Still dont have a good answer for Plan after the US dollar - page 3.

First77

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Activity: 266

Merit: 32

Quote from: BitcoinArsenal on July 29, 2018, 11:04:57 AM

Certainly, Trump has strengthened the Dollar by its economic policy, while Europe, Japan and China are conducting monetary dumping (I say that as European). But the question is how long the financial markets - the actual corrective - still support the debt-based economic policy. Right now, Trump and the Dollar seem to be doing well. However, it is by no means certain that it has to go on like this. Markets are sometimes irrational, but so far they have regained rationality sooner or later, usually with big, quick crashes.

Actually Gold is the universal investment. Now Russia central banks have 2000 tonnes Gold. USA is the largest holder of Gold reserves.

Cult

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Enter the future of gaming

Quote from: KingScorpio on July 29, 2018, 10:55:34 AM

I still didnt got a good answer for how to evaluate bitcoin when the us dollar collapses.

the problem is then other huge national currencies. might have a strict, banking cartel gambling ban, or there arent huge amounts of foreign debt abroad, like its the case with the us dollar and the reserves lying around in east asia.

what do you want to do peg and market bitcoin as part of euro?

wont be that easy, euro gambling is by far less than us dollar gambling despite the stupidity of eurobanksters.

regards

If dollar is abolished and replaced by mass-adopted bitcoin, there will be no need for pegging bitcoin with anything. Each currency is just a mean of exchange which represents a certain amount of labour. So when bitcoin defeats the fiat money, the market will just adjust to the situation and pepople will be paying each other in bitcoin without refering to any other currency to check the value.

BitcoinArsenal

hero member

Activity: 924

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Quote from: First77 on July 29, 2018, 11:00:50 AM

US dollar runs world economy. US Dollar is getting stronger year by year. With Donald Trump's "America First" it is US Dollar to the moon.

Bitcoin is people'e trust for a new system and an alternative asset. Bitcoin will be 3rd tier asset.

Certainly, Trump has strengthened the Dollar by its economic policy, while Europe, Japan and China are conducting monetary dumping (I say that as European). But the question is how long the financial markets - the actual corrective - still support the debt-based economic policy. Right now, Trump and the Dollar seem to be doing well. However, it is by no means certain that it has to go on like this. Markets are sometimes irrational, but so far they have regained rationality sooner or later, usually with big, quick crashes.

First77

member

Activity: 266

Merit: 32

US dollar runs world economy. US Dollar is getting stronger year by year. With Donald Trump's "America First" it is US Dollar to the moon.

Bitcoin is people'e trust for a new system and an alternative asset. Bitcoin will be 3rd tier asset.

KingScorpio

sr. member

Activity: 1470

Merit: 325

I still didnt got a good answer for how to evaluate bitcoin when the us dollar collapses.

the problem is then other huge national currencies. might have a strict, banking cartel gambling ban, or there arent huge amounts of foreign debt abroad, like its the case with the us dollar and the reserves lying around in east asia.

what do you want to do peg and market bitcoin as part of euro?

wont be that easy, euro gambling is by far less than us dollar gambling despite the stupidity of eurobanksters.

regards

Topic: Still dont have a good answer for Plan after the US dollar - page 3. (Read 436 times)