Topic: Bitcoin had Gods gift and fate written all over it. (Read 2077 times)
Well, I won't be too optimistic given a short timeline in a year or two. But further down the road, I believe from there anything is possible.
If you made a stack of all the shirts lost betting against the dollar in the past 24 months, it would reach the moon.
If anything, the dollar's strength is accelerating . The US has passed through the crucible of the great recession and, clearly, has reemerged as the world's dominant economy. As icing on the cake - as if the trillions made in Silicon Valley weren't enough - the US will soon be the world's largest oil producer.
If anything, the dollar's strength is accelerating . The US has passed through the crucible of the great recession and, clearly, has reemerged as the world's dominant economy. As icing on the cake - as if the trillions made in Silicon Valley weren't enough - the US will soon be the world's largest oil producer.
I agree. I would only say that the USD collapse might be a little ways off. I'd say in 3 to 5 years.
The petrodollar is rapidly declining, plus Europe is looking more and more like its gong to blow up with banking contagion that will go global. We don't know the timing it could be years or months but I'm convinced it's about the most obvious way to become wealthy I can think of. Buy some Bitcoins and simply forget about them for a few years.
http://www.kitco.com/news/2014-12-16/US-Dollar-Strength-Likely-To-Continue-In-2015-As-US-Interest-Rates-Normalize_Debbie.html
So the world economy is in the clear. Hip Hip Hooray....Hip Hip Hooray....
Jim Willie a guy I follow has said when the financial system breaks down expect a sharp rise in the dollar. Its counterintuitive but it's a viewpoint. Don't forget 2008 saw a rapid rise in the dollar, I'm not sure it's a sign of confidence. Anyway the petrodollar which has more dollars outside the U.S. than in is the real place it is collapsing sending US dollars home and the inevitable inflation that comes with that.
There's a big difference if you have been following the Macro Economics of the world this year, the US is having it's largest spike in jobs since 1999 that and with the GDP rising to the best in the last ten years. The EU is having trouble with debts because derp derp greece and China is having issues due to a lower class that wants to be middle class and a weaker euro that's coming in.
Also the drop in gas during the holiday season led to a nice spending boost and gave smaller business a bit more profits in the US this year, yeah the world economy is a bit shakey but like you said "the petrodollar" is not failing, at least it is not failing for now.
You might want to look deeper than the 'facts' of a recovery in the MSM. For one the participation rate in the US has never been worse for decades. And if you think the petrodollar is A ok then Google anything about about direct currency swaps deals between particularly BRIC nations.
Don't forget this is after trillions of debt has been pumped into the system at zero interest rates.
http://www.shadowstats.com/alternate_data
I really agree with the title. It almost seems inevitable that crypto currencies are the future.
Fact, the U.S. dollar WILL collapse in the next year or two.
You have been watching to many conspiracy theories buddy, Its just like when people scream Bitcoin is dying!
Except your fact is more outrageous as it is not very likely in my humble opinion, take a second and realise how much control they have over the world economy.
The only time it will 'collapse' is if they let it collapse and there will be a world currency, after the wars of course.
All these idiots saying "the dollar will collapse a year or two from now" have been saying that for decades.
The dollar has still decades of surviving as the 1st most accepted payment currency, deal with it.
You are 100% right, the only way the dollar collapses is when they want it to to benefit them. Around 85% of $5 trillion is trading daily using the dollar lol
When you hear of a proposed new world currency then they can say the end is near etc
Fact, the U.S. dollar WILL collapse in the next year or two.
You have been watching to many conspiracy theories buddy, Its just like when people scream Bitcoin is dying!
Except your fact is more outrageous as it is not very likely in my humble opinion, take a second and realise how much control they have over the world economy.
The only time it will 'collapse' is if they let it collapse and there will be a world currency, after the wars of course.
All these idiots saying "the dollar will collapse a year or two from now" have been saying that for decades.
The dollar has still decades of surviving as the 1st most accepted payment currency, deal with it.
Fact, the U.S. dollar WILL collapse in the next year or two.
You have been watching to many conspiracy theories buddy, Its just like when people scream Bitcoin is dying!
Except your fact is more outrageous as it is not very likely in my humble opinion, take a second and realise how much control they have over the world economy.
The only time it will 'collapse' is if they let it collapse and there will be a world currency, after the wars of course.
I agree. I would only say that the USD collapse might be a little ways off. I'd say in 3 to 5 years.
The petrodollar is rapidly declining, plus Europe is looking more and more like its gong to blow up with banking contagion that will go global. We don't know the timing it could be years or months but I'm convinced it's about the most obvious way to become wealthy I can think of. Buy some Bitcoins and simply forget about them for a few years.
http://www.kitco.com/news/2014-12-16/US-Dollar-Strength-Likely-To-Continue-In-2015-As-US-Interest-Rates-Normalize_Debbie.html
So the world economy is in the clear. Hip Hip Hooray....Hip Hip Hooray....
Jim Willie a guy I follow has said when the financial system breaks down expect a sharp rise in the dollar. Its counterintuitive but it's a viewpoint. Don't forget 2008 saw a rapid rise in the dollar, I'm not sure it's a sign of confidence. Anyway the petrodollar which has more dollars outside the U.S. than in is the real place it is collapsing sending US dollars home and the inevitable inflation that comes with that.
Yawn - if the dollar crashes bitcoin is not going to save you. That is the only fact here.
P.s. The dollar is not going to crash any time soon.....
P.s. The dollar is not going to crash any time soon.....
I think we can agree to disagree about the dollar collapsing, it's almost a mainstream idea these days.
But let's imagine the dollar started to collapse, it won't be over weeks it will be sudden and violent. What would you do and what would you advise your froends and family to do? if a bank run happens it will be an online bank run, no queues outside banks. In 24hrs most people would have time to move their money to some kind fo online Gold account which usually takes time to process or people will scramble to Bitcoin. I'm not saying everyone will, but enough to send the price way higher than people imagine.
a) If the dollar collapses the social unrest is going to hit factor 10 (worse than Bosnia).
b) Social unrest is a very ugly phenomena.
My friends stories actually broke my heart. But I can summarise some main points really quickly:
a) Money becomes worthless. No one wants a medium of exchange, they want real tangible goods. That is not gold and silver, that is food, guns, ammunition, candles, lighters, whisky (lots of people turn to drink).
b) The only time people are willing to trade their goods is in exchange for other goods that they NEED. No one cares about being wealthy.
c) If you are somehow wealthy in this situation, you will be killed.
d) The only thing that will protect you is many friends and many guns.
Subsequently I really have to disagree strongly about BitCoin being worth a dime in a dollar collapse situation. I honestly5. think that people don't know what they are actually saying when they talk about a dollar collapse. Be careful what you wish for
1. The Internet was barely used in 1992.
2. Bitcoin was not invented in 1992.
3. We are ina time of mass transport, just because the dollar collapses dosnt mean many savvy people will seek to leave the U.S. and take wealth with them.
4. I'm sorry but if there was very wealthy Bosnians they would of scrambled their wealth into gold and left, you experiences are one of the average man on the street.
5. Bosnia was a civil war not simply a currency collapse.
6. I live in Asia, your dollar or Euro has no affect on me so if it does turn to bloody violence I'll be watching you blow each other's brains out on Twitter sipping lattes just like Americans did during the Bosnian war, The Iraq war, The Libiyan war, Vietnam War the Ukrainian war....No one said it will be pretty but America is not the whole world, many countries and parts of the world might even prosper from a dollar collapse.
3 and 4 are true. But for every 5 people who are rich enough to leave there are 95 who aren't. My friends said that is happened so fast that hardly anyone had the preparations to leave.
5 A currency collapse would lead to collapsed states and massive internal conflicts. Zimbabwe 2008 springs to mind.
6 Depends where in Asia, but you will have minimal repercussions. Yes
P.s. You sound like a intelligent interesting individual. Don't take my disagreements personally (in case you were).
Actually my central point is 1 & 2. People now have the ability to 24/7 get online and move their money to safer locations, will everyone, no, but a lot will. That is what has changed, tho gs will move in real time and as we get news of dollar collapsing we will also see within minutes even seconds movement of money. In the past people woke up one day and the banks are closed and the currency collapsed overnight, this time I belive will be different.
I guess my point is the Stars are lining up for Bitcoin and what happens next is almost inevitable.
No I don't take arguments personally unless you call me an asshole, but I will disagree and argue my points strongly.
The fact is many people today have multi passports and large amounts of money they will want to protect and take with them. You can't carry millions of dollars of gold bars in a bag on a plane. I don't want to patronise people here but if you don't ave more than a million dollars in liquid wealth then probably you are looking at this from your own local perspective. I don't have a million liquid but I'm sure as hell many people do and and they aren't going to watch their wealth drop to zero if they have anyway to scramble it to safety.
Of course the majority will wonder what the hell is going on and won't have any saving to even protect. But many middle class people fearing for their saving will do what they can. a currency collapse is the beginning, it's later that violence and food shortages might happen. People have got their dollar collapse senarios ass backwards IMO.
Surprising enough the currency collapse in Weimar Germany didn't bring business to a halt, bankruptcies went up a lot on the brief occasions some sort of order was returned to the moneys collapse but when it was shot to hell there where few more than normal averages. Things weren't good by any means but they kept some sort of order even when you'd save a hell of a lot paying for a meal before instead of after. That's not an overnight collapse or civil war breaking out though but if the dollar went out with a bang there'd be plenty of similarities.
I actually thought the same thing when composing my argument. But the reason I didn't use it as a counter argument to my own point was that Germany had plenty of healthy neighbours they could still barter with. A lot of countries would be in a mess if the dollar collapsed. Subsequently the dollar collapse would probably be much worse than the Weimar Republics hyperinflation, much worse than Zimbabwes too. "Fact, the U.S. dollar WILL collapse in the next year or two"
i bet everything i have against that prediction
Same i bet everything i have against that prediction
"Fact, the U.S. dollar WILL collapse in the next year or two"
i bet everything i have against that prediction
i bet everything i have against that prediction
Yawn - if the dollar crashes bitcoin is not going to save you. That is the only fact here.
P.s. The dollar is not going to crash any time soon.....
P.s. The dollar is not going to crash any time soon.....
I think we can agree to disagree about the dollar collapsing, it's almost a mainstream idea these days.
But let's imagine the dollar started to collapse, it won't be over weeks it will be sudden and violent. What would you do and what would you advise your froends and family to do? if a bank run happens it will be an online bank run, no queues outside banks. In 24hrs most people would have time to move their money to some kind fo online Gold account which usually takes time to process or people will scramble to Bitcoin. I'm not saying everyone will, but enough to send the price way higher than people imagine.
a) If the dollar collapses the social unrest is going to hit factor 10 (worse than Bosnia).
b) Social unrest is a very ugly phenomena.
My friends stories actually broke my heart. But I can summarise some main points really quickly:
a) Money becomes worthless. No one wants a medium of exchange, they want real tangible goods. That is not gold and silver, that is food, guns, ammunition, candles, lighters, whisky (lots of people turn to drink).
b) The only time people are willing to trade their goods is in exchange for other goods that they NEED. No one cares about being wealthy.
c) If you are somehow wealthy in this situation, you will be killed.
d) The only thing that will protect you is many friends and many guns.
Subsequently I really have to disagree strongly about BitCoin being worth a dime in a dollar collapse situation. I honestly5. think that people don't know what they are actually saying when they talk about a dollar collapse. Be careful what you wish for
1. The Internet was barely used in 1992.
2. Bitcoin was not invented in 1992.
3. We are ina time of mass transport, just because the dollar collapses dosnt mean many savvy people will seek to leave the U.S. and take wealth with them.
4. I'm sorry but if there was very wealthy Bosnians they would of scrambled their wealth into gold and left, you experiences are one of the average man on the street.
5. Bosnia was a civil war not simply a currency collapse.
6. I live in Asia, your dollar or Euro has no affect on me so if it does turn to bloody violence I'll be watching you blow each other's brains out on Twitter sipping lattes just like Americans did during the Bosnian war, The Iraq war, The Libiyan war, Vietnam War the Ukrainian war....No one said it will be pretty but America is not the whole world, many countries and parts of the world might even prosper from a dollar collapse.
3 and 4 are true. But for every 5 people who are rich enough to leave there are 95 who aren't. My friends said that is happened so fast that hardly anyone had the preparations to leave.
5 A currency collapse would lead to collapsed states and massive internal conflicts. Zimbabwe 2008 springs to mind.
6 Depends where in Asia, but you will have minimal repercussions. Yes
P.s. You sound like a intelligent interesting individual. Don't take my disagreements personally (in case you were).
Actually my central point is 1 & 2. People now have the ability to 24/7 get online and move their money to safer locations, will everyone, no, but a lot will. That is what has changed, tho gs will move in real time and as we get news of dollar collapsing we will also see within minutes even seconds movement of money. In the past people woke up one day and the banks are closed and the currency collapsed overnight, this time I belive will be different.
I guess my point is the Stars are lining up for Bitcoin and what happens next is almost inevitable.
No I don't take arguments personally unless you call me an asshole, but I will disagree and argue my points strongly.
Yawn - if the dollar crashes bitcoin is not going to save you. That is the only fact here.
P.s. The dollar is not going to crash any time soon.....
P.s. The dollar is not going to crash any time soon.....
I think we can agree to disagree about the dollar collapsing, it's almost a mainstream idea these days.
But let's imagine the dollar started to collapse, it won't be over weeks it will be sudden and violent. What would you do and what would you advise your froends and family to do? if a bank run happens it will be an online bank run, no queues outside banks. In 24hrs most people would have time to move their money to some kind fo online Gold account which usually takes time to process or people will scramble to Bitcoin. I'm not saying everyone will, but enough to send the price way higher than people imagine.
a) If the dollar collapses the social unrest is going to hit factor 10 (worse than Bosnia).
b) Social unrest is a very ugly phenomena.
My friends stories actually broke my heart. But I can summarise some main points really quickly:
a) Money becomes worthless. No one wants a medium of exchange, they want real tangible goods. That is not gold and silver, that is food, guns, ammunition, candles, lighters, whisky (lots of people turn to drink).
b) The only time people are willing to trade their goods is in exchange for other goods that they NEED. No one cares about being wealthy.
c) If you are somehow wealthy in this situation, you will be killed.
d) The only thing that will protect you is many friends and many guns.
Subsequently I really have to disagree strongly about BitCoin being worth a dime in a dollar collapse situation. I honestly5. think that people don't know what they are actually saying when they talk about a dollar collapse. Be careful what you wish for
1. The Internet was barely used in 1992.
2. Bitcoin was not invented in 1992.
3. We are ina time of mass transport, just because the dollar collapses dosnt mean many savvy people will seek to leave the U.S. and take wealth with them.
4. I'm sorry but if there was very wealthy Bosnians they would of scrambled their wealth into gold and left, you experiences are one of the average man on the street.
5. Bosnia was a civil war not simply a currency collapse.
6. I live in Asia, your dollar or Euro has no affect on me so if it does turn to bloody violence I'll be watching you blow each other's brains out on Twitter sipping lattes just like Americans did during the Bosnian war, The Iraq war, The Libiyan war, Vietnam War the Ukrainian war....No one said it will be pretty but America is not the whole world, many countries and parts of the world might even prosper from a dollar collapse.
3 and 4 are true. But for every 5 people who are rich enough to leave there are 95 who aren't. My friends said that is happened so fast that hardly anyone had the preparations to leave.
5 A currency collapse would lead to collapsed states and massive internal conflicts. Zimbabwe 2008 springs to mind.
6 Depends where in Asia, but you will have minimal repercussions. Yes
P.s. You sound like a intelligent interesting individual. Don't take my disagreements personally (in case you were).
Actually my central point is 1 & 2. People now have the ability to 24/7 get online and move their money to safer locations, will everyone, no, but a lot will. That is what has changed, tho gs will move in real time and as we get news of dollar collapsing we will also see within minutes even seconds movement of money. In the past people woke up one day and the banks are closed and the currency collapsed overnight, this time I belive will be different.
I guess my point is the Stars are lining up for Bitcoin and what happens next is almost inevitable.
No I don't take arguments personally unless you call me an asshole, but I will disagree and argue my points strongly.
Yawn - if the dollar crashes bitcoin is not going to save you. That is the only fact here.
P.s. The dollar is not going to crash any time soon.....
P.s. The dollar is not going to crash any time soon.....
I think we can agree to disagree about the dollar collapsing, it's almost a mainstream idea these days.
But let's imagine the dollar started to collapse, it won't be over weeks it will be sudden and violent. What would you do and what would you advise your froends and family to do? if a bank run happens it will be an online bank run, no queues outside banks. In 24hrs most people would have time to move their money to some kind fo online Gold account which usually takes time to process or people will scramble to Bitcoin. I'm not saying everyone will, but enough to send the price way higher than people imagine.
a) If the dollar collapses the social unrest is going to hit factor 10 (worse than Bosnia).
b) Social unrest is a very ugly phenomena.
My friends stories actually broke my heart. But I can summarise some main points really quickly:
a) Money becomes worthless. No one wants a medium of exchange, they want real tangible goods. That is not gold and silver, that is food, guns, ammunition, candles, lighters, whisky (lots of people turn to drink).
b) The only time people are willing to trade their goods is in exchange for other goods that they NEED. No one cares about being wealthy.
c) If you are somehow wealthy in this situation, you will be killed.
d) The only thing that will protect you is many friends and many guns.
Subsequently I really have to disagree strongly about BitCoin being worth a dime in a dollar collapse situation. I honestly5. think that people don't know what they are actually saying when they talk about a dollar collapse. Be careful what you wish for
1. The Internet was barely used in 1992.
2. Bitcoin was not invented in 1992.
3. We are ina time of mass transport, just because the dollar collapses dosnt mean many savvy people will seek to leave the U.S. and take wealth with them.
4. I'm sorry but if there was very wealthy Bosnians they would of scrambled their wealth into gold and left, you experiences are one of the average man on the street.
5. Bosnia was a civil war not simply a currency collapse.
6. I live in Asia, your dollar or Euro has no affect on me so if it does turn to bloody violence I'll be watching you blow each other's brains out on Twitter sipping lattes just like Americans did during the Bosnian war, The Iraq war, The Libiyan war, Vietnam War the Ukrainian war....No one said it will be pretty but America is not the whole world, many countries and parts of the world might even prosper from a dollar collapse.
3 and 4 are true. But for every 5 people who are rich enough to leave there are 95 who aren't. My friends said that is happened so fast that hardly anyone had the preparations to leave.
5 A currency collapse would lead to collapsed states and massive internal conflicts. Zimbabwe 2008 springs to mind.
6 Depends where in Asia, but you will have minimal repercussions. Yes
P.s. You sound like a intelligent interesting individual. Don't take my disagreements personally (in case you were).
Yawn - if the dollar crashes bitcoin is not going to save you. That is the only fact here.
P.s. The dollar is not going to crash any time soon.....
P.s. The dollar is not going to crash any time soon.....
I think we can agree to disagree about the dollar collapsing, it's almost a mainstream idea these days.
But let's imagine the dollar started to collapse, it won't be over weeks it will be sudden and violent. What would you do and what would you advise your froends and family to do? if a bank run happens it will be an online bank run, no queues outside banks. In 24hrs most people would have time to move their money to some kind fo online Gold account which usually takes time to process or people will scramble to Bitcoin. I'm not saying everyone will, but enough to send the price way higher than people imagine.
a) If the dollar collapses the social unrest is going to hit factor 10 (worse than Bosnia).
b) Social unrest is a very ugly phenomena.
My friends stories actually broke my heart. But I can summarise some main points really quickly:
a) Money becomes worthless. No one wants a medium of exchange, they want real tangible goods. That is not gold and silver, that is food, guns, ammunition, candles, lighters, whisky (lots of people turn to drink).
b) The only time people are willing to trade their goods is in exchange for other goods that they NEED. No one cares about being wealthy.
c) If you are somehow wealthy in this situation, you will be killed.
d) The only thing that will protect you is many friends and many guns.
Subsequently I really have to disagree strongly about BitCoin being worth a dime in a dollar collapse situation. I honestly5. think that people don't know what they are actually saying when they talk about a dollar collapse. Be careful what you wish for
1. The Internet was barely used in 1992.
2. Bitcoin was not invented in 1992.
3. We are ina time of mass transport, just because the dollar collapses dosnt mean many savvy people will seek to leave the U.S. and take wealth with them.
4. I'm sorry but if there was very wealthy Bosnians they would of scrambled their wealth into gold and left, you experiences are one of the average man on the street.
5. Bosnia was a civil war not simply a currency collapse.
6. I live in Asia, your dollar or Euro has no affect on me so if it does turn to bloody violence I'll be watching you blow each other's brains out on Twitter sipping lattes just like Americans did during the Bosnian war, The Iraq war, The Libiyan war, Vietnam War the Ukrainian war....No one said it will be pretty but America is not the whole world, many countries and parts of the world might even prosper from a dollar collapse.
Maybe Satoshi is another species with much higher intelligence trying to change the way we do finance since they are realizing how outdated and fucked up our global finance is operating.
Maybe Satoshi is.. Bruce Wayne!
Maybe Satoshi is another species with much higher intelligence trying to change the way we do finance since they are realizing how outdated and fucked up our global finance is operating.
Yawn - if the dollar crashes bitcoin is not going to save you. That is the only fact here.
P.s. The dollar is not going to crash any time soon.....
P.s. The dollar is not going to crash any time soon.....
I think we can agree to disagree about the dollar collapsing, it's almost a mainstream idea these days.
But let's imagine the dollar started to collapse, it won't be over weeks it will be sudden and violent. What would you do and what would you advise your froends and family to do? if a bank run happens it will be an online bank run, no queues outside banks. In 24hrs most people would have time to move their money to some kind fo online Gold account which usually takes time to process or people will scramble to Bitcoin. I'm not saying everyone will, but enough to send the price way higher than people imagine.
a) If the dollar collapses the social unrest is going to hit factor 10 (worse than Bosnia).
b) Social unrest is a very ugly phenomena.
My friends stories actually broke my heart. But I can summarise some main points really quickly:
a) Money becomes worthless. No one wants a medium of exchange, they want real tangible goods. That is not gold and silver, that is food, guns, ammunition, candles, lighters, whisky (lots of people turn to drink).
b) The only time people are willing to trade their goods is in exchange for other goods that they NEED. No one cares about being wealthy.
c) If you are somehow wealthy in this situation, you will be killed.
d) The only thing that will protect you is many friends and many guns.
Subsequently I really have to disagree strongly about BitCoin being worth a dime in a dollar collapse situation. I honestly think that people don't know what they are actually saying when they talk about a dollar collapse. Be careful what you wish for
Yawn - if the dollar crashes bitcoin is not going to save you. That is the only fact here.
P.s. The dollar is not going to crash any time soon.....
P.s. The dollar is not going to crash any time soon.....
I think we can agree to disagree about the dollar collapsing, it's almost a mainstream idea these days.
But let's imagine the dollar started to collapse, it won't be over weeks it will be sudden and violent. What would you do and what would you advise your froends and family to do? if a bank run happens it will be an online bank run, no queues outside banks. In 24hrs most people would have time to move their money to some kind fo online Gold account which usually takes time to process or people will scramble to Bitcoin. I'm not saying everyone will, but enough to send the price way higher than people imagine.
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