer]

If us dollar chrashes I think all people in the world will looking for the alternative way. People will not thrust to fiat any more. I think if they didn't use  use gold as payment methode they will use bitcoin.

I think we have the same opinion here. If dollar crashes, people will tend to look other investment option and I think there are significant people that will look after the bitcoin.Though not all but it is a plus factor for bitcoin to appreciate.

According to my views bitcoin is already in the struggle to take the place of dollar which no any other currency is doing right now and any other currency do not have that much tendency. Online businesses already preferring to bitcoin for their dealings and I am sure on other businesses it will also be a favorable currency and bitcoin will take the place without waiting for the natural crash.

[tee-rex]

Currency itself isn't necessary tool for economics.
In long run - blockchain based barter will takeover

If currency weren't required, it wouldn't exist. Without currency, you would have to use barter, and that would quickly lead to subsistence economy which could support only basic needs through primitive agriculture, fishing, hunting, gathering, and such things. There would be no commodity production, and people would soon end up living in caves, huts, and dugouts.

Nonsense.  Currency IS a form of barter, just like a square IS a rectangle. 

Trade is required, sure ..  the thing we trade with most often we call a currency.  Different types of barter are indicative of ADVANCED traders, not primitive ones - who simply use the default route which doesn't require negotiation.   

What is nonsense exactly? Even if currency is a form of barter, this doesn't mean that currency is not required for the economy. Though I would still prefer to distinguish between direct exchange of goods known as barter and the exchange with the help of a money token. In this manner, the difference between these two types of exchange may lie in the fact the money token itself may only be used for mediating exchange, for example, fiat money or Bitcoin itself.

[OrangeII]

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?

dollar crash and down bitcoin price can up
but dollar if not major in bitcoin trading with pair fiat money
in major pair is yuan, bitcoin/yuan is trend bitcoin price, all exchanger follow trend in huobi and okcoin
in there if the first rank and second rank the best volume transaction in trading

dollar crashes and down not only make bitcoin price rises, but it makes the price of currencies in the world to rise. I think this will be very advantageous situation for traders to take advantage of going. but, I think it would also lead to the economic crisis in some countries.

[funkenstein]

Currency itself isn't necessary tool for economics.
In long run - blockchain based barter will takeover

If currency weren't required, it wouldn't exist. Without currency, you would have to use barter, and that would quickly lead to subsistence economy which could support only basic needs through primitive agriculture, fishing, hunting, gathering, and such things. There would be no commodity production, and people would soon end up living in caves, huts, and dugouts.

Nonsense.  Currency IS a form of barter, just like a square IS a rectangle. 

Trade is required, sure ..  the thing we trade with most often we call a currency.  Different types of barter are indicative of ADVANCED traders, not primitive ones - who simply use the default route which doesn't require negotiation.   

What is nonsense exactly? Even if currency is a form of barter, this doesn't mean that currency is not required for the economy. Though I would still prefer to distinguish between direct exchange of goods known as barter and the exchange with the help of a money token. In this manner, the difference between these two types of exchange may lie in the fact the money token itself may only be used for mediating exchange, for example, fiat money or Bitcoin itself.

The part that I thought was nonsense was that people would go back to living in caves because of some difference in financial units.  The cat is out of the bag in terms of the knowledge of cement, metallurgy, and even photolithography on semiconductors.  That stuff works, and the sun continues to shine,  no matter how people prefer to trade with each other. 

[MingLee]

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?

I don't think that it will happen because USD is the unit of about every currency at international level that making the USD more powerful . So usually daily increase in the value of btc instead of Down .

It can happen because US now is on a big debt to many countries and private institutions. And if this happens, then the world government will find a way to have another currency that can be reliable for the world economy. I am thinking about Chinese Yuan will replace the position of US government, no doubt China has good economy.

The US may be in debt, but that doesn't mean they're close to collapsing. They're being pushed towards collapsing because the US has served its purpose for those who own the politicians, banks, etc., and the US is losing a majority of the value it used to have.

It will likely continue for a long time, but it is definitely being tested. Hillary would have ensured that the US would have devolved into a less-productive country (note a lot of the survey after the election), but Trump presents a wildcard. We have yet to see what happens.

[markyminer]

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?

I don't think that it will happen because USD is the unit of about every currency at international level that making the USD more powerful . So usually daily increase in the value of btc instead of Down .

It can happen because US now is on a big debt to many countries and private institutions. And if this happens, then the world government will find a way to have another currency that can be reliable for the world economy. I am thinking about Chinese Yuan will replace the position of US government, no doubt China has good economy.

The US may be in debt, but that doesn't mean they're close to collapsing. They're being pushed towards collapsing because the US has served its purpose for those who own the politicians, banks, etc., and the US is losing a majority of the value it used to have.

It will likely continue for a long time, but it is definitely being tested. Hillary would have ensured that the US would have devolved into a less-productive country (note a lot of the survey after the election), but Trump presents a wildcard. We have yet to see what happens.

yes it will continue for a long time. but USD is in its full flash and is the king of all currencies, and there is not such big issue related to USD therefore there are very less chances that USD will crash,

[sportis]

The US may be in debt, but that doesn't mean they're close to collapsing. They're being pushed towards collapsing because the US has served its purpose for those who own the politicians, banks, etc., and the US is losing a majority of the value it used to have.

It will likely continue for a long time, but it is definitely being tested. Hillary would have ensured that the US would have devolved into a less-productive country (note a lot of the survey after the election), but Trump presents a wildcard. We have yet to see what happens.

yes it will continue for a long time. but USD is in its full flash and is the king of all currencies, and there is not such big issue related to USD therefore there are very less chances that USD will crash,

Though this very difficult in the near future is not impossible because there are the conditions that USD may collapse. The debt to GDP is over 100% that means repay of dept will be with cheaper money if US government decides a small devaluation. Secondly his strength is based on reserves of foreign currency banks. If the latter lose their credit to dollar then another fiat must replace it. Euro after the crisis in eurozone is weak with uncertain future. China, although holds a big part of US dept will not left behind for a long time if believes that RMB can replace dollar and maintain their current economic growth.

[X-ray]

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?

I don't think that it will happen because USD is the unit of about every currency at international level that making the USD more powerful . So usually daily increase in the value of btc instead of Down .

It can happen because US now is on a big debt to many countries and private institutions. And if this happens, then the world government will find a way to have another currency that can be reliable for the world economy. I am thinking about Chinese Yuan will replace the position of US government, no doubt China has good economy.

The US may be in debt, but that doesn't mean they're close to collapsing. They're being pushed towards collapsing because the US has served its purpose for those who own the politicians, banks, etc., and the US is losing a majority of the value it used to have.

It will likely continue for a long time, but it is definitely being tested. Hillary would have ensured that the US would have devolved into a less-productive country (note a lot of the survey after the election), but Trump presents a wildcard. We have yet to see what happens.

yes it will continue for a long time. but USD is in its full flash and is the king of all currencies, and there is not such big issue related to USD therefore there are very less chances that USD will crash,

Have you read the recent news? yuan is now becoming stronger than before and will be a potential threat for USD and could take over its place. china is now growing significantly and if they are keeping this up or even getting better and better there's a chance that USD will become no more king of all currencies but yuan will do. US government may thinking about it but it's just the matter about the time until it's proven who deserve to be king of currencies in the future

[michkima]

~snip~

Have you read the recent news? yuan is now becoming stronger than before and will be a potential threat for USD and could take over its place. china is now growing significantly and if they are keeping this up or even getting better and better there's a chance that USD will become no more king of all currencies but yuan will do. US government may thinking about it but it's just the matter about the time until it's proven who deserve to be king of currencies in the future

I also believe that one day the US will not be the most powerful country in the world because it is not producing anything and just outsourcing everything. Also, their laws are really difficult for companies to do business in. Especially their tax laws. So a lot of big corporations like Apple moved its headquarters away from the US because they can get better tax treatment elsewhere. In effect the US is losing income. Most of the time, money equates to power and if without money the US may fall. The world's powers will shift one day to another country. The fall of the USA is the fall of the USD.

[tee-rex]

Have you read the recent news? yuan is now becoming stronger than before and will be a potential threat for USD and could take over its place. china is now growing significantly and if they are keeping this up or even getting better and better there's a chance that USD will become no more king of all currencies but yuan will do. US government may thinking about it but it's just the matter about the time until it's proven who deserve to be king of currencies in the future

What recent news do you speak about? Could you please post here a price chart for the yuan vs the dollar if it is really becoming stronger? As far as familiar with this question, the central bank of China has been devaluing the yuan for at least two years in a row. Because their economy is slowing down, we could expect the authorities to continue this process of devaluation to support their exporters and give a boost to their economy.