Would you invest in the USD (or any other fiat currency ?)

ArnoldChippy

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Quote from: just_Alice on February 01, 2018, 08:13:37 AM

Quote from: TheySeeMeHodlingTheyHatin on January 30, 2018, 07:15:44 AM

So far, every fiat currency in the world is inflationary. It will always decrease in value overtime in the long run. Its a guaranteed loss !

Whenever you sell bitcoin, you are buying a fiat currency; making sure you will lose in the long run

TLDR: JUST HODL BTC

I think if we're talking about investment as such, it must be something that is developing and has a potential. It is such a situation with cryptocurrencies, USD isn't developing now, as long as it's been existing since 1861. By buying USD you can just support its existence, but what's the profit? It will only help governments to control people's money.

I personally not going to choose USD or any other fiat currency for investment purposes, because i know that they have very stable price and a very small fluctuation can be observe in their price, instead i will like to invest my money in altcoins where we can choose such altcoin who have more potential and their price are expecting to increase too much.

TheySeeMeHodlingTheyHatin

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fiat (USD etc) currencies always depreciate anyway.. always.. !! if you are holding fiat currencies (such as USD) you are automatically losing money

just_Alice

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Quote from: TheySeeMeHodlingTheyHatin on January 30, 2018, 07:15:44 AM

So far, every fiat currency in the world is inflationary. It will always decrease in value overtime in the long run. Its a guaranteed loss !

Whenever you sell bitcoin, you are buying a fiat currency; making sure you will lose in the long run

TLDR: JUST HODL BTC

I think if we're talking about investment as such, it must be something that is developing and has a potential. It is such a situation with cryptocurrencies, USD isn't developing now, as long as it's been existing since 1861. By buying USD you can just support its existence, but what's the profit? It will only help governments to control people's money.

last7minutes

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Quote from: TheySeeMeHodlingTheyHatin on January 30, 2018, 07:15:44 AM

So far, every fiat currency in the world is inflationary. It will always decrease in value overtime in the long run. Its a guaranteed loss !

Whenever you sell bitcoin, you are buying a fiat currency; making sure you will lose in the long run

TLDR: JUST HODL BTC

Here the better decision will be investments into real estate. This stuff will always have value, especially if you buy prudery with the land. Additionally I invest into altcoins, which can bring more profit than Bitcoin

BossMacko

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The reason why people sell Bitcoin is because they still need flat currency to buy things that Bitcoin cant buy just for example basic needs of people like food, clothes and shelter. You also need to survive to be able to hold Bitcoin or make money in Bitcoin.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: squatz1 on January 30, 2018, 07:50:17 AM

I mean if you're investing in the USD, you're not going to be investing in the currency itself. You're going to be investing in bonds that are supporting the government that is backing the USD, the US government would be this entity. Those have pretty low returns, though if you need safety or protection against inflation (TIPS bonds) this could be the best option for you.

I wouldn't though, that's just me in my situation though.

I guess he means buying usd not investing in it.
By buying bonds you are investing in the country and it's government. You rely on it to make the right decisions. If they for instance go to war and lose, your bonds and the currency that you bought will be worthless.
If you buy the currency you're in a way investing in it too. That's what forex traders are doing. Buying a currency in hope that it will gain value in relation to other currencies.

So, bonds are bonds, currencies are currencies.

TheySeeMeHodlingTheyHatin

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Quote from: malekbaba on January 31, 2018, 02:41:38 PM

I invested and will invest too in future. But I did it differently. I was a miner once and I bought mining hardware by fiat money as I had no crypto coin that time and was paying electric bill through fiat too. But Crypto is volatile and now a days it become more volatile than ever. So I will not prefer new investment by fiat unless I get possible potential coin at lowest price

what if now its the lowest you will ever see ?

malekbaba

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I invested and will invest too in future. But I did it differently. I was a miner once and I bought mining hardware by fiat money as I had no crypto coin that time and was paying electric bill through fiat too. But Crypto is volatile and now a days it become more volatile than ever. So I will not prefer new investment by fiat unless I get possible potential coin at lowest price

maimainguyen05

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Quote from: TheySeeMeHodlingTheyHatin on January 30, 2018, 07:15:44 AM

So far, every fiat currency in the world is inflationary. It will always decrease in value overtime in the long run. Its a guaranteed loss !

Whenever you sell bitcoin, you are buying a fiat currency; making sure you will lose in the long run

TLDR: JUST HODL BTC

I find that your opinion is correct, as it is now if we sell cryptos that means we buy into fiat currency. The current money has very high inflation so the exchange rate will be reduced over time. Though, the difficulty here is that cryptos are not accepted as an official currency to use in every transaction so we still have to buy fiat currencies to be able to trade everything for personal needs. If future cryptos are accepted, then I will hold and not convert to fiat currencies.

MMA

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Quote from: Rana590 on January 31, 2018, 02:20:36 PM

I don't want to invest on USD. Personally i prefer bitc, eth, and other crypto currency than usd. Some of coins are most stable and potential. After some days, i will get my huge amount of profit from it. For this reason, I like btc, eth than usd.

To me i think that those people who know the importance of bitcoin they will surely invest money in bitcoin and other altcoins as compare to USD, because the income that we can get from bitcoin or some other altcoin we even cannot think about to get from USD, In fact USD is so much stable and there can only be a very slight increase in its price therefore we even holding USD for a long time cannot get such a big amount from it.

Tamim121

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Quote from: mahibul49 on January 31, 2018, 02:17:17 PM

i want to invest in crypto via fiat.my choice is buy bitcoin and hold it longterm.

I'm agree with you. I want to invest on bitcoin, litecoin, bitcoin-cash, eth. Buying this coin and hold for long term give me huge profit. Because this coin is so much potential and good coin. This coin give me more profit than USD. Day by day this coin prices are increasing. So without any hesitation I choose crypto currency for investment.

rockyfeller

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Quote from: TheySeeMeHodlingTheyHatin on January 30, 2018, 07:15:44 AM

So far, every fiat currency in the world is inflationary. It will always decrease in value overtime in the long run. Its a guaranteed loss !

Whenever you sell bitcoin, you are buying a fiat currency; making sure you will lose in the long run

TLDR: JUST HODL BTC

I really believe in your statement, if i'm gonna sell btc it's like i'm buying price of fiat and it's worthless for me though We use fiat for buy and sell things. but in the long run fiat money will decrease because there's no back up for that. i know gold still the precious material we have but in our era cryptocurrency will overtake any currency in the world.

Rana590

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I don't want to invest on USD. Personally i prefer bitc, eth, and other crypto currency than usd. Some of coins are most stable and potential. After some days, i will get my huge amount of profit from it. For this reason, I like btc, eth than usd.

mahibul49

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i want to invest in crypto via fiat.my choice is buy bitcoin and hold it longterm.

Dreamchaser21

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I never try forex trading I’m more on stocks and cryptocurrency and I’m already contented with this two market. We can invest any where as long as you want it but of course you still have to study everything because risk is everywhere and I think forex trading is highly volatile and not good for a newbie.

Bito4ek500

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Of course you can invest in a fiat currency. I invested a few thousand dollars in a US current account because I thought the dollar would be more stable than Sterling during all the Brexit nonsense. I didn't buy bonds because bonds aren't as liquid, and have a greater risk because of the possibility of bank bail-ins. I've closed my dollar account, because I don't believe the dollar has a sustainable future any more. This is because of the massive debt mountain that is dragging it down. I've been transferring my dollar holding into .com domain names, and over the next few months I will be selling those for Bitcoin. I think Bitcoin is a much better long term investment, but you do need to be able to ride the coming "corrections". Some of those are likely to be fairly substantial in my opinion. But these will represent good opportunities to increase investment in Bitcoin.

Carlsen

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Actually I have the local fiat included in my investment plan as well. Of course over time it is going to be eaten up by inflation.
But it is available immediatelly and it is accepted everywhere in my area. Those are advantages that might come in handy one day.
And the inflation losses are manageable in my country.

dlhylton

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That's true but if you put that money in a savings account or a CD, you earn interest, offsetting the inflation. So I wouldn't always say that holding fiat is bad. I think it is necessary. Also all places accept fiat but not all places accept cryptocurrency, so holding fiat gives you liquid cash that is taken everywhere. But I do understand your point in the potential of cryptos for the long run over simply holding fiat. Right now both have their place in society.

farhaan

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USD is already in its final stage to enjoy as the global reserve currency.It has already enjoyed 70 years the privilege as global reserve currency.If it had been the period just like before eight years,we had no other choice to invest except USD or gold.But now,most of us consider cryptos as the ultimate choice.

It does not make sense for anyone to chose USD or any other fiat currency which is subject to deflation in this crypto world.More over,investors would better feel to stay away from the government radar by investing in cryptos instead of investing in fiat currencies.

TheySeeMeHodlingTheyHatin

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Quote from: munareal on January 31, 2018, 11:25:23 AM

I will invest in USD and other fiat currencies in forex trading . It is the most lucrative business even better than HODL bitcoin. You make your profit depending on the type of forex trading you do.

thats trading !

either way, fiat currencies historically always depreciate

Topic: Would you invest in the USD (or any other fiat currency ?) (Read 457 times)