Post
Topic
Board Economics
Re: What if US Dollar Crashes?
by
Amph
on 07/12/2015, 19:23:00 UTC
Then bitcoin will go to the MOON !!!

That is a completely wrong idea.
Bitcoins price is dependent on the USD.
If the USD crashes BTC is doomed.
Not necessarily. USD is not even the most used currency if we talking about bitcoin trading, Chinese yuan is. After hypothetical dollar collapse, there will probably be initial price drop of BTC.
But soon price will go up to even higher values than before, that is what most realistically will happen.

I agree with LowlandGorilla,
If the USD crashes that will cause other currencies to crash too, causing market and trading issues. This will cause people to go back to gold and silver.


then bitcoin will be valued based on gold, it will not crash all the other fiat tied to the usd,a ctually it will increase in value, because besides going on gold and silver people will direct their investement on bitcoin