Topic: Bitcoin vs USD Storing Value - page 2. (Read 11391 times)
I wouldn't say crypto is a reason for it's value dropping, evidence being how long it's been dropping for, and how cryptocurrency is still fairly new.
Cryptocurrency is still consolidating the USD, and some people do trade Btc/USD pair, USD keeps falling because of some of these factors: Increasing US debt profile without no plan to paying back, much budget for military defense and war, printing of USD at will, leading to too much supply. It's a matter of time before bubble is going to burst. The USD is not collapsing soon as long as the international community keep trading crude in USD, it's going to remain for this reason, any reversal will spill hell for the USD.
VS 
Spot the difference.
As you can see, the supply is limited for Bitcoin, but for the USD, they can print anytime and look at the purchasing power of USD, it's dropping.
Do you agree that one of the reasons why USD value is dropping is also because of cryptocurrency?
We are all know that Bitcoin and cryptocurrencies re-shape world economies. But I don't think it can affect dollars value direct way. We are focusing Bitcoin price so much. But the balance on global economy is affect to USD much more cryptocurrencies yet.
USD supply can be arranged. But Bitcoin will draw its future own. So we can only support it and watch it where will it go.
No need to look even at the history made before we were born. Just look at January when Bitcoin was only a little above $3000 and today it has almost doubled to $6100. USD probably lost value over that time but just more slowly.
Of course,,, people who bought BTC at 20k in 2017 will argue they lost 80% of their value in just under 1 year,,, but the fact is you keep BTC for years not months.
Of course,,, people who bought BTC at 20k in 2017 will argue they lost 80% of their value in just under 1 year,,, but the fact is you keep BTC for years not months.
The USD value are dropping because politicians and Bankers are working together to protect the interest of a few wealthy individuals. Inflation is one of the government tools to keep normal civilians spending abilities and saving abilities at the lowest possible level, because poor & uneducated people are easier to manipulate than wealthy people with money to pay for proper education. 
The Banks are supporting this out of greed, because they create money out of nothing with Fractional reserve banking practices. 
Bitcoin is not controlled by Banks or governments, but rather by supply and demand.
The Banks are supporting this out of greed, because they create money out of nothing with Fractional reserve banking practices.
Bitcoin is not controlled by Banks or governments, but rather by supply and demand.
It's possible to be one of the reason but with the current situation we're in I don't think Bitcoin is the main reason why USD's value keep on decreasing.because a lot of people are still using it and there's no stats on how many people switched to Bitcoin. Also agree to what was said above by other users it's not that huge enough to become a threat to the big currencies (USD, CAD, CNY, etc).
Bitcoin vs USD is never-ending series until people won't look at Bitcoin as a "Bitcoin" but for now, Bitcoin has broken the glass already and hit to $6,000 emphasizing that yet long way to go!
until people won't look at Bitcoin as a "Bitcoin" but for now, Bitcoin has broken the glass already and hit to $6,000 emphasizing that yet long way to go! 
Not right now. Sure, limited assets will increase in the future, but it will only happen if people lose confidence in their currency. I don't see that happening with the USD. Governments are aware of the fact that printing causes inflation. But they promote printing in a way that people don't lose their trust. USD is losing its value due to other factors, like the economy, trade wars and crude oil prices.
It's a more relevant and accurate comparison to use a basket of currencies, not just the USD, which is traditionally the default 'world' currency, but has so many behind the scenes problems (not to mention being issued by a country in the biggest hole of debt ever). It's comparing a questionable store of value system to a 'sick' store of value system. That said, I hold both, but of traditional currencies, the USD is the lowest ranked in my traditional currency portfolio (which is heavier in Euros, RMB/CNR, British Pounds, Singapore Dollars, AUS$, NZ$, etc).
The cause of the decrease on the value of USD is multi-factorial- therefore lots of factors need to be considered before taking that kind of impact. As was mentioned, the USD is indeed a deflationary currency and the supply is being controlled by the government in order to control inflation. If the government decides to print money, this will cause an inflationary effect that will further decrease the value of USD.
On the other hand, cryptocurrency is free from any control and the law of demand and supply governs its price on the market. Having a limited supply makes it valuable which makes it more expensive as supply decreases. Cryptocurrency (specifically bitcoin) is an excellent store of value due to its high volatility that can be used as an investment tool for either short/long-term.
On the other hand, cryptocurrency is free from any control and the law of demand and supply governs its price on the market. Having a limited supply makes it valuable which makes it more expensive as supply decreases. Cryptocurrency (specifically bitcoin) is an excellent store of value due to its high volatility that can be used as an investment tool for either short/long-term.
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They are different because that's how they were designed. Having said that, if the USD is also a deflationary currency (lol this will never happen), then we can see its value rising over time however that means limited control for the government. The government needs to control their money supply in order to match that of the current economic situation of the country and of the world. They'd print up more money when needed and hoard when needed, too. On the other hand, bitcoin's price is decided by speculation and optimism, causing the price to go up higher than before in every cycle that happens within its market.
And no, the USD is not faling due to crypto.
And no, the USD is not faling due to crypto.
USD is an exchange of goods/services prices by the US Government.
Bitcoin is an exchange of goods/services prices by random citizens of the world.
If the price of btc drops all the random citizens can do is buy more trying to maintain the price ratio.
The US Gov. will confiscate any and all possessions of their own citizens to prop up the USD, if it comes to that point.
In the 1930 , Gold was confiscated from it's citizens to prop up the USD.
In the future , if btc grows exponentially verses the USD, all the US Gov has to do is seize all BTC captured in illegal activities and then use it to prop up the USD. And if that was not enough seize all btc in the US legal or not, just like they did with gold.
Having an Army gives the US Gov more options than random world citizens when it comes to propping up a currency.
Sad but true.
Bitcoin is an exchange of goods/services prices by random citizens of the world.
If the price of btc drops all the random citizens can do is buy more trying to maintain the price ratio.
The US Gov. will confiscate any and all possessions of their own citizens to prop up the USD, if it comes to that point.
In the 1930 , Gold was confiscated from it's citizens to prop up the USD.
In the future , if btc grows exponentially verses the USD, all the US Gov has to do is seize all BTC captured in illegal activities and then use it to prop up the USD. And if that was not enough seize all btc in the US legal or not, just like they did with gold.
Having an Army gives the US Gov more options than random world citizens when it comes to propping up a currency.
Sad but true.
Usd value will keep falling although bitcoin is not exist. It is because the fiat money system is not good. The government can print money regardless the amount of gold that the government have. So it is better for us to use gold or silver as storing value. And we can use bitcoin as an investment. The volatility of bitcoin is still too extreeme.
Do you agree that one of the reasons why USD value is dropping is also because of cryptocurrency?
Right now? I personally don't think so. While I think cryptocurrencies has an effect on the USD value to a certain extent, we're still so early that it's influence on USD's dropping price is simply too minuscule.The dropping price of the USD is still mostly due to inflation as far as I know, as inflation is still mostly the main reason for most if not all fiat's dropping value anyway.
I don't think the USD value is falling due to Crypto, simply the USD following the world economy and now we are in a big recession. Trade wars are taking place between the US and China, which makes the value of the US plummet. Only when the USD is inflated, does it get crypto that affects its value.
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Do you agree that one of the reasons why USD value is dropping is also because of cryptocurrency?
As of now, there is still no direct effect cryptocurrency (especially Bitcoin) has on the price of the USA Dollar but this can be changing if and when central banks of other countries will prefer to get Bitcoin as one of the reserved currencies alongside with gold. And since this is not yet happening, cryptocurrency is existing alongside with the dollar as friends and not as a competitor. The real reason for the continuing drop of the real value of the dollar is because of inflation and that tendency of the government to just print more fiat money (called as quantitative easing which is a fancy name for printing money).
Spot the difference.
As you can see, the supply is limited for Bitcoin, but for the USD, they can print anytime and look at the purchasing power of USD, it's dropping.
Do you agree that one of the reasons why USD value is dropping is also because of cryptocurrency?
Even without the crypto currency USD or any fiat will really end up like dropping because of inflation and deflation in our economy.As you can see, the supply is limited for Bitcoin, but for the USD, they can print anytime and look at the purchasing power of USD, it's dropping.
Do you agree that one of the reasons why USD value is dropping is also because of cryptocurrency?
The value deflate because of the inflation of price and service in a specific time and the purchasing power of the people decrease as well.
Though we can still equate fiat and crypto as to the value because of its supply but it doesn't necessarily mean that we can fully embrace bitcoin thus it takes time for some people to realize this.
Spot the difference.
As you can see, the supply is limited for Bitcoin, but for the USD, they can print anytime and look at the purchasing power of USD, it's dropping.
Do you agree that one of the reasons why USD value is dropping is also because of cryptocurrency?
Spot the difference.
As you can see, the supply is limited for Bitcoin, but for the USD, they can print anytime and look at the purchasing power of USD, it's dropping.
Do you agree that one of the reasons why USD value is dropping is also because of cryptocurrency?
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