Fiat Money is a Bubble - page 2. | Bitcointalksearch.org

wxa7115

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Quote from: keyscore44 on November 17, 2019, 02:29:43 PM

Quote from: wxa7115 on November 17, 2019, 02:18:47 PM

Quote from: keyscore44 on November 11, 2019, 03:56:47 AM

When the global crisis arrives, cryptocurrencies will be the perfect instrument to escape from a decline in value, because is not based on import and export. It is not known, when the fiat money bubble will burst, because the US Central Bank is still printing dollars on which the world economy is based. It will happen someday, but it may take many years...

Gold and silver will be another way to protect yourself from the crisis that is coming, unfortunately many people are living paycheck to paycheck and do not have any money left to invest, that would be bad enough but most people that I know are slaves to the bankers and they just do not know it, they are indebted and they will probably be this way for the next 20 years if not for life and they seem to live in the assumption that the system cannot fail.

And we know this is not true, we have seen the economy of single countries fail spectacularly just in the last decade and it is likely the fiat system will fail as well at some point in the future and yet they have no way to protect themselves from this obvious danger.

Talk about what is better security - gold or Bitcoin, has been going on for years. But in my opinion, you can't just stand for one of them. I think that the best form of escape in the event of a financial crisis is diversification in several different independent ways: gold, Bitcoin, real estate, works of art, diamonds, and may be even less known forms, such as stamps. The more of them the better. But ofcourse it all depends on form of the crisis. For the fiat money crisis for sure Bitcoin will be the best form , because his value will be rising proportionaly to the dump of fiat value.

Diversifying the way you protect yourself in the case of a crisis is a good idea but historically people have used precious metals to protect themselves from the mismanagement of the economy by the governments simply because it has too many advantages over the rest of the methods, for example if you try to use real estate to protect yourself you'll find out that one of the assets that begins to lose value immediately in the middle of a crisis is real estate.

And there are many other problems with real estate, you need a lot of money to buy it on the first place, it is not mobile so your wealth is tied to a particular place, it can be subject to vandalism and in the case of a crisis it can be very difficult to sell.

keyscore44

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Quote from: wxa7115 on November 17, 2019, 02:18:47 PM

Quote from: keyscore44 on November 11, 2019, 03:56:47 AM

When the global crisis arrives, cryptocurrencies will be the perfect instrument to escape from a decline in value, because is not based on import and export. It is not known, when the fiat money bubble will burst, because the US Central Bank is still printing dollars on which the world economy is based. It will happen someday, but it may take many years...

Gold and silver will be another way to protect yourself from the crisis that is coming, unfortunately many people are living paycheck to paycheck and do not have any money left to invest, that would be bad enough but most people that I know are slaves to the bankers and they just do not know it, they are indebted and they will probably be this way for the next 20 years if not for life and they seem to live in the assumption that the system cannot fail.

And we know this is not true, we have seen the economy of single countries fail spectacularly just in the last decade and it is likely the fiat system will fail as well at some point in the future and yet they have no way to protect themselves from this obvious danger.

Talk about what is better security - gold or Bitcoin, has been going on for years. But in my opinion, you can't just stand for one of them. I think that the best form of escape in the event of a financial crisis is diversification in several different independent ways: gold, Bitcoin, real estate, works of art, diamonds, and may be even less known forms, such as stamps. The more of them the better. But ofcourse it all depends on form of the crisis. For the fiat money crisis for sure Bitcoin will be the best form , because his value will be rising proportionaly to the dump of fiat value.

wxa7115

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Quote from: keyscore44 on November 11, 2019, 03:56:47 AM

When the global crisis arrives, cryptocurrencies will be the perfect instrument to escape from a decline in value, because is not based on import and export. It is not known, when the fiat money bubble will burst, because the US Central Bank is still printing dollars on which the world economy is based. It will happen someday, but it may take many years...

Gold and silver will be another way to protect yourself from the crisis that is coming, unfortunately many people are living paycheck to paycheck and do not have any money left to invest, that would be bad enough but most people that I know are slaves to the bankers and they just do not know it, they are indebted and they will probably be this way for the next 20 years if not for life and they seem to live in the assumption that the system cannot fail.

And we know this is not true, we have seen the economy of single countries fail spectacularly just in the last decade and it is likely the fiat system will fail as well at some point in the future and yet they have no way to protect themselves from this obvious danger.

Bitcoin Seller

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Quote from: GideonGono on November 07, 2019, 12:12:11 PM

Quote from: ecnalubma on November 07, 2019, 07:56:45 AM

Its not a bubble because its value don't seem to skyrocket and pop. It only bubbles due to its infinite supply but the value keeps on inflating and not backed by anything. Bitcoin is the real money with proof and hard to faked fiat money should be inspired by it.

I think they only believe that it was bubble cause they believe that when it become huge like a bubble or I mean the price will be more expensive then it will die sooner I think that is they want to say for that bitcoin is like a bubble.

You can't predict a future but you can make a theory on it so it is depend on a people if they believe on it or not.

Everything here might depend on the country. If we speak about Venezuela and Turkey, their national currencies resemble a bubble too much. The USA dollar is far from it. Euro is also the currency, which is stable. I do not mention here pound, which still remains one of the most respected currencies in the world.

Murat

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Definitely, Fiat is also a form of Bubble, if inflation is true then obviously Fiat is related to the bubble. when you have money for the deposit purpose then this value of money will decrease so the capacity of your money must lessen, in this sense, every form of money is more or less bubble, but the perception about Bitcoin is getting changed day by day, people still have a shallow idea about platform and this is why they are talking about negativity of this platform, they only compare with fiat money but they even don't know how it could help for the personal as well as whole economy. time will explain about the real scenario of Bitcoin.

GoodSign

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Wassup yall. new in here. What does it take to get an altcoin published? er? whatever?

spike420211

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Quote from: keyscore44 on November 10, 2019, 11:25:15 AM

Quote from: alexforneus on November 10, 2019, 10:26:31 AM

And stocks market is a bubble too. The whole market is a bubble. Thats a typical situation

In fact, all financial markets are somewhat dependent on each other and interacting in some way, so there is a lot of truth in what you wrote. However, we are talking here about the fact that Central Banks manipulate money (they print money, adjust interest rates to their own needs, etc. ) and it can end very badly at any time. When the bubble bursts in the world will become what happened recently in Argentina.

How strong are all the financial bubbles surrounding us we will find out pretty soon, because there is no better test than the financial crisis, which, by the way, is just around the corner.
I can assume that crypto assets will prove worthy in the coming dark times. Then we'll see.

keyscore44

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Quote from: spike420211 on November 10, 2019, 07:53:29 PM

Quote from: keyscore44 on November 10, 2019, 11:25:15 AM

Quote from: alexforneus on November 10, 2019, 10:26:31 AM

And stocks market is a bubble too. The whole market is a bubble. Thats a typical situation

In fact, all financial markets are somewhat dependent on each other and interacting in some way, so there is a lot of truth in what you wrote. However, we are talking here about the fact that Central Banks manipulate money (they print money, adjust interest rates to their own needs, etc. ) and it can end very badly at any time. When the bubble bursts in the world will become what happened recently in Argentina.

How strong are all the financial bubbles surrounding us we will find out pretty soon, because there is no better test than the financial crisis, which, by the way, is just around the corner.
I can assume that crypto assets will prove worthy in the coming dark times. Then we'll see.

When the global crisis arrives, cryptocurrencies will be the perfect instrument to escape from a decline in value, because is not based on import and export. It is not known, when the fiat money bubble will burst, because the US Central Bank is still printing dollars on which the world economy is based. It will happen someday, but it may take many years...

Brunus

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Of course, bitcoin is a bubble, fiat is a bubble ... in fact, everything that exists on the planet is a bubble and is destined to die sooner or later.
Even the planet itself ...
So instead of creating alarmism, we try to take advantage of the "bubbles" before they burst.
Life is short...

keyscore44

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Quote from: alexforneus on November 10, 2019, 10:26:31 AM

And stocks market is a bubble too. The whole market is a bubble. Thats a typical situation

In fact, all financial markets are somewhat dependent on each other and interacting in some way, so there is a lot of truth in what you wrote. However, we are talking here about the fact that Central Banks manipulate money (they print money, adjust interest rates to their own needs, etc. ) and it can end very badly at any time. When the bubble bursts in the world will become what happened recently in Argentina.

alexforneus

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And stocks market is a bubble too. The whole market is a bubble. Thats a typical situation

keyscore44

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Quote from: qwertyup23 on November 09, 2019, 12:17:42 AM

Quote from: JunoCoin on October 23, 2017, 01:37:09 PM

Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.

I would not call FIAT to be a bubble due to several reasons:

First, the whole fiat system is managed by the government through the Central Bank. They manage the inflation, check the necessary prices in the market, and adjust the following depending on their research and data;

Second, the value of fiat depends on the number of gold reserve the country has. Depending on the reserves the value of fiat may exceed the proportionate of its gold reserves but it would render its value useless; and

Third, fiat is centralized in nature which is accepted as the universal medium of exchange. If it were a bubble, then its value would be significantly large.

For a long time, fiat money has not been secured by gold or anything else, except maybe the faith that the central bank knows what is doing.

The American Central Bank no longer hides the fact that it is still printing dollars and does not intend to stop doing this.

qwertyup23

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Quote from: JunoCoin on October 23, 2017, 01:37:09 PM

Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.

I would not call FIAT to be a bubble due to several reasons:

First, the whole fiat system is managed by the government through the Central Bank. They manage the inflation, check the necessary prices in the market, and adjust the following depending on their research and data;

Second, the value of fiat depends on the number of gold reserve the country has. Depending on the reserves the value of fiat may exceed the proportionate of its gold reserves but it would render its value useless; and

Third, fiat is centralized in nature which is accepted as the universal medium of exchange. If it were a bubble, then its value would be significantly large.

KennyR

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Quote from: Yatsan on November 08, 2019, 01:19:12 PM

Quote from: JunoCoin on October 23, 2017, 01:37:09 PM

Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.

Basically, there are three types of real money: commodity, representative, and fiat. The commodity is gold, silver, and copper. the representative is paper money that is backed by gold, 100$ of representative money is equals to 100$ worth of gold. And the fiat, which we are using now is just backed by faith. Basically, the fiat is just literally a paper and has no value at all. So you are right! Fiat is just backed by faith and no real-world value, unlike bitcoin, which is based on supply and demand.

In one way what's been mentioned seems to be the reality of the fiat or the paper money. Same time considering the other part of printing money it is printed with some backing source. With bitcoin we have demand to supply with limitations while with fiat the same but there isn't any limitation. The limitation is set based on the prevailing economic condition.

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Quote from: EdvinZ on November 08, 2019, 02:49:33 AM

Any currency, stock or anything of value that can be measured by money is a bubble. The price of any valuable thing can be artificially increased, thereby creating a price bubble for it. I think that everything that is bought and sold in one way or another can be called a bubble. Think the crux of the is clear. In a market economy, where the seller is free to make any price of his goods, price fluctuations are almost everywhere. Not spared this phenomenon and the markets of currencies, stocks and cryptocurrencies. Asset prices can indeed be manipulated.

Bubble is something that is going to pop out soon, hence disappearing forever and the future of fiat is no different. It will be leaving us soon. As digital currencies are here with us, these are the future of money. Not everything is bubble. There are altcoins that turned out to be bubbles but then there exist altcoins that have become essential to hold for future’s sake. Prices do change but it should not kill something that is not bubble.

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Quote from: AicecreaME on November 07, 2019, 12:13:39 PM

Quote from: ecnalubma on November 07, 2019, 07:56:45 AM

Quote from: JunoCoin on October 23, 2017, 01:37:09 PM

Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.

Its not a bubble because its value don't seem to skyrocket and pop. It only bubbles due to its infinite supply but the value keeps on inflating and not backed by anything.

You don't even know it for yourself if it is a bubble or not by saying two statements that contradicts each other to make things complicated and unclear, although your second sentence sums it up already, it is a bubble because clearly fiat doesn't have anything on its back to prevent inflation that's cause currency devaluation, if that is not a bubble to you, I don't know anymore what bubble's look like to you.

Though I can’t say that some fiats aren’t really back by anything because a long time ago a country could only produce fiats based on their gold and silver results and I I remember correctly the US government had passed a law to untie the fiat from the country’s reserve. So the question might be, where does the fiat get its value from? Is it from the trust of the people? Or rather the circulation keeps going on and on since it had already taken a deep root in our society that some countries don’t need to back their fiat of something to stabilize its price?

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Quote from: JunoCoin on October 23, 2017, 01:37:09 PM

Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.

Basically, there are three types of real money: commodity, representative, and fiat. The commodity is gold, silver, and copper. the representative is paper money that is backed by gold, 100$ of representative money is equals to 100$ worth of gold. And the fiat, which we are using now is just backed by faith. Basically, the fiat is just literally a paper and has no value at all. So you are right! Fiat is just backed by faith and no real-world value, unlike bitcoin, which is based on supply and demand.

EdvinZ

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Any currency, stock or anything of value that can be measured by money is a bubble. The price of any valuable thing can be artificially increased, thereby creating a price bubble for it. I think that everything that is bought and sold in one way or another can be called a bubble. Think the crux of the is clear. In a market economy, where the seller is free to make any price of his goods, price fluctuations are almost everywhere. Not spared this phenomenon and the markets of currencies, stocks and cryptocurrencies. Asset prices can indeed be manipulated.

mdgabrielzim

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I agree with you that fiat lives on a bubble. Money and btc base their price on trust, while hearing trust money will be worth something, but when that is over their value may be nonexistent.

Kevondo

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Quote from: aysg76 on November 06, 2019, 11:06:08 AM

Quote from: JunoCoin on October 23, 2017, 01:37:09 PM

Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.

Yes i agree with you because fiat money don't have any tangible value and are not backed by any physical store of value like gold thesedays which makes its value less but they are legal system supported by governmemts and without them there is no value of goods and services in global market.The worle operates only on the base of fiat money so its quite controversial.

At present, doubtlessly, fiat has its own place and it is playing the role of medium of exchange. Governments are still using it but this wont remain the case forever. If not earlier, then later all the countries will be releasing their own digital coins and accept the existing coins too. Bitcoin is already legal in few countries now. With time, systems get revolutionized and now it is the money system that needs to be changed.

Topic: Fiat Money is a Bubble - page 2. (Read 1794 times)