Is trust in USD finished? - page 2. | Bitcointalksearch.org

Koadharber

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Quote from: PointHope on November 08, 2017, 07:46:01 AM

Seems a great many schills are trying to create doubt about bitcoin here..

The truth is as we speak the USD is printing currency like no tomorow.

The flat out honest truth is that USD should no longer be a trusted currency.

If deep reflection were to transpire, the USA government and associated currency should be declared a fraud right now as of this minute.

You cant do nothing you can able to give comments or your own views but stopping the thing would really be nearly impossible.If you dont trust USD currency then im sure lots of people do trust it same as i do. Bitcoin or crypto can really give us the independence when handling our assets or cash holdings but the reality would really still remain strong no matter what. Fiat cant be replaced its being backed and government wont really allow such thing.

Laurayaki

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they can print as much bilet as they want but it's not good for the economy, and as bitcoin is not owned by the big banks ..

LydiaBob

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It is true that the banks will do everything in their power to prevent the value of bitcoin to rise. USD is "remarkable". They can print their own money (with the risk of inflation) whenever they want. Buy US bonds they will pay you back cause they will print their money! European Central Bank is more strict in these rules. Jokes aside, it is the trust in banks finished, hence in USD. And maybe this is one reason why BTC is more appealing to everyone

Red-Apple

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i agree with all you said, but the world doesn't see it like that! USD is still a strong currency and the unit that is being used in many places to measure value of a lot of different things.
it is true they are printing it like crazy, it is also true that the US debt is growing to be a ridiculous number just to say! but it seems like none of it is changing much.

and besides i don't see why that is relevant to bitcoin. who created any doubt about bitcoin? and why is it related to this?!!

rodskee

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i think this is fake news USA government have an strong regulation about the us dollar currency laws regulatded by us central bank approval by us president before make volume of money need, thats true bitcoin is one of the threat for the fiat money to replace them usd or any fiat cureency worldwide bitcoin become international currency.

affigne

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Writting/Translations EN-ES available HERE!

Yesterday, I was watching an analysis about what's supporting the printing of USD. This guy said since late 30's the US government switched from gold reserves to oil reserves, and with some "reasoning" and "persuation", they"convinced" the arabs to sell their petroleum ONLY in USD, so that's how they support their currency.

But now that chinese are giving them the option of selling it in yuans with the promise of converting their money in gold anytime they want, they're weakening the old green paper.

W4terhouse

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That´s actual really risky what the us government is doing. But have a look at the European central bank, decreasing the pay tax and holding it stable on the ground. Makes the same inflation as the us is doing.

2fresh

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Quote from: trk on November 08, 2017, 07:52:57 AM

What do you mean? Government cant print az many cash as they want? You need to read more
There are a lot of requirement to create more cash, one of the requirement is gold reserve
So you cant just print cash as you wish

You don't have to be a genius to see that what most countries are doing..
How do they even buy gold? Oh wait by printing more money.

trk

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What do you mean? Government cant print az many cash as they want? You need to read more
There are a lot of requirement to create more cash, one of the requirement is gold reserve
So you cant just print cash as you wish

masterbt

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Banks trying every step to prevent that and try to undermine bitcoin value by creating a panic one way or another. There is long time to go for the btc to actually make this happen.

PointHope

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Activity: 317

Merit: 110

Seems a great many schills are trying to create doubt about bitcoin here..

The truth is as we speak the USD is printing currency like no tomorow.

The flat out honest truth is that USD should no longer be a trusted currency.

If deep reflection were to transpire, the USA government and associated currency should be declared a fraud right now as of this minute.

Topic: Is trust in USD finished? - page 2. (Read 488 times)