Bitcoin Forum
April 20, 2018, 07:24:27 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
   Home   Help Search Donate Login Register  
Pages: [1]
Author Topic: Bitcoin Hell  (Read 686 times)
Sr. Member
Offline Offline

Activity: 350
Merit: 250

View Profile
July 27, 2011, 04:27:26 AM

Just what i see in the USD<->BC exchange, mostly getting USD in and out of exchanges.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Hero Member
Offline Offline

Activity: 784
Merit: 1000

View Profile
July 27, 2011, 08:59:14 PM

if debt ceiling dont get increased btc can go up way up

Its the other way around. When the debt ceiling gets increased (because it will, all they are doing now is a theater, everybody knows that they will increase the debt ceiling) it will allow for the government to keep spending and the Fed to monetize the debt. Its inflationary, bad for the dollar, bullish for competition for the dollar.

If the USA government cut spending (by not raising the debt ceiling f.e.) or even if it defaulted, then it would be another issue and the dollar could strengthen, hurting bitcoins.

But no worries. After all the theater they will raise the debt ceiling. But you get to watch the political theater. Enjoy it, you are paying for it.
Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!