If USD falls

[cafucafucafu]

I am also of the opinion that the price of bitcoin will increase more higher because many people have their money invested in dollar and some have saved their money in dollar but when the price of dollar will fall then people will search for other good currency which will be easily used for international use then they will find bitcoin for that purpose.

First tell me how it will fail.it is not computer code which will be affected by something.price of usd may fall with respect to some other currencies but will never fail. Do not misunderstand usd and bitcoin , bitcoin has become a new investment asset but it cant take place of usd as it is not stable

Currencies are certainly not computer code

But that doesn't mean that they can't fail. Even whole countries can fail, they are called "failed states". For example, Somali is considered a failed state, while Zimbabwean dollar a failed currency. A failed currency means that no one gives a fuck about it, i.e. no one is going to exchange even shit for it. If you think that the US dollar is somehow conceptually different from its Zimbabwean cousin, you may have to reconsider your point

^This.

Fiats are currently safe to hold your wealth in because people perceive as it being safe. As soon as people panic due to some sort of negative news, then fiat will collapse. The financial crisis in 2008 came close to disrupting the whole debt cycle, but they decided to bail out the banks by printing more and more fiat.

Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?

Well the bitcoin currency is a crypto currency and is not dependent on any economy so in the even that the US currency does fall, it will just make the bitcoins currency rise up against the US Dollar and that will be it.

I am also of the opinion that the price of bitcoin will increase more higher because many people have their money invested in dollar and some have saved their money in dollar but when the price of dollar will fall then people will search for other good currency which will be easily used for international use then they will find bitcoin for that purpose.

First tell me how it will fail.it is not computer code which will be affected by something.price of usd may fall with respect to some other currencies but will never fail. Do not misunderstand usd and bitcoin , bitcoin has become a new investment asset but it cant take place of usd as it is not stable.

Bitcoin and USD is very different and you are right because if USD price falls then it is just temporary and it is not that a big deal because you can still use your money to buy things with almost the same value while in bitcoin it is a very big deal if the price falls because you can't buy the things that has the same price in bitcoin. If USD falls then it will be a small problem but if you want to be safe in inflation then just store your money in bitcoin.

I would argue exactly the opposite. Bitcoin price drops are only temporary, whilst if you see a fiat collapse, it usually will collapse alongside the country itself. Because the fiat is attached to its country a collapsed fiat currency rarely gets revived, unless it gets revalued.

[itsallpc]

Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?

Already,USD is in its final stage as global reserve currency.More people are interested to hold bitcoins instead of USD.In such a situation,if USD falls,certainly it will make bitcoin price rise higher.More investors would start buying bitcoins.It would have a direct positive impact on bitcoin price.

[deisik]

Bitcoin and USD is very different and you are right because if USD price falls then it is just temporary and it is not that a big deal because you can still use your money to buy things with almost the same value while in bitcoin it is a very big deal if the price falls because you can't buy the things that has the same price in bitcoin. If USD falls then it will be a small problem but if you want to be safe in inflation then just store your money in bitcoin.

I would argue exactly the opposite. Bitcoin price drops are only temporary, whilst if you see a fiat collapse, it usually will collapse alongside the country itself. Because the fiat is attached to its country a collapsed fiat currency rarely gets revived, unless it gets revalued

I would put it another way

When fiat dramatically drops in value (not necessarily collapse), it rarely goes back since it is more often than not either the result of economic incompetence on the government part or the effect of their deliberate efforts aimed at devaluing national currency. The total collapse of fiat money usually follows the ultimate failure of the state, but before finally kicking the bucket and sinking into oblivion governments try to postpone their end by devaluing the currency. Obviously, with decentralized and hard capped currencies this is simply impossible (like gold or Bitcoin)

[Esphere.in]

Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?

If the US dollar fell to ground then there are other strong currencies where people would move for trading and other purposes and it would not hurt bitcoin in any way,but i do not see that happening because if the US dollar would have failed they would have when the recession hit and the dollar was tanking,but it never happened and it will not happen.

[jaysabi]

There's generally two ways to look at the relationship between USD and btc. The first is that bitcoin has intrinsic value indpendent of USD, so if the USD falls, btc (while indpendently stable) will "appreciate" in value relative to the USD. An offshoot of this is that the failing dollar would send people piling into btc, which would push the price up. The opposite of this view is that it's excessive wealth created by the stable value of the USD that creates the wealth necessary to allow people to speculate on bitcoin, and if the world's most stable currency failed, people would flee the riskiest assets in a massive flight to safety, which would tank the bitcoin price.

Personally, I fall into this second group. The failure of the dollar would tank the world economy, bitcoin included, which is the king of speculative assets. People will flee speculative assets and pile into traditionally safe assets, which would include gold, silver, and probably the Euro and Yen as the remaining stable fiat currencies.

[valvevow]

Guys, as if I did not want to talk about the greatness of Bitcoin, I can still admit that the dollar is closer to me. Of course thanks to Bitcoin I earn a dollar And at the expense of this I live. Crypto currency, this is the only income for me, but in everyday life, I need dollars.

[jjacob]

There's generally two ways to look at the relationship between USD and btc. The first is that bitcoin has intrinsic value indpendent of USD, so if the USD falls, btc (while indpendently stable) will "appreciate" in value relative to the USD. An offshoot of this is that the failing dollar would send people piling into btc, which would push the price up. The opposite of this view is that it's excessive wealth created by the stable value of the USD that creates the wealth necessary to allow people to speculate on bitcoin, and if the world's most stable currency failed, people would flee the riskiest assets in a massive flight to safety, which would tank the bitcoin price.

Personally, I fall into this second group. The failure of the dollar would tank the world economy, bitcoin included, which is the king of speculative assets. People will flee speculative assets and pile into traditionally safe assets, which would include gold, silver, and probably the Euro and Yen as the remaining stable fiat currencies.

The question is whether Bitcoin is seen as a truly speculative asset or is it seen as an alternative to gold. If people feel that it could become an alternative to gold, then those fleeing USD in search of safety might be tempted to buy bitcoins.

[stompix]

Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?

Already,USD is in its final stage as global reserve currency.More people are interested to hold bitcoins instead of USD.In such a situation,if USD falls,certainly it will make bitcoin price rise higher.More investors would start buying bitcoins.It would have a direct positive impact on bitcoin price.

Pulling numbers out of your you know what?
Let's count the deposits in usd as a foreign currency in some countries.
Just in mine (and we use the euro here) we have more than 17% of the entire btc market cap in bank deposits in usd.

And god have mercy on our souls, cats and porn magazines if the dollar will take a sudden plunge.
Forget about bitcoins, what we have experienced in 2007 would be a massage compared to this.

[wdnj]

Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?

The value of dollar is decreasing year after year and it can't fail too much, it fails slowly but it won't much noticeable.
We should be sure that bitcoin is valued in fiat so if something in fiat world happens it affects the value of bitcoin immediately

[carlisle1]

Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?

The value of dollar is decreasing year after year and it can't fail too much, it fails slowly but it won't much noticeable.
We should be sure that bitcoin is valued in fiat so if something in fiat world happens it affects the value of bitcoin immediately

precisely sinc as of now bitcoin relies with fiat value and the main basis is the usd so whenever usd falls to its value it will also
affect bitcoin value in our local fiat as we needed to exchange it using the value of usd but time will come and surely bitcoin
will have its own identity in the main stream currency world.

[deisik]

There's generally two ways to look at the relationship between USD and btc. The first is that bitcoin has intrinsic value indpendent of USD, so if the USD falls, btc (while indpendently stable) will "appreciate" in value relative to the USD. An offshoot of this is that the failing dollar would send people piling into btc, which would push the price up. The opposite of this view is that it's excessive wealth created by the stable value of the USD that creates the wealth necessary to allow people to speculate on bitcoin, and if the world's most stable currency failed, people would flee the riskiest assets in a massive flight to safety, which would tank the bitcoin price.

Personally, I fall into this second group. The failure of the dollar would tank the world economy, bitcoin included, which is the king of speculative assets. People will flee speculative assets and pile into traditionally safe assets, which would include gold, silver, and probably the Euro and Yen as the remaining stable fiat currencies.

You forget a few important things in your speech

More specifically, that Bitcoin is not valued just in the US dollars. It could indeed be priced mostly in dollars but the dollar just happens to be there, happens to be a universal yardstick. But if people start, for example, weighing gold in grams instead of ounces, gold won't lose value just because of that. That basically means that people which buy and sell bitcoins don't care much if Bitcoin price is denominated in dollars. They have their own currencies which are more important to them (including those you enumerated), and the dollar as such is pretty insignificant to these folks. So if there are more people involved in Bitcoin which are using these other currencies for their everyday activities, the failure of the dollar would mean nothing to them, nothing negative. To them, Bitcoin will be a separate currency in no way linked to the US dollar or the US economy unlike the stocks of the American companies. This is where you make a mistake by implicitly linking Bitcoin to Murika



In short, Bitcoin is not some overpriced American stock

[Novun]

There is no possibility for the USD to fall. Nearly every currency in the world uses the USD as it's exchange reserve, which means everyone is holding an immense amount of USD, therefore buyers/holders will always outnumber sellers. If no one sells USD it's price won't fall aside from the usual volatility thus making it invincible
https://en.wikipedia.org/wiki/Reserve_currency

[kpcian]

At first I would like to say that, there is 0.5% chance to fall of USD severely, if USD is going to fall then it should be considered that the world economy will also go to down, Because most of the international business or trade doing through by USD measurement. So it will last long...

[batang_bitcoin]

If USD will fall for sure btc's price will be affected too. We witnessed the total market collapse from the past week and every crypto is affected, that made the whole market on a bloody phase. USD plays a big role to the market so I'm pretty sure if it will do something wrong it will give a domino effect for bitcoin and others.

[giveen]

USD falling won't have affect on bitcoin because the working of both are really different. Bitcoin is decentralised which means price is controlled by the people. While for usd is totally controlled by the government and falling of the currency wouldn't affect the government at all but only the people as things will get more expensive.

[Omega Weapon]

Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?

There is a difference between fall and fail, the dollar is losing ground every single year, other countries no longer consider the Us dollar as the best currency to have their reserves on, and now they are storing other currencies as a reserve currency, the problem is those other currencies are not solid either, the euro is going to disappear at some point, and any other currencies are not really a better option.

[Sled]

USD falling won't have affect on bitcoin because the working of both are really different. Bitcoin is decentralised which means price is controlled by the people. While for usd is totally controlled by the government and falling of the currency wouldn't affect the government at all but only the people as things will get more expensive.

That is right there is not legit connection between bitcoin and dollar and we should not be afraid if USD falls because there is nothing that can do with bitcoin and the only thing that can happen in bitcoin is to make its price go up and that is why a lot of people now are keep buying bitcoin and holding until the price already reaches their satisfaction.

[aesma]

There's generally two ways to look at the relationship between USD and btc. The first is that bitcoin has intrinsic value indpendent of USD, so if the USD falls, btc (while indpendently stable) will "appreciate" in value relative to the USD. An offshoot of this is that the failing dollar would send people piling into btc, which would push the price up. The opposite of this view is that it's excessive wealth created by the stable value of the USD that creates the wealth necessary to allow people to speculate on bitcoin, and if the world's most stable currency failed, people would flee the riskiest assets in a massive flight to safety, which would tank the bitcoin price.

Personally, I fall into this second group. The failure of the dollar would tank the world economy, bitcoin included, which is the king of speculative assets. People will flee speculative assets and pile into traditionally safe assets, which would include gold, silver, and probably the Euro and Yen as the remaining stable fiat currencies.

However owners of Bitcoins include non traditional "investors". For example the mass of Chinese people owning Bitcoins don't really have the option to go back to anything safer.

[gracia0023]

Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?

If USD falls bitcoin will increase it value that the effect. But in third world country the value of bitcoin become scrubby if USD fall. The bad thing of USD falling is the economy have an effect in different country trading USD.

[bitllionaire]

Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?

The value of dollar is decreasing year after year and it can't fail too much, it fails slowly but it won't much noticeable.
We should be sure that bitcoin is valued in fiat so if something in fiat world happens it affects the value of bitcoin immediately

USD is still too much strong and i do not think that it is going to fail, still USD is one of the most popular currency of the world, and it will continue as number one currency for a long time because still majority of the states are depending on USD for their economics.