Those printing of money will make bitcoin up to the highest than we can ever imagine. People are starting to notice that the fiat will eventually go lower in value.
And that's why they have to look for some resolution for it just like buying bitcoin and putting their money on it while waiting for it to rise up in value tremendously. Their doubts are eventually removed because of what bitcoin starts to show for its prices.
Topic: Covid 19 protecting value of money - page 3. (Read 525 times)
Inflation will be the outcome if the government print more money and the value of that paper will be meaningless and useless to all citizens. We might have negative impact of what covid brought us but it triggers new payment system like the uses of paperless and crypto payment system that everybody are using right now during these lockdowns we are experiencing.
This is true.
Printing money just because the economy is suffering will never solve the problem, in fact, it will just add another problem which is inflation. COVID-19 doesn't protect the value of money, it's making the opposite. COVID-19 makes the electronic based transaction go on trends especially Bitcoin. Fiat is pretty useless now because the majority of the population are now allowed to go outside always therefore online transactions using web wallets that uses fiat and cryptocurrency is more on demand.
COVID-19 is pushing us to adopt the future, the new normal, and the new currency we should have in the future for more profits and benefits.
I am sure the government will protect the economy which is currently in decline and print more money. I think there are rules so that inflation will not occur.
But we know now that with this pandemic we are pushing with more rapidly growing electronic transactions up high so that this has resulted in many shifting from fiat to digital currencies.
Bitcoin is one of the tools we know that the price will not reach this value but the fact is that people continue to demand a lot so this can become a legitimate transaction in the future, so in the covid-19 situation it provides many advantages, especially in cryptocurrency.
Covid 19 protectong value of money
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
I will try and make it simple. Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
Value is printing is not something that goes hand in hand.
For example:
You have a bread 🍞 which is valued at 1$ and you decide to slice it into 10 equal portions. So every portion will be priced at 0.1$. Now you distribute it amongst the people in need.
BUT
There is a problem and you don't have enough for all of the people so you have to distribute it in 100!!!!!! So now every piece is priced at 0.01$ but due to inflation in the market people are selling it for 0.1$ and it's appropriate too.
So how the market changed locally???
A product that was Worth 0.01$ is now selling at 0.1$ , it would be acceptable locally but globally they might not have the problem so you will live in your own little world thinking you have enough whereas what you have is 1/10th of the real value.
Regarding the Rich, it's indeed very unfair ofcourse since they are also getting the stimulus when they don't need any.
In cases like this, we cannot generalize that rich people will still face Covid 19. because in fact they are being terrorized all out just to survive from day to day, especially people who are in the poverty line. it can't be smacked flat. Indeed, only a few people who can survive the conditions of Covid 19 are not a big problem, they easily spend money to buy groceries which in fact their money is more worthy of being given to those who are more in need. . shopping excessively and with great disrespect for the poor.
Inflation will be the outcome if the government print more money and the value of that paper will be meaningless and useless to all citizens. We might have negative impact of what covid brought us but it triggers new payment system like the uses of paperless and crypto payment system that everybody are using right now during these lockdowns we are experiencing.
This is true.
Printing money just because the economy is suffering will never solve the problem, in fact, it will just add another problem which is inflation. COVID-19 doesn't protect the value of money, it's making the opposite. COVID-19 makes the electronic based transaction go on trends especially Bitcoin. Fiat is pretty useless now because the majority of the population are now allowed to go outside always therefore online transactions using web wallets that uses fiat and cryptocurrency is more on demand.
COVID-19 is pushing us to adopt the future, the new normal, and the new currency we should have in the future for more profits and benefits.
Inflation will be the outcome if the government print more money and the value of that paper will be meaningless and useless to all citizens. We might have negative impact of what covid brought us but it triggers new payment system like the uses of paperless and crypto payment system that everybody are using right now during these lockdowns we are experiencing.
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Check this and you know is not protecting value of money. If you print lot of money, you will push value down for it because too much money will make people lazy as they can get free money even as not having a job. When money is too much in the country, the appetite for labour will reduce and that will affect GDP level. Export will fall , standards of living will drop.
Have you only just discovered there are spenders and hoarders?
Most people spend most of what they earn while some hoard it. This is why inflation is a thing to stop the hoarders from not taking a risk by investing in something.
For example historically, when income tax and corporation tax have been high (90%+) business started buying accommodation for their workers to live in and parks/schools/churches for them. To use because it increased a person's company portfolio and slashed the amount of tax that was needed to be paid (that's why every European/UK businessman of the 15th-19th century was a "philanthropist" . You need a new road outside your factory? Why pay the government a few shillings to do it when you could get some workers on it and pocket the money.
Most people spend most of what they earn while some hoard it. This is why inflation is a thing to stop the hoarders from not taking a risk by investing in something.
For example historically, when income tax and corporation tax have been high (90%+) business started buying accommodation for their workers to live in and parks/schools/churches for them. To use because it increased a person's company portfolio and slashed the amount of tax that was needed to be paid (that's why every European/UK businessman of the 15th-19th century was a "philanthropist" . You need a new road outside your factory? Why pay the government a few shillings to do it when you could get some workers on it and pocket the money.
Covid 19 protectong value of money
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
Jump to: