Crypto vs Fiat - page 4. | Bitcointalksearch.org

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: Princejebs on July 18, 2021, 04:30:03 AM

It's nothing but inflation and inflation. There is nothing new to it.
While everyone is claiming Fiat is the devil and what they all hate, we all need fiat than any one. Crypto might act as a store of value but I don't think it will anyway serve people as money, the risk is so high that an average man may be left out and the poor masses who lack proper education.
Has anyone thought of how scammers will outrun illiterate with there wallet? Its going to be a disaster.
Bitcoin may be a store of value but its far from what money is doing though what have a merit has a demerit everything ceteris paribus.

Bitcoin is not a store of value either, it works on its own demand and supply but the money issued by the government does more harm than good to the users and if you are still believing that money is the saviour than you are the part of the trapped community and you need more knowledge about financial freedom to understand all these things or atleast the picture in OP.

Princejebs

member

Activity: 560

Merit: 26

It's nothing but inflation and inflation. There is nothing new to it.
While everyone is claiming Fiat is the devil and what they all hate, we all need fiat than any one. Crypto might act as a store of value but I don't think it will anyway serve people as money, the risk is so high that an average man may be left out and the poor masses who lack proper education.
Has anyone thought of how scammers will outrun illiterate with there wallet? Its going to be a disaster.
Bitcoin may be a store of value but its far from what money is doing though what have a merit has a demerit everything ceteris paribus.

jaysabi

legendary

Activity: 2044

Merit: 1115

★777Coin.com★ Fun BTC Casino!

Quote from: Gozie51 on July 11, 2021, 12:17:26 PM

Quote from: boumalo on July 10, 2021, 02:31:09 PM

Hyperinflation is most likely coming and when it does, everyone will be like dah of course. But right now, only a few of us prepare, it reminds me of the 2013-2014 time in BTC, the writing was on the wall but it seems the price increase will never come.

I think hyperinflation is already here in the world because almost every nation is worried about cost of goes. Covid-19 is a major cause of this hyperinflation because it got most countries to print more money to take care of lockdown as they need to distribute some food stuffs to the citizens . In US there was stimulus parkages and that saw them printing and floating money into the economy. Likewise other countries went borrowing and that brought in unbudgeted money to the system. Inflation is usually caused when too much money is in circulation and of course too much money was in circulation during the covid-19 and now.

It's plainly obvious hyperinflation is not here and you can tell by the fact that prices are not hyperinflating. There's no way to hide hyperinflation. If it was here, you would know it because prices would be growing through the roof across the board. It's not happening.

boumalo

legendary

Activity: 1918

Merit: 1018

All fiat currencies are ended up to 0

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: Gozie51 on July 11, 2021, 12:17:26 PM

Quote from: boumalo on July 10, 2021, 02:31:09 PM

Hyperinflation is most likely coming and when it does, everyone will be like dah of course. But right now, only a few of us prepare, it reminds me of the 2013-2014 time in BTC, the writing was on the wall but it seems the price increase will never come.

I think hyperinflation is already here in the world because almost every nation is worried about cost of goes. Covid-19 is a major cause of this hyperinflation because it got most countries to print more money to take care of lockdown as they need to distribute some food stuffs to the citizens . In US there was stimulus parkages and that saw them printing and floating money into the economy. Likewise other countries went borrowing and that brought in unbudgeted money to the system. Inflation is usually caused when too much money is in circulation and of course too much money was in circulation during the covid-19 and now.

I agree, we have the world economy running under steroids since more than a year: it's like having a drug addict receiving more and more substance, at some point he's gonna break down. This is what's gonna happen at the economy, at some point probably soon, the real economy and the financial economy are going to split for good. And then I hope all of you are prepared for what's gonna happen. You still have time to protect yourself, choose wisely the assets you invest into.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

Quote from: boumalo on July 10, 2021, 02:31:09 PM

Hyperinflation is most likely coming and when it does, everyone will be like dah of course. But right now, only a few of us prepare, it reminds me of the 2013-2014 time in BTC, the writing was on the wall but it seems the price increase will never come.

I think hyperinflation is already here in the world because almost every nation is worried about cost of goes. Covid-19 is a major cause of this hyperinflation because it got most countries to print more money to take care of lockdown as they need to distribute some food stuffs to the citizens . In US there was stimulus parkages and that saw them printing and floating money into the economy. Likewise other countries went borrowing and that brought in unbudgeted money to the system. Inflation is usually caused when too much money is in circulation and of course too much money was in circulation during the covid-19 and now.

Quidat

hero member

Activity: 2688

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: Coroline on June 30, 2021, 11:36:21 AM

Behind these basic differences, both crypto and fiat currencies have similarities, both can be accepted because of trust to function as a medium of exchange. Fiat currency is believed to have value and is trusted as a medium of exchange because it is issued by the government. While bitcoin, although not issued by the government, more and more people believe it has value, and as a medium of exchange.

Both will surely exist because it do really serve out different market in terms of payment which do have that centralized and decentralized basic characteristic and i had never think off that fiat
would really be replaced anytime soon even how crypto would progress in the future.Dont know why it is really needed for one to be replaced as we cant really deny that fiat does have some
pro's too or things that you cant see in cryptocurrencies and same goes on the other way which means they do have their own advantage and disadvantages.
If you do love decentralization then crypto would be the best thing but in the end of the day we do really still trust up fiat.

boumalo

legendary

Activity: 1918

Merit: 1018

Hyperinflation is most likely coming and when it does, everyone will be like dah of course. But right now, only a few of us prepare, it reminds me of the 2013-2014 time in BTC, the writing was on the wall but it seems the price increase will never come.

Coroline

sr. member

Activity: 1092

Merit: 256

Behind these basic differences, both crypto and fiat currencies have similarities, both can be accepted because of trust to function as a medium of exchange. Fiat currency is believed to have value and is trusted as a medium of exchange because it is issued by the government. While bitcoin, although not issued by the government, more and more people believe it has value, and as a medium of exchange.

semobo

full member

Activity: 1498

Merit: 146

Quote from: Pokapoka124 on May 28, 2021, 04:10:47 AM

If you understand this picture, congratulations, if you don’t , then you don’t understand money , no matter how much you have in the bank.
#Bitcoin is down 4% today. But next few months BTC could pump 400%. Pump or dump, storing your money in crypto beats saving up in the bank.

Many people can understand it but they will not get the ideology behind how the money system works, thanks for sharing this picture I am going to use this on social media handle so that people can realize how fool they are, and government doesn't want them to learn as well.

Obito

sr. member

Activity: 1274

Merit: 293

But that doesn't mean that you have to put everything that you have in bitcoin because despite the big profits that it might give, it can also take away those things and I think that it's a dangerous thing that we put all our money in something volatile not to mention that not everyone has a really good risk tolerance and some don't even know their risk tolerance.

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: Silberman on June 15, 2021, 09:27:20 AM

Quote from: jaysabi on June 12, 2021, 02:28:15 PM

Quote from: Lorence.xD on June 11, 2021, 04:15:56 AM

Quote from: Princejebs on June 10, 2021, 06:42:10 PM

It's so sad that inflation has eaten up everything we have in the name of making some shit income from banks that has been milking us dry since the 70s and 80s.
I don't even know exactly what they have had into people. Saving, just an ordinary interest rate that are insignificant to our life.
Your pictures speak of of just a single solution, invest in cryptocurrency now or wait after 10 years and see your $1000 becomes $10. Such an irony. Cry

The problem with the inflation is that it couldn't really hurt the people if in parallel with the growth of inflation, the wages for the workers are growing which isn't the case because the government is far too corrupt to give workers a leeway.

If the government magically waved a wand and mandated everyone magically get a 3% raise to account for inflation, do you know what that would do to the inflation rate? Raise it above 3%. You artificially increase the amount of money everyone has, inflation goes up.

This also happens when governments raise the levels at which people can indebt themselves, for example in the US the government increased the loans that it could give to students to get a good education, but what happened? The loans were so big and so easily available that the costs of education has grown many times over the inflation rate, whenever you try to artificially raise the amount of money that people have at their disposal inflation happens.

Yes the same happens in real estate and with junk bonds.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: jaysabi on June 12, 2021, 02:28:15 PM

Quote from: Lorence.xD on June 11, 2021, 04:15:56 AM

Quote from: Princejebs on June 10, 2021, 06:42:10 PM

It's so sad that inflation has eaten up everything we have in the name of making some shit income from banks that has been milking us dry since the 70s and 80s.
I don't even know exactly what they have had into people. Saving, just an ordinary interest rate that are insignificant to our life.
Your pictures speak of of just a single solution, invest in cryptocurrency now or wait after 10 years and see your $1000 becomes $10. Such an irony. Cry

The problem with the inflation is that it couldn't really hurt the people if in parallel with the growth of inflation, the wages for the workers are growing which isn't the case because the government is far too corrupt to give workers a leeway.

If the government magically waved a wand and mandated everyone magically get a 3% raise to account for inflation, do you know what that would do to the inflation rate? Raise it above 3%. You artificially increase the amount of money everyone has, inflation goes up.

This also happens when governments raise the levels at which people can indebt themselves, for example in the US the government increased the loans that it could give to students to get a good education, but what happened? The loans were so big and so easily available that the costs of education has grown many times over the inflation rate, whenever you try to artificially raise the amount of money that people have at their disposal inflation happens.

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: iv4n on June 09, 2021, 05:10:08 PM

Quote from: QuickAccount on June 07, 2021, 12:22:16 PM

I don't think BTC is going to replace money anytime soon, but I do think that BTC will be more widely accepted in the future. But with all of these companies that require so much info on purchase and an ID for alot of wallets, the anonymity of BTC is slowly being removed from most transactions and wallets.

I think that Bitcoin can't replace money! What will happen is that the entire cryptosystem will replace the traditional fiat system! Digitalization, it's the future! And crypto can deliver what is impossible for a traditional system, billions of users connected 24/7!

And I don't think it's will be an easy ride! Traditional shareholders will not give up their positions so easily, and people as people have a lot more to learn about centralized and decentralized systems, about how crypto actually works! All this is just the beginning, and I believe that this crazy ride is far from over!

Bitcoin has its place to secure some value away of centralized systems and registered assets. It is a risky way to store the value but it's a great alternative to cash&gold.

Viscore

hero member

Activity: 3178

Merit: 661

Live with peace and enjoy life!

Quote from: iv4n on June 09, 2021, 05:10:08 PM

Quote from: QuickAccount on June 07, 2021, 12:22:16 PM

I don't think BTC is going to replace money anytime soon, but I do think that BTC will be more widely accepted in the future. But with all of these companies that require so much info on purchase and an ID for alot of wallets, the anonymity of BTC is slowly being removed from most transactions and wallets.

I think that Bitcoin can't replace money! What will happen is that the entire cryptosystem will replace the traditional fiat system! Digitalization, it's the future! And crypto can deliver what is impossible for a traditional system, billions of users connected 24/7!

And I don't think it's will be an easy ride! Traditional shareholders will not give up their positions so easily, and people as people have a lot more to learn about centralized and decentralized systems, about how crypto actually works! All this is just the beginning, and I believe that this crazy ride is far from over!

Digitalization is what we are into right now not just in currency but even in some personal necessities that are inevitably out in the market these days.

However, when it comes to currency, crypto are gaining huge interest right now especially with the emergence of this covid 19 pandemic. Digitalization is slowly taking the position of fiat currencies. But i think there are still long processess before crypto takes over fiat and it should be legalized and adopted by the government first. If not, then crypto will be hard to be used as a currency and will only remain as a good store of value.

jaysabi

legendary

Activity: 2044

Merit: 1115

★777Coin.com★ Fun BTC Casino!

Quote from: Lorence.xD on June 11, 2021, 04:15:56 AM

Quote from: Princejebs on June 10, 2021, 06:42:10 PM

It's so sad that inflation has eaten up everything we have in the name of making some shit income from banks that has been milking us dry since the 70s and 80s.
I don't even know exactly what they have had into people. Saving, just an ordinary interest rate that are insignificant to our life.
Your pictures speak of of just a single solution, invest in cryptocurrency now or wait after 10 years and see your $1000 becomes $10. Such an irony. Cry

The problem with the inflation is that it couldn't really hurt the people if in parallel with the growth of inflation, the wages for the workers are growing which isn't the case because the government is far too corrupt to give workers a leeway.

If the government magically waved a wand and mandated everyone magically get a 3% raise to account for inflation, do you know what that would do to the inflation rate? Raise it above 3%. You artificially increase the amount of money everyone has, inflation goes up.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: iv4n on June 09, 2021, 05:10:08 PM

Quote from: QuickAccount on June 07, 2021, 12:22:16 PM

I don't think BTC is going to replace money anytime soon, but I do think that BTC will be more widely accepted in the future. But with all of these companies that require so much info on purchase and an ID for alot of wallets, the anonymity of BTC is slowly being removed from most transactions and wallets.

I think that Bitcoin can't replace money! What will happen is that the entire cryptosystem will replace the traditional fiat system! Digitalization, it's the future! And crypto can deliver what is impossible for a traditional system, billions of users connected 24/7!

And I don't think it's will be an easy ride! Traditional shareholders will not give up their positions so easily, and people as people have a lot more to learn about centralized and decentralized systems, about how crypto actually works! All this is just the beginning, and I believe that this crazy ride is far from over!

That happens with every system that feels it is threatened by new technology, before electricity humans used kerosene lamps so when electricity was finally harnessed those in the business of kerosene did everything to try to avoid the adoption of electricity, but it was a lost battle electricity was simply a better technology and at the end it imposed itself, and the same is going to happen with bitcoin, bitcoin is better than fiat and it does not matter how big the market of fiat is bitcoin will eventually take over it.

imstillthebest

full member

Activity: 1638

Merit: 122

the picture shows that a gold coin can increase in value but you want people to invest or hodl a btc ?
would it be convincing if btc is used in the sample but anyway a money is not hard to understand and all people in the word knows what is it and its function .
money is used for purchasing and it wont grow fast and big if you wont invest it in a growing asset like btc and gold .

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Quote from: Princejebs on June 10, 2021, 06:42:10 PM

It's so sad that inflation has eaten up everything we have in the name of making some shit income from banks that has been milking us dry since the 70s and 80s.
I don't even know exactly what they have had into people. Saving, just an ordinary interest rate that are insignificant to our life.
Your pictures speak of of just a single solution, invest in cryptocurrency now or wait after 10 years and see your $1000 becomes $10. Such an irony. Cry

The only solution is not to buy crypto, there are other methods you can save yourself but the inflation is there and you will not get the profit of it. The minimum wage in USA did not went up according to inflation, and certainly not according to how much executives get, from the time last minimum wage was decided, if you increased it based on what executives got, it would have been 45 dollars per hour for minimum wage.

Now I know you think that is impossible, but why is it possible for CEO's to get that much increase in short span of time while minimum wage workers do not get anything at all? This is basically how inflation works, rich got richer and poor stay the same. So, the solution is simple; buy gold, buy crypto, buy plot of land, buy house, buy whatever that can stand test of time and just hold on because you will lose your money for sure if you keep it at fiat.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Quote from: Princejebs on June 10, 2021, 06:42:10 PM

It's so sad that inflation has eaten up everything we have in the name of making some shit income from banks that has been milking us dry since the 70s and 80s.
I don't even know exactly what they have had into people. Saving, just an ordinary interest rate that are insignificant to our life.
Your pictures speak of of just a single solution, invest in cryptocurrency now or wait after 10 years and see your $1000 becomes $10. Such an irony. Cry

The problem with the inflation is that it couldn't really hurt the people if in parallel with the growth of inflation, the wages for the workers are growing which isn't the case because the government is far too corrupt to give workers a leeway.

Topic: Crypto vs Fiat - page 4. (Read 1257 times)