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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
Donator
Legendary
 Offline
Activity: 2772
Merit: 1019
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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* |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
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
Offline
Activity: 1582
Merit: 1064
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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
Newbie
Offline
Activity: 28
Merit: 0
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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
Offline
Activity: 1596
Merit: 1029
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. |
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
Newbie
Offline
Activity: 28
Merit: 0
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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
Offline
Activity: 28
Merit: 0
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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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