1 USD = 2104 SATS
You should better sell that worthless greenish toilet paper before it goes to zero!
You should better sell that worthless greenish toilet paper before it goes to zero!
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USD is plummeting! 2104 SATS
- Thread starter JohnnyDoe
- Start date
Odds of SATS going to zero before the USD goes to zero is near 100%. The USD has existed since 1792.
At least I can use USD as toilet paper if it goes to zero. If SATS goes to zero it has utility at all.
How is his comment any less ridiculous than the OP's comment? If you post stupidity, you invite stupidity.
At least 369's comment was based on something, i.e., technical analysis.
No, you cannot as you already hold most $ in digital form.
Every fiat currency goes to 0. History proves it. Now the time is coming due, it becomes very clear since end of February.
interesting, you don't mention the time frame... but if it's "near" 100% then let say 99%? which is 1.01 in decimal odds - would you really bet 1M USD on it? every body can see this is nonsense
That rule only holds true in absolute time, not in terms of human lifetimes (which is what matters). As I already noted, the USD has existed since 1792. The Pound has existed for over 1,000 years. They will continue to exist during our lifetimes, which is what matters. The USD will eventually end as a reserve currency, but it will not end as a currency (just as the GBP did not end as a currency after it lost its reserve status). By comparison, Bitcoin might not exist next year.
Yes, as I just discussed above, when examining the timelines everyone can see that what you are saying is nonsense.
Valuation matters
Both value only a fraction of what it was just a short years ago.
Article from 2018 by Allianz Global Investors. Makes interesting reading.
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www.allianzgi.com
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Could the US dollar lose its reserve-currency status?
US dollar's reserve-currency status | Allianz Global Investors
The US dollar has long been the currency of choice for banking and trade, and for valuing all other currencies. Yet a shift away from the dollar may have begun, which could help the global economy in the long run.
www.allianzgi.com
you are clearly a crypto beliver not understanding that its your own grave of financial freedom.
bitcoin price is controlled by major banks like JPM and they dictate the price.
Why price is high probably going to dump to 19k ?
because they want to accumulate as much as possible before going parabolic when CBDC's will be implemented to make a final distribution.
And if you would observe markets you would see that nearly all major markets are near big resistance.
Oh what a nice coiincidence
so you would bet on dollar 1.01 in 30 years period against BTC?
it's not the same dollar and not the same pound that exist for those decades and especially not the same world
Article from 2018 by Allianz Global Investors. Makes interesting reading.
------
Could the US dollar lose its reserve-currency status?
US dollar's reserve-currency status | Allianz Global Investors
The US dollar has long been the currency of choice for banking and trade, and for valuing all other currencies. Yet a shift away from the dollar may have begun, which could help the global economy in the long run.
Yuan Makes It A Tri-Polar Currency System
The international monetary system has become tri- rather than bi-polar, with China’s yuan overtaking the euro as the second most important currency, according to new calculations by Camilo E. Tovar and Tania Mohd Nor at the IMF.
USD,CNY,AU
USD losing its major role as "sole" world reserve currency will decrease its value by arround 40-50%
Obviously I would hold something that I know will still exists in 30 years (USD), versus something that might not even exist next year (BTC). You would be an idiot to do otherwise.
Why even ask the question? I do not understand your point.
When greed kicks in the brain stops thinking logic.
cough cough ponzi cough ponzi cough cough JPM controlled asset cough cough 2025 forbidden PoW cough cough cough
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