Dollar coming to an end

[snappa4ever]

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]

Why is it that many of the people here wants dollar dead?

[Ringumbau]

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.

[botany]

Why is it that many of the people here wants dollar dead?

Because that is very good for bitcoin?

[mllenios]

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.

[SW725]

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.

[Champ92]

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?

[realbtcdealers4real]

And Bitcoin coming to a begining.

[picolo]

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

[Yakamoto]

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...

[DomoMan]

It's just getting close, 2050 guy is spot on.

[Meuh6879]

World war 3 might happen if dollar will fall.

not with the BRIC ... they have already more than the FMi in reserve.

[jjacob]

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.

[picolo]

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

[FuckItWhatever]

1 million dollars will buy you one mcdonalds in a couple years.

[wasserman99]

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

[phanhan]

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.

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[samaricanin]

BRICS already leaving the dollar

[oshnap]

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.

[DodoriousMaximus]

what will rapers rap about when dollar collapses?