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Topic: Dollar coming to an end - page 19. (Read 34981 times)

legendary
Activity: 1218
Merit: 1007
September 10, 2014, 09:34:53 PM
Why is it that many of the people here wants dollar dead?

Because that is very good for bitcoin?

There are a lot of factors to consider. How about the people with no btc? Dollars downfall will create chaos for sure.

World war 3 might happen if dollar will fall.

Dollar will fail; we have to protect ourselves
Yeah, this is where it becomes difficult to predict what will happen.

Protection isn't a simple "Hide my wallet away on a USB and it'll be fine, I'll just tell people I have none." You are looking at protecting entire infrastructure, such as the internet itself. The dollar collapsing will end up with huge power grabs in the chaos that would ensue, possibly, and so things as delicate as the internet would have to be very well protected. And I don't mean the main servers, I mean every other piece related to it, like routers, ISP servers housings, all that stuff.

I'm torn between physical assets and Bitcoin, to be honest. Bitcoin has amazing potential, but if the internet goes down, which has a likely possibility if the dollar would collapse, then it becomes far less valuable. Physical assets will likely often be used and accepted if the internet goes down, but then you'd be missing out on Bitcoin in the event the internet doesn't fall...
hero member
Activity: 1022
Merit: 500
September 09, 2014, 12:41:13 PM
Why is it that many of the people here wants dollar dead?

Because that is very good for bitcoin?

maybe 40% of the bitcoin users wants to incash their btc. Why do they want it to be dead?

If you want to cash your btc you can sell easily

Why is it that many of the people here wants dollar dead?

Because that is very good for bitcoin?

There are a lot of factors to consider. How about the people with no btc? Dollars downfall will create chaos for sure.

World war 3 might happen if dollar will fall.

Dollar will fail; we have to protect ourselves
newbie
Activity: 56
Merit: 0
September 09, 2014, 10:59:41 AM
And Bitcoin coming to a begining.
member
Activity: 112
Merit: 10
☯YIN YANG KING☯
September 09, 2014, 10:55:40 AM
Why is it that many of the people here wants dollar dead?

Because that is very good for bitcoin?

maybe 40% of the bitcoin users wants to incash their btc. Why do they want it to be dead?
member
Activity: 81
Merit: 10
September 09, 2014, 01:16:31 AM
Why is it that many of the people here wants dollar dead?

Because that is very good for bitcoin?

There are a lot of factors to consider. How about the people with no btc? Dollars downfall will create chaos for sure.

World war 3 might happen if dollar will fall.
full member
Activity: 154
Merit: 100
PAMINTA 101
September 09, 2014, 12:56:36 AM
Why is it that many of the people here wants dollar dead?

Because that is very good for bitcoin?

There are a lot of factors to consider. How about the people with no btc? Dollars downfall will create chaos for sure.
legendary
Activity: 1582
Merit: 1064
September 08, 2014, 10:19:00 AM
Why is it that many of the people here wants dollar dead?

Because that is very good for bitcoin?
newbie
Activity: 42
Merit: 0
September 08, 2014, 10:01:10 AM
Why is it that many of the people here wants dollar dead?
It is normal to hate rigged scam systems, like the USD and EUR ones.
full member
Activity: 150
Merit: 100
September 08, 2014, 07:46:34 AM
Why is it that many of the people here wants dollar dead?
sr. member
Activity: 374
Merit: 250
September 07, 2014, 09:26:07 PM
USD and EUR = FUBAR in 2050

This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then.
I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment.

If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism.
During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time.

Whats the problem? you can buy with BTC directly, it will be accepted worth wide, no need to "cash out"
I would say the problem is that you can not spend this bitcoin on things like a car or any other goods/services that you would otherwise want to buy while you are waiting for the price to appreciate over this 30 year period.

I am waiting for the day BTC-denominated investments are easily available. Then just put your bitcoins into a low-risk instrument for 30 years.

There are many btc-denominated investments available on security forum. Problem is most all of them are borderline scam or run by inexperience operators.
FIFY

I would highly recommend against "investing" your money in anything in the securities section of the forum. You are just asking to lose your money if you do this. I think it would be a better bet to put your money in something like bitfinex swaps and renew the swaps when they expire. You should remember to periodically monitor them to make sure there are no signs of trouble.
full member
Activity: 181
Merit: 100
September 07, 2014, 08:54:09 PM
USD and EUR = FUBAR in 2050

This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then.
I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment.

If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism.
During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time.

Whats the problem? you can buy with BTC directly, it will be accepted worth wide, no need to "cash out"
I would say the problem is that you can not spend this bitcoin on things like a car or any other goods/services that you would otherwise want to buy while you are waiting for the price to appreciate over this 30 year period.

I am waiting for the day BTC-denominated investments are easily available. Then just put your bitcoins into a low-risk instrument for 30 years.

There are many btc-denominated investments available on security forum. Problem is most of them are borderline scam or run by inexperience operators.
legendary
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
September 07, 2014, 12:45:09 AM
USD and EUR = FUBAR in 2050

This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then.
I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment.

If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism.
During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time.

Whats the problem? you can buy with BTC directly, it will be accepted worth wide, no need to "cash out"
I would say the problem is that you can not spend this bitcoin on things like a car or any other goods/services that you would otherwise want to buy while you are waiting for the price to appreciate over this 30 year period.

I am waiting for the day BTC-denominated investments are easily available. Then just put your bitcoins into a low-risk instrument for 30 years.
sr. member
Activity: 476
Merit: 250
September 06, 2014, 04:14:42 PM
USD and EUR = FUBAR in 2050

This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then.
I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment.

If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism.
During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time.

Whats the problem? you can buy with BTC directly, it will be accepted worth wide, no need to "cash out"
I would say the problem is that you can not spend this bitcoin on things like a car or any other goods/services that you would otherwise want to buy while you are waiting for the price to appreciate over this 30 year period.
member
Activity: 69
Merit: 10
September 06, 2014, 11:24:08 AM
Both EUR and USD are going down, is set in stone.
member
Activity: 70
Merit: 10
September 06, 2014, 10:17:00 AM
USD and EUR = FUBAR in 2050

This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then.
I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment.

If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism.
During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time.

Whats the problem? you can buy with BTC directly, it will be accepted worth wide, no need to "cash out"
hero member
Activity: 1022
Merit: 500
September 06, 2014, 06:40:39 AM
USD and EUR = FUBAR in 2050

This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then.
I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment.

If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism.
During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time.

Most people would sell some after x10 and then after x2 ect.

Maybe you can imagine a system where a third party won't give you back your bitcoin or safe deposit box where your paper wallet is for a set number of years but you would take a counter party risk
hero member
Activity: 868
Merit: 1001
https://keybase.io/masterp FREE Escrow Service
September 06, 2014, 01:30:22 AM
USD and EUR = FUBAR in 2050

This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then.
I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment.

If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism.
During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time.
legendary
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
September 05, 2014, 01:47:13 PM
USD and EUR = FUBAR in 2050

This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then.
I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment.

If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism.

30 years... The temptation to sell each time an All Time High is reached will be great.
member
Activity: 70
Merit: 10
September 05, 2014, 01:38:53 PM
USD and EUR = FUBAR in 2050

This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then.
I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment.

If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism.
full member
Activity: 141
Merit: 100
777Coin.com★ Fun BTC Casino!
September 01, 2014, 03:53:19 PM
USD and EUR = FUBAR in 2050

This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then.
I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment.
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