Australia will join money printers soon Good for btc - page 2.

Polo7

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Quote from: tbterryboy on August 09, 2020, 04:21:05 PM

Bitcoin is going up because there is more money in circulation nowadays and some of that money does end up in bitcoin and I am very fine with that, hopefully there would be more increases in bitcoin to make us richer.

However do not forget that there is also the fact that purchasing power goes down, so yeah maybe you had 100 dollars that became 120 dollars but the thing you could have bought for 100 dollars became 120 dollars as well, so you basically have the same purchasing power whereas you do not have the old amount of money but have more of it on bank account.

I don't know how great that is, I would prefer a method where the purchasing power increases and nations fiat are very strong, yet bitcoin is just stronger. I know that is rare and unlikely but that would have been awesome and perfect.

Wait for the Next Recession in 2030

This one is just a Walk in the park

tbterryboy

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Bitcoin is going up because there is more money in circulation nowadays and some of that money does end up in bitcoin and I am very fine with that, hopefully there would be more increases in bitcoin to make us richer.

However do not forget that there is also the fact that purchasing power goes down, so yeah maybe you had 100 dollars that became 120 dollars but the thing you could have bought for 100 dollars became 120 dollars as well, so you basically have the same purchasing power whereas you do not have the old amount of money but have more of it on bank account.

I don't know how great that is, I would prefer a method where the purchasing power increases and nations fiat are very strong, yet bitcoin is just stronger. I know that is rare and unlikely but that would have been awesome and perfect.

Polo7

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Quote from: AniviaBtc on August 09, 2020, 09:25:54 AM

Quote from: ?? on ??

There is no official statement or a link that brief the real news. We can't just believe on the words mentioned by a citizen of Australia.Why Australia is Printing Money ? This is what I got to read searching for the true information regarding the money printing in Australia during this pandemic.

I also looked for a source and I didn't found one, but if this really happens, bitcoin community will celebrate.

We will become resistant to inflation, if they print a lot of money, probably inflation will occur and the value of fiat will decrease. This is the thing that Australia could get on joining money printing like the other countries. but it is much better if you will provide the link where you have read that information so it will become more reliable.

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U Don't need to look Somewhere Else.
I Say I know

AniviaBtc

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Quote from: ?? on ??

There is no official statement or a link that brief the real news. We can't just believe on the words mentioned by a citizen of Australia.Why Australia is Printing Money ? This is what I got to read searching for the true information regarding the money printing in Australia during this pandemic.

I also looked for a source and I didn't found one, but if this really happens, bitcoin community will celebrate.

We will become resistant to inflation, if they print a lot of money, probably inflation will occur and the value of fiat will decrease. This is the thing that Australia could get on joining money printing like the other countries. but it is much better if you will provide the link where you have read that information so it will become more reliable.

crwth

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It's so funny that you included "Prrrrrrr.." I'm surprised that you even heard it, lol. I was just kidding.

I don't think the printing of money is for cryptocurrency sake, knowing that it's never going to be for that but the people who would be given that money "might" buy cryptocurrency from that, so it's possible for a small bullish run but not a lot, for sure. Maybe if there's a directly proportional factor for Printing money AND BTC, then there could be an even better possibility.

For now, let's just see, we are currently above the average price for around 30 days so, it's not wrong to speculate that it could even go higher.

Quote from: Polo7 on August 09, 2020, 08:01:05 AM

Fiat money will survive!!

Is there an instance where it wouldn't? It's not going anywhere for sure.

Polo7

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Quote from: tyz on August 09, 2020, 07:45:18 AM

Quote from: exstasie on August 09, 2020, 07:33:29 AM

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.

Fiat money will survive!!
It will be nasty surprise Once They rise Up the intrest rates

But by then there will be a lot less money in circlelation... So Everybody will be Looking at money but no body seems to have it lol 😀😀

It will be funny to watch how Everybody cry After coz Now Everybody will Reclessly spend this printed money on assets!
Asset sellers will laught at them and at the End They will hold a lot money.

And When intrest rates will Rise... No body Can't pay Back so it will be biggest bancrupty all over the World

BrewMaster

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There is trouble abrewing

that is not pushing the value up though. it is only pushing the price up and that doesn't mean much.

value of bitcoin has to rise which means if you can for example buy a cup of coffee with 43000 satoshis today you have to be able to buy the same cup of coffee with 31000 satoshi (or anything less than X).
but when they print money, the value of fiat is decreasing and a cup of coffee that was worth $5 for example would be worth $7 then and you still pay the same 43000 satoshis even if bitcoin is worth more against $$$.

tyz

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Quote from: exstasie on August 09, 2020, 07:33:29 AM

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.

exstasie

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Quote from: livingfree on August 09, 2020, 03:24:20 AM

I don't see any recent official news about the printing of money in Australia for the injection in their economy.

It's ongoing. The central bank launched an "unlimited" QE program months ago, not to mention the government's fiscal stimulus:

Quote from: AmoreJaz on August 09, 2020, 05:08:15 AM

and even if they are printing more money, what's the connection with bitcoin as what the OP is trying to connect here?

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.

Polo7

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Quote from: Darker45 on August 09, 2020, 07:14:51 AM

Quote from: AmoreJaz on August 09, 2020, 05:08:15 AM

Quote from: Darker45 on August 09, 2020, 02:20:20 AM

Every single country will have to do some printing of money out of thin air during this pandemic. There is no exception. They are doing that without a pandemic so there are actually more reasons, more urgent ones as well, to do that now.

The Reserve Bank of Australia (RBA) is doing what other countries' central banks are doing. And they have confirmed that.^[1]

[1] https://www.abc.net.au/news/2020-04-07/coronavirus-economy-printing-money/12125816

and even if they are printing more money, what's the connection with bitcoin as what the OP is trying to connect here? not many people are into crypto, though the adoption is increasing but this printing of money doesnt directly translate to the performance level of bitcoin. everyone just want to correlate with crypto market even if it isnt. they have more important things to accommodate than buying crypto in times of crisis.

Because of the typical assumption that printing more economically-unsupported money will devalue it, the faster the seemingly indiscriminate printing goes the faster the devaluation takes place. And this is supposed to be beneficial to Bitcoin being a form of money, a fiat alternative, whose features basically counter this integral fiat characteristic.

However, as you said, not that many people are into crypto for now so this printing of money out of thin air by all the central banks around the world does not necessarily translate into people resorting to keep their money's worth in Bitcoin.

Quote from: Polo7 on August 09, 2020, 07:13:24 AM

Ahhhaaa...
Australia is Not rich its just built Up with printed money lol...

Australia is one of the richest countries in the world.

Yes rich coz They are one of the biggest printers...

Darker45

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Quote from: AmoreJaz on August 09, 2020, 05:08:15 AM

Quote from: Darker45 on August 09, 2020, 02:20:20 AM

Every single country will have to do some printing of money out of thin air during this pandemic. There is no exception. They are doing that without a pandemic so there are actually more reasons, more urgent ones as well, to do that now.

The Reserve Bank of Australia (RBA) is doing what other countries' central banks are doing. And they have confirmed that.^[1]

[1] https://www.abc.net.au/news/2020-04-07/coronavirus-economy-printing-money/12125816

and even if they are printing more money, what's the connection with bitcoin as what the OP is trying to connect here? not many people are into crypto, though the adoption is increasing but this printing of money doesnt directly translate to the performance level of bitcoin. everyone just want to correlate with crypto market even if it isnt. they have more important things to accommodate than buying crypto in times of crisis.

Because of the typical assumption that printing more economically-unsupported money will devalue it, the faster the seemingly indiscriminate printing goes the faster the devaluation takes place. And this is supposed to be beneficial to Bitcoin being a form of money, a fiat alternative, whose features basically counter this integral fiat characteristic.

However, as you said, not that many people are into crypto for now so this printing of money out of thin air by all the central banks around the world does not necessarily translate into people resorting to keep their money's worth in Bitcoin.

Quote from: Polo7 on August 09, 2020, 07:13:24 AM

Ahhhaaa...
Australia is Not rich its just built Up with printed money lol...

Australia is one of the richest countries in the world.

Polo7

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Ahhhaaa...
Australia is Not rich its just built Up with printed money lol...
Its a debt huge debt but im sure au will make printing record lol.... They been always one of the biggest printers..... I Don't Know If USA is bigger lol.... But Australia is one of the biggest printers Around the World

For me this world is funny Everything is so fake and phony in this world

Oasisman

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Quote from: AmoreJaz on August 09, 2020, 05:08:15 AM

Quote from: Darker45 on August 09, 2020, 02:20:20 AM

~snip~

and even if they are printing more money, what's the connection with bitcoin as what the OP is trying to connect here? not many people are into crypto, though the adoption is increasing but this printing of money doesnt directly translate to the performance level of bitcoin. everyone just want to correlate with crypto market even if it isnt. they have more important things to accommodate than buying crypto in times of crisis.

He's one of those who believed that a lot of people in the USA who bought Btc during the 1st stimulus checks, since Btc showed a good rise during that time.
This printing of money would never do good from both the economy and crypto space IMO.
Our government made a lot of fee adjustments increasing the basic necessary documents like driver's license, insurance benefits, and others to cope up with the economic downturn instead of printing excessive money.

tyz

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Quote from: ?? on ??

There is no official statement or a link that brief the real news. We can't just believe on the words mentioned by a citizen of Australia.Why Australia is Printing Money ? This is what I got to read searching for the true information regarding the money printing in Australia during this pandemic.

There is no official announcement of this so far, that is correct. But the news [1] of the last few days lead to the conclusion that more money will be printed in Australia soon. The central bank has no choice in the economic situation but to weaken the currency. If everyone is printing like crazy (FED, ECB, BoJ, BoE...), then even the most steadfast will eventually give in. Sad but true.

[1] https://www.marketwatch.com/story/australias-central-bank-lays-out-grim-scenario-2020-08-07

AmoreJaz

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Quote from: Darker45 on August 09, 2020, 02:20:20 AM

Every single country will have to do some printing of money out of thin air during this pandemic. There is no exception. They are doing that without a pandemic so there are actually more reasons, more urgent ones as well, to do that now.

The Reserve Bank of Australia (RBA) is doing what other countries' central banks are doing. And they have confirmed that.^[1]

[1] https://www.abc.net.au/news/2020-04-07/coronavirus-economy-printing-money/12125816

and even if they are printing more money, what's the connection with bitcoin as what the OP is trying to connect here? not many people are into crypto, though the adoption is increasing but this printing of money doesnt directly translate to the performance level of bitcoin. everyone just want to correlate with crypto market even if it isnt. they have more important things to accommodate than buying crypto in times of crisis.

livingfree

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I don't see any recent official news about the printing of money in Australia for the injection in their economy.

The most news about an injection that I've seen was months away. But just like any other country that's affected by the covid19, they have no choice but also to inject money for their economy.

Darker45

legendary

Activity: 2576

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Every single country will have to do some printing of money out of thin air during this pandemic. There is no exception. They are doing that without a pandemic so there are actually more reasons, more urgent ones as well, to do that now.

The Reserve Bank of Australia (RBA) is doing what other countries' central banks are doing. And they have confirmed that.^[1]

[1] https://www.abc.net.au/news/2020-04-07/coronavirus-economy-printing-money/12125816

Polo7

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Quote from: ?? on ??

Quote from: Polo7 on August 08, 2020, 06:10:00 PM

Someone from au Told me Australia will make big printing... Will join with top printers uk and USA and europe....
Money printers goes.. Prrrrrrrrrr...

Good for btc Now there is a lot money to push Up btc... Think about Person in europe Can enjoy the funds from au USA and uk If u are btc holder u Can Get funds from many countries

Australia will flood the streets with big chunk of money Nice one!!

There is no official statement or a link that brief the real news. We can't just believe on the words mentioned by a citizen of Australia.Why Australia is Printing Money ? This is what I got to read searching for the true information regarding the money printing in Australia during this pandemic.

I Say That's how is

Poker Player

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The title of the post makes no sense. Australia is already printing money: https://debtclock.com.au/

I guess what OP is trying to say is that Australia is going to print way more money due to the pandemic but they are already in the creating money out of thin air game.

Apart from that, his statement is not backed by sources, as @Yoguee said.

Yogee

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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

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