Is Bitcoin dying as a payment option ??? — How about is the dollar dying as THE Global Reserve Currency?
Source: https://www.zerohedge.com/news/2018-01-12/bitcoin-dying-payment-option
Let’s answer their rhetorical question of Bitcoin dying as a payment option — with a question?
How much was the value of Bitcoin up in 2017 ....1200%.
How much was the US Dollar DOWN in 2017 .... @ 6% down
So I hope Bitcoin really continues to die as a payment option with this type of return :-)
Ok...I will answer the question. Bitcoin’s issue is addressed in 1 to 2 yrs when the Lightning Network is 100% implemented. Please tell me how or when the US Fiat Dollar issue is fixed ?????
Hello.....I am hearing crickets?
So let’s turn the tables — is the US Dollar dying as the Global Reserve Currency???
Why yes it is....shocking. Maybe there can be some truth shared with all about how China, Russia and many other countries WILL NOT be using US Dollars for oil trade ....hmmm.
Did anyone see the reaction yesterday when there was story that China would be buying LESS US Treeasury’s? The whole US Market when into shock.... the market was down 200 pts early...interest rates spiked UP.....US Bonds tanked. IF the US Dollar situation was sooo solid this would not have been the case — and yes the dollar continues to fall today.
Can somebody explain what happens when the World needs LESS Dollars??? The answer is they come home to roost and we are swamped with “hyperinflation” and the dollar does not buy what it did before.
The dollar has been falling hard lately — did you notice gas prices spike? That is becuase Oil is priced in dollars...as the dollar tanks it costs more as the gas pumps. That is called INFLATION.
I should not be so hard on the media. There clearly needs to be a transition and you can’t expect a flash cut over to cryptos when all is not ready.
I guess what I get made about is “the bad guys” will do anything to get users to dump the their BTC and LTC ...whatever it takes according to their mafia rules. So stories like the above get printed to create more FUD.
A picture is a 1000 words...this is all you need to know..tell me below isn’t the truth :-)
I do really hope the lightning network fixes the transaction times and fees, cause of now i see bitcoin more of a savings account than a checking account. But I'll keep my fingers crossed the lightning network will correct this.
It certainly does work...this has already been shown and the fees are near zero. But it need to be rolled out like a highway
Awesome! very much looking forward to it!
For daily transaction we can't image using BTC in the future. There're many other coins better to this use.
Can’t disagree with that statement. Litecoin is clearly better in many ways. But it does not mean that Bitcoin cannot change or that others won’t as well.
The dollar isn't dying as the global reserve currency... It's growing. http://data.imf.org/?sk=E6A5F467-C14B-4AA8-9F6D-5A09EC4E62A4
A lower dollar is a good thing for the world economy. It buys some time :) You can't look at a currency as it is a stock. A rising currency = bad. Why do you think that the Chinese manipulate it so often?
Come back in 10 yrs....is the dollar still the king petro dollar — no chance. I am talking time my friend. The writing for the dollar is not the wall....and I want such a transition to be very slow. All countries manipulate their currency. A low dollar makes the citizens pay more at the stores for good from China. A low dollar would be great for exports if we were a strong manufacturing company. Let’s continue this conversation in a year or two ....more information will be there for all to see.
Someone needs to update that deflation graphic.
But, how does one represent a years worth of groceries?
It’s not perfect .. I agree :-) Conceptually ..one is deflationary and the other inflationary.
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