Post
Topic
Board Economics
Re: Financial Crisis Will Come
by
jimrome
on 12/06/2018, 21:35:35 UTC
What would it be if usd rate decrease and started to have no value how bitcoin and other crypto will stand itself? I have an idea that it will remain based in crypto dollar rate in online but having without a fiat.
How will other crypto will rise by purchasing power of usd if it is not available in fiat?
You cannot even call this a hypothetical question because the US dollar will not crash to zero like you anticipate but there will be changes in valuation but it will be adjusted accordingly, all of the exchanges allow crypto to be traded in different trading pairs and the value will not go down even if it is evaluated in terms of dollars.
I my view these financial crisis are cyclic and now the major difference is that it is happening frequently now.