Quote from: khunyung on Today at 05:41:57 PM

Quote from: davis196 on May 16, 2020, 06:26:08 AM

Dude,stop preaching about things that might not happen.
The US dollar will remain a global reserve currency with or without the corona pandemic and the corona recession.The US economy is still the strongest economy in the world and the majority of the people around the world trust the US dollar,because it is a well known and stable currency.
I'm not advocating and I'm not the biggest US dollar fan,but this is the reality.The euro and the yen aren't even close to the US dollar,in terms of global usage.

It is quite sad, but you are mainly right.
Except one moment - now USA made the decision to print a lot of money in order to give out to their citizens.
What does it mean for usd holders out there - they've lost some value of their assets on hands which really sucks.
This made a lot of investors will to exchange their usd to prevent further losses (which is absolutely adequate).
So by that I mean - crypto could really become one of the main hodl instruments in nearest time

As long as major assets like RE, food, water etc don't get affected by the inflation, I'd say USD hodlers doing just fine. RE prices is in a bad shape though but good news is it corrects itself from time to time.

I believe most USD holders hodl at least some gold too and it spiked up recently and probably made up for their losses in FIAT.

The good thing with USD is you know how much it's value will be tomorrow. It will be slightly less than the yesterday's but you know it anyway. Other assets might be worth more or less, you just don't know it.

Gold is close to its ATH now but the correction happened years ago was painful af to those bought at $1800. I know friends personally that cursed gold forever and we are talking about gold here, not even crypto. Think about how they would feel about bitcoin's corrections.