Should I sell my EUROs?

[chessnut]

Hold your Euros. you are late to the party to sell. Do you think the European Banks are undergoing QE because they think the value of the euro will fall if not for it? no, they are fighting large forces of deflation, you should be saving your Euros outside of the bank in deflation. Do you see that any 'crisis', for example, the Greek debt crisis in the euro zone that devalues the currency is welcomed by the banks because they will have to print less money to achieve the same desired stable rate. They have the Euro under control. No doubt you should also hold some bitcoin and gold for the case where the Euro totally collapses alongside the USD, but why worry about selling all your euros.

[adamstgBit]

you should buy a boat

[fr4nkthetank]

Euro price going down. Sell or hodl?

Too late to sell Euro for USD now if you hadn't already, maybe at the next dead cat bounce. I do expect euro to reach dollar parity pretty soon but not before another bounce. Buying BTC however is a better bet imo, BTC is still undervalued and has recently started an uptrend (daily EMA's 20/50 cross and SMA's 20/50 both trending up now). Nobody knows how long this will last but since it's pretty fresh I think moving some euros into BTC is a pretty good bet right now. Personally I'm hardly holding any euros for a while now, just enough to pay my bills and living expenses.

Art Cashin (cnbc) said euro could go to parity if US raised rates while rest of the world is easing.  IMO rates will never rise again substantially, if they do markets will crap pretty bad.  Even now multinationals based in america are losing sales everywhere due to high dollar, etc.  So its a tough trade but it all depends on the FED.   

[el kaka22]

who know if euro will gonna rise again
trade in usd or btc.. eheh

[chessnut]

Art Cashin (cnbc) said euro could go to parity if US raised rates while rest of the world is easing.  IMO rates will never rise again substantially, if they do markets will crap pretty bad.  Even now multinationals based in america are losing sales everywhere due to high dollar, etc.  So its a tough trade but it all depends on the FED.   

It could go to parity for a fleeting moment, but it will not if thats not what the EU wants and it does not depend on just the fed. It is not desirabe to print money. If they dont need to devalue their currency to maintain desirable levels they wont. If the FED rises interest rates, the EU only needs to stop printing and deflationary forces will keep the EUR afloat.

who know if euro will gonna rise again
trade in usd or btc.. eheh

There are people who may know.

[manis]

It's funny that USD, one of the most overprinted currencies, is still pumping. I hope you're not taking these advice to buy USD seriously.

It has competition.
Other countries are coming out with their own versions of Quantitative Easing.

[thejaytiesto]

you should buy a boat

Thats not a good advice. That will depreciate the price by half on purchasing, and is a loss

Not if it's a nice boat that you can lend to people for money. It's all about trying to find passive income with your investments, thats what I always try to do.

[Dalmar]

EUR is going to bounce to 1.15 soonish, now is not the time to sell. Parity will not happen this fast.

[criptix]

EUR is going to bounce to 1.15 soonish, now is not the time to sell. Parity will not happen this fast.

european qe just started this month.
you sure we wont see parity soon?

my bet is we gonna see it probaly before the first half of 2015 ends. 

[Omikifuse]

you should buy a boat

Thats not a good advice. That will depreciate the price by half on purchasing, and is a loss

if the world becomes like Waterworld the boat price will skyrocket and he will be rich.

It is only matter of see what could happens in the future

[galbros]

If you trade to USD you can get better interest rate, but not sure long term.  Parity seems to be in the immediate future, but I'm not so sure.  Good Luck!

[uki]

US economy is getting hammered by strong dollar. Low oil prices costing us jobs here in Louisiana. Auto exports are crashing. Americans are not even buying American cars anymore because Imports are so cheap.

This is why I never want to see Bitcoin as legal tender. It would rise in value so quickly that velocity would crash, causing a depression. It functions better as a reserve currency mostly used for settlements. We could use altcoins for day to day xactions. The only problem with the bi-metal standard of the late 19th century was that gold and silver were pegged and not floating against each other. We need to end legal tender laws.

I would love to see the end of the legal tender laws, but to my understanding of the FED actions, since the early days of this unholy institution, they actually do all they can to ensure them. this includes mass media coverage, on how US economy is 'flourishing', despite the facts that you mentioned.

The Fed is the most damaging institution in the world. Every country was forced to convert to unbacked fiat because the dollar's reserve currency status, and gave every government free reign to steal purchasing power of savers at will.  This destroyed capital formation and the entire capital structure of the global economy. A credit crisis now could see hyperinflation everywhere except the U.S. and crippling deflation here. Literally millions could starve before the capital structure realigns. 

Crypto is the only way I can see to prevent the breakdown of international trade in a worst case scenario. I know this sounds crazy, but based on my understanding of Austrian macroeconomics, it's a very real risk.

And I must, unfortunately for us all, agree with you. I also don't see a nice ending to the story of continuous manipulation from the FED that hides the real picture of the economy. Whether there is any salvation from that, or better to say whether application of any 'medicine' would be allowed by the 'powers that be', that is another question.

[bri912678]

EUR is going to bounce to 1.15 soonish, now is not the time to sell. Parity will not happen this fast.

european qe just started this month.
you sure we wont see parity soon?

my bet is we gonna see it probaly before the first half of 2015 ends. 

The euro fell on Thursday below $1.10 for the first time since 2003.

Now it's at 1.08

No wonder the OP is worried.

[Auxi]

with $ and BTC europeans are earn money 

[el kaka22]

you should buy a boat

Thats not a good advice. That will depreciate the price by half on purchasing, and is a loss

Not if it's a nice boat that you can lend to people for money. It's all about trying to find passive income with your investments, thats what I always try to do.

+1
but vain if his place does not exist a river, lake or ocean

[specgamer]

I did some research, and the best solution I found right now for you is to exchange them for USD. he USD is a safe haven currency and since EURUSD is the most heavily traded currency pair, for the USD to strengthen funds are coming out of the Euro. Hope this helps

[virtapayseller666]

Trade it for USD
EUR/USD trading at 1.0860, the lowest level in over 11 years
see chart


price will decrease more

[azguard]

euro price is dropping in all countries.
you can either change it to dollar or maybe swiss frank.

[4ever]

It has already hit the lowest it can hit  . I don't see euro going any lower from now on. Not a good time to sell.

I kind of think along the same lines. its already very low, and wouldn't really fall much worse. Its best to just hold onto it for now.

[Monetizer]

Honestly I see Bitcoin as a much better investment to buy into rather than holding onto you Euro. You can get things like bitcoin debit cards so you can still buy things with your btc as well in shops.