Quote from: pitham1 on March 03, 2017, 02:09:47 PM

Quote from: noictib on March 03, 2017, 05:12:25 AM

Quote from: FuckIdolPlus on March 28, 2015, 04:00:49 PM

I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?

I think crashing down for the filler or USD is impossible because in the Fiat currency the king is one which is USD .
But if it would be then the people who are non USD user will get profit . Because if USD carsh then the value of Bitcoin in USD will increase and if we sell.our Bitcoin for Fiat then we will get for profit in our own Fiat currency .

You have got the conversion wrong there.
If you have a different currency other than USD, then the USD crashing won't get you much more fiat.
Value of Bitcoin in USD will increase, but those dollars will fetch you less fiat. In the end, the value of BTC in your fiat currency won't change

That is a tricky point

Basically, you refer to simply mechanistic relationship but in real life things are by far more intricate than that, and the true relationships (i.e.how thing will develop in reality) are often perverted and not very intuitive overall. In the case which we discuss here (i.e. what is going to happen if the US dollar crashes), you implicitly assume that inhabitants of the part of the world known as the US will be sitting idly watching how their currency (i.e. the US dollar) collapses. Obviously, nothing can be farther from truth. And where do you think they will pour their collapsing dollars into? In some obscure local currency like Algerian dinar or Sierra Leonean leone?