Russia to Drop USD as reserve currency - could mean 5000+ USD bitcoins

[madmadmax]

LOL sanctions. It's amazing how brainwashed Americans are by their media, Russia has palladium, gas, oil as well as plenty of resources with intrinsic value that will always find buyers, America has nothing but fancy toilet paper with heads of dead presidents printed on it and that toilet paper is only worth something because other countries are foolish enough to exchange Gold for it, let the corrupt and jealous keep fighting against liberty and freedom. See how far it will take them.

[igorr]

Trend and price before 1 month:


Trend and price today:


See you again within a month with trend lines and current price.

[crazynoggin]

Russia dropping the USD as a reserve currency doesn't mean anything, considering Russia doesn't have much sway in that regard. I doubt you would see 5k Bitcoin because of that.

[franky1]

anyone can ignore different trends of the past and only show 1 week, 2 weeks or 2 months. to make a prediction go in any direction they please.



economy is never a endless straight line. so dont draw straight lines forever, as your "trend"
so please use 4 years of trends and realise that we have only thus far grabbed the attention of 0.03% of the population. so my prediction (marked in blue below is what i feel will be the future.



please note the circled area's as similar activity followed by a stable price of only 50% variance, folloed by multiple hundreds of percent spikes..

[leopard2]

Russia dropping the USD as a reserve currency doesn't mean anything, considering Russia doesn't have much sway in that regard. I doubt you would see 5k Bitcoin because of that.

Correct, they don't have much USD. It is the idea that is so dangerous! Domino effect! This is why Iraq was attacked, they wanted to sell oil for EUR which was a massive threat to USD superiority and USA business model. So they got a lesson.

Now trouble with Russia is they got nukes, so Uncle Sam will have troubles invading them.

Russia could start selling oil/gas for crypto, which would mean $5000+ Bitcoins and massive threat to USD/USA. They won't do that IMHO because the ruble is fiat, and fiat is power over people, but you never know. Selling oil/gas for EUR would be enough to devalue USD quite a bit.

[DooMAD]

I think we in the UK are in the same Boat as the USA.
UK - Main export? fuck knows. Office worker types no doubt.

I believe I'm correct in saying that our main export to the rest of the world is god-awful reality tv shows and some shitty gameshows too.      

It wont matter, they can drop what ever they want, sanctions will screw them.

Pfft... as if.  It took years before sanctions had even the slightest impact on Iran, so any effect on Russia will barely be noticeable.  "Sanctions" is just a modern day word for "Posturing".

[leopard2]

UK main industry is financial services

Now with the Isle of Man allowing unregulated exchanges, there could be a huge pipeline fiat---->btc, protected by the Crown.

[64dimensions]

For you traitors and morons trash talking the USD, the United States of America  is the number 2 in exporter in the world:

United States Top 10 Exports:

The following export product groups represent the highest dollar value in American global shipments during 2013. Also shown is the percentage share each export category represents in terms of US overall exports.

Machinery: $213,108,199,000 (13.5% of total exports)
Electronic equipment: $165,604,449,000 (10.5%)
Mineral fuels including oil: $148,426,743,000 (9.4%)
Vehicles excluding trains and streetcars: $133,640,479,000 (8.5%)
Aircraft and spacecraft: $115,380,944,000 (7.3%)
Optical, technical and medical apparatus: $84,281,276,000 (5.3%)
Pearls, precious stones, precious metals and coins: $72,830,232,000 (4.6%)
Plastics: $60,836,970,000 (3.9%)
Organic chemicals: $46,510,903,000 (2.9%)
Pharmaceutical products: $39,742,717,000 (2.5%)

To compete in the world economy the dollar needs to be weak!

The US in 2014 or 2015 will be the number one oil exporter at some point !?

[Boris-The-Blade]

LOL sanctions. It's amazing how brainwashed Americans are by their media, Russia has palladium, gas, oil as well as plenty of resources with intrinsic value that will always find buyers, America has nothing but fancy toilet paper with heads of dead presidents printed on it and that toilet paper is only worth something because other countries are foolish enough to exchange Gold for it, let the corrupt and jealous keep fighting against liberty and freedom. See how far it will take them.

Yeah what he said.
Lets all stop poking this Russian bear before it bites back.

[jc01480]

[GiganticDays]

I think we in the UK are in the same Boat as the USA.
UK - Main export? fuck knows. Office worker types no doubt.

UK & US have the same main exports - corrupt "democracy" and conflict.

[leopard2]

For you traitors and morons trash talking the USD, the United States of America  is the number 2 in exporter in the world:

The US in 2014 or 2015 will be the number one oil exporter at some point !?

Yes Sir only traitors and terrorists on this forum!

Now about the morons, I am not sure, you seem to be one of them because you don't realize that all those exports you listed, are already subtracted from the imports, that is why it's called a TRADE DEFICIT

And that DEFICIT is covered by selling USD debt to the world. Only the USA can do that because USD is a world currency. If EUR or BTC or the BANCOR became world currency the USA will be in trouble (fracking doesn't work forever). Sure there is always the military option for smaller, defenseless countries.

Russia is not one of them.

(having said that, a lot of US products are great and I do not want to live under Russian rule, but the USD being a world currency is extremely unfair and should stop ASAP)

[Trance]

WHY $ USD WILL STAY THE WORLD RESERVE CURRENCY!

[leopard2]

WHY $ USD WILL STAY THE WORLD RESERVE CURRENCY!

Q.

What made the dollar attractive?
A.

It’s simple: there are no good alternatives to the dollar.


Not true anymore, there is hundreds of cryptocoins, each single one could do the job all by itself. Global money supply would fit into BTC, DOGE or even MOON.

Just wait until the first tech-savvy political leader discusses that in public (he may of course have a bad accident) 

[Trance]

WHY $ USD WILL STAY THE WORLD RESERVE CURRENCY!

Q.

What made the dollar attractive?
A.

It’s simple: there are no good alternatives to the dollar.


Not true anymore, there is hundreds of cryptocoins, each single one could do the job all by itself. Global money supply would fit into BTC, DOGE or even MOON.

Just wait until the first tech-savvy political leader discusses that in public (he may of course have a bad accident) 

There WAS a good alternative but the US killed him, Gaddafi and his Gold Dinar + stride to make the EU break away from the USD$!

[troy112]

Oh!! Wow if they take this step, then it would be disaster for all the markets. China would take the chance and start making its currency as reserve. Its already doing it by giving loans to all the countries and buying its bonds.

would love to see what will hapen

[zolace]

If this happens then people need to wise up faster and put there money in alt currency before it even loses more value. Maybe soon a bitcoin buy off panic may happen.

[Dalmar]

Russia is overrated, they are just a banana republic with some nukes. There are much smaller Western European countries that could have a more significant impact on the USD than Russia.

[OROBTC]

...

In the short-term, there is no other currency that could replace the dollar.  Nor are China and Russia serious threats to the USA.  Both have huge problems, both demographic and environmental.

If our country fails, the USA will fail because of its own internal rot.

A reserve currency is not always such a good thing.  Triffin's dilemma...  Must run a trade deficit (loose economic talk here) to keep those $$$ flowing around the world.

China is not willing to take on nor up to the task.

[serenitys]

In the recent years, China has made deals to bypass the USD as a reserve and trade in respective currencies. They struck deals with Russia, Germany, Australia, Brazil, UAE, Iran and a slew of others. China and Russia have in 2012 already agreed to trade in their own currencies instead of the USD.

But, they are for specific and limited use, mostly in green technologies and future tech which is very telling about China's intentions.

The rest of the world leaders/countries are more like the wife who has finally gotten fed up with her abusive bully husband and starting to take measures to protect herself, fight back, and ultimately abandon him altogether while the US hubby is still obliviously demanding she bring him another beer.

Meanwhile, the kids are passing around the bitcoin and things are looking shaky for US.

It's not hard to picture a scenario where the agreements made are extended and other currencies are adopted, forcing out the USD and driving down its value, and adopting a virtual currency alongside it.

I don't necessarily see the end of America in The Walking Dead style (but as a TWD fan, a girl can hope) but what I do see is a trend of the rest of the world maneuvering the USA into a corner...it will be forced to adopt or crash. The rest of the world is focusing on the future technologies, digital realities, education, science, etc. while bully USA still wants to do things old school, puritanistic, ass backwards, overly religious, repressive and violent. Gradually, the rest of the world is building UP and easing out of its dependency on the USD for anything.

The US government will definitely do what it does best and make irrational attempts to ban, bully and control until it is forced to realize, to coin a phrase, "aint nobody got time for dat"...and it loses ground.

When the rest of the world, and underground use of virtual currency shifts the wealth for real, the USG will be turned upside down and if it doesn't comply, it goes away...because even Americans are increasingly rendering the USG irrelevant because frankly, we've all had just about enough of the us government's shit.