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Topic: FED announces it will stick with stimulus program---how will this impact BTC? - page 2. (Read 3565 times)

hero member
Activity: 686
Merit: 500
Ultranode
Bitcoin goes up when stupid americans speculate that it will and throw fiat at Gox. There are no other causes.
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
The USD need to devalue more, preferably to unity with the Chinese RMB or Hong Kong Dollar, in order to stop outsourcing and have the jobs coming back to the USA.

In regards to the HKD that is simply not possible unless the USD goes to zero as the HKD is *directly* pegged to the USD (i.e. 1 USD has been around 7.75 HKD since 1983 - http://en.wikipedia.org/wiki/Hong_Kong_dollar).

Although the RMB isn't directly pegged to the USD it is used along with various other foreign currencies to determine its value (so also very unlikely to see the USD ever on par with it little own being worth less than it - and the Chinese government would simply change the mix to ensure that the RMB is worth less for export reasons so the US is not likely to ever *win* a currency war against China).
member
Activity: 85
Merit: 10
The USD need to devalue more, preferably to unity with the Chinese RMB or Hong Kong Dollar, in order to stop outsourcing and have the jobs coming back to the USA.
member
Activity: 122
Merit: 10
While I do believe the dollar will slowly destabilize, I don't think there will be a large crash soon (1 year?)
full member
Activity: 140
Merit: 100
It may not matter what the FED does... World Bank Whistleblower, Karen Hudes, seems to think that economic collapse is fast-approaching for the USA. In fact, she's telling people to start using Bitcoin.  Wink

http://wp.me/p2FKR4-hv
It seems like that guy wanted to pump gold.
He kept interrupting her when she mentioned bitcoins.
full member
Activity: 133
Merit: 100
Bitcoin Enthusiast
It may not matter what the FED does... World Bank Whistleblower, Karen Hudes, seems to think that economic collapse is fast-approaching for the USA. In fact, she's telling people to start using Bitcoin.  Wink

http://wp.me/p2FKR4-hv
legendary
Activity: 1456
Merit: 1010
Ad maiora!
I feel that they are just digging themselves deeper, print more money and inflation abounds. Things aren't working out and it is only a matter of time before the bottom falls out. (I predict very soon after Obama is out of office-always lay it on the next guy, amiright?) I feel kind of bad for welcoming news that will put millions of people into lives of penury, but I honestly believe this is the next step in galvanizing BTC as a viable alternative to the central banks and fiat  itself.

Thats my cave-man opinion...what do you think???

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