$6,000,000,000,000 of helicopter money is coming

Vishnu.Reang

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Activity: 1974

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Quote from: Easteregg69 on September 26, 2021, 07:01:07 AM

Excess money goes in to new investment options.

I see no problem in inflation.

You probably don't have any savings. For those with savings, inflation is a big problem. Because whatever we get in the form of returns, a sizable chunk is taken away by the state in the form of capital gains tax. That means that after inflation is taken in to account, the net wealth actually decreases on a YoY basis. And the biggest joke is that now the governments want to make capital gains tax on par with income tax. That is going to be just ridiculous. For my part, I am planning to purchase more gold ETFs and coins, along with cryptocurrency.

Easteregg69

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Activity: 1478

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Quote from: Wind_FURY on July 11, 2020, 01:21:16 AM

Quote from: exstasie on July 10, 2020, 04:48:55 PM

Quote from: Wind_FURY on July 10, 2020, 02:08:20 AM

They don't accept Bitcoin as a back up/fall-back/opt-out mechanism, or as an alternative because "very volatile".

People have gotten used to the inorganic stability of fiat currencies, even if they are being slowly devalued. In a world that largely lives paycheck to paycheck and hand to mouth, we shouldn't be surprised at that. Day to day stability is the overriding concern for most people.

I'm not too concerned about these people. They are just laggards. They aren't the primary drivers of adoption. They will adopt BTC after the rest of society does.

By that time, the fundamentals underlying both fiat currencies and cryptocurrencies will likely have changed significantly. For example, it's possible that bouts of fiat hyperinflation would make fiat currencies "very volatile" when measured against ordinary goods and services. That is one way society may be forced to come to terms with BTC's instability, by recognizing that fiat stability comes at a great cost.

It's not "the people", it's the critics. What's laughable is, those critics are either nocoiners, gold bugs, or someone who doesn't HODL Bitcoin.

Bitcoin is on its path to price discovery. 21 million coins, 7 billion people.

Wholecoiner. People want whole coins. In general.

Easteregg69

sr. member

Activity: 1478

Merit: 264

Excess money goes in to new investment options.

I see no problem in inflation.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: exstasie on July 10, 2020, 04:48:55 PM

Quote from: Wind_FURY on July 10, 2020, 02:08:20 AM

They don't accept Bitcoin as a back up/fall-back/opt-out mechanism, or as an alternative because "very volatile".

People have gotten used to the inorganic stability of fiat currencies, even if they are being slowly devalued. In a world that largely lives paycheck to paycheck and hand to mouth, we shouldn't be surprised at that. Day to day stability is the overriding concern for most people.

I'm not too concerned about these people. They are just laggards. They aren't the primary drivers of adoption. They will adopt BTC after the rest of society does.

By that time, the fundamentals underlying both fiat currencies and cryptocurrencies will likely have changed significantly. For example, it's possible that bouts of fiat hyperinflation would make fiat currencies "very volatile" when measured against ordinary goods and services. That is one way society may be forced to come to terms with BTC's instability, by recognizing that fiat stability comes at a great cost.

It's not "the people", it's the critics. What's laughable is, those critics are either nocoiners, gold bugs, or someone who doesn't HODL Bitcoin.

Bitcoin is on its path to price discovery. 21 million coins, 7 billion people.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Wind_FURY on July 10, 2020, 02:08:20 AM

They don't accept Bitcoin as a back up/fall-back/opt-out mechanism, or as an alternative because "very volatile".

People have gotten used to the inorganic stability of fiat currencies, even if they are being slowly devalued. In a world that largely lives paycheck to paycheck and hand to mouth, we shouldn't be surprised at that. Day to day stability is the overriding concern for most people.

I'm not too concerned about these people. They are just laggards. They aren't the primary drivers of adoption. They will adopt BTC after the rest of society does.

By that time, the fundamentals underlying both fiat currencies and cryptocurrencies will likely have changed significantly. For example, it's possible that bouts of fiat hyperinflation would make fiat currencies "very volatile" when measured against ordinary goods and services. That is one way society may be forced to come to terms with BTC's instability, by recognizing that fiat stability comes at a great cost.

fillippone

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Quote from: Wind_FURY on July 10, 2020, 02:08:20 AM

Quote from: fillippone on July 09, 2020, 10:11:27 AM

Quote from: Wind_FURY on July 09, 2020, 04:39:39 AM

Quote from: AniviaBtc on July 09, 2020, 01:14:53 AM

I found HODLing very effective for 3 years until now, it makes me more comfortable with my assets to prevent losses when I make transactions that is not necessary. The future of bitcoin is unsure but if we help its promotion to become successful, then it is our success to see bitcoin adoption globally.

In terms of the website, the animation is quite good and it is really fun that as you move the button left and right it feels like you're just playing. But when we talk about the reality, as printing money becomes the only solution of every country, inflation will really occurs. This will cause another major problem in the economy.

I believe people living in Argentina are finding it out now, with hyper-inflation almost there in my opinion.

Don't listen to the anti-Bitcoin critics, it's GOOD to have a back up/fall-back once your government can't maintain the stability of the monetary system anymore.

Why wait to be in the brink of an hyperinflation to buy Bitcoin and protect yourself from losing your real purchasing power?
Act now.
Put 1% of your financial wealth in bitcoin , so that when USD go full Zimbawe you have an hedge.
This is why I bought bitcoin the first time I did it: as an insurance against the greed of governments.

That's what I tell everyone, but I believe some of the people don't agree. They don't accept Bitcoin as a back up/fall-back/opt-out mechanism, or as an alternative because "very volatile".

They are wrong for at least two reason: the deflationary Nature of bitcoin was a part of bitcoin design granted by the white paper. In addition to that they are probably wrong about the ultimate function of bitcoin. Look at Jameson Lopp pinned message, for example:

Quote

Bitcoin isn't a get rich quick scheme, it's a don't get poor slowly scheme.

https://twitter.com/lopp/status/1171847107243859968?s=21

Wind_FURY

legendary

Activity: 2898

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Quote from: fillippone on July 09, 2020, 10:11:27 AM

Quote from: Wind_FURY on July 09, 2020, 04:39:39 AM

Quote from: AniviaBtc on July 09, 2020, 01:14:53 AM

I found HODLing very effective for 3 years until now, it makes me more comfortable with my assets to prevent losses when I make transactions that is not necessary. The future of bitcoin is unsure but if we help its promotion to become successful, then it is our success to see bitcoin adoption globally.

In terms of the website, the animation is quite good and it is really fun that as you move the button left and right it feels like you're just playing. But when we talk about the reality, as printing money becomes the only solution of every country, inflation will really occurs. This will cause another major problem in the economy.

I believe people living in Argentina are finding it out now, with hyper-inflation almost there in my opinion.

Don't listen to the anti-Bitcoin critics, it's GOOD to have a back up/fall-back once your government can't maintain the stability of the monetary system anymore.

Why wait to be in the brink of an hyperinflation to buy Bitcoin and protect yourself from losing your real purchasing power?
Act now.
Put 1% of your financial wealth in bitcoin , so that when USD go full Zimbawe you have an hedge.
This is why I bought bitcoin the first time I did it: as an insurance against the greed of governments.

That's what I tell everyone, but I believe some of the people don't agree. They don't accept Bitcoin as a back up/fall-back/opt-out mechanism, or as an alternative because "very volatile".

CarnagexD

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Activity: 1498

Merit: 374

Leading Crypto Sports Betting & Casino Platform

Quote from: princesspoppy on July 08, 2020, 07:56:46 AM

So hopeful this will happen soon in the future. Saving is the best option we have now that inflation is happening or might happen anytime soon. Btc reaching that much price will be OMG and even with a little amount of satoshis will be a great blessing already. I just hope many people will see this chance and believe that everything may happen even the six digit value of bitcoin.

That's the reason why patience and control is what we need in order for our assets to become worth it. Hodling is what we need in order to prevent losses, but the opportunity to earn profit will become wasted but still there is a risk that's why you need to save your assets. As we are waiting for that to happen, we should help the mass adoption of bitcoin to become more popular.

We are all rooting for the bitcoin to become known globally, but still there are governments who are still against it. But I believe that sooner or later, or maybe in the future, bitcoin will be known as the best digital currency that people will rely on. That 6 digit value of bitcoin is not impossible as the people using bitcoin is increasing everyday.

Ibizugbe1

member

Activity: 272

Merit: 10

This generation and the ones to come will pay dearly for the dilution of the USD, this will negatively affect the economy of the world. Printing money to destroy the economy.

fillippone

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Activity: 2268

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Quote from: Wind_FURY on July 09, 2020, 04:39:39 AM

Quote from: AniviaBtc on July 09, 2020, 01:14:53 AM

I found HODLing very effective for 3 years until now, it makes me more comfortable with my assets to prevent losses when I make transactions that is not necessary. The future of bitcoin is unsure but if we help its promotion to become successful, then it is our success to see bitcoin adoption globally.

In terms of the website, the animation is quite good and it is really fun that as you move the button left and right it feels like you're just playing. But when we talk about the reality, as printing money becomes the only solution of every country, inflation will really occurs. This will cause another major problem in the economy.

I believe people living in Argentina are finding it out now, with hyper-inflation almost there in my opinion.

Don't listen to the anti-Bitcoin critics, it's GOOD to have a back up/fall-back once your government can't maintain the stability of the monetary system anymore.

Why wait to be in the brink of an hyperinflation to buy Bitcoin and protect yourself from losing your real purchasing power?
Act now.
Put 1% of your financial wealth in bitcoin , so that when USD go full Zimbawe you have an hedge.
This is why I bought bitcoin the first time I did it: as an insurance against the greed of governments.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: AniviaBtc on July 09, 2020, 01:14:53 AM

I found HODLing very effective for 3 years until now, it makes me more comfortable with my assets to prevent losses when I make transactions that is not necessary. The future of bitcoin is unsure but if we help its promotion to become successful, then it is our success to see bitcoin adoption globally.

In terms of the website, the animation is quite good and it is really fun that as you move the button left and right it feels like you're just playing. But when we talk about the reality, as printing money becomes the only solution of every country, inflation will really occurs. This will cause another major problem in the economy.

I believe people living in Argentina are finding it out now, with hyper-inflation almost there in my opinion.

Don't listen to the anti-Bitcoin critics, it's GOOD to have a back up/fall-back once your government can't maintain the stability of the monetary system anymore.

AniviaBtc

sr. member

Activity: 1120

Merit: 272

First 100% Liquid Stablecoin Backed by Gold

I found HODLing very effective for 3 years until now, it makes me more comfortable with my assets to prevent losses when I make transactions that is not necessary. The future of bitcoin is unsure but if we help its promotion to become successful, then it is our success to see bitcoin adoption globally.

In terms of the website, the animation is quite good and it is really fun that as you move the button left and right it feels like you're just playing. But when we talk about the reality, as printing money becomes the only solution of every country, inflation will really occurs. This will cause another major problem in the economy.

MCobian

full member

Activity: 1190

Merit: 117

The reason I trust Bitcoin more than the USD is because paper money will continue to be printed by the government. Which in the end
can be benefit for Bitcoin in the future, so I never stop collecting Bitcoin. I am sure in the future that has a lot of Bitcoin can be a rich person.
Although it can happen for a long time, we just need to be patient waiting.

exstasie

legendary

Activity: 1806

Merit: 1521

There is a growing consensus that more helicopter money (direct payments) is coming. The House already voted for a second round of $1,200 payments. Now Trump has hinted he wants even bigger payments:

Quote

“I do, I support it, but it has to be done properly,” Trump said when asked during a Fox Business Network interview at the White House whether he was in favor of sending another round of stimulus checks.

“I support actually larger numbers than the Democrats,” Trump added.

https://www.cnbc.com/2020/07/01/coronavirus-update-trump-says-he-supports-larger-payments-to-americans.html

The Senate Majority leader now concurs, and while he says he wants to limit it to those making $40K a year or less, the rhetoric coming from the White House and Democrats tells me that's just a bargaining position. https://www.nbcnews.com/politics/congress/mcconnell-opens-door-more-coronavirus-stimulus-checks-low-income-americans-n1233028

I take it most Americans will be getting another $1,200 direct payment, probably in August, as part of a larger final stimulus package. I'm guessing the bill passage will strongly boost the markets just like the CARES bill did in late March.

However I also wonder if there is room for a dump before then. Markets love to fit narratives. Stocks could give way to the growing fear about growing COVID-19 cases, creating a short term bear trap before another stimulus bill (and Fed QE) bails out the market again in late July or early August.

traderethereum

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Vave.com - Crypto Casino

Quote from: princesspoppy on July 08, 2020, 07:56:46 AM

So hopeful this will happen soon in the future. Saving is the best option we have now that inflation is happening or might happen anytime soon. Btc reaching that much price will be OMG and even with a little amount of satoshis will be a great blessing already. I just hope many people will see this chance and believe that everything may happen even the six digit value of bitcoin.

If people have 100k satoshi, they will have a lot of money if they sell their bitcoin.
But I don't think that it will be easy to earn bitcoin in many ways because that will turn to the difficult part to make money from bitcoin.
I will wait for that time, and I am sure people will also wait because they want to make a lot of money too.
So from now on, we should earn more and more bitcoin before it becomes difficult to earn bitcoin.
I am sure that we still have much time to work hard in many ways.

onrise

sr. member

Activity: 1512

Merit: 316

Quote from: princesspoppy on July 08, 2020, 07:56:46 AM

So hopeful this will happen soon in the future. Saving is the best option we have now that inflation is happening or might happen anytime soon. Btc reaching that much price will be OMG and even with a little amount of satoshis will be a great blessing already. I just hope many people will see this chance and believe that everything may happen even the six digit value of bitcoin.

Investing in bitcoin should always exists and whenever one gets an opportunity to accumulate on lower price should not be avoided if possible as the volatility in crypto is normal so there is a good chance that it can bounce back quickly and one can make some short term profits as well and also can be kept for the long term horizon say 3-5 years or so.

princesspoppy

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So hopeful this will happen soon in the future. Saving is the best option we have now that inflation is happening or might happen anytime soon. Btc reaching that much price will be OMG and even with a little amount of satoshis will be a great blessing already. I just hope many people will see this chance and believe that everything may happen even the six digit value of bitcoin.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: Finestream on June 30, 2020, 04:12:05 AM

Very nice, I hope you are right that it would happen in the future, while USD devalues, it could be a chance for bitcoin to rise.

Six figures look like a joke for the critics but there's a chance it would happen, imagine, by slowly saving bitcoin with a target of 1 btc, we would be one of the wealthiest people in the future.

It WILL happen, but it might take a longer time, or it might take a shorter time. Plus the critics criticize because they want to see it take a shorter time. OR they have already sold, often losing, and hope not to see what they first came to see.

fillippone

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Quote from: Finestream on June 30, 2020, 04:12:05 AM

Very nice, I hope you are right that it would happen in the future, while USD devalues, it could be a chance for bitcoin to rise.

Six figures look like a joke for the critics but there's a chance it would happen, imagine, by slowly saving bitcoin with a target of 1 btc, we would be one of the wealthiest people in the future.

I cannot feel joy for this scenario.
Sure, Bitcoin will be in the millions valuation. But how much will be a liter (or a gallon, I don't know how you deal with modern units of measure) of milk be worth? Or an ounce of gold?
Just remember that during hyperinflation, take Zimbawe as an example, stock market rallied a lot.
Not many happy people there.
Bitcoin is not about getting rich quickly scheme, is about avoiding getting poor slowly.

Finestream

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Activity: 3052

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Very nice, I hope you are right that it would happen in the future, while USD devalues, it could be a chance for bitcoin to rise.

Six figures look like a joke for the critics but there's a chance it would happen, imagine, by slowly saving bitcoin with a target of 1 btc, we would be one of the wealthiest people in the future.

Topic: $6,000,000,000,000 of helicopter money is coming (Read 836 times)