The 'Great' British Pound

[Patrick3]

Right,

So the people of the UK voted mid-2016 to vote the European Union. So far it has been a mess with parliament voting a no no-deal brexit and rejecting May's deals. Now we have 2 brick heads competing for PM and they promised to crash-out of the EU on Oct 31st, 2019 whether there is a deal or not.

In 2016, the value of the pound crashed following the decision to the leave the EU...

If the UK crashes out, which it probably will or in the unlikely event Brexit is cancelled, the value of the pound is going to crash another time. Trading on this forum in GBP is no longer viable. I am currently debating trading in either USD or EUR, what do you people suggest?

 

[Patrick3]

everyone uses USD so why don't you just use that?

just a friendly reminder that USD going up affects that scale as well as GBP going down

I live in the UK so I thought using GBP would be appropriate. Probably will switch to USD and hold the money in PP.

 

[Chearful]

I live in the UK so I thought using GBP would be appropriate. Probably will switch to USD and hold the money in PP.

i live in the uk and i use usd for everything
when im buying irl shit i even convert the price to usd now lol

 

[Patrick3]

i live in the uk and i use usd for everything
when im buying irl shit i even convert the price to usd now lol

I was thinking of depostting my saved money in PP from my bank account and convert to USD. However, the PP currency rates are horrible.

 

[Zyger]

Buy up BTC when it crashes!

 

[Patrick3]

Doing transactions in USD - Good Idea
Hold money in PP - Terrible Idea

I personally believe brexit will never happen.

It will either crash out or never happen. If it doesn't happen, the slobs with 0 qualifications and no jobs will participate in protests outside parliament.

 

[Zyger]

It's like area 51. By the time September 20th comes half the people will probably have forgotten and the internet will have a new meme.
It's going to keep slowly fading out then get called off

It wouldn't get called off, because it's not serious to start with

 

[Red]

Buy up BTC when it crashes!

And when will that happen, mister bitcoin master? (not trying to sarcastic, I just genuinely think you’re the type of guy to know about this lol)

 

[Zyger]

And when will that happen, mister bitcoin master? (not trying to sarcastic, I just genuinely think you’re the type of guy to know about this lol)

Approximately 98 days

 

[NJ_]

I'm UK and I use USD or BTC for everything. For one it means if u use US VPN u don't pay vat on some shit, and the dollar seems to be doing really well under the Trump administration. Of course the pound will drop. With uncertainty, currency always dips, note a 10% is not a crash, and absolutely 0 policy was passed surrounding the EU on that date, so I don't really understand how that proves the pound will "crash" upon Brexit given that, again upon Brexit there will be 0 economic change as all EU laws will immediately apply to the UK upon the withdrawal.

As for your question, I'd recommend USD over EUR, purely because most people trade in USD on such forums, however I'd recommend BTC over both.

 

[Glove]

USD even though its not backed by anything is the currency I can recommend most