|
Title: THE DOLLAR SOAP Post by: pinnpe on November 07, 2013, 11:45:10 AM In respond to techcrunch http://techcrunch.com/2013/11/06/the-bitcoin-bubble/
If there is a Bitcoin bubble let me tell you a SOAP about the dollar. It's suppose to be the reserve currency, but it's loosing it's ground. More countries are starting to exchange goods in gold instead of the mighty dollar. Talking about loosing your ground, the dollar is loosing it's value. They call it QE (for youngsters like me that means "Question Everything") for intelligent bastards it means "Quantitative Easing", if that's to hard to understand, it simply means "Money Printing or just typing in a number (nowadays)". Now if you have a lot of something (like the dollar) it becomes WORTH LESS. IŽll just get to the moral of this story Due to the dollars dramatic (decrease in value), one have to spend more dollars to buy 1 Bitcoin. |