Author Topic: where is the $ heading?? (Read 43430 times)

luissantos84 · « **on:** April 29, 2011, 08:22 »

I am becoming quite worried about the $ conversion, $ everyday drops a little, are USA going down?

honestly I don´t know nothing regarding value of the $ and exactly how it goes up or down.. but Europe is quite down, it was Greece than Ireland than Portugal, perhaps Spain soon..

is the $ going down and even more than the EUR?

lthn · « **Reply #1 on:** April 29, 2011, 08:33 »

yeah, I'd really like to collect credits in something else, it's not gonna be worth tin crap soon... another devaluation of comissions

sharpshot · « **Reply #2 on:** April 29, 2011, 08:39 »

It's a concern, every time the dollar weakens, I lose more money. The exchange rate with sterling was a lot worse for me in 2006, I hope it isn't heading there again. Currency fluctuations are really hard to predict, I read an expert predicting that the pound was going to go down against the dollar a few months ago and he was completely wrong. I think the level of US debt could be a big problem but hopefully they will do something to get it under control.

leaf · « **Reply #3 on:** April 29, 2011, 08:40 »

agreed. I have had a 20% pay cut so far this year as a result of the low US$

click_click · « **Reply #4 on:** April 29, 2011, 08:55 »

Quote from: sharpshot on April 29, 2011, 08:39

...I think the level of US debt could be a big problem but hopefully they will do something to get it under control.

There is no way the US can get their debt under control. It's just a matter of prolonging the big bang. It will come eventually...

Slovenian · « **Reply #5 on:** April 29, 2011, 09:11 »

Quote from: click_click on April 29, 2011, 08:55

Quote from: sharpshot on April 29, 2011, 08:39
...I think the level of US debt could be a big problem but hopefully they will do something to get it under control.

There is no way the US can get their debt under control. It's just a matter of prolonging the big bang. It will come eventually...

I've read about 2014, I hope agencies will switch to EUR long before that or we'll all loose most of our money.

cthoman · « **Reply #6 on:** April 29, 2011, 09:27 »

There is a solution. A dollar is still worth a dollar here.

luissantos84 · « **Reply #7 on:** April 29, 2011, 09:45 »

Quote from: cthoman on April 29, 2011, 09:27

There is a solution. A dollar is still worth a dollar here.

RIGHT!

got place for one more??

seriously this concerning, I am keeping money on paypal for a long time actually expecting that it will go up but everyday goes lower..

aeonf · « **Reply #8 on:** April 29, 2011, 09:46 »

Quote from: cthoman on April 29, 2011, 09:27

There is a solution. A dollar is still worth a dollar here.

Not for long. its only a matter of time before inflation hits the US.

microstockphoto.co.uk · « **Reply #9 on:** April 29, 2011, 10:33 »

Quote from: Slovenian on April 29, 2011, 09:11

Quote from: click_click on April 29, 2011, 08:55
Quote from: sharpshot on April 29, 2011, 08:39
...I think the level of US debt could be a big problem but hopefully they will do something to get it under control.

There is no way the US can get their debt under control. It's just a matter of prolonging the big bang. It will come eventually...

I've read about 2014, I hope agencies will switch to EUR long before that or we'll all loose most of our money.

I'm sure they will find something more creative, such as delaying payments for days or even weeks and pay us when the rate is better for them, not for us!

John W. · « **Reply #10 on:** April 29, 2011, 10:36 »

I also kept my money on paypal for when the dollar would get stronger again. Unfortunately it only got weaker and weaker the last 6 months and I don't see it changing soon. Not liking the idea of alot of money on paypal I transferred it to my euro bank account. Wish it was possible to put the money on a dollar bank-account but paypal only accepts American dollar bank-accounts $:-\$

kingjon · « **Reply #11 on:** April 29, 2011, 11:20 »

I have a US bank account on a US bank (I'm in Canada). This allows me to get payed in US dollars and keep the money in that currency. I was lucky because a Canadian bank affiliated with the US bank set it up for me. Are there any banks in Europe with a presence in the US?

borg · « **Reply #12 on:** April 29, 2011, 11:32 »

Leave your money on Moneybookers or on Paypal if US dollar is your account currency and wait for a better time...
Probably next week will be better...

dk · « **Reply #13 on:** April 29, 2011, 11:34 »

It's only fair that european sites like fotolia and dreamstime start paying in euros.

lthn · « **Reply #14 on:** April 29, 2011, 11:49 »

Quote from: cthoman on April 29, 2011, 09:27

There is a solution. A dollar is still worth a dollar here.

I heard more and more shops accept euro in th USA, so....

velocicarpo · « **Reply #15 on:** April 29, 2011, 11:53 »

The Dollar will crash. No doubt. Even if you live in the US you will have to deal with a high inflation.
Personally I cannot understand why the stock companies stay in the US. IRS Problem, a weak Dollar etc.

michaeldb · « **Reply #16 on:** April 29, 2011, 13:16 »

Quote from: borg on April 29, 2011, 11:32

Leave your money on Moneybookers or on Paypal if US dollar is your account currency and wait for a better time...
Probably next will be better...

One potential problem with that is that Paypal can refuse you access to your own account at any time. They can do this if there is a problem with your account, even if it is not your fault. You might keep this in mind if there is a chance that you will need the Paypal money in a hurry.

I used to keep a lot of money in Paypal back when they paid some real interest, but I stopped when I learned that they can refuse people access to their accounts. Paypal is not a bank.

PeterChigmaroff · « **Reply #17 on:** April 29, 2011, 13:32 »

Quote from: cthoman on April 29, 2011, 09:27

There is a solution. A dollar is still worth a dollar here.

Not really especially when you start buying foreign goods or want to travel.

lthn · « **Reply #18 on:** April 29, 2011, 13:55 »

Quote from: michaeldb on April 29, 2011, 13:16

Quote from: borg on April 29, 2011, 11:32
Leave your money on Moneybookers or on Paypal if US dollar is your account currency and wait for a better time...
Probably next will be better...
One potential problem with that is that Paypal can refuse you access to your own account at any time. They can do this if there is a problem with your account, even if it is not your fault. You might keep this in mind if there is a chance that you will need the Paypal money in a hurry.

I used to keep a lot of money in Paypal back when they paid some real interest, but I stopped when I learned that they can refuse people access to their accounts. Paypal is not a bank.

Bank can refuse acces to your money anytime, its just something so far out and unbeleivable to most americans or europeans... but ask someone from argentina...

If the dollar collapses, millions of peple will be refused their money by the banks all over the world.

WarrenPrice · « **Reply #19 on:** April 29, 2011, 14:01 »

Quote from: lthn on April 29, 2011, 13:55

Quote from: michaeldb on April 29, 2011, 13:16
Quote from: borg on April 29, 2011, 11:32
Leave your money on Moneybookers or on Paypal if US dollar is your account currency and wait for a better time...
Probably next will be better...
One potential problem with that is that Paypal can refuse you access to your own account at any time. They can do this if there is a problem with your account, even if it is not your fault. You might keep this in mind if there is a chance that you will need the Paypal money in a hurry.

I used to keep a lot of money in Paypal back when they paid some real interest, but I stopped when I learned that they can refuse people access to their accounts. Paypal is not a bank.

Bank can refuse acces to your money anytime, its just something so far out and unbeleivable to most americans or europeans... but ask someone from argentina...

If the dollar collapses, millions of peple will be refused their money by the banks all over the world.

I think that happened in 1929.
But, if you believe everything you hear (or read), none of this will matter after December 2012.

velocicarpo · « **Reply #20 on:** April 29, 2011, 14:04 »

You are risking to lose all your money if you leave it in your paypal account. Read the Paypal Terms and conditions. They can and many times simply do refuse to pay you out. Paypal is not reliable.

luissantos84 · « **Reply #21 on:** April 29, 2011, 14:41 »

Quote from: velocicarpo on April 29, 2011, 14:04

Paypal is not reliable.

that´s a good one, so what shall we use? come on paypal is fine!!

Slovenian · « **Reply #22 on:** April 29, 2011, 14:48 »

I'm using moneybookers and I have their prepaid mastercard. So far so good.

cthoman · « **Reply #23 on:** April 29, 2011, 14:58 »

Quote from: luissantos84 on April 29, 2011, 14:41

that´s a good one, so what shall we use? come on paypal is fine!!

The sky is falling. Didn't you read it in the paper this morning?

Seriously though... it stinks when you're on the wrong side of currency fluctuations, but isn't that just part of doing global business? You've opened up all these markets with the internet that weren't available before. Whether you're getting paid in a strong dollar, weak dollar, euro; it's all money that wasn't available to you before.

luissantos84 · « **Reply #24 on:** April 29, 2011, 15:08 »

Quote from: cthoman on April 29, 2011, 14:58

Quote from: luissantos84 on April 29, 2011, 14:41
that´s a good one, so what shall we use? come on paypal is fine!!

The sky is falling. Didn't you read it in the paper this morning? Seriously though... it stinks when you're on the wrong side of currency fluctuations, but isn't that just part of doing global business? You've opened up all these markets with the internet that weren't available before. Whether you're getting paid in a strong dollar, weak dollar, euro; it's all money that wasn't available to you before.

RIGHT!

but doesn´t mean we need to get slammed at Paypal, at US currency and on agencies....!!

MicrostockGroup Sponsors

Author Topic: where is the $ heading?? (Read 43430 times)

luissantos84

lthn

sharpshot

leaf

click_click

Slovenian

cthoman

luissantos84

aeonf

microstockphoto.co.uk

John W.

kingjon

borg

dk

lthn

velocicarpo

michaeldb

PeterChigmaroff

lthn

WarrenPrice

velocicarpo

luissantos84

Slovenian

cthoman

luissantos84

Related Topics

Sponsors

Microstock Poll Results

Sponsors