Topic: Russia to Drop USD as reserve currency - could mean 5000+ USD bitcoins - page 3. (Read 10459 times)
March 28, 2014, 11:18:50 AM
This could result in a small rise but I don't see anything significant.
March 28, 2014, 11:04:41 AM
Russia to abandon the dollar as a reserve currency, which is a reason. America joint EU Russia imposed economic sanctions, so they gave up the dollar. And they had banned BTC.
March 28, 2014, 10:55:18 AM
Certainly, they're going to have influence -- because of trade and tradition and language and heritage with Ukraine
March 28, 2014, 10:50:37 AM
USA - main export good is USD. No intrinsic value. Only accepted because other countries view it as THE currency. Can be replaced by any other form of numbers in computers.
Haha exactly. USA keep exporting billions of USD as its main resource.
If a little part of the exported USD would go back to USA, the US economy would instantly collapse and never get back.
March 28, 2014, 10:31:14 AM
I'm sure many countries in the world will start to drop the U.S.D. as reserve currency.
The American Patriots Militia Groups have made it clear to the world that the U.S.D. is a scam currency designed to scam people world wide.
https://bitcointalksearch.org/topic/biggest-currency-to-launder-money-promote-fraud-is-the-us-currency-282002
------------------------------
related thread:
BREAKING NEWS: American Patriots Militia Groups taking down the Federal Reserve
https://bitcointalksearch.org/topic/breaking-news-american-patriots-militia-groups-taking-down-the-federal-reserve-485187
Your news is where to get, are you sure this is a hoax? The American Patriots Militia Groups have made it clear to the world that the U.S.D. is a scam currency designed to scam people world wide.
https://bitcointalksearch.org/topic/biggest-currency-to-launder-money-promote-fraud-is-the-us-currency-282002
------------------------------
related thread:
BREAKING NEWS: American Patriots Militia Groups taking down the Federal Reserve
https://bitcointalksearch.org/topic/breaking-news-american-patriots-militia-groups-taking-down-the-federal-reserve-485187
March 28, 2014, 10:16:07 AM
I'm sure many countries in the world will start to drop the U.S.D. as reserve currency.
The American Patriots Militia Groups have made it clear to the world that the U.S.D. is a scam currency designed to scam people world wide.
https://bitcointalksearch.org/topic/biggest-currency-to-launder-money-promote-fraud-is-the-us-currency-282002
------------------------------
related thread:
BREAKING NEWS: American Patriots Militia Groups taking down the Federal Reserve
https://bitcointalksearch.org/topic/breaking-news-american-patriots-militia-groups-taking-down-the-federal-reserve-485187
The American Patriots Militia Groups have made it clear to the world that the U.S.D. is a scam currency designed to scam people world wide.
https://bitcointalksearch.org/topic/biggest-currency-to-launder-money-promote-fraud-is-the-us-currency-282002
------------------------------
related thread:
BREAKING NEWS: American Patriots Militia Groups taking down the Federal Reserve
https://bitcointalksearch.org/topic/breaking-news-american-patriots-militia-groups-taking-down-the-federal-reserve-485187
March 28, 2014, 10:06:54 AM
In 2011 when Bitcoins spiked to $32 or whatever then flash crashed down to $2, many people, probably the majority, just assumed that BTC was done. There was no reason to believe otherwise.
Bitcoin was at that point just seen as a passing fad that some geeks got excited about but ultimately was proved to be worthless and destined to fail. It was too volatile, too hard to understand. Nobody "needed it."
Why would you stay in "the scheme" at that point? You either cashed out big or lost big. It was over. Gonna be a slow dribble down top $0, but definitely over. "Nothing positive on the horizon" etc etc
All the smart money got out around then.
Well, almost all of it.
Bitcoin was at that point just seen as a passing fad that some geeks got excited about but ultimately was proved to be worthless and destined to fail. It was too volatile, too hard to understand. Nobody "needed it."
Why would you stay in "the scheme" at that point? You either cashed out big or lost big. It was over. Gonna be a slow dribble down top $0, but definitely over. "Nothing positive on the horizon" etc etc
All the smart money got out around then.
Well, almost all of it.
March 28, 2014, 09:57:44 AM
Everyday bitcoin drops like anything. Today it reached $500 level. Price is going downwards only not upwards.
today the price went down to $470.. and now ................... $520
i call that an upward price..
so lets go extreme, tell me the price last year (march 2013) and tell me the price today
so lets go extreme, tell me the price last year (march 2012) and tell me the price today
so lets go extreme, tell me the price last year (march 2011) and tell me the price today
i can show you stats that in 2012 bitcoin went to $6 then dropped to $4, then went to $14 and dropped to $8 before rising even higher.
i can show u stats of 2013, blah blah blah..
in general the price does go up. and if you panic on the drops then please 'man up' and realise there are good and bad days. nothing is a utopian dream come true that is always perfect very day
In general SO FAR. When so many negative things hadn't happened and trust and hope were higher.
We had bumps in the road, but MtGox was a major negative event far worse and there have been others with no positive stuff to balance them to speak of.
I hope we do bounce back and things get better, but there's absolutely nothing on the horizon that's going to make that happen and it doesn't have to at all. We could have seen the golden days already. Past performance is no guarantee of future returns
March 28, 2014, 12:29:21 AM
Personally, I will be much more impressed and pleased when the headline reads, "America drops the USD as reserve currency."
We're better than this, as a people, as a nation. Supporting neo-imperialism and neo-fuedalist corporate empires is not the way to go for a nation founded on "liberty and justice".
We're better than this, as a people, as a nation. Supporting neo-imperialism and neo-fuedalist corporate empires is not the way to go for a nation founded on "liberty and justice".
March 28, 2014, 12:23:33 AM
I suspect that the only reason Russia made their decision as it is was to quell a market that some Putin cronies wanted to capitalize. That's exactly how their government works. Ban it so that a loyal subject has complete control. Pitty that with the right leadership Russia could be a true global contributor for good.
March 28, 2014, 12:22:48 AM
Something tells me that if the Russians Drop the dollar then we all will be getting screwed in the long term. I think the saying should be changed to people suffer for the lack of their political leaders knowledge.
More like, "the slaves suffer for lack of their masters' knowledge."
If you were to draw an unbiased opinion, like if you were to visit Earth from outer space; that's likely how we would be viewed...
Sad to say you won't be getting much of an agreement from me at this time. I tend to feel the same way so yeah, well put.
March 28, 2014, 12:17:01 AM
Reality here: The GDP of California is larger than Russia ($2.2T versus $2.0T 2013) California would be the 8th largest country in the world by GDP.
Oh, hell no! Texas' economy makes California look like a neighborhood convenience store. Texas should secede and nationalize bitcoin. (I know. The sentiment is there, but reality sets in. I love my home state that much.)
March 27, 2014, 11:20:24 PM
Something tells me that if the Russians Drop the dollar then we all will be getting screwed in the long term. I think the saying should be changed to people suffer for the lack of their political leaders knowledge.
More like, "the slaves suffer for lack of their masters' knowledge."
If you were to draw an unbiased opinion, like if you were to visit Earth from outer space; that's likely how we would be viewed...
March 27, 2014, 11:15:40 PM
Something tells me that if the Russians Drop the dollar then we all will be getting screwed in the long term. I think the saying should be changed to people suffer for the lack of their political leaders knowledge.
March 27, 2014, 10:48:01 PM
Everyday bitcoin drops like anything. Today it reached $500 level. Price is going downwards only not upwards.
today the price went down to $470.. and now ................... $520
i call that an upward price..
so lets go extreme, tell me the price last year (march 2013) and tell me the price today
so lets go extreme, tell me the price last year (march 2012) and tell me the price today
so lets go extreme, tell me the price last year (march 2011) and tell me the price today
i can show you stats that in 2012 bitcoin went to $6 then dropped to $4, then went to $14 and dropped to $8 before rising even higher.
i can show u stats of 2013, blah blah blah..
in general the price does go up. and if you panic on the drops then please 'man up' and realise there are good and bad days. nothing is a utopian dream come true that is always perfect very day
March 27, 2014, 09:52:08 PM
Everyday bitcoin drops like anything. Today it reached $500 level. Price is going downwards only not upwards.
March 27, 2014, 09:20:28 PM
that THIEIR exchanges wont allow a ruble to be sold any lower then for $1000.
So? That would cripple Russia and wouldn't hurt the US in the slightest. If people can't buy rubles at the market rate then Russians won't be able to engage in international trade.
If anything, the result would be a more dominant US.
March 27, 2014, 09:13:31 PM
if they drop USD. they have an oppertunity to change all their bureau de change so that 1 russian ruble is worth 1million dollars..
that way it stops US from trying to get lots of rubles. while at the same time devaluing the USD. keeping food and resources for russians at the same rate, but offering a better deal when purchasing dollars for the russians. and worse deal for americans purchasing dollars
imagine how epic that would be
that way it stops US from trying to get lots of rubles. while at the same time devaluing the USD. keeping food and resources for russians at the same rate, but offering a better deal when purchasing dollars for the russians. and worse deal for americans purchasing dollars
imagine how epic that would be
March 27, 2014, 09:09:24 PM
not sure where your getting your information from that russia cannot devalue the dollar vs ruble..
lets say out of hours trading. russia decides tomorrow morning we will cancel all orders of trade. and then re open the market at a X price.
that THIEIR exchanges wont allow a ruble to be sold any lower then for $1000.
its not about allowing the market traders decide, its about the exchange.. (basically the national banks) resetting the trades for more favourable prices.
at first there will be a lull where Americans wont want to buy so high. but that's also a strategy Russia can use to de-throne themselves away from "the dollar reserve"
as i said before. this dropping the US reserve from russia is the perfect time that russia can change its value vs the dollar
lets say out of hours trading. russia decides tomorrow morning we will cancel all orders of trade. and then re open the market at a X price.
that THIEIR exchanges wont allow a ruble to be sold any lower then for $1000.
its not about allowing the market traders decide, its about the exchange.. (basically the national banks) resetting the trades for more favourable prices.
at first there will be a lull where Americans wont want to buy so high. but that's also a strategy Russia can use to de-throne themselves away from "the dollar reserve"
as i said before. this dropping the US reserve from russia is the perfect time that russia can change its value vs the dollar
March 27, 2014, 08:47:51 PM
Reality here: The GDP of California is larger than Russia ($2.2T versus $2.0T 2013) California would be the 8th largest country in the world by GDP.
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