With the presale ending in just under 4 hours, we are happy to announce that you already can trade GEMZ on ALTS.Trade

I'm sorry but unless you have some certification I would recommend no one touches this exchange. I saw Qora get wacked from an early site that popped up and ran off with peoples coins. This exchange is about two weeks old. No way....

I would just log out and start again with a new address. I've had no problem from multibit to Koinify.

I think the arguemnt is their are many complicated deriveratives that like like they are 'breaking' so you are seeing unusual counterintuitive signs like the rise of the dollar. The truth is we are in uncharted times, I personally believe almost no one understands deriveratives that's the whole point is they are on purpose exotic and incomprehensible. Many would argue the fincancial system already collapses in 2008 sin e then the FED has just pumped blood into a dead body and zero interests rates is unpresidented. I would argue the reason people can't see all this is because they are given another narrative by the MSM which is patently false.

Currencies never collapse over decades they collapse more than often before people can get to their banks. The writing has been already on the wall for decades. I would argue since the FED was set up which actually is exactly 100 years....

Well I did give one source to my argument. But just research currency swap agreements over the last year of news especially the Yuan and also the BRICS bank which is clearly hoping to become the new IMF and alternative to the dollar system.

If a global crash does occur, I don't think people would like to put in their money into a more volatile digital currency, where they could lost more than 60% of their holdings .
Just Quoting my brother here .

The dollar can't die quickly in the classic sense because the dollar isn't just a bunch of paper that people agree has value. It's an enormously complex system of domestic and international trade that would require a century to unravel. Maybe in a century there will be a competing currency to fill the vacuum left after its demise. If that's Bitcoin, great. Of course, it won't matter to me because I'll be dead.

The question is: what are the impacts of a crash of the global finance system on the Bitcoin? Do you think that people would escape their savings in the Bitcoin ("the digital gold")?

The dying dollar (economic forecaster, Gary Shilling)

1. Economic Productivity

Among developed nations the U.S. has had the strongest productivity over the last decade. For example, the U.S. averaged 2.2%, Japan 1.6%, U.K. 1.2%, Germany 0.9%, Canada 0.9%, France 0.8%, and Italy flat. When you consider the deflationary trends now at work in emerging markets and other developed nations, Gary believes that U.S. productivity will continue to outperform and help keep the dollar strong.

2. The World’s Largest Economy

The dominant currency is typically found in the world’s largest economy and the U.S. is head-and-shoulders above the rest. As Gary points out, in 2012 U.S. GDP was $15.7 trillion. The second closest, China, was nearly half the size at $8.2 trillion. If you think China is about to overtake the U.S. in terms of size, Gary says “China would have to grow 12% a year for 20 years to catch up…it’s now down at about 7.5% growth and as the Chinese economy shifts away from being driven by exports…away from infrastructure, away from heavy borrowing, and so on, their growth is going to grow even more slowly.”

3. Deep and Broad Financial Markets

Here, Gary writes, “Internationally, money—especially today when it can be transferred anywhere in a split second—wants to be where the action is. That requires not only a powerful and large economy but also deep and broad markets in which to invest. Today, the U.S. Treasury market trumps all others in size and, in the eyes of investors…, in safety as witnessed by the mad rush into Treasury bonds in times of recent global trouble."

Similarly, he states, “American stock market capitalization is four times that of China, Japan or the U.K. and is over three times the Eurozone's…Almost 50% of Treasuries are held by foreigners but only 9.1% of Japan's government net debt is owned by non-Japanese. According to the IMF, 62% of the world's currency reserves are in dollars. The 24% in euros is down from 29% four years ago. Foreigners so love investing in the U.S. that at the end of 2012, it exceeded U.S. investment abroad by $4.4 trillion, up from $4 trillion a year earlier.”

4. Free and Open Financial Markets and Economy

“Investors want to go where it’s free and open; they don’t like China. China periodically freezes their currency. They did that for example during the Great Recession. They had let it float up but then they froze it when they got worried. They’re now letting it float a bit, but they turn it on, they turn it off. Other currencies are much less free to people moving out. They typically manipulate currencies in a lot of places. The Swiss, for example…froze their currency 1.2 to the Euro when everybody wanted to be in the Swiss Franc because they worried that a strong currency would kill their exports to the Eurozone, which is their major trading partner.”

5. Lack of Substitutes

“Things can change over time but one statistic that I think is very important is global forex trading. Now, there’s two sides to this so the numbers add up to 200%, not 100%, because for every sale there’s a buy. But if you look at the trading, in 2001, the U.S. dollar accounted for 90% of all the daily trading in currencies. In 2013, it’s down from 90% to 87%. But if you think of all that’s happened in that time, the euro currency had come in, China has gotten stronger, etc. But it still has only declined 3 percentage points and it’s way ahead of anything else. The second one today is the euro at 33% versus [the USD at] 87%, the yen 23%, sterling 12%—in other words, this is the currency that people transact.”

6. Credibility

“The sixth characteristic is credibility. And that’s the only one where you can say there’s been any questioning of the dollar. And it is true that last year that Standard & Poor’s did downgrade the U.S. from triple AAA to AA+, but that hasn’t really hurt. You might remember that when they did that, Treasuries actually rallied…and it has not changed the willingness of foreigners to put money into dollar denominated assets. So, the credibility issue is the only one that is not absolutely triple-A, but it hasn’t had any decided effects so far.”