I was told that USD $ is going to collapse, True ?

[tedmos38]

Here in middeleast countries because Most currecies are tied to USD, because of Petro Dollar.

There is concensue that anyone holding dollor bank account, should keep it in Euro or other currencies, because USD will keep weakening much more and Bitcoin will replace Dollar ... what's your take on this?

I dont think so

 

[Girija]

Yup everyone here is buying bitcoin. Tell your folks too sell everything and buy bitcoin.

Guys apologies that wasn't funny. It was rude from me. Sorry.

 

[TimtheEnchanter]

$US being bought is a short term reflex transaction as a reserve currency. Longer term the US will be recognized as a zombie economy similar to Argentina and will lurch from one financial crisis to another. Adjusted for inflation stocks will be a poor investment.

"Long term" - most likely I'd be dead by then, so who cares? I'm leaving a royalty-based business and bitcoin account to my daughter (who is oblivious)...

 

[AbbotAle]

Probably not for a long time as the mighty Dollar can be ugly but sort of pretty versus all the other really ugly ones.

Also, people have been preaching about the demise of the USD since the 1970s. One year they'll be right.

 

[TradeTune]

I just asked a simple question ,,, Can you pharse your answer in simple english ?

 

[Turveyd]

All country's are collapsing, so the $ value is kinda of remaining the same, relatively.

 

[jys78]

All country's are collapsing, so the $ value is kinda of remaining the same, relatively.

This. Look at a long term chart and realize it's ALREADY down 99%...

 

[MrMuppet]

I do not agree.

The USD is going to shits especially after that insane liquidity injection...and everybody knows it. The US has a history of devaluating it's own currency to deflate their debt at a higher rate than other countries because...well, they can.

Japan is already talking about defending USDJPY level of 100 because everybody knows the US is trying again.
I'm pretty sure we see EURUSD levels of 1.30 to 1.40 mid term

@TradeTune : Find a way to hedge. Either swap into EUR or CHF if you can. BTC is not a solution until you know how to hedge it's volatility with derivatives.

 

[Overnight]

View attachment 247033
...

Looks like a double-bottom forming, like any other instrument chart in existence. Mreh.

 

[MrMuppet]

it goes straigt down...where is the second bottom??