Author

Topic: US debt affect on Mt Gox account balance (Read 837 times)

full member
Activity: 224
Merit: 100
October 11, 2013, 09:15:07 AM
#6
Just hold Bitcoin & gold and not USD and your will be safe.
legendary
Activity: 4438
Merit: 3387
October 10, 2013, 03:51:28 PM
#5
I'm from Australia, and trade in USD on Gox for obvious reasons.

I was wondering, when the debt situation inevitably hits the fan and the value of USD possibly plummets, what should I do? Will that happen? Should I exchange money now?

What will happen to the USD in the future, and when could it happen?

If you hold BTC in your account instead of USD, you won't be affected by a fall in the value of USD.
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
October 10, 2013, 03:35:10 PM
#4
Don't think the USD is going to get hit too hard, but still BTC may be a better investment, if you've got money on the exchange, wait for a dip and buy in Smiley
hero member
Activity: 728
Merit: 500
October 08, 2013, 05:35:47 AM
#3
USD can enter to hyper-inflation. But it's not too likely, if the debt ceiling isn't raised I would move the money of USD...
legendary
Activity: 2338
Merit: 2106
October 08, 2013, 04:50:46 AM
#2
u.s. can not go bankrupt. it will just print/create more $. the gov. shutdown is just some political opera/drama play. it will not hit any fan. you should be more concerned about gox staying liquid.
sr. member
Activity: 714
Merit: 250
October 08, 2013, 04:41:03 AM
#1
I'm from Australia, and trade in USD on Gox for obvious reasons.

I was wondering, when the debt situation inevitably hits the fan and the value of USD possibly plummets, what should I do? Will that happen? Should I exchange money now?

What will happen to the USD in the future, and when could it happen?
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