botany
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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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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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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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Activity: 42
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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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Activity: 1554
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
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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
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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
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★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
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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
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Activity: 141
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
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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
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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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