Quote from: pjviitas on January 09, 2015, 01:56:55 AM

Quote from: billyjoeallen on January 09, 2015, 01:34:31 AM

Quote from: heartastack on January 09, 2015, 01:27:39 AM

Quote from: Specular on January 09, 2015, 12:58:55 AM

Quote from: smoothie on January 09, 2015, 12:39:53 AM

Quote from: rolling on January 09, 2015, 12:18:44 AM

Oh my, these posts are going to be so funny to read when Bitcoin is $100k. People arguing over 10's of dollars lol !!!!

In a few years $10 will be worth nothing assuming the dollar fails to be the world reserve currency and people lose faith in it.

Fiat paper is simply....toilet paper with ink on it.

I believe that a lot of Fiat currencies are in for trouble in 2015 - Russia, The Euro, Turkey, Argentina, Russia's satellite states (such as Belarus) and even some Asian currencies mixed up in the devaluation currency war between China and Japan.

But of all the currencies out there, I think the USD has the biggest chance of thriving. The US has the biggest economy, it has the most advanced military, it has the rule of law, it has a crap ton of food/resources and it has a strong, dynamic and growing economy.

Think about this - where would you want to keep a couple million dollars for 5 years? In China it can get confiscated, Japan is a QE freakshow with a declining population, in Russia your fate is tied to Putin and Oil, the Eurozone is about to go through some serious shit with Greece again, and most other places (except for the tiny nation of Switzerland) are a complete gamble. I don't get all these "US dollar will be worthless" people. The USD is the safe place to keep big pools of $ long term - bearing any major unexpected political or social black swan that knocks America down a peg or two.

The people who need BTC aren't Americans, its those poor bastards buying toasters and flatscreens to try to save their quickly depreciating savings.

Just my 2 cents.

The fed will keep bailing banks and keep interest rats low with citizen dollars. Let's see how long...

Until a bond market revolt. Then it's either a deflationary depression that will make the 1930s look like the good ol' days or (more likely) a hyper-inflationary mega recession that ends with a failed currency. One of these two things has to happen eventually (barring the discovery of cold fusion or some other miracle tech), and it's impossible to hedge against them both. It's death by fire or ice. International trade will have to be done very creatively if at all.

At the end of the day if things get as bad as all the BTC fan-boys hope it gets concerning other currencies...BTC and everyone other currency will be worthless.

The most valuable things will be food, water, shelter and bullets.

Absolutely correct.

42t

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