Buy Bitcoin, US Dollar Will Become Worthless: Warns Kim Dotcom

Khaos77

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Flag Day ☺

Quote from: Perunex on February 26, 2019, 08:45:36 AM

Well, interesting thing we have. On one hand we have Dotcom who predicts the fall of US as an economy and USD as a currency. On the other hand there is Buffet who claims that Bitcoin is a "delusion" without value (but praises blockchain!).
https://www.coindesk.com/warren-buffet-bitcoin-is-a-delusion-but-blockchain-is-ingenious

Now, who do we believe? Probably best to trust yourselves, however in the Dotcom vs Buffet I choose Buffet anytime

Buffet Main Point was

Quote

“You can stare at it all day, and no little Bitcoins come out or anything like that.”

If Bitcoin Switched to Staking instead of energy wasteful Proof of Work, then he get his little bitcoins coming out. Wink

He probably drive bitcoin's price sky high, if he brought in.

teejayrichard2

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i dont know how Kim Dotcom came up with this conclusion but i dont think US dollar will become worthless as he speculates. It is true bitcoin will grow and become the major source of currency for transactions but then the US dollar and the native money of all countries wont phase out. They will all co-exist with bitcoin for transactions.

Perunex

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FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

Well, interesting thing we have. On one hand we have Dotcom who predicts the fall of US as an economy and USD as a currency. On the other hand there is Buffet who claims that Bitcoin is a "delusion" without value (but praises blockchain!).
https://www.coindesk.com/warren-buffet-bitcoin-is-a-delusion-but-blockchain-is-ingenious

Now, who do we believe? Probably best to trust yourselves, however in the Dotcom vs Buffet I choose Buffet anytime

Bitcoindigger02

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The debt ceiling that will expire on March 1 is also imminent. If Congress fails to agree on raising the debt ceiling, the United States may default on some of its debts.

Treasury bonds have always been regarded as the safest and most liquid financial assets in the world. The rise in bond yields caused by the sell-off will have a huge impact on the United States and even the global market. The U.S. government has just experienced the longest suspension in history. After the Republican Party handed over the majority of the House of Representatives to the Democratic Party in the mid-term elections last year, the differences between the two parties on the debt ceiling are equally clear, and negotiations are likely to fall into a protracted war.

Hannahanto

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Two things can help America come out of huge debts. Can legalize bitcoin. But if bitcoin is allowed, certainly the dollar value all over, is going to fall down. But, the country's economy will certainly grow up if the government finds ways to utilyze crypto currencies on their benefits. When the citizens start using it legally, the demand is going to increase and certainly value of bitcoin will certainly increase.

pushups44

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I highly doubt the U.S. dollar will become worthless, because it is backed by the most powerful economy and military in the world, thus giving the U.S. some room to have a bloated debt. I think the increasing supply of dollars is a concern, however, which is why gold and bitcoin might good good ideas to hedge.

betty11

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We see this coming in the future, when it's finally going to be worthless is what no one can tell. The US debt profile is alarming, and they are not willing to pay. How can a country so much entrench in debt be controlling the world economy, it means the dollar will surely be dump someday.

bitvelk

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I am certainly for the use of bitcoin, because this currency has very great prospects and can bring much more benefit to the economy than the dollar. But we are all so accustomed to it that it is unlikely that there will be a complete replacement of it with bitcoin.

Urbinklin

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Bitcoin really has a big advantage over the dollar. But I can not imagine that in the near future people can completely abandon the use of the usual paper dollars. It is unlikely that this will happen in the near future.

carlisle1

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Lol stop your foolishness because only noob will buy this topic,dollar will never become worthless as a super country america will never let this happen

They would rather invade the pivacy and security of cryptocurrency than killing their dollar,and we know whats this country’s capacity and impossible becomes possible when this country act

Sumo

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I can not say that I believe that the dollar will soon come to an end and bitcoin will completely replace it. If there is such a possibility, this process will take many decades. Therefore, I consider bitcoin simply as an investment option.

Vansoff

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Bitcoin are more profitable and secure. it will take us dollar position. us dollar are passing bad time that's bitcoin should take this place. its future are good

FedorIzmailov

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I do not know, it seems to me that the dollar will live long enough and it is almost impossible to overthrow it, but bitcoin can easily exist together with it

BigSamson5

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The dollar is at a loss. Of course most countries will try to keep us alive, but btc will increase that time.

aray80

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Bitcoin is the best investment when the market is falling and well-known businessmen like Kim Dotcom also recommend it ...

sngwinner

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What will happen to Btc value if this really happens. I really cant see the point when US dollars will become that useless. They always have a way to save their currency and I think they will do same this time too and not wait for people to run into crypto.

Sumo

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I am interested in how soon bitcoin will be able to take the place of the dollar, because I am convinced that this will happen. The only question is when we'll see it.

minhlee95

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I hope that in the next decade bitcoin will still be able to surpass the dollar and become a world leader, since its technology is more modern than paper money, even of this scale.

Elerntta

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It seems to me that whatever problems the dollar may have, it will still remain the main world currency for a long time, even if bitcoin becomes one of the world's leading players.

WebTera

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The behavior of currencies is unpredictable, but it is unlikely that the dollar will instantly lose its relevance, because it is the largest world currency...

Topic: Buy Bitcoin, US Dollar Will Become Worthless: Warns Kim Dotcom (Read 19137 times)