Crazy to hold dollars. But there is still half of the world who is holding dollars. upvoted and resteemed
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Crazy to hold dollars. But there is still half of the world who is holding dollars. upvoted and resteemed
@mafsteem Since all commodities trade in USD there is nothing most countries can do, but hold USD.
But I'd rather say it is crazy to hold fiat money at all.
@stehaller...I sold my Ether for Euro yesterday. Fiat money is still much more stable then cryptos. I could have sold Ether also for Steem. This was too risky for me but damn I shoud have done it. I wait for a pullback then I buy Ether again. I don't hope Euro is going down this weekend.
@mafsteem For Steem, I have more time than my own ideas. And it can be invested. I'm doing some research on this subject.
@bllslnylmz1...well done.
I'll get the steem dollar. Will this diminish?
@sniper08...I convert steem dollars always to steem. steem dollar I don't trust.
I'm doing what you do.I trust my experience.
@sniper08...exactly
thank you
Exactly. Dollar is not just about trading. That’s why all those predictions about dollar going down the kitchen sink with the introduction of the Shanghai gold market priced in yuan a year ago and the recent introduction of oil priced in yuan as a catalyst to topple the usd has been proven wrong. Period. will it happen eventually? Maybe but in at least 10-15 years.
Usd is still the senior currency all investments are based on. No professionals will sell their mutual funds investments for storing in crypto yet. They have no where to go except remaining in usd denominated assets. The investment market is so much greater than the actual trading volume. That’s why usd is still king.
China needs a bigger bond market and investment market for people who
Sold their yuan to store its values on. They won’t be able to repeat what the US did with creating such a big bond market. Their only option is to create a gold backed yuan currency as an incentives for nations/people who trade in yuan to store their values on.
It will take years to happen. I have a feeling that usd has reached a short term bottom!
@rksleung...well explained. Could be 10-15 years until it's done but it started already.
Be your own central bank! Buy steemit.
@saltycat...good advice. I think steem is a good buy now. I wait a couple of days. Maybe it's coming down a bit. Then I buy steem.
@mafsteem I think its is a very accurate move. It has a very moving graphic. But it does not scare me :)
@bllslnylmz1...Me neither. There is coming more and more money into the cryptoworld.
@mafsteem This is a very advantageous move. I think it can be generally won in this way. Is it good for me? How should I do ?
@bllslnylmz1...I check steem the next 3 days. Maybe there is a move down even below 5$, then I will buy.
@mafsteem woww. This will be very profitable. But how much will it rise?
Half the world may hold $$$, but that fad may end in the blink of an eye!
@thatrushkid...Could be but I don't think so. I think China is not interested in doing that in blink of an eye. I think China is doing it step by step. Otherwise China couldn't sell stuff anymore to US. That would destroy the economy of China.
Voted and resteemed
you are rght @mafsteem