Quote from: nimogsm on Today at 09:13:09 PM

Quote from: kickea on April 06, 2023, 10:42:00 PM

What happens to the value of bitcoin if the dollar goes to 0? Will bitcoin also loose value because the dollar is worthless? yes, there would probably be other things to mind like world war, full panic, no internett and so on. But set these things aside. How much would a sack of potatoes cost, and with what could I buy these potatous witth(gold/bitcoin/chickens/etc.)?

Any ideas? and any ideas on how bitcoin could be independant of the dollar, or other fiat?

You missed a very important point,Bitcoin is also convertible into other currencies,so even the theoretical fall of the dollar to 0 will not greatly affect the price. Yes, of course, at first there will be a panic in the market and Bitcoin will lose a lot in price, but it will definitely not cost 0 .This is its main advantage, it is freely convertible both in currency and in goods as well and can be exchanged for a service.

Dollar/fiat