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    Author Topic: Why Bitcoins Won't Die  (Read 1405 times)
    esotarious (OP)
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    October 23, 2011, 03:00:49 PM
     #1

    I think people selling Bitcoins at the current prices are going to look back and kick themselves.  I know there are quite a few speculators out there, but if you're in the United States for instance, a Bitcoin is going to be like Digital Gold in the coming Months/few years.

    The last few months the value of the Bitcoins have been falling, but things have still been very active overall.  So you know there are still tens of thousands of people around the globe with interest in Bitcoins, but beyond a medium of direct exchange Bitcoins are very powerful for one reason.  It's easy to turn them into other currencies free of governmental regulation.

    The United States dollar is running its course.  Once it loses its status as the world's reserve currency all this deficit spending is going to catch up to us in a BIG WAY very quickly.  We'll have a hyperinflation scenario in the United States that will essentially erase every persons savings.  This of course is going to cause massive riots in the streets, prices to soar, and god knows what else.  The wheels for this are in motion even as I type this. 

    Of course the Government isn't going to give you a heads-up on this happening because that would just hasten the fall.  You better also believe that once hyperinflation does start to occur that they're going to make it difficult if not impossible to turn your dollars into other currencies around the world.  That's where Bitcoins come in.....If nothing else, just make sure you have a lot in your account because who knows how easy it will even be to move dollars into Bitcoins once this starts. 

    That's my personal plan.  I'm going to buy Gold, Silver and Bitcoins to hedge against this coming turbulent time.  So if you're out there thinking Bitcoins ship has sailed....I have one word for you.

    Wait.
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