If currencies (especially the US dollar) are highly devalued, it wouldn't have anything to do with Bitcoin and that means Bitcoin will be worth more in dollars, and those who bought at the early stage before that happens will benefit more from it.
As for those who think that USDT is an investment and they are holding this token, anything that happens to the US dollar will eventually affect this token (USDT) since it's a stablecoin that's pegged with the same US dollar, so what more do you expect? And I'm saying it again, your USDT token is just for saving value in dollars, so you're holding dollars and nothing more, it's not like Bitcoin that's not pegged to anything.
Topic: btc value and currency inflations - page 3. (Read 928 times)
Bitcoin is a decentralized currency is not control by any country or government. US dollar is a centralized currency which government are the one in charge of the currency in the country. They will never allow their currency to devalue because they know it very well that if USD devalue many countries economy will be at risk. But bitcoin can never devalue if USD choose to devalue which the government will not allow it to happen in this season will are which the US election is just few weeks from now. I think USD will never devalue because of what the government stand for to make sure the currency Maintain value on the time.
That's the difference you mention between bitcoin and Us currency. Us currency can never be devalued or become worthless it is used through these years globally. We already observed bitcoin and it's growth is increasing. Bitcoin and us currency has different use and function which is very important to the users, and us currency will not be worthless overnight. People should avoid this mindset of panic that us currency will be devalued as long people use this it will not happen. 
Why then will you choice gold over bitcoin? Sounds so unreasonable especially as you must have been enlightening on the advantage of bitcoin over gold. The digitalize of bitcoin, it's finite supply and decentralized nature, just to mention a few is enough reason to consider it a more favorable investment option
There are many reasons why people may prefer gold over Bitcoin
Bitcoin largely remains a speculative asset while gold is a genuine store of value, although some consider Bitcoin a store of value too. Physical gold is better as a store of value partly because it doesn't rely on anything other than physical laws which are unlikely to change in the foreseeable future and turn your precious gold into useless lead. Bitcoin, along with its cryptocurrency brethren, on the other hand, is much more vulnerable in this regard, and anyone who is seriously going to challenge that point should first check their sanity and intelligence scores
Because it's a traditional investment where it gets more positive feedback since people will always think that it's valuable thing compare to bitcoin and we cannot really blame them to tell about that since Bitcoin got high volatility which we cannot trust to keep for long term since the price will easily get dump and pump.But everything can be changed since it's just a people mindset over investment and if bitcoin will show a good stability and good price movement for long-term provably investor will get a pure interest with it.
Bitcoin is a decentralized currency is not control by any country or government. US dollar is a centralized currency which government are the one in charge of the currency in the country. They will never allow their currency to devalue because they know it very well that if USD devalue many countries economy will be at risk. But bitcoin can never devalue if USD choose to devalue which the government will not allow it to happen in this season will are which the US election is just few weeks from now. I think USD will never devalue because of what the government stand for to make sure the currency Maintain value on the time.
Why then will you choice gold over bitcoin? Sounds so unreasonable especially as you must have been enlightening on the advantage of bitcoin over gold. The digitalize of bitcoin, it's finite supply and decentralized nature, just to mention a few is enough reason to consider it a more favorable investment option
There are many reasons why people may prefer gold over Bitcoin
Bitcoin largely remains a speculative asset while gold is a genuine store of value, although some consider Bitcoin a store of value too. Physical gold is better as a store of value partly because it doesn't rely on anything other than physical laws which are unlikely to change in the foreseeable future and turn your precious gold into useless lead. Bitcoin, along with its cryptocurrency brethren, on the other hand, is much more vulnerable in this regard, and anyone who is seriously going to challenge that point should first check their sanity and intelligence scores
Please know the difference between USD and USDT, and moreover USD will not not disappear overnight as its the official currency of one of world's largest economy, USDT is occasionally used to covert our asset to protect it from volatility and I have not come across any individual till date who have invested in USDT like we do with other crypto. I would request you to avoid taking unnecessary panics.
I am more and more convinced that the inflation death spiral was a truly engineered plan to avoid people to reach some basic financial independence. Given the rising cost of goods and stagnant incomes, let alone massive unemployment people need always more debt to finance their living. And what about those who can’t even access some debt money? This is bad man.
Of course the inflation is engineered to make people poorer. If money loses value over time you are induced in spending it to buy goods, i.e. getting poor.
Bitcoin is going to fix it.
This is what inflation does in the real life. Only looking at longer periods of time do we see the insidious nature of inflation and I am certain bitcoin is here to help save our hard earned cash from it.
Please note how much the important things outside the inflation measuring basket (I guess CPI) have risen compared to the things that are inside the basket. Inflation in education expenses are quite spectacular here, but also healthcare, not included, are on the rise.
Of course those are engineered to keep the inflation number low, so that CB's can inject more money into the system and distort it even more.
lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??
most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
I don't think that most BTC traders use usdt. Do you have any statistics to support that?
Most trades around the world are made with fiat money.
USDt can crash regardless of what the USD price will be. USDt is not 100% backed by usd. not even 90%. We don't even know how much they really have.
I rarely use USDT on my trades and always looking up to BTC or ETH pair to other alts with no USDT involvrment whenever I want to start my trade. So no wonder where op get that statistics and maybe he is just curious about those things and want to know the pulse of the people here.
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If all the fiat currency, devalued or goes deeper, we cant guarantee that bitcoin will go up because people are panicking and traders as well. It wont happen overnight and It is being predicted by the economist all you have to do is to keep yourself updated. Convert to gold as much as possible because there is no certainty in bitcoin and it’s very volatile and unpredictable, but if you’re a risk taker keep going.
There's more certainty in bitcoin than gold though, bitcoin is the investment for the 21 century while gold was for previous centuries, the recovery rate of bitcoin can't be compared to that of gold as it's way above its reach. Assuming both asset were to fall, in the short term due to the devaluation of the US dollars, as a result of uncertainty in the market caused by fud and panic like we experience during the heat of covid-19 in March. The recovery rate if bitcoin would be faster just as we're currently experiencing abive the gold.
Why then will you choice gold over bitcoin? Sounds so unreasonable especially as you must have been enlightening on the advantage of bitcoin over gold. The digitalize of bitcoin, it's finite supply and decentralized nature, just to mention a few is enough reason to consider it a more favorable investment option.
It is very more unlikely and very impossible to make happen that USDT will be devalued to become worthless overnight. We all do know that many are still patronizing the usage of USDT even the price is cutting down into minimal loss due to the economic state of the country of US but such reasoning is not just enough to make USDT to become worthless that is very impossible to happen seriously speaking.
I don't think that most BTC traders use usdt. Do you have any statistics to support that?
Most trades around the world are made with fiat money.
USDt can crash regardless of what the USD price will be. USDt is not 100% backed by usd. not even 90%. We don't even know how much they really have.
I agree. Traders mostly use their cash or money they have from fiat which they make use for purchasing cryptocurrencies like Bitcoin as well as the other existing crypto in the market. Fiat is also being used for trading and investment.
lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??
most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
I don't think that most BTC traders use usdt. Do you have any statistics to support that?
Most trades around the world are made with fiat money.
USDt can crash regardless of what the USD price will be. USDt is not 100% backed by usd. not even 90%. We don't even know how much they really have.
I agree. Traders mostly use their cash or money they have from fiat which they make use for purchasing cryptocurrencies like Bitcoin as well as the other existing crypto in the market. Fiat is also being used for trading and investment.
lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??
most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
I don't think that most BTC traders use usdt. Do you have any statistics to support that?
Most trades around the world are made with fiat money.
USDt can crash regardless of what the USD price will be. USDt is not 100% backed by usd. not even 90%. We don't even know how much they really have.
lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??
most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
Assuming that bitcoin becomes the dominant currency of the world then things will be priced on bitcoin and then we will forget about pricing things on dollars, if dollars still exist at that point, that is an extreme scenario that I do not think it is going to happen but if that was the case that will be the way we will deal with it, about your second question that is correct, the dollar can be devalued overnight without anyone having any say on it, the FED can just print as much money as they want and devalue what you can buy with your money, but they could even issue a decree saying the current 1 dollar bills are now only worth 10 cents effectively devaluing their currency 90% overnight. most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
This is what inflation does in the real life. Only looking at longer periods of time do we see the insidious nature of inflation and I am certain bitcoin is here to help save our hard earned cash from it.
Please note how much the important things outside the inflation measuring basket (I guess CPI) have risen compared to the things that are inside the basket. Inflation in education expenses are quite spectacular here, but also healthcare, not included, are on the rise.
Of course those are engineered to keep the inflation number low, so that CB's can inject more money into the system and distort it even more.
If the US dollar depreciates and inflation rises the USD will have a problem and so on inflation lowers everything including a country's economy. In this case the man of BTC will be reduced a lot but the currency will not be violated. As soon as the price goes up btc value will return to its previous place bitcoin can be matched with real currency. Bitcoin transactions do not require any financial institution so its transaction movements cannot be followed in any way USD there will be alternative methods even if there is a problem.
lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??
The simple answer is we can't know that
It is not the devaluation of the currency itself that matters here but rather economic conditions in which it occurs. For example, if the world economy implodes, it is unlikely that Bitcoin will be more worth in real terms. On the other hand, if inflation actually contributes to the economic growth (this is also possible), its value may in fact rise both in real and relative terms (i.e. how much 1 bitcoin is worth in dollars)
most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
If the company behind USDT pulls an exit scam, this is a certainty
I doubt the USD will be worthless, because America is a big country. Surely the American government has a solution to keep the USD useful,
although fiat will definitely experience high inflation in a pandemic situation due to the government printing money. But that doesn't mean
fiat is worthless, we still need fiat for transactions. Then regarding Bitcoin the value is getting higher in a situation like now, because many
people have started to trust Bitcoin as a store of value
although fiat will definitely experience high inflation in a pandemic situation due to the government printing money. But that doesn't mean
fiat is worthless, we still need fiat for transactions. Then regarding Bitcoin the value is getting higher in a situation like now, because many
people have started to trust Bitcoin as a store of value
This is what inflation does in the real life. Only looking at longer periods of time do we see the insidious nature of inflation and I am certain bitcoin is here to help save our hard earned cash from it.
lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??
If USD is devalued in imagination also then whole world will suffer economic crisis in the first instance. I mean come on, USD forms the most basic formula for each currency in the world. I mean considering USD then followed by GBP.
I dont think USA will ever let it get devalued.
BTC value is literally has indirect relation with USD. I mean it's about the market cap that BTC is holding, how much money is in there! It will stay strong for longer though.
most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
Same here, I don't think USDT will get hampered with the devaluation. They will hold the positions by putting more liquid investments into it.
lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??
most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
No, usd dollar can never be worthless. It always has its own price either high or low. Many countries are depended on this currency and as you observe, it is the most value currency in the world. Moreover, the monetary system has been developed for century. Precisely banks and the government understands how to maintain the power of cash in the 21stmost traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
After all, people cant live totally without cash. Thats why dollar can never ever sudenly disappear
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