|
Title: USA dollar INFO ** Might wanna watch this guy*** Post by: MooC Tals on January 26, 2013, 02:19:48 AM This could be the reason why the Bitcoins have been rising in price.
http://www.youtube.com/watch?v=US0c8POzIR4 (http://www.youtube.com/watch?v=US0c8POzIR4) Title: Re: USA dollar INFO ** Might wanna watch this guy*** Post by: matauc12 on January 28, 2013, 05:40:14 PM This could be the reason why the Bitcoins have been rising in price. http://www.youtube.com/watch?v=US0c8POzIR4 (http://www.youtube.com/watch?v=US0c8POzIR4) He put his tin foil hat glue but forgot his actual tin foil hat. Title: Re: USA dollar INFO ** Might wanna watch this guy*** Post by: ElectricMucus on January 29, 2013, 01:28:36 PM This could be the reason why the Bitcoins have been rising in price. http://www.youtube.com/watch?v=US0c8POzIR4 (http://www.youtube.com/watch?v=US0c8POzIR4) He put his tin foil hat glue but forgot his actual tin foil hat. That's a fatal mistake these days. (For any of you guys wondering you really need the glue for those heavy duty tinfoil hats) Title: Re: USA dollar INFO ** Might wanna watch this guy*** Post by: labestiol on January 29, 2013, 01:51:39 PM Not saying it's totally uncorrelated, but it's a minor factor of the recent rise in price.
Bitcoin is valuable, more and more people start to get it. That simple. And it's really just the beginning. Title: Re: USA dollar INFO ** Might wanna watch this guy*** Post by: Chalkbot on January 29, 2013, 07:48:53 PM The general consensus is that significant inflation in USD is unavoidable in the medium-term future, correct? I've seen the topic discussed dozens of times on these forums and people might disagree on the reasons why or the potential magnitude, but I don't think I've seen too many opininions to the contrary being outlined.
If everyone believes this, then certainly it has an impact on BTC adoption, I would think. Title: Re: USA dollar INFO ** Might wanna watch this guy*** Post by: byronbb on January 29, 2013, 10:46:35 PM Bitcoin is intrinsically more risky than USD in terms of holding value into the near and long term future.
Title: Re: USA dollar INFO ** Might wanna watch this guy*** Post by: notme on January 29, 2013, 10:50:15 PM The general consensus is that significant inflation in USD is unavoidable in the medium-term future, correct? I've seen the topic discussed dozens of times on these forums and people might disagree on the reasons why or the potential magnitude, but I don't think I've seen too many opininions to the contrary being outlined. If everyone believes this, then certainly it has an impact on BTC adoption, I would think. I don't believe they can print feast enough to overcome the deflation from all the bad debt. Title: Re: USA dollar INFO ** Might wanna watch this guy*** Post by: adamstgBit on January 29, 2013, 10:51:19 PM omg omg omg take out all money from banks NOW!
the dollar is being dumped! the dollar is being dumped! the dollar is being dumped! the dollar is being dumped! ahhhhhhhh panic panic panic! Title: Re: USA dollar INFO ** Might wanna watch this guy*** Post by: FreeMoney on January 29, 2013, 11:39:06 PM Bitcoin is intrinsically more risky than USD in terms of holding value into the near and long term future. There might be a version of this claim that is true, but the chance of keeping 100% or more of your current value into the future by holding USDs is damn close to 0%. Of course if you only want to keep the same nominal amount holding USD is all aces. ;-) Title: Re: USA dollar INFO ** Might wanna watch this guy*** Post by: labestiol on January 30, 2013, 12:12:50 AM The general consensus is that significant inflation in USD is unavoidable in the medium-term future, correct? I've seen the topic discussed dozens of times on these forums and people might disagree on the reasons why or the potential magnitude, but I don't think I've seen too many opininions to the contrary being outlined. If everyone believes this, then certainly it has an impact on BTC adoption, I would think. First, there's plenty of people who think the opposite. notme is just one example among many. Personally I also think inflation will win over deflation, but I know I might be wrong. Second, if high inflation happens, yep sure it'll impact btc adoption. but the vast majority of people will mainly go to "classical" inflation hedges : precious metals, real estate, etc. The last 10 yrs is a good example of that. Bitcoin went to 0.01$ to around 20$ right now. The inflation play is only responsible for a tiny part of this rise. I repeat, to me the biggest drive in btc price rise is just that it's a superior form of money, and people start to realize that. The number of people who even heard about bitcoin once is crazy small, not even talking about people who actually put some of their savings in BTC. It's a long process, but without new competitors it's bound to happen. |