biden goverment have 2 ways to go fed printing money ways

Vishnu.Reang

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Quote from: Kakmakr on December 19, 2020, 02:33:10 AM

The Federal reserve is not printing money to help Bitcoin ..... they print money to stimulate a weak US economy and to get people to kick start the retail industry. They print more money and it just devalue the buying power of their Fiat currency...and this is why the investors and traders of Forex trading are turning to Crypto currencies as a better investment option. Wink

The general public will also see this problem and they will also slowly turn to Crypto currencies in the future... so just let them do what they do and let that benefit Bitcoin. Wink

Despite printing so much money, the purchasing power of US Dollar has remained more or less constant. So your argument makes no sense. As long as there is no significant decline in the purchasing power, the common people are not going to bother. They are not interested in how much money is getting printed everyday. Also, the inflation rate has remained stable and the price of other commodities such as crude oil and gold have remained more or less constant.

Kakmakr

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The Federal reserve is not printing money to help Bitcoin ..... they print money to stimulate a weak US economy and to get people to kick start the retail industry. They print more money and it just devalue the buying power of their Fiat currency...and this is why the investors and traders of Forex trading are turning to Crypto currencies as a better investment option. Wink

The general public will also see this problem and they will also slowly turn to Crypto currencies in the future... so just let them do what they do and let that benefit Bitcoin. Wink

bits4books

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Crypto is not a religion but i like it

Quote from: exstasie on December 18, 2020, 02:23:33 PM

Quote from: bits4books on December 18, 2020, 10:45:29 AM

Quote from: exstasie on December 17, 2020, 08:08:12 PM

Quote from: bits4books on December 17, 2020, 08:58:37 AM

Here is a paradox - the more btc will grow in price, the cheaper the dollar will become, because due to the increasing popularity, the printer will have to work more and more. This is very bad, think about it. Look at Venezuela and say: is it good for them when BTC is worth an infinite number of bolivars or not?

I get what you're saying, but it seems disingenuous to compare a hyperinflating bolivar to a slowly inflating dollar. Apples and oranges.

I'm not convinced of the dollar doomsday theories that many gold bugs and BTC bugs are so fond of. I'm quite confident that BTC is going to the moon though. I see the two as negatively correlated, but I don't think USD devaluation is necessarily a significant causal factor for Bitcoin's rise.

I just point out that no matter how much BTC costs - if it costs 22k today and you can buy almost an entire Tesla, then in a week the dollar will catch up with such ups and you will not buy a Tesla anymore.

In a week? No.

More to the point, what you're saying applies to the dollar and not to BTC. BTC's gains blow inflation out of the water by many orders of magnitude.

Use other assets as a base pair instead of USD. BTC is rising against everything. That means it's rising in value, not just in dollars.

Quote from: bits4books on December 18, 2020, 10:45:29 AM

The real value of money is not tomorrow and not in 10 years, but today. And really the real value is that you can buy today what tomorrow will cost, in terms of return profit, as much as today. And I am very unsure that if I received 21k on BTC today, then in a year these 21k will be enough for me at least for a month. That's the point.

Maybe you should hold BTC instead of selling it for cash and sitting on it? Especially if you're so concerned about hyperinflation.

But no one, including you, wants to pay with BTC and not look back at the exchange rate of fiat currencies.
Come today to any place where cryptocurrencies are accepted for payment - there will be prices in accordance with the exchange rate and not just 0.01 ETH for a cup of coffee without looking at other currencies. Is not it so? And you yourself are interested in the price of cryptocurrency in dollars and not as an equivalent of the cost of goods/services.
If BTC was not tied to the dollar, it would not cost anything and would not be needed by anyone.

Twentyonepaylots

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I don't see how this should be the case, printing more money won't make up for inflation, it actually worsens it, so I don't see why you should print more, and as far as I know Trump already printed too much money during his stay to stop recession caused by the pandemic. There is a sweet spot in the mjddle that when kept will ensure a delicate balance between the two, thst is what they should focus on.

Quote from: zasad@ on December 18, 2020, 11:24:16 AM

"The Congressional Budget Office predicts that the budget deficit will be $ 3.3 trillion by the end of this fiscal year. Thus, the US budget deficit will become "the largest since 1945", equal to 16.0% of GDP. In fiscal 2019, the budget deficit was $ 984 billion."
https://tass.ru/ekonomika/9405153
The American government is spending a lot of money. The economy cannot earn that much.
Therefore, more dollars will be printed every year, which will finally undermine the credibility of this currency.
Therefore, a new question about a new world currency will soon arise.

And its not like they want yhis to happen anyway, the pandemic severely struck the country's economy and it may take a long time for it to recover, and knowing the fact that a lot of countries depend on the USD's value, this is going to cause some serious problems.

Fortify

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Seems like a bit of a silly initial idea, they don't have to go very big or go very small, there is the whole spectrum in between. The American economy is flooded with cash at the moment, because Trump wanted to throw money to stop a possible recession caused by Covid before the election and at some point the taps will have to be turned off. Unfortunately it is very easy to print more money, but fiscal discipline and correct economic practices tend to be boring. Plus they take a lot of self restraint, which in the current world of "I want gratification and I deserve it right now" mentality is an almost impossible sell by politicians.

exstasie

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Quote from: bits4books on December 18, 2020, 10:45:29 AM

Quote from: exstasie on December 17, 2020, 08:08:12 PM

Quote from: bits4books on December 17, 2020, 08:58:37 AM

Here is a paradox - the more btc will grow in price, the cheaper the dollar will become, because due to the increasing popularity, the printer will have to work more and more. This is very bad, think about it. Look at Venezuela and say: is it good for them when BTC is worth an infinite number of bolivars or not?

I get what you're saying, but it seems disingenuous to compare a hyperinflating bolivar to a slowly inflating dollar. Apples and oranges.

I'm not convinced of the dollar doomsday theories that many gold bugs and BTC bugs are so fond of. I'm quite confident that BTC is going to the moon though. I see the two as negatively correlated, but I don't think USD devaluation is necessarily a significant causal factor for Bitcoin's rise.

I just point out that no matter how much BTC costs - if it costs 22k today and you can buy almost an entire Tesla, then in a week the dollar will catch up with such ups and you will not buy a Tesla anymore.

In a week? No.

More to the point, what you're saying applies to the dollar and not to BTC. BTC's gains blow inflation out of the water by many orders of magnitude.

Use other assets as a base pair instead of USD. BTC is rising against everything. That means it's rising in value, not just in dollars.

Quote from: bits4books on December 18, 2020, 10:45:29 AM

The real value of money is not tomorrow and not in 10 years, but today. And really the real value is that you can buy today what tomorrow will cost, in terms of return profit, as much as today. And I am very unsure that if I received 21k on BTC today, then in a year these 21k will be enough for me at least for a month. That's the point.

Maybe you should hold BTC instead of selling it for cash and sitting on it? Especially if you're so concerned about hyperinflation.

zasad@

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"The Congressional Budget Office predicts that the budget deficit will be $ 3.3 trillion by the end of this fiscal year. Thus, the US budget deficit will become "the largest since 1945", equal to 16.0% of GDP. In fiscal 2019, the budget deficit was $ 984 billion."
https://tass.ru/ekonomika/9405153
The American government is spending a lot of money. The economy cannot earn that much.
Therefore, more dollars will be printed every year, which will finally undermine the credibility of this currency.
Therefore, a new question about a new world currency will soon arise.

bits4books

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Crypto is not a religion but i like it

Quote from: exstasie on December 17, 2020, 08:08:12 PM

Quote from: bits4books on December 17, 2020, 08:58:37 AM

Quote from: exstasie on December 13, 2020, 03:51:58 AM

Bitcoin's gains are not limited to the dollar's devaluation. Even if we account for the BLS's number fudging regarding real inflation rates, BTC's gains eclipsed USD inflation by multiple orders of magnitude after its first bubble in 2011, let alone the last two. BTC is rising in value way faster than the dollar is declining.

Here is a paradox - the more btc will grow in price, the cheaper the dollar will become, because due to the increasing popularity, the printer will have to work more and more. This is very bad, think about it. Look at Venezuela and say: is it good for them when BTC is worth an infinite number of bolivars or not?

I get what you're saying, but it seems disingenuous to compare a hyperinflating bolivar to a slowly inflating dollar. Apples and oranges.

I'm not convinced of the dollar doomsday theories that many gold bugs and BTC bugs are so fond of. I'm quite confident that BTC is going to the moon though. I see the two as negatively correlated, but I don't think USD devaluation is necessarily a significant causal factor for Bitcoin's rise.

I just point out that no matter how much BTC costs - if it costs 22k today and you can buy almost an entire Tesla, then in a week the dollar will catch up with such ups and you will not buy a Tesla anymore.
The real value of money is not tomorrow and not in 10 years, but today. And really the real value is that you can buy today what tomorrow will cost, in terms of return profit, as much as today. And I am very unsure that if I received 21k on BTC today, then in a year these 21k will be enough for me at least for a month. That's the point.

cryptoboss2020

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Plan b bidden Bitcoin.

And it look like Biden has no another option then print usd and make Bitcoin great.

exstasie

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Quote from: bits4books on December 17, 2020, 08:58:37 AM

Quote from: exstasie on December 13, 2020, 03:51:58 AM

Bitcoin's gains are not limited to the dollar's devaluation. Even if we account for the BLS's number fudging regarding real inflation rates, BTC's gains eclipsed USD inflation by multiple orders of magnitude after its first bubble in 2011, let alone the last two. BTC is rising in value way faster than the dollar is declining.

Here is a paradox - the more btc will grow in price, the cheaper the dollar will become, because due to the increasing popularity, the printer will have to work more and more. This is very bad, think about it. Look at Venezuela and say: is it good for them when BTC is worth an infinite number of bolivars or not?

I get what you're saying, but it seems disingenuous to compare a hyperinflating bolivar to a slowly inflating dollar. Apples and oranges.

I'm not convinced of the dollar doomsday theories that many gold bugs and BTC bugs are so fond of. I'm quite confident that BTC is going to the moon though. I see the two as negatively correlated, but I don't think USD devaluation is necessarily a significant causal factor for Bitcoin's rise.

bits4books

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Crypto is not a religion but i like it

Quote from: exstasie on December 13, 2020, 03:51:58 AM

Quote from: bits4books on December 12, 2020, 01:14:16 AM

Quote from: exstasie on December 11, 2020, 04:08:12 PM

They don't care about propping up crypto, but they do have an interest in perpetuating economic growth through inflation, which has an important (if indirect) effect.

When the Fed absorbs much of the existing supply in the corporate bond market, it has a two-pronged effect: it indefinitely bails out corporations who should otherwise be liquidated, and it removes trillions of dollars of investment asset supply from the market. The goal is to perpetuate economic growth and prevent business failures, but in effect, it creates massive excess demand (excess cash) that flows into all other markets. Stocks, real estate, gold, crypto, etc.

As long as the money printer is on, BTC is going to benefit from it.

This is growth for the sake of growth, just for the sake of more numbers on the screen. Once again, what the hell difference does it make how much BTC costs in $ if the dollar sags in its purchasing power due to inflation?

A huge difference. Bitcoin's gains are not limited to the dollar's devaluation. Even if we account for the BLS's number fudging regarding real inflation rates, BTC's gains eclipsed USD inflation by multiple orders of magnitude after its first bubble in 2011, let alone the last two. BTC is rising in value way faster than the dollar is declining.

Here is a paradox - the more btc will grow in price, the cheaper the dollar will become, because due to the increasing popularity, the printer will have to work more and more. This is very bad, think about it. Look at Venezuela and say: is it good for them when BTC is worth an infinite number of bolivars or not?

Spaffin

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Quote from: exstasie on December 13, 2020, 03:51:58 AM

Quote from: bits4books on December 12, 2020, 01:14:16 AM

Quote from: exstasie on December 11, 2020, 04:08:12 PM

They don't care about propping up crypto, but they do have an interest in perpetuating economic growth through inflation, which has an important (if indirect) effect.

When the Fed absorbs much of the existing supply in the corporate bond market, it has a two-pronged effect: it indefinitely bails out corporations who should otherwise be liquidated, and it removes trillions of dollars of investment asset supply from the market. The goal is to perpetuate economic growth and prevent business failures, but in effect, it creates massive excess demand (excess cash) that flows into all other markets. Stocks, real estate, gold, crypto, etc.

As long as the money printer is on, BTC is going to benefit from it.

This is growth for the sake of growth, just for the sake of more numbers on the screen. Once again, what the hell difference does it make how much BTC costs in $ if the dollar sags in its purchasing power due to inflation?

A huge difference. Bitcoin's gains are not limited to the dollar's devaluation. Even if we account for the BLS's number fudging regarding real inflation rates, BTC's gains eclipsed USD inflation by multiple orders of magnitude after its first bubble in 2011, let alone the last two. BTC is rising in value way faster than the dollar is declining.

It is quite possible that, compared to the previous period that you are talking about, today investors are working ahead of the curve and minimize their losses through investments in bitcoin. Capital migration is too obvious and noticeable, moreover, it is quite understandable. At the same time, even many new users come to the community of cryptocurrency users due to the fact that they prefer not national currencies, but Bitcoin.

exstasie

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Quote from: bits4books on December 12, 2020, 01:14:16 AM

Quote from: exstasie on December 11, 2020, 04:08:12 PM

They don't care about propping up crypto, but they do have an interest in perpetuating economic growth through inflation, which has an important (if indirect) effect.

When the Fed absorbs much of the existing supply in the corporate bond market, it has a two-pronged effect: it indefinitely bails out corporations who should otherwise be liquidated, and it removes trillions of dollars of investment asset supply from the market. The goal is to perpetuate economic growth and prevent business failures, but in effect, it creates massive excess demand (excess cash) that flows into all other markets. Stocks, real estate, gold, crypto, etc.

As long as the money printer is on, BTC is going to benefit from it.

This is growth for the sake of growth, just for the sake of more numbers on the screen. Once again, what the hell difference does it make how much BTC costs in $ if the dollar sags in its purchasing power due to inflation?

A huge difference. Bitcoin's gains are not limited to the dollar's devaluation. Even if we account for the BLS's number fudging regarding real inflation rates, BTC's gains eclipsed USD inflation by multiple orders of magnitude after its first bubble in 2011, let alone the last two. BTC is rising in value way faster than the dollar is declining.

bits4books

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Quote from: exstasie on December 11, 2020, 04:08:12 PM

Quote from: bits4books on December 10, 2020, 11:23:23 AM

What makes you think that Biden and Company are interested in saving BTC and other cryptocurrencies? Where did such thoughts come from?

They don't care about propping up crypto, but they do have an interest in perpetuating economic growth through inflation, which has an important (if indirect) effect.

When the Fed absorbs much of the existing supply in the corporate bond market, it has a two-pronged effect: it indefinitely bails out corporations who should otherwise be liquidated, and it removes trillions of dollars of investment asset supply from the market. The goal is to perpetuate economic growth and prevent business failures, but in effect, it creates massive excess demand (excess cash) that flows into all other markets. Stocks, real estate, gold, crypto, etc.

As long as the money printer is on, BTC is going to benefit from it.

This is growth for the sake of growth, just for the sake of more numbers on the screen. Once again, what the hell difference does it make how much BTC costs in $ if the dollar sags in its purchasing power due to inflation? This is not profit-making, it is an attempt to fill a bucket consisting of a netting.

exstasie

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Quote from: bits4books on December 10, 2020, 11:23:23 AM

What makes you think that Biden and Company are interested in saving BTC and other cryptocurrencies? Where did such thoughts come from?

They don't care about propping up crypto, but they do have an interest in perpetuating economic growth through inflation, which has an important (if indirect) effect.

When the Fed absorbs much of the existing supply in the corporate bond market, it has a two-pronged effect: it indefinitely bails out corporations who should otherwise be liquidated, and it removes trillions of dollars of investment asset supply from the market. The goal is to perpetuate economic growth and prevent business failures, but in effect, it creates massive excess demand (excess cash) that flows into all other markets. Stocks, real estate, gold, crypto, etc.

As long as the money printer is on, BTC is going to benefit from it.

bits4books

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Quote from: cryptoboss2020 on December 10, 2020, 12:03:36 PM

Quote from: bits4books on December 10, 2020, 11:23:23 AM

What makes you think that Biden and Company are interested in saving BTC and other cryptocurrencies? Where did such thoughts come from?
They totally do not care about this" mouse " fuss with cryptocurrencies who is trading what there. And believe me, they have much more problems and worries than thinking about how to save more cryptocurrencies and think about them

Well the bitcoin is on the way to 100k+
The rest of the world will love and biden and fed more if they help and support the bitcoin.
And started all ready now we are use this that fed printing a lot money!

100k of what? Russian rubles? Argentine pesos?
What is the use of a BTC price of $100k if Biden may lower dollar purchasing power with his policy and with this money printing?
In this case there are no difference how much BTC costs - 100k-150k-5k-99999999k if the prices around will be higher faster, and at a price of $15k, a conditional BigMac costs 25c and at a price in BTC of $150k, my big Mac will cost 25k? You do not understand that no one in this world from "holding power" is interested in cryptocurrency price.
And people who use cryptocurrency no longer suffer from the fact that BTC has fallen, but from the fact that the purchasing power of the currency for which they buy their bigmac has fallen. As long as you continue to see BTC only as a source of receiving Fiat money , you will shoot yourself in the foot every day.
Btw, how Biden will pump btc? With special president order?

cryptoboss2020

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Quote from: bits4books on December 10, 2020, 11:23:23 AM

What makes you think that Biden and Company are interested in saving BTC and other cryptocurrencies? Where did such thoughts come from?
They totally do not care about this" mouse " fuss with cryptocurrencies who is trading what there. And believe me, they have much more problems and worries than thinking about how to save more cryptocurrencies and think about them

Well the bitcoin is on the way to 100k+
The rest of the world will love and biden and fed more if they help and support the bitcoin.
And started all ready now we are use this that fed printing a lot money!

bits4books

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Crypto is not a religion but i like it

What makes you think that Biden and Company are interested in saving BTC and other cryptocurrencies? Where did such thoughts come from?
They totally do not care about this" mouse " fuss with cryptocurrencies who is trading what there. And believe me, they have much more problems and worries than thinking about how to save more cryptocurrencies and think about them

cryptoboss2020

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Quote from: Leviathan.007 on December 10, 2020, 10:54:31 AM

Even before us election I was thinking about it, we know by printing money in us, inflation rate rises and rising inflation rate the usd will lose it value against the assets such as gold and bitcoin. In the other hand, I believe, in the cabinet there are some crypto friendly people. Many people are waiting for the biggest money printing on US even bigger than what trump did in a few years ago. Printing that huge amount of money will rise the inflation to the sky.

Inflation yes thats why we have plan B
Soviet union inflation times there was not plan B like a bitcoin, now its kind of upgrade in the plan becouse USA is have same Destiny was the soviet union

Leviathan.007

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Even before us election I was thinking about it, we know by printing money in us, inflation rate rises and rising inflation rate the usd will lose it value against the assets such as gold and bitcoin. In the other hand, I believe, in the cabinet there are some crypto friendly people. Many people are waiting for the biggest money printing on US even bigger than what trump did in a few years ago. Printing that huge amount of money will rise the inflation to the sky.

Topic: biden goverment have 2 ways to go fed printing money ways (Read 188 times)