Quote from: Athanasios Motok on July 01, 2018, 05:59:28 PM

Quote from: Hydrogen on May 20, 2017, 08:27:50 PM

If (when) usd falls.

People will look for things to invest their money in to prevent their wealth from losing value as the dollar falls.

Many will buy gold, silver, jewels. Some will buy color tv's, electronics since they're not bad at holding value.

Others will buy bitcoin. It could increase demand for crypto which in turn would case the value and price of bitcoin to increase.

I, too, tend to the fact that if the dollar falls in price, a large mass of people with dollars, will look for an alternative in various international currencies of the world, perhaps even in bitcoin. But most still consider the option of buying gold, silver or mutual funds, shares.

True. Also, as soon as dollar fails a lot of people will start seeking for explanaition why it happened and learn about fiat and sound money. And as soon as they learn the difference they will understand why sound money is much more beneficial and secure.