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Author Topic: What would happen to Bitcoin IF the price of the dollar crashed?  (Read 1219 times)
azguard
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February 02, 2016, 09:46:29 AM
 #21

to give you honest answer will be dont know if dollar can collapse or even crashes but in this world anything is possible will this influence the price i dont think it will be hard cuz it not just dollar here we have euro, GBP and local btc exchanges with there country currency so really tough question to ask.



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MaritiJames3
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February 03, 2016, 10:25:19 AM
 #22

Probably the Bitcoin price would go up, same happened when the  chinese Yuan value dropped

No.

USD is Safe Haven, not BTC.

When CNY devalues, CNY runs to BTC, and then ultimately to USD.

BTC is not a safe haven. It is a conduit and a conduit that only makes sense in one direction. If USD goes down, nobody is going to be running into the CNY, or the EUR, cos by definition, they will be going down as well.

When/if USD goes down, safe haven will be commodities, gold, silver, etc.

fiat money= safe haven? do not compute at all

i can agree on gold, but fiat is bound to collapse eventually and not for bitcoin, but for their own rotten system


I do think that Bitcoin is going to grow enormously and it is much more popular. I also think that more people should know what Bitcoin is and what it does.
Many people know that does not and that is unfortunate. If they know what it is they will use it too.
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