Topic: Bitcoin has Seen a Major Boost Amid Dollar Crisis (Read 461 times)

No impact over the end of the day . Indeed, even a momentary individual could be a private with exclusive standards of contributing for others as against buying strong supplies to stay forever until the lockdown time-frame . It's actual and truly discussed prior then afterward, the boost is actually less inclined to actually influence advertise costs over the end of the day . How unstable it's particularly now, and lots of aren't taking a gander at it well. no matter whether we state that a couple of people see it that way, it can put aside an extended effort for people to profit by it. i do not have anything to state to those families who are in critical need of nourishment within the event that they spend on speculation.

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Maybe OP eas just a little bit exaggerated for using the word "major" . Nonetheless, bitcoin is doing great right now. Imagine, we are in the middle of the pandemic yet its price is stabilized on $6k - $7k mark. I guess that's already a thing you should be proud of. At least btc proves us how strong it is — that it can resist amidst a strong crisis.

What the US is doing is dangerous, I agree with that. At the same time, this package is supposed to help people, so while a risky decision, perhaps it's worth the risks. As for Bitcoin, I don't see the 'major boost' you're talking about. Bitcoin's price increased by 10%, but it's back to the initial $6800, so I don't think it really worked. Moreover, a small change like that could've happened because of anything, I don't see how it's related to that $2 trillion package. Moreover, I think it's a little too early to state that there's the Dollar crisis. It might happen, sure, but we're not there yet.

We still not at "before prices" (9k lvl) and this is a major boost?

Trump's stimulus package wasn't the main reason.
Bitcoin's price is now recovering after a sudden sharp due to the Coronavirus outbreak as it was expected. Plus what we see now is pre-halving effect.

Due to the outbreak of coronavirus, economic conditions around the world have collapsed, the current situation in the United States of America is more critical. Their stock market will close tomorrow and Europe Monday as well. Because of coronavirus pandemic most of the cities are locked down. By saying 'dollar crisis' he meant the economic downturn.

Covid19 has become world history,

now many countries are experiencing an economic crisis because of this plague, and investors are moving money for dollars, I think investors are also moving money to bitcoin. I also think bitcoin will be stimulated in the long run

The drama about the work crisis caused global financial markets were dumped and pumped as of the pandemic is hilarious. Do you see and think of why Gold were pumped more than one month ago (people talked because of pandemic), then dropped (people turned around and talked about the pandemic but in opposite impacts), and pumped again last 2 days to nearly its peak one month ago (so this time, is it because of the pandemic, because it become worse than months ago).

Gold will increase and bitcoin will do too but because of the pandemic, because of work losses, I don't think so. Stay safe and stay positive about Bitcoin.

what "dollar crisis"?

month over month, nearly every asset in existence is significantly down against the dollar. cryptocurrencies, stocks, real estate, commodities, foreign currencies---you name it. even the DXY index is up 5% over the last 30 days.

leave it to bitcoin bulls to invent an imaginary "fiat crisis" to hype up their bitcoin holdings.

I'm not sure the dollar crisis has ever really had anything more than a temporary boost to alternative markets, but I definitely prefer that correlation to anything else. It's nice to believe that people are fleeing the dollar to go into Bitcoin instead, but I think the libertarians today are very different from those in Bitcoin's conceptional stages.

So yeah, if we're seeing more money entering Bitcoin, it's because they're just spreading out existing assets. Hedge funds are seeing a boom right now, and Bitcoin's really part of that basket in most hedges now.

Okay! I am glad that there is an initial plan to boost the US economy because the instability of the financial markets affects us all. And the analysts' view of the article is not far-fetched, Bitcoin could be an asset of greater demand shortly.

The fear from the pandemic affected all assets but Bitcoin is the strongest one in aspect of rallying rate last month. Which one is behind Bitcoin, gold. I do believe in the future, if the pandemic will be controlled, the world will have to go through a very tough period with financial crisis when rebuild all economies. It will not be solved on paper and not within weeks or months.

In that crisis scenario, Bitcoin and gold will be good investments, and Bitcoin will be the best.

Do you think that Trump's decision is mainly responsible to bring back Bitcoin's price? I don't think so, Nowadays, Coronavirus has brought a massive negative impact on the planet, Nobody is feeling safe at this moment so it's a very normal issue that all the price of every market is going down but fortunately Bitcoin has come back, I think Chinese people could do a good thing in this system because they have started investing around the world, whatever the case is, it's nice to see that Bitcoin price has got a good pace, I think in this way, People will start investing in this digital platform because of Homecorentine, stay safe and keep investing in this Blockchain system.

Crisis is the viral word for now.
Not bitcoin. 

Survival is also what people are thinking by now and not saving or investing.
Bad things are happening and death toll is increasing.
I don't think they want their money locked up into something else. It would better be on their side for now in cash rather than having a hard time to withdraw it.
For emergency purposes.

You are a FOOL....   Only a total fool would dismiss risk and facts as " FUD ".   Seriously, would you trust a wall street investment if any concern you had about it was just dismissed and ridiculed as  FUD by the salesman 

Hard Facts

I would say you shouldn't trust banks because of the fractional reserve, and you could say its the banks that control the gov not the other way around.

But how hard it is to tell people to find the truth about fractional reserve? And how would the world economy collapse the moment people discover it? This is because the mantra of the chicago school of economy would collapse (as it appears to be collapsing right now).

You think inflation is you major problem? But most of the money in "circulation" does not exist anywhere. Yes they print and reduce interest so people get in debt, they are afraid people are not getting enough in debt, this is the weakness of their school (growth by debt).

Bitcoin as money that does not lose value overtime, stimulates savings rather than spending, this clashes against Chicago school dogma, and can only be comprehended by studying the Austrian school of economy (growth by savings).

Bubbles are literally caused by this system. Once people get off that train, bubbles disappear entirely, forever. The Austrians advocated a solid money, something like gold, but not something backed in gold, i had to be gold itself so that you did not have to trust anyone to fulfill a promise. But now we have Bitcoin, and this trustless coin can fill that need perfectly without the risks of handling actual precious metals.

Little by little, people will learn the truth. Of course fiat is going down, its been intentionally made to go down by governments, and the recurrent crisis can only push it down a bit faster than "anticipated". Remember, even if if loses value faster and recovers, they will never allow it to go negative (deflation) because their Chicago school dogma forces them not to.

Under Chicago school, deflation is taboo. Under Austrian school, it is most welcome. Bitcoin is the future, fiat is the past.

i don't think that is true. even if it were then the part that may have entered bitcoin is a tiny fraction of the whole thing. there is still a lot of people who don't know about bitcoin or don't believe in it due to hearing a ton of FUD every day.

With a limited supply, bitcoin is way better and for the record many country will print more money to help their people and economy which I think can devaluate the value of fiat money since we have an over supply in the market right now. Bitcoin can go to the moon if ever after the halving and that can be a good side of market recession for the bitcoin believers.

I think part of the the Trillion of Dollars that were printed found its way into the crypto industry and especially into Bitcoin investment since popular financial advisors like Robery Kiyosaki was admonishing the purchase of bitcoin on his twitter profile.