Bitcoin Forum

So, I'm thinking how can this sham economy keep trucking.

Then I opened up the 5 year dollar index. If this isn't a bubble I don't know what is!

http://quotes.ino.com/chart/index.html?s=NYBOT_DX&t=&a=&w=&v=dmax

What do you guys think the best bet against the dollar is if you don't want to do forex type stuff?

I see there is a triple short etf

http://finance.yahoo.com/q?s=udnt&fr=uh3_finance_web&uhb=uhb2

I'm wondering if it'd be a good play or not. Then I was talking to guys at work and they are like you are going to get payed back in dollars though lol.

Go for it! ;)

There is always the counterparty risk, though.

If you win big on this trade of the century, are you guaranteed to get paid?

When betting against the dollar, some type of tangible asset is usually best. Most people choose gold.

Dollar is inflation. Holding it for the long term is losing value. So ppl are looking to alternative to store value, such as gold.Hopefully bitcoin will coexist with gold, as another important investment tool or way of storing value. Bitcoin, its inherent deflation quality, could become the play of this century.

Exchanging them and holding longer as an altcoin as opposed to the dollar,that would stand to to get more gains,since it s decentralized and volatile you have chances of doubling or even tripling,thereby gaining more value

Exchanging is good but holding altcoin for too long I dont think that will be a good option because altcoin is somewhat like blur. Better for us to keep bitcoin because its like our main currency in this digital world

The key is to just diversify. You will never be certain when it will collapse or will it even collapse in the first place, so you just have to play safe. Also, you can't just tied up all your money so you will need to consider your options. I still think commodities and investing in foreign mutual stock is a good bet. Another one is definitely gold.

You can lose big even if you are right. If the central bank raise the interest by 3-4%, how long can you hold?

Buy gold and short btc.

I have learned the lesson to not hold any altcoin as soon as I get like 10% profits. Only a few alts are worth having in your portfolio long term. My current ones for that are MAID, STORJ and XMR.

You should always hold on what most majority holds, before doing anything its a safe rule of thumb to follow.

As for btc, since most people are still holding onto it global level I`d still hold, but short if you feel like the direction of bitcoin is going nowhere fast. Then do 90% and leave 10% in bitcoin.

Bitcoin has been struggling which way it wants to go, or just consider nothing but illegal stuff.

I agree that the dollar is over-valued, but a triple short seems a bit drastic to me too!
Things are teetering at the moment, the US might feel obliged to raise interest rates, but I doubt they will be able to keep the rate up for long without suffering badly.

As soon as they raise the rates, I would short the dollar, it might well be that they bottle it and don't do it, but if they are stupid enough to, then pile in!

the forex is really though place to do business if you are losing money and you keep the things you have you will loose money every additional day you keep them. Try and play for a bit. it has a lot of ups and downs, the prices are changing in a matter of seconds. You can eat or be eaten ;)

Dollar index is dollar priced in a basket of other currencies. All it means when it goes up is that it is experiencing less inflation than the other currencies.  Unless you expect the Euro and Yen to suddenly start being stronger (good luck with that), I wouldn't short the dollar.

Every FIAT based index and comparison one FIAT currency to another is more like a fantasy index than any real indicator.
Every number is fake and FIAT system could crumble any minute by is fixed artificially by government and financial insituions.
So yes, It is a play of the Century.

Not going too well..

Obviously the play of the century is to buy bitcoin. The dollar bubble is going to pop, and when it does precious metals and bitcoin is going to skyrocket, but in the long run I like bitcoin over precious metals and right now bitcoin is selling at an unbelievably bargain rate. Imagine being able to buy gold at these bitcoin prices, and bitcoin is better than gold!!

Another global recession is right around the corner.  Dominos have already started to fall.  Greece, china, etc...

Even if the dollar pops up, you think they don't have choices and options? You think they haven't figured out a solution if there was supposed to be such a debate? The government's too smart to fall for it. Also, if bitcoin starts to compete with the US dollar, you think other countries will stand strong unaffected? The only way a cryptocurrency can even be considered to exist is if fiat and cryptocurrency co-exist and used daily. Dollar won't go down and vanish in thin air just like that.

The International Money Fund will probably step in to bailout the dollar or introduce a new international currency sure, but that master plan for world domination by the banks only pans out in a world that didn't event decentralized consensus networks so that public purely peer-to-peer currencies such as bitcoin are competition. It is only a matter of time before bitcoin and other crypto currencies are the main money used on the planet.

Cryptocurrency is not dependent on fiat money in any way. I don't know what you are talking about when you say crypto currency can only be considered to exist if it coexists with fiat. Crytpocurrency can easily exist independent of fiat.

If they raise rates there should be an influx into the dollar, from emerging markets as their currencies collapse further and any corporations with borrowings in USD are hit further. I suppose the way I think of it is that the dollar, despite all of its problems, will be the last man standing. As the Fed is telegraphing a raise months in advance there might be a 'sell the news' reaction though.

If they raise, it will be deflationary for the US, poison for EM's. If this leads to a big correction, what are the odds on more QE and the collapse of the most important thing - confidence?

You are absolutely right. there is no way out. If they raise rates and start contracting (like needs to happen badly) then they prick this false bubble they've inflated and we see a huge collapse. They should not have inflated the bubble in the first place though, that's the problem. Now it either pops or they keep blowing it bigger, but it has to pop eventually.

Another round of QE you are right would drop people's confidence, I don't see any way out. We have months, maybe a year or two, but it's gonna get bad and it's gonna be world wide. The dollar itself is going to collapse.

I think we are about to live through the greatest transfer of wealth and transformation of the world's economic system ever in the history of mankind and bitcoin is going to be a key player in the whole thing. Keep buying bitcoin and strap yourself in for a bumpy ride.

And this is where the pump & dumpers and the clickbait articles may in fact have helped. If bitcoin becomes regarded as a crisis asset - outside the system & possibly replacing gold's for the internet generation - it may become a self fulfilling prophecy, begun by these groups insistence that is already performing this function.

These banks are too smart when it comes to domination, in an event where dollar is about to die and the government isn't sure about it, they will introduce their own currency. Their own crypto-currency! And you think bitcoin will be able to compete with a crypto currency which is backed and supported by the government? What if they make it compulsory to not use any other crypto except their own?

The government has already started working on that, US Government funded 3 Million for cryptocurrency research and stated their goal as to seek potentially new ways of developing and implementing cryptocurrency technology. On the other hand, there is news about government regulating cryptocurrency in terms to avoid money laundering. There have been strong rumors that even Canada is developing their own crypto