Bitcoin Forum
May 02, 2024, 05:58:29 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: What will happen to Bitcoins if the $ collapses?  (Read 2140 times)
BTCisthefuture
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


View Profile
January 21, 2014, 05:00:28 AM
 #21

Welcome to the experiment of bitcoin Smiley  ..   What would happen to bitcoin if the dollar collapes, I have no idea. It could be a bad thing or a great thing for bitcoin.

I personally don't want to find out though in my lifetime.  If the dollar collapses MANY people are going to suffer alot regardless of what happens with bitcoin,  and I wouldn't want family or friends or myself to have to experience that.

Hourly bitcoin faucet with a gambling twist !  http://freebitco.in/?r=106463
1714629509
Hero Member
*
Offline Offline

Posts: 1714629509

View Profile Personal Message (Offline)

Ignore
1714629509
Reply with quote  #2

1714629509
Report to moderator
1714629509
Hero Member
*
Offline Offline

Posts: 1714629509

View Profile Personal Message (Offline)

Ignore
1714629509
Reply with quote  #2

1714629509
Report to moderator
"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714629509
Hero Member
*
Offline Offline

Posts: 1714629509

View Profile Personal Message (Offline)

Ignore
1714629509
Reply with quote  #2

1714629509
Report to moderator
1714629509
Hero Member
*
Offline Offline

Posts: 1714629509

View Profile Personal Message (Offline)

Ignore
1714629509
Reply with quote  #2

1714629509
Report to moderator
DeeSome
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
January 21, 2014, 04:19:31 PM
 #22

if the dollar collapses, then bread, bottled water, milk and everything else would be worth more dollars.. EG $100 for something normally worth only $1.

this would then make bitcoins worth (using the same exampled multiplication) 1BTC=$100,000, whilst at the same time 1BTC= only EUR1000 due to the euro not collapsing

I think this is probably the most sensible answer, and since you won't be able to buy a loaf of bread with a rare oil painting or a bar of gold (think of the change problem) then Bitcoin will become the currency of choice.
Johnny Bitcoinseed
Full Member
***
Offline Offline

Activity: 154
Merit: 100

Johnny Bitcoinseed


View Profile WWW
January 21, 2014, 04:29:38 PM
 #23

One indisputable fact:  if you have food on hand, you can eat it.

Maybe not so if all you have on hand is gold or bitcoin or cash or anything else.

Do yourselves a favor: store at least several months of food in your pantry.  Best to have more, but that is a good start.  Then get yourself a store of everyday items you use on a regular basis, then cycle through it replenishing as you go.

Now you have locked in value that no inflation can take away from you and you are safe to live another day come what may even if stuff becomes unavailable.

THAT is the greatest investment you can ever make.  Plain and simple that nearly anyone can do.

Words to the wise.  Ignore if you wish - I may just be selling you some of my stash at a tremendous premium and you will be glad to get it.

Sincerely I am, Johnny BitcoinSeed .com
mhmgs
Newbie
*
Offline Offline

Activity: 25
Merit: 0


View Profile WWW
January 21, 2014, 05:17:45 PM
 #24

Dollar may collapse within years. All possibilities can seen in a bubble economy. One world currencies like Bitcoin, Litecoin may lead the world.
unitedminers.eu
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
January 21, 2014, 05:22:39 PM
 #25

Dollar may collapse within years. All possibilities can seen in a bubble economy. One world currencies like Bitcoin, Litecoin may lead the world.

sure!
Mavrick
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
January 21, 2014, 06:45:40 PM
 #26

this is why bitcoin exploration into china is so important as the most traded currency in the world the yuan would offer the bitcoin not only more value but also more protection , this will not only ensure bitcoins survival but bitcoin will flourish.
EvilPanda
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


Small Red and Bad


View Profile
January 21, 2014, 09:09:15 PM
 #27

There was a topic about this somewhere. If the $ collapses you will have a lot more to worry about. Think of all the people who don't have any other valuables just live day by day in their rented appartment, paying for everything with fiat. They'll be the first to grab their guns and baseball bats.

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!