miztaziggy (OP)
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July 21, 2014, 04:47:25 PM |
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*Image Removed*
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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leex1528
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July 21, 2014, 04:54:05 PM |
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Interesting article and claims I think the guy isn't very intelligent though.
I don't see the dollar coming to an end for at least another 70+ years. The claims the guy making are based on history which isn't a terrible thing to base it on. But judging from 70 years ago today the world is a completely different place and anything related to money then holds little value to what we have today.
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Demille
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July 21, 2014, 04:59:37 PM |
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Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.
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Baitty
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July 21, 2014, 05:00:19 PM |
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Most of us will probably not be alive when the dollar collapses so it's not going to make much difference to us.
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Currently held as collateral by monbux
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haploid23
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July 21, 2014, 05:09:08 PM |
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How is this a bitcoin discussion, when it relates to the dollar? Probably should move to off-topic.
Anyways there are a lot of signs of the collapse of the dollar. Several nations are circumventing using the dollar as the standard for trade. The US is also printing like crazy right now because we have been through several QE. How long do you think the debt ceiling can rise before it defaults?
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banque
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July 21, 2014, 05:11:05 PM |
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It already collapsed
1971 Milk .51 cents Gal USD in USA on gold standard
1971 Nixon Leaves Gold Standard
2014 Milk 4.50 Gal USD compare that to .0072 btc
People gonna love BTC and low numbers
Wow milk is only .00000001 btc soon
haha
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cbeast
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Let's talk governance, lipstick, and pigs.
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July 21, 2014, 05:12:20 PM |
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Interesting article and claims I think the guy isn't very intelligent though.
I don't see the dollar coming to an end for at least another 70+ years. The claims the guy making are based on history which isn't a terrible thing to base it on. But judging from 70 years ago today the world is a completely different place and anything related to money then holds little value to what we have today.
They call them revolutions because average people don't see them coming. I like his terse writing style, it's refreshing. He does tend to use run on sentences. I agree with much of what he says, especially about Bitcoin becoming a reserve currency.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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leex1528
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July 21, 2014, 05:16:48 PM |
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They call them revolutions because average people don't see them coming. I like his terse writing style, it's refreshing. He does tend to use run on sentences.
I agree with much of what he says, especially about Bitcoin becoming a reserve currency.
Yeah don't get me wrong, he made a lot of great points in there...However I will say that I don't believe he is 100% correct in trying to predict what will happen to the dollar. I think bitcoin is around to stay...I don't have the high claims of it will be around 100,000 per bitcoin(hey I would love to be wrong on that one) but I think it will stabilize, more and more companies will start accepting it and hopefully I will continue to collect a lot of good coin:)
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banque
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July 21, 2014, 05:18:28 PM |
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I've said for almost 40 years now the USD isn't a fiat currency it's the Worlds Police Nuke Dollar
USA has big nuke stick and it polices the world.
Now Russia and China have big nuke sticks too, but both governments suck worse than the USA's
How about btc relocates to cayman islands
Then btc can have an area off limits to US police powers.
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Gleb Gamow
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July 21, 2014, 05:21:08 PM |
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I also believe central banks may include cyber-currencies (such as bitcoin) in their reserves. I'll go one better: I believe central banks WILL include cryptocurrencies (plural) in their reserves (plural). Make no mistake, behind the scenes the powers that be are formulating systems to make bank (pun intended) on this newfangled experimental money thingie (Bitcoin, et al.) seeing how they can fatten their wallets further, thus allowing the Twins to test the waters. I say in less than 5 years we'll see existing and start-up companies creating regulated pre-mined altcoins for the sole purpose of generating funding, with said alts traded similarly to how stocks and commodities are traded today. That one key difference is that the altcoins/stocks/shares can be bought/sold/traded sans any exchange of which they'll also be located on, something that's a bit difficult to do with common stocks. Can you say CC*Trade Financial Corporation (purhaps styled CC*TRADE)? Them guys aren't goin' to miss the boat on this next wave, let alone the new guys entering the market directly outta Harvard, Yale, and...wait for it...MIT.
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johnd7
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July 21, 2014, 05:21:25 PM |
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It's good to see usd melting against btc everyday. I invest my usd in btc i know it will rise.
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thepenmen22
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July 21, 2014, 05:41:21 PM |
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Meh, I still think it's going to take a while for the dollar to die out. Before that even happens, a new currency has to start. Sure we can use online things like bitcoins, but people still like to carry around hard money. It's almost a sort of prize for them for working and earning that money. You can't carry money if you just have bitcoins.
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jjc326
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July 21, 2014, 05:47:33 PM |
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I think there are two different ideas people have when talking about "death of the dollar." One is that it will lose its status as being used for most transactions around the world. The second is that it's use will become obsolete due to something like Bitcoin, or going to a barter economy.
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franky1
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July 21, 2014, 06:37:35 PM |
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I think there are two different ideas people have when talking about "death of the dollar." One is that it will lose its status as being used for most transactions around the world. The second is that it's use will become obsolete due to something like Bitcoin, or going to a barter economy.
yep BRICS are thinking of taking over the reserve currency part and bitcoin can take over the paypal/visa/mastercard part, well maybe if they raise the block limit to 5mb and have a 2 minute blocktime with only 5btc per block (to keep things even) giving bitcoin 25x more transactions per second possibility (was 7 could be 175)
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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DjPxH
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July 21, 2014, 06:40:04 PM |
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It already collapsed
1971 Milk .51 cents Gal USD in USA on gold standard
1971 Nixon Leaves Gold Standard
2014 Milk 4.50 Gal USD compare that to .0072 btc
People gonna love BTC and low numbers
Wow milk is only .00000001 btc soon
haha
Well I wouldn't exactly call this 'failed'. It's just good old inflation. Happens. The wages also increased over time. But hey, if you're right we could swim in milk all day long. Poor cows!
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
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BitcoinLlama
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July 21, 2014, 06:40:19 PM |
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The dollar could not be world reserve currency between tomorrow and whenever, so maybe one day.
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InwardContour
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July 21, 2014, 07:05:58 PM |
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It's good to see usd melting against btc everyday. I invest my usd in btc i know it will rise.
This is why most of us is here, hoping btc will replace dollar. If the growth continues exponentially like in the last years, our dreams will come true.
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Honeypot
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July 21, 2014, 07:10:42 PM |
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All of you against the dollar, pour it into my bank account now. I am calling you out and prove it with your actions that you truly believe dollar is going down the drain, and you are willing to back up your stance instead of slinking back again when things don't turn out the way you want them to.
No? Why do you want to hold a bunch of worthless papers?
BTC won't replace anything - it will be replaced itself by something else.
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DjPxH
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July 21, 2014, 07:11:27 PM |
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It's good to see usd melting against btc everyday. I invest my usd in btc i know it will rise.
This is why most of us is here, hoping btc will replace dollar. If the growth continues exponentially like in the last years, our dreams will come true. Yeah, but it won't happen. No growth can be sustained forever! Also, I believe it's a tad delusional to think that bitcoin will actually replace the dollar. I guess it'll find it's place somewhere alongside regular FIAT currencies and the current banking system.
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
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cbeast
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Let's talk governance, lipstick, and pigs.
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July 21, 2014, 07:19:19 PM |
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All of you against the dollar, pour it into my bank account now. I am calling you out and prove it with your actions that you truly believe dollar is going down the drain, and you are willing to back up your stance instead of slinking back again when things don't turn out the way you want them to.
Sorry, we're pouring it into Bitcoin. Try trolling those nice Dogecoin or Litecoin folks.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Yakamoto
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July 21, 2014, 10:15:05 PM |
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All of you against the dollar, pour it into my bank account now. I am calling you out and prove it with your actions that you truly believe dollar is going down the drain, and you are willing to back up your stance instead of slinking back again when things don't turn out the way you want them to.
Sorry, we're pouring it into Bitcoin. Try trolling those nice Dogecoin or Litecoin folks. Heh, that was a really good response to that statement. How is it now obvious the dollar is set to collapse? Everything is in place, all we need are for countries to start realizing that the dollar is worthless (Which is already happening, some countries' banks are pouring their USD into gold) and send it back to the US, causing a massive deflationary cycle and the collapse of the dollar. Most countries buying gold are either; 1) Morons, cause the dollar will "NEVER" collapse 2) Building up other ways to store value 3) Trying to find a way to maintain value through a dollar collapse So it is very possible that they are doing any of the mentioned scenarios, but I believe that it has to do with the look of the dollar right now.
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thezerg
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July 21, 2014, 10:40:37 PM |
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I think there are two different ideas people have when talking about "death of the dollar." One is that it will lose its status as being used for most transactions around the world. The second is that it's use will become obsolete due to something like Bitcoin, or going to a barter economy.
Yes, since the dollar is not actually alive obviously this term is used as hyperbole. I think that most people predicting the "death of the dollar" are actually taking about a short period of significant super-exponential value loss or by a similar reduction in use world-wide. Basically if you went on vacation for a few weeks, you'd come back to a thing still called the "dollar" but in practice it would be a totally different beast. Since QE has basically had the effect of backing USD with mortgages, in the case of an international "run" on dollars the US Federal Reserve will be left with the unenviable position of choosing to let the value of the dollar fall dramatically or choosing to sell all those mortgages to overseas investors. But of course there will be less value-in-houses available than dollars printed b/c organizations like the Fed and the govt do not produce value. So it is more likely that the FED will have redeem a lot more dollars for the backing mortgages -- that is, a sudden loss of dollar purchasing power and massive paper profits for the FED which by law will go to the US government to pay off the deficit. The big losers in this game will be everyone with USD-denominated instruments, including salaries, and the big winners will be USD-denominated liabilities (mortgages for example).
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hyperdimension
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July 21, 2014, 11:16:13 PM |
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Bitcoin coming a begining.
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galbros
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July 22, 2014, 12:31:45 AM |
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I finally had a chance to read this today and I thought it was a nice article. I'm not sure the dollar is doomed but it was nice to see bitcoin get a shout out towards the end of the article.
While it is clear that commerce is moving away from the USD, it is less clear what it is moving towards. Maybe we are looking at no reserve currency, after all the RMB isn't even freely convertible yet.
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polynesia
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July 22, 2014, 12:55:20 AM |
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The BRIC nations do hold vast reserves in dollars. So they do have a vested interest in ensuring that the dollar does not decline. The decline of the dollar, if it does happen, will happen very gradually.
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fran2k
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July 22, 2014, 11:40:13 AM |
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I also believe central banks may include cyber-currencies (such as bitcoin) in their reserves. I'll go one better: I believe central banks WILL include cryptocurrencies (plural) in their reserves (plural). Make no mistake, behind the scenes the powers that be are formulating systems to make bank (pun intended) on this newfangled experimental money thingie (Bitcoin, et al.) seeing how they can fatten their wallets further, thus allowing the Twins to test the waters. I say in less than 5 years we'll see existing and start-up companies creating regulated pre-mined altcoins for the sole purpose of generating funding, with said alts traded similarly to how stocks and commodities are traded today. That one key difference is that the altcoins/stocks/shares can be bought/sold/traded sans any exchange of which they'll also be located on, something that's a bit difficult to do with common stocks. Can you say CC*Trade Financial Corporation (purhaps styled CC*TRADE)? Them guys aren't goin' to miss the boat on this next wave, let alone the new guys entering the market directly outta Harvard, Yale, and...wait for it...MIT. Companies are already doing that.
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arbitrage001
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July 22, 2014, 11:57:49 AM |
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Most of us will probably not be alive when the dollar collapses so it's not going to make much difference to us.
Actually, if you are still in adult age, you will most likely still be alive to see the next great war. For those who are 60+, they may be lucky and be gone before that happen.
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leex1528
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July 22, 2014, 12:38:46 PM |
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Actually, if you are still in adult age, you will most likely still be alive to see the next great war.
For those who are 60+, they may be lucky and be gone before that happen.
I think even the people who are 60+ will see a big war before they die.... Things are not exactly looking the greatest right now
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Daniel91
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July 22, 2014, 12:56:21 PM |
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The BRIC nations do hold vast reserves in dollars. So they do have a vested interest in ensuring that the dollar does not decline. The decline of the dollar, if it does happen, will happen very gradually.
Yes I agree with this. I think not just dollar as currency but whole USA economy is loosing top position in world market and very soon China will replace USA on the top. In the future I think that BRIC nations will lead the world because of their resources and human power.
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cr1776
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July 22, 2014, 01:34:17 PM |
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It already collapsed
1971 Milk .51 cents Gal USD in USA on gold standard
1971 Nixon Leaves Gold Standard
2014 Milk 4.50 Gal USD compare that to .0072 btc
People gonna love BTC and low numbers
Wow milk is only .00000001 btc soon
haha
Well I wouldn't exactly call this 'failed'. It's just good old inflation. Happens. The wages also increased over time. But hey, if you're right we could swim in milk all day long. Poor cows! Inflation happens with fiat (non-backed) currencies. Until FDR started and later Nixon finished taking the US off the gold standard, it didn't just happen. That is one advantage of bitcoin - there is no stealth tax taking money from you and giving it to politicians and other powerful people.
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Yakamoto
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July 22, 2014, 02:42:36 PM |
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Most of us will probably not be alive when the dollar collapses so it's not going to make much difference to us.
Actually, if you are still in adult age, you will most likely still be alive to see the next great war. For those who are 60+, they may be lucky and be gone before that happen. I'd debate the possibility of that. Mostly because the US is going down the hole, how in the world would they be able to go and fund a large war of any kind? They're also decreasing their military spending and sending the MRAAPS or whatever they are (I'm Canadian so I only see this stuff here and there) to local police forces. If anything, they're expecting a civil war, not a large international war. Ukraine won't have anything come out of it. It was the same for Syria, then North Korea, then and still currently Ukraine, and then Iran. It will be covered, big speeches assuring American freedom and #1 country safety and international investigations, then it will slowly fade from the news unless something else happens (Like MH17, Ukraine was almost out of the air waves and Iran was taking it's place) that causes more hype. There may very well be another war, but it won't be a nukefest or total war (Well, it could); it will be smaller wars or civil wars. Just my opinion.
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LostDutchman
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July 22, 2014, 02:49:57 PM |
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You know how I would handle things like the Middle East conflict and all that shit in the Balkans?
Given the power, I'd set arbitrary boundaries and tell the goofy bastards to fight it out but if they make one step outside of the boundaries, I'd fry their asses with the worst sort of weaponry imaginable short of nukes.
If they got nukey with things I'd turn the whole place into glass for the betterment of the rest of the world.
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oceans
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August 01, 2014, 04:11:31 PM |
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The dollar still has a long time left yet regardless of the situation now. 70+ years sounds about right for how long it has left to be honest however what is to say anything will replace it? 70+ years is a long time yet and we never know what kind of currencies may be available then.
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fdiini
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August 01, 2014, 05:47:08 PM |
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We live in the modern and information age. Everything will happen faster the government able to respond. If you think it will take 70 years for it to end, it will probably happen in 10 years or so.
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theonewhowaskazu
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August 01, 2014, 08:47:43 PM |
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I think what everybody is expecting is that suddenly there will be some gigantic collapse of the dollar and boom everything dies suddenly people have a hard time buying food and somehow BTC is priced at $1M per coin.
I don't think that's whats going to happen.
I think there's going to be a deflationary spiral first, a crash in things like Gold & even potentially foreign currencies, maybe even BTC. This could be caused by many things considering how fragile everything is, but I'm willing to bet some big financial entity will go bust, that will start it. People will get used to working with few $s because there won't be many of them around to work with because we're in deflation. But the government doesn't like deflation, so it will buy up all the bad assets, effectively serving to forgive lots of debts. When those debts are forgiven, then there won't be any guaranteed demand for USD, and with the inherent shortage of everything caused in the time just after a crash, THAT'S what will cause the hyperinflation. Because, recessions are like a bubble, in the value off money, that's what deflation is. Like all bubbles, money bubbles pop. Only, since we're using USD, with no value, that bubble never needs to revert to the mean; the mean is 0.
That's how the dollar will end, probably. And it probably will take at least 8 years before the deflationary phase, and 2 years in the deflationary phase before hyperinflation starts.
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polynesia
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August 02, 2014, 08:01:46 AM |
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That's how the dollar will end, probably. And it probably will take at least 8 years before the deflationary phase, and 2 years in the deflationary phase before hyperinflation starts.
That is 10 years for our elected representatives to fix the system. Hope they don't screw up things for that long.
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yunkie
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August 02, 2014, 03:40:23 PM |
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Yeah you cant beat fiat currencies.
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ApexEvo
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🌟 æternity🌟 blockchain🌟
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August 03, 2014, 10:46:45 AM |
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There are more and more econmists that warns about possible collapse of dollar, and it looks like american economy doesnt have very bright future... also it seems like Russia with China and India, would be more than happy if dollar colapse, and it looks like they already strated doing some steps to help with it.
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polynesia
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August 03, 2014, 12:44:58 PM |
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There are more and more econmists that warns about possible collapse of dollar, and it looks like american economy doesnt have very bright future... also it seems like Russia with China and India, would be more than happy if dollar colapse, and it looks like they already strated doing some steps to help with it.
They have started taking steps to reduce dependence on the dollar. Looking at the amount of dollars they hold, it would be a disaster for them if the dollar collapses overnight.
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JessyMatt
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August 04, 2014, 07:03:48 PM |
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That is not new news. The BRICK (Brazil, Russia, India, China, South Africa) just opened the largest bank to facilitate exchanges in currencies other than the dollar. UK just signed the largest trade deal with China...Usually, those will be done using USD but will be using China's Renminbi for the first time. Russia also signed the largest energy bill with China and they will be using Renminbi and Russian ruble! The dollar is DONE!
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moko666
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August 04, 2014, 07:06:00 PM |
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i don't think so
it won't happen ever
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giveBTCpls
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August 04, 2014, 10:57:03 PM |
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i don't think so
it won't happen ever
FIATs have come and gone through history countless times. Of course the dollar ending means the empire ending. I don't see this happening anytime soon.
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Yakamoto
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August 05, 2014, 12:12:40 AM |
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i don't think so
it won't happen ever
FIATs have come and gone through history countless times. Of course the dollar ending means the empire ending. I don't see this happening anytime soon. You'd be surprised how fast it may be coming to an end. 2nd fattest country, large unemployment, massive debt that is about 200 trillion after commitments and other benefits are paid (With a current 17 trillion in "active" debt), populace unwilling to work, lots of the country on food stamps and welfare, immigrants coming across the border to take jobs, goofy government, enemies everywhere, etc. I can see the fall start happening in 25 years, but the entire collapse would take about 12 years. So you should have time to get out...
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polynesia
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August 05, 2014, 01:52:53 AM |
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i don't think so
it won't happen ever
FIATs have come and gone through history countless times. Of course the dollar ending means the empire ending. I don't see this happening anytime soon. You'd be surprised how fast it may be coming to an end. 2nd fattest country, large unemployment, massive debt that is about 200 trillion after commitments and other benefits are paid (With a current 17 trillion in "active" debt), populace unwilling to work, lots of the country on food stamps and welfare, immigrants coming across the border to take jobs, goofy government, enemies everywhere, etc. I can see the fall start happening in 25 years, but the entire collapse would take about 12 years. So you should have time to get out... 100 years ago, Great Britain was supreme. It was quickly surpassed by the US. It wouldn't take long for the balance to tilt again.
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twiifm
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August 05, 2014, 02:05:56 AM |
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i don't think so
it won't happen ever
FIATs have come and gone through history countless times. Of course the dollar ending means the empire ending. I don't see this happening anytime soon. You'd be surprised how fast it may be coming to an end. 2nd fattest country, large unemployment, massive debt that is about 200 trillion after commitments and other benefits are paid (With a current 17 trillion in "active" debt), populace unwilling to work, lots of the country on food stamps and welfare, immigrants coming across the border to take jobs, goofy government, enemies everywhere, etc. I can see the fall start happening in 25 years, but the entire collapse would take about 12 years. So you should have time to get out... 100 years ago, Great Britain was supreme. It was quickly surpassed by the US. It wouldn't take long for the balance to tilt again. Doesn't mean GBP came to an end or collapsed. Just replaced as the world reserve
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Yakamoto
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August 05, 2014, 03:06:46 AM |
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i don't think so
it won't happen ever
FIATs have come and gone through history countless times. Of course the dollar ending means the empire ending. I don't see this happening anytime soon. You'd be surprised how fast it may be coming to an end. 2nd fattest country, large unemployment, massive debt that is about 200 trillion after commitments and other benefits are paid (With a current 17 trillion in "active" debt), populace unwilling to work, lots of the country on food stamps and welfare, immigrants coming across the border to take jobs, goofy government, enemies everywhere, etc. I can see the fall start happening in 25 years, but the entire collapse would take about 12 years. So you should have time to get out... 100 years ago, Great Britain was supreme. It was quickly surpassed by the US. It wouldn't take long for the balance to tilt again. Doesn't mean GBP came to an end or collapsed. Just replaced as the world reserve Which was shocking for the GBP and caused a lot of problems for a while. Dethroning of a currency isn't just "Oh something else is now valued as '1'". It causes lots of problems for the currency because value will likely drop, as well as everyone having to calibrate their currencies to the new rate. Britian wasn't doing so well when it was taken off the reserve. In today's day and age, that shift could possibly be catastrophic.
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johnd7
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August 05, 2014, 04:47:09 AM |
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If Bitcoin continue grows this can be true.
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Possum577
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August 05, 2014, 05:19:13 AM |
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What currency would take its place immediately?
I know BTC works for us but the World's governments aren't going to just adopt it...
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leex1528
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August 05, 2014, 03:14:21 PM |
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For those of you who think the dollar is coming to an end ,I will gladly trade you all my bitcoins for dollars, well over the exch rate:)
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Yakamoto
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August 05, 2014, 03:19:39 PM |
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What currency would take its place immediately?
I know BTC works for us but the World's governments aren't going to just adopt it...
Probably the Chinese Yuan. Yeah, the governments aren't just going to accept Bitcoin being placed as the reserve. It will be far more lengthy and complex to get it to the status, unless the change happens a long time in the future. Bitcoin would have to be pretty widely accepted at that point. For those of you who think the dollar is coming to an end ,I will gladly trade you all my bitcoins for dollars, well over the exch rate:)
Alright. We'll see how much your dollars are worth later.
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leex1528
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August 05, 2014, 03:40:27 PM |
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Alright. We'll see how much your dollars are worth later.
They would be spent, so they would be worth nothing:) I am trying to pay off my student loans so I don't have to pay them off the next 20 years of my damn life..
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aminorex
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August 07, 2014, 06:19:37 AM |
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Alright. We'll see how much your dollars are worth later.
They would be spent, so they would be worth nothing:) I am trying to pay off my student loans so I don't have to pay them off the next 20 years of my damn life.. You would almost certainly be better off carrying them and buying bitcoin instead.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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wealthy$
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August 08, 2014, 11:53:26 AM |
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it does not really mean anything to me, so far is not bitcoin.
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leex1528
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August 08, 2014, 12:20:05 PM |
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You would almost certainly be better off carrying them and buying bitcoin instead.
You have no idea just as much as I have no idea:) Plus paying off loans early you save so much money in interest... What if the US decides to tax the crap out of Bitcoins in the future, what if BTC plummets to less than a dollar per BTC. When I am pumping money into my loans and paying them off early it is the only thing guaranteed to save me money.
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Yakamoto
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August 08, 2014, 01:54:31 PM |
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You would almost certainly be better off carrying them and buying bitcoin instead.
You have no idea just as much as I have no idea:) Plus paying off loans early you save so much money in interest... What if the US decides to tax the crap out of Bitcoins in the future, what if BTC plummets to less than a dollar per BTC. When I am pumping money into my loans and paying them off early it is the only thing guaranteed to save me money. It's better to pay off your loans ASAP IMO, Bitcoin can wait. Not to spread fear, but Bitcoin is pretty unpredictable, so everything could go well, or very, very bad. The US can't tax Bitcoins, they can only tax the fiat exchanges. Since Bitcoin is decentralized, and pseudo-anonymous, actually tracking owners would be a pain. A huge pain. And as companies start accepting Bitcoin for basic necessities, they'll have a harder and harder time enforcing taxes on the public...
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Ayers
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August 08, 2014, 02:12:20 PM |
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i think thath bank can maybe come up with their own currency before dollar collapse or bitcoin take off
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polynesia
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August 08, 2014, 02:42:08 PM |
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You would almost certainly be better off carrying them and buying bitcoin instead.
You have no idea just as much as I have no idea:) Plus paying off loans early you save so much money in interest... What if the US decides to tax the crap out of Bitcoins in the future, what if BTC plummets to less than a dollar per BTC. When I am pumping money into my loans and paying them off early it is the only thing guaranteed to save me money. Agree. Leverage is risky. It is better to pay off your loans, and have a small position in bitcoin.
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troisky
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August 08, 2014, 03:56:36 PM |
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they've been saying this for ages now
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Yakamoto
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August 08, 2014, 04:16:48 PM |
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they've been saying this for ages now Yeah, well... It's primed for a collapse. This isn't your standard fear mongering, this is legitimate. The entire economy believes it, and countries are preparing for a collapse of the USD.
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troisky
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August 08, 2014, 04:27:21 PM |
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they've been saying this for ages now Yeah, well... It's primed for a collapse. This isn't your standard fear mongering, this is legitimate. The entire economy believes it, and countries are preparing for a collapse of the USD. yeah but when? thats the thing, we going on liket his for ages.
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Yakamoto
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August 08, 2014, 04:29:28 PM |
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they've been saying this for ages now Yeah, well... It's primed for a collapse. This isn't your standard fear mongering, this is legitimate. The entire economy believes it, and countries are preparing for a collapse of the USD. yeah but when? thats the thing, we going on liket his for ages. Max 20 years. The gravy train is primed to end, and China isn't happy with the USD. Plus, BRICs is launching soon...
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polynesia
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August 09, 2014, 01:26:23 AM |
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they've been saying this for ages now Yeah, well... It's primed for a collapse. This isn't your standard fear mongering, this is legitimate. The entire economy believes it, and countries are preparing for a collapse of the USD. yeah but when? thats the thing, we going on liket his for ages. Max 20 years. The gravy train is primed to end, and China isn't happy with the USD. Plus, BRICs is launching soon... So the US politicians have 20 years to correct this situation. Reasonable time to prevent a crisis, I would say
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pungopete468
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August 09, 2014, 02:50:42 AM |
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It's not going to be an easy 20 years and it will become increasingly difficult as time goes on...
The death of the dollar is would only bad for the USA if it weren't for the fact that many other world powers have adopted the same nonsense. World economies are bound by a form of "natural selection" where the strong survive and the weak perish...
Fiat is like a plague, and the powers of the world voluntarily infected themselves. Now it's up to nature to do what nature does...
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polynesia
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August 09, 2014, 11:31:34 AM |
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It's not going to be an easy 20 years and it will become increasingly difficult as time goes on...
The death of the dollar is would only bad for the USA if it weren't for the fact that many other world powers have adopted the same nonsense. World economies are bound by a form of "natural selection" where the strong survive and the weak perish...
Fiat is like a plague, and the powers of the world voluntarily infected themselves. Now it's up to nature to do what nature does...
Yes, the other world powers have adopted it. Once a barrel of oil stops being denominated in USD, I guess you could say the dollar's hegemony is over.
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picolo
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August 09, 2014, 12:07:38 PM |
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It's not going to be an easy 20 years and it will become increasingly difficult as time goes on...
The death of the dollar is would only bad for the USA if it weren't for the fact that many other world powers have adopted the same nonsense. World economies are bound by a form of "natural selection" where the strong survive and the weak perish...
Fiat is like a plague, and the powers of the world voluntarily infected themselves. Now it's up to nature to do what nature does...
The desmiss of the Dollar will be great for other countries and other currencies because they will not have to pay the price of the US Dollar being the reserve currency; the US will not accept the end of the egemony of the Dollar easily : wars, manipulations and lies will be out but let's hope it won't end up in a nuclear war
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abora
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August 09, 2014, 12:30:24 PM |
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Really captivating write up but the Dollar isn't depreciating that fast.
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Yakamoto
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August 09, 2014, 03:01:28 PM |
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no body in the world can makes dollar collaps all country real money its dollar and gold . not will effect anything .
Wtf is this... Yeah, if you live in the United States, and are using the USD as your main currency, or are on welfare/foodstamps/whatever, the dollar collapsing would be a massive and shock to the populace, as the value with plummet, prices would go up, and most of the world economy would be screwed. China has gold, US has little. Fort Nox isn't loaded like it once was, it's pretty empty now. "Real" money, according to your government, is the paper money. Gold has no place as real money, according to gov'ts. It's just a means of taxation and storing value. The dollar collapsing will affect everything, especially people with a minimal education. Spelling will be a valued trait in the future, especially in America. Judging by the education system, it will continue to be valuable for many years.
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polynesia
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August 10, 2014, 12:16:04 AM |
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no body in the world can makes dollar collaps all country real money its dollar and gold . not will effect anything .
Wtf is this... Yeah, if you live in the United States, and are using the USD as your main currency, or are on welfare/foodstamps/whatever, the dollar collapsing would be a massive and shock to the populace, as the value with plummet, prices would go up, and most of the world economy would be screwed. China has gold, US has little. Fort Nox isn't loaded like it once was, it's pretty empty now. "Real" money, according to your government, is the paper money. Gold has no place as real money, according to gov'ts. It's just a means of taxation and storing value. The dollar collapsing will affect everything, especially people with a minimal education. Spelling will be a valued trait in the future, especially in America. Judging by the education system, it will continue to be valuable for many years. The dollar collapsing will force the US to correct its trade deficit. In the long run, that is probably good for the world.
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Baitty
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August 10, 2014, 01:41:17 AM |
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they've been saying this for ages now Yeah, well... It's primed for a collapse. This isn't your standard fear mongering, this is legitimate. The entire economy believes it, and countries are preparing for a collapse of the USD. yeah but when? thats the thing, we going on liket his for ages. That's the real question I don't think anyone would be able to predict the end of USD and I don't think it's going to be for many many years.
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Currently held as collateral by monbux
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Mobius
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August 10, 2014, 08:22:16 PM |
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they've been saying this for ages now Yeah, well... It's primed for a collapse. This isn't your standard fear mongering, this is legitimate. The entire economy believes it, and countries are preparing for a collapse of the USD. yeah but when? thats the thing, we going on liket his for ages. That's the real question I don't think anyone would be able to predict the end of USD and I don't think it's going to be for many many years. The dollar will not come to an end until long after the US empire comes to an end. Look at England for example; their empire collapsed hundreds of years ago and the British Pound is still very strong and widely used, in fact it is still a major currency.
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Yakamoto
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August 13, 2014, 07:38:20 PM |
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Before dollar will come to an end, everyone will have died then, so it will not affect us.
This is the most naive comment I have ever seen. If you would read a majority of the thread, you would have seen why the dollar will collapse BEFORE you are dead. It will affect you plenty. Please, go read the thread.
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leex1528
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August 13, 2014, 07:40:37 PM |
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This is the most naive comment I have ever seen.
If you would read a majority of the thread, you would have seen why the dollar will collapse BEFORE you are dead. It will affect you plenty.
Please, go read the thread.
The thread has been entire speculation...how is him saying it from a different view point of yours making him naive? I am not supporting his case I just don't see in how seeing a different side other than you is "naive"
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Yakamoto
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August 13, 2014, 07:46:08 PM |
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This is the most naive comment I have ever seen.
If you would read a majority of the thread, you would have seen why the dollar will collapse BEFORE you are dead. It will affect you plenty.
Please, go read the thread.
The thread has been entire speculation...how is him saying it from a different view point of yours making him naive? I am not supporting his case I just don't see in how seeing a different side other than you is "naive" I mean his statement about how everyone will be dead, and it won't affect us. That is the naive part I am referring to. Even if it is speculation, that's like someone saying "A meteorite will be crashing into the earth soon, but we'll all be dead by then, so it wont affect us." I will agree, however, that a majority of the thread is speculation. However, posts like that are just "I'll make a post here..." and they don't have any explanation as to why they think that way.
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leex1528
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August 13, 2014, 09:28:20 PM |
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I mean his statement about how everyone will be dead, and it won't affect us. That is the naive part I am referring to.
Even if it is speculation, that's like someone saying "A meteorite will be crashing into the earth soon, but we'll all be dead by then, so it wont affect us."
I will agree, however, that a majority of the thread is speculation. However, posts like that are just "I'll make a post here..." and they don't have any explanation as to why they think that way.
hmm....Isn't that the point of the forum to make a post if you agree/disagree with something? To have a chat about what you think is right/wrong and to discuss ideas? I guess with your example if someone made a topic of "When will a meteorite crash into earth" and someone posted"It doesn't matter we would be dead anyway" I would say that is a relevant post because it pertains to the topic...he could have maybe gone into more detail about why he thinks that but still...
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GangkisKhan
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August 13, 2014, 11:08:21 PM |
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Dollar value will go down, no doubt. Saying it will end is over exaggerated.
UK lose its empire a hundred years ago and pound is still around.
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bitllionaire
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August 13, 2014, 11:58:12 PM |
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dollar will not die in the short term it is a really valued currency,and the most important is that USA will not let it go down
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Keyara
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August 14, 2014, 02:43:48 AM |
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The reason bitcoin has value is because of the network effect.
USD has even greater network effect than bitcoin. Saying it will come to an end is just brainless.
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Fray
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August 14, 2014, 03:11:52 AM |
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Before dollar will come to an end, everyone will have died then, so it will not affect us.
This is the most naive comment I have ever seen. If you would read a majority of the thread, you would have seen why the dollar will collapse BEFORE you are dead. It will affect you plenty. Please, go read the thread. What is in this thread is mostly speculation and generally not backed up by facts. It would be unprecedented for the dollar to fall from where it is now to "come to an end" in just one generation. The british pound is still a major currency several generations (~300 years) after it's empire collapsed. The greek economy flourished for a long time after it's empire collapsed.
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sergio
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August 14, 2014, 09:26:44 AM |
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I think the dollar is coming to an end very slowly, it will take some more money printing and the government is doing a really good job at killing the dollar. I think the dollar may have a few more decades to go, the thing with the dollar is that it is not based on market economics if it was it would already be dead, it is based on guns and oil, and thats the real reason the Dollar has survived for so long. In future oil prices are going to skyrocket and that will put a dent in the dollar, and then if not BRICS someone else will step up with the guns to challenge the dollar. As oil skyrockets expect a few more wars, as more wars take place the dollar get inflated to fund those wars, as the dollars gets inflated there will be incentives to get out of the dollar, but the dollar is backed by guns so no one gets out, until someone has better guns and then its game over. A true economy can not be backed by guns, and soon as someone else has better guns the economy collapses. When this happens expect Bitcoin to be over $10k, but it is going to get very ugly when the dollar collapses. The reason the Zimbabwe dollar collapsed is that they did not have the guns or oil, only the printing presses.
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sergio
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August 14, 2014, 09:29:32 AM |
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they've been saying this for ages now Yeah, well... It's primed for a collapse. This isn't your standard fear mongering, this is legitimate. The entire economy believes it, and countries are preparing for a collapse of the USD. yeah but when? thats the thing, we going on liket his for ages. When someone else has better guns, then the backing of the dollar is lost, and its game over. It will be a few decades. If it is not BRICS then someone else it is a matter of time. Of course the government could prevent that by stopping the printing presses, but they will not do that.
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johny08
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August 16, 2014, 11:02:34 AM |
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Interesting article and claims I think the guy isn't very intelligent though.
I don't see the dollar coming to an end for at least another 70+ years. The claims the guy making are based on history which isn't a terrible thing to base it on. But judging from 70 years ago today the world is a completely different place and anything related to money then holds little value to what we have today.
not the dollar. its dominance, because of the other strong currencies. its also not saying that its the end of the dollar
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zedicus
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August 16, 2014, 08:03:02 PM |
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Before dollar will come to an end, everyone will have died then, so it will not affect us.
This is the most naive comment I have ever seen. If you would read a majority of the thread, you would have seen why the dollar will collapse BEFORE you are dead. It will affect you plenty. Please, go read the thread. What is in this thread is mostly speculation and generally not backed up by facts. It would be unprecedented for the dollar to fall from where it is now to "come to an end" in just one generation. The british pound is still a major currency several generations (~300 years) after it's empire collapsed. The greek economy flourished for a long time after it's empire collapsed. I would also highly doubt that the dollar will collapse for the very same reasons. I would hope that other currencies like bitcoin would become more commonly use in trade, potentially to levels that would eclipse other major currencies. However it is very difficult to make huge impacts on levels of currency trade.
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picolo
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August 16, 2014, 10:47:26 PM |
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Before dollar will come to an end, everyone will have died then, so it will not affect us.
This is the most naive comment I have ever seen. If you would read a majority of the thread, you would have seen why the dollar will collapse BEFORE you are dead. It will affect you plenty. Please, go read the thread. What is in this thread is mostly speculation and generally not backed up by facts. It would be unprecedented for the dollar to fall from where it is now to "come to an end" in just one generation. The british pound is still a major currency several generations (~300 years) after it's empire collapsed. The greek economy flourished for a long time after it's empire collapsed. I would also highly doubt that the dollar will collapse for the very same reasons. I would hope that other currencies like bitcoin would become more commonly use in trade, potentially to levels that would eclipse other major currencies. However it is very difficult to make huge impacts on levels of currency trade. It is not a question of if the Dollar will collapse but when because it can't not collapse; it could have been saved 20years ago and maybe 10years ago but now the collapse will happen no matter what
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xkeyscore89
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August 17, 2014, 05:37:05 AM |
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Before dollar will come to an end, everyone will have died then, so it will not affect us.
This is the most naive comment I have ever seen. If you would read a majority of the thread, you would have seen why the dollar will collapse BEFORE you are dead. It will affect you plenty. Please, go read the thread. What is in this thread is mostly speculation and generally not backed up by facts. It would be unprecedented for the dollar to fall from where it is now to "come to an end" in just one generation. The british pound is still a major currency several generations (~300 years) after it's empire collapsed. The greek economy flourished for a long time after it's empire collapsed. I would also highly doubt that the dollar will collapse for the very same reasons. I would hope that other currencies like bitcoin would become more commonly use in trade, potentially to levels that would eclipse other major currencies. However it is very difficult to make huge impacts on levels of currency trade. It is not a question of if the Dollar will collapse but when because it can't not collapse; it could have been saved 20years ago and maybe 10years ago but now the collapse will happen no matter what If this is true then it would likely take a very long time, longer then our grandchildren will likely be alive. The precursor for the dollar to collapse would be for the American empire to finish collapsing and even then it would take centuries for the dollar to collapse. However the American empire has really not even started to collapse as of yet.
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zen2
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August 17, 2014, 10:01:15 AM |
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Yeah, but it won't happen. No growth can be sustained forever! Also, I believe it's a tad delusional to think that bitcoin will actually replace the dollar. I guess it'll find it's place somewhere alongside regular FIAT currencies and the current banking system.
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zedicus
Legendary
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Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
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August 17, 2014, 04:59:07 PM |
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Before dollar will come to an end, everyone will have died then, so it will not affect us.
This is the most naive comment I have ever seen. If you would read a majority of the thread, you would have seen why the dollar will collapse BEFORE you are dead. It will affect you plenty. Please, go read the thread. What is in this thread is mostly speculation and generally not backed up by facts. It would be unprecedented for the dollar to fall from where it is now to "come to an end" in just one generation. The british pound is still a major currency several generations (~300 years) after it's empire collapsed. The greek economy flourished for a long time after it's empire collapsed. I would also highly doubt that the dollar will collapse for the very same reasons. I would hope that other currencies like bitcoin would become more commonly use in trade, potentially to levels that would eclipse other major currencies. However it is very difficult to make huge impacts on levels of currency trade. It is not a question of if the Dollar will collapse but when because it can't not collapse; it could have been saved 20years ago and maybe 10years ago but now the collapse will happen no matter what Why do you say this? What is difference now then 20 or 10 years ago? If anything the dollar has become more widely used and stronger when compared to other currencies.
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ajareselde
Legendary
Offline
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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August 17, 2014, 06:09:04 PM |
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Before dollar will come to an end, everyone will have died then, so it will not affect us.
This is the most naive comment I have ever seen. If you would read a majority of the thread, you would have seen why the dollar will collapse BEFORE you are dead. It will affect you plenty. Please, go read the thread. What is in this thread is mostly speculation and generally not backed up by facts. It would be unprecedented for the dollar to fall from where it is now to "come to an end" in just one generation. The british pound is still a major currency several generations (~300 years) after it's empire collapsed. The greek economy flourished for a long time after it's empire collapsed. I would also highly doubt that the dollar will collapse for the very same reasons. I would hope that other currencies like bitcoin would become more commonly use in trade, potentially to levels that would eclipse other major currencies. However it is very difficult to make huge impacts on levels of currency trade. It is not a question of if the Dollar will collapse but when because it can't not collapse; it could have been saved 20years ago and maybe 10years ago but now the collapse will happen no matter what Why do you say this? What is difference now then 20 or 10 years ago? If anything the dollar has become more widely used and stronger when compared to other currencies. Yeah, but the buying power of a dollar has decreased insanely: Its that much more insane that bitcoin doesnt have more support from those searching for ideal store of value.
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zimmah
Legendary
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Activity: 1106
Merit: 1005
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August 17, 2014, 09:23:32 PM |
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Yeah, but it won't happen. No growth can be sustained forever! Also, I believe it's a tad delusional to think that bitcoin will actually replace the dollar. I guess it'll find it's place somewhere alongside regular FIAT currencies and the current banking system.
Whenever a major currency/economy collapses this will be the first time an acceptable alternative has presented itself. Trust in fiat will be low once the dollar or other major currency falls, I'm pretty sure bitcoin will see a huge boost when this happens. It may not become the official currency but it will still become a major currency that you would not really want to be without.
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KarmaShark
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August 17, 2014, 10:07:10 PM |
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It will take some time yet before the US Dollar comes to an end. What we are witnessing right now with the BRICS movement is the official "The Good Days are Over" swan song being played by the orchestra. How the US reacts to this inevitability is what interests me the most right now.
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blumangroup
Sr. Member
Offline
Activity: 350
Merit: 250
'Slow and steady wins the race'
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August 18, 2014, 12:32:27 AM |
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Currently, the dollar is simply too big to fail. It's an interesting article though, for sure!
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pungopete468
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August 18, 2014, 07:03:54 AM |
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Currently, the dollar is simply too big to fail. It's an interesting article though, for sure!
Who can bail out the dollar? Too big to fail means it will be bailed out in the event of a failure; so who would bail the dollar out?
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. ..1xBit.com Super Six.. | ▄█████████████▄ ████████████▀▀▀ █████████████▄ █████████▌▀████ ██████████ ▀██ ██████████▌ ▀ ████████████▄▄ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ▀██████████████ | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | . Premier League LaLiga Serie A | . Bundesliga Ligue 1 Primeira Liga | | . ..TAKE PART.. |
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catlinhappy
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August 18, 2014, 08:34:58 AM |
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Dollar dominance is actually been affected by the strong economic booming from the eastern countries like china. This people are also thinking of doing international businesses with their local currencies because people all over the world now patronizes their manufactured products.
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MightyBTC
Member
Offline
Activity: 87
Merit: 10
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August 26, 2014, 04:28:39 PM |
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How come dollar would come to an end?Either dollar come to and end or not stupidity must come to an end
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negafen
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August 26, 2014, 04:36:26 PM |
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Coming to an end is overly exaggerated.
Losing the reserve currency status and a large portion of the value are not the end of the world.
In fact, it will help US to start fresh rather than keep defending the empire which will eventually fall apart. British Empire, was actually smart to let countries become independent as the cost of managing them outweigh the economic benefit.
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spazzdla
Legendary
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Activity: 1722
Merit: 1000
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August 26, 2014, 04:43:47 PM |
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Just as rome could and would never ever fail..
They started shrinking their borders... letting lands they controlled go..
Russia and the BRICs no longer are under any sort of ecom control from Merica and friends.
Iran is starting to bypass the USD, the US did not invade.
They have completely lost control of Iraq.
They could not pressure Ukraine into their bidding.
Their out skirts are crumbling...
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realdope
Member
Offline
Activity: 70
Merit: 10
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August 27, 2014, 11:55:10 AM |
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I hope it fucking crashes for all i care. This shits disguting.
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waterpile
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August 27, 2014, 12:55:43 PM |
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This is more worst than the end of the world prediction. such an unrealistic idea
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exocytosis
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August 27, 2014, 02:13:21 PM |
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The USD will still be in circulation long after BTC has dropped to twenty cents.
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mustang77
Newbie
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Activity: 56
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August 27, 2014, 03:38:24 PM |
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The USD will still be in circulation long after BTC has dropped to twenty cents.
Check this delusional man right there.
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botany
Legendary
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Activity: 1582
Merit: 1064
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August 27, 2014, 04:31:20 PM |
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The USD will still be in circulation long after BTC has dropped to twenty cents.
I think there are enough people who will bet their net worth on bitcoins when it reaches single digits in USD. So unfortunately, BTC ain't gonna drop to 20 cents.
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virtfund
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August 27, 2014, 10:25:13 PM |
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The dollar is in a slow decline that I doubt will be stopped because nobody seems to care enough to do what has to be dont to stop it. America is going downhill for sure.
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Damnyo
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August 27, 2014, 10:48:50 PM |
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USD and EUR = FUBAR in 2050
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picolo
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August 29, 2014, 03:25:32 PM |
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The dollar is in a slow decline that I doubt will be stopped because nobody seems to care enough to do what has to be dont to stop it. America is going downhill for sure.
The debts are big and nations start using other means of trade than dollars
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giveBTCpls
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August 30, 2014, 09:47:25 PM |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then.
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jjacob
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Merit: 1026
★Nitrogensports.eu★
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August 31, 2014, 12:03:45 PM |
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The dollar is in a slow decline that I doubt will be stopped because nobody seems to care enough to do what has to be dont to stop it. America is going downhill for sure.
The rest of the world (who have large reserve holdings, in their reserves) seem to be more concerned about the USD, than America itself.
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Kickstart4
Member
Offline
Activity: 67
Merit: 10
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August 31, 2014, 08:05:51 PM |
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Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.
Yeah,dollars and fiats have a long life still while anything could replace them.They could loose their weight but not disappear
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Skavenger
Newbie
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Activity: 28
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September 01, 2014, 04:26:57 PM |
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I'll drink champagne when fiats collapse.
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jjacob
Legendary
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Activity: 1554
Merit: 1026
★Nitrogensports.eu★
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September 01, 2014, 04:30:07 PM |
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I'll drink champagne when fiats collapse.
Paid for with bitcoin?
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Soccruo
Member
Offline
Activity: 83
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September 01, 2014, 05:20:33 PM |
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Dollar will coexist with bitcoins in the future, but it won't be replaced by a criptocurrency.
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AnswerQuestion
Full Member
Offline
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Merit: 100
777Coin.com★ Fun BTC Casino!
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September 01, 2014, 08:53:19 PM |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then. I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment.
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pikabit
Member
Offline
Activity: 70
Merit: 10
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September 05, 2014, 06:38:53 PM |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then. I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment. If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism.
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jjacob
Legendary
Offline
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
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September 05, 2014, 06:47:13 PM |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then. I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment. If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism. 30 years... The temptation to sell each time an All Time High is reached will be great.
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master-P
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September 06, 2014, 06:30:22 AM |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then. I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment. If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism. During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time.
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picolo
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September 06, 2014, 11:40:39 AM |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then. I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment. If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism. During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time. Most people would sell some after x10 and then after x2 ect. Maybe you can imagine a system where a third party won't give you back your bitcoin or safe deposit box where your paper wallet is for a set number of years but you would take a counter party risk
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clovex
Member
Offline
Activity: 70
Merit: 10
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September 06, 2014, 03:17:00 PM |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then. I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment. If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism. During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time. Whats the problem? you can buy with BTC directly, it will be accepted worth wide, no need to "cash out"
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furlong
Member
Offline
Activity: 69
Merit: 10
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September 06, 2014, 04:24:08 PM |
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Both EUR and USD are going down, is set in stone.
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wasserman99
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September 06, 2014, 09:14:42 PM |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then. I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment. If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism. During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time. Whats the problem? you can buy with BTC directly, it will be accepted worth wide, no need to "cash out" I would say the problem is that you can not spend this bitcoin on things like a car or any other goods/services that you would otherwise want to buy while you are waiting for the price to appreciate over this 30 year period.
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jjacob
Legendary
Offline
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
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September 07, 2014, 05:45:09 AM |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then. I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment. If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism. During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time. Whats the problem? you can buy with BTC directly, it will be accepted worth wide, no need to "cash out" I would say the problem is that you can not spend this bitcoin on things like a car or any other goods/services that you would otherwise want to buy while you are waiting for the price to appreciate over this 30 year period. I am waiting for the day BTC-denominated investments are easily available. Then just put your bitcoins into a low-risk instrument for 30 years.
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tooil
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September 08, 2014, 01:54:09 AM |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then. I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment. If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism. During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time. Whats the problem? you can buy with BTC directly, it will be accepted worth wide, no need to "cash out" I would say the problem is that you can not spend this bitcoin on things like a car or any other goods/services that you would otherwise want to buy while you are waiting for the price to appreciate over this 30 year period. I am waiting for the day BTC-denominated investments are easily available. Then just put your bitcoins into a low-risk instrument for 30 years. There are many btc-denominated investments available on security forum. Problem is most of them are borderline scam or run by inexperience operators.
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snappa4ever
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September 08, 2014, 02:26:07 AM |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then. I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment. If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism. During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time. Whats the problem? you can buy with BTC directly, it will be accepted worth wide, no need to "cash out" I would say the problem is that you can not spend this bitcoin on things like a car or any other goods/services that you would otherwise want to buy while you are waiting for the price to appreciate over this 30 year period. I am waiting for the day BTC-denominated investments are easily available. Then just put your bitcoins into a low-risk instrument for 30 years. There are many btc-denominated investments available on security forum. Problem is most all of them are borderline scam or run by inexperience operators. FIFY I would highly recommend against "investing" your money in anything in the securities section of the forum. You are just asking to lose your money if you do this. I think it would be a better bet to put your money in something like bitfinex swaps and renew the swaps when they expire. You should remember to periodically monitor them to make sure there are no signs of trouble.
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Bitzkrieg
Full Member
Offline
Activity: 150
Merit: 100
------bitcoiner@heart.email
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September 08, 2014, 12:46:34 PM |
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Why is it that many of the people here wants dollar dead?
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Ringumbau
Newbie
Offline
Activity: 42
Merit: 0
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September 08, 2014, 03:01:10 PM |
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Why is it that many of the people here wants dollar dead?
It is normal to hate rigged scam systems, like the USD and EUR ones.
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botany
Legendary
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Activity: 1582
Merit: 1064
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September 08, 2014, 03:19:00 PM |
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Why is it that many of the people here wants dollar dead?
Because that is very good for bitcoin?
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mllenios
Full Member
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Activity: 154
Merit: 100
PAMINTA 101
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September 09, 2014, 05:56:36 AM |
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Why is it that many of the people here wants dollar dead?
Because that is very good for bitcoin? There are a lot of factors to consider. How about the people with no btc? Dollars downfall will create chaos for sure.
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SW725
Member
Offline
Activity: 81
Merit: 10
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September 09, 2014, 06:16:31 AM |
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Why is it that many of the people here wants dollar dead?
Because that is very good for bitcoin? There are a lot of factors to consider. How about the people with no btc? Dollars downfall will create chaos for sure. World war 3 might happen if dollar will fall.
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Champ92
Member
Offline
Activity: 112
Merit: 10
☯YIN YANG KING☯
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September 09, 2014, 03:55:40 PM |
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Why is it that many of the people here wants dollar dead?
Because that is very good for bitcoin? maybe 40% of the bitcoin users wants to incash their btc. Why do they want it to be dead?
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realbtcdealers4real
Newbie
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Activity: 56
Merit: 0
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September 09, 2014, 03:59:41 PM |
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And Bitcoin coming to a begining.
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picolo
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September 09, 2014, 05:41:13 PM |
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Why is it that many of the people here wants dollar dead?
Because that is very good for bitcoin? maybe 40% of the bitcoin users wants to incash their btc. Why do they want it to be dead? If you want to cash your btc you can sell easily Why is it that many of the people here wants dollar dead?
Because that is very good for bitcoin? There are a lot of factors to consider. How about the people with no btc? Dollars downfall will create chaos for sure. World war 3 might happen if dollar will fall. Dollar will fail; we have to protect ourselves
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Yakamoto
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September 11, 2014, 02:34:53 AM |
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Why is it that many of the people here wants dollar dead?
Because that is very good for bitcoin? There are a lot of factors to consider. How about the people with no btc? Dollars downfall will create chaos for sure. World war 3 might happen if dollar will fall. Dollar will fail; we have to protect ourselves Yeah, this is where it becomes difficult to predict what will happen. Protection isn't a simple "Hide my wallet away on a USB and it'll be fine, I'll just tell people I have none." You are looking at protecting entire infrastructure, such as the internet itself. The dollar collapsing will end up with huge power grabs in the chaos that would ensue, possibly, and so things as delicate as the internet would have to be very well protected. And I don't mean the main servers, I mean every other piece related to it, like routers, ISP servers housings, all that stuff. I'm torn between physical assets and Bitcoin, to be honest. Bitcoin has amazing potential, but if the internet goes down, which has a likely possibility if the dollar would collapse, then it becomes far less valuable. Physical assets will likely often be used and accepted if the internet goes down, but then you'd be missing out on Bitcoin in the event the internet doesn't fall...
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DomoMan
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September 11, 2014, 04:14:15 PM |
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It's just getting close, 2050 guy is spot on.
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Meuh6879
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September 11, 2014, 04:24:19 PM |
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World war 3 might happen if dollar will fall.
not with the BRIC ... they have already more than the FMi in reserve.
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jjacob
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★Nitrogensports.eu★
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September 14, 2014, 02:44:34 PM |
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Why is it that many of the people here wants dollar dead?
Because that is very good for bitcoin? maybe 40% of the bitcoin users wants to incash their btc. Why do they want it to be dead? They would exchange it for real goods & services, not necessarily fiat.
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picolo
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September 14, 2014, 06:31:09 PM |
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Why is it that many of the people here wants dollar dead?
Because that is very good for bitcoin? There are a lot of factors to consider. How about the people with no btc? Dollars downfall will create chaos for sure. World war 3 might happen if dollar will fall. Dollar will fail; we have to protect ourselves Yeah, this is where it becomes difficult to predict what will happen. Protection isn't a simple "Hide my wallet away on a USB and it'll be fine, I'll just tell people I have none." You are looking at protecting entire infrastructure, such as the internet itself. The dollar collapsing will end up with huge power grabs in the chaos that would ensue, possibly, and so things as delicate as the internet would have to be very well protected. And I don't mean the main servers, I mean every other piece related to it, like routers, ISP servers housings, all that stuff. I'm torn between physical assets and Bitcoin, to be honest. Bitcoin has amazing potential, but if the internet goes down, which has a likely possibility if the dollar would collapse, then it becomes far less valuable. Physical assets will likely often be used and accepted if the internet goes down, but then you'd be missing out on Bitcoin in the event the internet doesn't fall... The Dollar can fail but internet will survive it! Having only bitcoins and nothing else is obviously very risky, having other assets, skills, friends, two passports, maybe food gasoline and alcohol if you think it will really go sour
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FuckItWhatever
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September 14, 2014, 07:15:00 PM |
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1 million dollars will buy you one mcdonalds in a couple years.
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wasserman99
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September 14, 2014, 10:57:50 PM |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then. I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment. If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism. During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time. Whats the problem? you can buy with BTC directly, it will be accepted worth wide, no need to "cash out" I would say the problem is that you can not spend this bitcoin on things like a car or any other goods/services that you would otherwise want to buy while you are waiting for the price to appreciate over this 30 year period. I am waiting for the day BTC-denominated investments are easily available. Then just put your bitcoins into a low-risk instrument for 30 years. You should remember that low risk usually means low reward. There are a few low risk options right now that you can invest in, for example in swaps at bitfinex or investing in the bankroll at gambling sites (although there are very few if any sites that allow this now). The problem with investing in securities that are designed to last for this long is that although they may be low risk today, in a few months or a few years they may appear to be more risky and it would be expensive to get your money out of the investment when that happens
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phanhan
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September 15, 2014, 05:08:41 AM Last edit: September 29, 2014, 07:15:09 AM by phanhan |
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This is an issue that I am interested. The BRIC nations do hold vast reserves in dollars. So they do have a vested interest in ensuring that the dollar does not decline. The decline of the dollar, if it does happen, will happen very gradually. ads: VinaHost là công ty cung cấp dịch vụ thuê chổ đặt máy chủ và thuê máy chủ và thuê máy chủ ảo và hoting cá nhân và dịch vụ email hosting và đăng ký tên miền lưu trữ website chuyên nghiệp với hơn 8 năm kinh nghiệm trên thị trường Việt Nam và Bắc Mỹ.
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samaricanin
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September 15, 2014, 04:51:07 PM |
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BRICS already leaving the dollar
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oshnap
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September 15, 2014, 06:06:41 PM |
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I find it rather coincidental that the BS in the Ukraine started about the time russia started making plans to back off the petrodollar. We all know how well that worked out for Saddam. I think "weapons of mass destruction" might have been a typo - maybe they meant "weapons of mass economic destruction" .
I also find recent ISIS beheading of those two aid workers from the UK coincidental. There is pretty much no way that the UK can not do something now. Had ISIS taken US aid workers I doubt this "war" would have had any real support outside the US.
All of this seems like the banksters trying to use war to hold off the coming devaluation of the dollar or even worse a crash of the london usd derivatives market. Also, the strangle hold JP Morgan and friends have on the silver market is starting to unravel.
/end half informed tinfoil hat rant.
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DodoriousMaximus
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September 15, 2014, 09:39:13 PM |
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what will rapers rap about when dollar collapses?
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picolo
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September 15, 2014, 11:49:39 PM |
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what will rapers rap about when dollar collapses?
Bitcoin and rap are not too correlated at the moment https://www.youtube.com/results?search_query=bitcoin+rapThe American Black community is not using Bitcoin as much as the White? BRICS already leaving the dollar
Brics are leaving the USD and the next coming years will see those who produce, save and live within their means get rewarded; those who live in credit, well, you know what will happen to them, they will find excuses to their problems
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lightningmccoin
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September 16, 2014, 11:46:08 AM |
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Not possible.. Dollar will always be there. If dollar will collapse, everyone will collapse. The internet will collapse, bitcoin will collapse, all establishment will collapse.
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picolo
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September 16, 2014, 06:42:03 PM |
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Not possible.. Dollar will always be there. If dollar will collapse, everyone will collapse. The internet will collapse, bitcoin will collapse, all establishment will collapse.
Internet will not collapse if the Dollar collapse and the establishment always end up collapsing only to be replaced by an other establishment You know there is a world outside the USA out there and they are smarter, work harder, save more and produce more than the states?
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Erdogan
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September 16, 2014, 07:41:19 PM |
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Not possible.. Dollar will always be there. If dollar will collapse, everyone will collapse. The internet will collapse, bitcoin will collapse, all establishment will collapse.
Tsunami not possible, that would distort the japanese society too much. Nope.
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omnidoge
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September 17, 2014, 11:04:44 AM |
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Not possible.. Dollar will always be there. If dollar will collapse, everyone will collapse. The internet will collapse, bitcoin will collapse, all establishment will collapse.
Internet will not collapse if the Dollar collapse and the establishment always end up collapsing only to be replaced by an other establishment You know there is a world outside the USA out there and they are smarter, work harder, save more and produce more than the states? Agree.. But these guys couldnt speak a single english word!
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zorke
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September 18, 2014, 04:41:21 AM |
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Not possible.. Dollar will always be there. If dollar will collapse, everyone will collapse. The internet will collapse, bitcoin will collapse, all establishment will collapse.
Internet will not collapse if the Dollar collapse and the establishment always end up collapsing only to be replaced by an other establishment You know there is a world outside the USA out there and they are smarter, work harder, save more and produce more than the states? The overall economic output of the US is greater then anywhere else in the world. The same is true for economic output on a per capita basis. The dollar has enough influence to prevent itself from falling by the wayside. If the dollar were to collapse the internet and bitcoin may not collapse however the world would likely have very big problems on it's hands
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tinkersay
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September 18, 2014, 07:22:12 AM |
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Not possible.. Dollar will always be there. If dollar will collapse, everyone will collapse. The internet will collapse, bitcoin will collapse, all establishment will collapse.
Internet will not collapse if the Dollar collapse and the establishment always end up collapsing only to be replaced by an other establishment You know there is a world outside the USA out there and they are smarter, work harder, save more and produce more than the states? The overall economic output of the US is greater then anywhere else in the world. The same is true for economic output on a per capita basis. The dollar has enough influence to prevent itself from falling by the wayside. If the dollar were to collapse the internet and bitcoin may not collapse however the world would likely have very big problems on it's hands And if the world will have a very big problems on its hands, they will not think anymore about bitcoin. They will think about survival. And bitcoin will not make them survive.
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gmx95
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September 19, 2014, 12:17:56 AM |
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I think its all premature. America can print dollars for another 70 years, especially if there are major wars or conflicts somewhere.
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picolo
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September 19, 2014, 06:48:13 PM |
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I think its all premature. America can print dollars for another 70 years, especially if there are major wars or conflicts somewhere.
They can print but the value will go down against all real assets, it already started there is a lot of inflation
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Eastwind
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September 20, 2014, 10:34:43 AM |
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I think its all premature. America can print dollars for another 70 years, especially if there are major wars or conflicts somewhere.
They can print but the value will go down against all real assets, it already started there is a lot of inflation Inflation is still less than 10% a year. As long as America is still a super power, it can get resources cheaply, thus keep price inflation low.
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leex1528
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September 25, 2014, 12:41:18 PM |
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I don't think any of us will see the dollar end in our lifetime unfortunately. In 200 years, yeah I could see the dollar going away but I don't think we will see anything before then.
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picolo
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September 25, 2014, 01:53:16 PM |
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I think its all premature. America can print dollars for another 70 years, especially if there are major wars or conflicts somewhere.
They can print but the value will go down against all real assets, it already started there is a lot of inflation Inflation is still less than 10% a year. As long as America is still a super power, it can get resources cheaply, thus keep price inflation low. Inflation may be a bit less than 10% a year but it is huge on some markets : look at the stocks price, shrinking of packages in the supermarket, health care or education I don't think any of us will see the dollar end in our lifetime unfortunately. In 200 years, yeah I could see the dollar going away but I don't think we will see anything before then.
The FED will not be able to hold everything for much longer
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redskins49
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September 26, 2014, 05:27:46 AM |
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I think its all premature. America can print dollars for another 70 years, especially if there are major wars or conflicts somewhere.
They can print but the value will go down against all real assets, it already started there is a lot of inflation Inflation is still less than 10% a year. As long as America is still a super power, it can get resources cheaply, thus keep price inflation low. Inflation may be a bit less than 10% a year but it is huge on some markets : look at the stocks price, shrinking of packages in the supermarket, health care or education Inflation is not measured by individual prices, but is rather a basket of prices of goods and services. Also 10% inflation is huge. A better gauge of high inflation is when inflation is running at ~3%-3.5%.
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bajlox
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September 26, 2014, 08:03:20 AM |
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I dont think that it will huge like mentioned in post above.
More like to be max 6% but that is huge also. Its hard to keep with all this considering that more and more thing are happen. More and more companies are accepting btc more ATM all over the world.
Its hard to predict anything these days.
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neurotypical
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September 26, 2014, 02:15:32 PM |
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what will rapers rap about when dollar collapses?
Bitcoin and rap are not too correlated at the moment https://www.youtube.com/results?search_query=bitcoin+rapThe American Black community is not using Bitcoin as much as the White? BRICS already leaving the dollar
Brics are leaving the USD and the next coming years will see those who produce, save and live within their means get rewarded; those who live in credit, well, you know what will happen to them, they will find excuses to their problems Let's be realistic for a second... bitcoin is inherently nerdy, too technical, it will never be cool to rap about bitcoin, therefore, dollar will always survive.
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izanagi narukami
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September 26, 2014, 02:21:04 PM |
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As i know dollar remain strong over my currency (Rupiah) instead my currency got weaker and weaker How that possible if dollar coming to end
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polynesia
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September 26, 2014, 05:30:44 PM |
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As i know dollar remain strong over my currency (Rupiah) instead my currency got weaker and weaker How that possible if dollar coming to end The Rupiah is doomed too.
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arieq
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September 26, 2014, 11:15:27 PM |
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If dollar goes down to 10% of its value, logically the BTC/USD rate should go up 10x (e.g. from $400 to $4000), but of course that's not what is going to happen. We will see people panicking to get out of the dollar - e.g. buy wares, property, or perhaps even coins
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picolo
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September 28, 2014, 09:01:28 PM |
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If dollar goes down to 10% of its value, logically the BTC/USD rate should go up 10x (e.g. from $400 to $4000), but of course that's not what is going to happen. We will see people panicking to get out of the dollar - e.g. buy wares, property, or perhaps even coins
The US Dollar will lose 90% of its value in real assets by 2030
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calchuchesta
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September 29, 2014, 06:16:20 PM |
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If the dollar loses status as the world's most reliable currency the United States will lose the right to print money to pay its debt. It will be forced to pay this debt.
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Eastwind
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October 03, 2014, 09:50:32 PM |
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If the dollar loses status as the world's most reliable currency the United States will lose the right to print money to pay its debt. It will be forced to pay this debt.
It will not pay its debt.It will default. It can also print more money to pay its debt.
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xcapator
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Here I Am !!
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October 04, 2014, 11:39:42 AM |
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Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
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kaykawa
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October 04, 2014, 11:43:36 AM |
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Dollar is 100% "premined", unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
Some people are saying : "bitcoin is ending" btw, the ending is just the beginning
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cutesakura
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October 04, 2014, 05:53:52 PM |
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I think the dollar remains stable with a value up to now, in many countries, especially developing countries-countries, the dollar is still the primary medium for the foreign trade of a country, the stock market was still very stable value of the dollar, so I think if there is a rumor said the dollar would end, I think it will still be a very long time to happen ...
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flounderella
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Bitcoin Evengelist
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October 04, 2014, 06:21:09 PM |
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I don't know if you've noticed or not but dollar has risen a lot this year, which has sent commodities crashing (like crude, gold, silver, coal, iron ore etc).
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PrimedicePlayersUnion
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★Bitin.io★ - Instant Exchange
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October 05, 2014, 03:55:23 PM |
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It already collapsed
1971 Milk .51 cents Gal USD in USA on gold standard
1971 Nixon Leaves Gold Standard
2014 Milk 4.50 Gal USD compare that to .0072 btc
People gonna love BTC and low numbers
Wow milk is only .00000001 btc soon
haha
i would make a milk factory go wild with orders
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polynesia
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October 06, 2014, 01:31:13 AM |
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Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
That is true. But the rate at which bitcoin is being mined now (ie inflation) is lesser than the rate at which dollars are being printed now.
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santaClause
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October 06, 2014, 04:34:25 AM |
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Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
That is true. But the rate at which bitcoin is being mined now (ie inflation) is lesser than the rate at which dollars are being printed now. Dollars do not require "proof" of anything therefore an unlimited number of them can be printed. Fiat is very different from crypto currencies that have an exact amount of money that can be mined
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picolo
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October 06, 2014, 08:03:10 PM |
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If the dollar loses status as the world's most reliable currency the United States will lose the right to print money to pay its debt. It will be forced to pay this debt.
It will still print but the value of the Dollar will go down Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
Nowhere!
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xcapator
Sr. Member
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Here I Am !!
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November 23, 2014, 01:58:26 PM |
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Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
Nowhere! Yeah... US Dollar is worth less every day because they keep printing more. There really aren't that many BTC to go around. Go and get them while they are cheap people!
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transient858
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November 23, 2014, 03:14:46 PM |
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Dollar is 100% "premined", unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
Some people are saying : "bitcoin is ending" btw, the ending is just the beginning One party ends. Another party begins.
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picolo
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November 23, 2014, 11:09:50 PM |
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Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
Nowhere! Yeah... US Dollar is worth less every day because they keep printing more. There really aren't that many BTC to go around. Go and get them while they are cheap people! There is 13.5 millions bitcoins and there will be 21 millions; if it will be widely use, the price could be 100 times the price it is Today at the current Dollar value
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piike2323
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November 24, 2014, 06:06:21 AM |
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The dollar isn't going away any time soon. The problem is that the world (especially Americans ) are addicted to the dollar. Russia and China just simply insist on being America's antagonist no-matter what. They don't have allot of pull in the world and nobody wants them to. I wouldn't put too much weight on anything Russia is doing because they don't seem to be able to get it together. China is different. China has a massive recourse called one billion population but they see it as a hindrance rather than a recourse. The true hindrance in china is the government's strong desire to micromanage everything. Simply put; these guys combined efforts inst enough to compete with the dollar at great extent.
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gigEls
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November 24, 2014, 11:36:42 AM |
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Not yet. It could happen but I don't see it happening yet. Although when it does happen, it's probably going to happen quite fast.
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kanggoroo
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November 24, 2014, 03:50:56 PM |
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US is the Big country in this world , they will not let dollar become failured currency. The only reason can make Dollar coming to end is Judgement day.
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negafen
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November 24, 2014, 05:05:11 PM |
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US is the Big country in this world , they will not let dollar become failured currency. The only reason can make Dollar coming to end is Judgement day.
Judgement day as in terminator or in bible?
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aronnov
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November 24, 2014, 07:55:58 PM |
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it could happen because many of its competitors dollars are used as currency in the world trade, such as the euro, yen, pound and others. it could shift the dominance of the dollar in the world so that the US dollar will eventually come to an end, people will use alternative currencies other than the dollar, but I think it is still a long time to happen because of the current world market still believe the US dollar as their trade transactions ...
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picolo
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November 24, 2014, 10:45:59 PM |
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it could happen because many of its competitors dollars are used as currency in the world trade, such as the euro, yen, pound and others. it could shift the dominance of the dollar in the world so that the US dollar will eventually come to an end, people will use alternative currencies other than the dollar, but I think it is still a long time to happen because of the current world market still believe the US dollar as their trade transactions ... The Yuan too. The Brazilian Central Bank just signed a new swap deal with the Chinese Central Bank
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ShetKid
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November 24, 2014, 11:14:00 PM |
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I don't think dollar would come to an end for another 50 years at least. Bitcoin is not that popular to take over.
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Erdogan
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November 24, 2014, 11:35:45 PM |
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it could happen because many of its competitors dollars are used as currency in the world trade, such as the euro, yen, pound and others. it could shift the dominance of the dollar in the world so that the US dollar will eventually come to an end, people will use alternative currencies other than the dollar, but I think it is still a long time to happen because of the current world market still believe the US dollar as their trade transactions ... The Yuan too. The Brazilian Central Bank just signed a new swap deal with the Chinese Central Bank The situation with the national fiats is inherently unstable, because as one currency is more used, it should increase in liquidity and therefore become more and more valuable, eventually swallowing all others. Only currency controls and inertia keeps the dollar from accruing all value in this day and age. Will bitcoin take on all value, or will the dollar first, bitcoin last?
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picolo
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November 24, 2014, 11:53:18 PM |
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I don't think dollar would come to an end for another 50 years at least. Bitcoin is not that popular to take over.
Right now Bitcoin is not that popular but the Dollar will crash it should become more popular. The Dollar may not end soon but it will lose most its value as the number of Dollar in circulation increases and it becomes a smaller portion of exchanges and reserves in the world
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ChineseSavior
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November 25, 2014, 01:10:17 AM |
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if the value of your fiat is nothing but a mere perception of the public or people who use it.... and the media, tv etc controls there perception... How would they ever even know?
In fact you could experience an entire political and economical shift and you would never know. Simply because literally everyone perceived it that way.
take cars for example. If you went through the process to stamp out a proper metal or carbon fiber car, sure it would be strong, but these days it would cost a ton..
so maybe a strong metal/carbon car say cost= 50k.......... retail = 75k net 25k
plastic car with cheap (but flasy/cool) parts = 10k ......... retail = 75k net 65k
Another thing that we will see very soon is basically the "insourcing" idea as portrayed in The Campaign film.
With all retail now shifting to alibaba (all online and domestic retail will seize to exist in 10-20+years) the only last cost to cut is shipping..
One they bring the factories to us we are done.
sure anyone involved and ahead of the political shift and curve will be well rewarded. But endless generations after them will not be. Beause flawless leveled structured socialism will be all thats left. It will be executed so well that most people will never even know the difference.
When I was in college they used to say if you work job A you will start at 40k/yr... after 2 years you will bump to 50k... 2 more years 50k 4 more years 80k etc etc...
is this not socialism at it's finest? Not only are you limited knowledge by requiring the finanaces/labor/debt to learn. But you're also saying that after you do learn x for y amount of years that this will essentially be your payment/reward plan... crazy
I am supprised to see that nobody has touched down on a silent type political shadow war. Who is to say that there will never be bloodshed starvation collapse etc in any major country? Who is to say that the wars will continue politically in the middle east through shadow corps while a smoke screen of socialism is pulled over our eyes....
Imagine an all out assault on everything to do with the united states economy. China and Russia with an all out assault. Cashing out all money at atm's, manipulating market, retail, technology, casinos with majority speaking madarin clearing out limitless funds making them bankrupt. Police accepting asians at mass numbers. Literally infiltrating every single organization as deeply and quickly as possible.
And dont even get me going on cyber attacks from china...
regardless those ahead of the curve should be rewarded. But the curve will be so steep so god only knows how many will get cut lose.
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orsotheysaid
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November 25, 2014, 01:30:51 AM |
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I don't think dollar would come to an end for another 50 years at least. Bitcoin is not that popular to take over.
Right now Bitcoin is not that popular but the Dollar will crash it should become more popular. The Dollar may not end soon but it will lose most its value as the number of Dollar in circulation increases and it becomes a smaller portion of exchanges and reserves in the world True, but if people all around the world keep accepting dollars no matter how many are created out of thin air.. what can stop it anytime soon?
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picolo
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November 25, 2014, 02:11:07 AM |
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if the value of your fiat is nothing but a mere perception of the public or people who use it.... and the media, tv etc controls there perception... How would they ever even know?
In fact you could experience an entire political and economical shift and you would never know. Simply because literally everyone perceived it that way.
take cars for example. If you went through the process to stamp out a proper metal or carbon fiber car, sure it would be strong, but these days it would cost a ton..
so maybe a strong metal/carbon car say cost= 50k.......... retail = 75k net 25k
plastic car with cheap (but flasy/cool) parts = 10k ......... retail = 75k net 65k
Another thing that we will see very soon is basically the "insourcing" idea as portrayed in The Campaign film.
With all retail now shifting to alibaba (all online and domestic retail will seize to exist in 10-20+years) the only last cost to cut is shipping..
One they bring the factories to us we are done.
sure anyone involved and ahead of the political shift and curve will be well rewarded. But endless generations after them will not be. Beause flawless leveled structured socialism will be all thats left. It will be executed so well that most people will never even know the difference.
When I was in college they used to say if you work job A you will start at 40k/yr... after 2 years you will bump to 50k... 2 more years 50k 4 more years 80k etc etc...
is this not socialism at it's finest? Not only are you limited knowledge by requiring the finanaces/labor/debt to learn. But you're also saying that after you do learn x for y amount of years that this will essentially be your payment/reward plan... crazy
I am supprised to see that nobody has touched down on a silent type political shadow war. Who is to say that there will never be bloodshed starvation collapse etc in any major country? Who is to say that the wars will continue politically in the middle east through shadow corps while a smoke screen of socialism is pulled over our eyes....
Imagine an all out assault on everything to do with the united states economy. China and Russia with an all out assault. Cashing out all money at atm's, manipulating market, retail, technology, casinos with majority speaking madarin clearing out limitless funds making them bankrupt. Police accepting asians at mass numbers. Literally infiltrating every single organization as deeply and quickly as possible.
And dont even get me going on cyber attacks from china...
regardless those ahead of the curve should be rewarded. But the curve will be so steep so god only knows how many will get cut lose.
All the "security" the government can give comes at a very high price and means some are going to be under paid and be less safe for some to enjoy the relative safety net.
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bornil267645
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November 27, 2014, 04:53:05 AM |
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the main problem is the market cap. No matter how much we try it, it would be like vanishing a glass of water from a pond. But still it's pond and our Bitcoin id getting up there.
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oprahwindfury
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November 27, 2014, 09:28:14 AM |
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I don't know if I can agree with the article. The U.S. dollar is based on a debt system that itself is based on it's military and oil. When OPEC stops writing checks to the U.S. using U.S. dollars then I will be worried but until then I don't think I will bat an eye to these articles anymore. As long as the U.S. has it's military might to keep OPEC within it's grasp, the U.S. dollar will still be the worldwide currency. That's my belief at least.
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picolo
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November 28, 2014, 01:01:21 AM |
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I don't know if I can agree with the article. The U.S. dollar is based on a debt system that itself is based on it's military and oil. When OPEC stops writing checks to the U.S. using U.S. dollars then I will be worried but until then I don't think I will bat an eye to these articles anymore. As long as the U.S. has it's military might to keep OPEC within it's grasp, the U.S. dollar will still be the worldwide currency. That's my belief at least.
Some OPEC countries start selling without using U.S Dollar if I am right (let me google it) and they could start doing more and more sells in other currencies, swap or Gold in the very near future.
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STT
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November 28, 2014, 02:46:00 AM |
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I dont go in for conspiracies, the most powerful thing is natural trends, you can rely on this because its stronger then anyones opinion and it'll take down anybody no matter how powerful. When a tide comes you cant avoid it, some things are just bigger and I think we all accept this on a personal level. It also applies to countries, international trade and global bias that are in play now and in future. Humans as a people or species even do display trends and phenomena, not everything can be manipulated and managed, change is constant. Economics should reflect all this but it does not, its (become) politically biased to the most powerful display in the room, it often ignores natural trends which are larger still. Bigger then USA or OPEC, dollar all the things we know today can change and within ten years say which is pretty quick if the switch were to an Asian currency or wherever.
For example the bias on OPEC would be its main party which is Saudi Arabia. They have great population growth which is causing their own consumption of oil to rise and effect their ability to influence external countries with their vital export. A bigger theme then the sway from opec are themes within their own countries, this I think is much bigger then USA can help out for return favour. At some point the situation becomes over extended and agreements collapse, more oil going to China at a higher price might be the path of least resistance.
The working population within China is falling, this causes rises in their wages altering their ability to undercut other countries exports on low wages alone. This might mean lower treasury debt holdings. Naturally secondary developments and consequences occur, I think these are the main reasons why dollar would fall. Ultimately politics either foresees this change or fails under the strain of the inevitable
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Eastwind
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November 28, 2014, 01:49:40 PM |
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The working population within China is falling, this causes rises in their wages altering their ability to undercut other countries exports on low wages alone. This might mean lower treasury debt holdings. Naturally secondary developments and consequences occur, I think these are the main reasons why dollar would fall. Ultimately politics either foresees this change or fails under the strain of the inevitable
The retirement age for Chinese man is 60 and for woman is 55. It will be raised to 65 and old in the near future. So the working population will not decrease too much.
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xcapator
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Here I Am !!
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November 29, 2014, 10:45:16 AM |
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USD is getting stronger, gas prices going down in USA - meaning foreign currencies are declining in value - is this good for BTC?
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Dajve
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November 29, 2014, 02:25:41 PM |
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USD is getting stronger, gas prices going down in USA - meaning foreign currencies are declining in value - is this good for BTC?
Getting stronger according to who? Gas prices going down doesn't equals the dollar strengthening, and there are many currencies doing much better than the dollar. Which currencies are you talking about?
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Amph
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November 29, 2014, 02:37:00 PM |
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USD is getting stronger, gas prices going down in USA - meaning foreign currencies are declining in value - is this good for BTC?
getting stronger where? it's dying since ages
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Beyonce
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Surfbort.
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November 29, 2014, 03:40:47 PM |
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USD is getting stronger, gas prices going down in USA - meaning foreign currencies are declining in value - is this good for BTC?
getting stronger where? it's dying since ages I think people put too much faith in the dollar and other fiats. They'll all be looking confused when the economy and currency collapses at some point in the future like they thought their 'strong' currency never would.
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Bow down, bitches.
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picolo
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November 29, 2014, 09:15:37 PM |
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USD is getting stronger, gas prices going down in USA - meaning foreign currencies are declining in value - is this good for BTC?
getting stronger where? it's dying since ages I think people put too much faith in the dollar and other fiats. They'll all be looking confused when the economy and currency collapses at some point in the future like they thought their 'strong' currency never would. The FED, ECB and BOJ say clearly that they want to massively increase the money supply so they will probably do that until it's a total mess. It is easy to understand USD is one of the worst big currency to hold then EURO and Yen
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STT
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November 30, 2014, 02:44:55 AM |
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It is already a mess, the main thing is when a majority of people realise this. China is one of the largest holders of dollar debt but their people are not free to explore value of the dollar and their currency or national worth as party officials have a policy of supporting USA trade by a fixed exchange rate. If I was some random Chinese person living on 2nd world goods I might spend a bit and upgrade my circumstances, if the whole nation did that it would mean many dollars stored as US treasury debt are spent globally. That value would also go back to China instead of residing in the budgets of Washington accounts, it would alter many things.
Japan also has a strange situation where the country has debt a few times larger then the whole country makes total in a year. Its certainly already a mess, but the velocity of this money is low and captured so we have a stagnant situation. A healthy economy would be liquidate this value to better use but politics currently prevents it. The people are placated by welfare spending and opacity of this lost value
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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panju1
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November 30, 2014, 05:42:53 AM |
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The FED, ECB and BOJ say clearly that they want to massively increase the money supply so they will probably do that until it's a total mess. It is easy to understand USD is one of the worst big currency to hold then EURO and Yen
When the economy slows down, central banks try to mint their way out of trouble. The problem is, other countries try to follow suit. In the end, exports/growth don't pick up in any country and all countries experience inflation. All fiat currencies inherently suffer from this problem. Advantage Bitcoin!
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picolo
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November 30, 2014, 08:31:49 PM |
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The FED, ECB and BOJ say clearly that they want to massively increase the money supply so they will probably do that until it's a total mess. It is easy to understand USD is one of the worst big currency to hold then EURO and Yen
When the economy slows down, central banks try to mint their way out of trouble. The problem is, other countries try to follow suit. In the end, exports/growth don't pick up in any country and all countries experience inflation. All fiat currencies inherently suffer from this problem. Advantage Bitcoin! Increasing the money supply is a sure way to get more troubles and run away inflation.
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manselr
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November 30, 2014, 11:03:42 PM |
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USD is getting stronger, gas prices going down in USA - meaning foreign currencies are declining in value - is this good for BTC?
getting stronger where? it's dying since ages It's not dying. You can say "it's dying it's dying", but people will keep accepting dollars and that's all that matters. If it's used it's alive period.
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johnyj
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Beyond Imagination
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December 01, 2014, 06:05:47 AM |
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Increasing the money supply is a sure way to get more troubles and run away inflation.
The reality is more complicated: Central banks print 10x more money and buy out all the troubled assets in the country while still introduce very low or none inflation, since the sellers of those assets (commercial banks) simply put back their income money into FED's reserve account and don't touch those money, to ensure there will be no extra liquidity on market, thus no inflation By doing this, they created a housing bubble and crashed it, drove people to default, took their house, and sold back to themselves using printed money. After several repeat, they own majority of the country's assets, dollar is not important any more for them, even the USD crashed, they have already get all those assets
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Atdhe
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Atdhe Nuhiu
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December 01, 2014, 06:45:18 AM |
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If it's used it's alive period.
It is really hard to discuss anything, if probably majority of people refuse simple facts like that one. I believe dollar might die one day and very suddenly or it can be pegged to BTC or something like that. But one has to have balls (instead of brain) to tell nowadays that USD is dead or dying.
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Plutonium
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December 01, 2014, 06:52:19 AM |
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Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.
Exactly... Bitcon should be the compliment of Fiat rather than a competitor Cash - offline, Bitcoin - online When people realise this, bitcoin will soon become used just like cash is today.
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Atdhe
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Atdhe Nuhiu
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December 01, 2014, 07:01:05 AM |
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Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.
Exactly... Bitcon should be the compliment of Fiat rather than a competitor Cash - offline, Bitcoin - online When people realise this, bitcoin will soon become used just like cash is today. BTC can serve more like a reserve curency. Analogy to Latin American model, where they use USD as the reserve currency, because of it's stability and value. My girl is just heading to Paraguay, where USD is used this way, I will propose her to tell them a good joke about dead US dollar...
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picolo
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December 01, 2014, 10:25:01 PM |
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Increasing the money supply is a sure way to get more troubles and run away inflation.
The reality is more complicated: Central banks print 10x more money and buy out all the troubled assets in the country while still introduce very low or none inflation, since the sellers of those assets (commercial banks) simply put back their income money into FED's reserve account and don't touch those money, to ensure there will be no extra liquidity on market, thus no inflation By doing this, they created a housing bubble and crashed it, drove people to default, took their house, and sold back to themselves using printed money. After several repeat, they own majority of the country's assets, dollar is not important any more for them, even the USD crashed, they have already get all those assets The idea was to avoid market crashes but they are just setting themselves up for a bigger blow-up.
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oblivi
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December 02, 2014, 12:01:31 AM |
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Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.
Exactly... Bitcon should be the compliment of Fiat rather than a competitor Cash - offline, Bitcoin - online When people realise this, bitcoin will soon become used just like cash is today. All this " we are bitcoiners and we will defeat the mighty fiat monster" is kinda delusiona IMO, we should just provide an alternative, thats all.
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picolo
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December 02, 2014, 01:07:15 AM |
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Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.
Exactly... Bitcon should be the compliment of Fiat rather than a competitor Cash - offline, Bitcoin - online When people realise this, bitcoin will soon become used just like cash is today. All this " we are bitcoiners and we will defeat the mighty fiat monster" is kinda delusiona IMO, we should just provide an alternative, thats all. Bitcoin has the potential to become big, very big, huge or even the main mean of exchange. If it becomes big it will be valued 5000$/coin, very big 20,000$, huge 60,000$, main mean of exchange 200,000$
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rogerdonkey
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December 02, 2014, 08:08:21 PM |
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I don't see the dollar coming to an end, many people in this world invest money in dollar..
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Atdhe
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Atdhe Nuhiu
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December 02, 2014, 08:25:02 PM |
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Not only invest, they actually use it. Even most BTC transactions (except the shady ones) are defcato fiat money transactions done through bitcoins. Everybody is still counting in fiat money even when doing pure BTC transactions. BTC is not money yet.
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picolo
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December 02, 2014, 11:17:38 PM |
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I don't see the dollar coming to an end, many people in this world invest money in dollar..
They may be wrong...
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Eastwind
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December 03, 2014, 04:54:26 PM |
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BTC is not money yet. But might be in the future.
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Martijnvdc
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December 03, 2014, 06:59:57 PM |
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I can imagine the US dollar losing it's position in the world, but i don't think bitcoin will play any major role in this "collapse". It will be the US's own fault.
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worle1bm
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December 03, 2014, 07:32:00 PM |
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I'm still waiting for the collapse? Everything sees to be going smoothly.
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Wekkel
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yes
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December 03, 2014, 08:17:10 PM |
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Increasing the money supply is a sure way to get more troubles and run away inflation.
The reality is more complicated: Central banks print 10x more money and buy out all the troubled assets in the country while still introduce very low or none inflation, since the sellers of those assets (commercial banks) simply put back their income money into FED's reserve account and don't touch those money, to ensure there will be no extra liquidity on market, thus no inflation This is an interesting observation to ponder on. Peter Warburton wrote a book 'Debt and Delusion' in 1999 that is not framed in Austrain economics, but tries to answer the question why money printing did not lead to massive inflation. Warburton also touches this topic in a very clean post from 2001 reflecting his thoughts on the state of affairs: w.gata.org/node/8303 Most of his thoughts still apply today and his remark on the absence of 'a stable numeraire' is very intriguing when thinking about Bitcoin as possible contender. I found the book very hard to read but did so anyway, but - when it comes to the observation that is central in this post - you are better off by reading a review of this book by someone with an Austrian view: http://mises.org/library/debt-and-delusion This one will also take some brain cells to digest and is perhaps more about the thoughts of the reviewer than whats actually in Warburton's book, but it creates the clear outlines of a theory why all this massive money printing has not (yet) led to massive inflation. Johnyj and others are on to something here.... Related to the above and also excellent seed if your mind provides vertile grounds is the theory described in the following blog posts: http://parcontre.blogspot.nl/2008_08_01_archive.html with the update (2013): http://parcontre.blogspot.nl/2013/05/deflation-or-inflation.htmlPerhaps very simplistic to some educated souls but it paints a helicopter view of the financial economy versus the real economy over a span of decades and how things seem to go in cycles. Suppose this theory has any merit, we are experiencing a financial economy that is blowing the biggest debt bubble ever while disconnecting with the real economy to an increasing extent. The summary is that either the financial economy will snap and meet the real economy below (deflationary) or the real economy meeting the financial economy above (inflationary). A bit of both could mean Gold at $5,000 and the Dow at 5,000 (if history will again rhyme with a 1:1 Dow/Gold ratio at the bottom of the resolution between the financial and real economy). An interesting theory for the broad picture with some interesting ideas on the historical interest rates. Similar thoughts can be drawn from charts like TobinQ: http://csinvesting.org/2014/01/09/tobins-q-the-market-is-60-overvalued/These things sure keep away the daily drivel of pundits and guru's on Apple flash crashing and stock markets rising (or gold being manipulated) in sight of near depression of the real economy. In the long run, this will not matter. The case for holding bitcoin will not be made over a time span of 1 year only. As an end note: 'end of the dollar' is a misleading theme. History shows that even with extreme inflation (like 50% per month), people still use the official currency. The dollar may crash and burn, but will surely not end just like that. Therefore, we should not use this terminology when speaking about this topic.
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picolo
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December 03, 2014, 08:23:10 PM |
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I'm still waiting for the collapse? Everything sees to be going smoothly.
It is taking a while because everything is in movement : there are a lot of companies and people creating wealth in the States, a large stock of capital, wealth and skills. Other currencies are going down. In a ponzi or a bubble everything is going fine until it collapses
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master5
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December 08, 2014, 06:10:40 PM |
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I don't think dollar would come to an end for another 50 years at least. Bitcoin is not that popular to take over.
Right now Bitcoin is not that popular but the Dollar will crash it should become more popular. The Dollar may not end soon but it will lose most its value as the number of Dollar in circulation increases and it becomes a smaller portion of exchanges and reserves in the world I think that the dollar never coming to an end, because it is not only money, but also a world currency (international means of payment).
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Darude Sandstorm
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December 08, 2014, 06:35:34 PM |
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I don't think dollar would come to an end for another 50 years at least. Bitcoin is not that popular to take over.
Right now Bitcoin is not that popular but the Dollar will crash it should become more popular. The Dollar may not end soon but it will lose most its value as the number of Dollar in circulation increases and it becomes a smaller portion of exchanges and reserves in the world I think that the dollar never coming to an end, because it is not only money, but also a world currency (international means of payment). There's a lot of fud coming from both pro and anti-USD, but the dollar isn't invincible and constantly printing more and more can certainly be disastrous. Only time will tell what truly happens but people have been announcing it's collapse probably since it started.
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leex1528
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December 08, 2014, 06:38:50 PM |
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I don't think anyone alive right now will see the end of the dollar. I say at least 200 more years before the Dollar officially goes away and is worth nothing. The problem is it will be such a huge transition that it just won't happen over night. I mean think of the millions of people who would be bankrupt if the dollar lost all value, literally like 95-99% of the US would be worth nothing and bankrupt.
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juve4v
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December 08, 2014, 07:01:56 PM |
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I do belive dollar bill still represents the last best bastion of freedom, in regard to anonimity -better than BTC-and there is a deliberate plan for its complete annihilation .I embrace evolution but bitcoin needs to evolve, if our concern is -should be- anonimity, or switch to another coin that is already offering the required features.
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Martijnvdc
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December 08, 2014, 09:21:42 PM |
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I do belive dollar bill still represents the last best bastion of freedom
Seriously? The last bastion of freedom? What makes you think that? What's wrong with the euro?
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picolo
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December 08, 2014, 10:46:56 PM |
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I do belive dollar bill still represents the last best bastion of freedom, in regard to anonimity -better than BTC-and there is a deliberate plan for its complete annihilation .I embrace evolution but bitcoin needs to evolve, if our concern is -should be- anonimity, or switch to another coin that is already offering the required features.
If you mine BTC, buy it cash and use Tor how would anyone know it's your BTC?
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Erdogan
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December 09, 2014, 01:20:29 AM |
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I do belive dollar bill still represents the last best bastion of freedom, in regard to anonimity -better than BTC-and there is a deliberate plan for its complete annihilation .I embrace evolution but bitcoin needs to evolve, if our concern is -should be- anonimity, or switch to another coin that is already offering the required features.
If you mine BTC, buy it cash and use Tor how would anyone know it's your BTC? And if you get your dollar bills from an ATM and use them on places where they have dollar bill scanners, how do you know that they don't track you?
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sobitcoin
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December 09, 2014, 01:24:03 AM |
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Interesting article and claims I think the guy isn't very intelligent though.
I don't see the dollar coming to an end for at least another 70+ years. The claims the guy making are based on history which isn't a terrible thing to base it on. But judging from 70 years ago today the world is a completely different place and anything related to money then holds little value to what we have today.
Absolutely. As cryptocurrencies show their potential we might see an integration, but I don't think the dollar is going anywhere for a while.
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picolo
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December 09, 2014, 02:14:14 PM |
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I do belive dollar bill still represents the last best bastion of freedom, in regard to anonimity -better than BTC-and there is a deliberate plan for its complete annihilation .I embrace evolution but bitcoin needs to evolve, if our concern is -should be- anonimity, or switch to another coin that is already offering the required features.
If you mine BTC, buy it cash and use Tor how would anyone know it's your BTC? And if you get your dollar bills from an ATM and use them on places where they have dollar bill scanners, how do you know that they don't track you? If you get Dollars from ATM and the merchant where you spend them deposit it to the Bank they could trace it to you but it's not money you are trying to hide anyway.
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botany
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December 10, 2014, 12:33:30 PM |
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I do belive dollar bill still represents the last best bastion of freedom, in regard to anonimity -better than BTC-and there is a deliberate plan for its complete annihilation .I embrace evolution but bitcoin needs to evolve, if our concern is -should be- anonimity, or switch to another coin that is already offering the required features.
If you mine BTC, buy it cash and use Tor how would anyone know it's your BTC? And if you get your dollar bills from an ATM and use them on places where they have dollar bill scanners, how do you know that they don't track you? If you get Dollars from ATM and the merchant where you spend them deposit it to the Bank they could trace it to you but it's not money you are trying to hide anyway. The merchant where you spend USD does not always need to know your identity.
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arieq
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December 14, 2014, 06:58:51 AM |
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I can imagine the US dollar losing it's position in the world, but i don't think bitcoin will play any major role in this "collapse". It will be the US's own fault.
Never underestimate the power of usd, look at how they are able to manipulate gold and silver. they have jackals, operatives, cia, and entire cartel behind
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Bernard Lerring
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December 14, 2014, 07:36:44 AM |
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How are they able to manipulate the price of gold and silver? Surely they can only make them more scarce by hiding them, unless they have hidden reserves and suddenly "introduce" more precious metals?
I ask this because I'm concerned about the economy and beginning to become interested in keeping a small amount of gold/silver in addition to BTC.
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NUFCrichard
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December 14, 2014, 08:38:51 AM |
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I see the dollar being replaced with a basket of commodities, i.e. Oil, Gold, Corn, Copper or silmilar. It would be great if Bitcoin was a part of the basket, but I doubt it unless the dollar remains in place and printing like crazy for the next 25 years at least.
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Eastwind
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December 15, 2014, 01:01:08 PM |
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I see the dollar being replaced with a basket of commodities, i.e. Oil, Gold, Corn, Copper or silmilar. It would be great if Bitcoin was a part of the basket, but I doubt it unless the dollar remains in place and printing like crazy for the next 25 years at least.
If Dollar is printed like crazy, it will disappear soon.
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vvv8
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December 15, 2014, 01:36:20 PM |
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I see the dollar being replaced with a basket of commodities, i.e. Oil, Gold, Corn, Copper or silmilar. It would be great if Bitcoin was a part of the basket, but I doubt it unless the dollar remains in place and printing like crazy for the next 25 years at least.
You don't understand the purpose of a paper , or digital currency then. Because if you did , you would realize the true reason for the eventual demise of the dollar. It's great to have a basket of commodities like you listed , but they all have the same inherent problem and that is that they take a longer time to liquidate or trade compared to paper or digital money, in this case pure digital money (Bitcoin & cryptocurrencies) . The dollar will eventually come to an end for many reasons , but the key reason here is that paper currency has become old and obsolete and brighter people are starting to see the benefits a pure digital currency can and will bring over paper currency. The end. Fin /close thread /lock /ban anyone below me
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picolo
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December 16, 2014, 05:50:15 AM |
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I see the dollar being replaced with a basket of commodities, i.e. Oil, Gold, Corn, Copper or silmilar. It would be great if Bitcoin was a part of the basket, but I doubt it unless the dollar remains in place and printing like crazy for the next 25 years at least.
You don't understand the purpose of a paper , or digital currency then. Because if you did , you would realize the true reason for the eventual demise of the dollar. It's great to have a basket of commodities like you listed , but they all have the same inherent problem and that is that they take a longer time to liquidate or trade compared to paper or digital money, in this case pure digital money (Bitcoin & cryptocurrencies) . The dollar will eventually come to an end for many reasons , but the key reason here is that paper currency has become old and obsolete and brighter people are starting to see the benefits a pure digital currency can and will bring over paper currency. The end. Fin /close thread /lock /ban anyone below me The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?
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worle1bm
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December 16, 2014, 05:56:49 AM |
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The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?
Hahahahaha Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind?
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cryptoforcause
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December 16, 2014, 06:46:29 AM |
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This was quite unexpected but it can be a matter of profit for some countries.
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Plutonium
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December 16, 2014, 07:18:17 AM |
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The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?
Hahahahaha Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind? You must have no idea, those prices would not have been achieved if Mt Gox did not fake trade, and bitcoin would have been a STEADY incline from $120~ to what it is today, if not higher.
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picolo
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December 16, 2014, 07:27:19 AM |
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The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?
Hahahahaha Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind? About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013. Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Supply/Demand...
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botany
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December 17, 2014, 01:28:26 PM |
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About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013. Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Supply/Demand... Oil is not doomed, but oil producers are sweating. Bitcoin may not be doomed, but miners aren't getting rich quickly.
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picolo
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December 17, 2014, 02:12:42 PM |
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About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013. Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Supply/Demand... Oil is not doomed, but oil producers are sweating. Bitcoin may not be doomed, but miners aren't getting rich quickly. I won't be surprise to see Oil back at more than 100$/barrel within 2 years. Bitcoin will be back at 1000$ soon too. The world is changing and most people don't get it.
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Eastwind
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December 19, 2014, 06:46:29 PM |
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About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013. Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Supply/Demand... Oil is not doomed, but oil producers are sweating. Bitcoin may not be doomed, but miners aren't getting rich quickly. I won't be surprise to see Oil back at more than 100$/barrel within 2 years. Bitcoin will be back at 1000$ soon too. The world is changing and most people don't get it. The price of BTC is not correlated to oil price. With the oil supply surplus, it will not go to $100 easily.
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STT
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Leading Crypto Sports Betting & Casino Platform
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December 20, 2014, 04:36:07 AM |
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oil demand is rising even when the price rises or falls. Same with bitcoin is that demand for a solid uncompromised global currency is rising. Im not sure bitcoin will be used but its applicable market is rising and the ability of populations to access its worth is also rising so that is a bullish outlook. Even while some industry may be in decline and so recession a possibility, I think the demand for oil is going to rise because of progression in various countries development and dollar will continue to weaken and its long term system; that promotes bitcoin or least some alternative system
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picolo
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December 20, 2014, 08:55:42 AM |
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oil demand is rising even when the price rises or falls. Same with bitcoin is that demand for a solid uncompromised global currency is rising. Im not sure bitcoin will be used but its applicable market is rising and the ability of populations to access its worth is also rising so that is a bullish outlook. Even while some industry may be in decline and so recession a possibility, I think the demand for oil is going to rise because of progression in various countries development and dollar will continue to weaken and its long term system; that promotes bitcoin or least some alternative system
You have the supply in the equation of price too. About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013. Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Supply/Demand... Oil is not doomed, but oil producers are sweating. Bitcoin may not be doomed, but miners aren't getting rich quickly. I won't be surprise to see Oil back at more than 100$/barrel within 2 years. Bitcoin will be back at 1000$ soon too. The world is changing and most people don't get it. The price of BTC is not correlated to oil price. With the oil supply surplus, it will not go to $100 easily. Bitcoin and Oil should go up in price nominally as more fiat are inflated.
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exoton
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December 20, 2014, 11:04:47 AM |
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The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?
Hahahahaha Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind? About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013. Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Supply/Demand... The only real reason why these two numbers are correlating is because there is less money generally flowing into speculative investments as the fed has stopped pouring massive amounts of money into the economy via QE. The prices of bitcoin and oil are not related over the long term
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picolo
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December 20, 2014, 02:17:09 PM |
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The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?
Hahahahaha Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind? About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013. Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Supply/Demand... The only real reason why these two numbers are correlating is because there is less money generally flowing into speculative investments as the fed has stopped pouring massive amounts of money into the economy via QE. The prices of bitcoin and oil are not related over the long term We have to wait to see if they are correlated or not. Oil and Bitcoin are two scare commodities.
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exoton
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December 20, 2014, 04:47:47 PM |
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The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?
Hahahahaha Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind? About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013. Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Supply/Demand... The only real reason why these two numbers are correlating is because there is less money generally flowing into speculative investments as the fed has stopped pouring massive amounts of money into the economy via QE. The prices of bitcoin and oil are not related over the long term We have to wait to see if they are correlated or not. Oil and Bitcoin are two scare commodities. There is no reason for them to be correlated. They are used for two very different purposes. You cannot use bitcoin to directly power your car/train/plane just like you cannot use oil to send money around the world or to pay for things
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yrask
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December 20, 2014, 06:08:05 PM |
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I consider that from now, Dollar will become, (naturally in very slow way) only paper to clean something.. Because FED printing huge quantity of dollar and its value now dropping..
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molecular
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December 20, 2014, 07:42:18 PM |
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Oil and Bitcoin are two scare commodities.
oooooh! aaaaah! *runs away in fear*
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Wekkel
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yes
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December 20, 2014, 09:12:50 PM |
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Oil and Bitcoin are two scare commodities.
oooooh! aaaaah! *runs away in fear* We know, life is hard...
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arieq
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December 23, 2014, 11:27:17 AM |
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I consider that from now, Dollar will become, (naturally in very slow way) only paper to clean something.. Because FED printing huge quantity of dollar and its value now dropping..
usd = pieces of printed paper backed by military that will nuke oil-countries that don't want to accept it for oil.
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botany
Legendary
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December 24, 2014, 04:22:27 AM |
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I consider that from now, Dollar will become, (naturally in very slow way) only paper to clean something.. Because FED printing huge quantity of dollar and its value now dropping..
usd = pieces of printed paper backed by military that will nuke oil-countries that don't want to accept it for oil. These pieces of printed paper also have to be given to the government as taxes. So there is a large economy willing to work for these pieces of paper.
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picolo
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December 24, 2014, 10:31:42 AM |
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The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?
Hahahahaha Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind? About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013. Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Supply/Demand... The only real reason why these two numbers are correlating is because there is less money generally flowing into speculative investments as the fed has stopped pouring massive amounts of money into the economy via QE. The prices of bitcoin and oil are not related over the long term We have to wait to see if they are correlated or not. Oil and Bitcoin are two scare commodities. There is no reason for them to be correlated. They are used for two very different purposes. You cannot use bitcoin to directly power your car/train/plane just like you cannot use oil to send money around the world or to pay for things Correct but assets that are used for different purposes can be somewhat related. Oil and Bitcoin are two scare resources with increasing demand and a supply that goes up only slowly
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scarsbergholden
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December 25, 2014, 11:21:19 AM |
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Correct but assets that are used for different purposes can be somewhat related. Oil and Bitcoin are two scare resources with increasing demand and a supply that goes up only slowly
Just because two assets have similar supply characteristics does not mean that their price is going to be correlated. The demand dynamics for both bitcoin and oil are very different as their uses are very different. It is also much easier to manipulate the supply (and price) of oil via cartels then it is for bitcoin
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picolo
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December 25, 2014, 12:06:27 PM |
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Correct but assets that are used for different purposes can be somewhat related. Oil and Bitcoin are two scare resources with increasing demand and a supply that goes up only slowly
Just because two assets have similar supply characteristics does not mean that their price is going to be correlated. The demand dynamics for both bitcoin and oil are very different as their uses are very different. It is also much easier to manipulate the supply (and price) of oil via cartels then it is for bitcoin I agree that it remains to be seen if they will be correlated, I was just saying that maybe they will. The supply of Bitcoin is much more clear than for oil but as for the manipulation of the price both can be manipulated.
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AtheistAKASaneBrain
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December 25, 2014, 04:46:05 PM |
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I consider that from now, Dollar will become, (naturally in very slow way) only paper to clean something.. Because FED printing huge quantity of dollar and its value now dropping..
usd = pieces of printed paper backed by military that will nuke oil-countries that don't want to accept it for oil. These pieces of printed paper also have to be given to the government as taxes. So there is a large economy willing to work for these pieces of paper. Unfortunately these pieces of paper crush any other form of currency for now.
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picolo
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December 25, 2014, 05:32:53 PM |
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I consider that from now, Dollar will become, (naturally in very slow way) only paper to clean something.. Because FED printing huge quantity of dollar and its value now dropping..
usd = pieces of printed paper backed by military that will nuke oil-countries that don't want to accept it for oil. These pieces of printed paper also have to be given to the government as taxes. So there is a large economy willing to work for these pieces of paper. Unfortunately these pieces of paper crush any other form of currency for now. Their value is decreasing and Bitcoin may be adopted massively to stop wars and increase freedom.
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Barabbas0
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December 26, 2014, 03:45:16 PM |
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I consider that from now, Dollar will become, (naturally in very slow way) only paper to clean something.. Because FED printing huge quantity of dollar and its value now dropping..
usd = pieces of printed paper backed by military that will nuke oil-countries that don't want to accept it for oil. These pieces of printed paper also have to be given to the government as taxes. So there is a large economy willing to work for these pieces of paper. Unfortunately these pieces of paper crush any other form of currency for now. Their value is decreasing and Bitcoin may be adopted massively to stop wars and increase freedom. Has anybody in this thread ever looked at or even heard of the dollar index? https://www.tradingview.com/e/?symbol=DOLLAR+INDEXIt's strong as hell right now. The simple fact is, not gold, not BTC, but USD is the world's safe haven store of wealth. You can see this by bond prices skyrocketing (yields falling). Commodities are generally correlated. That's why BTC and oil are sharing a bit of correlation. Ultimately, commodity prices are set by the world economy. There's European and Asian fear in the markets now, hence prices fall as demand wanes.
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aminorex
Legendary
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Sine secretum non libertas
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December 27, 2014, 12:44:15 AM |
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Unfortunately these pieces of paper crush any other form of currency for now.
As a store of wealth, they stink on ice. Guaranteed rocket sled to zero value. Little temporary rises relative to other worthless paper are irrelevant to that inescapable, horrible fact: You have been enslaved in exchange for...nothing.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Q7
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December 27, 2014, 03:10:48 AM |
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USD Interest rate has been maintained too low for a long time and it looks like there is a pressure within to hike the rates or else overall it is will be bad in long term.
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tyrexs
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December 27, 2014, 08:29:22 AM |
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dollar is the one only good for investment
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Barabbas0
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December 27, 2014, 04:05:34 PM |
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USD Interest rate has been maintained too low for a long time and it looks like there is a pressure within to hike the rates or else overall it is will be bad in long term.
USD interest rate is low right now because Asian and European investors don't want to invest in those markets. Japan's economy is tanking fast and Greece is starting to spread contagion fears throughout Europe. Money is flooding into US bonds. As bonds get purchased, their prices rise. When their prices rise, yields decrease, due to the fixed coupon payments. As a result, US interest rates are flat, just because of the rush of foreign capital.
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picolo
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December 27, 2014, 04:34:15 PM |
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dollar is the one only good for investment
It has been a good investment sometimes but it is one of the worst investment among the big choices an investor has right now USD Interest rate has been maintained too low for a long time and it looks like there is a pressure within to hike the rates or else overall it is will be bad in long term.
USD interest rate is low right now because Asian and European investors don't want to invest in those markets. Japan's economy is tanking fast and Greece is starting to spread contagion fears throughout Europe. Money is flooding into US bonds. As bonds get purchased, their prices rise. When their prices rise, yields decrease, due to the fixed coupon payments. As a result, US interest rates are flat, just because of the rush of foreign capital. The FED is keeping the interest rate at zero
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Barabbas0
Newbie
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December 27, 2014, 07:29:21 PM |
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dollar is the one only good for investment
It has been a good investment sometimes but it is one of the worst investment among the big choices an investor has right now USD Interest rate has been maintained too low for a long time and it looks like there is a pressure within to hike the rates or else overall it is will be bad in long term.
USD interest rate is low right now because Asian and European investors don't want to invest in those markets. Japan's economy is tanking fast and Greece is starting to spread contagion fears throughout Europe. Money is flooding into US bonds. As bonds get purchased, their prices rise. When their prices rise, yields decrease, due to the fixed coupon payments. As a result, US interest rates are flat, just because of the rush of foreign capital. The FED is keeping the interest rate at zero You do realize there's a bond market, right?
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picolo
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December 27, 2014, 07:48:54 PM |
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dollar is the one only good for investment
It has been a good investment sometimes but it is one of the worst investment among the big choices an investor has right now USD Interest rate has been maintained too low for a long time and it looks like there is a pressure within to hike the rates or else overall it is will be bad in long term.
USD interest rate is low right now because Asian and European investors don't want to invest in those markets. Japan's economy is tanking fast and Greece is starting to spread contagion fears throughout Europe. Money is flooding into US bonds. As bonds get purchased, their prices rise. When their prices rise, yields decrease, due to the fixed coupon payments. As a result, US interest rates are flat, just because of the rush of foreign capital. The FED is keeping the interest rate at zero You do realize there's a bond market, right? You realize the difference between the bond market that has been fixed by the FED and its policies and the official interest rate. You should not comment on subjects you know nothing about, you are embarrassing yourself.
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scarsbergholden
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December 27, 2014, 07:54:35 PM |
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dollar is the one only good for investment
It has been a good investment sometimes but it is one of the worst investment among the big choices an investor has right now USD Interest rate has been maintained too low for a long time and it looks like there is a pressure within to hike the rates or else overall it is will be bad in long term.
USD interest rate is low right now because Asian and European investors don't want to invest in those markets. Japan's economy is tanking fast and Greece is starting to spread contagion fears throughout Europe. Money is flooding into US bonds. As bonds get purchased, their prices rise. When their prices rise, yields decrease, due to the fixed coupon payments. As a result, US interest rates are flat, just because of the rush of foreign capital. The FED is keeping the interest rate at zero You do realize there's a bond market, right? The bond market is being manipulated by the fed via QE as well as the fed's promise to keep short term interest rates low for a long time. There are people speculating that the fed will continue to keep short terms rates low which pushes the market rate for longer term bonds low as well
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Barabbas0
Newbie
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December 27, 2014, 08:09:13 PM |
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dollar is the one only good for investment
It has been a good investment sometimes but it is one of the worst investment among the big choices an investor has right now USD Interest rate has been maintained too low for a long time and it looks like there is a pressure within to hike the rates or else overall it is will be bad in long term.
USD interest rate is low right now because Asian and European investors don't want to invest in those markets. Japan's economy is tanking fast and Greece is starting to spread contagion fears throughout Europe. Money is flooding into US bonds. As bonds get purchased, their prices rise. When their prices rise, yields decrease, due to the fixed coupon payments. As a result, US interest rates are flat, just because of the rush of foreign capital. The FED is keeping the interest rate at zero You do realize there's a bond market, right? The bond market is being manipulated by the fed via QE as well as the fed's promise to keep short term interest rates low for a long time. There are people speculating that the fed will continue to keep short terms rates low which pushes the market rate for longer term bonds low as well QE already ended. Please, your right wing fears are entirely unfounded. Go back to hoarding gold and whining about monetary inflation.
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picolo
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December 27, 2014, 08:42:48 PM |
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dollar is the one only good for investment
It has been a good investment sometimes but it is one of the worst investment among the big choices an investor has right now USD Interest rate has been maintained too low for a long time and it looks like there is a pressure within to hike the rates or else overall it is will be bad in long term.
USD interest rate is low right now because Asian and European investors don't want to invest in those markets. Japan's economy is tanking fast and Greece is starting to spread contagion fears throughout Europe. Money is flooding into US bonds. As bonds get purchased, their prices rise. When their prices rise, yields decrease, due to the fixed coupon payments. As a result, US interest rates are flat, just because of the rush of foreign capital. The FED is keeping the interest rate at zero You do realize there's a bond market, right? The bond market is being manipulated by the fed via QE as well as the fed's promise to keep short term interest rates low for a long time. There are people speculating that the fed will continue to keep short terms rates low which pushes the market rate for longer term bonds low as well QE already ended. Please, your right wing fears are entirely unfounded. Go back to hoarding gold and whining about monetary inflation. The FED didn't unwind its balance sheet and didn't raise rate so we are still in a very lose monetary policy environment with a weak economy. The public debt is still growing fast and the Dollar will likely start crashing in 2015 or 2016
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Barabbas0
Newbie
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Activity: 28
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December 27, 2014, 10:41:52 PM |
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dollar is the one only good for investment
It has been a good investment sometimes but it is one of the worst investment among the big choices an investor has right now USD Interest rate has been maintained too low for a long time and it looks like there is a pressure within to hike the rates or else overall it is will be bad in long term.
USD interest rate is low right now because Asian and European investors don't want to invest in those markets. Japan's economy is tanking fast and Greece is starting to spread contagion fears throughout Europe. Money is flooding into US bonds. As bonds get purchased, their prices rise. When their prices rise, yields decrease, due to the fixed coupon payments. As a result, US interest rates are flat, just because of the rush of foreign capital. The FED is keeping the interest rate at zero You do realize there's a bond market, right? The bond market is being manipulated by the fed via QE as well as the fed's promise to keep short term interest rates low for a long time. There are people speculating that the fed will continue to keep short terms rates low which pushes the market rate for longer term bonds low as well QE already ended. Please, your right wing fears are entirely unfounded. Go back to hoarding gold and whining about monetary inflation. The FED didn't unwind its balance sheet and didn't raise rate so we are still in a very lose monetary policy environment with a weak economy. The public debt is still growing fast and the Dollar will likely start crashing in 2015 or 2016 lol, okay. As soon as you start pulling dates out of thin air with no evidence I know you're full of shit. You can spew anti-US FUD, doesn't make it true.
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picolo
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December 27, 2014, 11:44:42 PM |
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dollar is the one only good for investment
It has been a good investment sometimes but it is one of the worst investment among the big choices an investor has right now USD Interest rate has been maintained too low for a long time and it looks like there is a pressure within to hike the rates or else overall it is will be bad in long term.
USD interest rate is low right now because Asian and European investors don't want to invest in those markets. Japan's economy is tanking fast and Greece is starting to spread contagion fears throughout Europe. Money is flooding into US bonds. As bonds get purchased, their prices rise. When their prices rise, yields decrease, due to the fixed coupon payments. As a result, US interest rates are flat, just because of the rush of foreign capital. The FED is keeping the interest rate at zero You do realize there's a bond market, right? The bond market is being manipulated by the fed via QE as well as the fed's promise to keep short term interest rates low for a long time. There are people speculating that the fed will continue to keep short terms rates low which pushes the market rate for longer term bonds low as well QE already ended. Please, your right wing fears are entirely unfounded. Go back to hoarding gold and whining about monetary inflation. The FED didn't unwind its balance sheet and didn't raise rate so we are still in a very lose monetary policy environment with a weak economy. The public debt is still growing fast and the Dollar will likely start crashing in 2015 or 2016 lol, okay. As soon as you start pulling dates out of thin air with no evidence I know you're full of shit. You can spew anti-US FUD, doesn't make it true. The FED didn't unwind its balance sheet and didn't raise rate so we are still in a very lose monetary policy environment with a weak economy. The public debt is still growing fast : those are facts we agree on
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Barabbas0
Newbie
Offline
Activity: 28
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December 28, 2014, 12:48:08 PM |
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dollar is the one only good for investment
It has been a good investment sometimes but it is one of the worst investment among the big choices an investor has right now USD Interest rate has been maintained too low for a long time and it looks like there is a pressure within to hike the rates or else overall it is will be bad in long term.
USD interest rate is low right now because Asian and European investors don't want to invest in those markets. Japan's economy is tanking fast and Greece is starting to spread contagion fears throughout Europe. Money is flooding into US bonds. As bonds get purchased, their prices rise. When their prices rise, yields decrease, due to the fixed coupon payments. As a result, US interest rates are flat, just because of the rush of foreign capital. The FED is keeping the interest rate at zero You do realize there's a bond market, right? The bond market is being manipulated by the fed via QE as well as the fed's promise to keep short term interest rates low for a long time. There are people speculating that the fed will continue to keep short terms rates low which pushes the market rate for longer term bonds low as well QE already ended. Please, your right wing fears are entirely unfounded. Go back to hoarding gold and whining about monetary inflation. The FED didn't unwind its balance sheet and didn't raise rate so we are still in a very lose monetary policy environment with a weak economy. The public debt is still growing fast and the Dollar will likely start crashing in 2015 or 2016 lol, okay. As soon as you start pulling dates out of thin air with no evidence I know you're full of shit. You can spew anti-US FUD, doesn't make it true. The FED didn't unwind its balance sheet and didn't raise rate so we are still in a very lose monetary policy environment with a weak economy. The public debt is still growing fast : those are facts we agree on Yeah, so what? USD is still the world's safest asset. By the way, I don't think you understand how QE works. The Federal Reserve issued low interest short term bonds to buy back high interest long term bonds. Also, the US is anything but a weak economy. It's been 6 years since recession, get over it.
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scarsbergholden
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December 28, 2014, 05:58:50 PM |
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dollar is the one only good for investment
It has been a good investment sometimes but it is one of the worst investment among the big choices an investor has right now USD Interest rate has been maintained too low for a long time and it looks like there is a pressure within to hike the rates or else overall it is will be bad in long term.
USD interest rate is low right now because Asian and European investors don't want to invest in those markets. Japan's economy is tanking fast and Greece is starting to spread contagion fears throughout Europe. Money is flooding into US bonds. As bonds get purchased, their prices rise. When their prices rise, yields decrease, due to the fixed coupon payments. As a result, US interest rates are flat, just because of the rush of foreign capital. The FED is keeping the interest rate at zero You do realize there's a bond market, right? The bond market is being manipulated by the fed via QE as well as the fed's promise to keep short term interest rates low for a long time. There are people speculating that the fed will continue to keep short terms rates low which pushes the market rate for longer term bonds low as well QE already ended. Please, your right wing fears are entirely unfounded. Go back to hoarding gold and whining about monetary inflation. The fed is not purchasing additional bonds however they are still holding bonds they previously purchased (and have a larger then usual balance sheet - much larger). They are also manipulating the bond market via their promise to keep short term interest rates low for a very long time (it has been ~5 years so far)
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picolo
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December 28, 2014, 10:06:44 PM |
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dollar is the one only good for investment
It has been a good investment sometimes but it is one of the worst investment among the big choices an investor has right now USD Interest rate has been maintained too low for a long time and it looks like there is a pressure within to hike the rates or else overall it is will be bad in long term.
What you describe was operation twist. The FED was buying 85 Billions MBS and US bonds a month and they didn't sell any USD interest rate is low right now because Asian and European investors don't want to invest in those markets. Japan's economy is tanking fast and Greece is starting to spread contagion fears throughout Europe. Money is flooding into US bonds. As bonds get purchased, their prices rise. When their prices rise, yields decrease, due to the fixed coupon payments. As a result, US interest rates are flat, just because of the rush of foreign capital. The FED is keeping the interest rate at zero You do realize there's a bond market, right? The bond market is being manipulated by the fed via QE as well as the fed's promise to keep short term interest rates low for a long time. There are people speculating that the fed will continue to keep short terms rates low which pushes the market rate for longer term bonds low as well QE already ended. Please, your right wing fears are entirely unfounded. Go back to hoarding gold and whining about monetary inflation. The FED didn't unwind its balance sheet and didn't raise rate so we are still in a very lose monetary policy environment with a weak economy. The public debt is still growing fast and the Dollar will likely start crashing in 2015 or 2016 lol, okay. As soon as you start pulling dates out of thin air with no evidence I know you're full of shit. You can spew anti-US FUD, doesn't make it true. The FED didn't unwind its balance sheet and didn't raise rate so we are still in a very lose monetary policy environment with a weak economy. The public debt is still growing fast : those are facts we agree on Yeah, so what? USD is still the world's safest asset. By the way, I don't think you understand how QE works. The Federal Reserve issued low interest short term bonds to buy back high interest long term bonds. Also, the US is anything but a weak economy. It's been 6 years since recession, get over it.
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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December 29, 2014, 12:58:48 AM |
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The fed is not purchasing additional bonds however they are still holding bonds they previously purchased (and have a larger then usual balance sheet - much larger). They are also manipulating the bond market via their promise to keep short term interest rates low for a very long time (it has been ~5 years so far)
In comments at private appearances, Ben Bernanke has stated that he does not expect interest rates to normalize in his lifetime. If the rate on the Japanese 10 year went to 2%, all the tax revenue of the Japanese government would not suffice to service the coupon payments. That is where the U.S. is heading, and it is no secret, merely an unmentionable elephant. Given that it is unlawful to default on the debt of the U.S. Treasury, the only possible outcome is hyperinflation: No austerity, no financial repression, no feasible growth will suffice to overcome the magnitude of the debt mountain. The debatable aspect is the timing of that hyperinflation. Everyone wants time to roll out of USD before it breaks loose.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Barabbas0
Newbie
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December 29, 2014, 10:07:04 AM |
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The fed is not purchasing additional bonds however they are still holding bonds they previously purchased (and have a larger then usual balance sheet - much larger). They are also manipulating the bond market via their promise to keep short term interest rates low for a very long time (it has been ~5 years so far)
In comments at private appearances, Ben Bernanke has stated that he does not expect interest rates to normalize in his lifetime. If the rate on the Japanese 10 year went to 2%, all the tax revenue of the Japanese government would not suffice to service the coupon payments. That is where the U.S. is heading, and it is no secret, merely an unmentionable elephant. Given that it is unlawful to default on the debt of the U.S. Treasury, the only possible outcome is hyperinflation: No austerity, no financial repression, no feasible growth will suffice to overcome the magnitude of the debt mountain. The debatable aspect is the timing of that hyperinflation. Everyone wants time to roll out of USD before it breaks loose. Please, investors are running from Japan to US. They are incomparable. Do you know what a yield curve is? If you did, you would know that all that doom and gloom you're spreading is not evident at all. We're fighting deflation, not hyperinflation. No one's "rolling out" of USD, they're flocking to it. Also, Treasury "debt" does not work like corporate or individual debt. It works more like company shares than anything else. That is, when a country's doing good (exporting) it's currency rises in price. That's what's happening to USD. It's getting bought up and the price is skyrocketing. I'm out of this thread. There's no logic or intelligence here. Just an anti-USD, pseudo-economist, pro gold and BTC, circlejerk.
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picolo
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December 29, 2014, 10:39:12 AM |
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The fed is not purchasing additional bonds however they are still holding bonds they previously purchased (and have a larger then usual balance sheet - much larger). They are also manipulating the bond market via their promise to keep short term interest rates low for a very long time (it has been ~5 years so far)
In comments at private appearances, Ben Bernanke has stated that he does not expect interest rates to normalize in his lifetime. If the rate on the Japanese 10 year went to 2%, all the tax revenue of the Japanese government would not suffice to service the coupon payments. That is where the U.S. is heading, and it is no secret, merely an unmentionable elephant. Given that it is unlawful to default on the debt of the U.S. Treasury, the only possible outcome is hyperinflation: No austerity, no financial repression, no feasible growth will suffice to overcome the magnitude of the debt mountain. The debatable aspect is the timing of that hyperinflation. Everyone wants time to roll out of USD before it breaks loose. Please, investors are running from Japan to US. They are incomparable. Do you know what a yield curve is? If you did, you would know that all that doom and gloom you're spreading is not evident at all. We're fighting deflation, not hyperinflation. No one's "rolling out" of USD, they're flocking to it. Also, Treasury "debt" does not work like corporate or individual debt. It works more like company shares than anything else. That is, when a country's doing good (exporting) it's currency rises in price. That's what's happening to USD. It's getting bought up and the price is skyrocketing. I'm out of this thread. There's no logic or intelligence here. Just an anti-USD, pseudo-economist, pro gold and BTC, circlejerk. The US has a 500 Billions negative trade balance and the Dollar will be less use while there are plenty of Dollar around.
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aminorex
Legendary
Offline
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Merit: 1029
Sine secretum non libertas
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December 29, 2014, 11:40:19 PM Last edit: December 29, 2014, 11:52:54 PM by aminorex |
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Please, investors are running from Japan to US. They are incomparable.
Investors are buying the Nikkei, and selling Yen. It's hardly running from Japan to US. Anyhow, you seem to take my prediction that the dollar will end in hyperinflation as implying that the dollar should be losing value relative to other currencies. That is non sequitur. Do you know what a yield curve is?
I spent a few months implementing various models of the yield curve (or surface), so I have a pretty good idea. Predictively modelling the yield curve would be extremely leveragable, so I invested quite a bit of time into it, until I ran into a brick wall trying to solve a boundary value problem in Hilbert space. I might return to it later if I have more time for basic research. If you did, you would know that all that doom and gloom you're spreading is not evident at all.
I don't perceive anything gloomy about it. Doom just means final fate. Yes, I perceive the doom of the USD as coming 1 day closer with each passing day. If you do not, then your perception of time is, shall we say, idiosyncratic, or your vision simply does not extend as far into the future. I suppose that any outcome or event seems gloomy to those who are unprepared for it. To those who see their plans bear fruit, the outcome is tasty and sweet -- or at least is not an unbuffered shock. We're fighting deflation, not hyperinflation. No one's "rolling out" of USD, they're flocking to it.
The first is true, the second is absolutely false. Some very large holders of USD debt are gradually liquidating already and have been doing so for quite some time. QE was a god-send for them as it was a huge opportunity to exit without slippage. Also, Treasury "debt" does not work like corporate or individual debt. It works more like company shares than anything else. That is, when a country's doing good (exporting) it's currency rises in price. That's what's happening to USD. It's getting bought up and the price is skyrocketing.
The monthly balance of trade has declined from -35bn USD one year ago, to -43bn USD at last report. Meanwhile, DXY went from 80 to 90. Methinks your explanation is lacking in evidence. Methinks the facts are actually supportive of my view, that Japan has left the domain of perceived sovereign risklessness, for the same reasons that the U.S. will one day step outside that pale. I'm out of this thread. There's no logic or intelligence here. Just an anti-USD, pseudo-economist, pro gold and BTC, circlejerk.
I am bearish gold on a short time frame, bearish on a medium time frame, and bullish on a long time frame. I doubt you understand what I think. I am long USDJPY, for example. That does not mean that it is any less obvious to me that USD will not eventually face the same terminal decline as JPY. It just means not yet. Kicking the can down the road works until you run out of road. A long-term prediction can be perfectly right in the long-term, while being completely wrong in every intervening time period. I am pretty sure we have at least another 6-9 months of blind faith in central planning being the dominating force in financial markets globally. Your challenging remarks are appreciated. Your juvenile remarks are not. I'm torn as to whether it is good or bad that you should run away.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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deluxeCITY
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December 30, 2014, 12:27:21 AM |
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In comments at private appearances, Ben Bernanke has stated that he does not expect interest rates to normalize in his lifetime. If the rate on the Japanese 10 year went to 2%, all the tax revenue of the Japanese government would not suffice to service the coupon payments. That is where the U.S. is heading, and it is no secret, merely an unmentionable elephant. Given that it is unlawful to default on the debt of the U.S. Treasury, the only possible outcome is hyperinflation: No austerity, no financial repression, no feasible growth will suffice to overcome the magnitude of the debt mountain. The debatable aspect is the timing of that hyperinflation. Everyone wants time to roll out of USD before it breaks loose. It may be against the law to default on US (federal) government debt however if the US is not able to raise enough money to pay it's bondholders then it will have no choice but to default. There may become a point where potential investors will not be willing to lend to the US federal government at any price (interest rate)
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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December 30, 2014, 12:49:22 AM |
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In comments at private appearances, Ben Bernanke has stated that he does not expect interest rates to normalize in his lifetime. If the rate on the Japanese 10 year went to 2%, all the tax revenue of the Japanese government would not suffice to service the coupon payments. That is where the U.S. is heading, and it is no secret, merely an unmentionable elephant. Given that it is unlawful to default on the debt of the U.S. Treasury, the only possible outcome is hyperinflation: No austerity, no financial repression, no feasible growth will suffice to overcome the magnitude of the debt mountain. The debatable aspect is the timing of that hyperinflation. Everyone wants time to roll out of USD before it breaks loose. It may be against the law to default on US (federal) government debt however if the US is not able to raise enough money to pay it's bondholders then it will have no choice but to default. There may become a point where potential investors will not be willing to lend to the US federal government at any price (interest rate) The Fed will always be there to buy bonds. So it's not a problem. Move along.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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polarhei
Sr. Member
Offline
Activity: 462
Merit: 250
Firing it up
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December 30, 2014, 07:26:03 AM |
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Dollar comes an End? Well, just adjusting the way since there are many people believing BTC.
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Haslett5236
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December 30, 2014, 09:53:30 AM |
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Dollar comes an End? Well, just adjusting the way since there are many people believing BTC. dollar will not be end..
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picolo
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December 30, 2014, 11:45:46 AM |
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In comments at private appearances, Ben Bernanke has stated that he does not expect interest rates to normalize in his lifetime. If the rate on the Japanese 10 year went to 2%, all the tax revenue of the Japanese government would not suffice to service the coupon payments. That is where the U.S. is heading, and it is no secret, merely an unmentionable elephant. Given that it is unlawful to default on the debt of the U.S. Treasury, the only possible outcome is hyperinflation: No austerity, no financial repression, no feasible growth will suffice to overcome the magnitude of the debt mountain. The debatable aspect is the timing of that hyperinflation. Everyone wants time to roll out of USD before it breaks loose. It may be against the law to default on US (federal) government debt however if the US is not able to raise enough money to pay it's bondholders then it will have no choice but to default. There may become a point where potential investors will not be willing to lend to the US federal government at any price (interest rate) The Fed will always be there to buy bonds. So it's not a problem. Move along. If the FED becomes the only buyer the Dollar will tank and loose most its value. We will risk hyperinflation.
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Pruden
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December 30, 2014, 12:12:44 PM |
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The fed is not purchasing additional bonds however they are still holding bonds they previously purchased (and have a larger then usual balance sheet - much larger). They are also manipulating the bond market via their promise to keep short term interest rates low for a very long time (it has been ~5 years so far)
In comments at private appearances, Ben Bernanke has stated that he does not expect interest rates to normalize in his lifetime. If the rate on the Japanese 10 year went to 2%, all the tax revenue of the Japanese government would not suffice to service the coupon payments. That is where the U.S. is heading, and it is no secret, merely an unmentionable elephant. Given that it is unlawful to default on the debt of the U.S. Treasury, the only possible outcome is hyperinflation: No austerity, no financial repression, no feasible growth will suffice to overcome the magnitude of the debt mountain. The debatable aspect is the timing of that hyperinflation. Everyone wants time to roll out of USD before it breaks loose. Why does it have to be an extreme event? Why couldn't it be just quite higher inflation? 5-8% would be enough, and anything higher, with two digits, would cause panic. The only reason I see for hyperinflation is that the mood can't be managed, but after it didn't happen in the 70's I see no reason to expect it now.
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aminorex
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Sine secretum non libertas
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December 30, 2014, 11:08:43 PM |
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thresher, you're like the guy who gives no credence to global warming because the winter is cold.
i keep saying the dollar is going to be strong for while yet. when the squeeze on dollar shorts is over (which will take a while, since there are so many USD denominated loans offshore), then we'll see what the next phase looks like. It may be a hyper- phase, or it may not yet. An eventual hyper- phase is inevitable, however. It's just math.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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picolo
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December 31, 2014, 11:48:44 AM |
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thresher, you're like the guy who gives no credence to global warming because the winter is cold.
i keep saying the dollar is going to be strong for while yet. when the squeeze on dollar shorts is over (which will take a while, since there are so many USD denominated loans offshore), then we'll see what the next phase looks like. It may be a hyper- phase, or it may not yet. An eventual hyper- phase is inevitable, however. It's just math.
Taking loans in Dollar to buy mining companies, oil companies, gold or bitcoin seem like the trade of 2015
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Sergios
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December 31, 2014, 12:36:28 PM |
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Nope the dollar isn't going "to end". This article is clearly written to bet an S load of shares and tweets about what is right and wrong with everything in between. Looking to the past and "copy/pasting" it to a current day problem/situation is one of the first big "no-no"s that are being hammered in at quality universities all over the world. That this "dude" did that doesn't give much value to his mindless ramblings. Besides a currency doesn't go "bust" suddenly, they just print out more money under the guise of some .......( insertion place for the politicians motivation)reason.
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Sergios
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December 31, 2014, 12:47:13 PM |
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Furthermore a currency that is basically a "world currency", like the dollar, Euro, Yaun and others to fall into dust so to speak, everyone should use other currencies for trading and avoid these currencies, which you can't. Why is that? because it is easy, fast, reliable ( to certain extent) because it has a government backing the currency ( which is saying every resident of said country is backing that coin/currency), etc.
I believe that "fiat" currency and digital currency ( though your paycheck is also digital when it arrives on your bank account)will continue to co-exist for a long time... or something catastrpohic should happen ( in the financial sector... like the news that "every single gold bar reserve of the US fed reserve are fakes") then it is likely that a currency potentially "could" find itself in a major "S** storm". Still the elites, banks etc are in charge and do you really think they give everything up without a fight?
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aminorex
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December 31, 2014, 03:46:43 PM |
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a currency doesn't go "bust" suddenly, they just print out more money under the guise of some .......( insertion place for the politicians motivation)reason. That scenario is exactly what I would call "bust". And it has already begun. It just hasn't played out to the end-game yet. My views are consistent with the expectations voiced by Ambrose Evans-Pritchard recently (in the Telegraph), that "a world awash with excess capacity cannot withstand a fully-fledged dollar tightening shock. The effects will ricochet back into the US eventually, but that could be a long time hence, and this in a sense is the problem for asset markets." ...reliable ( to certain extent) because it has a government backing the currency ( which is saying every resident of said country is backing that coin/currency)...
As the U.S. wealth distribution shifts to Gini extremes, the ability of the population to effectively back the USD declines with their declining share of tax burden. Those who are able (the few wealthy) are disinclined to expend their wealth backing the USD. They rotate offshore first. They will avoid the tax burden, so they cannot be expected to support the currency. Still the elites, banks etc are in charge and do you really think they give everything up without a fight?
Of course not. They are first into the lifeboats. Death by drowning is reserved for steerage class passengers. Heck, that's what lifeboats are *for*.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Eastwind
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January 01, 2015, 05:17:21 PM |
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thresher, you're like the guy who gives no credence to global warming because the winter is cold.
i keep saying the dollar is going to be strong for while yet. when the squeeze on dollar shorts is over (which will take a while, since there are so many USD denominated loans offshore), then we'll see what the next phase looks like. It may be a hyper- phase, or it may not yet. An eventual hyper- phase is inevitable, however. It's just math.
Taking loans in Dollar to buy mining companies, oil companies, gold or bitcoin seem like the trade of 2015 If the oil price stays below $50, that could be bad investment.
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picolo
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January 01, 2015, 09:47:25 PM |
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thresher, you're like the guy who gives no credence to global warming because the winter is cold.
i keep saying the dollar is going to be strong for while yet. when the squeeze on dollar shorts is over (which will take a while, since there are so many USD denominated loans offshore), then we'll see what the next phase looks like. It may be a hyper- phase, or it may not yet. An eventual hyper- phase is inevitable, however. It's just math.
Taking loans in Dollar to buy mining companies, oil companies, gold or bitcoin seem like the trade of 2015 If the oil price stays below $50, that could be bad investment. The oil price will likely rise again within 2 years
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General_A
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January 01, 2015, 11:45:35 PM |
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thresher, you're like the guy who gives no credence to global warming because the winter is cold.
i keep saying the dollar is going to be strong for while yet. when the squeeze on dollar shorts is over (which will take a while, since there are so many USD denominated loans offshore), then we'll see what the next phase looks like. It may be a hyper- phase, or it may not yet. An eventual hyper- phase is inevitable, however. It's just math.
Taking loans in Dollar to buy mining companies, oil companies, gold or bitcoin seem like the trade of 2015 If the oil price stays below $50, that could be bad investment. The oil price will likely rise again within 2 years Yeah, I am no expert but I do believe that there is a good bargain to be had in the oil sector right now.
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xcapator
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Here I Am !!
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January 02, 2015, 11:47:02 AM |
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People are judging the value of their btc against the dollar in one breath and calling the dollar dead in the next, what a joke !
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mindrust
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January 02, 2015, 11:51:44 AM |
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US Dollars is going to rule the world as long as USA lives.
I was thinking only Euro is strong enough to challange $'s power but $ just kicked €'s a** as he did BTC's a few months ago.
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. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
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General_A
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January 02, 2015, 11:57:23 AM |
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US Dollars is going to rule the world as long as USA lives.
I was thinking only Euro is strong enough to challange $'s power but $ just kicked €'s a** as he did BTC's a few months ago.
True story..... No one would want to be in the Euro over the dollar anymore!
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Crypty3
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January 02, 2015, 12:03:02 PM |
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US Dollars is going to rule the world as long as USA lives.
I was thinking only Euro is strong enough to challange $'s power but $ just kicked €'s a** as he did BTC's a few months ago.
True story..... No one would want to be in the Euro over the dollar anymore! Or BTC for that matter
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darkmind
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January 02, 2015, 04:46:00 PM |
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People are judging the value of their btc against the dollar in one breath and calling the dollar dead in the next, what a joke !
at some point, you won't need to convert to dollar to buy everything you need with cryptos
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molecular
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January 02, 2015, 06:36:26 PM |
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US Dollars is going to rule the world as long as USA lives.
I was thinking only Euro is strong enough to challange $'s power but $ just kicked €'s a** as he did BTC's a few months ago.
why? the EUR is way ahead in the race to the bottom. Many consider deliberate currency devaluation to be a tool that can help jump start a nation’s economy. The aim of such a practice is to increase exports while encouraging domestic purchases by making goods outside of the country relatively more expensive.
However, like any good prisoner’s dilemma, this might be the case if only one country acted in isolation. The reality is that many major countries engage in the same policy, and the end result – as the infographic details – is a race to the bottom.
The currency war isn't over yet, though.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Crypty3
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January 02, 2015, 06:38:27 PM |
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People are judging the value of their btc against the dollar in one breath and calling the dollar dead in the next, what a joke !
at some point, you won't need to convert to dollar to buy everything you need with cryptos That's not happening anytime soon.
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picolo
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January 02, 2015, 09:31:17 PM |
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People are judging the value of their btc against the dollar in one breath and calling the dollar dead in the next, what a joke !
at some point, you won't need to convert to dollar to buy everything you need with cryptos You can already buy a lot with BTC. BTC could get huge with a price of 40,000$ or more and still be a little bit under the radar.
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leex1528
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January 09, 2015, 01:47:24 PM |
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You can already buy a lot with BTC. BTC could get huge with a price of 40,000$ or more and still be a little bit under the radar.
I don't see that ever happening. 40,000 is a huge number and it just doesn't seem like that could happen. Don't get me wrong I would love it if it did. The dollar will not go away in anyones life time on this board. IT may eventually come to an end but not in our lifetime.
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bakedrice
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January 09, 2015, 01:54:26 PM |
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perhaps WW3 breaking out could lead to a reshuffle of world powers
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leex1528
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January 09, 2015, 02:04:38 PM |
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perhaps WW3 breaking out could lead to a reshuffle of world powers
It could, but I still don't see that killing the dollar overall. The amount of change that would have to come would be so drastic it is just going to take a lot of time to change. Nothing more than time will change the value of the dollar.
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bakedrice
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January 09, 2015, 02:34:07 PM |
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perhaps WW3 breaking out could lead to a reshuffle of world powers
It could, but I still don't see that killing the dollar overall. The amount of change that would have to come would be so drastic it is just going to take a lot of time to change. Nothing more than time will change the value of the dollar.
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BillyBobZorton
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January 09, 2015, 06:59:52 PM |
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What would happen to 99% of hip hop songs? They are all based around making dollars. All the lyrics would be rendered deprecated out of a sudden. What about all these bling bling chains?
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picolo
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January 09, 2015, 09:44:36 PM |
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What would happen to 99% of hip hop songs? They are all based around making dollars. All the lyrics would be rendered deprecated out of a sudden. What about all these bling bling chains?
Having a million Dollars is not what it used to be but it will not be extraordinary at all anymore in a few decades.
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Hope78
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January 09, 2015, 11:07:22 PM |
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What would happen to 99% of hip hop songs? They are all based around making dollars. All the lyrics would be rendered deprecated out of a sudden. What about all these bling bling chains?
You can never go wrong with comercial hip-hop. As long as there tv, radio and internet will exist. This newschool, crappy hip-hop it's made to be sold and make millions. Managers and performers will always fill their pockets. You can't sell a simple thing, thesedays, wrong is the new cool.
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Possum577
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January 10, 2015, 07:21:08 AM |
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The dollar isn't going anywhere as long as it's used to BUY BITCOIN!
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picolo
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January 10, 2015, 02:19:18 PM |
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The dollar isn't going anywhere as long as it's used to BUY BITCOIN!
You could imagine buying bitcoins in Swiss France, Yuan, Gold or with your possessions or time.
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Erdogan
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January 10, 2015, 07:23:38 PM |
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The dollar isn't going anywhere as long as it's used to BUY BITCOIN!
Smart guy. When you buy bitcoin with dollars you stimulate bitcoin and depress dollar. Marginal, you can't measure it but it is there.
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neurotypical
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January 10, 2015, 08:00:05 PM |
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The dollar isn't going anywhere as long as it's used to BUY BITCOIN!
Smart guy. When you buy bitcoin with dollars you stimulate bitcoin and depress dollar. Marginal, you can't measure it but it is there. The next step is buying Bitcoin with Bitcoin.
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NotLambchop
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January 10, 2015, 08:08:22 PM |
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The dollar isn't going anywhere as long as it's used to BUY BITCOIN!
Smart guy. When you buy bitcoin dollar with dollars bitcoins you stimulate bitcoin dollar and depress dollars bitcoins. Marginal, you can't measure it but it is there. FTFY
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oblivi
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January 12, 2015, 02:13:07 AM |
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The dollar isn't going anywhere as long as it's used to BUY BITCOIN!
Smart guy. When you buy bitcoin dollar with dollars bitcoins you stimulate bitcoin dollar and depress dollars bitcoins. Marginal, you can't measure it but it is there. FTFY Well we can play that game all day.
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Ingatqhvq
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January 12, 2015, 10:02:14 AM |
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Dollar hard to an end.
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NotLambchop
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January 12, 2015, 01:38:28 PM |
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The dollar isn't going anywhere as long as it's used to BUY BITCOIN!
Smart guy. When you buy bitcoin dollar with dollars bitcoins you stimulate bitcoin dollar and depress dollars bitcoins. Marginal, you can't measure it but it is there. FTFY Well we can play that game all day. That's the point. When Bob spends dollar to buy Bitcoin from Al, Al spends Bitcoin to buy dollar from Bob. When a coin is bought, it is (at the very same time) sold. Basics which many of our esteemed financiers fail to grasp.
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picolo
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January 12, 2015, 07:07:49 PM |
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The dollar isn't going anywhere as long as it's used to BUY BITCOIN!
Smart guy. When you buy bitcoin dollar with dollars bitcoins you stimulate bitcoin dollar and depress dollars bitcoins. Marginal, you can't measure it but it is there. FTFY Well we can play that game all day. That's the point. When Bob spends dollar to buy Bitcoin from Al, Al spends Bitcoin to buy dollar from Bob. When a coin is bought, it is (at the very same time) sold. Basics which many of our esteemed financiers fail to grasp. Yes but if Bob didn't have any bitcoins and is willing to pay a higher price than the previous sell, it's positive for Bitcoin and new money is coming on the market.
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NotLambchop
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January 12, 2015, 07:20:55 PM Last edit: January 12, 2015, 09:24:15 PM by NotLambchop |
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... and is willing to pay a higher price than the previous sell...
Bob has wised up & isn't willing to pay more than the previous sell price. He's not even willing to pay as much as the last sell price => BTC price tanking. Money is exiting the Bitcoin network
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okthen
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January 12, 2015, 09:06:01 PM |
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What would happen to 99% of hip hop songs? They are all based around making dollars. All the lyrics would be rendered deprecated out of a sudden. What about all these bling bling chains?
"Dollar" will become an obscure, depreciative, guetto name for the satoshi unit. That should be that dirty word's legacy.
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picolo
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January 12, 2015, 10:40:10 PM |
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... and is willing to pay a higher price than the previous sell...
Bob has wised up & isn't willing to pay more than the previous sell price. He's not even willing to pay as much as the last sell price => BTC price tanking. Money is exiting the Bitcoin network Right now it is true. cex.io stopped cloud mining, bitstamp has been hacked, the Dollar is strenghtening against all currencies. In Euro Bitcoin is still at 230 euros and things will change when the Dollar will tank and Bitcoin starts having positive news, a positive trend. The future will look very bright for Bitcoin and the price will rise but it will be too late to make a big profit for those who didn't believe in it.
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Son0fLamb
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January 13, 2015, 12:27:50 AM |
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... and is willing to pay a higher price than the previous sell...
Bob has wised up & isn't willing to pay more than the previous sell price. He's not even willing to pay as much as the last sell price => BTC price tanking. Money is exiting the Bitcoin network Right now it is true. cex.io stopped cloud mining, bitstamp has been hacked, the Dollar is strenghtening against all currencies. In Euro Bitcoin is still at 230 euros and things will change when the Dollar will tank and Bitcoin starts having positive news, a positive trend. The future will look very bright for Bitcoin and the price will rise but it will be too late to make a big profit for those who didn't believe in it. No better way to lose money than blind faith in shit you don't understand. But hey, if it wasn't for your ilk, this forum wouldn't be full of raped lolcows what it is today. Carry on.
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s1ng
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January 13, 2015, 02:41:47 PM |
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Dollar hard to an end.
I agree. Dollar will survive for a long time For example : dollar is crushing my local currency from Rp 9000 / US$ and now it raised become Rp 12.600 / US$ My local currency is keep struggling to make it up
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picolo
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January 13, 2015, 08:20:52 PM |
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Dollar hard to an end.
I agree. Dollar will survive for a long time For example : dollar is crushing my local currency from Rp 9000 / US$ and now it raised become Rp 12.600 / US$ My local currency is keep struggling to make it up The Dollar really strenghtened lately but it is likely to go down against assets during the next few years. Some other currencies go down even faster.
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Erdogan
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January 13, 2015, 09:03:19 PM |
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The dollar isn't going anywhere as long as it's used to BUY BITCOIN!
Smart guy. When you buy bitcoin dollar with dollars bitcoins you stimulate bitcoin dollar and depress dollars bitcoins. Marginal, you can't measure it but it is there. FTFY Well we can play that game all day. He changed everything, but it is still correct. Glitters.
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leex1528
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January 14, 2015, 01:22:24 PM |
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I think a better question is when will the dollar become the world currency as opposed to killed off.
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picolo
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January 14, 2015, 03:02:46 PM |
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I think a better question is when will the dollar become the world currency as opposed to killed off.
The US Dollar weight in international transactions and as Central Banks reserves has been in decline for years.
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Mcqueen44
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January 15, 2015, 07:56:01 PM |
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I don't know if I can agree with the article. The U.S. dollar is based on a debt system that itself is based on it's military and oil. When OPEC stops writing checks to the U.S. using U.S. dollars then I will be worried but until then I don't think I will bat an eye to these articles anymore. As long as the U.S. has it's military might to keep OPEC within it's grasp, the U.S. dollar will still be the worldwide currency. That's my belief at least.
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leex1528
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January 15, 2015, 11:05:04 PM |
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Will the Bitcoin survive the year? Tough to say, I don't see the dollar going anywhere for quite some time though!
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picolo
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January 16, 2015, 01:38:02 PM |
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I don't know if I can agree with the article. The U.S. dollar is based on a debt system that itself is based on it's military and oil. When OPEC stops writing checks to the U.S. using U.S. dollars then I will be worried but until then I don't think I will bat an eye to these articles anymore. As long as the U.S. has it's military might to keep OPEC within it's grasp, the U.S. dollar will still be the worldwide currency. That's my belief at least.
If bubbles pop and interest rates rise, the FED will create a lot of Dollar, the faith in the Dollar will go down, its value will go down and you have to pay the military with value so it will harder to pay them or it will take more Dollar which means more will be created and the value of the Dollar will go down even more.
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BaselessBitcoin
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January 16, 2015, 02:05:22 PM |
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I posted this in another thread but it is relevant here.
The dollar won't ever tank. Most people think it is valuated through the fed and others but really it is backed by the most expensive military ever. Oh yea america can put econ sanctions on many this has value. As long as a govt with these things is using the dollar the dollar won't be tanking any time soon.
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leex1528
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January 16, 2015, 03:08:25 PM |
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I posted this in another thread but it is relevant here.
The dollar won't ever tank. Most people think it is valuated through the fed and others but really it is backed by the most expensive military ever. Oh yea america can put econ sanctions on many this has value. As long as a govt with these things is using the dollar the dollar won't be tanking any time soon.
This to an extent. I will go as far to say it won't take in anyone's lifetime currently. We don't know what is going to be going on 200 years down the road from now, so it is foolish to try and guess what will happen.
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BaselessBitcoin
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January 16, 2015, 03:16:38 PM |
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I posted this in another thread but it is relevant here.
The dollar won't ever tank. Most people think it is valuated through the fed and others but really it is backed by the most expensive military ever. Oh yea america can put econ sanctions on many this has value. As long as a govt with these things is using the dollar the dollar won't be tanking any time soon.
This to an extent. I will go as far to say it won't take in anyone's lifetime currently. We don't know what is going to be going on 200 years down the road from now, so it is foolish to try and guess what will happen. I agree with you. Say it won't ever tank might have been too strong of language. I meant more a long the lines of in my lifetime I don't think it ever will.
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picolo
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January 16, 2015, 03:43:21 PM |
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I posted this in another thread but it is relevant here.
The dollar won't ever tank. Most people think it is valuated through the fed and others but really it is backed by the most expensive military ever. Oh yea america can put econ sanctions on many this has value. As long as a govt with these things is using the dollar the dollar won't be tanking any time soon.
This to an extent. I will go as far to say it won't take in anyone's lifetime currently. We don't know what is going to be going on 200 years down the road from now, so it is foolish to try and guess what will happen. I agree with you. Say it won't ever tank might have been too strong of language. I meant more a long the lines of in my lifetime I don't think it ever will. The $ has been tanking for decades! It already lost most its purchasing power and it will keep losing probably at a much faster rate in the near future!
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Eastwind
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January 16, 2015, 03:54:38 PM |
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The $ has been tanking for decades! It already lost most its purchasing power and it will keep losing probably at a much faster rate in the near future!
All currencies are tanking due to inflation, $ is not an exception.
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maku
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January 16, 2015, 04:08:00 PM |
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The $ has been tanking for decades! It already lost most its purchasing power and it will keep losing probably at a much faster rate in the near future!
All currencies are tanking due to inflation, $ is not an exception. While inflation is normal and we can't fight it completely we need to look at the inflation rate. Dolar in the early 20th. century for almost 70 years kept its value almost on the same level. But now look at the last 30 years. Inflation during that time was higher than in the all years of dollar existence before combined.
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leex1528
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January 27, 2015, 06:56:40 PM |
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I posted this in another thread but it is relevant here.
The dollar won't ever tank. Most people think it is valuated through the fed and others but really it is backed by the most expensive military ever. Oh yea america can put econ sanctions on many this has value. As long as a govt with these things is using the dollar the dollar won't be tanking any time soon.
This to an extent. I will go as far to say it won't take in anyone's lifetime currently. We don't know what is going to be going on 200 years down the road from now, so it is foolish to try and guess what will happen. I agree with you. Say it won't ever tank might have been too strong of language. I meant more a long the lines of in my lifetime I don't think it ever will. The $ has been tanking for decades! It already lost most its purchasing power and it will keep losing probably at a much faster rate in the near future! So what hasn't been tanking then? This is true for pretty much everything due to the way inflation is occurring. I don't think it will "crash" in our lifetime is all I am saying, so 125+ years of the US dollar is to remain at the very least.
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BillyBobZorton
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January 30, 2015, 01:49:29 PM |
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I posted this in another thread but it is relevant here.
The dollar won't ever tank. Most people think it is valuated through the fed and others but really it is backed by the most expensive military ever. Oh yea america can put econ sanctions on many this has value. As long as a govt with these things is using the dollar the dollar won't be tanking any time soon.
This to an extent. I will go as far to say it won't take in anyone's lifetime currently. We don't know what is going to be going on 200 years down the road from now, so it is foolish to try and guess what will happen. I agree with you. Say it won't ever tank might have been too strong of language. I meant more a long the lines of in my lifetime I don't think it ever will. The $ has been tanking for decades! It already lost most its purchasing power and it will keep losing probably at a much faster rate in the near future! So what hasn't been tanking then? This is true for pretty much everything due to the way inflation is occurring. I don't think it will "crash" in our lifetime is all I am saying, so 125+ years of the US dollar is to remain at the very least. At about 2070 if history repeats itself, the current cycle will be over and the system will be inviable. Bitcoin should be off the charts by then. We'll be old as fuck/death by then tho, so who cares.
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Beyonce
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Surfbort.
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January 30, 2015, 04:35:34 PM |
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Like Armageddon people have been proclaiming it's coming very shortly since the day dot. That being said, nothing lasts forever and the dollar as with other currencies will likely collapse or lose most of their value at some point, the question is just when. Will the Bitcoin survive the year? Tough to say, I don't see the dollar going anywhere for quite some time though!
It'll be a while for sure but keep printing more and more of it and you'll speed the process up.
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Bow down, bitches.
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leex1528
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January 30, 2015, 04:38:15 PM |
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Like Armageddon people have been proclaiming it's coming very shortly since the day dot. That being said, nothing lasts forever and the dollar as with other currencies will likely collapse or lose most of their value at some point, the question is just when. Will the Bitcoin survive the year? Tough to say, I don't see the dollar going anywhere for quite some time though!
It'll be a while for sure but keep printing more and more of it and you'll speed the process up. Not really, I don't think they are producing enough bills with the cost of living going up and the cost of everything. We would all be making a lot more money if that was the plan.
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pereira4
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January 30, 2015, 06:40:18 PM |
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Like Armageddon people have been proclaiming it's coming very shortly since the day dot. That being said, nothing lasts forever and the dollar as with other currencies will likely collapse or lose most of their value at some point, the question is just when. Will the Bitcoin survive the year? Tough to say, I don't see the dollar going anywhere for quite some time though!
It'll be a while for sure but keep printing more and more of it and you'll speed the process up. Not really, I don't think they are producing enough bills with the cost of living going up and the cost of everything. We would all be making a lot more money if that was the plan. The worst is if you are a student. A lot of students that graduate will not be able to find jobs and will have the college debt for life.
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leex1528
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January 30, 2015, 06:42:15 PM |
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Like Armageddon people have been proclaiming it's coming very shortly since the day dot. That being said, nothing lasts forever and the dollar as with other currencies will likely collapse or lose most of their value at some point, the question is just when. Will the Bitcoin survive the year? Tough to say, I don't see the dollar going anywhere for quite some time though!
It'll be a while for sure but keep printing more and more of it and you'll speed the process up. Not really, I don't think they are producing enough bills with the cost of living going up and the cost of everything. We would all be making a lot more money if that was the plan. The worst is if you are a student. A lot of students that graduate will not be able to find jobs and will have the college debt for life. I agree with you, I am a graduated student luckily I have a full time job that pays good but a lot of College kids are pretty much going to end up going bankrupt
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picolo
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January 31, 2015, 09:32:25 AM |
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Like Armageddon people have been proclaiming it's coming very shortly since the day dot. That being said, nothing lasts forever and the dollar as with other currencies will likely collapse or lose most of their value at some point, the question is just when. Will the Bitcoin survive the year? Tough to say, I don't see the dollar going anywhere for quite some time though!
It'll be a while for sure but keep printing more and more of it and you'll speed the process up. Not really, I don't think they are producing enough bills with the cost of living going up and the cost of everything. We would all be making a lot more money if that was the plan. The worst is if you are a student. A lot of students that graduate will not be able to find jobs and will have the college debt for life. You lose time and money if you go to college for a worthless degree; if the state pays it means it is paid by people having jobs wether they went to college or not. The quality will go down and the cost will go up.
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Coinshot
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January 31, 2015, 06:36:05 PM |
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Dollar is here to stay. The entire world economy depends on it and its the refuge everyone takes in times of crisis.
BTC was supposed to be superior but everybody can not wait to rush into dollars at any sign of trouble.
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AtheistAKASaneBrain
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February 01, 2015, 02:13:05 AM |
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Dollar is here to stay. The entire world economy depends on it and its the refuge everyone takes in times of crisis.
BTC was supposed to be superior but everybody can not wait to rush into dollars at any sign of trouble.
In our lifetime we may have to deal with the fact the dollar will be strong enough to survive for at least 50 to 100 years.
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botany
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February 02, 2015, 03:50:02 PM |
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Dollar is here to stay. The entire world economy depends on it and its the refuge everyone takes in times of crisis.
BTC was supposed to be superior but everybody can not wait to rush into dollars at any sign of trouble.
It has remained the world currency for quite some time now. Time for a change.
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Amph
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February 02, 2015, 04:17:54 PM |
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dollar never existed it is just a toilet paper
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Possum577
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February 02, 2015, 11:49:22 PM |
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When is the Dollar coming to an end?
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Coinshot
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February 03, 2015, 02:21:14 PM |
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Dollar is here to stay. The entire world economy depends on it and its the refuge everyone takes in times of crisis.
BTC was supposed to be superior but everybody can not wait to rush into dollars at any sign of trouble.
It has remained the world currency for quite some time now. Time for a change. Wishing for a change does not make it so. Its still the strongest hedge out there, and during any crisis the first thing done including by BTC holders is to move into dollars.
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dyalldough
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February 03, 2015, 06:35:31 PM |
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The dollar will only come to an end when the US stops being a militarized economy. That will never happen until America is destroyed.
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Erdogan
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February 03, 2015, 06:51:35 PM |
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The dollar will only come to an end when the US stops being a militarized economy. That will never happen until America is destroyed.
Or it can go down in a military bubble - like the one obama is blowing as we speak.
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neurotypical
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February 03, 2015, 11:49:37 PM |
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The dollar will only come to an end when the US stops being a militarized economy. That will never happen until America is destroyed.
America better never get destroyed. It's one of the main forces keeping the degenerates in ISISworld away, unless you are a conspiranoid-tard.
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stonerider
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February 05, 2015, 03:04:01 AM |
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Too much Islamo-Fascism I sense in this thread.
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amspir
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February 05, 2015, 03:04:27 AM |
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The dollar will only come to an end when the US stops being a militarized economy. That will never happen until America is destroyed.
America better never get destroyed. It's one of the main forces keeping the degenerates in ISISworld away, unless you are a conspiranoid-tard. America has a growing sector of private military and intelligence contractors with armies of lobbyists that fight to insure that their market share will never go down. The stigma of being a war profiteer doesn't matter much anymore. ISIS and other terrorists groups seem to be using weapons that came from America and other countries America does business with, ISIS doesn't make them themselves. Drop bombs from killer robots in the sky on terrorists, the collateral damage inspires a new generations of hate-filled extremists, and further demand for high-tech weapons and intelligence to take more terrorists out. Also it creates a demand for more weapons that eventually make their way to the terrorist groups. It seems to me to be a very profitable racket for defense, intelligence, and weapons industries when America is engaged in perpetual war. However, when half-million dollar bombs are used to take out 500 dollar pickup trucks, eventually America will go broke.
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BillyBobZorton
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February 08, 2015, 04:27:51 PM |
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When is the Dollar coming to an end?
Dunno but when it happens im going to open some brand new Chardonnay.
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picolo
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February 08, 2015, 04:42:23 PM |
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When is the Dollar coming to an end?
Dunno but when it happens im going to open some brand new Chardonnay. The sharp decline of the Dollar could start in 2015 or 2016.
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ajareselde
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Satoshi is rolling in his grave. #bitcoin
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February 08, 2015, 08:01:33 PM |
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When is the Dollar coming to an end?
Dunno but when it happens im going to open some brand new Chardonnay. The sharp decline of the Dollar could start in 2015 or 2016. It's more probable that we will see US engaged in new wars , trying to keep their economy alive than we will see a major dollar decline. They are what they are, but its a fact that they have largest military in the world, and they sure do keep it busy invading "terrorist" countrys, that accidentaly have large amount of natural resources..
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validium
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Decentralized thinking
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February 09, 2015, 05:43:10 AM |
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Moscow and Cairo to drop usd Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media ahead of his Monday visit to the country.
http://rt.com/business/230447-russia-egypt-trade-dollar-drop/
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polarhei
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Firing it up
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February 14, 2015, 03:10:44 AM |
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If the two big brokers to tell the Uncle Sam to pay the loan within few years...
If unprepared, then they will fall into the trap which Uncle Sam set.
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grendel25
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February 14, 2015, 05:08:05 AM |
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Feel free to send all your "coming to an end" dollars to me. I'll keep them nice and safe!
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erikalui
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February 14, 2015, 01:41:41 PM |
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LOL! This will never happen at least in my lifetime Dollars will exist for millions of years and they have been a dominating currency since ages so it coming to an end is almost impossible.
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Meuh6879
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February 14, 2015, 03:55:42 PM |
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When is the Dollar coming to an end?
2017.
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bigkahuna
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February 14, 2015, 05:11:19 PM |
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The US dollar will probably not disappear. What is more likely is that it will lose some of its exclusivity as the world's reserve currency.
Other currencies are bound to challenge for this position, perhaps even Bitcoin.
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AtheistAKASaneBrain
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February 14, 2015, 08:14:12 PM |
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When is the Dollar coming to an end?
Dunno but when it happens im going to open some brand new Chardonnay. The sharp decline of the Dollar could start in 2015 or 2016. No way, its too soon to see any relevant decline. It will take at least a decade to see a solid downtrend.
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kitarohotono
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February 14, 2015, 10:24:54 PM |
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When is the Dollar coming to an end?
2017. Only people who wear anonymous masks believe dollar coming to an end. Meanwhile euro going below dollar
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MEPHuk
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February 15, 2015, 05:49:11 AM |
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Sorry, but i have heard plenty of people for years going on about "the end of the dollar", hasn't happened yet, and i still cannot see it happening at all.
MEPH
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BillyBobZorton
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February 18, 2015, 04:45:26 PM |
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Sorry, but i have heard plenty of people for years going on about "the end of the dollar", hasn't happened yet, and i still cannot see it happening at all.
MEPH
It will happen tho, but the EUR must go down first.
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neurotypical
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February 18, 2015, 10:55:00 PM |
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Sorry, but i have heard plenty of people for years going on about "the end of the dollar", hasn't happened yet, and i still cannot see it happening at all.
MEPH
It will happen tho, but the EUR must go down first. EUR is solid for now... at least until 28 February when Greece must take a decision.
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DLCseller
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( -_・)ノ-=≡[$(∞)$]
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February 19, 2015, 12:04:22 AM |
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Its just dollar not all fiat
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Trader Galactic LLC
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February 19, 2015, 02:26:30 AM |
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Its just dollar not all fiat
Not true. The euro is in much bigger trouble than the dollar. The yen is also on the brink of collapse and the Yuan is being held up by massive govt spending which much of it is [abnormally] being spent on real estate development. So the dollar is actually the stronger of all paper fiat but it is also near death. All paper fiat are gonna collapse and die soon. And what a coincidence, a fully trackable global crypto currency is ready to just take over. Bitcoin is gonna blow up on an unimaginable way later this year after the ETF goes green. Buy and hold and don't sell for a measly $10,000 per BTC.
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DLCseller
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( -_・)ノ-=≡[$(∞)$]
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February 19, 2015, 02:40:36 AM |
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Its just dollar not all fiat
Not true. The euro is in much bigger trouble than the dollar. The yen is also on the brink of collapse and the Yuan is being held up by massive govt spending which much of it is [abnormally] being spent on real estate development. So the dollar is actually the stronger of all paper fiat but it is also near death. All paper fiat are gonna collapse and die soon. And what a coincidence, a fully trackable global crypto currency is ready to just take over. Bitcoin is gonna blow up on an unimaginable way later this year after the ETF goes green. Buy and hold and don't sell for a measly $10,000 per BTC. How about Malaysian Ringgit, Indonesian Rupiah, Indian Rupee and others? Are they collapsing too?
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Trader Galactic LLC
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February 19, 2015, 02:47:57 AM |
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How about Malaysian Ringgit, Indonesian Rupiah, Indian Rupee and others? Are they collapsing too?
We live on a globalized economy now. If you look at Ukraine, Russia, Egypt, Argentina, Europe, etc., America's [inflationary] monetary policy is directly having catastrophic effects on all of those countries' economies and currencies. So yes, India et al will not be able to keep up with the US, they cannot borrow their way out like the US so therefore, their currencies will be much more quickly destroyed via extreme inflationary [excess printing] policy. This is very good news for gold, silver and especially Bitcoin (and crypto) as there will be very limited places for billions of people to put their earnings and cash savings. This is why the Bitcoin ETF will open the floodgates for trillions to dollars to come into Bitcoin and crypto. And it should all start this year and it should blow up very very fast.
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DLCseller
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( -_・)ノ-=≡[$(∞)$]
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February 19, 2015, 02:53:42 AM |
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How about Malaysian Ringgit, Indonesian Rupiah, Indian Rupee and others? Are they collapsing too?
We live on a globalized economy now. If you look at Ukraine, Russia, Egypt, Argentina, Europe, etc., America's [inflationary] monetary policy is directly having catastrophic effects on all of those countries' economies and currencies. So yes, India et al will not be able to keep up with the US, they cannot borrow their way out like the US so therefore, their currencies will be much more quickly destroyed via extreme inflationary [excess printing] policy. This is very good news for gold, silver and especially Bitcoin (and crypto) as there will be very limited places for billions of people to put their earnings and cash savings. This is why the Bitcoin ETF will open the floodgates for trillions to dollars to come into Bitcoin and crypto. And it should all start this year and it should blow up very very fast. So....theres a big chance that the world will starting using cryptocurrency instead of paper money? Oh yea, thats what I called the future.
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Trader Galactic LLC
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February 19, 2015, 03:05:26 AM |
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So....theres a big chance that the world will starting using cryptocurrency instead of paper money? Oh yea, thats what I called the future.
That's an absolute guarantee. What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money? Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation. So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one.
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molecular
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February 19, 2015, 07:12:22 AM |
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So....theres a big chance that the world will starting using cryptocurrency instead of paper money? Oh yea, thats what I called the future.
That's an absolute guarantee. What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money? Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation. So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one. I think this is a trap for the government and a double-win for the people: 1.) the freedom of economic transaction (bitcoin delivers that, it's censorship-resistant) is important to protect against opressive government or other entities trying to control the flow of money (take the wikileaks blockade as a prominent example) 2.) the use of sound money (especially via the inelastic money supply) forces fiscal prudence on governments. Spending has to be financed by taxes. The use of sound money also has positive effects on the economy because it will greatly reduce misallocations of capital (bailouts and other capital mis-injections) and plundering of the unsuspecting population ("hidden inflation tax")
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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picolo
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February 19, 2015, 09:56:29 AM |
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So....theres a big chance that the world will starting using cryptocurrency instead of paper money? Oh yea, thats what I called the future.
That's an absolute guarantee. What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money? Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation. So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one. I think this is a trap for the government and a double-win for the people: 1.) the freedom of economic transaction (bitcoin delivers that, it's censorship-resistant) is important to protect against opressive government or other entities trying to control the flow of money (take the wikileaks blockade as a prominent example) 2.) the use of sound money (especially via the inelastic money supply) forces fiscal prudence on governments. Spending has to be financed by taxes. The use of sound money also has positive effects on the economy because it will greatly reduce misallocations of capital (bailouts and other capital mis-injections) and plundering of the unsuspecting population ("hidden inflation tax") The People need to take the governement accountable for useless expenses and going into debt with the children and unborn accountable. Investing in infrastructures or eduction can be bad if it is badly done and they spent too much. Most people will still be in favor of any money pour to education.
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okthen
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February 19, 2015, 11:04:02 AM |
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So....theres a big chance that the world will starting using cryptocurrency instead of paper money? Oh yea, thats what I called the future.
That's an absolute guarantee. What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money? Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation. So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one. I agree that crypto actually gives the ability to supervise transactions, etc., but I think bitcoin won't be the one (in a scenario where global adoption is reached through governments) simply because you cannot print more of it - as it has been done with fiat for the past decades.
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picolo
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February 19, 2015, 04:49:08 PM |
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Sorry, but i have heard plenty of people for years going on about "the end of the dollar", hasn't happened yet, and i still cannot see it happening at all.
MEPH
It will happen because you cannot create that many dollars in a world that is naturally looking for other world currenceis without the value of each dollar going down a lot.
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picolo
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February 19, 2015, 04:49:42 PM |
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So....theres a big chance that the world will starting using cryptocurrency instead of paper money? Oh yea, thats what I called the future.
That's an absolute guarantee. What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money? Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation. So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one. I agree that crypto actually gives the ability to supervise transactions, etc., but I think bitcoin won't be the one (in a scenario where global adoption is reached through governments) simply because you cannot print more of it - as it has been done with fiat for the past decades. The fact you cannot print bitcoins is a good aspect of bitcoin. You can divide it all you want.
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billyjoeallen
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Hide your women
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February 19, 2015, 05:07:12 PM |
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In the world of fiat currency, the USD is the leper with the most toes. It gets stronger in times of world financial crises because it is safer than other fiat currencies by virtue of being the world reserve currency. It may indeed end up in hyperinflation, but not until many many years of watching other currencies fail first.
Even with near zero interest rates, the dollar strengthens when credit contracts. Money is lent into existence so when banks stop making new loans, the money multiplier runs in reverse because the existing loans are still being serviced (paid back). Without central bank intervention (quantitative easing), eventually this leads to collapse because there is not enough money in existence to pay back all outstanding loans.
One of these two outcomes is inevitable eventually. Death by fire or ice. But because the central banks can create new money at will, fire (hyperinflation) is the more likely outcome- However the US central bank (Federal Reserve) can postpone that longer than any other central bank. All they have to do is keep the inflation rate lower than the other major world currencies, import everything the U.S, used to manufacture, and find somebody else to blame.
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insert coin here: Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
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Erdogan
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February 19, 2015, 05:10:22 PM |
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but... since dollar is de facto the most owned by other central banks, those banks leaving the dollar could make a difference. Maybe... the dollar is the first (of the big fiats) to go.
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NotLambchop
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February 19, 2015, 06:05:05 PM |
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I hate to interrupt your learned discussion but was it one lump or two?
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ajareselde
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Satoshi is rolling in his grave. #bitcoin
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February 19, 2015, 06:51:01 PM |
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but... since dollar is de facto the most owned by other central banks, those banks leaving the dollar could make a difference. Maybe... the dollar is the first (of the big fiats) to go.
There is zero chance of dollar ever going away, it will however continue to do what it does best, and that is loose the purchasing power over the years. It comes to me as a great surprice, however , that dollar actualy progressed in comprarison to euro in the last year or so, and quite greatly actually. cheers
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BillyBobZorton
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February 19, 2015, 07:45:38 PM |
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but... since dollar is de facto the most owned by other central banks, those banks leaving the dollar could make a difference. Maybe... the dollar is the first (of the big fiats) to go.
There is zero chance of dollar ever going away, it will however continue to do what it does best, and that is loose the purchasing power over the years. It comes to me as a great surprice, however , that dollar actualy progressed in comprarison to euro in the last year or so, and quite greatly actually. cheers All fiats have failed after their cycle is over. I dont see why dollar has to be immortal.
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molecular
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February 19, 2015, 07:49:55 PM |
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So....theres a big chance that the world will starting using cryptocurrency instead of paper money? Oh yea, thats what I called the future.
That's an absolute guarantee. What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money? Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation. So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one. I think this is a trap for the government and a double-win for the people: 1.) the freedom of economic transaction (bitcoin delivers that, it's censorship-resistant) is important to protect against opressive government or other entities trying to control the flow of money (take the wikileaks blockade as a prominent example) 2.) the use of sound money (especially via the inelastic money supply) forces fiscal prudence on governments. Spending has to be financed by taxes. The use of sound money also has positive effects on the economy because it will greatly reduce misallocations of capital (bailouts and other capital mis-injections) and plundering of the unsuspecting population ("hidden inflation tax") The People need to take the governement accountable for useless expenses and going into debt with the children and unborn accountable. That doesn't sound like a feasable strategy. Governments are corrupted and they have monopoly on force. It doesn't look like governments are listening to their people much or have the goal to act in the peoples interest, either. It looks more like they're trying to control the people. I think using crypto (not only -currency, but other applications like encryption) is a much more feasable and peaceful strategy. You don't end a system by attacking it, but by building and using better ones.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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NotLambchop
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February 19, 2015, 08:14:16 PM |
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... All fiats cryptos have failed after their cycle is over a few weeks. I dont see why dollar Bitcoin has to be immortal.
Bitcoin's what, six years old? And you're talking about mortality?
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darkmind
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February 20, 2015, 12:40:38 PM |
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All fiats have failed after their cycle is over. I dont see why dollar has to be immortal.
The usd system works the same as bitcoin, we all want the dream to become rich, so we sweat, work, put money in it... but only 1 out of 1000 will become rich
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leex1528
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February 26, 2015, 05:06:03 PM |
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All fiats have failed after their cycle is over. I dont see why dollar has to be immortal.
The usd system works the same as bitcoin, we all want the dream to become rich, so we sweat, work, put money in it... but only 1 out of 1000 will become rich Is it really that high of a rate? I don't think it is but I could be wrong, and what are we defining as rich?
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NotLambchop
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February 26, 2015, 05:18:31 PM |
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^He means in the top .1 percent. I know this because 1 in 1000, and because math.
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opossum
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February 26, 2015, 06:29:13 PM |
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The dollar has been coming to an end for a very long time but still it is here controlling most of the worlds economy's, paying for wars and being paid back for the wars. When the dollar comes to an end it will be because those in power want it to be the end of the dollar/petro$/war$ if and when that time comes it is going to be terrible news for all country's that rely on it, deaths of millions within a short time and total chaos. It is what the world needs but it is not going to be pretty when the time comes, No bitcoin will not save us however much we would like it to bitcoin needs economies to be on the up to itself be worth anything well imo.
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riptide
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February 26, 2015, 07:56:46 PM |
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It could be a great way to dump the US debt. Lose the dollar and adopt some kind of crypto/Fiat currency.
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NotLambchop
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February 26, 2015, 08:03:52 PM |
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ITT: Bitcoiners talk about collapsing USD as Bitcoin collapses. Much lel had by all.
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aminorex
Legendary
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Sine secretum non libertas
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February 26, 2015, 08:05:29 PM |
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A distinction can be made between various "ends" of the "dollar":
The end of the value of your hoarded dollars.
The end of the petrodollar system.
The end of reserve currency status.
The end of the federal reserve system.
The end of fiat-slavery worldwide.
I estimate the above order to approximate the future order of these events.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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picolo
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February 26, 2015, 11:09:44 PM |
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The dollar has been coming to an end for a very long time but still it is here controlling most of the worlds economy's, paying for wars and being paid back for the wars. When the dollar comes to an end it will be because those in power want it to be the end of the dollar/petro$/war$ if and when that time comes it is going to be terrible news for all country's that rely on it, deaths of millions within a short time and total chaos. It is what the world needs but it is not going to be pretty when the time comes, No bitcoin will not save us however much we would like it to bitcoin needs economies to be on the up to itself be worth anything well imo.
USA has been very good at attracting talents and growing its economy so it allowed the state to spend more and the dollar to keep going.
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Trader Galactic LLC
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February 27, 2015, 09:04:07 AM |
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The dollar collapsing is about massive inflationary policy and no amount of imported talent will save it.
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NotLambchop
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February 27, 2015, 12:39:09 PM |
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The dollar collapsing is about massive inflationary policy and no amount of imported talent will save it.
We have ways of keeping the dollar propped up with native talent. Not worried one bit
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picolo
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February 27, 2015, 03:52:10 PM |
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The dollar collapsing is about massive inflationary policy and no amount of imported talent will save it.
It delays the problems and buys time to the government if people are creating a lot of value and wealth in the USA.
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BillyBobZorton
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February 28, 2015, 05:43:06 PM |
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What nations like Greece should do in the middle of an up and coming collapse is adopt Bitcoin on the side so the people has a way to store their wealth outside the system, its clear people is going to get all of their money out of the banks, mark my words for june.
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PenguinFire
Full Member
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That Darn Cat
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February 28, 2015, 05:52:30 PM |
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It is funny when people here bash the USD when their currency is BTC. I hate to break it to you guys want one has been around longer and probably will also be around longer after.
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techgeek
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February 28, 2015, 06:06:46 PM |
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What nations like Greece should do in the middle of an up and coming collapse is adopt Bitcoin on the side so the people has a way to store their wealth outside the system, its clear people is going to get all of their money out of the banks, mark my words for june.
Its a tourist nation, they have no export to handle there own debts. Which is why they end up being "hey, lend me your lunch money again, I forgot it at home" story all the time on the news. Nothing will change for them unless they have some sort of production. Now look at china, that we all love. Our iphones says everything $1 billion dollar company apple makes how many units over there provided by foxconn."Made in china" but not "Made in Greece"
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polynesia
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March 01, 2015, 12:11:50 AM |
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What nations like Greece should do in the middle of an up and coming collapse is adopt Bitcoin on the side so the people has a way to store their wealth outside the system, its clear people is going to get all of their money out of the banks, mark my words for june.
Greece can't adopt Bitcoin; Greeks definitely can convert a portion of the money they have into bitcoins. It will probably save them from misery later on.
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oblivi
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March 03, 2015, 01:21:00 AM |
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It is funny when people here bash the USD when their currency is BTC. I hate to break it to you guys want one has been around longer and probably will also be around longer after.
LOL no way. USD is set to collapse, all fiats have a cycle, BTC is a paradigm shift and no one can predict the outcome.
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stonerider
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March 03, 2015, 03:03:03 AM |
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Why don't you go and ask a common man on a street, "which would you like, US Dollars or bitcoins?" 999999 out of 1000000, he will answer "US Dollars, please."
As long as US maintains its military superiority over any other nations in the world, their currency will rule supreme.
Bitcoin at this stage is just an experiment, albeit one with a huge potential to disrupt existing financial systems and institutions.
At the end of the day, most people will look at bitcoins and just shrug their shoulders. Bitcoin just doesn't replace US$ at this time. We have long ways to go to win the hearts and minds of the people. Bitcoin works better as a commodity, not as currency, and this will continue to be the case for a loooooooooooooooooooong while, if not forever.
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polynesia
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March 04, 2015, 12:58:49 AM |
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Why don't you go and ask a common man on a street, "which would you like, US Dollars or bitcoins?" 999999 out of 1000000, he will answer "US Dollars, please."
As long as US maintains its military superiority over any other nations in the world, their currency will rule supreme.
Bitcoin at this stage is just an experiment, albeit one with a huge potential to disrupt existing financial systems and institutions.
At the end of the day, most people will look at bitcoins and just shrug their shoulders. Bitcoin just doesn't replace US$ at this time. We have long ways to go to win the hearts and minds of the people. Bitcoin works better as a commodity, not as currency, and this will continue to be the case for a loooooooooooooooooooong while, if not forever.
The USD has been the world's reserve currency for quite some time now. Maybe it is time some other currency took over. Before the USD, it was the GBP and prior to that it was the Spanish Pesetta. Maybe the time is ripe for Bitcoin to take over.
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resya
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March 04, 2015, 07:36:45 AM |
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It is funny when people here bash the USD when their currency is BTC. I hate to break it to you guys want one has been around longer and probably will also be around longer after.
LOL no way. USD is set to collapse, all fiats have a cycle, BTC is a paradigm shift and no one can predict the outcome. The value of fiat is permanently decreasing but btc is inflating faster than usd at this current moment. more btc are being minted in comparison to usd
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najzenmajsen
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March 04, 2015, 12:48:22 PM |
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It is funny when people here bash the USD when their currency is BTC. I hate to break it to you guys want one has been around longer and probably will also be around longer after.
LOL no way. USD is set to collapse, all fiats have a cycle, BTC is a paradigm shift and no one can predict the outcome. The value of fiat is permanently decreasing but btc is inflating faster than usd at this current moment. more btc are being minted in comparison to usd Then again , bitcoin is a very new currency. after most of the btc have been mined out , and the world has started to realise how revelutionary bitcoin is , only then we'll start seeing crazy market caps on bitcoin.
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centauribit
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March 05, 2015, 03:43:57 AM |
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Bitcoin is probably the single biggest threat to the USD and therefore a threat to China.
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M28MmickT
Sr. Member
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BTG CEO
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March 05, 2015, 03:48:43 AM |
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Bitcoin is probably the single biggest threat to the USD and therefore a threat to China.
Lol the only threat to the dollar is the dollar and the fed, btc plays no part in a threat to it unfortunately it dwarfs it into un imaginable figures. The dollar will still be here long after we are all gone. If it comes to an end then that is the apocalypse imo and the end of life as we know it.
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D4C
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March 05, 2015, 04:45:22 PM |
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There's no reason for the dollar to collapse in the foreseeable future and even if it did there's no reason to expect bitcoins to replace it.
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leex1528
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March 05, 2015, 04:51:27 PM |
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Okay lets just stop this thread. BTC currently is absolutely 0 threat to the dollar. The dollar will not be going away in our lifetime, and probably your kids lifetime as well.
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Possum577
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March 05, 2015, 05:53:46 PM |
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To the OP, so what's your point of view based on the article? What do you want us to comment on?
It's been nearly a year and the Dollar is still strong.
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thejaytiesto
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March 05, 2015, 06:55:22 PM |
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Bitcoin is probably the single biggest threat to the USD and therefore a threat to China.
How can it be a threat to china if it makes USD weaker? Anything that makes USD weaker is good news for china.
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polynesia
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March 06, 2015, 09:19:06 AM |
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Bitcoin is probably the single biggest threat to the USD and therefore a threat to China.
How can it be a threat to china if it makes USD weaker? Anything that makes USD weaker is good news for china. Not really. China is an export-oriented economy. Their exports become less competitive is the USD weakens (or conversely if CNY strengthens)
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Silly Money
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March 06, 2015, 11:47:41 AM |
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Bitcoin is probably the single biggest threat to the USD and therefore a threat to China.
Lol the only threat to the dollar is the dollar and the fed, btc plays no part in a threat to it unfortunately it dwarfs it into un imaginable figures. The dollar will still be here long after we are all gone. If it comes to an end then that is the apocalypse imo and the end of life as we know it. Exactly what I was going to say. The dollar as well as any other currencies will probably consume themselves eventually. You can't just keep printing money to try get your self out of economic troubles or financial collapse is inevitable. I certainly think bitcoin could grow in use if a big currency did collapse but it wont be the cause of it.
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DLCseller
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( -_・)ノ-=≡[$(∞)$]
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March 06, 2015, 12:09:39 PM |
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I'm waiting for the world to start using bitcoins. that would be easier 1 world 1 currency
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polynesia
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March 07, 2015, 01:07:50 AM |
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I'm waiting for the world to start using bitcoins. that would be easier 1 world 1 currency It would be easier, but try getting the governments to accept that. Have you heard of Bancor? http://en.wikipedia.org/wiki/Bancor
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picolo
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March 07, 2015, 09:11:57 AM |
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Seems Euro is falling to the dollar value as well. If dollar overtakes Euro, I don't see dollar going down after that.,
The strong Dollar is helping the Dollar stay high but it will surely fall sharply at some point, in 6 months ? In a year ? It could start Today !
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GreenStox
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Undeads.com - P2E Runner Game
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March 07, 2015, 09:14:58 AM |
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I'm waiting for the world to start using bitcoins. that would be easier 1 world 1 currency It would be easier, but try getting the governments to accept that. Have you heard of Bancor? http://en.wikipedia.org/wiki/BancorOh please no, I vomit from the face of that con artist Keynes. His theory has and will cause all financial problems, and the overdebting of the globe, and you want his currency to prevail, I dont think so. His keynesian pyramid scheme has done already enough harm, plus we already got bitcoin, so let's just use Bitcoin. We don't need another fractional ponzi currency.
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polynesia
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March 07, 2015, 03:30:49 PM |
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I'm waiting for the world to start using bitcoins. that would be easier 1 world 1 currency It would be easier, but try getting the governments to accept that. Have you heard of Bancor? http://en.wikipedia.org/wiki/BancorOh please no, I vomit from the face of that con artist Keynes. His theory has and will cause all financial problems, and the overdebting of the globe, and you want his currency to prevail, I dont think so. His keynesian pyramid scheme has done already enough harm, plus we already got bitcoin, so let's just use Bitcoin. We don't need another fractional ponzi currency. I am all for using Bitcoin. Any currency which is globally accepted is good. And with Bitcoin's features, why shouldn't it be the global currency?
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leex1528
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March 07, 2015, 03:55:26 PM |
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I'm waiting for the world to start using bitcoins. that would be easier 1 world 1 currency It would be easier, but try getting the governments to accept that. Have you heard of Bancor? http://en.wikipedia.org/wiki/BancorOh please no, I vomit from the face of that con artist Keynes. His theory has and will cause all financial problems, and the overdebting of the globe, and you want his currency to prevail, I dont think so. His keynesian pyramid scheme has done already enough harm, plus we already got bitcoin, so let's just use Bitcoin. We don't need another fractional ponzi currency. I am all for using Bitcoin. Any currency which is globally accepted is good. And with Bitcoin's features, why shouldn't it be the global currency? Because there is a limited amount of coins. If it was a world currency it wouldn't work because essentially that means like 3 billion of the people on earth would not have any coins, and have no way of earning them essentially. Its a great thing I just don't see Bitcoins ever overtaking the dollar.
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AtheistAKASaneBrain
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March 07, 2015, 04:17:25 PM |
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Seems Euro is falling to the dollar value as well. If dollar overtakes Euro, I don't see dollar going down after that.,
The strong Dollar is helping the Dollar stay high but it will surely fall sharply at some point, in 6 months ? In a year ? It could start Today ! Not today, next month or in a year. But during the next decade. Luckily Bitcoin will keep growing as USD fails.
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picolo
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March 07, 2015, 06:46:25 PM |
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Seems Euro is falling to the dollar value as well. If dollar overtakes Euro, I don't see dollar going down after that.,
The strong Dollar is helping the Dollar stay high but it will surely fall sharply at some point, in 6 months ? In a year ? It could start Today ! Not today, next month or in a year. But during the next decade. Luckily Bitcoin will keep growing as USD fails. Bitcoin will grow as the US financial sector shows its weakness and the Dollar loses most its value in a decade or two.
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molecular
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March 07, 2015, 06:53:21 PM |
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And with Bitcoin's features, why shouldn't it be the global currency?
Because there is a limited amount of coins. If it was a world currency it wouldn't work because essentially that means like 3 billion of the people on earth would not have any coins, and have no way of earning them essentially. Why would they have no way of earning coins?
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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picolo
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March 07, 2015, 08:26:24 PM |
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And with Bitcoin's features, why shouldn't it be the global currency?
Because there is a limited amount of coins. If it was a world currency it wouldn't work because essentially that means like 3 billion of the people on earth would not have any coins, and have no way of earning them essentially. Why would they have no way of earning coins? They could earn it working for companies own by people who already have clam or selling their assets for clam.
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tyrexs
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March 07, 2015, 10:09:14 PM |
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i think is not, dollar now strong fiat not like other fiat. dollar good for investment
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Bit_Happy
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A Great Time to Start Something!
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March 07, 2015, 10:14:18 PM |
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Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.
The Dollar has lost ~ 98% of it's value in a little over 100 years. If you consider the size of the USA debt, then "we" are in really serious trouble.
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abasin
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June 19, 2015, 02:02:54 PM |
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The same system is not in place today . . . It ended with the closure of the gold window!
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oblivi
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June 19, 2015, 05:19:38 PM |
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Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.
The Dollar has lost ~ 98% of it's value in a little over 100 years. If you consider the size of the USA debt, then "we" are in really serious trouble. But they can keep printing more and more money indefinitely to combat that hyperinflation so people hasn't perceived a change in purchasing power, the real question here would have been: how long can keep they doing this while keeping in order? can they go on forever? they give me the sometimes impression that yes they can.
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Hazir
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★Nitrogensports.eu★
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June 19, 2015, 05:22:24 PM |
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Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.
The Dollar has lost ~ 98% of it's value in a little over 100 years. If you consider the size of the USA debt, then "we" are in really serious trouble. The bigger the bubble, the longer it takes to collapse. The pound dominated the world for about 100 years, then dollar came. And since then dollar has had a hundred years of global dominance status. Financial liquidity is always presented as "stable", until it crashes. When confidence changes, things move very fast. If anyone knew for sure which way things will go, that person could make a lot of money. Even the final stage of a bubble this big could outlast a lifetime. Or it could collapse tomorrow due to a seemingly small event.
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Marbit
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June 19, 2015, 05:47:59 PM |
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That's just pure speculation. If you were to estimate what happens to dollar in 70+ years, your estimate will be based on the assumption that things remain similar to the way they are right now, and you consider certain factors that are potentially gonna change over time. But what about the zillion other factors that you have assumed to be the same? It's a pretty unfair speculation is all I'm trying to say.
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josephliton2
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June 20, 2015, 05:57:39 AM |
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Its not profits of doom, its common sense. The USA has been living rich off the USD. It will be time to pay that back.
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Amph
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June 20, 2015, 06:20:51 AM |
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Its not profits of doom, its common sense. The USA has been living rich off the USD. It will be time to pay that back.
they will pay it back with another high debt, there no way this whole scam system will collapse, it's a pefect system made by them, and it is working since many decade, also this system has overcome many crises so again there is no reason for it to stop here, unless some major thing appear, like everyone will switch to crypto, almost impossible
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mayflor2
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June 20, 2015, 06:51:39 AM |
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It's good to see usd melting against btc everyday. I invest my usd in btc i know it will rise.
This is why most of us is here, hoping btc will replace dollar. If the growth continues exponentially like in the last years, our dreams will come true. I don't know about the currency replacement happening so fast but I am sure dollar wouldn't collapse for ATLEAST 30 years. A lot happens in 30 years and I would really be happy if it goes down as my btc will go up but I would rather stick on my realistic guns.
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dollarneed
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June 21, 2015, 01:43:15 AM |
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i wish thats gonna be happen and bitcoin replaced it and the goverment would accepted it officially and iam pretty sure that fiat's gonna converted to the cryptocurency,but iam not confident that goverment could join with bitcoin maybe they just adopted it and make their own cryptocurency , who knows?
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HigsonPP
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June 21, 2015, 06:56:35 AM |
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Dollar may lose its value a little.. because of the other upcoming economies.. but it won't die.. it won't for sur hit rock bottom
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ThEmporium
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June 22, 2015, 03:45:35 AM |
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It is very soon to conclude that Dollar is coming to an end. Dude, this is the currency of Super Nuclear powered country called United States of America. At present, U.S is controlling all monies value in financial markets, what they fix the value, that value only be calculated and approved.
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Gyfts
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June 22, 2015, 03:47:26 AM |
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The amount of times I've seen this brought up....I'm extremely skeptical of this happening. Everyday someone is claiming the dollar will fall and Bitcoin/gold/(insert precious metal here) will prevail. It's old at this point.
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GreenStox
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June 23, 2015, 01:59:00 AM |
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The amount of times I've seen this brought up....I'm extremely skeptical of this happening. Everyday someone is claiming the dollar will fall and Bitcoin/gold/(insert precious metal here) will prevail. It's old at this point.
Well if China stops building ghost cities and they start liberalizing their economy then it might become endangered. However yes to go away at all is unrealistic, it might drop by 30-50% in value, but not more. Atleast not in the next 10-15 years.
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deluxeCITY
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June 23, 2015, 03:23:35 AM |
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Dollar, people still use those? I just use BTC for everything these days. It's too easy not to.
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Amph
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June 23, 2015, 06:29:41 AM |
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Dollar, people still use those? I just use BTC for everything these days. It's too easy not to.
i wish i could do the same,, there are still numerous thing that prevent me from using it directly, like food(supermarket small market) and some electricity shop like amazon(i'm waiting for open bazar) that could come in hand for changing computer part but i don't want to buy abroad, even if they accept bitcoin, because then there is the problem with the customs...
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Anony
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June 23, 2015, 07:40:51 AM |
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To end the monopoly of USD, is like saying that US will not remain the most powerful nation of all. Whatever China and Russia do, they cannot run their economy just by doing business within themselves. They will always have to come to USD for improving their business relationships with other countries and to boost their economy.
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pureelite
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June 23, 2015, 12:12:49 PM |
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Most of us will probably not be alive when the dollar collapses so it's not going to make much difference to us.
\ Hell yeah it will collapse. Russian economy is way too strong. And when it does, you will have nothing left. Your oil resources are runing low, so watch out... I would be worried.
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neurotypical
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June 23, 2015, 11:41:39 PM |
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To end the monopoly of USD, is like saying that US will not remain the most powerful nation of all. Whatever China and Russia do, they cannot run their economy just by doing business within themselves. They will always have to come to USD for improving their business relationships with other countries and to boost their economy. If China and Russia where to ally with Japan, they could create an amazing force. Japan has all the hi tech these 2 countries are lagging behind for years. It's a very unlikely situation tho, I don't see Japan becoming a fundamental ally with any of those.
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GreenStox
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June 25, 2015, 01:50:42 AM |
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To end the monopoly of USD, is like saying that US will not remain the most powerful nation of all. Whatever China and Russia do, they cannot run their economy just by doing business within themselves. They will always have to come to USD for improving their business relationships with other countries and to boost their economy. If China and Russia where to ally with Japan, they could create an amazing force. Japan has all the hi tech these 2 countries are lagging behind for years. It's a very unlikely situation tho, I don't see Japan becoming a fundamental ally with any of those. Japan has a very bad relation with China, which is very sad, since Japan has high tech and creativity, China has labour and resources. If they would partner up strong, they could help eachouther our very very well. Too bad this stupid rivalry is slowing down mankind.
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M28MmickT
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BTG CEO
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June 25, 2015, 02:25:36 AM |
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I don't have any dollars so I don't care. All I got are cryptos!
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Amph
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June 25, 2015, 07:20:28 AM |
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I don't have any dollars so I don't care. All I got are cryptos!
and how you use them, you need to dump for usd at one point, unless in your zone you can pay everything with bitcoin(i high doubt that) but in the event the dollar collapse(unlikely before any other fiat) bitcoin will just switch to euro and so on, as long as there is one fiat we can measure its value easy
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Aayush
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I believe in Bitcoin!
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June 25, 2015, 10:32:32 AM |
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Te only end that will come to Dollar will be on the hands of Bitcoins.
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Calm
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BillyBobZorton
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June 25, 2015, 05:44:10 PM |
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To end the monopoly of USD, is like saying that US will not remain the most powerful nation of all. Whatever China and Russia do, they cannot run their economy just by doing business within themselves. They will always have to come to USD for improving their business relationships with other countries and to boost their economy. If China and Russia where to ally with Japan, they could create an amazing force. Japan has all the hi tech these 2 countries are lagging behind for years. It's a very unlikely situation tho, I don't see Japan becoming a fundamental ally with any of those. Japan has a very bad relation with China, which is very sad, since Japan has high tech and creativity, China has labour and resources. If they would partner up strong, they could help eachouther our very very well. Too bad this stupid rivalry is slowing down mankind. It's the same rivalry that South Korea got with North Korea. If both joined forces they would become one of the leading powers in the world, but it's all a big ego fight that creates these rivalries and as we know the further they go separated thought time the biggest the gap it becomes to the point an alliance is just impossible. All rivalries of any kind are hindering human development.
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Netnox
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June 25, 2015, 07:48:52 PM |
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Any indicators this is happening?
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GreenStox
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June 25, 2015, 10:33:52 PM |
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It's the same rivalry that South Korea got with North Korea. If both joined forces they would become one of the leading powers in the world, but it's all a big ego fight that creates these rivalries and as we know the further they go separated thought time the biggest the gap it becomes to the point an alliance is just impossible. All rivalries of any kind are hindering human development.
No its not the same, by far, NK is a slave race, even if they would liberalize their country, they would remain sheep. Communism makes people very gullible and sheep and drops the average IQ by 30 points, they already did irreversible mental damage to those poor people. So they would not not have the creativity and courage required to build a strong free economy.
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mayflor2
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June 26, 2015, 02:45:11 PM |
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It's good to see usd melting against btc everyday. I invest my usd in btc i know it will rise.
This is why most of us is here, hoping btc will replace dollar. If the growth continues exponentially like in the last years, our dreams will come true. Btc will not be replacing usd but creating its own position in the market, competing against dollar. Replacement requires acceptance, approval and shit load of restrictions. Usd is strong and it is a currency which enjoys monopoly, I don't think so it can just be replaced.
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Amph
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June 26, 2015, 02:55:23 PM |
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Any indicators this is happening?
pure speculation, and actually since this thread started dollar is stronger than before, so even wrong guessing we have here if this will happen one day it won't be before many decade because something as strong as the usd, cannot collapse so easily and so quickly
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oniromancia
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June 26, 2015, 03:50:09 PM |
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It's good to see usd melting against btc everyday. I invest my usd in btc i know it will rise.
This is why most of us is here, hoping btc will replace dollar. If the growth continues exponentially like in the last years, our dreams will come true. Btc will not be replacing usd but creating its own position in the market, competing against dollar. Replacement requires acceptance, approval and shit load of restrictions. Usd is strong and it is a currency which enjoys monopoly, I don't think so it can just be replaced. I think you are trying to be sarcastic, but if you look at history, you are inadvertently being literal. Whenever governments tank, or "infrastructure collapses", gold prices SOAR. Gold is one of the oldest currencies of man, and has been valued extremely highly through periods of order, and especially highly during periods of disorder. When confidence in fiat currency(and thus the government) wanes, the relative price of gold increases compared to said currency.
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Miracal
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June 26, 2015, 04:10:28 PM |
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Dollar is affiliated with lots of imports and exports, it has a strong position in the economy right now and its is pretty much indestructible in the moment. It is terrible to assume that it can be destroyed so quickly, and so easily.... But nothing is impossible
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Snorek
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June 26, 2015, 04:50:23 PM |
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Dollar is affiliated with lots of imports and exports, it has a strong position in the economy right now and its is pretty much indestructible in the moment. It is terrible to assume that it can be destroyed so quickly, and so easily.... But nothing is impossible The bigger the bubble, the longer it takes to collapse. The dollar has had a hundred years of global number 1 currenncy status. Even the final stage of a bubble this big could outlast a lifetime. Or it could collapse tomorrow due to a seemingly small event.
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GreenStox
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June 26, 2015, 10:11:05 PM |
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Dollar is affiliated with lots of imports and exports, it has a strong position in the economy right now and its is pretty much indestructible in the moment. It is terrible to assume that it can be destroyed so quickly, and so easily.... But nothing is impossible The bigger the bubble, the longer it takes to collapse. The dollar has had a hundred years of global number 1 currenncy status. Even the final stage of a bubble this big could outlast a lifetime. Or it could collapse tomorrow due to a seemingly small event. I think the FED should buy some altcoins, it would help our investments alot. Perhaps bitcoins too, i would love to see 100000000% returns on my investment. I dont understand why they buy stupid bonds that have no value
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JarvisTechnology
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June 27, 2015, 06:46:34 AM |
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That's just pure speculation. If you were to estimate what happens to dollar in 70+ years, your estimate will be based on the assumption that things remain similar to the way they are right now, and you consider certain factors that are potentially gonna change over time. But what about the zillion other factors that you have assumed to be the same? It's a pretty unfair speculation is all I'm trying to say. Dollars are reserve currency for more than 50 years.The forces supporting dollar dominance are weakening. Technological change is undermining the dollar’s first-mover advantage. And,now China is making even faster progress than anticipated on renminbi internationalization but also points to challenges lying ahead. https://deutscheawm.com
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Miracal
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June 27, 2015, 07:34:37 AM |
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Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.
The Dollar has lost ~ 98% of it's value in a little over 100 years. If you consider the size of the USA debt, then "we" are in really serious trouble. When are such 'debts' usually settled? The strongest country on Earth has the largest debt, and all that debt is mostly for the smoothness and creation of its efficient resources, the army, the defense system... If what makes it strong itself is making it weak, isn't that some shit?
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HigsonPP
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June 27, 2015, 08:11:23 AM |
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The value of dollar has depreciated A LOT in the past 100 years itself, so all the people defending that the dollar will never collapse are totally wrong. It will, definitely, and you will even be alive to watch it in crisis. The right moves and bitcoin might actually replace it. All bitcoin needs is supply and demand. Let's use it much more and grow it.
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Mehek
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June 27, 2015, 08:47:28 AM |
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The dollar could not be world reserve currency between tomorrow and whenever, so maybe one day.
As found on wikipedia, 'By the end of the 20th century, the United States dollar was considered the world's most dominant reserve currency, and the world's need for dollars has allowed the United States government as well as Americans to borrow at lower costs, granting them an advantage in excess of $100 billion per year.' However, the U.S. dollar's status as a reserve currency, by increasing in value, hurts U.S. exporters!
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dblink
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June 27, 2015, 01:29:40 PM |
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Isn't it really a joke that Dollars are coming to an end, No way my nears and dears. Dollars owned by the United States of America and it will not fell down too cheaply to an end, this will lead to disaster impact on global market, US will squeeze the bones into sweats of global currency if they see any hazard coming closer to their Dollar currencies.
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Erdogan
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June 27, 2015, 01:42:00 PM |
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Dollar is affiliated with lots of imports and exports, it has a strong position in the economy right now and its is pretty much indestructible in the moment. It is terrible to assume that it can be destroyed so quickly, and so easily.... But nothing is impossible The bigger the bubble, the longer it takes to collapse. The dollar has had a hundred years of global number 1 currenncy status. Even the final stage of a bubble this big could outlast a lifetime. Or it could collapse tomorrow due to a seemingly small event. I think the FED should buy some altcoins, it would help our investments alot. Perhaps bitcoins too, i would love to see 100000000% returns on my investment. I dont understand why they buy stupid bonds that have no value They do it to depress the interest rate, and to expand the money volume in the form of debt.
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Erdogan
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June 27, 2015, 01:47:00 PM |
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Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.
The Dollar has lost ~ 98% of it's value in a little over 100 years. If you consider the size of the USA debt, then "we" are in really serious trouble. When are such 'debts' usually settled? The strongest country on Earth has the largest debt, and all that debt is mostly for the smoothness and creation of its efficient resources, the army, the defense system... If what makes it strong itself is making it weak, isn't that some shit? It is not settled, the debt is continuously expanded. They 1) depress the interest rate 2) expand the money supply by continuously creating more debt 3) they sometimes expand the money supply directly with quantitative easing, and 4) they have a good run when they spend all the new money.
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GreenStox
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June 28, 2015, 08:02:33 AM |
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I don't have any dollars so I don't care. All I got are cryptos!
How do you live what do you eat? How do you pay property tax? What about your internet and other expenses? I`m sure you must hold atleast basic amounts of fiat. Getting around fiat 100% is just not possible yet .
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Amph
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June 28, 2015, 08:15:15 AM |
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I don't have any dollars so I don't care. All I got are cryptos!
How do you live what do you eat? How do you pay property tax? What about your internet and other expenses? I`m sure you must hold atleast basic amounts of fiat. Getting around fiat 100% is just not possible yet . unless you still live under your parents, and they pay everything for you and you can pay for your thing, with crypto directly, it should work i guess but there was a guy on bitcointalk (Edward his nick, i think?) that get rid of his card and he is using 100% bitcoin
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GreenStox
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June 28, 2015, 08:31:56 AM |
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I don't have any dollars so I don't care. All I got are cryptos!
How do you live what do you eat? How do you pay property tax? What about your internet and other expenses? I`m sure you must hold atleast basic amounts of fiat. Getting around fiat 100% is just not possible yet . unless you still live under your parents, and they pay everything for you and you can pay for your thing, with crypto directly, it should work i guess but there was a guy on bitcointalk (Edward his nick, i think?) that get rid of his card and he is using 100% bitcoin Yea but you still need to change your BTC from time to time back to fiat, to pay for property tax. Maybe you can avoid income tax and other taxes but not property tax. And what about phone bill, internet bill, going out in the city to eat, i mean bitcoin is not that popular yet, to be accepted anywhere. I cant even go to my local betting house to place a football bet with bitcoin here. It's sad, but i hope bitcoin will spread faster!
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Nizam ibrahim.P.N
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August 22, 2015, 02:46:13 PM |
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I think the arrival and using of BTC replaces many currencies like dollars..!!
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Furio
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August 22, 2015, 02:49:13 PM |
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I don't have any dollars so I don't care. All I got are cryptos!
How do you live what do you eat? How do you pay property tax? What about your internet and other expenses? I`m sure you must hold atleast basic amounts of fiat. Getting around fiat 100% is just not possible yet . unless you still live under your parents, and they pay everything for you and you can pay for your thing, with crypto directly, it should work i guess but there was a guy on bitcointalk (Edward his nick, i think?) that get rid of his card and he is using 100% bitcoin Yea but you still need to change your BTC from time to time back to fiat, to pay for property tax. Maybe you can avoid income tax and other taxes but not property tax. And what about phone bill, internet bill, going out in the city to eat, i mean bitcoin is not that popular yet, to be accepted anywhere. I cant even go to my local betting house to place a football bet with bitcoin here. It's sad, but i hope bitcoin will spread faster! For a full member I'd expect more You can pay ANY bill including property tax and such using services like Bitwa.la or Bitbill.nl, works perfectly. Allthough I never pay any government outfit like this
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ralle14
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August 23, 2015, 03:44:56 AM |
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maybe dollar is inflating once again you know but it won't come to an end though there are a lot of currency less worth than a dollar like my currency here in Philippines
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HarHarHar9965
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August 24, 2015, 05:27:34 AM |
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maybe dollar is inflating once again you know but it won't come to an end though there are a lot of currency less worth than a dollar like my currency here in Philippines
That's just a hype , no currency especially dollar is going down you might believe that the dollar is indesstructible because of major mass adoption,but the only reason dollar has value is because it is petrodollar. Petrodollar is the currency used to buy petrol, petrol cannot be bought in any other currency except petrodollar, and I am talking on a macro level, when countries are trading and buying petrol. Once its not the currency to buy the fuel, it will be doomed and they are already in massive debt.
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wxa7115
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August 24, 2015, 07:41:53 AM |
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Well, it depends what you mean by "end" If you mean the full disappearance of the dollar, then that’s not going to happen. If by “end” you mean the dollar losing its position as the sole reserve currency then that’s already underway.
However the dollar could prove to be more resilient than people think, the dollar has collapsed before, and its still there, a possible scenario is that after a dollar collapse, the Fed decides to have a gold backed dollar, and BAM the dollar is back again (obviously this is unlikely but still possible)
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SimpleIn
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August 24, 2015, 06:49:17 PM |
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Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.
Yes, I agree. The economy of today is not very stable. I am not going to say how much will it cost the dollar over time.
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tommorisonwebdesign
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August 24, 2015, 07:08:41 PM |
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Well, it depends what you mean by "end" If you mean the full disappearance of the dollar, then that’s not going to happen. If by “end” you mean the dollar losing its position as the sole reserve currency then that’s already underway.
However the dollar could prove to be more resilient than people think, the dollar has collapsed before, and its still there, a possible scenario is that after a dollar collapse, the Fed decides to have a gold backed dollar, and BAM the dollar is back again (obviously this is unlikely but still possible)
That scenario will probably not happen. Once the US dollar collapses, anybody who has gold or silver or crypto will be the only people with any more at all. Also, the fed is owned by foreign nations and those people probably would not want to loose the economic control, so gold backed currency will probably never again occur.
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Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
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techgeek
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August 24, 2015, 09:21:48 PM |
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Dollar was dead after 1940ish due to 3 on-going war. world 1,2, then vietnam etc.
the more wars, the less value the dollar has basically in simple terms. Its a matter of what we can reduce the worst situation possible, and maybe use bitcoin for that scenario or protect your own finance from it at this point.
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wxa7115
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August 24, 2015, 10:04:02 PM |
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Well, it depends what you mean by "end" If you mean the full disappearance of the dollar, then that’s not going to happen. If by “end” you mean the dollar losing its position as the sole reserve currency then that’s already underway.
However the dollar could prove to be more resilient than people think, the dollar has collapsed before, and its still there, a possible scenario is that after a dollar collapse, the Fed decides to have a gold backed dollar, and BAM the dollar is back again (obviously this is unlikely but still possible)
That scenario will probably not happen. Once the US dollar collapses, anybody who has gold or silver or crypto will be the only people with any more at all. Also, the fed is owned by foreign nations and those people probably would not want to loose the economic control, so gold backed currency will probably never again occur. True, but it is fun to imagine “what if scenarios”, don’t you think?
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luciann
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August 24, 2015, 10:44:15 PM |
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There are more and more econmists that warns about possible collapse of dollar, and it looks like american economy doesnt have very bright future... also it seems like Russia with China and India, would be more than happy if dollar colapse, and it looks like they already strated doing some steps to help with it.
They have started taking steps to reduce dependence on the dollar. Looking at the amount of dollars they hold, it would be a disaster for them if the dollar collapses overnight. I think if anything, it`ll be like lets just form a new hybrid currency so we dont have a shit storm for all the holders of our old currency. Most people just cant see it, but I know that china would want to become the next world reserve currency. So instead of this, who holds the dollars, it`ll be a who holds the yuan instead.
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HarHarHar9965
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August 25, 2015, 04:47:06 AM |
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Well, it depends what you mean by "end" If you mean the full disappearance of the dollar, then that’s not going to happen. If by “end” you mean the dollar losing its position as the sole reserve currency then that’s already underway.
However the dollar could prove to be more resilient than people think, the dollar has collapsed before, and its still there, a possible scenario is that after a dollar collapse, the Fed decides to have a gold backed dollar, and BAM the dollar is back again (obviously this is unlikely but still possible)
That scenario will probably not happen. Once the US dollar collapses, anybody who has gold or silver or crypto will be the only people with any more at all. Also, the fed is owned by foreign nations and those people probably would not want to loose the economic control, so gold backed currency will probably never again occur. True, but it is fun to imagine “what if scenarios”, don’t you think? they were fun when btc wasn't crashing and everybody were dreaming to be millionaires just by holding 1 btc and talking about how their dreams would come true, 200$ price now and everybody is running places cashing out their investment talking how it's all going to doom. It used to be fun to speculate what could have happened, but its scary seeing our predictions about how things could go south are actually taking place :/
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btccashacc
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August 25, 2015, 04:51:55 AM |
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maybe dollar is inflating once again you know but it won't come to an end though there are a lot of currency less worth than a dollar like my currency here in Philippines
what your currncy ?
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sergio
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September 11, 2015, 06:36:28 AM |
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maybe dollar is inflating once again you know but it won't come to an end though there are a lot of currency less worth than a dollar like my currency here in Philippines
That's just a hype , no currency especially dollar is going down you might believe that the dollar is indesstructible because of major mass adoption,but the only reason dollar has value is because it is petrodollar. Petrodollar is the currency used to buy petrol, petrol cannot be bought in any other currency except petrodollar, and I am talking on a macro level, when countries are trading and buying petrol. Once its not the currency to buy the fuel, it will be doomed and they are already in massive debt. Very true, but you miss one very important point. The petrodollar is backed by the USA military, it is not a currency based on democracy or free choice. It will not be doomed for the lack of buying petrol, since it is backed by force, it is doomed becaused it is being challanged by other superpowers like Russia and the Bricks bank, and the only reason it gets away with the massive debt, it is because the debt it is distributed worldwise against others will, but once some countries get out of the petrodollar which it is happening now a domino effect will take place, and the military backing will not work against countries like Russia, no one wants a third world war, that would be complete insanity, however its military backing could work against third world countries therefore it wont collapse completely but most likely will go though a severe financial crisis.
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romjpn
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September 11, 2015, 06:55:03 AM |
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Waiting for the PetroBitcoin then.
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---~~~***~~~--- http://InvestBitcoinGuide.com ---~~~***~~~--- Invest your bitcoins/altcoins into legit businesses. Get solid returns ! We hate scams and ponzis !
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NorrisK
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September 11, 2015, 07:15:02 AM |
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I don't have any dollars so I don't care. All I got are cryptos!
How do you live what do you eat? How do you pay property tax? What about your internet and other expenses? I`m sure you must hold atleast basic amounts of fiat. Getting around fiat 100% is just not possible yet . unless you still live under your parents, and they pay everything for you and you can pay for your thing, with crypto directly, it should work i guess but there was a guy on bitcointalk (Edward his nick, i think?) that get rid of his card and he is using 100% bitcoin I think you mean Elwar? I think he is indeed living full time of bitcoin in Germany. He is paid in bitcoin and is selling the coins for cash if he absolutely needs to use fiat.
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altsay
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September 11, 2015, 08:38:52 AM |
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I see many of you have watched I-S-I-S promotional video of the newly minted coins
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tech_solutions
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September 11, 2015, 10:48:22 AM |
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nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.
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randy8777
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September 11, 2015, 11:05:55 AM |
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nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.
well, there are people who don't connect bitcoin to any kind of fiat currency. they see 1 btc as 1 btc and not as 1 btc being worth $240. but it is a very small minority who think this way.
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molecular
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September 11, 2015, 07:26:53 PM |
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nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.
replace "Dollar" with "Gold" and "Bitcoin" with "Bank Notes" and you'll see that your statement might not be eternally true. Things can change... The following is what one of your ancestors might have said a century or two ago. nor Gold or Silver will come to an end, because for Bank Notes there should be some Gold/Silver to convert, if not there is no value for Bank Notes. Only Gold gives strength to Bank Notes, because who ever want to keep or invest in Bank Notes on the end of the Day he/she want to convert Bank Notes to Gold or Silver.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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wearepoor
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September 11, 2015, 07:32:00 PM |
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nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.
well, there are people who don't connect bitcoin to any kind of fiat currency. they see 1 btc as 1 btc and not as 1 btc being worth $240. but it is a very small minority who think this way. Agreed with you, there are some people who don't want to use traditional physical currency, they are looking forward to use bitcoins as mode of payment for their day to day routine transaction. They really don't care what is the price of 1 btc but practically dollar will never end as most of the countries are dealing in dollars for trade and dollar is a universal currency. So its wrong to say that dollar will end.
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AtheistAKASaneBrain
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September 11, 2015, 07:40:55 PM |
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nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.
well, there are people who don't connect bitcoin to any kind of fiat currency. they see 1 btc as 1 btc and not as 1 btc being worth $240. but it is a very small minority who think this way. I think it's impossible to think this way simply because to value something you need to be able to buy tons of things with it. Until you can buy with Bitcoin anything you can buy with fiat then it will make sense, until then Bitcoin is tied to fiat.
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manselr
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September 13, 2015, 09:25:59 PM |
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nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.
This is complete nonsense. If all fiat currencies, and not only fiat currencies, if all other forms of value like metals died tomorrow, dissapeared, and only Bitcoin existed, then the price of Bitcoin would be made from an average of what people is paying for in terms of goods and services. The thing is, this is an absolute non sense scenareo because I don't see fiat currencies disappearing let alone metals.
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coinplus
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September 17, 2015, 05:50:24 AM |
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As long as Unites States has some few productions and natural resources, dollar can not be vanished. So, there will not an end to any currency as quick as we think. Government as one simple method to save their currency is bail out. Just print new money and save theirs'.
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n2004al
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September 26, 2015, 01:04:53 PM Last edit: September 26, 2015, 04:06:31 PM by n2004al |
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There are to many times and to many people that tell that thing. Us dollar is at its end. This story is not told only this year but even years ago. But here we are. Only the last months us dollar was evaluated about 25%. I think it is hard that dollar go at its end. First of all because this will create an big crisis because almost all the country of the world have in their Central Banks us dollar in big quantity as a reserve. The lost of these reserves will cause crisis in every country and no one can know what can happen if this become true. Second because United States have the best economists of the world and they, even if it will be signs of this end, will find the way to go out of this story with success. And third because I don't believe much in the financial figures when it is spoken about money. They have to much importance. But much count even the believe of currency in the people. Us dollar have the most faith in the world compared with the other currencies. Even compared with the local currency. This faith make it more much resistant from various crisis which can have.
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marketingcoin
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September 26, 2015, 03:17:42 PM |
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dollar for dollar continues to rise lucrative currency
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novadragon
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September 26, 2015, 04:05:43 PM |
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impossible if the dollar ends, the price of the dollar is the world role of money worldwide
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leex1528
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September 29, 2015, 12:46:22 PM |
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There are to many times and to many people that tell that thing. Us dollar is at its end. This story is not told only this year but even years ago. But here we are. Only the last months us dollar was evaluated about 25%. I think it is hard that dollar go at its end. First of all because this will create an big crisis because almost all the country of the world have in their Central Banks us dollar in big quantity as a reserve. The lost of these reserves will cause crisis in every country and no one can know what can happen if this become true. Second because United States have the best economists of the world and they, even if it will be signs of this end, will find the way to go out of this story with success. And third because I don't believe much in the financial figures when it is spoken about money. They have to much importance. But much count even the believe of currency in the people. Us dollar have the most faith in the world compared with the other currencies. Even compared with the local currency. This faith make it more much resistant from various crisis which can have.
Good argument, I am guessing english isn't your native language but I definitely agree with you. I don't see the dollar going anywhere at all, and if it eventually does, it will not be in anyones life time here. The dollar is pretty much the closest thing in the world to "world" currency.
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n2004al
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September 29, 2015, 12:56:53 PM |
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There are to many times and to many people that tell that thing. Us dollar is at its end. This story is not told only this year but even years ago. But here we are. Only the last months us dollar was evaluated about 25%. I think it is hard that dollar go at its end. First of all because this will create an big crisis because almost all the country of the world have in their Central Banks us dollar in big quantity as a reserve. The lost of these reserves will cause crisis in every country and no one can know what can happen if this become true. Second because United States have the best economists of the world and they, even if it will be signs of this end, will find the way to go out of this story with success. And third because I don't believe much in the financial figures when it is spoken about money. They have to much importance. But much count even the believe of currency in the people. Us dollar have the most faith in the world compared with the other currencies. Even compared with the local currency. This faith make it more much resistant from various crisis which can have.
Good argument, I am guessing english isn't your native language but I definitely agree with you. I don't see the dollar going anywhere at all, and if it eventually does, it will not be in anyones life time here. The dollar is pretty much the closest thing in the world to "world" currency. Thanks for the good words. No, English is not my native language and I know that this can be understood when I write. But I think that, even maybe I am not to much good in this language, I am able to express in some ways what i want to say. This conviction and the desire to participate in this forum which the home of bitcoin make me to post here my thoughts. I love bitcoin and talking about it or about the things connected with it make. This make me to being well. And now since you liked my above post I wanted to introduce you another much more challenging than it and I will be happy if you will express your thoughts about what I had expressed there. You can find it here: https://bitcointalk.org/index.php?topic=1191118.0
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