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Author Topic: When the dollar collapsed, gold and bitcoin which is the best alternative?  (Read 1459 times)
mayxi865
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December 16, 2016, 03:26:31 AM
 #1

What will be the medium of exchange for the world economy after the collapse of the dollar?


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December 16, 2016, 04:00:56 AM
 #2

It all depends on what services are going to be available after the dollar is removed from reserve currency status. If there are still a lot of internet services up, then Bitcoin will likely be a pretty good candidate for a medium for trade. If there is any sort of war resulting from that, then you should expect for gold to be considered more valuable. Bitcoin would more than likely appear to be a trinket for most people.














 

 

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December 16, 2016, 04:34:19 AM
 #3

If all these collapses, just prepare those water and salt. They'd be the next valuable thing if such thing happen. If war happens, water to drink and salt for food use will be very much needed.

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December 16, 2016, 04:37:11 AM
 #4

What will be the medium of exchange for the world economy after the collapse of the dollar?
I will always prefer Bitcoin between Both of them because the main reason is that I am a low money/Bitcoin holder So I will use Bitcoin to invest my money to get sudden profit .
Here everyone knows that the growth in  price of gold is like a turtle movement .


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December 16, 2016, 04:59:12 AM
 #5

When the dollar collapses, if it collapses, then chances are the best interim medium of exchange is going to be gold. It is a resource that has recognized value everywhere, and it is most definitely something people are willing to pay for. Bitcoin, on the other hand, is more niche and not as exchangeable as a PM such as gold. While Bitcoin is great for a society like the one we have, it doesn't really prosper without a highly connected community.
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December 16, 2016, 05:06:10 AM
 #6

Huh? Who the hell uses gold as a currency? This isn't ancient Rome. Anyways, bitcoins are finite and are clearly a better option because they aren't so horrible for the environment to mine vs gold. People can spend bitcoins, where the hell can I spend a gold nugget?














 

 

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December 16, 2016, 05:21:31 AM
 #7

When the dollar collapses, if it collapses, then chances are the best interim medium of exchange is going to be gold. It is a resource that has recognized value everywhere, and it is most definitely something people are willing to pay for. Bitcoin, on the other hand, is more niche and not as exchangeable as a PM such as gold. While Bitcoin is great for a society like the one we have, it doesn't really prosper without a highly connected community.
In order to be considered for a medium of exchange, the replacement would have to have a fairly stable purchasing power.  Gold will not have a stable purchasing power in the USD collapse scenario and neither will Bitcoin.  The US gov't will enact measures in an attempt to stabilize the currency and it will continue to be the medium of exchange.  Failing that, perhaps the Yuan, the Ruble, or (heaven forbid) the Euro will replace it but the alternative will most definitely be a fiat currency.  In this scenario, gold will be hoarded and its value will moon (wrt any fiat currency).

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December 16, 2016, 06:19:10 AM
 #8

If that happened, I think bitcoin can't replace it for now because we know it has also limitations. They will still choose continue using what they have and that is the fiat only. Bitcoin is a cypto currency that suits only its function online.

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December 16, 2016, 08:17:26 AM
 #9

In my opinion, if dollar collapse, no country will ever dare use bitcoin as the best alternative. They might create dollar v2.0 just to replace the dollar now that is collapsing. It is also possible that they will switch to gold since gold has been around for a very long time and has been used since the ancient times. The chance of them using bitcoin as an alternative when dollar collapse seems lesser than they using gold when it happens but most probably they will create new dollar.

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December 16, 2016, 09:17:46 AM
 #10

It depends when OP believes that USD will collapse; If this happens in nearby future then another fiat will take his place. Euro is very weak after eurozone crisis and China waits with RMB just to maintain their economic growth. Older people and not familiar with digital coins will use gold at first and bitcoins the youngers. In the distant future maybe people have fiat money as souvenirs from the past.
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December 16, 2016, 10:26:05 AM
 #11

What will be the medium of exchange for the world economy after the collapse of the dollar?

i choose bitcoin for the best alternative, because i see that bitcoin can be one solution for the new economic and bitcoin can reach all people without any differences and beside that, bitcoin have many benefit that we already knew.

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December 16, 2016, 10:42:30 AM
 #12

What will be the medium of exchange for the world economy after the collapse of the dollar?

The world economy is an abstraction in and of itself

It is just a useful concept which stems from considering separate economies of various countries such as the US, the EU, China, Russia, etc as one whole. In this way, the question doesn't make much sense since all these countries are using the own currencies. Yes, the US uses the US dollar apparently, so the correct question should be more like what the US is going to use after the collapse of the US dollar? I think that they will just switch from Benjamins to Donalds, and that's pretty much all there's to it (provided the US itself doesn't disintegrate in the process, of course)

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December 16, 2016, 10:54:21 AM
 #13

ofcourse it will always be the gold we all know that gold nowadays disappearing and it could also be a accessories and its a good investment. while bitcoin currency was not stable as you expecting. and anytime bitcoin currency could disappear too. thats why i prefer gold as an alternative than bitcoin currency.


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December 16, 2016, 11:11:18 AM
 #14

When the dollar collapses, if it collapses, then chances are the best interim medium of exchange is going to be gold. It is a resource that has recognized value everywhere, and it is most definitely something people are willing to pay for. Bitcoin, on the other hand, is more niche and not as exchangeable as a PM such as gold. While Bitcoin is great for a society like the one we have, it doesn't really prosper without a highly connected community.
In order to be considered for a medium of exchange, the replacement would have to have a fairly stable purchasing power. Gold will not have a stable purchasing power in the USD collapse scenario and neither will Bitcoin.  The US gov't will enact measures in an attempt to stabilize the currency and it will continue to be the medium of exchange.  Failing that, perhaps the Yuan, the Ruble, or (heaven forbid) the Euro will replace it but the alternative will most definitely be a fiat currency.  In this scenario, gold will be hoarded and its value will moon (wrt any fiat currency).

Bitcoin is, of course, off the table

But with gold it remains to be seen. If the US dollar crashes, things go from bad to worst with the US itself being dissolved, and there is a need for a currency intended to settle international accounts (which is a big if, as I said before), the governments may agree to return to a kind of gold exchange standard (new Bretton Woods but now without the US) and set up a unit of account backed up by physical gold, which would be used on an international scale for clearing trading imbalances between countries

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December 16, 2016, 11:58:40 AM
 #15

Really it happens many people will be thinking which currency to choose because bitcoin is not completely implemented every part of the world, where as gold is every where. I hope many people will divert to gold until bitcoin is implemented in part of the country. Still bitcoin will be used because it has more efficient features when compared to gold because we can move bitcoins to every part of the world. Where as gold we cannot move there are lot of security reasons behind it.


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ultrloa
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December 16, 2016, 12:09:41 PM
 #16

Well majority of us surely selects bitcoin since we used to use this currency at this moment, but i dont think more people would adopt it for now nor government since surely they have a plan B for that and make a way to recover up their economy and revivef again the USD, this speculation or thoughs is just a dream and will not come in reality so wake up guys not everybody knows bitcoin and might people would prefer another known thing rather than this one.



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Vaccinus
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December 16, 2016, 12:25:22 PM
 #17

of course bitcoin, people will remember when it will it 10k and none will talk about old shitty gold and fiat currency, bitcoin will be the new standard the facto for all country

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December 16, 2016, 01:02:56 PM
 #18

most of countries using dollar as international currency because dollar as the biggest currency in the world and if dollar collapsed i think most of countries in the world including my country will experience a financial crisis and gold or bitcoin isn't the best alternative as dollar replacing and in my opinion there is no currency could be the replacing dollar and if this really happening maybe gold or bitcoin will became not valuable anymore and we must prepare to the chaos in the world

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December 16, 2016, 03:22:41 PM
 #19

If ever this happen, Gold may take place for dollar and bitcoin will be like gold. However whatever gold that will be under trading market will be virtual gold so manipulators will just control supply of virtual gold just like they control the supply of dollar and add up more virtual gold without real backup if needed. So ultimately best alternative will be bitcoin.


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December 16, 2016, 03:43:32 PM
 #20

If all these collapses, just prepare those water and salt. They'd be the next valuable thing if such thing happen. If war happens, water to drink and salt for food use will be very much needed.

Lol, water and salt but no food?  The plan is drown people with water then dump salt on them and eat them?

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