Fiat currency value and Economy debt - page 3.

dothebeats

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Quote from: Polo7 on October 24, 2019, 02:07:12 PM

I think after economy boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k. Even 1 milj.... But at the end it will crash.
And after crash the fiat currency Will have biggest purache power. Crypto Will be zero.

The point is that debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

Fiat currencies are the failed financial tools that the Western world has introduced to this world. There's no paying that $200-T global debt and countries would just resort to violence and wars just so they wouldn't be able to cover up that debt. Quantitative easing also proved to be the most destructive financial technique introduced in the 21st centuries, oftentimes leading to economic collapses and recessions. The only thing that can save the world from such future crises is to overhaul the system, but then again we know this wouldn't happen knowing how most countries loved the control fiat currencies give them on their economy and on their citizens.

andycarrol

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indeed it feels very easy when you talk about world economic conditions but you have to know that the cryptocurrency economy will not be able to promise, I feel safer fiat because fiat is still able to survive until now and can be used by many people to make payments and supplies as well so much that prices have remained stable.

error08

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Quote from: Polo7 on October 24, 2019, 02:07:12 PM

During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted

So in my opinion Bitcoin Can Go up like 100k to 500k. Even 1 milj.... But at the end it will crash.
And after crash the fiat currency Will have biggest purache power. Crypto Will be zero.

Just in your fantasy, it's in real life, come on..
Some of your imaginations will not ever happen.
Nevertheless, I do agree about bitcoin has the chance to reach $100k to $500k but will not crash to zero.
Fiat currency's value depends on the government regulation maintains its value, it will have bigger purchase power if the economics grows positively and the price of goods and commodities goes down.

Wintersoldier

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Quote from: fiulpro on October 26, 2019, 09:43:31 AM

I think anything that have some value like gold , oil , stocks , Fiat , cryptocurrencies ANYTHING is something that would support the economic breakdown , also debt is sometimes a little hard for everyone but you should understand that there is nothing better than Fiat in these cases , yes it's more or so stable and relative .. it might loose the value but you should understand that it is very important for everyone in the country individually , everyone needs Fiat ... everyone!

What about if we consider the idea of incorporating cryptocurrency. to be a subsitute or even to replace physical money entirely. Maybe it is not possible at this moment, but as time passes by, adoption of cryptocurrency will make it possible. We all know that there's no fast change in system, everythung take it slow at first but when crypto becomes so widely shared that even purchasing a single item requires crypto, then it is the time that government should start an action about it. We know government is already thinking about this possibilities, what we need to do is to keep it clean, contribute and consistently utilize crypto as I know it has a potential to save one's economy.

teosanru

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Quote from: Polo7 on October 24, 2019, 02:07:12 PM

I think after economy boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k. Even 1 milj.... But at the end it will crash.
And after crash the fiat currency Will have biggest purache power. Crypto Will be zero.

The point is that debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

Actually this is a hypothetical situation which is really irrelevant. It's because fiat isn't debt from banks it's a debt from governments whom people will trust no matter what. So even if in case end of huge debt there would be no need of any sort payment as most of it is merely IOU. Your second question too is hypothetical. In case of boom asset owners do grow and this is what we call boom itself. You can't just say boom doesn't grows money for masses because it does creates jobs as investments increase. Moreover these thinks are bound to happen no matter what.

fiulpro

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I think anything that have some value like gold , oil , stocks , Fiat , cryptocurrencies ANYTHING is something that would support the economic breakdown , also debt is sometimes a little hard for everyone but you should understand that there is nothing better than Fiat in these cases , yes it's more or so stable and relative .. it might loose the value but you should understand that it is very important for everyone in the country individually , everyone needs Fiat ... everyone!

darewaller

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I think that you are looking at it from the lame man side, I know that price crash is inevitable, as far as we have traders in the market that are always making a buy and sell order, so we will always see these rise and fall, but for bitcoin to crash and zero when it reaches the peak is something that I think will never be possible because there will always be people that will be making purchase of bitcoin as the price grows, and that time too, bitcoin would have equally become a stable coin that people would want to hold it as a store of value.

Therefore, not everyone would just dump their coin for it to crash and for a price to dump, someone must be willing to sell, while someone will be willing to buy, if you have bitcoin and nobody has the need for it then, how would the money enter your bank for the whole people to now cash out their btc.

kryptqnick

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Quote from: Polo7 on October 24, 2019, 02:07:12 PM

I think after economy boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k. Even 1 milj.... But at the end it will crash.
And after crash the fiat currency Will have biggest purache power. Crypto Will be zero.

The point is that debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

It seems to me that it's not us being wrong but you are. Fiat is designed to lose value over time. It's considered natural and even good to have steady rates of inflation. As for the debt, it increases the motivation to print more and more banknotes to finally get rid of the debt and that can cause hyperinflation and the eventual crash of the currency. And if we add cryptocurrencies to all that, I think that they are the only thing that can save the economy is major fiat currencies collapse. Because even though they are volatile, at least they cannot be controlled by people that much and explode.

NathanJB

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Why do you think that after Bitcoin reaches 100k up to 500k or even 1 million USD, it will crash? Is it necessary in your theory that after reaching that high price, it must crash? Because as for me, if Bitcoin will reach that high, there will be some level of stability because transactions as well as people's Bitcoin ownership will be reduced to a few sats already. That means there will be no more large whales that could manipulate the price.

If Bitcoin reaches 100k up to 1 million, that means fiat is already dead.

Silberman

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Quote from: Polo7 on October 24, 2019, 02:07:12 PM

So in my opinion Bitcoin Can Go up like 100k to 500k. Even 1 milj.... But at the end it will crash.
And after crash the fiat currency Will have biggest purache power. Crypto Will be zero.

The point is that debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

Thiers’ law the reverse of the Gresham’s law states that under certain circumstances bad money can drive the price of good money up, and that is basically what you are describing on the first part of your post, and while a crash of the price of bitcoin is possible since most likely it will be in a bubble I do not see how it will go to zero, Zimbabwe is the perfect example of this, no one wanted to accept the official currency and it became worthless, so how does something that is worthless survives while good money collapses?

bering

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I feel like you were talking about the power of fiat and at what price bitcoin will be reached but eventually bitcoin can never defeat the power of fiat because you says although someday bitcoin will reached 500k or even 1 million per btc but it will possible to crash someday but fiat seems never losing it value and can utilize the crash of bitcoin became the biggest purchase power in the world

sheenshane

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Quote from: lobat999 on October 25, 2019, 02:28:38 AM

Quote from: Polo7 on October 24, 2019, 02:07:12 PM

So in my opinion Bitcoin Can Go up like 100k to 500k. Even 1 milj.... But at the end it will crash.
And after crash the fiat currency Will have biggest purache power. Crypto Will be zero.

Sounds like an interesting hypothesis but I would like also to assume that by the time Bitcoin reaches $1 million, it has already reached massive global audience and has enormous influence over world economies that if it is bound to crash, then the world economy will go with it but I think this doomsday prediction will likely not happen.

Let's assume but I think it will take another 10 years from now before it will reach that price. That is likely impossible to happen and I don't bother my self just thinking a very far prediction and unlikely to happen. What does OP mean crypto will be zero? As long as Bitcoin or crypto, in general, is on mainstream that is to become zero value.

I would prefer to say this, who knows what will happen in the future. That is unpredictable, let just wait and instead help the crypto market to have massive adoption.

lobat999

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Quote from: Polo7 on October 24, 2019, 02:07:12 PM

So in my opinion Bitcoin Can Go up like 100k to 500k. Even 1 milj.... But at the end it will crash.
And after crash the fiat currency Will have biggest purache power. Crypto Will be zero.

Sounds like an interesting hypothesis but I would like also to assume that by the time Bitcoin reaches $1 million, it has already reached massive global audience and has enormous influence over world economies that if it is bound to crash, then the world economy will go with it but I think this doomsday prediction will likely not happen.

Eclipse26

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Personally, it's hard for me to understand the whole context and logic. Maybe because of the construction.
I don't really underestimate fiat since both of them can work together. And I don't believe that crypto will be zero or even reach that price you have mentioned. It would be great if it will happen but that does not mean after that, its value will be zero. Yes, after its peak, the next move is to go down but not to the point it'll have no value. How you point things out seems like it's just as easy as it is but I don't think so.

Strongkored

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I see that you only think that BTC is a tools for rich people to get richer, and your statement that BTC will reach a high price is not even impossible 1Mil then crash does further illustrate that BTC is bubble same a a tulip.
It is difficult to predict the future of BTC will be like, but it is too early to say that BTC will crash.

CryptoBry

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Quote from: Polo7 on October 24, 2019, 02:07:12 PM

So in my opinion Bitcoin can go up like 100k to 500k, even 1 million. But at the end it will crash. And after crash the fiat currency will have the biggest purchase power. Crypto will be zero.

Thanks for your very optimistic prediction on how much Bitcoin can go. Just like John McAfee, you must be a strong believer and fan of Bitcoin. Bitcoin can go as high as 1 million, why not, anything is possible here but I would assume that it can take decades before we can get there. We don't have to listen to many outrageous projections as they are just junks, selling ideas and opinions which may have no real basis at all. Let's always go back to reality whenever there is that tempting and enticing pull of fantasies and dreams. On the other side of the table, after the bull run you are predicting that cryptocurrency can be back to zero after holders convert their holdings to fiat money when it reached the ATH. I would not argue with you on that as the premise of the proposition is quite shaky and can really be impossible to happen. I can sense you are really trying to tell a message here and I think I catch that. Just continue on sharing and we will be here for you.

styca

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Quote from: Polo7 on October 24, 2019, 02:07:12 PM

I think after economy boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k. Even 1 milj.... But at the end it will crash.
And after crash the fiat currency Will have biggest purache power. Crypto Will be zero.

The point is that debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

I don't really understand your argument. QE doesn't give more value to fiat, it does the opposite. I agree that society is set up in such a way that money moves in general from the poor to the rich, yes, this is unfair and unacceptable, and the links between government and the financial industry are a cause for concern. Bitcoin as a currency can remove some of that government power and help us move towards a more egalitarian society. There is no reason given as to why BTC will hit $500k-$1m, and then crash - you need to explain why you think this will happen. Personally I think that BTC will continue to increase in value over the long-term, no idea whether it will hit the highs you mentioned, but I think at some point as it enters the mainstream, the big price increase will stop and BTC will reach a natural price as a store of value, similar to gold or anything else. Orders-of-magnitude increases are not sustainable, and are are part of the early (yes it's still early) development and establishment of the coin.

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Quote from: Oilacris on October 24, 2019, 03:11:44 PM

Quote from: Polo7 on October 24, 2019, 02:07:12 PM

~

I'm not an Economics expert but I don't really like for BTC to be discussed specially when it comes to its price hitting up 100k - 1M usd price.

We can presume all we want but the reality would always slapped you down to the core.Just let things happen as it should be yet we cant
change it off in the first place.

He sounds like he came from future. We can go mess around saying that this and that would happened and then will result in totally unimaginable situation just as his stated. First thing first, we cannot already say that bitcoin would go 100k - 1M as today's market flow aren't progressing towards even in one fourth of 100k. Nevertheless, that is not even a way how economics works like if crypto goes sky-rocketted and then crashed economy will slow-down, of course not, crypto is decentralized on very top of that no one is even the main authority in crypto platform so it doesn't even affect economics in a way that crypto is highly dependent in that.

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Quote from: Polo7 on October 24, 2019, 02:07:12 PM

I think after economy boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k. Even 1 milj.... But at the end it will crash.
And after crash the fiat currency Will have biggest purache power. Crypto Will be zero.

The point is that debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

In reality, economy debt can bring unnecessary conditions that can lead to a country's economical problem. It will lead to a financial regression, but bitcoin can help us to help our economy to grow more but it just limited and finite, but that doesn't matter when it comes to global economic state or condition.

Periodik

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Quote from: Polo7 on October 24, 2019, 02:07:12 PM

I think after economy boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k. Even 1 milj.... But at the end it will crash.
And after crash the fiat currency Will have biggest purache power. Crypto Will be zero.

The point is that debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

This is just your wild imagination playing on you. Bitcoin can go up to 100,000 USD to 500,000 USD in the future. That is a possibility, but a very far one. If that happens, that will already be around the year 2150. By that time, people will not even use USD anymore to measure Bitcoin's price. USD is already a thing of the past only found in the museum. So if Bitcoin will crash by that time, there is no fiat to go back to. In that era, you are like going back to the primitive age if you go back to fiat.

Topic: Fiat currency value and Economy debt - page 3. (Read 660 times)