Dollar is truly bottoming | Bitcointalksearch.org

polynesia

legendary

Activity: 1358

Merit: 1000

Quote from: xcapator on September 26, 2014, 06:23:11 PM

It's hard to say how it all plays out, but my bets are on dollar dying completely. Can't try to defend the dollar by finally backing it with gold if the gold is gone. China will call America out to show that we actually still have gold.. I think it is already gone

Dying maybe possible in international markets. There will be some countries which will still accept dollars. There are countries who have dollarized their economy.

Fabrizio89

hero member

Activity: 924

Merit: 1000

Well, months later seems like you were right. But the real game is being played in Europe right now, not much to say about the dollar itself lately, its old age and the consequences of it in a debit-centered system are already accounted for at this point. Euro was trying to find its place among big currencies, but its a failed attempt from the beginning and they finally acknowledged this.

xcapator

sr. member

Activity: 322

Merit: 252

Here I Am !!

It's hard to say how it all plays out, but my bets are on dollar dying completely. Can't try to defend the dollar by finally backing it with gold if the gold is gone. China will call America out to show that we actually still have gold.. I think it is already gone

DhaniBoy

sr. member

Activity: 280

Merit: 250

If dollar is truly bottoming, I think it will have an impact on the value of bitcoin, the lower the value the lower the dollar value of bitcoin, it is directly proportional, hopefully value dollar is not truly bottoming ... Cheesy

mitkos1

newbie

Activity: 30

Merit: 0

If you are refering to my statement: it's hard to explain in a few paragraphs. For starter read this: http://armstrongeconomics.com/2014/08/05/capital-flows-domestic-v-international

But please do take your time and read previous posts. Let's say 20 or 30 of them. Martin repeats him self many times in key points so it will be easy for you to get the point.

In one sentence it would be: it is all about capital flow

mitkos1

newbie

Activity: 30

Merit: 0

Anyone interested in dollar collapse should follow martin armstrong from armstrong economics. Check his blog. Very interesting times ahead of us, though I am not feeling very happy about it. At least you should read a few of his posts and a few of his (actualy computer's) predictions that came true in the last decades. Just a hint: dollar will not collapse (yet).

Mobius

hero member

Activity: 988

Merit: 1000

Quote from: ?? on ??

Quote from: Mobius on August 09, 2014, 06:39:00 PM

Bitcoin will have inflation as well up until all the coins have been mined (when the block subsidies are 0 BTC). It is a misconception that BTC is deflationary today because additional coins are added to the total number of BTC in existence via block subsidies.

This is true and it is also very true that a whole lot of people love to spread the myth that BTC is a deflationary currency. It is clearly NOT.

BTC has inflation and PLENTY of it: Right now the inflation rate of BTC is 10% annually. This is much more than most fiat currencies according to "official story" numbers and it is about the same as the true inflation rate for the dollar.

One little detail regarding the inflation rate of BTC is very different from the inflation rate of the USD and other fiat currencies, though: BTC has a predicable rate of inflation. There is no central bank that can decided to do QE, QE2, QE3 and just keep on doing "QE" permanently and pretend they've stopped. The rate of BTC inflation is also set to decrease over time and BTC will have a lower rate of inflation than fiat currencies after some years few years (lower than true inflation in 2017, lower than official numbers in 2021, so not sometime "soon").

I know some will want to argue that "but BTC will become deflationary eventually so it's true that it is a deflationary currency". That's just hogwash. BTC isn't set to become deflationary until 2050 or so.

I think the reason why the MSM often reports that BTC is deflationary is because many people think that the price of bitcoin will rise in the future, causing the same effects that deflation has on a currency.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: aminorex on August 10, 2014, 12:12:42 AM

Quote from: Mobius on August 09, 2014, 06:39:00 PM

Quote from: TaunSew on August 09, 2014, 08:56:09 AM

I'm hearing mainstream media mentioning inflation and losing $Fiat value more and more. It's frightening to an extent, especially when the MSM admits it.

Bitcoin will have inflation as well up until all the coins have been mined (when the block subsidies are 0 BTC). It is a misconception that BTC is deflationary today because additional coins are added to the total number of BTC in existence via block subsidies.

They are disappearing from the float even faster than they can be minted, however. Reserve demand is astronomical.

In another couple of years, when the block reward is halved, there will be an imbalance. New coins minted will not be enough to satisfy the enormous reserve demand.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: Mobius on August 09, 2014, 06:39:00 PM

Quote from: TaunSew on August 09, 2014, 08:56:09 AM

I'm hearing mainstream media mentioning inflation and losing $Fiat value more and more. It's frightening to an extent, especially when the MSM admits it.

Bitcoin will have inflation as well up until all the coins have been mined (when the block subsidies are 0 BTC). It is a misconception that BTC is deflationary today because additional coins are added to the total number of BTC in existence via block subsidies.

They are disappearing from the float even faster than they can be minted, however. Reserve demand is astronomical.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: troisky on August 08, 2014, 11:08:57 AM

so can anyone guess a dollar collapse date

demographic cycles suggest that the greatest pressure on the dollar will be in 2024, if it still exists. I doubt it will last that long.

cinder

full member

Activity: 153

Merit: 100

The downtrend for dollar chart dated as far as 100 years old.

Many institutions and whole political system have to change for the trend to reverse.

Mobius

hero member

Activity: 988

Merit: 1000

Quote from: TaunSew on August 09, 2014, 08:56:09 AM

I'm hearing mainstream media mentioning inflation and losing $Fiat value more and more. It's frightening to an extent, especially when the MSM admits it.

Bitcoin will have inflation as well up until all the coins have been mined (when the block subsidies are 0 BTC). It is a misconception that BTC is deflationary today because additional coins are added to the total number of BTC in existence via block subsidies.

KonstantinosM

hero member

Activity: 1492

Merit: 763

Life is a taxable event

By "bottoming" do you mean taking "it" in the butt?

I have no problem with the dollar bottoming at all.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

dollar is trash, toilet paper, and banks know it, they will come up with something else when bitcoin will become mainstream

Omikifuse

legendary

Activity: 1834

Merit: 1009

Quote from: ?? on ??

dollar its strong currency . no one can hit dollar . a
include bitcoin,

Dollar hit himself day after day with inflation.

And the gov too, with they year after year increase of debt ceiling and bad economic politics.

All central bank coins can be destroyed by the goverment if they try hard enough, Dollar is not an exception

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: Yakamoto on August 09, 2014, 10:05:04 AM

Quote from: ?? on ??

dollar its strong currency . no one can hit dollar . a
include bitcoin,

Dollar is so worthless. Anyone can hit a dollar. Just ask the massive holders of US debt... China, Russia...

Just for the sake of accuracy, as of June 30, 2013, Russia with its 138.0 billion dollars in US treasuries is taking only the 11th place (following tiny Luxembourg). Compare this to China's whopping holdings (1,276.7 billions) or Japan's (1,083.3 billions).

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: ?? on ??

dollar its strong currency . no one can hit dollar . a
include bitcoin,

Dollar is so worthless. Anyone can hit a dollar. Just ask the massive holders of US debt... China, Russia...

And PLEASE, start making sentences. I can't understand anything you're saying.

Quote from: TaunSew on August 09, 2014, 08:56:09 AM

I'm hearing mainstream media mentioning inflation and losing $Fiat value more and more. It's frightening to an extent, especially when the MSM admits it.

It's more based on whatever everyone feels like talking about. Debt ceiling, fiscal cliff, whatever can fill up their time slots.

This is probably the onset of QE4, or Quantitative Easing 4 (Or whatever the next term is).

Inflation will always be there, and there's not a lot your can do about it. The best you can do is spread the word about Bitcoin, and get people to start using/accepting it as a form of payment.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: TaunSew on August 09, 2014, 08:56:09 AM

I'm hearing mainstream media mentioning inflation and losing $Fiat value more and more. It's frightening to an extent, especially when the MSM admits it.

The mainstream media sticks to the flavour of the day.
Remember the huge hullaboo about the fiscal cliff?

TaunSew

hero member

Activity: 756

Merit: 506

I'm hearing mainstream media mentioning inflation and losing $Fiat value more and more. It's frightening to an extent, especially when the MSM admits it.

qwerty555

sr. member

Activity: 405

Merit: 250

There is a widely recognized currency war to devalue relative to competitors currencies.

The Fed has a stated goal to devalue the $ 33% in 20 yrs from 2012 (inflation.. but also against other currencies to some extent to obtain/retain competitive advantage)

http://www.forbes.com/sites/charleskadlec/2012/02/06/the-federal-reserves-explicit-goal-devalue-the-dollar-33/

The decline in the dollar is far from its bottom and will continue to zigzag down..( for ever most probably until they are forced to monetarily reform it)

http://en.wikipedia.org/wiki/Monetary_reform and a cryptocurrency is not yet one of the wiki listed options but it surely is now!

https://www.google.com.ph/search?q=race+to+devalue+%24&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a&channel=sb&gfe_rd=cr&ei=KQnmU7LWIajJ8gedioGYCA#channel=sb&q=race+to+devalue+%24+zero&rls=org.mozilla:en-US:official

Topic: Dollar is truly bottoming (Read 4150 times)