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Author Topic: USA dollar INFO ** Might wanna watch this guy***  (Read 1360 times)
MooC Tals
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January 26, 2013, 02:19:48 AM
 #1

This could be the reason why the Bitcoins have been rising in price.

http://www.youtube.com/watch?v=US0c8POzIR4
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matauc12
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January 28, 2013, 05:40:14 PM
 #2

This could be the reason why the Bitcoins have been rising in price.

http://www.youtube.com/watch?v=US0c8POzIR4

He put his tin foil hat glue but forgot his actual tin foil hat.
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January 29, 2013, 01:28:36 PM
 #3

This could be the reason why the Bitcoins have been rising in price.

http://www.youtube.com/watch?v=US0c8POzIR4

He put his tin foil hat glue but forgot his actual tin foil hat.

That's a fatal mistake these days.

(For any of you guys wondering you really need the glue for those heavy duty tinfoil hats)
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January 29, 2013, 01:51:39 PM
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Not saying it's totally uncorrelated, but it's a minor factor of the recent rise in price.

Bitcoin is valuable, more and more people start to get it. That simple. And it's really just the beginning.

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January 29, 2013, 07:48:53 PM
 #5

The general consensus is that significant inflation in USD is unavoidable in the medium-term future, correct? I've seen the topic discussed dozens of times on these forums and people might disagree on the reasons why or the potential magnitude, but I don't think I've seen too many opininions to the contrary being outlined.

If everyone believes this, then certainly it has an impact on BTC adoption, I would think.
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January 29, 2013, 10:46:35 PM
 #6

Bitcoin is intrinsically more risky than USD in terms of holding value into the near and long term future.

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January 29, 2013, 10:50:15 PM
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The general consensus is that significant inflation in USD is unavoidable in the medium-term future, correct? I've seen the topic discussed dozens of times on these forums and people might disagree on the reasons why or the potential magnitude, but I don't think I've seen too many opininions to the contrary being outlined.

If everyone believes this, then certainly it has an impact on BTC adoption, I would think.


I don't believe they can print feast enough to overcome the deflation from all the bad debt.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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January 29, 2013, 10:51:19 PM
 #8

omg omg omg take out all money from banks NOW!

the dollar is being dumped!
the dollar is being dumped!
the dollar is being dumped!
the dollar is being dumped!

ahhhhhhhh
panic panic panic!

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January 29, 2013, 11:39:06 PM
 #9

Bitcoin is intrinsically more risky than USD in terms of holding value into the near and long term future.

There might be a version of this claim that is true, but the chance of keeping 100% or more of your current value into the future by holding USDs is damn close to 0%. Of course if you only want to keep the same nominal amount holding USD is all aces. ;-)

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
labestiol
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January 30, 2013, 12:12:50 AM
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The general consensus is that significant inflation in USD is unavoidable in the medium-term future, correct? I've seen the topic discussed dozens of times on these forums and people might disagree on the reasons why or the potential magnitude, but I don't think I've seen too many opininions to the contrary being outlined.

If everyone believes this, then certainly it has an impact on BTC adoption, I would think.


First, there's plenty of people who think the opposite. notme is just one example among many. Personally I also think inflation will win over deflation, but I know I might be wrong.
Second, if high inflation happens, yep sure it'll impact btc adoption. but the vast majority of people will mainly go to "classical" inflation hedges : precious metals, real estate, etc. The last 10 yrs is a good example of that.
Bitcoin went to 0.01$ to around 20$ right now. The inflation play is only responsible for a tiny part of this rise.

I repeat, to me the biggest drive in btc price rise is just that it's a superior form of money, and people start to realize that. The number of people who even heard about bitcoin once is crazy small, not even talking about people who actually put some of their savings in BTC. It's a long process, but without new competitors it's bound to happen.

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