Hey guys! Guess what! Feb 2014... - page 2.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: adamstgBit on December 24, 2013, 01:59:45 PM

i had a dream liek this last year

worked out perfectly.

in my dream i sold when i should've hodl

dreams really do come true...

Anyway, nice dream. Could come true, could not, just be patient and perhaps you won't have to.

notme

legendary

Activity: 1904

Merit: 1002

First of all, debt is deflationary. Principle plus interest must be repaid, so every new debt sucks money out of the future economy. This is what keeps inflation in check.

Second, the interest is around $0.07 of every dollar the government spends, so we are far from "can't even pay the interest". Bullshit hyperbole like this is how they divide and conquer us.

That said, the Federal Reserve system is a fucking fraud that devalues the labor of the common man for the benefit of the owners of a private corporation. It's just that, unfortunately, the system is better thought out and less fragile than you hope. Only a revolution can free us at this point. Hopefully Bitcoin helps to make a peaceful one possible, but I very much doubt those who currently hold power will give it up without trying violence first.

Ibian

legendary

Activity: 2268

Merit: 1278

Not a matter of "letting" anymore. The debt is so high that they can't even pay the interest on the loans. It will continue to increase endlessly until hyperinflation or default.

suukool

full member

Activity: 413

Merit: 100

Quote from: tutkarz on December 24, 2013, 03:22:06 PM

Quote from: MatTheCat on December 24, 2013, 02:44:44 PM

Quote from: suukool on December 24, 2013, 01:04:09 AM

Holy dips, I didn't even think of that. Hey you guys, what would happen if the USD collapsed? What would happen to BTC? Would it be worth alot more dollars since they would be worthless?

LOL.

No.

If the USD goes down, then all currencies go down, including novel 21st century crypto-currencies. In a global currency collapse scenario, only real physical assets would matter.

So despite what many Bitcoiners may believe, they definitely do not want the dollar to crash and burn, which it won't, cos the US establishment isn't going to allow that to happen and why would they?

Depends what do you mean by collapse. If it is hyperinflation then you are wrong. Everyone would run from USD to everything not fiat including bitcoin. The only reason why bitcoin would crash with economy would be when governments would take all savings from banks, then nobody would afford to buy bitcoin which in turn could mean its crash (but even this is not 100% sure)

Sorry, yes that's the word I was looking for. Hyperinflation, this is very probable. The USD can't collapse, not without our military claiming some bull on some terrorist activity to feed our economy. We wouldn't let the USD collapse, but man is it looking ugly.

tutkarz

hero member

Activity: 546

Merit: 501

Quote from: MatTheCat on December 24, 2013, 02:44:44 PM

Quote from: suukool on December 24, 2013, 01:04:09 AM

Holy dips, I didn't even think of that. Hey you guys, what would happen if the USD collapsed? What would happen to BTC? Would it be worth alot more dollars since they would be worthless?

LOL.

No.

If the USD goes down, then all currencies go down, including novel 21st century crypto-currencies. In a global currency collapse scenario, only real physical assets would matter.

So despite what many Bitcoiners may believe, they definitely do not want the dollar to crash and burn, which it won't, cos the US establishment isn't going to allow that to happen and why would they?

Depends what do you mean by collapse. If it is hyperinflation then you are wrong. Everyone would run from USD to everything not fiat including bitcoin. The only reason why bitcoin would crash with economy would be when governments would take all savings from banks, then nobody would afford to buy bitcoin which in turn could mean its crash (but even this is not 100% sure)

Notanon

sr. member

Activity: 388

Merit: 250

Quantative easing seems to have helped the US shift some of their manufacturing industries back to them. Don't think it can be sustainably eased any further at the moment, though.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: suukool on December 24, 2013, 01:04:09 AM

Holy dips, I didn't even think of that. Hey you guys, what would happen if the USD collapsed? What would happen to BTC? Would it be worth alot more dollars since they would be worthless?

LOL.

No.

If the USD goes down, then all currencies go down, including novel 21st century crypto-currencies. In a global currency collapse scenario, only real physical assets would matter.

So despite what many Bitcoiners may believe, they definitely do not want the dollar to crash and burn, which it won't, cos the US establishment isn't going to allow that to happen and why would they?

rolanberry

newbie

Activity: 28

Merit: 0

The only dreams I have are of my old SAAB having mechanical issues, or the clutch pedal goes to the floor. Cry

Notanon

sr. member

Activity: 388

Merit: 250

Quote from: suukool on December 24, 2013, 01:04:09 AM

Quote from: GeniuSxBoY on December 24, 2013, 01:01:05 AM

February 2014 is the debt ceiling deadline

Holy dips, I didn't even think of that. Hey you guys, what would happen if the USD collapsed? What would happen to BTC? Would it be worth alot more dollars since they would be worthless?

I'd say the price per Euro might become the new benchmark.

Olly_K

sr. member

Activity: 361

Merit: 250

Quote from: suukool on December 23, 2013, 10:20:55 PM

I've had a few dreams that have come pretty close in predicting bitcoin, which we all know is unpredictable.

This is just epic !!

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

i had a dream liek this last year

worked out perfectly.

in my dream i sold when i should've hodl

dreams really do come true...

spooderman

legendary

Activity: 1652

Merit: 1029

I had a dream that it tanked once, saw the btccharts red candle. Then later that day they closed SR. What I didn't see in my dream, was the hardcore bounce that occured afterwards, and then the rush up to 1k and beyond.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Thanks mate, I'm buying everything...

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Seems legit.

spiderbrain

legendary

Activity: 889

Merit: 1013

A few bitcoins as a hedge against a US default would be a little tipple for financial institutions and a rocketship for bitcoin. Choo choo!

Ibian

legendary

Activity: 2268

Merit: 1278

The value of bitcoin is what you can get for them, not how many dollars (or yen or baht or...) it can be converted to. Which means we should look at reasons for people to move their wealth from one medium to another. The debt ceiling is good for getting people in a minor panic and may be one such event, but ultimately means nothing so far as the dollar goes until a default or hyperinflation.

suukool

full member

Activity: 413

Merit: 100

Quote from: GeniuSxBoY on December 24, 2013, 01:01:05 AM

February 2014 is the debt ceiling deadline

Holy dips, I didn't even think of that. Hey you guys, what would happen if the USD collapsed? What would happen to BTC? Would it be worth alot more dollars since they would be worthless?

GeniuSxBoY

hero member

Activity: 616

Merit: 500

February 2014 is the debt ceiling deadline

suukool

full member

Activity: 413

Merit: 100

Quote from: Dafar on December 24, 2013, 12:19:57 AM

Quote from: suukool on December 23, 2013, 11:59:00 PM

Quote from: Dafar on December 23, 2013, 11:47:00 PM

If you are wrong about this I will personally strangle you myself.

Woah there. I'm not saying to invest in my word. I don't think I will be wrong, but I don't advise putting your life saving of bitcoin on my word. Even if you could make alot of money! haha

Too late for that, already did that before your dream. I just hope your dream comes true. Otherwise if I crash and burn I gotta choke somebody

Haha, you're welcome to choke me, if we crash and burn, pretty sure I'll wanna be dead! But I'm fairly certain that's HIGHLY unlikely!

suukool

full member

Activity: 413

Merit: 100

I mean even if I think about it logically, it makes a lot of sense. The china issue going on right now is not that big of a deal, plus after Christmas the market will be very bullish, as with any other market. We almost surpassed gold with china, if we can do it without it would be a HUGE statement for bitcoin. I'm hopeful, lets start off the new year with one heck of a punch to those bears!

Topic: Hey guys! Guess what! Feb 2014... - page 2. (Read 5235 times)