Bitcoin will never depreciate but the fiat system will due to the inflation.
The only rule of bitcoin in this market is just an alternative if we think of using it as online currency but a potential investment as adoption is expected while supply will eventually reduce over time.
people would realize that trusting the banking system is wrong as it's controlled by the government, there is no transparency even the suppose transparent which we called a business of trust, only decentralized asset is transparent and that is bitcoin.
Topic: Bitcoin has Seen a Major Boost Amid Dollar Crisis - page 3. (Read 531 times)
~
>10% had $50k or more in their account balance? That's impressive and way more than I've thought! The <$1k percentage is sadly the truth, but it's honestly not their fault. We're being taught all the crap in school except the most essential and important things. I lately started to introduce an "education" paragraph in some posts of mine because right now, in the middle of crisis, it is proved whether what people are taught in their early lives really makes a change or not during hard times. Apparently, it doesn't.The $6k -> $7k rise isn't proportionate at all with the trillions of dollars pumped in the US economy and the ~$4T estimated total costs so far for the pandemic. This is likely not related at all with the virus, there are enough factors out there influencing the price of BTC. When the true face of fiat value is gonna be shown, I expect an insane price ride to come for all safe haven assets and possibly (and hopefully) for Bitcoin too. Until then, they'll try to hide the real face of fiat. Until they can't.
No effect on the long term. Even the short term one may actually just be people having high hopes for others to invest instead of actually buying helpful supplies to last for the lockdown period lmao. This has honestly been talked about before and again, there's a really low chance that the stimulus would actually affect the market price in the long term. Especially with how volatile it is right now, and not many are looking at it favorably. Even if we do say that some are looking at it as such, it would take a long time for people to actually profit out of it. If those households that are in dire need of food supplies actually spend on investing instead, I have no words for them.
Thanks to Trumps' Bitcoin has seen a major boost amid the dollar crisis. As of last week, Trump approves a $2 Trillion Covid-19 stimulus package that has seen an upturn, with assets climbing in anticipation of this historic economic aid package.
Here is What to expect from Bitcoins major boost: https://itsblockchain.com/bitcoin-has-seen-a-major-boost-amid-dollar-crisis/
What impact do you think the stimulus package will have on Bitcoin in the long term?
Here is What to expect from Bitcoins major boost: https://itsblockchain.com/bitcoin-has-seen-a-major-boost-amid-dollar-crisis/
What impact do you think the stimulus package will have on Bitcoin in the long term?
I'm sick of all the "USA stimulus package will boost the Bitcoin price" type of forum posts that are flooding the forum recently.Can we just shut up about this topic.It has been discussed 100 times here already and there's nothing new to add to the discussion.All we have to do is wait for the Bitcoin price to recover back to the levels before the corona pandemic.There are positive news in Europe about the number of infected people going down.
Thanks to Trumps' Bitcoin has seen a major boost amid the dollar crisis. As of last week, Trump approves a $2 Trillion Covid-19 stimulus package that has seen an upturn, with assets climbing in anticipation of this historic economic aid package.
Here is What to expect from Bitcoins major boost: https://itsblockchain.com/bitcoin-has-seen-a-major-boost-amid-dollar-crisis/
What impact do you think the stimulus package will have on Bitcoin in the long term?
Here is What to expect from Bitcoins major boost: https://itsblockchain.com/bitcoin-has-seen-a-major-boost-amid-dollar-crisis/
What impact do you think the stimulus package will have on Bitcoin in the long term?
Many articles show that really is but actually those things are just prediction since in reality there are so many option for people to leave a cashless society and maybe bitcoin will be notice for this time but still this is not enough to tell that we can see a major price change simultaneously since we see so many hypes coming before and even 1 of those didn't even closely meet since when pandemic occurs the price sudden dump which make people panic.
I don't understand, will the bitcoin market be stimulated too? I thought the stimulus package is just for the citizens ad some vital companies. The government has always be silent on bitcoin matters.
source: https://finance.yahoo.com/news/58-americans-less-1-000-090000503.html
"58 percent of respondents had less than $1,000 saved." This data was just from May last year; and for some reason some people think that people will use the stimulus money to buy bitcoin; even though a lot of Americans barely have money saved. A bit too much in the "hopium" side if you ask me. We don't even know if "the dollar crisis" is what made bitcoin rise from $6000 to $7000. What if, you know, it was simply just demand in general? We don't need to put a reason to everything because there's no way for us to verify anyway.
That's a lot of money but I will not expect something out of this world because the money is needed by every beneficiary to buy their needs. How much is the percentage of the receivers that will use it to buy some sort of investment?
Such as bitcoin, stocks or gold? there might a percentage but that can be smaller than we can ever think.
Such as bitcoin, stocks or gold? there might a percentage but that can be smaller than we can ever think.
What impact do you think the stimulus package will have on Bitcoin in the long term?
I think there will only be indirect impact that the huge stimulus package will cause to Bitcoin. The direct impact will be felt by fiat itself, its value in particular. With the fast printing of money out of thin air, the supply is fast growing. As a result, the purchasing power of fiat will sorely decrease. The inflation rate will rise beyond the tolerable level. This is basically a slow suicide on the part of fiat. Consequently, Bitcoin, as an alternative to fiat, will become more attractive, I suppose.
Thanks to Trumps' Bitcoin has seen a major boost amid the dollar crisis. As of last week, Trump approves a $2 Trillion Covid-19 stimulus package that has seen an upturn, with assets climbing in anticipation of this historic economic aid package.
Here is What to expect from Bitcoins major boost: https://itsblockchain.com/bitcoin-has-seen-a-major-boost-amid-dollar-crisis/
What impact do you think the stimulus package will have on Bitcoin in the long term?
Here is What to expect from Bitcoins major boost: https://itsblockchain.com/bitcoin-has-seen-a-major-boost-amid-dollar-crisis/
What impact do you think the stimulus package will have on Bitcoin in the long term?
Jump to: