Topic: What would you do if the US Dollar crashed ? - page 2. (Read 4221 times)
$38 for writing a few lines and nobody wants to step in?
i will be using my BTC instead of Euro and Dollar.
I will do the same.
I will just buy a load of USD with my EUR.
You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.
I don't listen to news sites and people who are hoping that the USD will fail. It just won't happen.
If there is a significant price drop I will definitely buy up USD. Great investment opportunity.
LOL!
What's so funny ?
Because nothings funnier for me lately than seeing people in denial about a crashing global economy because it just shows how little you guys live in the real world.
Not sure if you're aware of the fact that people do have different opinions.
One thinks the world economy will crash in the near future, and the other don't.
I don't see a reason why the USD won't survive, every action will be taken to get it through whatever recession there is at that moment.
what if i told you that those in control of us banking system doing everything possible for dollar to crash? every policy every action they make in the past few years indicates so. globalists abandoned usa few years back for east. though the system they built is very big and obviously will take time to destroy. tick tock. the decisions been made already.
You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.
going back to gold backed currency will be economical suicide for any country within influence of western hegemony - instantly making them 3rd world countries in process. only china can have that status as biggest holder thanks to help of rothchilds. china will grow thanks to gold slowly changing its society with increased consumption.
Go on. I see you can not do anything else than being offensive. Hope you feel better.
I don't want to go OT.And I feel that your comment was just a provocative one, therefore I did not answer.
If you want to continue this send me a pm. I would love to argue with you then.
Thank you
Go on. I see you can not do anything else than being offensive. Hope you feel better.
Yes, there is sort of fashion for driving horses, woman degradation and mass killing as well in human history. Do not forget to take some of those.
BTC is not sort of fashion on the other side so maybe you should forget about it.
What you write is inconsistent.
BTC is not sort of fashion on the other side so maybe you should forget about it.
What you write is inconsistent.
Your comment is idiotic, sorry to say.
It doesn't require any answer.
I'm sorry
i think for dollar crashed is impossible, but we dont know dollar crashed or not
i will be using my BTC instead of Euro and Dollar.
Currencies with "unsustainable" debt are here for decades. They will not be here forever, but there indeed is scenario that they can exist for some time and the time can be longer than lifespan of many people. Japan's GDP already for many years is lower then their debt and shit happens. 90%+ countries and their fiat currencies are in much bigger shit than Japan and japan did not ask yet North Korea for help...
Your question makes no sense. You ask for infinity and bet 0.1 btc on something you can never lose and on something that does not solve anything. Some of your 3 outcomes will one day happen, but before that can be very long time of deflation for example.
Money now is defined by 7bn of people and it is mostly fiat money. In one second or 5 mins and most probably in 1 month or year it will not change.
Your question makes no sense. You ask for infinity and bet 0.1 btc on something you can never lose and on something that does not solve anything. Some of your 3 outcomes will one day happen, but before that can be very long time of deflation for example.
Money now is defined by 7bn of people and it is mostly fiat money. In one second or 5 mins and most probably in 1 month or year it will not change.
http://www.usdebtclock.org/
We just crossed the big 18.
The US debt is so high that it is impossible to pay even the interest on the loans. In the very close future it will be so high that even the entire GDP could not pay off the interest.
There are only 3 possible outcomes to this. Hyperinflation, default, or a war that makes things like numbers on a ledger meaningless.
Those of you saying the dollar will survive just fine, I challenge you to explain how that could possibly happen, using reason and numbers and keeping personal opinions to a minimum. Heck, I'll even put a reward on the line. 0.1 btc to whoever can find a reasonable fourth option.
We just crossed the big 18.
The US debt is so high that it is impossible to pay even the interest on the loans. In the very close future it will be so high that even the entire GDP could not pay off the interest.
There are only 3 possible outcomes to this. Hyperinflation, default, or a war that makes things like numbers on a ledger meaningless.
Those of you saying the dollar will survive just fine, I challenge you to explain how that could possibly happen, using reason and numbers and keeping personal opinions to a minimum. Heck, I'll even put a reward on the line. 0.1 btc to whoever can find a reasonable fourth option.
Yes, there is sort of fashion for driving horses, woman degradation and mass killing as well in human history. Do not forget to take some of those.
BTC is not sort of fashion on the other side so maybe you should forget about it.
What you write is inconsistent.
BTC is not sort of fashion on the other side so maybe you should forget about it.
What you write is inconsistent.
There's a sort of fashion thing in Gold and Silver that's innate in human beings.
So I vote for both Gold and BTC.
I don't see the problem in the "old" metals.
So I vote for both Gold and BTC.
I don't see the problem in the "old" metals.
Retire with my 1 BTC wallet. 
How does silver compare to gold in terms of rarity and the ability to mine?
I haven't got the money to buy loads of gold, but I have some BTC and would be interested in silver if it is seen as a sound investment. Or is it better to buy a small amount of gold together with BTC?
I haven't got the money to buy loads of gold, but I have some BTC and would be interested in silver if it is seen as a sound investment. Or is it better to buy a small amount of gold together with BTC?
Silver is not as rare as gold. But it's getting more and more considered as an alternative of gold.
You may find good offers if you would like to buy some silver bullion around.
It's funny how BTC and LTC are representing the difference between Gold and Silver. They seem to be the respective digital versions.
Anyway, I expect the dollar to crash soon. Otherwise it will be true that this markets are super fake: manipulation will always prevail.
Even in the BTC one.
Gold is obsolete shit even as value staorage, but at least 1 million USD in Gold is less than 30 kilos and because of high density of gold the 30 kilos can be stored in very small physical safe. But if you want 1 million USD in Silver, then it is like 2000 kilograms, so even your car will not be capable to move it and you will have problem to store it.
So with silver even smaller transactions have to be done via certificates. But certificates and digital era do not go well together. Never did in pre-BTC era. I remember eGold, there was small hype about it 10+ yrs ago, but it never became popular and now with BTC it is a pure stupidity to look back to precious metals.
I don't listen to news sites and people who are hoping that the USD will fail. It just won't happen.
Would care to elaborate on the reasoning that brought you to this conclusion ?
I think I know why it's not failing right now despite the massive expansion (x5) of the USD "coin supply", but I can't see those conditions sustainable for a long period.
For example, what makes you so confident that the trillions backed up on Fed balance sheets, or the Chinese held $1T in USD bonds or the Japanese held $1T in USD bonds or the huge amounts of dollar denominated sovereign wealth funds held by the Gulf region countries won't find their way back out into the markets ?
There are so many speculators at this moment hoping for the USD to vanish and leaving a trail of destruction behind, all for their own benefit.
Why am I supposed to agree with what they say? At this point the entire world economy is at risk if something happens with the USD.
Would they rather let the USD burn or will they take every necessary step to prevent it from failing. I go for the last.
Print moar, then it will never fail. Because of the military.
I don't listen to news sites and people who are hoping that the USD will fail. It just won't happen.
Would care to elaborate on the reasoning that brought you to this conclusion ?
I think I know why it's not failing right now despite the massive expansion (x5) of the USD "coin supply", but I can't see those conditions sustainable for a long period.
For example, what makes you so confident that the trillions backed up on Fed balance sheets, or the Chinese held $1T in USD bonds or the Japanese held $1T in USD bonds or the huge amounts of dollar denominated sovereign wealth funds held by the Gulf region countries won't find their way back out into the markets ?
There are so many speculators at this moment hoping for the USD to vanish and leaving a trail of destruction behind, all for their own benefit.
Why am I supposed to agree with what they say? At this point the entire world economy is at risk if something happens with the USD.
Would they rather let the USD burn or will they take every necessary step to prevent it from failing. I go for the last.
How does silver compare to gold in terms of rarity and the ability to mine?
I haven't got the money to buy loads of gold, but I have some BTC and would be interested in silver if it is seen as a sound investment. Or is it better to buy a small amount of gold together with BTC?
I haven't got the money to buy loads of gold, but I have some BTC and would be interested in silver if it is seen as a sound investment. Or is it better to buy a small amount of gold together with BTC?
Silver is not as rare as gold. But it's getting more and more considered as an alternative of gold.
You may find good offers if you would like to buy some silver bullion around.
It's funny how BTC and LTC are representing the difference between Gold and Silver. They seem to be the respective digital versions.
Anyway, I expect the dollar to crash soon. Otherwise it will be true that this markets are super fake: manipulation will always prevail.
Even in the BTC one.
To OP,
What you are thinking to do has a name... Arbitrage. Everyone please rush to Google and search this word!
All of the exchanges around the world were used efficiently to profit on arbitrage. When arbitrage was gone so were a lot to bitcoin traders leaving you holding expensive coins.
A US Dollar crash? You mean a come back to reality, right? Because USD is so strong now that a 10% drop would be consider a crash now, but would be a return to this year's early prices.
To gain on Forex (another word you guys may want to Google), you would need to buy a currency that has been beaten. The Yen is one, the Ruble is another... The Euro is down but not greatly.
That said, I would hold to any Bitcoin you have. But would buy Yen or Ruble if you feel like you want to go Forex while the USD is super strong.
What you are thinking to do has a name... Arbitrage. Everyone please rush to Google and search this word!
All of the exchanges around the world were used efficiently to profit on arbitrage. When arbitrage was gone so were a lot to bitcoin traders leaving you holding expensive coins.
A US Dollar crash? You mean a come back to reality, right? Because USD is so strong now that a 10% drop would be consider a crash now, but would be a return to this year's early prices.
To gain on Forex (another word you guys may want to Google), you would need to buy a currency that has been beaten. The Yen is one, the Ruble is another... The Euro is down but not greatly.
That said, I would hold to any Bitcoin you have. But would buy Yen or Ruble if you feel like you want to go Forex while the USD is super strong.
Just to put things in perspective, can you imagine if the Peercoin dev suddenly decided to hardfork PPC and grow the coin supply from 20 Million to 100 million overnight ?
In a certain way one can imagine this excessive mB as the untouched Satoshi's Bitcoins. They do exist de iure, but they do not touch market. So they are not influencing anything and actual amount of BTC in circulation is much much lower. And that amount of really circulating BTC's is important (unless Satoshi starts to sell them).
USD stored in offshore paradise's banks that will not be touched should NOT be considered as money. And at those banks end most of the corporate profits...
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