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Topic: Australia will join money printers soon Good for btc (Read 529 times)
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Calm down now, I guess OP is just having a misconception. Maybe he is overwhelmed by the fact that btc is decentralized and the banking systems are the opposite thus thinking that they are not connected to one another at all. We should always remember that we are not living in a cashless society (at least for now), btc and every crypto's value are still based on the conventional fiat. Well, let's just understand him and let him realized everything. So this is not a problem of OP, but a problem for the entire nuclear crypto society as a whole (as far as I can tell).
The author is not the first and not the last with such thoughts and words that he spread here. But then they go to their friends and complain to each other that " damn me again was poured with shit but I were right(((".
I don't even really understand how people with such naivety and such knowledge of the basics of the economy could even go online, so sometimes there are epic posts from them.
While this is good news for btc it will take a long time for australians to do so because most people are able to use crypto as a currency. It takes a long time to make sense many countries do not yet support crypto as they see it as illegal which is possible if the government intervenes it will depend on the government of that country how it will control. I think banks will gradually introduce cryptocurrencies if money is converted.
Good for btc Now there is a lot money to push Up btc...
I think that act of printing money can only benefit btc if the government is giving some palliatives to the people or give it out as very soft loan. If money is printed and not well checked, it can become another problem.
Hay mucha información al respecto, el problema sigue siendo las fuentes y no hay mucho que se pueda hacer al respecto.
Sin embargo, gracias a los metodos para aprender a estudiar se puede diferenciar aquella informacion que vale la pena y otras que no, si estas interesado puedes hacer clic aquí: http://tecnicasdestudiotop.com/aprender-a-estudiar/
Saludos.
Sin embargo, gracias a los metodos para aprender a estudiar se puede diferenciar aquella informacion que vale la pena y otras que no, si estas interesado puedes hacer clic aquí: http://tecnicasdestudiotop.com/aprender-a-estudiar/
Saludos.
Unless that someone can provide a link to the official statement from the AU government, think of his statement as mere speculation. The Australian Reserve Bank governor already said in a speech just last month that he opposes printing more money during this pandemic. https://cointelegraph.com/news/australian-reserve-bank-blasts-money-printing-theres-no-free-lunch
Thanks for giving this link. I was also thinking the same. Someone is speculating but not based on solid source/information. This pandemic will cause inflation through out the world which is for sure.
[snip]
Calm down now, I guess OP is just having a misconception. Maybe he is overwhelmed by the fact that btc is decentralized and the banking systems are the opposite thus thinking that they are not connected to one another at all. We should always remember that we are not living in a cashless society (at least for now), btc and every crypto's value are still based on the conventional fiat. Well, let's just understand him and let him realized everything.
What happens if I tell you one simple truth? The more money in the M2 supply the less money value.
The scheme is outrageously simple so watch your hands!
We print a lot of money > money is getting cheaper because of inflation
The higher the inflation, the cheaper the money
The cheaper the Fiat money , the cheaper the cryptocurrency.
Do you seriously think that having $1,000 and $100,000 is a big difference? This is a big difference if the total amount of money issued is the same for both amounts.
And when you turn on the printer machine, yesterday's $1000 turns into today's $100,000, but their value does not change. That yesterday you could buy one iPhone for 1000 that today you will buy one iPhone for 100,000.
Do you really not see a direct connection between the fiat economy and the cryptocurrency - in the form in which it is now?
The scheme is outrageously simple so watch your hands!
We print a lot of money > money is getting cheaper because of inflation
The higher the inflation, the cheaper the money
The cheaper the Fiat money , the cheaper the cryptocurrency.
Do you seriously think that having $1,000 and $100,000 is a big difference? This is a big difference if the total amount of money issued is the same for both amounts.
And when you turn on the printer machine, yesterday's $1000 turns into today's $100,000, but their value does not change. That yesterday you could buy one iPhone for 1000 that today you will buy one iPhone for 100,000.
Do you really not see a direct connection between the fiat economy and the cryptocurrency - in the form in which it is now?
We are not sure if the money that will be printed by the government has 100% chance of getting invested into the crypto currencies. I mean who says that anyway?
It could be primarily used for healthcare stuff like emergency tools, ambulance, increased medical staff. There is race for vaccine development so I believe that this will also be used for R&D purposes.
I think we are in the crypto space on daily basis and due to this people has got tendency to relate everything that is happening outside the forum to crypto currencies. Come on guys we can do better and share better co-relations inhere.
Indeed. How can someone be so sure that every printed money that created or ordered by the Australian government would only be invested into cryptocurrencies because government would just used these printed money on building establishments, invest in technology and education, and to provide goods and services. It could be primarily used for healthcare stuff like emergency tools, ambulance, increased medical staff. There is race for vaccine development so I believe that this will also be used for R&D purposes.
I think we are in the crypto space on daily basis and due to this people has got tendency to relate everything that is happening outside the forum to crypto currencies. Come on guys we can do better and share better co-relations inhere.
We are not sure if the money that will be printed by the government has 100% chance of getting invested into the crypto currencies. I mean who says that anyway?
It could be primarily used for healthcare stuff like emergency tools, ambulance, increased medical staff. There is race for vaccine development so I believe that this will also be used for R&D purposes.
I think we are in the crypto space on daily basis and due to this people has got tendency to relate everything that is happening outside the forum to crypto currencies. Come on guys we can do better and share better co-relations inhere.
It could be primarily used for healthcare stuff like emergency tools, ambulance, increased medical staff. There is race for vaccine development so I believe that this will also be used for R&D purposes.
I think we are in the crypto space on daily basis and due to this people has got tendency to relate everything that is happening outside the forum to crypto currencies. Come on guys we can do better and share better co-relations inhere.
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Wait for the Next Recession in 2030
Recession has been happening for alot longer then just this virus term, if we account for inflation correctly in that the unit of money is worth less as more is produced and GDP does not keep up then the rate of inflation exceeds the rate of growth or a negative GDP which is recession and thats been true a long time as FED and many other central banks such as ECB have not been able to stabilize their markets and retract QE programs. None of this is clear just yet as QE has not ended, at some point natural effects outweight anything government can do and we will see the true extent of damage to the economy.
They're going to have to print money because the US and other countries are doing it, the amount of money in circulation is greater and they will manipulate the exchange rate and then they will buy back the whole world. That's how they've been doing it for the 10 years since the 2008 recession hit. That is also the reason that the rich continue to get rich quickly.
Guys but I was right au will print huge Money Now 
They announced this and knew it
They announced this
and knew it
What some people don’t seem to realize is that as time goes on the fiat will depreciate and Bitcoin will keep increasing in value, it will soon reach a level that is far bigger than the price we have right now. It’s all about patience, though I do know that there are people who know this, but they can’t have the patience due to one situation and the other. The price of cryptocurrencies did well in recent times, more than I expected this month, I wasn’t expecting it to get passed the $9000, just woke up and checked it was already $11,800. It can become stable now and before you know it, maybe the next month, it starts to move up again.
Stocks, gold and other precious metals, BTC.....everything is pumping together right now. Haven't you noticed? It's no coincidence. All the money printing and fiscal stimulus is pumping up risk asset markets.
Plus interest rates are at or near zero, so that certainly doesn't deter people from trading any of those assets on margin--and the more margin buying there is, the more inflated the prices get. Just wait until governments decide to increase interest rates; I'd expect everything to plummet, and quick. Even rumors of an interest rate hike could cause a massive selloff. Although OP didn't provide a link to back up what he's claiming, Darker45 did (though I haven't read it yet) and let's assume it's true that Australia is following in the footsteps of the US Federal Reserve and is printing money all day and night. That would indeed be a good thing for bitcoin, but overall it isn't good for a lot of other things and I hope Australia doesn't go haywire like the US did and continues to do.
By the way, this is why a lot of people consider bitcoin (and gold/silver) to be real money: you can't just create it out of thin air, at will, forever. There's a limit to how much bitcoin will ever exist, and it isn't under the control of idiotic governments with shit-for-brains economists running the money system. I watched a pretty good Youtube video recently that kind of sums it up. It's worth a watch.
As we have seen everytime if there is a country (especially US government) who printed a lot of money for their stimulus then we will see a huge increase for bitcoin and also altcoin.
This could be happen for Australia, I think there are a lot of people who has been aware against bitcoin and they know how promising it is. Moreover, in the current situation where bitcoin has a good sentiment market there will be easy to attract new people to invest in it.
This could be happen for Australia, I think there are a lot of people who has been aware against bitcoin and they know how promising it is. Moreover, in the current situation where bitcoin has a good sentiment market there will be easy to attract new people to invest in it.
Well, the leader in Australia is an idiot as well, I still remember the time when Australia was on fire and dude went to some other nation for a trip and when he came back he had the audacity to go check the people who were affected by the fires, and I remember clearly how everyone there was like "f off mate" to him because dude wasn't around and didn't care during the worst part of it and just came back and checked when it was almost over or at least over on that specific region.
I still can't believe that they elected someone like him who wouldn't care when his nation is literally on fire. So, that means he wouldn't care about printing money as well, he would print and give some to his friends probably to save them, and wouldn't care long term effects of printing money at all.
I still can't believe that they elected someone like him who wouldn't care when his nation is literally on fire. So, that means he wouldn't care about printing money as well, he would print and give some to his friends probably to save them, and wouldn't care long term effects of printing money at all.
I don't know whether the information you get is reliable or not, for sure if it is true it turns out that Australia
prints a lot of money then bad things will happen and the effects can occur in the future. Regarding printing a lot
of money can increase the price of Bitcoin, still not proven the truth. It shouldn't be good either for Fiat or Bitcoin.
prints a lot of money then bad things will happen and the effects can occur in the future. Regarding printing a lot
of money can increase the price of Bitcoin, still not proven the truth. It shouldn't be good either for Fiat or Bitcoin.
Stocks, gold and other precious metals, BTC.....everything is pumping together right now. Haven't you noticed? It's no coincidence. All the money printing and fiscal stimulus is pumping up risk asset markets.
Not only those mentioned. Also real estate is pumping, at least in Europe. Art also reaches new record prices in various auctions. It's ridiculous. We are in a worldwide economic crisis that is as severe as it was in the 1920s, and yet asset prices are rising. Fiat money is doomed.
I actually wrote "real estate" in there originally but when I checked a bunch of random large cap REIT charts, they are still way down for the year, unlike the other assets mentioned.
What markets do you watch to gauge real estate?
I suppose the overall market would be a mixed bag right now, depending on region and property type. There is an ongoing exodus from urban locales to suburban ones. Real estate should be down in tourist destinations and college towns. Commercial property too, considering the move towards remote working. I think suburban and rural residential markets are doing well though.
If Something is Down its a Temporary Down
The money what will be Going in all over the World will be very big.
Prices will rise definately everywhere
Stocks, gold and other precious metals, BTC.....everything is pumping together right now. Haven't you noticed? It's no coincidence. All the money printing and fiscal stimulus is pumping up risk asset markets.
Not only those mentioned. Also real estate is pumping, at least in Europe. Art also reaches new record prices in various auctions. It's ridiculous. We are in a worldwide economic crisis that is as severe as it was in the 1920s, and yet asset prices are rising. Fiat money is doomed.
I actually wrote "real estate" in there originally but when I checked a bunch of random large cap REIT charts, they are still way down for the year, unlike the other assets mentioned.
What markets do you watch to gauge real estate?
I suppose the overall market would be a mixed bag right now, depending on region and property type. There is an ongoing exodus from urban locales to suburban ones. Real estate should be down in tourist destinations and college towns. Commercial property too, considering the move towards remote working. I think suburban and rural residential markets are doing well though.
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