Quote from: mriansa on January 07, 2019, 03:09:32 PM

it seems that it is still not right because usd and bitcoin have a higher demand and have influence is usd, if usd collapses then surely the price of bitcoin will also collapse because many traders will secure their assets by selling bitcoin and withdrawing assets from the place exchange.

When the US dollar implodes, the rest of the fiat currencies will follow, so people will basically be forced to add value to Bitcoin similarly to how people add value to Gold. I'm certain that people will not even think a second about getting rid of their Bitcoins, because that's the only thing they have allowing them to transact conveniently without having to revert to Gold that's not allowing you to transact conveniently.

Even if people do not believe in Bitcoin, just for the sake of preparing for the worst case scenario, it makes sense to hold at least a chunk of it. It's better to own Bitcoin without needing to use it as worst case scenario money, than to not have it and late figure out that you need it. Wink