If USD falls

[virasisog]

A fall in the USD will sure decrease the price of Bitcoin as being the international currency it will directly affect the money value of the Bitcoin.The decrease or the fall of the USD will show a direct affect over it,the money converted is in dollars and once the price decline it will decrease the value of the Bitcoin.

Yes, bitcoins price is based on usd and even the altcoins have their USD marketcap so if Usd falls it is rational that bitcoins will also have a bad effect in usd value. In the other hand we don't know what if usd was been totally falls down and woth some of ideas were putting up migrating the adoption of digital currency.

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[Celine Ariola]

Bitcoin is independent in value. It can be in the form of other currencies or medium. So if USD falls, people will tend to convert bitcoin in some other currency other than USD. Bitcoin holders who are residing in the US and/or using bitcoin in transactions in the US will be affected. They will get less than what they are supposed to get before USD falls and/or will suffer from loss in transactions and exchange.

[Alexddr]

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?

When this collapse takes place, investors will run into other assets, nominated in anything, but not in dollars. The collapse of the dollar means that everyone will sell the dollar assets that belong to him, but no one will want to buy them. Everyone who at that time will own assets nominated in US dollars, will sell them at any price. This also applies to foreign governments, on whose balance are American government bonds. This also applies to institutional and individual investors. In such a scenario, the inflow of investments is possible not only in the crypto-currencies, but also in the ICO.

[ahmad21]

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 btc will boom up like anything as people will understand that fiat has to come to an end everytime while the same can't be said yrue for any cryptocurrency. USD is the biggest parameter for world economy and greatest financial instrument used worldwide. In the financial world everything is connected to each other so if USD falls string of fiats will continue to fall with it and then cryptos will really bopm worldwide.

[kisscoin]

The dollar no longer has such a strong and stable position as it may seem to some.. Cryptocurrencies will take over the world very soon and people will just throw out dollars as empty pieces of paper... Time dollar already passed!

[merchantmafnchester778f]

US is a firm currency even though it fluctuates its so much negligible that it apparently remains unaffected to btcs

[Mr.Coin.Shop]

BTC will slightly be effected. It takes USD and other currencies to purchase BTC. Although BTC will prosper beyond expectation if USD were to fail.

[robbietobby]

If USD falls, its a domino effect to economic system. Therefore, bitcoin would slide down a bit and its very erratic by that time. Btc really depends on the monetary system and dollar exchange and everything that goes and beyond the bank in one way or another.

[AVAMONEY]

For me, if USD fall, it has a direct impact on price of bitcoin. It may drops too since the basic conversion of bitcoin is USD. That is only my opinion.

I would think so too. Although Bitcoin and USD have no direct related link but conversions of BTC at buy/sell rates are always reference with USD. The USD value could have decreased even though the odds are very small, we would expect BTC value to go up with that condition where people no longer invest to gold but switch to Bitcoin.

[DigitalFox]

I'm really afraid that falling of USD would almost definitely lead to WW3. Scary thought, but I doubt these cunts will stop at anything in order to keep control over majority of the world's finances.

[STT]

if usd falls my friend the last thing we would be concerned is the price of btc and everyone would try to survive somehow or to find any kind of food or shelter for himself .

No this is nonsense.  Dollar notes are just a piece of paper promising to pay a bill or accept settlement of taxes in respect of US treasury.

The ironic thing is that if dollar goes down, the value of debt owed by USA is far less also.  On balance the country could become alot richer this way.   It does long term mean that financing will not be available but its the creditors who lose most value in the repayment they receive.  

Instead of dollar the exchanged value would have to be closer to a real product not a promise of future value.   It means interest rates chargeable would rise for lent value but that alone doesnt stop production or value creation.      The biggest thing I hear is an orderly market so a vast change in a short period of time would be disruptive, otherwise dollar value does not control the worth of goods or the value of labour/enterprise in goods sold globally.

[impatientyoutubeJ]

theres a lot of US members and even the developers in the forum. there wallets will get a direct attack

[Starone1]

If USD falls, its a domino effect to economic system. Therefore, bitcoin would slide down a bit and its very erratic by that time. Btc really depends on the monetary system and dollar exchange and everything that goes and beyond the bank in one way or another.

If USD gets failed then it would make a remarkable effect on the value of bitcoin in the international market zone. Bitcoin is entirely dependent upon the dollars to maintain its value in the monetary matters and this is just going to be limited to a question only as dollar is never going to get down.

[Scallywag]

usd doesn't even need to go to 0 , if a big bank collapses it could cause a domino effect. if that happens then the price of crypto will surely go up.

[Streamlink]

Bitcoin is independent in value. It can be in the form of other currencies or medium. So if USD falls, people will tend to convert bitcoin in some other currency other than USD. Bitcoin holders who are residing in the US and/or using bitcoin in transactions in the US will be affected. They will get less than what they are supposed to get before USD falls and/or will suffer from loss in transactions and exchange.

Fall in American dollar generally bring increase in the market value of Bitcoin. After the fall of US dollar one can not easily achieve and afford Bitcoins as its price will have increased after the fall of American dollar. One can afford Bitcoin easily if the American dollar goes high so that price of Bitcoin will decrease and will be affordable easily by a common person. Fluctuations happen in the market and you should keep updating with the market.

[Ziskinberg]

usd doesn't even need to go to 0 , if a big bank collapses it could cause a domino effect. if that happens then the price of crypto will surely go up.

The thing is when, I would not hope for that to happen because that would give negative effect to the economy.
I would like to see people are adopting in crypto because they believe in it and they sees the usefulness in their daily lives, not the other way around.

[guoyu78]

if usd falls my friend the last thing we would be concerned is the price of btc and everyone would try to survive somehow or to find any kind of food or shelter for himself .

No, this wouldn’t be any case. Like many other currencies, if USD starts falling down, people will still be living their lives. Although yes, in US there would be a higher inflation rate and everything will be expensive but this doesn’t mean we start losing our lives and food and shelter. People in far flung countries are still living whose country’s currency is much lower than USD.

[ArteMixer]

I personally think that if a big currency like dollar or euro falls, that will boost the value of bitcoin incredible. This happens due to the fact that people need currency to use. If the dollar fails, of course, nobody will use national currency like euro in the USA, instead, Bitcoin is a quite famous, more advanced and international alternative. It is decentralized, so anybody can use it, and also quick transactions across the world will definitely make it used in an appropriate scenario. You could pay everywhere with it, just having something like a credit card or such.

[kidamazo]

Even if bitcoin becomes a world currency, even if all people in the world will use it and even if the price of bitcoin will be above $100,000 - bitcoin still will never be able to drop the dollar, because for a very long time the dollar is the most powerful currency in the world of the most powerful country in the World - America, I simply can not imagine that the dollar will fall due to bitcoin.

[virasisog]

usd doesn't even need to go to 0 , if a big bank collapses it could cause a domino effect. if that happens then the price of crypto will surely go up.

The thing is when, I would not hope for that to happen because that would give negative effect to the economy.
I would like to see people are adopting in crypto because they believe in it and they sees the usefulness in their daily lives, not the other way around.

Well it will be more than difficult for other to adapt bitcoins as of now and whatever happens to the economy we have nothing to do with that. The good thing is if it will crash the usd the people will migrate into cryptocurrency or bitcoins. Although there so much negative effects but they will have no other choice if that happens its better for them to be prepared.