what will happen with the BTC, if the dollar falls

[valen1309]

There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?

[Thekool1s]

There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?

Nothing special, people start using crypto currencies. I don't think Yuan will take over. Instead of pegging it against dollar people will value it against 'real' goods like an egg for a Satoshi and so on.

[AngelSky]

There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?

Still there are very lesser number of people only using the bitcoin, we see that bitcoin is still not used bigger ratio around every place.
yuan will not replace the usd or any country.
We need the large number of adoption on bitcoin like by corporates or whales who have been invested on bitcoin. In future we will find the more altcoins and each will be added as a national currency for different alts.

[batang_bitcoin]

There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?

Yuan replacing dollar? Do you mean Chinese' currency? No, where did you got that news that Yuan will be replacing dollar. It can be use and good for being a local currency but there's no way something that owns by other country to be used and replace their own currency. Nothing will happen if this unexpected thing will happen to bitcoin there's no need to worry.

[AT101ET]

Nothing really significant. There may be an increase in the price of BTC against the dollar (people looking for secure stores of value/wealth) but if you’re not contrasting it to anything then there won’t be any specific change. In other words, the USD purchasing parity in terms of BTC would be less than that of other currencies like the GBP/EUR/YEN etc. 

[maimainguyen05]

If the dollar falls I think there will be only one thing can happen with BTC is Bitcoin price will go to the moon ). But I think this case will never happening cause dollar will never being replaced by Yuan

[chineseprancing]

I don't think if the Yuan have a capacity to replace dollar in the future, maybe bitcoin because their price in the market was totally raised up that's why they surpass dollar. Moreover, bitcoin now is more valuable than the past weeks or months so I think they have a capacity to steal the position of dollar in the market. All we need of bitcoin is to become legalize into different countries.

Because if this bitcoin can't legalize by any government I think it's nonsense to surpass dollar or any other currency in the world.

[Hydrogen]

The yuan has replaced the "petrodollar" in both russia and china. Oil buying/selling in those countries was once denominated in us dollars, this is no longer the case, the yuan has taken over there. Also china proposed a program to allow the yuan to be exchanged for gold. Depending on implementation details this could make the yuan a more gold backed currency than the US dollar, which could carry less support for gold exchange, and perhaps increase the yuan's perceived reliability.

China does appear to be taking steps to strengthen the yuan. This would benefit the people of china. Their consumer buying power would increase which could translate to elevated average standards of living. On the flipside, a stronger yuan could be bad for chinese exports as the private sector relies on units sold to make their profits.

[mrcash02]

Directly effects are zero. People from China watch BTC quotation in Yuan for local purposes as it's their currency, people from each country watch BTC quotation in local currency. What happens with Dollar is that everyone always look BTC quotation as Dollar being the reference before looking their own local currencies. If Yuan takes control like you say, what would happen with Bitcoin is that instead of Dollar be the reference, it would be Yuan.  

[edisystem]

There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?

Nope, i think dollar still good and yuan also good too but i'm not sure Yuan will replace the dollar. If something like this happened, i think the bitcoin price will not affected by it. The bitcoin will stay remain or even increase because of that happens.

[kikoy999]

I think the price of bitcoin will increase and it will be difficult for us to buy bitcoin to lower the bitcoin price because bitcoin is now expensive.

[Vannie12]

Dollars is a global currency. That is the reason why it is the basis of bitcoin. As a global currency it is not possible to easily replace it by other currencies. Even dollars is not used due to state currency diffences, it only means that still most of the population uses it.
Answering the question of what will happen to bitcoin, that only means that the amount value of dollars will increase that will represent the exact value in bitcoin.

[Kingofbitcoin12345]

If usd falls that is good for cryptocurrency and if yuan will replace it,, the effect of this event to bitcoin is minimal.. Then it will only boost the usage of Yuan worldwide,, so in short it only be a one sided benefits more on Yuan than to cryptocurrency.. I’m not a fan of this fiat currency but I’d rather have this than usd that is overrated for so long even we all know that America is economically down having trillions of debts to China is as telling as it is..

[DronICO]

There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?

If yuan will replace usd it will be not falling but an organic process in a global ecomonics. If they will decide to keep Bitcoin live so that's how it will be.

[fanbeila]

The yuan has replaced the "petrodollar" in both russia and china. Oil buying/selling in those countries was once denominated in us dollars, this is no longer the case, the yuan has taken over there. Also china proposed a program to allow the yuan to be exchanged for gold. Depending on implementation details this could make the yuan a more gold backed currency than the US dollar, which could carry less support for gold exchange, and perhaps increase the yuan's perceived reliability.

China does appear to be taking steps to strengthen the yuan. This would benefit the people of china. Their consumer buying power would increase which could translate to elevated average standards of living. On the flipside, a stronger yuan could be bad for chinese exports as the private sector relies on units sold to make their profits.

Yes,china and russia had discussed for years to avoid USD while buying oil.Now,they have succeeded and their next step is to replace USD from the position of global reserve currency since USD is already in its last phase as it has already crossed seventy years.Either yuan or euro may replace USD and then,bitcoin would be valued globally in any one of those currencies.

[reflector]

The yuan has replaced the "petrodollar" in both russia and china. Oil buying/selling in those countries was once denominated in us dollars, this is no longer the case, the yuan has taken over there. Also china proposed a program to allow the yuan to be exchanged for gold. Depending on implementation details this could make the yuan a more gold backed currency than the US dollar, which could carry less support for gold exchange, and perhaps increase the yuan's perceived reliability.

China does appear to be taking steps to strengthen the yuan. This would benefit the people of china. Their consumer buying power would increase which could translate to elevated average standards of living. On the flipside, a stronger yuan could be bad for chinese exports as the private sector relies on units sold to make their profits.

Yes,china and russia had discussed for years to avoid USD while buying oil.Now,they have succeeded and their next step is to replace USD from the position of global reserve currency since USD is already in its last phase as it has already crossed seventy years.Either yuan or euro may replace USD and then,bitcoin would be valued globally in any one of those currencies.

China is banned the bitcoin and now giving shit products through out the global countries. You have to avoid the USD as well as YUAN which is the country represent to control the world countries. Even country should work idependently none of the need here to control the world.
I hope bitcoin is only currency which can give back fire all the countries which will be allow to have the transaction is been taken part in sender and receiver end alone. No need the help of merchant side.

[Rinsend]

in fact we do not need to care about fiat currency
because we all already know that crypto currency is not influenced by anything.
crypto currency can not be controlled,
this goes according to the block it launches and how much we consume it (adopt)
therefore it is very difficult to know the movement of crypto currency

[iqlimasyadiqa]

The dollar is so far the world currency and if Yuan will replace it, then the price of bitcoin at coinmarketcap and other websites will be stated in Yuan instead. If the world currency dollar will fall, then this will have a huge impact on fiat currencies in general and on crypto currencies specifically, as a lot of will want to exchange their fiat crap for the more worthful and secure crypto currencies.

In the event of a fall in one of the world's currencies, this will have simultaneous effects. Dollar and other currencies are very important to maintain the balance of the economy, if you can imagine then Bitcoin seems to be going down and that includes all other Altcoin. The dollar price decline is very bad for Bitcoin, so we all certainly want a safe and reliable economic condition because it will make real currencies and digital currencies stronger. Do not ever do stupid actions like panic sell, because it can lower the price of Bitcoin very drastically and after that we will all be experiencing an increasingly widespread impact.

[hastag_80]

There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?

I thinks there's no relevant  or something happen to the world of digital currency because fiat currency and bitcoin is have a different division.while about saying of some specialist that yuan is replace the dollar ,this is not true and only there speculation ,because as long  great countries still there like USA,you cannot deminished dollar as fiat currency as there no 1.exchange  because its useful everyday as a money exchange in the whole world.cryptography is still there ,always working and nothing will be affected because there's no connection if dollar will fall.

[Prem.Soorajpaul]

yuan can't replace dollar as Chinese economy is depended on export. If yuan goes up in future, their economy would not able to survive because of low margin. So just believe in crypto currency, it is the future currency for coming generation.