Bitcoin purpose is to Take fiat in USDT

cryptoboss2020

member

Activity: 322

Merit: 14

Quote from: coolcoinz on February 07, 2021, 12:49:21 PM

This means they will never take my fiat and my bitcoins. I've never traded for USDt in my life and I won't ever do it. For me it's a worthless, manipulated and artificially inflated token with no real backing.
Does that mean that once the dust settles those of us left with real money, not USDt, will be the reachest? I like the way you think.

The bull market and big are going on until the music is playing.
But Once the music stops Everybody start to fight for the chairs..
Link: https://www.coindesk.com/fed-qualitative-guidance-quantitative-easing

And by that time imagine how big marketcap Will have stable coins.
And by then its a good time to regulate the stable coins.
By the 2025 the interesting fact is that 2024 is big halving

By then the kings are those who got the most of the USDT USDC
And If I got the a lot that I dont mind regulations and new laws as im all ready rich and sure i will be Looking to become legally fully legit.

Only those who dont have that crypto wealth will be against this.

As there is saying what ever you do do it big!
Sure the government will keep quiet about it but thats the most logical conclusion how it goes.

Also If by the 2024 fed stop supply the smart traders will try to sell slowly Before the 2024 all ready so the 2023 will be the bull market peak.

And slowly by 2026 the smartest sellers have sold their assets also the btc.

And If we Take ln to account agenda 2030 plans and exacly there will be economy crash by the 2030 year time then If we connect all the dots we can see right conclusion.

I apoligize to be too smart for you guys

coolcoinz

legendary

Activity: 2618

Merit: 1103

This means they will never take my fiat and my bitcoins. I've never traded for USDt in my life and I won't ever do it. For me it's a worthless, manipulated and artificially inflated token with no real backing.
Does that mean that once the dust settles those of us left with real money, not USDt, will be the richest? I like the way you think.

cryptoboss2020

member

Activity: 322

Merit: 14

Quote from: irixo10 on February 07, 2021, 11:46:24 AM

The main purpose of Bitcoin is to create a peer-to-peer system of performing transactions such that both parties will be in control at all times without any manipulation as everything is transparent, and it is not to take fiat in USDT. Moreover, USDT Is not the only stablecoin out there but just the most prominent, and as the name goes stable coin, meaning its purpose is to reduce the volatility of the crypto space, therefore you can decide to hold your Bitcoin or you can decide to hold your USDT; this means both have different use cases and/or purposes. Also, you should know that, fiat is different from cryptocurrencies, because where you can control your cryptocurrencies, only the government have the power to control fiat, so therefore usage of crypto shouldn't be likened to usage of fiat, as both works differently but can serve same purpose. Lastly, Ethereum is just another crypto and where it is different from Bitcoin, its purpose is still different, therefore it is not a platform for digital dollar and so on.

Dream on! Government is not some kind hearted instution. Or some generous fair instutions.
First all who was smart enough will collect coins
After will be regulated and those who act now will be super rich later.

Government is depend on the rich people Government always make the wealthy priority its always been this way and always will be this way.

The crypto situation now is just temporary dream.
Take it from this nice dream as much you can but it will never stay so nice way.

There is always people who want to have more and others to have less.

2030 crypto is gona be more regulated for sure and im sure centralized aswell.

If you against this.... Now its time for that but later nobody not gona Even ask u like it or not.

Look at the world leaders do they look like the way that they are going to ask what you want?
Look at Trump? Look at Putin? Do they Look like they Care what you want?

Look the cjristine lagarde of ecb She said btc is funny Business and she is looking to put more regulations on it.....

U think she will ask any of us what we think?
I don't think so

YOSHIE

legendary

Activity: 2086

Merit: 1759

You are totally wrong, what you see by chance, Bitcoin increases USDT increases.
your ideas are always wrong, you always put your hindbrain in front and don't use your forebrain to think.
Bitcoin has nothing to do with the dollar in general, Bitcoin is not a digital dollar, Bitcoin does not depend on bank services, Bitcoin does not focus on one issuer, like the dollar.

database, decentralized, P2P network, internet, this is Bitcoin, only you can store it on your computer and wallet files, dollars need a bank account that has a third party.

Bitcoin cannot be manipulated as happened to the dollar, the dollar can be counterfeited, bitcoin has no administration like a bank and the is very difficult to inflation, any government is unable to convert Bitcoin in any form, they cannot create large amounts of Bitcoin unlike other currencies.

If you think Bitcoin will be turned into fiat, dollars or cash in the future, that's a big wrong way of thinking, bitcoin is still what it was and is now, there's no doubt cash in with Bitcoin.
Do not dream that you imagine Bitcoin will one day be used as the currency of every country, totally wrong, never happened.

Bitcoin is still traded with cash in all countries, it's just that the price changes.

irixo10

full member

Activity: 1078

Merit: 104

GoMeat - Digitalizing Meat Stores - ICO

The main purpose of Bitcoin is to create a peer-to-peer system of performing transactions such that both parties will be in control at all times without any manipulation as everything is transparent, and it is not to take fiat in USDT. Moreover, USDT Is not the only stablecoin out there but just the most prominent, and as the name goes stable coin, meaning its purpose is to reduce the volatility of the crypto space, therefore you can decide to hold your Bitcoin or you can decide to hold your USDT; this means both have different use cases and/or purposes. Also, you should know that, fiat is different from cryptocurrencies, because where you can control your cryptocurrencies, only the government have the power to control fiat, so therefore usage of crypto shouldn't be likened to usage of fiat, as both works differently but can serve same purpose. Lastly, Ethereum is just another crypto and where it is different from Bitcoin, its purpose is still different, therefore it is not a platform for digital dollar and so on.

Fesatmas

sr. member

Activity: 2268

Merit: 275

Quote from: cryptoboss2020 on February 07, 2021, 07:52:35 AM

Only thing I Don't get it is the cash part?
What will be the case with cash in future?
We still can use cash or it will be not allowed?

So far, based on the position of digital money, Bitcoin, Usdt, Usdc has the possibility to become a medium of exchange for the future. However, if you look at how the future of banknotes / cash in the future will change, or rather, there will be a shift in era. Even though the digital existence of almost 1/5 of the world is even more than that. banknotes / cash will remain valid with slight changes in shape, for example a return to gold coins or even a traditional exchange. We must not forget the position of the inhabitants of the earth who are in remote areas such as the tribes in the interior, they will remain untouched by technology and do not even need a medium of exchange such as money, their existence will continue to be a standard balance, namely the modern era and the traditional era.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Man... just give up. It does not make sense. I've seen at least 10 of your threads and all of them looked equally stupid. Pure guesswork from fractional knowledge. Stop posting, buy 1 good economy book and come back.

There is nothing to say about OP. Every sentence does not make sense. Everything is wrong.

Despairo

hero member

Activity: 1036

Merit: 833

Bitcoin is not purposed take fiat into USDT or USDC, both of them have different purpose on cryptocurrency. Bitcoin created due to decentralized and can't be controlled by single entity, it doesn't force a countries to create their own stable coin.

Moreover those stable coin can causing inflation too just like fiat. Since you paid a debt with high amount money, the value of the stable coin will dropped. Literally just like Bitcoin when you sell large amount coin in one time, the price will dropped significantly.

Both USDT and USDC aren't backed 100% with real fiat money, which is can be dangerous since you didn't know what will CEO of USDT and USDC do with his coin. He can freeze your coin or exist scam? We can't know for sure.

I'd think if USA want to use digital stable coin they will create their own coin just like CBDC create digital yuan backed with 100% real fiat, so the government have full control about the coin.

Ethereum is volatile just like Bitcoin, so it's not for digital dollar or Canadian dollar.

I think people can still using cash, but mostly they will use their own digital fiat backed with their fiat.

cryptoboss2020

member

Activity: 322

Merit: 14

Bitcoin purpose look like its to take fiat money in
USDT wich is Good becouse now in the world we have too much prosperity and too much money and that cousing inflation.
But If we put a lot money in USDT the debt is still as duty but not so much money all over the world.
And btc Goes Higher so does USDT supply increase more and more.

2025 when FED printing will be stopped there will be shortages of USD.
But by the time most of the usa dollars USDT will be in USDT. Or USDC

So Bitcoin volatiliry is Good to Increase the USDT.
also its Good to use USDT then with your debit card becouse its a stable

Now I understood what is the bitcoin purpose.
Ethereum is Different ethereum is platform for digital dollar and Canadian dollar.

Only thing I Don't get it is the cash part?
What will be the case with cash in future?
We still can use cash or it will be not allowed?

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