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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
Legendary
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Activity: 1218
Merit: 1007
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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
Legendary
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Activity: 1358
Merit: 1000
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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
Legendary
Offline
Activity: 1218
Merit: 1007
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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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Activity: 53
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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
Legendary
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Activity: 1218
Merit: 1007
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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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Activity: 1596
Merit: 1029
Sine secretum non libertas
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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. |
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
Legendary
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Activity: 1218
Merit: 1007
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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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Activity: 2604
Merit: 1023
Leading Crypto Sports Betting & Casino Platform
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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
Legendary
Offline
Activity: 1358
Merit: 1000
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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
Member
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Activity: 70
Merit: 10
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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
Legendary
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Activity: 1218
Merit: 1007
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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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