Russian Dump of US Treasuries Fueling Bitcoin?

RockBar0

member

Activity: 350

Merit: 10

Quote from: hugeblack on July 18, 2018, 02:36:14 AM

Relations between the United States and Russia now seem stronger than the past.
I do not expect that a trade war between these countries will "only reduce the losses resulting from US taxation," which seems to be an attempt by those countries to reduce the United States' prestige and impose some competition based on freedom from the dollar and sanctions.
Also, market dumping or the collapse of the dollar is not a good thing for those countries.

Surely this will happen sooner or later. These countries are already realizing huge profits in this market. Their basic way of expressing them differently. But there is a main purpose, ambitious in this market, the revenue can not be imagined. And then the electronic money is developed and the bitcoin price increases. Please wait and see.

jayyen

jr. member

Activity: 112

Merit: 1

It appears to me that we are moving in a new era and people are looking for better ways to invest and make profits for their money.So now if Russia and Chinese citizens are beginning to see that the best investment now is cryptocurrency, they have every right to withdraw and move on to the next level.Cryptocurrency will welcome every form of investing from them.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

Quote from: davis196 on July 18, 2018, 01:12:20 AM

By the way,bitcoi is tied with the USD,so if the dollar value decreases,the bitcoin price will have to decrease as well.

that doesn't make any sense!
it is like saying if US dollar value decreases the price of goods will drop too! that is completely wrong. the price of everything will go up because value of USD would be lower in that scenario and things like bitcoin which are also an investment should technically rise because people seeing their money is losing value would want to invest it in something to "store the value" and one of those things is bitcoin.

2@abcdeeply

newbie

Activity: 140

Merit: 0

If this is really happening then the BTC price will increase sharply in the future, so buy and hold BTC now, because the current price is quite low for us to buy.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: jc01480 on July 17, 2018, 11:43:22 PM

Saw this today and wondered if the rebound could be linked to the dumping of at least half of US Treasuries bonds by Russia. Hints are this will soon coincide with a massive dump by China in the next few days. Seems like China-Russia is allied against the US economically and maybe people are pulling their money out.

https://www.zerohedge.com/news/2018-07-17/russia-liquidates-its-us-treasury-holdings

Opening zerohedge.....run for the hills, the apocalypse
Closing zerohedge, waiting....waiting....nothing happens

Russia has been dumping Us Treasury bonds for years since 2015.
They were holding close to 200 billion at that time, now they are out, who cares?
China will not dump anything, this would lead to them losing money and China doesn't give a damn about anything else but money and commerce.

Btw, those 100 billlions are nothing compared to:

Quote

In all, foreigners held $6.17 trillion of the total $14.84 trillion of Treasury debt outstanding through April.

As for BTC ...again, nothing will happen.

hugeblack

legendary

Activity: 2758

Merit: 4074

Relations between the United States and Russia now seem stronger than the past.
I do not expect that a trade war between these countries will "only reduce the losses resulting from US taxation," which seems to be an attempt by those countries to reduce the United States' prestige and impose some competition based on freedom from the dollar and sanctions.
Also, market dumping or the collapse of the dollar is not a good thing for those countries.

wantjokull

sr. member

Activity: 700

Merit: 275

Quote from: jc01480 on July 17, 2018, 11:43:22 PM

Saw this today and wondered if the rebound could be linked to the dumping of at least half of US Treasuries bonds by Russia. Hints are this will soon coincide with a massive dump by China in the next few days. Seems like China-Russia is allied against the US economically and maybe people are pulling their money out.

https://www.zerohedge.com/news/2018-07-17/russia-liquidates-its-us-treasury-holdings

There are many more news right now which are fuelling up this incidence of pumping. I came to know about the Russian stuff from your post while I was notified with my news alert channel that there is Worlds Largest Exchange Traded Fund (ETF) provider namely BlackRock is studying the potential of crypto currency profitability. They have recently made big group to specially study this market and thus making large investment on it. May be thats the reason this pump is occurring and many others too. Looks like all the news hit the market at the same time.

davis196

hero member

Activity: 3206

Merit: 940

Quote from: jc01480 on July 17, 2018, 11:43:22 PM

Saw this today and wondered if the rebound could be linked to the dumping of at least half of US Treasuries bonds by Russia. Hints are this will soon coincide with a massive dump by China in the next few days. Seems like China-Russia is allied against the US economically and maybe people are pulling their money out.

https://www.zerohedge.com/news/2018-07-17/russia-liquidates-its-us-treasury-holdings

If Russia and China start selling their US bonds,the US dollar value will have to decrease.I don`t see anything like this happening right now.The US dollar is stable as hell.By the way,bitcoi is tied with the USD,so if the dollar value decreases,the bitcoin price will have to decrease as well.

jc01480

hero member

Activity: 854

Merit: 500

Nope..

Saw this today and wondered if the rebound could be linked to the dumping of at least half of US Treasuries bonds by Russia. Hints are this will soon coincide with a massive dump by China in the next few days. Seems like China-Russia is allied against the US economically and maybe people are pulling their money out.

https://www.zerohedge.com/news/2018-07-17/russia-liquidates-its-us-treasury-holdings

Topic: Russian Dump of US Treasuries Fueling Bitcoin? (Read 180 times)