Topic: Fiat Money is a Bubble - page 5. (Read 1815 times)
When a country collapses, the pile of paper money that they keep will only be equivalent in value to the pile of used newspapers, due to the economic bubble that breaks into recession and a prolonged monetary crisis. the safest is gold, because we buy crypto with money, and we sell crypto to get money. crypto and fiat money are interrelated
The fiat money is certainly a bubble, as has been demonstrated over and over again in the course of our civilization.
But we forget that it is our very existence that is a bubble: everything is born, lives, ages and dies.
The important thing is to take advantage of what we have right now.
If it's a bubble, that's ok...
But we forget that it is our very existence that is a bubble: everything is born, lives, ages and dies.
The important thing is to take advantage of what we have right now.
If it's a bubble, that's ok...
Why raise this hype, which is aimed at informational propaganda against fiat currencies? With such success, you can blame cryptocurrency, but you must understand that not all members of our society are able to use cryptocurrency in everyday life. I believe that the adaptation of humanity to cryptocurrency will take quite a long time.
Bubble in the sense that it can't be contained for a long time is actually correct. It is a bubble that is supported by the governments of the world and backed by them so it is taking a long time to burst but if you look at what makes something bubble and look at what is fiat currency you will realize there is a lot of common grounds.
Fiat currency is keeps getting printed more and more, hell we had 800 billion printed to save the companies in 2008 so that we wouldn't be bankrupted, having 800 billion printed destroyed the economy for a long time but at the same time if USA didn't do that it would have been much much worse for the world. Hence fiat is a bubble that is waiting to be burst eventually because it is unsustainable for the long term but without any alternative (hopefully bitcoin will be one) there is not much people can do and will continue with fiat.
although we know fiat is bubble, but the most important thing is fiat is supported by the government, and this is what makes fiat may not be replaced by bitcoin. I think the government prefers to be able to control it, such as fiat currency, so that the government is the only institution that can make economic policy, and must be obeyed by its people Fiat currency is keeps getting printed more and more, hell we had 800 billion printed to save the companies in 2008 so that we wouldn't be bankrupted, having 800 billion printed destroyed the economy for a long time but at the same time if USA didn't do that it would have been much much worse for the world. Hence fiat is a bubble that is waiting to be burst eventually because it is unsustainable for the long term but without any alternative (hopefully bitcoin will be one) there is not much people can do and will continue with fiat.
FIAT is not a bubble because the price of FIAT does not fluctuate too large, and it is always stable with low volatility. Everything will become a bubble if their prices rise too quickly in a short time. Failure to control the price movement will make everything a bubble.
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.
it is , but only since the gold standard was abolished
the banks are printing as much money as the governments are willing to buy from them and that could be any figure , really
fiat money have as much value as we are willing to pay for it , if you take Venezuela's bolivar , for example
it does have value , yet its inflation rate almost broke the zimbabvian record , reaching 1,000,000% by the end of the year according to IMF
same goes for the US dollar , as long as it is accepted across the globe it has some value , in reality the country has 21 trillion debt which i more than the total money supply
central banks will be monitoring the currency and they increasing or decreasing the currency value based on there countries economy and needs ,
fiat currency value wont fluctuate easily where bitcoin value can fluctuate and we have seen bitcoin price movement also
fiat currency value wont fluctuate easily where bitcoin value can fluctuate and we have seen bitcoin price movement also
Fiat money is not a bubble, because there is a central authority that takes decision according to the money circulation required. Always there will be reserve maintained in every country's central banking authority to stay away from recessions. The fiat money gets to be a bubble when there is more fiat into circulation than required. In specific this happens when there is surplus in the printing of currencies without proper monetary policies. At present USA and China have engaged in these kind of activities.
Iny own personal view every currency is a bubble as long as it can be traded on the stock exchange and the ability to go against other currency which can result in it losing it value at every point in time. So not only bitcoin that can be term a bubble all currency can also be refer to as a bubble.
If you think about it, almost all the financial systems of the world are bubbles, with more or less high stability. The more active the bubble, the more resources it requires, the more difficult it is to supply it, which means that sooner or later it must burst. And as a rule, after this, a new bubble appears, and so on in a circle.
If fiat money is a bubble then this bubble lasts really long time.
I know that some had ideas how Bitcoin and cryptocurrencies will replace fiat but I think by know everyone knows this is not going to happen. Fiat money will continue to exist and the economies around the world will continue to depend on them. Still that doesn't mean that cryptocurrencies will not develope further and become more and more accepted, just not instead of fiat money.
right, only a few countries are bankrupt, they are competing in the country's economic growth. those who went bankrupt because of a chaotic state system, like Venezuela. and I think fiat will still exist, cryptocurrency will be an alternative payment, as an effect of the development of technology that can not be avoidedI know that some had ideas how Bitcoin and cryptocurrencies will replace fiat but I think by know everyone knows this is not going to happen. Fiat money will continue to exist and the economies around the world will continue to depend on them. Still that doesn't mean that cryptocurrencies will not develope further and become more and more accepted, just not instead of fiat money.
But, we are the ones that has misconstrued it and make it seems like its purpose was to completely replace the system of government which makes them think it is a technology that would disrupt the financial system of government meanwhile the technology is only meant to assist those who are suffering from the problem that bitcoin has proffered solution to including the entire government system itself.
Bubble in the sense that it can't be contained for a long time is actually correct. It is a bubble that is supported by the governments of the world and backed by them so it is taking a long time to burst but if you look at what makes something bubble and look at what is fiat currency you will realize there is a lot of common grounds.
Fiat currency is keeps getting printed more and more, hell we had 800 billion printed to save the companies in 2008 so that we wouldn't be bankrupted, having 800 billion printed destroyed the economy for a long time but at the same time if USA didn't do that it would have been much much worse for the world. Hence fiat is a bubble that is waiting to be burst eventually because it is unsustainable for the long term but without any alternative (hopefully bitcoin will be one) there is not much people can do and will continue with fiat.
Fiat currency is keeps getting printed more and more, hell we had 800 billion printed to save the companies in 2008 so that we wouldn't be bankrupted, having 800 billion printed destroyed the economy for a long time but at the same time if USA didn't do that it would have been much much worse for the world. Hence fiat is a bubble that is waiting to be burst eventually because it is unsustainable for the long term but without any alternative (hopefully bitcoin will be one) there is not much people can do and will continue with fiat.
And bitcoin is perhaps the best possible way to short that bubble
If fiat money is a bubble then this bubble lasts really long time.
I know that some had ideas how Bitcoin and cryptocurrencies will replace fiat but I think by know everyone knows this is not going to happen. Fiat money will continue to exist and the economies around the world will continue to depend on them. Still that doesn't mean that cryptocurrencies will not develope further and become more and more accepted, just not instead of fiat money.
right, only a few countries are bankrupt, they are competing in the country's economic growth. those who went bankrupt because of a chaotic state system, like Venezuela. and I think fiat will still exist, cryptocurrency will be an alternative payment, as an effect of the development of technology that can not be avoided I know that some had ideas how Bitcoin and cryptocurrencies will replace fiat but I think by know everyone knows this is not going to happen. Fiat money will continue to exist and the economies around the world will continue to depend on them. Still that doesn't mean that cryptocurrencies will not develope further and become more and more accepted, just not instead of fiat money.
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 l believe that fiat money will get bubble in the future because we will live in a cashless society in the future. All will be digital in the future because we're having a high technology now. So l agree fiat will dis appear in the future.
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.
Indeed, for many fiat money is a "bubble"
But which long-term complex economic system isn't?
Its about how long they last until they are replaced with something more intricate and complex.
So far the Bretton Woods / oil-backed USD / debt-fuelled model has held. Cracks were forming before cryptocurrencies showed up. More are showing faster than they can be fixed.
Cash is being digitally "printed" like crazy, while paper bills are being slowly discontinued. An opaque game of numbers.
With all its flaws, cryptocurrency is the path forward for greater accountability, freedom and transparency.
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 think you have a wrong perception about fiat money. It is called fiat money because money is printed only based on trust in the government and has been released from the value of gold. If you mean that our money is taken by someone else, it happens because of buying and selling or trading. Fiat money becomes buble because it is always printed without collateral except trust.
If fiat money is a bubble then this bubble lasts really long time.
I know that some had ideas how Bitcoin and cryptocurrencies will replace fiat but I think by know everyone knows this is not going to happen. Fiat money will continue to exist and the economies around the world will continue to depend on them. Still that doesn't mean that cryptocurrencies will not develope further and become more and more accepted, just not instead of fiat money.
It is just an over exaggeration to really believe that cryptocurrency will replace fiat, we all know that it would be impossible, it is just all part of the hype, and the truth is what has been stated by you here, but as described in the Nakamoto paper, it is meant to serve as a currency, and one that would be an alternative to the fiat, so if anyone is finding it difficult to make a transaction through fiat, then they move over to cryptocurrency to see if it would make it easy. I know that some had ideas how Bitcoin and cryptocurrencies will replace fiat but I think by know everyone knows this is not going to happen. Fiat money will continue to exist and the economies around the world will continue to depend on them. Still that doesn't mean that cryptocurrencies will not develope further and become more and more accepted, just not instead of fiat money.
It is from there that each and every one of us would decide in which system is beast for us, and this is the main reason why it has limited supply. It is not a system for everyone, but for those who would take it as an easy means of transacting money. It would only help better the system of payment.
The whole economy is a bubble. And bubble here to stay
Money that is centralized will always end up becoming a bubble since sooner or later those who control the money will end up becoming greedy and issue way too much money leading to asset inflation (like inflated stock and real estate prices) and in turn a collaps. That's why btc is the savior.
Banks simply called as inflation but the reality is there printing more money than what they are supposed to do, if the inflation rate increases a lot then the economy of the country will collapse like Venezuela if people become more smarter then they will adopt to the decentralized payment which can save their value of money going into the hands of few people.Jump to: