Topic: Economy going up and up everyday - page 20. (Read 3377 times)

I disagree about cryptocurrency being the safest haven. For now, there probably nothing that the government and the oligarch can do about manipulating it, but just wait until it becomes globally indemand.

indeed with this crypto can make the economy of society to be good and can be better. but for the original money cannot be eliminated .. anyway it is our main money in doing the transaction.

Well that's true. We see a rise in the economy everyday. We can see it happening with crypto currencies today. All week is a green and we see a day or two of short red dips but will recover by the end of the day. But I don't think we should heavily rely on crypto currencies. Wr ahould also diversify our holdings to other investments.

Real estate and gold investments are only for long term it is more like storage of value but the crypto investment is rapid we can make money in very quick moment too and the cashout is also not a problem here but in real estate we have to pay huge taxes and lot of formalities,I hate those.

I think this is true, every day we are facing more serious inflation, you can see how the fiat value dropping each year, and when you flasback 5 years ago you will see huge different of value, and with the global crisis the situation become worse, crypto does give a hope fot a better economic but still you need to be careful when invest in crypto, making your own crypto won't save any economic condition, it will make the crypto market more chaotic

I am also interested in the economy and it really goes up! This is great news I would say and each of us can contribute to its development) I think that we should do this in order to get the great chances to win in the future

Communities can make their own currencies based on their preferences. The supply will be limited, and there are also deflationary cryptos like Equal.
Now you can make new cryptos, but who will accept it? What's the value behind it? Today, government create money out of thin air (rather central banks) and we all just accept it. With crypto, there needs to be something backing it up.

 Difference you failed to see.

I can agree with this because it is improving every day and I think that it will provide us a great chance to use the digital currency soon! More governments will understand how great it is !

it is better to put in the stock or something that can make your money move rapidly like here also in crypto, i cant also see that gold is a good form of investment maybe way back long. One form of investment for today is go for real estate.

If someone keeps lot of money in the banks then he is a total stupid because those money will lose its value in the few years so we have to keep it in the form of investments like in gold or other investments like stocks and crypto.But in my opinion keeping in the gold will give very low profits so we have to pick up the risky investment like crypto currency to make more reap.

That is true because a lot of people nowadays are getting into crypto business. They believe as crypto that can change their lives from bitter into better. As what I have observed a lot of people are exploring their knowledge with crypto business. They can do it with their own research due to the fact of believing that crypto business has a lot of help for them.

After this point, I think that the downward trend is over. they will gradually rise, movements will begin. I hope we will meet with the bitcoin we love again.

Economy going up and down everyday, this is very true , there is no stable economy ,which always up and never fall, in bitcoin economy this is still the same , the market is always changing every now and then and even hourly , there is a change in coin market value , from up to down or inverse change , this is what economy should happen always in variations.

No need to wait any more I think we are now living in new tech era where bitcoin is the currency which is important for us now, bitcoin is the future savior and it is more worthy than fiat now, everywhere in the world people are using new technologies to get better and well developed future, so no doubt now that bitcoin is taking over all other states of life and bitcoin is the most important currency for now even more than fiat.

I suspect interest rates are somewhat a distraction from real issues like: taxes. Most demographics don't care about interest rates and lack the financial flexibility to wait years to take advantage of times when rates are low. In ways, interest rates cater only to the wealthy and rich while ignoring all other income brackets. I've heard APR's for home loans in old black and white movies is as low as 2%. Its interesting how we've gone from paying 2% APR to a point where 6% is often deemed "normal". The same with taxes. In 1913 the rich paid 6% income taxes, while everyone else paid a 1% tax. Back in 1913 when income taxes were extremely low @ 1% we had roads, schools, firefighters and all of the other things pro tax, big government supporting, socialists say we couldn't have unless we pay 50% or higher taxes. What happened there?

There are financial statistics and perspectives which could be more relevent than the "interest rate" discussion which is extremely common and may not produce much in the way of an analysis framework for people to understand how finance or economies function/dysfunction.

Here is an interesting statistic relating to inflation:



If inflation is around 3% per year. That could imply the money supply increases approximately 3% annually. However, looking at charts which show supply perhaps different conclusions can be drawn.

Creating money out of thin air isn't so much an issue I'm thinking. The issue is, that as more money is created a greater proportion is distributed to the top of income brackets with virtually none of it being awarded to middle class and lower earners. This creates an imbalance which results in societal decay.

I agree with you. Cryptocurrency has really a big impact in the current situation of the economic growth. However, as the economy grows in our country , the means of finances here also increases which is quite hard for most people specially those who are not having crypto.

Op said crypto is safe haven for us ordinary people, do we need to add anything? It's safe haven because most of the crypto coins can't fall in inflation, there are limited supply of coins, nice catch don't you agree with that.
If we know that supply will be cut in half every 4 years, that's halving if you didn't heard about it, don't you think that we will double our money in any way?
People don't understand basic things, how they can understand economy and later crypto economy, and connections and differences they have? You can see that by newcomers that create such topics and comments they make, people need to learn a lot before we see better days.

Then the central government will act to regulate this creation of cryptocurrency out of the thin air, this must be balanced but at the same time not removing the freedom over their cryptocurrency or abusing the tax into it, cash would still be using these days and it is the general adoption of the most countries but in the near future we can see that the blockchain tech will help to innovate our currency.

Although as a digital currency user, I am very fond of it and look forward to it becoming more popular. But if you want it replaced cash, this can not happen. I do not see any measures to make it happen.

wait a minute, so do you mean digital currency can replace the cash even if it takes a long time?
I think it is impossible, even with technological advances in the future.