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Topic: Should I sell my EUROs? (Read 3346 times)

uki
legendary
Activity: 1358
Merit: 1000
cryptojunk bag holder
March 08, 2015, 05:27:39 PM
#44
EUR is going to bounce to 1.15 soonish, now is not the time to sell. Parity will not happen this fast.
Don't see that coming any time soon with the QE now happening by ECB. All points to the scenario in which we will test parity in 2015.
legendary
Activity: 1358
Merit: 1014
March 08, 2015, 04:47:27 PM
#43
Do you prefer to save in paper (fiat currency) or into a company that produces goods and services that are very appreciated and needed ?
I wish I could get rid of all my cash, it's so annoying to handle with papers and let alone these rusty physical coins. It's really primitive once you've used Bitcoin on a smartphone + QR code for a while.
hero member
Activity: 1022
Merit: 500
March 08, 2015, 07:54:15 AM
#42
Do you prefer to save in paper (fiat currency) or into a company that produces goods and services that are very appreciated and needed ?
hero member
Activity: 1022
Merit: 500
March 08, 2015, 07:53:41 AM
#41
Euro price going down. Sell or hodl?

Selling doesn't mean anything because you have to say in what you are selling. I would sell Euro against most assets but buy against the Dollar. Both the Dollar and Euro are likely to fall against most assets.
hero member
Activity: 812
Merit: 1000
March 08, 2015, 04:08:27 AM
#40
Honestly I see Bitcoin as a much better investment to buy into rather than holding onto you Euro. You can get things like bitcoin debit cards so you can still buy things with your btc as well in shops.
full member
Activity: 140
Merit: 100
March 08, 2015, 04:07:15 AM
#39
It has already hit the lowest it can hit  . I don't see euro going any lower from now on. Not a good time to sell.

I kind of think along the same lines. its already very low, and wouldn't really fall much worse. Its best to just hold onto it for now.
legendary
Activity: 1484
Merit: 1001
Crypto-News.net: News from Crypto World
March 08, 2015, 03:59:19 AM
#38
euro price is dropping in all countries.
you can either change it to dollar or maybe swiss frank.
sr. member
Activity: 294
Merit: 250
March 08, 2015, 12:47:53 AM
#37
Trade it for USD
EUR/USD trading at 1.0860, the lowest level in over 11 years
see chart


price will decrease more
sr. member
Activity: 252
Merit: 250
I love bitcoins.
March 08, 2015, 12:25:19 AM
#36
I did some research, and the best solution I found right now for you is to exchange them for USD. he USD is a safe haven currency and since EURUSD is the most heavily traded currency pair, for the USD to strengthen funds are coming out of the Euro. Hope this helps Wink
legendary
Activity: 3500
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
March 07, 2015, 10:16:08 PM
#35
you should buy a boat

Thats not a good advice. That will depreciate the price by half on purchasing, and is a loss

Not if it's a nice boat that you can lend to people for money. It's all about trying to find passive income with your investments, thats what I always try to do.
+1
but vain if his place does not exist a river, lake or ocean Tongue
sr. member
Activity: 378
Merit: 250
March 07, 2015, 07:57:45 PM
#34
with $ and BTC europeans are earn money  Grin
sr. member
Activity: 348
Merit: 250
March 07, 2015, 07:39:19 PM
#33
EUR is going to bounce to 1.15 soonish, now is not the time to sell. Parity will not happen this fast.

european qe just started this month.
you sure we wont see parity soon?

my bet is we gonna see it probaly before the first half of 2015 ends.  Undecided

The euro fell on Thursday below $1.10 for the first time since 2003.

Now it's at 1.08

No wonder the OP is worried.
uki
legendary
Activity: 1358
Merit: 1000
cryptojunk bag holder
March 07, 2015, 07:08:17 PM
#32
US economy is getting hammered by strong dollar. Low oil prices costing us jobs here in Louisiana. Auto exports are crashing. Americans are not even buying American cars anymore because Imports are so cheap.

This is why I never want to see Bitcoin as legal tender. It would rise in value so quickly that velocity would crash, causing a depression. It functions better as a reserve currency mostly used for settlements. We could use altcoins for day to day xactions. The only problem with the bi-metal standard of the late 19th century was that gold and silver were pegged and not floating against each other. We need to end legal tender laws.
I would love to see the end of the legal tender laws, but to my understanding of the FED actions, since the early days of this unholy institution, they actually do all they can to ensure them. this includes mass media coverage, on how US economy is 'flourishing', despite the facts that you mentioned.

The Fed is the most damaging institution in the world. Every country was forced to convert to unbacked fiat because the dollar's reserve currency status, and gave every government free reign to steal purchasing power of savers at will.  This destroyed capital formation and the entire capital structure of the global economy. A credit crisis now could see hyperinflation everywhere except the U.S. and crippling deflation here. Literally millions could starve before the capital structure realigns. 

Crypto is the only way I can see to prevent the breakdown of international trade in a worst case scenario. I know this sounds crazy, but based on my understanding of Austrian macroeconomics, it's a very real risk.
And I must, unfortunately for us all, agree with you. I also don't see a nice ending to the story of continuous manipulation from the FED that hides the real picture of the economy. Whether there is any salvation from that, or better to say whether application of any 'medicine' would be allowed by the 'powers that be', that is another question.
legendary
Activity: 1022
Merit: 1000
March 07, 2015, 06:55:10 PM
#31
If you trade to USD you can get better interest rate, but not sure long term.  Parity seems to be in the immediate future, but I'm not so sure.  Good Luck!
legendary
Activity: 1750
Merit: 1009
March 07, 2015, 05:33:25 PM
#30
you should buy a boat

Thats not a good advice. That will depreciate the price by half on purchasing, and is a loss

if the world becomes like Waterworld the boat price will skyrocket and he will be rich.

It is only matter of see what could happens in the future
legendary
Activity: 2464
Merit: 1145
March 07, 2015, 05:19:46 PM
#29
EUR is going to bounce to 1.15 soonish, now is not the time to sell. Parity will not happen this fast.

european qe just started this month.
you sure we wont see parity soon?

my bet is we gonna see it probaly before the first half of 2015 ends.  Undecided
hero member
Activity: 1092
Merit: 500
Life is short, practice empathy in your life
March 07, 2015, 04:59:26 PM
#28
EUR is going to bounce to 1.15 soonish, now is not the time to sell. Parity will not happen this fast.
legendary
Activity: 1358
Merit: 1014
March 07, 2015, 04:49:32 PM
#27
you should buy a boat

Thats not a good advice. That will depreciate the price by half on purchasing, and is a loss

Not if it's a nice boat that you can lend to people for money. It's all about trying to find passive income with your investments, thats what I always try to do.
sr. member
Activity: 303
Merit: 250
March 07, 2015, 03:20:53 AM
#26
It's funny that USD, one of the most overprinted currencies, is still pumping. I hope you're not taking these advice to buy USD seriously.

It has competition.
Other countries are coming out with their own versions of Quantitative Easing.
legendary
Activity: 924
Merit: 1001
March 07, 2015, 12:36:56 AM
#25

Art Cashin (cnbc) said euro could go to parity if US raised rates while rest of the world is easing.  IMO rates will never rise again substantially, if they do markets will crap pretty bad.  Even now multinationals based in america are losing sales everywhere due to high dollar, etc.  So its a tough trade but it all depends on the FED.   

It could go to parity for a fleeting moment, but it will not if thats not what the EU wants and it does not depend on just the fed. It is not desirabe to print money. If they dont need to devalue their currency to maintain desirable levels they wont. If the FED rises interest rates, the EU only needs to stop printing and deflationary forces will keep the EUR afloat.

who know if euro will gonna rise again
trade in usd or btc.. eheh

There are people who may know.
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