If USD falls

[yoseph]

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.

[Angel777]

When USD falls there is a big impact in every countries. Why? Because dollar is the world currency. There is a big problem to those people who are using dollar. And also there is a big effect in the value of bitcoin. Because as far as I know there are many investors from America that can also help to increase the value of bitcoin. So, there is possibilities that bitcoin will dicrease, if USD falls.

[ActiveP]

If the $$ usd losses value people will look to another currency for trade.The euro is the next in line, but should that fail too, crypto currencies would have every chance to stake a major claim as the main currency for international trade.

Don't forget gold too, it has been there since forever and most currencies are backed by it. This is all hypothetical as it would take a major disaster for the usd to crash to such levels. 

[Kronos21]

If the $$ usd losses value people will look to another currency for trade.The euro is the next in line, but should that fail too, crypto currencies would have every chance to stake a major claim as the main currency for international trade.

Don't forget gold too, it has been there since forever and most currencies are backed by it. This is all hypothetical as it would take a major disaster for the usd to crash to such levels. 

Most currencies are not just backed by gold. More specifically, I do not know of any currency in the world which is officially backed by gold reserves of the country. All cash is now a wrapper which at any moment can turn into ashes.

[matchi2011]

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'm not really looking into cryptocurrency when the dollar falls. There are other fiat currency that may take the mantle of the next top currency in the world. Though it will be beneficial especially for most o line transactions, I don't think cryptos are there yet when it comes to dominating the market. But the dollar is currently still the most relevant currency and that may go on for a long time still

[Vikingr]

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?

Bitcoin is an independent currency and and if the price of USD will fall then it will not affect the price of Bitcoin. But in that case I think the price of Bitcoin will increase more because the users of us deepest search for a source in which they will secure their money and For them Bitcoin will be our best option

[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?

Bitcoin is an independent currency and and if the price of USD will fall then it will not affect the price of Bitcoin. But in that case I think the price of Bitcoin will increase more because the users of us deepest search for a source in which they will secure their money and For them Bitcoin will be our best option

That would greatly depend on specific causes of dollar decline

And while it can be said with almost 100% certainty that with dollar crashing the value of gold is going to rise massively, the same cannot be said in respect to Bitcoin. If there is some major war or natural disaster (like the Yellowstone volcano wiping away half of the US territory), then Bitcoin will likely go down together with the US dollar. On the other hand, if the Fed loses its mind and goes totally insane with printing dollars, Bitcoin is set to rise in dollar terms since dollar itself will be quickly losing its value on its own (which is the major difference from other causes like warfare or cataclysms)

[ActiveP]

If the $$ usd losses value people will look to another currency for trade.The euro is the next in line, but should that fail too, crypto currencies would have every chance to stake a major claim as the main currency for international trade.

Don't forget gold too, it has been there since forever and most currencies are backed by it. This is all hypothetical as it would take a major disaster for the usd to crash to such levels. 

Most currencies are not just backed by gold. More specifically, I do not know of any currency in the world which is officially backed by gold reserves of the country. All cash is now a wrapper which at any moment can turn into ashes.

What are gold reserves held by central banks in the USA, China etc for then? If not to secure their respective national currency? For some time now central banks around the world have turned from being net sellers of gold to net buyers of gold. with Russia and China accounting for most of the activity.

As we speak,  Venezuela is in the process of liquidating it's gold reserves to pay off her debts. The gold standard may have been abandoned since the depression of the 1930's but there is a good reason why central banks keep stockpiling as much as they can afford.

[carlerha]

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?

Bitcoin is an independent currency and and if the price of USD will fall then it will not affect the price of Bitcoin. But in that case I think the price of Bitcoin will increase more because the users of us deepest search for a source in which they will secure their money and For them Bitcoin will be our best option

yes that is right that bitcoin has no concern with USD, either USD increases or decrease it will not effect bitcoin. Bitcoin can only effect USD if people who are using USD in their normal life and they mostly change their payment method to bitcoin where they can use bitcoin. it will decrease the use of USD and this its value will, decrease but it i think it is not going to happen so soon. for that we have to wait for a long time. because still the number o bitcoin users not exceed from 1% of the total world population.

[UCHCHILD]

I guess it will not affect the bitcoin value because even the USD goes down or lower its value bitcoin remain because as decentralized it never depends on anything as long as the demand of bitcoin rises then it is okay nothing to worry bitcoin will continue on rising. But I think the value of USD will not going to get so low as you think because it is so strong as it is.

[Mazt rhiezt]

If the USD falls, bitcoin will surely rule the world, but it's not that easy and will change the paradigm of people to believe and use bitcoin for everyday life. But I also believe that bitcoin slowly do it now we just have to wait for the right time.

[Visin]

If the $$ usd losses value people will look to another currency for trade.The euro is the next in line, but should that fail too, crypto currencies would have every chance to stake a major claim as the main currency for international trade.

Don't forget gold too, it has been there since forever and most currencies are backed by it. This is all hypothetical as it would take a major disaster for the usd to crash to such levels. 

I feel that the Euro might fall before the USD does because it looks like there is more people using USD compared to the Euro. If USD does something with Bitcoin then the price of USD could go up though the price of Bitcoin would go sideways or it will have a slow progress in going up.

[stompix]

If the $$ usd losses value people will look to another currency for trade.The euro is the next in line, but should that fail too, crypto currencies would have every chance to stake a major claim as the main currency for international trade.

Don't forget gold too, it has been there since forever and most currencies are backed by it. This is all hypothetical as it would take a major disaster for the usd to crash to such levels. 

There are no currencies backed by gold. At least not government backed and not 100% backed by gold.

Again it doesn't matter what the value of the usd is.

Just because it might drop 50% it won;t mean people will stop doing business in $.

Check the yes it's 1:100 to the dollar does it matter? The Italian lira was thousands of times weaker than the euro , the value of one dollar one pound one ruble isn't relevant to it's importance in the market.

[jtipt]

If the USD falls, bitcoin will surely rule the world, but it's not that easy and will change the paradigm of people to believe and use bitcoin for everyday life. But I also believe that bitcoin slowly do it now we just have to wait for the right time.

Nah, even if hypothetically USD falls there are several other fiat currencies in the line to take over I would say Euro and Pound are next in the line. Bitcoin has a lot of flaws, its nowhere near perfect to become a mainstream currency just yet.   

[Lady Coquet]

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?

In my own point of view if US dollars falls there might be a possibility that bitcoin could increase. Don't forget many people wants to make bitcoin a legal currency or a legal payment. Someday bitcoin could reach it's goal being the one of the worldwide currency like US dollars. Bitcoin users will increase if that happens and bitcoin will be more popular.

[Fireblade]

If the USD falls, bitcoin will surely rule the world, but it's not that easy and will change the paradigm of people to believe and use bitcoin for everyday life. But I also believe that bitcoin slowly do it now we just have to wait for the right time.

USD is not going to fall, it will remain for a long long time.   it can only fall if any other fiat or crypto currency  become more popular than USD and i think it is not possible in near future. may be in long run when people will start using btcoin and will ignore bitcoin then we can expect that USD will become defame and people will then give preference to bitcoin.

[MyIdeas]

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.

[@prashant]

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.

[Sled]

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.

[deisik]

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