Bitcoin Forum

Since USD is going up because of oil, and currencies like CAD and EURO are dropping. From now I'm thinking about exchanging BTC to USD, wait until it drops or until CAD catches up and then change it back. Wat y'all think?

Good idea, but the question is whether the value is set to fall..

I guess... Or you can buy some cheap oil now, wait till middle east goes up in flames and "civilized world" descends in to the nightmare of war again, devouring huge amount of human and natural resources. I would still keep your BTC though.

You want to lose value?  ::)

you can't really buy oil.

You know, fuel deposits are too expensive and sometimes blow up.

(same thing happens with USD, you usually only gets some figure in the screen saying you has X dollars)

Do not forget BTC is going up too, Bitcoin up while dollar up too, it's double profits. You would lose more if you exchange your Bitcoins to USD.

better hold your btc coz you don't know what happens next..

but bitcoin is going up too, better to hold just that instead of doing all that exchange

You can buy oil ETFs. Or binary options.

OP, USD is high, but bitcoin is so volatile if you're out of the game for a few months you can miss everything, so maybe just a little side trade, but I wouldn't go all in.

Are you short in fiat money ?  I don't see any other reason to do so  ::)

Im not too sure about this USD tanking, i would say that it has gone far enough, and i personally wouldn't want to be one of those that are buying at the top,
so maybe it's better just to leave it in BTC for now, ignoring USD value. The possibilities for growth are much more on the bitcoin's side, since it can go many folds up in price
where USD or any other fiat, due to its large cap. can't.

cheers

i don't think it is a good idea to sell Bitcoin these days unless you are day trading, or need money. since the price is going up and also looking good i doubt you can profit more by dumping BTC