Bitcoin Forum
July 09, 2024, 11:15:23 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: US debt affect on Mt Gox account balance  (Read 828 times)
Teal Deer (OP)
Sr. Member
****
Offline Offline

Activity: 714
Merit: 250



View Profile
October 08, 2013, 08:41:03 AM
 #1

I'm from Australia, and trade in USD on Gox for obvious reasons.

I was wondering, when the debt situation inevitably hits the fan and the value of USD possibly plummets, what should I do? Will that happen? Should I exchange money now?

What will happen to the USD in the future, and when could it happen?
600watt
Legendary
*
Offline Offline

Activity: 2338
Merit: 2106



View Profile
October 08, 2013, 08:50:46 AM
 #2

u.s. can not go bankrupt. it will just print/create more $. the gov. shutdown is just some political opera/drama play. it will not hit any fan. you should be more concerned about gox staying liquid.
Ekaros
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
October 08, 2013, 09:35:47 AM
 #3

USD can enter to hyper-inflation. But it's not too likely, if the debt ceiling isn't raised I would move the money of USD...

12pA5nZB5AoXZaaEeoxh5bNqUGXwUUp3Uv
http://firstbits.com/1qdiz
Feel free to help poor student!
joesmoe2012
Hero Member
*****
Offline Offline

Activity: 882
Merit: 501


Ching-Chang;Ding-Dong


View Profile WWW
October 10, 2013, 07:35:10 PM
 #4

Don't think the USD is going to get hit too hard, but still BTC may be a better investment, if you've got money on the exchange, wait for a dip and buy in Smiley

Check out BitcoinATMTalk - https://bitcoinatmtalk.com
odolvlobo
Legendary
*
Offline Offline

Activity: 4368
Merit: 3287



View Profile
October 10, 2013, 07:51:28 PM
 #5

I'm from Australia, and trade in USD on Gox for obvious reasons.

I was wondering, when the debt situation inevitably hits the fan and the value of USD possibly plummets, what should I do? Will that happen? Should I exchange money now?

What will happen to the USD in the future, and when could it happen?

If you hold BTC in your account instead of USD, you won't be affected by a fall in the value of USD.

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
fattypig
Full Member
***
Offline Offline

Activity: 224
Merit: 100



View Profile WWW
October 11, 2013, 01:15:07 PM
 #6

Just hold Bitcoin & gold and not USD and your will be safe.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!