Are Bitcoin & Altercoin under attack by FIAT ?

RoommateAgreement

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Bazinga!

Quote from: Heruur on May 21, 2017, 04:40:55 PM

The market cap has doubled in less than 1 month to reach 72b$ since Japan has legalized the status of Bitcoin, which produces a high injection of FIAT liquidity. What do you think of this situation ?

Are Banks injecting unlimited FIAT to control limited cryptocurrencies Huh

Is the sign of a next financial crisis ?

haha, if they attack like this we will soon replace their system with bitcoin Cheesy

but no, you are overthinking things. bitcoin is growing because as you said Japan legalized it and that led to a massive increase in Japanese volume rushing to buy bitcoin and the rest of the world has been reacting to the news too. they are also buying bitcoin and a couple of other countries are taking the same legalizing path.

and as for altcoins, this happens almost every year when they get pumped and take a lot of money from bitcoin invesstors not anybody from outside, and go up a lot into bubbles. and then they pop and die slowly until next pump round.

Wind_FURY

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OP, I hope they keep "attacking" with all their fiat. They can print more if they want and do a nonstop attack forever if the want. Grin

prashanta

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Any thing can be happen, to be good or bad worse things to be under attack by.
whatever, hopefully we wont want to see such kind of incident that's it.

noictib

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One of the world's leading Bitcoin-powered casinos

Quote from: Heruur on May 21, 2017, 04:40:55 PM

The market cap has doubled in less than 1 month to reach 72b$ since Japan has legalized the status of Bitcoin, which produces a high injection of FIAT liquidity. What do you think of this situation ?

Are Banks injecting unlimited FIAT to control limited cryptocurrencies Huh

Is the sign of a next financial crisis ?

Since your question seems to be simple but answer is really complicated and also a big factor for the economical growth of the country where the most of the people like to have Bitcoin or altcoin instead of the fiat ( local currency of his own country) .
Here two main factor are against our eye .
First is people accepting the Bitcoin or another cryprocurrency , because they are making profit , but here the second factor is that due to accepting the crypto. The value of the fiat is going down , so here a big competition in the Bitcoin and fiat arise in the countries like Japan .
Well here we will hope that we accept and use everything with controlled amount , so that the growth of the every field remain same and growth atleast constantly .

7788bitcoin

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Quote from: Heruur on May 21, 2017, 04:40:55 PM

The market cap has doubled in less than 1 month to reach 72b$ since Japan has legalized the status of Bitcoin, which produces a high injection of FIAT liquidity. What do you think of this situation ?

Are Banks injecting unlimited FIAT to control limited cryptocurrencies Huh

Is the sign of a next financial crisis ?

Although we are seeing a fast increase in cryptocurrency prices, the total value is still very very tiny compared to fiat or other assets. I think banks are aware of this, but this is still not enough to threaten their position.

Pearls Before Swine

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What do you mean by "high injection of fiat liquidity"? That sounds like finance gobbledygook if you ask me. Agree with imhash, if only financial crises could be this sweet. This is gravy, man. But my guess is it's the low interest rates that are prompting people to borrow money to buy crypto with. And that doesn't usually end well.

ImHash

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I wish all the financial crisis were this good and filled with money, this is the opposite of a crisis and this called growth, some might call it bubble and some might call it pump while others call it the start of a mass adoption, if Japan started to accept bitcoin as currency then it was only the matter of time for their people to get to know crypto in general and start investing by seeing the massive potentials waiting to go wild.
Yes if you didn't know what mainstream is like, this is it, just hope miners notice it as well. Now is like the time when you are about to go on a live show while millions watching you but bitcoin is acting like a person in panic and shy to go in front of the audience.

BayAreaCoins

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There are worse things to be under attack by... Roll Eyes

Heruur

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The market cap has doubled in less than 1 month to reach 72b$ since Japan has legalized the status of Bitcoin, which produces a high injection of FIAT liquidity. What do you think of this situation ?

Are Banks injecting unlimited FIAT to control limited cryptocurrencies Huh

Is the sign of a next financial crisis ?

Topic: Are Bitcoin & Altercoin under attack by FIAT ? (Read 681 times)