This coin I heard about called USD

Exactly and it's importance can also be noted when other countries tend to purchase oil from the oil producing countries because the oil can only be purchased by paying in US dollars.

 

it is true today, but tomorrow is promised to no one. that includes currencies

 

if the Democrats return to power, Congress will guarantee the debt of the states and will pay the salaries for local government workers. it will pay for it by printing money etc. then the US will become the next Argentina with high inflation and a collapsing US dollar.

 

Let's say u r right (u r not btw). How should a trader take advantage of this information?

 

The trader should take advantage of this information by diversifying into the most prominent cryprtocurrencies which is the real premise of this whole thread. The responders on this thread that think that the USD will never suffer inflation are naive. Just like any family who uses a credit card to finance 25% of their monthly expenses, well, the chickens do come home to roost. Inflating the debt away is the plan because it can never be paid back otherwise.

 

Yet more nonsense ... of the failed Keynesian School of Economics that got us (btw BOTH political parties follow) in the mess we are in.

 

Because you say so?

And the most obvious way ... I am no going to say on a public forum.

 

Except for the fact that Bitcoin can hard fork, thereby doubling the supply of coins overnight. Except for the fact that anyone can create a Bitcoin competitor and there could be a nearly infinite supply of these different coins. Your arguments really don't hold water when you look at it this way.

 

Well, it sounded like a good idea when I first heard about it, so I guess I will just stay in USD and forget about investing in an infinite supply of different coins. I certainly do not want to be in an investment that does not hold water.

 

The thing with BTC is no matter how logical of an argument you can make for it, the US government is the gorilla in the room that can and will squash it when they so choose and it will be end of story. If you don't like it, leave the US! Will the US really allow a form of payment, such as BTC to compete with USD if or when the USD starts going down the toilet? This is precisely when stiff rules will be enforced.

Everyone making arguments in favor of BTC make it sound like the US government will uphold all logical arguments in favor of it as if it has a responsibility to give consumers a choice about which currency they want to use. As long as you live in the US, there will never be a choice about what currency you use.