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Sure, coins can crash and turn to dust. But it doesn't change the fact its value is determined by the dollar. If the dollar crashes, bitcoin has 0 value. No one
by philliphaydon 4y ago
Sure, coins can crash and turn to dust. But it doesn't change the fact its value is determined by the dollar. If the dollar crashes, bitcoin has 0 value. No one buys and sells in bitcoin so bitcoin has no real value at the end of the day. It solves no problem.
- Retric 4y agoPeople buy and sell crypto in other currencies. It’s possible for the dollar to crash without destroying crypto, though it seems unlikely for the dollar to crash without severe global issues that would likely take down crypto as well.