If USD falls

[bitcoinmasterlord]

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, that would be good news to bitcoin. It means the price of bitcoin will become much bigger than the USD. If one exchanges BTC to USD, you will be receiving much more than when USD is very strong.

It is not independent, the economic world affects each one factor playing in the field.

I don't think that would be the case dude. Btc rate is dependent on the dollar. If the dollar falls, pretty much most economies and currencies will react negatively as well. I don't think btc will surge or will benefit from a dollar crash.

Yes if the dollar value falls then it will not effect on bitcoin value. Becasue Bitcoin is not dependent on dollar value. Bitcoin is a unique currency like our local currency, but USD is used by all over the world, so USD will calculate the bitcoin value. If it falls and lost value then the other currency will take this position, and we calculate Bitcoin price based on that currency value that's it.

[deisik]

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

[/img noped]

In short, Bitcoin is not some overpriced American stock

Stock has nothing to do with it, but it is overpriced in the sense that its value far outweighs its utility. But that's a separate point.

Bitcoin is denominated in dollars as well as other currencies, but if you're trying to sell the idea that the loss of the world's most stable currency from the market would mean "nothing negative" for the traders in every other currency, well that's a terrible position you've backed yourself into defending! Especially considering that it's the excess wealth created by our currently stable world economy that gives speculative assets their value. Guess what happens if everything goes to chaos... speculative assets crash. That's what the Great Depression and the Great Recession showed, as well as the Dotcom crash. All of it was speculation driven nonsense, and when the mania couldn't sustain the overpriced assets anymore, all that money that was propping up the speculative assets fled to safer assets. But I'm sure Bitcoin is the one speculative exception that would continue to thrive when a bulk of the buying pressure propping it up disappears, right? That's what you have to believe to argue from your side of it.

As the saying goes, don't throw out the baby with the bathwater

But in this case this saying sort of works in reverse, i.e. instead of separating the baby from the water, you pour even more water unto it. Basically, you are equaling the world economic meltdown with the crash of the US dollar. While these two events are certainly intertwined (to a degree), I still wouldn't equal them. In other words, if the dollar slowly loses its grip on the world finances (just as it rose to prominence in the first place), it can ultimately disappear from the world economic arena altogether, and that would pass almost unnoticed. Obviously, no bitcoin will get hurt in the process

[arpon11]

If USD. Fell it will definitely affect bitcoin because currently bitcoin is being equated with dollars and others major world currency. Dollar is the major currency in the world and when ever there is nagative effect on it every other things of values also feel the infect. Though as a bitcoiner I wish bitcoin become maintream in future.

[Omega Weapon]

If USD. Fell it will definitely affect bitcoin because currently bitcoin is being equated with dollars and others major world currency. Dollar is the major currency in the world and when ever there is nagative effect on it every other things of values also feel the infect. Though as a bitcoiner I wish bitcoin become maintream in future.

I think that if a great instability hit the dollar , that will open a window of opportunity to bitcoin, a window that is not here at the moment, at that point in time people will try to do anything to protect their savings and their wealth and I’m sure bitcoin is going to be one of those things tried by the people so I think you could ask your price and get almost anything you want if you hold bitcoin in that situation.

[batang_bitcoin]

If USD. Fell it will definitely affect bitcoin because currently bitcoin is being equated with dollars and others major world currency. Dollar is the major currency in the world and when ever there is nagative effect on it every other things of values also feel the infect. Though as a bitcoiner I wish bitcoin become maintream in future.

Bitcoin is depending it's value to US dollar so I'm sure that it will affect bitcoin's value, market and all of us who are depending to bitcoin's market. It's a fact that dollar is one of the major, most powerful and influential currency in the world. And almost all major countries are depending on it.

[STT]

Its more true that dollar is depending on major countries around the world for support.   More trade and production occurs outside USA then inside it.  It was once true that dollar was the main path for trade in the world but at present it represents alot of imported goods, the difference to exports being stored in Treasury debt.    

If it werent for that large amount of debt ironically the dollar value would be far lower as value would return to the countries of production.   If that occurs now, dollar value falls and I dont think bitcoin value must fall with dollar.   If anything I think bitcoin is inverse to dollar, with value falling you likely have a higher price for bitcoin.

Again I think bitcoin is used/grows more more outside USA then inside it.  This isnt a revolutionary thought or discriminatory at all, since demographics points to far greater growth likely to occur outside USA then inside it.   The majority of India is below 30 years old, so theres a potential usage for billions of people who have no direct relation to dollar.  USA is far smaller population but also far richer thats true, the world wont always stay the same it'll favour productive enterprise more then it does now.  I think dollar is a political currency, USA is a superpower and presently support is related to that position but value should follow trade not unproductive debt.
   Its not just one country but quite a few western countries have trade deficit and budget deficits, currency value supported by over blown debt valuations.   Debt value is inverse to interest rates roughly, thats how you know we're at highs not for this decade but over centuries no debt has been viewed as so perfectly sound as is true now, the obvious disparity is this debt is not perfect.
   You have a conflux of crypto with unique situational change in world reserve currency, so there is change beyond imagination quite likely imo

[Beerwizzard]

Pretty sure that if USD falls then some small counttry will guarantee it's currency on bitcoins. The chance it will happen is low AF but is it still realistic (especially when BTC become more stable after more usable irl).

[South Park]

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?

Since most of the time people think of the value of bitcoin in terms of dollars, then if something happened to the dollar then bitcoin will be affected by it, I do not know if the effect is going to be positive or negative but there is going to be an effect.

[aardvark15]

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?

Since most of the time people think of the value of bitcoin in terms of dollars, then if something happened to the dollar then bitcoin will be affected by it, I do not know if the effect is going to be positive or negative but there is going to be an effect.

It would seem that if the US dollar drops in value, the price of Bitcoin relative to USD would increase. The only way Bitcoin would stay the same or drop relative to USD in this situation is if there was some global financial concern that affects both.

Of course, even if Bitcoin rose relative to USD, it could still drop relative to other fiat currencies.

[Mpamaegbu]

If USD. Fell it will definitely affect bitcoin because currently bitcoin is being equated with dollars and others major world currency. Dollar is the major currency in the world and when ever there is nagative effect on it every other things of values also feel the infect. Though as a bitcoiner I wish bitcoin become maintream in future.

Bitcoin is depending it's value to US dollar so I'm sure that it will affect bitcoin's value, market and all of us who are depending to bitcoin's market. It's a fact that dollar is one of the major, most powerful and influential currency in the world. And almost all major countries are depending on it.

I am not really sure about this assertion that the collapse of the dollar will affect btc price because of its dependency on the American dollar. I strongly believe that the fall of the American dollar will boost the strength of Bitcoin. Of course I know the dollar tops all other currencies because it's more internationally recognized ahead of others like the Euro, pounds and Yen. But that does not mean that its fall would drag other currencies or the Bitcoin down. It will only make the Bitcoin shift focus to other major currencies.

[Eminem23]

At the moment, there is no reason for the dollar to fall. This currency is very stable. And the fact that many countries of the world use dollars, despite the fact that they have their own national currency, suggests that the dollar has no reason to fall

[Pierre 2]

If USD falls from its high chair, there will always be something to fill that place.
Most likely Euro or Yuan. But USD is still powerful and fighting hard.

[deisik]

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?

Since most of the time people think of the value of bitcoin in terms of dollars, then if something happened to the dollar then bitcoin will be affected by it, I do not know if the effect is going to be positive or negative but there is going to be an effect

The effect would depend on a lot of factors

If the dollar gets good old devalued through excessive printing by the Fed, Bitcoin just like almost any other asset out there would rise in dollar terms. On the other hand, if the US economy crashes, for example, due to a social unrest of the order never seen before (think the Mad Max scenario here), the effect would be virtually unpredictable and would largely depend on the integrity of the network itself. That said, people overall tend to overestimate the dependence of Bitcoin on the American dollar. The fact that the former is priced in the latter doesn't mean that there is a very strong link between the two

[allthingsluxury]

If the USD crashes and burns, then the world will, in the short term be thrown into panic. As it means that something very significant and world changing occurred.

This will cause everything to crash and burn in the short term and a flight to safe haven assets such as gold and silver. Will BTC be included as a safe haven asset? Possibly, it depends on what caused the crash to occur.

[Love!]

If USD. Fell it will definitely affect bitcoin because currently bitcoin is being equated with dollars and others major world currency.

I will see your point and raise you another. The BTC value would change only in the sense that we would have to value it beside another currency that also valued itself beside the dollar. Think of the domino effect in slow motion.

[Tyrantt]

That's one big "if" you're talking about. But the way I see it, if the USD fails there would first be chaos and EURO for example will become much stronger than it would be. Also, people will start abandoning USD as soon as they notice that it's failing and that could mean investment into bitcoin or any other fiat currency.

[CuriousInvestor]

If USD falls it will probably be the fact that the Feds have become insolvent due to their high leverage or they need to print money to keep up. If that is the case, then economy will look to something that is scarce, like Gold or Bitcoin.

[batang_bitcoin]

If USD. Fell it will definitely affect bitcoin because currently bitcoin is being equated with dollars and others major world currency. Dollar is the major currency in the world and when ever there is nagative effect on it every other things of values also feel the infect. Though as a bitcoiner I wish bitcoin become maintream in future.

Bitcoin is depending it's value to US dollar so I'm sure that it will affect bitcoin's value, market and all of us who are depending to bitcoin's market. It's a fact that dollar is one of the major, most powerful and influential currency in the world. And almost all major countries are depending on it.

I am not really sure about this assertion that the collapse of the dollar will affect btc price because of its dependency on the American dollar. I strongly believe that the fall of the American dollar will boost the strength of Bitcoin. Of course I know the dollar tops all other currencies because it's more internationally recognized ahead of others like the Euro, pounds and Yen. But that does not mean that its fall would drag other currencies or the Bitcoin down. It will only make the Bitcoin shift focus to other major currencies.

We are thinking on different sides, just like what happened way back years ago. When there's an economic crisis and US' economy is falling most of the countries were affected. And that's why I think it will make the price of bitcoin affected but we can't say if that's going to make bitcoin pump or end up being dumped.

[Adbitco]

That's one big "if" you're talking about. But the way I see it, if the USD fails there would first be chaos and EURO for example will become much stronger than it would be. Also, people will start abandoning USD as soon as they notice that it's failing and that could mean investment into bitcoin or any other fiat currency.

That's the very first thing which is more likely to happen if USD falls, EURO might become stronger and most of the people will start accepting Euro but yes of course it will affect bitcoins prices too and they may rise more too.

[STT]

Believe it or not, before USA was great in 20th century it was the little UK and sterling pound which was seen as the infallible world currency.   What would happen if every major business in the world did not have some sterling to buy goods with, surely we'd all fail.  
The British Empire the largest trading empire that ever existed did decline and cease (in ownership terms) not that long after the allies won (at great expense) and of course we now know the world carried on without the Brits fingers in every pot and trade of countries in every hemisphere.   Empires of colonial basis might not exist so much now but we still have not quite capitalism occuring but something relying on a great deal of military influence, some find this a positive but I also believe it will decline and transition.
    Not that I especially want this, I speak English and Im rubbish at other languages but its likely dollar is over extended and like sterling will not be important any more [Sterling remains a 12% reserve currency roughly].   Its not going to be great ruin of all nations, USA will find a way and so will the world and Bitcoin is likely on its own course not tied to Washington DC economics.
  Not even 1 nation should revolve around 1 city imo, I prefer the Swiss system.