who know if euro will gonna rise again
trade in usd or btc.. eheh
Topic: Should I sell my EUROs? - page 2. (Read 3399 times)
Euro price going down. Sell or hodl?
Too late to sell Euro for USD now if you hadn't already, maybe at the next dead cat bounce. I do expect euro to reach dollar parity pretty soon but not before another bounce. Buying BTC however is a better bet imo, BTC is still undervalued and has recently started an uptrend (daily EMA's 20/50 cross and SMA's 20/50 both trending up now). Nobody knows how long this will last but since it's pretty fresh I think moving some euros into BTC is a pretty good bet right now. Personally I'm hardly holding any euros for a while now, just enough to pay my bills and living expenses.
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.
you should buy a boat
Hold your Euros. you are late to the party to sell. Do you think the European Banks are undergoing QE because they think the value of the euro will fall if not for it? no, they are fighting large forces of deflation, you should be saving your Euros outside of the bank in deflation. Do you see that any 'crisis', for example, the Greek debt crisis in the euro zone that devalues the currency is welcomed by the banks because they will have to print less money to achieve the same desired stable rate. They have the Euro under control. No doubt you should also hold some bitcoin and gold for the case where the Euro totally collapses alongside the USD, but why worry about selling all your euros.
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.
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.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.
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.
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. 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.
trade it in for USD
its going to the moon!
DXY:
-snip-
Yes, dollar was proclaimed the king today. Again. This time on job reports. Can is kicked further.its going to the moon!
DXY:
-snip-
Expect dollar to be very strong in 2015, to da moon or beyond, depending on the printing press and the 'news'.
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.
trade it in for USD
its going to the moon!
DXY:
-snip-
Yes, dollar was proclaimed the king today. Again. This time on job reports. Can is kicked further.its going to the moon!
DXY:
-snip-
Expect dollar to be very strong in 2015, to da moon or beyond, depending on the printing press and the 'news'.
Looks like today was the lowest price in the last 10 Years for euro. I don't think you should sell it at the lowest already .
It can definitely go lower, But I am think the government will step in to stop that from happening.
It can definitely go lower, But I am think the government will step in to stop that from happening.
I have invested in a USD hedged brent crude ETF, that covers the really low oil price and keeps some of my money out of € too.
Bitcoin is pretty much priced in $ too, or silver, both would be fair choices.
Bitcoin is pretty much priced in $ too, or silver, both would be fair choices.
Just a question of time till usd collaps...
Would be crazy if Euro reaches below the USD. Currently, its 1.09USD.
buy bitcoin if you don't like to trade fiat currencies. current euro value is low but i don't think it will stay like this forever. great thing with bitcoin is that 1btc is always 1btc.
trade it to USD.
Keep chasing collapsing markets and losing your money.
After all ,we need to take profits from someone
Keep chasing collapsing markets and losing your money.
After all ,we need to take profits from someone
If you want to stay in fiat... Stay in €. Otherwise buy BTC.
Yeah, not worth trading fiat for fiat, if you want to get out of the crashing € put it all on BTC.I'm not sure if it's worth trading EURO for USD but the Forex market (trading fiat for fiat) is the biggest market in the world and the amount of money traded daily dwarfs the bitcoin market.
[urlhttp://www.lse.co.uk/AllNews.asp?code=bmw19tdl&headline=Swedish_Krona_Rises_To_Near_4month_High_Against_Euro][/url]Buy Sweedish Kronor. The Riksbank is losing billions trying to keep the Europeg and it won't hold. Huge potential profit.
If you are waiting for your fiat to gain in value and still being able to buy the same amount of stuff that it can get you today, you can just continue to wait and wait. Because in another few years down the road, you will see that your spending power is shrinking. Time to think of on how to diversify and correct the situation.
Euro price going down. Sell or hodl?
Too late to sell Euro for USD now if you hadn't already, maybe at the next dead cat bounce. I do expect euro to reach dollar parity pretty soon but not before another bounce. Buying BTC however is a better bet imo, BTC is still undervalued and has recently started an uptrend (daily EMA's 20/50 cross and SMA's 20/50 both trending up now). Nobody knows how long this will last but since it's pretty fresh I think moving some euros into BTC is a pretty good bet right now. Personally I'm hardly holding any euros for a while now, just enough to pay my bills and living expenses.
If you want to stay in fiat... Stay in €. Otherwise buy BTC.
Yeah, not worth trading fiat for fiat, if you want to get out of the crashing € put it all on BTC. Jump to: