Dollar collapse

When the dollar collapses how are you going to cash out your crypto gains?

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The end goal has always been never having to cash out.

>Cashing out into failing fiat
>Paying capital gains tax
This is the new currency, user.

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rsv.

Having a lump sum of cash to purchase an estate flat out or having passive income.. Decisions decisions

>cash out
you mean
>crypto in

always have tangible assets. Diversify

Uphold is a godsend. Borrowing dollars on Aave, and sending them to Uphold where they automatically convert to gold for use on a debit card is fantastic. There is no better way to benefit from the collapse of USD.

Linked POV

gold nuggets

gold and silver

I'm not, i'm never selling my FUND

>cash out
u stoopid?

When the dollar dies, we go back to gold. Which is why crypto _will_ fail. Its perceived value as an inflation-hedge will be gone. It loses its main purpose after the great reset. Nobody will be stupid enough to sell real gold for fool's gold. Privacy coins might stagger on in order to fill their little niche, but gold is the true future.

Read Mike Hearn's article, "The Resolution of the Bitcoin Experiment,"

blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

and watch Barely Sociable's video "Unmasking Satoshi Nakamoto." (youtube.com/watch?v=XfcvX0P1b5g.) Fact is, we used to think that the banks and Blockstream, under the leadership of Adam Back, captured Bitcoin and ruined it, by hamstringing the block-size. But it would seem that Adam Back was Satoshi all along, and that Bitcoin was intended to be flawed. Crypto was a scam from its inception. It was probably invented as another way, besides the COMEX, to suppress the price of gold and silver, and prop up the system for a few more years. It is a childish distraction.

Your argument is for why bitcoin will fail. There is no reason something like Ethereum or Chainlink would fail, as these provide the basis for the next tech revolution (Smart Contracts).

Xbox 360 is the new currency?

No more cashing out only crypting out.
If you don't have guns, ammo and food you'll end up in a fema camp anyway or taking the vaccine $ won't help you then

Low IQ thread.
A thread died for this

Every other coin is simply a derivative of the original scam. All 5000 of them. It's senseless to gamble on which one might offer some bit of utility, and survive the carnage of the reset. None of them will ever be money. Ethereum is case in point. It's the product of a roll-back after a hack stole millions. Unlike gold, which has no counter-party risk, it is centralized, and demonstrably vulnerable.

>derivative of the original scam
No, not really. There are a few that are useful. Most are scams though. But whatever, I remember all the nocoiner copes in from 2015, just surprised you're still around and haven't roped yet

Fuck USD holding ZANO forever good luck getting any when it starts to moon

I'm up 600% this year on my gold mining stocks. Could not care less that I didn't get into the Great Crypto Bubble of 2017, any more than the Mississippi Bubble or the South Sea Bubble before I was born. Far more people are hurt on the way down than are helped on the way up in bubbles. Foolish to be chasing a dead bubble and yesterday's news when a real bull market is staring you in the face.

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Here is the thing, if gold started at a price of $0 in 2008 as Bitcoin did, it would be in a constant bubble craze too on the path towards $1,900 an ounce, insane volatility is not in itself a discreditor of the technology.

First post RIGHT post

If the dollar has collapsed what do you think your going to cash out to?

The Mississippi Bubble and South Sea Bubble started at zero too. We know that gold isn't in a bubble, because, over time, it always buys you exactly the same things. Sometimes it underperforms (as in '12-'18), sometimes it overperforms (as in the 70s, when it went 25x), but, over time, it will always buy you roughly the same amount of clothing, food, oil, etc.

My main point is how can a brand new asset class begin at $0 and ever become a major world asset worth billions without some major ups and downs along the way? It's simple math. Gold is not a bubble because gold is just always been. Also bubbles generally don't last a decade as Bitcoin has, it has long surpassed the fad phase as well. You can believe it's stupid, hell in some ways I think it's stupid to trade money for 0s and 1s, but there is no point in fighting the masses, it has been growing for years particularly in the developing world. Believe me, i'd rather have a million dollars of gold than $50,000 in crypto, but since I'm not rich my best bet in life is to take the risk with crypto. Gold is great at preserving wealth if you already have it.

Wait for the Dow to reach around 10k, and put all your crypto holdings there. It'll shoot back up and you can ride that high

There are times in history when gold not merely preserves wealth but vastly increases it. Mike Maloney shows how, if, since the 1920s, you traded between gold and real estate when either asset-class was comparatively undervalued, you could have turned 1 house into 500:

youtube.com/watch?v=l-knwwD-PZc

In the 70s, as I say, gold went up 25x, and small-cap junior silver-miners went up an astonishing 150x. Same thing happened in '01 to '11; First Majestic Silver went 150x. This is why I say that people who are not getting into gold right now are missing the opportunity of a lifetime to chase yesterday's news. When we go back to a gold standard after the great reset, the increase in purchasing-power which gold will give will be simply enormous, especially because it has been manipulated for so many years; silver even more so:

youtube.com/watch?v=9EOPKizJ_Y4

If you want to take risk, believe me, you should simply buy the junior miners, the GDXJ and SILJ. If you want to take more risk still, put 1-3% of your net-worth into some small-caps like MUX, LIO, and EXK.

I'd say that the Bitcoin bubble hasn't lasted. BTC is still well below its all-time high, and the case is even worse with Ether, Monero, BCH, etc. Meanwhile, gold and silver are breaking out.

You say that "you can't fight the masses," but crypto is niche. The PM market is ten or twenty times larger, and crypto has been stagnant for years. I believe that Lobo Tiggre is right that the crypto people from 2017 will begin flocking into miners soon, when they realize the gains to be had. youtube.com/watch?v=20Co9ZxYa6A

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dollar collapse is the best thing to happen to crypto. I mean you can purchase almost anything now a days with crypto and if you cash out your crypto will be worth more and recover faster than the dollar.

Bitcoin is an unconfiscateable asset.
Literally nothing before Bitcoin in Universe was unconfiscateable.
Gold has been confiscated before.
Bitcoin > Gold

good question.
MKR has had the longest track record of keeping a peg, so I think they could peg a coin to a stable commodity.