Bitcoin Forum

Should I invest? Is it going down or up?
I heard they cut rates suddenly, very unstable ???

i was actually thinking about buying some myself

Russians themselves prefer USD & EURO over rubbles and you are asking whether you should buy some  ???

rather than rubbles you should invest in flintstones ;)

Excuse me...where did you get the info from? That russians preffer $ over rubbles? Nonsense sorry.

Ruble is going down...
Means that people are selling rubles to buy usd or euros

Who has rubles to sell... only russians.

Was it that hard?

But he was reffering to all russian people not just currency traders...

http://www.businessinsider.com/russians-buy-dollars-but-hard-2014-12

A bank in Russia's Khanty-Mansiysk region — an area in Russia that produces approximately 51% of Russian oil — has completely run out of dollars and is almost out of euros, Interfax reports.

The bank still has rubles.

"Basically, what this means is that people who work in the oil industry [in Khanty-Mansiysk] just got all of their money out of the bank in dollars," a person familiar with the matter told Business Insider.

And use google translate on this one:
http://govoritmoskva.ru/news/22291/

So you can't blame it on western propaganda

It's really tempting, same for oil, low prices are always tempting.

I wish I had the cash to buy 1  million barreld of oil right now.  For every dollar it goes up you get 1 million... how awesome would that be?   And you know the rich are buying it up right now.  It always happens like this and then you read about companies like southwest airlines being so savvy.  rich jerks

Avoid trading paper currency like the plague, it's all going to get extremely bad this year for paper currency as well as the various stock indexes, I actually dump all paper money I get into Bitcoin immediately unless I need to trade with people who don't accept Bitcoin.

I would prefer stocks related to oil. I don't think with current oil price, it will drop any further but for currency, it pretty much different. Plus, it would take longer time for currency to recover.

Thats why its always the same people with money, all these trust fund babbies inheriting and making easy money in situations like this for a couple more generations. Unless you luck out aka early investor in bitcoin or whatever its really hard getting out the shitty non rich lifestyle. We try tho.

Why on earth would you want to buy roubles?
You should rather invest in oil.
Oil is the only factor which can drive rouble up. Lot of other factors which can pull it down.

lol you want to invest in fiat?

At the moment, if you want to invest in fiat, best to invest in dollars.

It's entering a massive bubble that may last a few months.

However, all fiat money is a ponzi, don't invest in fiat because they will crash down at some point.

Oil go down Ruble go down - if you want invest in Ruble than you expect Oil go up?
May be easier buy futures on Brent?

fiat markets are too unstable for me at the moment. oil, precious metals are still tradable though

The ruble is a good idea for the long-term. It should rise with oil prices in September.

I am thinking in short it continues to decreasing but it will increase after maybeabout 7-8 months when everything be solved.

better to invest in other thing, like maybe bitcoin, or some new altcoin

Both are good opportunities (rubble and bitcoin) now coz they are low as fuck, but bitcoin has more future.