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Thanasis
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December 11, 2017, 05:35:55 AM |
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There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
Well I think if the value of dollars fall down, Then the value of BTC will also crash down. Since bitcoin is just for online transaction only and has no physical appearance, Means its still depend on dollars. And the dollars are the universal money currency so far. So it has a big effect in the value of bitcoin the rate of the dollars. No bro,the price of bitcoin is not based on dollar so it doen't make any effect if the dollar price falls and the bitcoin price will increase when we buy using dollar.You should know that bitcoin price is based on satoshi so the bitcoin price only falls if the satoshi price falls. And why you saying dollar is universal currency,if it an universal currency why I can't use dollar in my country? Dollar is not universal currency it is just only the currency of USA. |
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atjiat
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December 11, 2017, 06:25:20 PM |
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If the dollar falls the bitcoin is going to gain from that nothing going to stop bitcoin as the usage of bitcoin is day by day increasing so anything can be happen so it is time to make strategy to hold the bitcoin and expecting the better result from it.
Unambiguously no dependence of the dollar and Bitcoin on each other. But if the world economy falls, and all currencies fail, in this case the interest to the crypto currency will grow very much and perhaps it will be a Star hour for Bitcoin. |
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upsidedown75
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December 12, 2017, 10:42:50 AM |
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Probably nothing and even if that happens, big bitcoin investors would probably dump all of their btc and sell it for EUR or whatever they like the most and that said currency will gain power, yes? just as dollar isn't the only currency out there, bitcoin isn't the only coin.
The question should be what is even causing the dollar to fall. Dollar can fall anytime based on the market strength at that moment and that has nothing to do with BTC at all. Bitcoin just like you said is not the only currency and moreover USD is traded against other currencies out there. Except in the case where everyone is busy dumping their currencies including USD for bitcoin, then maybe something could end up wrong, but I really do not see the possibilities of that yet. |
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Aristus
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December 12, 2017, 01:27:23 PM |
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If the dollar will fall bitcoin will remain at his power since dollar has no control over bitcoin. And if the dollar will fall maybe that would help a lot for bitcoin gaining more control to all altcoins since dollar became less in value anymore.
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lenovo16
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December 12, 2017, 01:30:38 PM |
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There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
Oh well I think if the their was case come that the US dollars fall down. And hit the lowest price that it could be possible. Then it will bring a big effect to the bitcoin price. Why ? Because if the dollar falls down it means that if we sell our bitcoin, we could just have a lowest exchange from it since the value of dollar are not competetive in the marketm |
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chineseprancing
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December 12, 2017, 02:15:09 PM |
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There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
Oh well I think if the their was case come that the US dollars fall down. And hit the lowest price that it could be possible. Then it will bring a big effect to the bitcoin price. Why ? Because if the dollar falls down it means that if we sell our bitcoin, we could just have a lowest exchange from it since the value of dollar are not competetive in the market Your right mate, but as I can see bitcoin price was depending to the universal currency. So if the dollars value fall down there's a possibility that bitcoin value decreasing too, but since dollar value are still growing up the exchange to bitcoin value is also increasing. Hoping that value of both are continuously raising up. |
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Kevin77
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December 12, 2017, 06:23:54 PM |
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Simply nothing, it doesn't matter which next paper currency is going to rule the world the only thing does matter is the variation of KING (bitcoin) in the cryptocurrency market. It is also possible that after the downfall of USD, bitcoin will gain more popularity because of a major shift from the USD to other currencies, and may be people would prefer bitcoin at that moment.
Dollar is indeed a different market entirely even though it is still somehow intertwined in the crypto world being a currency and since bitcoin's value is being tested against the dollar. However, with people saying that crash in USD will affect Bitcoin simply shows how ignorant they are. In the worst case scenario that dollar is even losing its value in the market, just like you said, attention just like we are seeing right now will be focused on bitcoin and people will find solace instead and that of course will even make the value of bitcoin to keep rising. However, a fall is normal and for those trading the Forex market, understands that better. |
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kyanscadiel
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December 13, 2017, 07:58:13 AM |
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There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
Yuan will never replace the Dollar currency. It is merely impossible to happen.and about bitcoin to a dollar, I think it doesn't effect the value of bitcoin if the value of Dollar falls down and as far as I know the value of Bitcoin is not even related to the dollar. Therefore, if the dollar falls down it will never take effect to the value of Bitcoin. These two currencies is different in many forms. |
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LuanX3
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December 13, 2017, 08:13:11 AM |
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There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
I think there is no relation at all. Or should I say, the drop of US Dollar is not directly proportional to the price of Bitcoin. Remember we only do cloud conversion of Bitcoin to US Dollar for us to have a gauge how much 1 Bitcoin is, similar to that of stock markets whereby almost all currencies have US Dollar conversions. Hence, Yuan replacing Dollar in the future has nothing to do with the cryptography. |
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Cryptotoken55
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December 13, 2017, 09:05:00 AM |
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I think in this case bitcoin is simply recalculated in equivalent to any other currency. But in the foreseeable future, it is unlikely that something will replace the popularity of the dollar.
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michkima
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December 13, 2017, 10:28:32 AM |
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I stand firm with my belief that it will not have any effect at all. The popularity of Bitcoin has nothing to do with the popularity of US Dollar. Neither does the popularity of US Dollar has something to do with Bitcoin. These two are independent of each other yet they necessarily exist. They are just given its equivalent or conversion rate for investors to know how good both are doing in the market. Perhaps, it is just like a benchmark to see how the economy is doing at present.
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canaveralnonie
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December 13, 2017, 10:42:01 AM |
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I think it's not related or affect the value of bitcoin. Bitcoin is not based on dollar or any currency in specific country, that's why it will continue to sustain and hold the value of Bitcoin. Bitcoin is base on how many users , mining and many more. Correct if I'm wrong, thanks in advance.
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CoinsInvest9
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December 13, 2017, 02:11:44 PM |
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There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
China is second economy at the moment after America and many specialists were guessed China will soon pass America to become the largest economy in the world but my opinion the YUAN is difficult to replace Dollar at least in next 50 years. Reasons: Although China is second economy in the world but Per capita income is low compare America and Japan, moreover technology of china was almost steal from others countries. So i dont believe china can become leader of the world and YUAN can't replace dollar |
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twostepsally
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December 13, 2017, 03:43:22 PM |
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There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
China is second economy at the moment after America and many specialists were guessed China will soon pass America to become the largest economy in the world but my opinion the YUAN is difficult to replace Dollar at least in next 50 years. Reasons: Although China is second economy in the world but Per capita income is low compare America and Japan, moreover technology of china was almost steal from others countries. So i dont believe china can become leader of the world and YUAN can't replace dollar I thing is not possibly. Dollar will be fall bitcoin not fall. So it deiffer with the bitcoin. But bitcoin will be accept USA bitcoin will be down. So it connect the any way for the use to future growth. Bitcoin is will be useful to for the future growth. Bitcoin is good to for future people. But it will know the bitcoin process befor people will be use. |
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supermine
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December 13, 2017, 05:13:22 PM |
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I think it's not related or affect the value of bitcoin. Bitcoin is not based on dollar or any currency in specific country, that's why it will continue to sustain and hold the value of Bitcoin. Bitcoin is base on how many users , mining and many more. Correct if I'm wrong, thanks in advance.
Yeah,bitcoin value is not based on the value of dollar and also not based on the mining.The value of bitcoin is based on satoshi if satoshi price falls the bitcoin price will fall too.So the price of bitcoin will increase in terms dollars if the dollar price falls. |
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Neurocrypt
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December 14, 2017, 12:26:29 AM |
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I think nothing will happen
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Rozcobs
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December 14, 2017, 12:33:39 AM |
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Nothing will happen with the BTC if something happens to the Dollar falls. They are different in currency, so they have different course of action in terms of trading and how people use it. Bitcoin amount will rise up more that time then may double the price per bitcoin. I think that's the case.
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el kaka22
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www.Crypto.Games: Multiple coins, multiple games
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December 14, 2017, 04:45:06 AM |
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There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
Well I think if the value of dollars fall down, Then the value of BTC will also crash down. Since bitcoin is just for online transaction only and has no physical appearance, Means its still depend on dollars. And the dollars are the universal money currency so far. So it has a big effect in the value of bitcoin the rate of the dollars. Everything you have said does not even fall into play and I am sure you really do not even understand what makes bitcoin tick. Firstly, the value of USD does not have any single thing to do with USD. Bitcoin is decentralized and the only set of people controlling bitcoin's value is you and I, except for some few whales which even now things are not really the way it used to be for them. Crypto world is a totally different world and the craziest that could even happen is people dropping their USD for BTC, what do you think that would cause? A huge increase in the price of BTC. |
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canaveralnonie
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December 14, 2017, 06:08:09 AM |
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I think it's not related or affect the value of bitcoin. Bitcoin is not based on dollar or any currency in specific country, that's why it will continue to sustain and hold the value of Bitcoin. Bitcoin is base on how many users , mining and many more. Correct if I'm wrong, thanks in advance.
Yeah,bitcoin value is not based on the value of dollar and also not based on the mining.The value of bitcoin is based on satoshi if satoshi price falls the bitcoin price will fall too.So the price of bitcoin will increase in terms dollars if the dollar price falls. I still continue searching information about this how the bitcoin go on top or whatever. I'm still a newbie and lack of experience and idea. Can someone please give me some link and facts about how bitcoin got his value. Thanks in advance. |
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rickadone
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December 14, 2017, 10:24:33 AM |
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It would be very much likely that there would be a rush to buy Bitcoin just as there used to be with Gold. However, this could only serve a certain part of the population as it would not be very convenient for corporations to try and secure assets through Bitcoin. Only those with a high risk tolerances would prefer Bitcoin, the number of those interested eiumd depend on how much the dollar could fall.
Yeah, people think they have seen the rush so far, but this is little compared to what is incoming. A lot of people are beginning to consider cryptocurrency as the best spot to shift to right now for future spending and considering the fact that adoption is going to get huge, it would be easy to start exchanging cryptos which would make it even more appealing. So, in the issue of dollar falling, we should consider a massive rush to crypto. |
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