Topic: btc value and currency inflations - page 4. (Read 973 times)
In general, inflation occurs due to a decrease in purchasing power. inflation can turn into hyperinflation, if a decrease in purchasing power reaches a critical point of interest. while the price of bitcoin is used as a hedge against inflation scenarios, because bitcoin is digital, easily accessible, speculative, liquid, scarce and has a supply limit.
I didn't change anything. I didn't talk about the cost at all. Quote me where I talked about costs. You are making things up.
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BTC's real value for you is the price that'd make you cash em all out.
Nothing else. From which price would you cash out? $100k? That means your price is $100k for a coin.
Nothing else. From which price would you cash out? $100k? That means your price is $100k for a coin.
If this is not reasoning about the price and replacing the concepts of "price" with "desired price" then I don't even know.
And you still continue to ignore supply / demand.
Even your example about Korea is subject to this rule - they have one demand, the rest of the world has another. Why doesn't the rest of the world trade at Korean prices? You understand that comparing the local market and the General one is another mistake?
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?
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 is no world and there is no possible way that USD would ever become worthless, it is impossible for something like that to ever happen ever. Of course, it could devalue and not be as valuable as right now, that is called inflation and sometimes inflation is much worse than other years, maybe 2020 will be a record breaking high, maybe it won't be, USA is very well at hiding it, you look at school prices and the inflation is worlds biggest, you look at TV and it is not, it is cheap, so you really don't know what to look at when we are talking about inflation in USA.
However one thing is for sure and that is the fact that USD will always be valuable when you compare it to other currencies, it will always have a power because it is backed by one of the largest economies in the world.
However one thing is for sure and that is the fact that USD will always be valuable when you compare it to other currencies, it will always have a power because it is backed by one of the largest economies in the world.
valuable or worthless money depending on those who use it, of course if there is a problem with usd then your usdt will also be in trouble.
But if the USD is affected, it is certain that other currencies will also be affected.
because almost all world currencies are paired with usd, it is the same as btc which almost all alt has btc pairs in every market.
But if the USD is affected, it is certain that other currencies will also be affected.
because almost all world currencies are paired with usd, it is the same as btc which almost all alt has btc pairs in every market.
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?
Although it will be impossible, just to answer the question it is a yes. most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
USDT = USD
So it will also be valued as how USD will be.
But, I doubt it will be as low as it can get.
Just think about it, even now with the pandemic and the US being quite affected by high numbers of positive COVID-19 patients.
Their currency is still highly valued and strong. It's not that easy to preserve that.
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?
I wouldn't say it's impossible for the usd to be highly devalue but as long as economic keep moving, that can't happen. Check back from 2008, we keep hearing dollar will collapse but its getting stronger with little inflation in my opinion. USD may have inflation range of 2% as predicted by some analyst because interest rate still remains 0 and stimulus distribution is still on check.most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
Bitcoin isn't backed by usd, it's just a value that is determined by the market force, its independent of other centralized bodies( in the past) but currently correlated with stock market( S&P 500).
Bitcoin is bitcoin, demand and supply is the key factor that driven it's economy which has been working perfectly base on Satoshi whitepaper. All eyes are now focus on US elections, thus Bitcoin is enjoying the news. We have seen how PayPal, one of the giant payments system across the world is adopting cryptocurrency payments on their, that's how decentralized it should be and not tide to some individuals decisions (S&P 500 and Gold in traditional market for example).
I don't think the USD will cross the line and become worthless as long as the value of Bitcoin increases the demand for USD will increase and it is possible to get higher prices of currencies. Even if there is inflation in the country it will not have any effect. Crypto, including Fiat, will suffer a lot if the US team loses value. Nothing will happen to the US team so every trader is investing in currencies to get higher prices.
USD value is not dependent to Bitcoin's market price. The market value of Bitcoin and USD are not proportional, it is just that the price of cryptos are determined using fiat but the determinant of the true value of Bitcoin is the demand while in USD is the supply alone, if i'm not mistaken. That's why it became an issue in U. S that trump is planning to print more money which could result to hyperinflation if things will be caught off hand., but that's another case. And I also doubt that the possible decline in the value of USD will be also a burden to the market prices of cryptos.
I didn't change anything. I didn't talk about the cost at all. Quote me where I talked about costs. You are making things up.
Nobody gives a fuck about the cost. Crypto prices are all speculative.
Yes if you are willing to buy my coin for $20k while other people WANT (can't stress that enough) to buy it for $12k, and I agree to sell if for $20k, then the price between you and me is $20k. We did give no fucks about what other people were doing.
If you open your eyes, you can see it is already happening everywhere in the world.
Why do you think the Koreans were paying a lot more than the rest of the world not so long ago?
Here is a chance to educate yourself:
Kimchi Premium
Local exchanges, local markets, local rules and local prices.
usdt is said to tied with the usa dollar being tied means the effect of the other are going to feel on the other but there can be other coins that are not tied to usa a dollar . those coins are not officially called as stable coins but they have a stable characteristic we can try using them if we are have a fear of using a usdt .
for the record i havent see usd drop so much but if that happens , btc are still going to be measured by usd or other local currency . the rates of btc are going to fell i guess ?
for the record i havent see usd drop so much but if that happens , btc are still going to be measured by usd or other local currency . the rates of btc are going to fell i guess ?
lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??
It seems that you are confusing two different concepts the value of bitcoin and the exchange rate of bitcoin. The value of bitcoin exists despite fiat currencies, whereas the price is measured in them. The former is the sum of all advantages of bitcoin that makes it more valuable than government-issued currencies. The latter is simply a measure of how bad fiat currencies against bitcoin. If all the fiat currencies become devalued, it will cause bitcoin's price to astronomical grow. If all the fiat currencies are completely gone, bitcoin will no longer have an exchange rate against fiat currencies and everything will be measured in bitcoin. However, the value of bitcoin will not change, because bitcoin will have exactly the same set of advantages. 
I don't think the USD will cross the line and become worthless as long as the value of Bitcoin increases the demand for USD will increase and it is possible to get higher prices of currencies. Even if there is inflation in the country it will not have any effect. Crypto, including Fiat, will suffer a lot if the US team loses value. Nothing will happen to the US team so every trader is investing in currencies to get higher prices.
Where does this came from that USD will become Worthless?yeah the value is getting lower and lower But America will never allow this to happen even if this needs to declare another war to recover from their losses lol.i think Bitcoin is always there just to support the fiat but not to bring the fiat losing its value at all.
and besides we can use them both so why need to choose 1?
If you don't sell from $12k, that means you don't find that price appealing. It is that simple.
So you just changed the concept of "cost" to "desired price" and think that everything is fine?
If you are so sure that you are right, then I suggest you buy my 1BTC for $25k because this is my desired price.
And I'm 100% sure you won't because
1) you are not interested in buying BTC for this amount when everyone else around is selling and buying it for ~$13k
2) you are not interested in buying any product at the seller's desired price when there are offers that are better for YOU
And what do we come to? That your "desired price" is only a fiction and nothing more to which you here appeal absolutely not wanting to remember the classical law of supply and demand.
But if you are completely sure that you are right-then you are welcome, my 1BTC for $25k is always at your service, sir!
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?
USDT is being used as an standard to evaluate the price of bitcoins because we need a fixed currency relative to which we can compare other currencies and assets. So, that benchmark is USD and if something strange happens over time and we see a degradation in the value of bitcoins then we might see a new benchmark but that is unlikely to happen frankly speaking.most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
I was wondering if there should be a universal currency maybe we call it as UNC and then we set it as a new standard but thinking alone cannot do it and we have to face that the real benchmark right now is USD and no reason to think that it is going to drop and inflation rate is not very high in countries like America.
I don't think the USD will cross the line and become worthless as long as the value of Bitcoin increases the demand for USD will increase and it is possible to get higher prices of currencies. Even if there is inflation in the country it will not have any effect. Crypto, including Fiat, will suffer a lot if the US team loses value. Nothing will happen to the US team so every trader is investing in currencies to get higher prices.
You will know by being able to buy the same things for the same bitcoin price instead of same usd price. For example, check how much 1 kilo of apple worths in bitcoin and how much it worths in dollar right now. If it is let's say 10 dollars (probably not that much) and let's say its 0.0001 bitcoin (or whatever btc to dollar rate is at that moment, this is just example) if the price of 1 kilo of apple stays at 0.0001 bitcoin but becomes 20 dollars one day, you will know dollar has gone up, but bitcoin stayed with the same valuation and worth.
Of course all the rates and the apple one is just example, you can calculate it based on today as well. 1 bitcoin is almost 13k, you can buy X item for 13k or 1 bitcoin, in 10 years that X item becomes 30k let's say and it stays 1 bitcoin, that is what we are trying to achieve.
Of course all the rates and the apple one is just example, you can calculate it based on today as well. 1 bitcoin is almost 13k, you can buy X item for 13k or 1 bitcoin, in 10 years that X item becomes 30k let's say and it stays 1 bitcoin, that is what we are trying to achieve.
USD will always be valuable, not possible if American countries will go bankrupt in the near future you not need to worry about the price USD in the future if there is a war and turmoil in all the countries you have to be alert and better to buy gold if you are afraid of losing your money for investment in cryptocurrency at risk if you do not take the risk better you do not invest more in crypto.
I agree and USD is not going to drop like a pack of cards because it is used as a international currency and it would take massive collapse to drop it's value anytime soon.Keeping money in crypto is a good idea I agree but if you imagine USD losing it's value to inflation then there is no reason to believe that even bitcoins can drop under such times.
I believe USD is safe and hence is USDT so there is no need to create anew panic without any proper reasoning.
most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?
I will put my bet on BTC and that’s the cryptocurrency I am ready to hold at any time, even Ethereum. I’m still holding other coins and tokens, but I don’t really trust them that much, maybe except XRP, because they have been doing great job.
I think you are facing some quit issues with the currency.
USD is a currency which is most of the money dependent this are the one who has the largest exchange among different countries this is the reason why most people choose this currency every time they transfer or spend through a different country because they know the worth of it.
The usdt is a coin dependent on the value of the USD but the aim of this to make a remaining value into one dollar.
Also, we have a different story with the BTC it has a fixed number valid if you don't make it pair into coins.
USD is a currency which is most of the money dependent this are the one who has the largest exchange among different countries this is the reason why most people choose this currency every time they transfer or spend through a different country because they know the worth of it.
The usdt is a coin dependent on the value of the USD but the aim of this to make a remaining value into one dollar.
Also, we have a different story with the BTC it has a fixed number valid if you don't make it pair into coins.
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Just because they pay you $12k for a piece doesn't mean you have to cash out from $12k.
You don't need to force people to buy from you for $100k neither. That wasn't my point at all.
If you don't sell from $12k, that means you don't find that price appealing. It is that simple.
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