btc value and currency inflations

[Eureka_07]

lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??

most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?

As far as I know, USDT is an stablecoin, it was originally created to have nearly same value with USD fiat currency.
I'm pretty sure that your USDTs are safe overnight, as what I have said, it is an stablecoin, it mostly stays on it's value everyday though it could still increase if something HUGE happened.
But that will not be very easy. Traders uses USDT because they use it to exchange their bitcoins/altcoins into a much like USD value crypto.
I'm telling you not to worry because your USDT is less risk from fluctuations.

How to know the value of bitcoin? Just search it on exchanges or even on google. LOL.
No one can predict exactly the value of bitcoin as it is a very volatile crypto.

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[error08]

im asking just to want to be safe btc is not safe it can go up and down.
and exchangers stable coins most popular ones are USDT.

In contrast to popular belief, USDT isn't safe either. If anything, if you'd force me to choose where I'd store 100% of my wealth, I'd choose bitcoin instead of USDT. We don't even know if the USDT are backed by real dollars or not. At least with bitcoin, sure it's going to go up and down, but it's guaranteed to have some value and that I believe it's going to be more expensive in the far future.

There is a risk in stable coin as well. USDT meant to be pegged one for one to the USD, in real world trade market it trades plus or minus.
The develepor say that they are holding dollars in order to backed the USDT, the company suppose to buy a dollar for every coin they issued as reserve fund.
However, are they actually holding dollars in a 1:1 ratio for every USDT coin?
the plaintiffs alleged in a complaint last October that over five years Tether issued as much as $3 billion-worth of unbacked USDT tokens, which Bitfinex then used to purchase cryptocurrencies on the open market to prop prices up during market downturns. Source

[nomenclatur]

USD will always be valuable, not possible if American countries will go bankrupt in the near future you not need to worry about the price USD in the future if there is a war and turmoil in all the countries you have to be alert and better to buy gold if you are afraid of losing your money for investment in cryptocurrency at risk if you do not take the risk better you do not invest more in crypto.

[Mauser]

USD will always be valuable, not possible if American countries will go bankrupt in the near future you not need to worry about the price USD in the future if there is a war and turmoil in all the countries you have to be alert and better to buy gold if you are afraid of losing your money for investment in cryptocurrency at risk if you do not take the risk better you do not invest more in crypto.

America and other Western countries are still below their inflation target of 2-3%.over the last 5 years inflation grew very mildly in the Western countries, mostly due to the low energy prices. The strong trends in crypto prices can't be explained by these inflation rates. In the emerging markets inflation rates are much higher but I don't think this why people go into the crypto world.

[mindrust]

~

Just because they pay you $12k for a piece doesn't mean you have to cash out from $12k.

You don't need to force people to buy from you for $100k neither. That wasn't my point at all.

If you don't sell from $12k, that means you don't find that price appealing. It is that simple.

[Serious475]

I think you are facing some quit issues with the currency.
USD is a currency which is most of the money dependent this are the one who has the largest exchange among different countries this is the reason why most people choose this currency every time they transfer or spend through a different country because they know the worth of it.

The usdt is a coin dependent on the value of the USD but the aim of this to make a remaining value into one dollar.

Also, we have a different story with the BTC it has a fixed number valid if you don't make it pair into coins.

[coinfinger]

most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?

Lol that shouldn’t be a question since USDT is pegged 1 – 1 with the USD 😂 so if you’re storing USDT in your wallet you should have it mind that you’re storing the USD equivalent, and you’re getting whatever the USD gives. Then as for BTC , if USD should be going down I don’t think that BTC will go with it, BTC will rather be going up and having even more value as it has done for years now.

I will put my bet on BTC and that’s the cryptocurrency I am ready to hold at any time, even Ethereum. I’m still holding other coins and tokens, but I don’t really trust them that much, maybe except XRP, because they have been doing great job.

[doomloop]

USD will always be valuable, not possible if American countries will go bankrupt in the near future you not need to worry about the price USD in the future if there is a war and turmoil in all the countries you have to be alert and better to buy gold if you are afraid of losing your money for investment in cryptocurrency at risk if you do not take the risk better you do not invest more in crypto.

I agree and USD is not going to drop like a pack of cards because it is used as a international currency and it would take massive collapse to drop it's value anytime soon.

Keeping money in crypto is a good idea I agree but if you imagine USD losing it's value to inflation then there is no reason to believe that even bitcoins can drop under such times.

I believe USD is safe and hence is USDT so there is no need to create anew panic without any proper reasoning.

[beerlover]

You will know by being able to buy the same things for the same bitcoin price instead of same usd price. For example, check how much 1 kilo of apple worths in bitcoin and how much it worths in dollar right now. If it is let's say 10 dollars (probably not that much) and let's say its 0.0001 bitcoin (or whatever btc to dollar rate is at that moment, this is just example) if the price of 1 kilo of apple stays at 0.0001 bitcoin but becomes 20 dollars one day, you will know dollar has gone up, but bitcoin stayed with the same valuation and worth.

Of course all the rates and the apple one is just example, you can calculate it based on today as well. 1 bitcoin is almost 13k, you can buy X item for 13k or 1 bitcoin, in 10 years that X item becomes 30k let's say and it stays 1 bitcoin, that is what we are trying to achieve.

[Xinarae*]

I don't think the USD will cross the line and become worthless as long as the value of Bitcoin increases the demand for USD will increase and it is possible to get higher prices of currencies. Even if there is inflation in the country it will not have any effect. Crypto, including Fiat, will suffer a lot if the US team loses value. Nothing will happen to the US team so every trader is investing in currencies to get higher prices.

[lixer]

lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??

most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?

USDT is being used as an standard to evaluate the price of bitcoins because we need a fixed currency relative to which we can compare other currencies and assets. So, that benchmark is USD and if something strange happens over time and we see a degradation in the value of bitcoins then we might see a new benchmark but that is unlikely to happen frankly speaking.

I was wondering if there should be a universal currency maybe we call it as UNC and then we set it as a new standard but thinking alone cannot do it and we have to face that the real benchmark right now is USD and no reason to think that it is going to drop and inflation rate is not very high in countries like America.

[bits4books]

If you don't sell from $12k, that means you don't find that price appealing. It is that simple.

So you just changed the concept of "cost" to "desired price" and think that everything is fine?
If you are so sure that you are right, then I suggest you buy my 1BTC for $25k because this is my desired price.
And I'm 100% sure you won't because
1) you are not interested in buying BTC for this amount when everyone else around is selling and buying it for ~$13k
2) you are not interested in buying any product at the seller's desired price when there are offers that are better for YOU

And what do we come to? That your "desired price" is only a fiction and nothing more to which you here appeal absolutely not wanting to remember the classical law of supply and demand.

But if you are completely sure that you are right-then you are welcome, my 1BTC for $25k is always at your service, sir!

[rodskee]

I don't think the USD will cross the line and become worthless as long as the value of Bitcoin increases the demand for USD will increase and it is possible to get higher prices of currencies. Even if there is inflation in the country it will not have any effect. Crypto, including Fiat, will suffer a lot if the US team loses value. Nothing will happen to the US team so every trader is investing in currencies to get higher prices.

Where does this came from that USD will become Worthless?yeah the value is getting lower and lower But America will never allow this to happen even if this needs to declare another war to recover from their losses lol.
i think Bitcoin is always there just to support the fiat but not to bring the fiat losing its value at all.
and besides we can use them both so why need to choose 1?

[witcher_sense]

lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??

It seems that you are confusing two different concepts the value of bitcoin and the exchange rate of bitcoin. The value of bitcoin exists despite fiat currencies, whereas the price is measured in them. The former is the sum of all advantages of bitcoin that makes it more valuable than government-issued currencies. The latter is simply a measure of how bad fiat currencies against bitcoin. If all the fiat currencies become devalued, it will cause bitcoin's price to astronomical grow. If all the fiat currencies are completely gone, bitcoin will no longer have an exchange rate against fiat currencies and everything will be measured in bitcoin. However, the value of bitcoin will not change, because bitcoin will have exactly the same set of advantages.

[imstillthebest]

usdt is said to tied with the usa dollar being tied means the effect of the other are going to feel on the other but there can be other coins that are not tied to usa a dollar . those coins are not officially called as stable coins but they have a stable characteristic we can try using them if we are have a fear of using a usdt  .

for the record i havent see usd drop so much but if that happens , btc are still going to be measured by usd or other local currency . the rates of btc are going to fell i guess ?  

[mindrust]

I didn't change anything. I didn't talk about the cost at all. Quote me where I talked about costs. You are making things up.

Nobody gives a fuck about the cost. Crypto prices are all speculative.

Yes if you are willing to buy my coin for $20k while other people WANT (can't stress that enough) to buy it for $12k,  and I agree to sell if for $20k, then the price between you and me is $20k. We did give no fucks about what other people were doing.

If you open your eyes, you can see it is already happening everywhere in the world.

Why do you think the Koreans were paying a lot more than the rest of the world not so long ago?

Here is a chance to educate yourself:

Kimchi Premium


Local exchanges, local markets, local rules  and local prices.

[Assface16678]

I don't think the USD will cross the line and become worthless as long as the value of Bitcoin increases the demand for USD will increase and it is possible to get higher prices of currencies. Even if there is inflation in the country it will not have any effect. Crypto, including Fiat, will suffer a lot if the US team loses value. Nothing will happen to the US team so every trader is investing in currencies to get higher prices.

USD value is not dependent to Bitcoin's market price. The market value of Bitcoin and USD are not proportional, it is just that the price of cryptos are determined using fiat but the determinant of the true value of Bitcoin is the demand while in USD is the supply alone, if i'm not mistaken. That's why it became an issue in U. S that trump is planning to print more money which could result to hyperinflation if things will be caught off hand., but that's another case. And I also doubt that the possible decline in the value of USD will be also a burden to the market prices of cryptos.

[Dragonfund]

lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??

most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?

I wouldn't say it's impossible for the usd to be highly devalue but as long as economic keep moving, that can't happen. Check back from 2008, we keep hearing dollar will collapse but its getting stronger with little inflation in my opinion. USD may have inflation range of 2% as predicted by some analyst because interest rate still remains 0 and stimulus distribution is still on check.
Bitcoin isn't backed by usd, it's just a value that is determined by the market force, its independent of other centralized bodies( in the past) but currently correlated with stock market( S&P 500).

Bitcoin is bitcoin, demand and supply is the key factor that driven it's economy which has been working perfectly base on Satoshi whitepaper. All eyes are now focus on US elections, thus Bitcoin is enjoying  the news. We have seen how PayPal, one of the giant payments system across the world is adopting cryptocurrency payments on their, that's how decentralized it should be and not tide to some individuals decisions (S&P 500 and Gold in traditional market for example).

[Reid]

lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??

most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?

Although it will be impossible, just to answer the question it is a yes.
USDT = USD
So it will also be valued as how USD will be.
But, I doubt it will be as low as it can get.
Just think about it, even now with the pandemic and the US being quite affected by high numbers of positive COVID-19 patients.
Their currency is still highly valued and strong. It's not that easy to preserve that.

[naikturun]

valuable or worthless money depending on those who use it, of course if there is a problem with usd then your usdt will also be in trouble.
But if the USD is affected, it is certain that other currencies will also be affected.
because almost all world currencies are paired with usd, it is the same as btc which almost all alt has btc pairs in every market.