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.
Topic: Fiat Money is a Bubble - page 6. (Read 1815 times)
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.
Hi... nice posting , I agree with you that FIAT is real bubble after FED regulation money without backed by gold.
I believed bitcoin and gold value keep growing and beat old system banking.
Due to the issues of fiat and its centralized economy, it is actually a very good idea to hold physical assets like gold and silver which is very important to diversify into when thinking of investment for the future. These assets are what will be there for any one that invested in it in case of economy collapse. It is more reliable metal that people can fall back on when other means of payment cannot work like fiat and co.
Gold and silver have their volatility too, especially gold, but it can still be very reliable for future, but bitcoin will actually be the best to hold on in this type of situation that the article talked about, and I know that very soon, people would prefer to hold bitcoin as digital gold to other means like the physical gold because of its simplify and reliability.
I mean to emphasize that whether this community will agree that fiat is a bubble or not, we must move on to bitcoin for the reason of diversification while investing. Bitcoin is still at its early stage which is good for adopting it and most bitcoin investors are adopting it for their own reasons which includes considering fiat is a bubble
.
Gold and silver have their volatility too, especially gold, but it can still be very reliable for future, but bitcoin will actually be the best to hold on in this type of situation that the article talked about, and I know that very soon, people would prefer to hold bitcoin as digital gold to other means like the physical gold because of its simplify and reliability.
I mean to emphasize that whether this community will agree that fiat is a bubble or not, we must move on to bitcoin for the reason of diversification while investing. Bitcoin is still at its early stage which is good for adopting it and most bitcoin investors are adopting it for their own reasons which includes considering fiat is a bubble
.
Since it is based on (abused) trust, nearly blind trust... would say it is a big and no longer sustainable bubble.
See this world money map for big picture
https://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/
You see, the derivatives are a mesh already...
so much room to grow for Bitcoin.
See this world money map for big picture
https://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/
You see, the derivatives are a mesh already...
so much room to grow for Bitcoin.
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.
Hi... nice posting , I agree with you that FIAT is real bubble after FED regulation money without backed by gold.
I believed bitcoin and gold value keep growing and beat old system banking.
The gold prices are up by 20% during the last three months, and that is bad news for the fiat currencies around the world. There are confirmed reports that countries such as Russia and China are dumping their US treasury bonds in favor of gold. If Russia and China are doing this now, there is no guarantee that the other countries will not follow suit in the future.
I hope that one day we are not going to discuss that countries back their currencies with Digital gold and not traditional gold.
China and Russia dump US treasury bonds because they have shaped an alliance which is against the US policies. If other countries that are allies with the US , such as the UK, will start dumping US treasury financial products then this would be an interesting case to observe its consequences.
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.
Fiat money is a bubble for a long time. If we go way back, there were no money, just trading one goods for other, but it was very inconvenient, for example, if you need wheat but you have meat and milk and the owner doesn't need that, he needs salt, so you need to trade goods to salt first and etc. Later everyone agreed to use some Ishango bone as a currency, later gold and precious metals were used instead. Currency was backed up on something. Right now, money are being printed right out of thin air and isn't backed up on anything (earlier yes, Dollars were based on gold and you could buy gold with one dollar anytime), central banks are controlling inflation and the value of money is the global acceptance, but they're just paper and bites recorded in some server right now. Federal National Reserve can print as much money as they wish.
BTC is the other story, because it isn't backed by anything, just the belief of people, but no one can copy, create or fake them, that's what makes crypto so special. I would rather choose currency which isn't controlled by anyone (with huge risk for it's price to fall) than government printed 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.
Anyway, the reason they called bitcoin a bubble is because it is not felt physically which is one characteristics of money, therefore, that it will disappear and people who had already invested will lose there money.
This exactly why we have created bitcoin, don't get me wrong the original idea and execution came from Satoshi Nakamoto and they did some bug changes and all that but we are the ones that created bitcoin, after all we gave it what importance it should be, without us users bitcoin worths zero and has no utility at all but the more we use the more we adopt it the more it becomes something important.
Fiat money can't be sustainable, they need to keep printing more and more of it in eternity, if the money system continues like this eventually one house will be 1 billion dollars, one chewing gum will be couple thousand, maybe not now but in 100-200 years its quite possible. That is why I think you should definitely be worried about fiat and move your money to crypto as much as you can afford.
Fiat money can't be sustainable, they need to keep printing more and more of it in eternity, if the money system continues like this eventually one house will be 1 billion dollars, one chewing gum will be couple thousand, maybe not now but in 100-200 years its quite possible. That is why I think you should definitely be worried about fiat and move your money to crypto as much as you can afford.
I don't think so because every time there is a sudden increase and decrease in assets that does not result in bursting of the bubble, although sometimes the price decreases but it does not lose its value which seems fiat is not a bubble, although it can sometimes happen at any time.
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. 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.
Why would anyone call fiat money "the bubble"?
Can the money be worth more or less? Yes it can butt that is not the reason to call it a bubble because what ever happens money will still be there, it doesn't matter if you live in mountains or somewhere in the city where are people and banks around and you can utilize that money in every day life.
If the systems as we know it collapse, crypto will be worthless, same as the fiat money and I think people are delusional if they think anything else.
In case of major electricity breakdown, you could still go out and buy food and medicine with paper money, but can you do anything with crypto without internet and electricity?
I think fiat money is not a bubble because they have back up by the government, and the government will do their best to protect their currency. As long as the government can control their fiat and they have huge money to protect, it won't be a problem and fiat will still stable. I don't have any idea of fiat money is a bubble or not because fiat money is different than gold and bitcoin, although they have the same purposes to help people.
Even though fiat currencies have been dominating all over the world for past many years, I think its time that now is the time that this currency will slowly be eliminated for the digital currencies.
Gold cannot replace the fiat currencies but bitcoin will completely replace the fiat one day.
This. Bitcoin is like gold without the transportation issues.
I think fiat money is not a bubble because they have back up by the government, and the government will do their best to protect their currency. As long as the government can control their fiat and they have huge money to protect, it won't be a problem and fiat will still stable. I don't have any idea of fiat money is a bubble or not because fiat money is different than gold and bitcoin, although they have the same purposes to help people.
Even though fiat currencies have been dominating all over the world for past many years, I think its time that now is the time that this currency will slowly be eliminated for the digital currencies.
Gold cannot replace the fiat currencies but bitcoin will completely replace the fiat one day.
In our world, so many things are financial bubbles of varying degrees of stability. Fiat structures like banks are obvious examples of this, and the collapse of such systems has already happened more than once.
Many banks are closing to this day leaving their depositors with nothing.
Many banks are closing to this day leaving their depositors with nothing.
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.
Anyway, the reason they called bitcoin a bubble is because it is not felt physically which is one characteristics of money, therefore, that it will disappear and people who had already invested will lose there money.
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.
The gold prices are up by 20% during the last three months, and that is bad news for the fiat currencies around the world. There are confirmed reports that countries such as Russia and China are dumping their US treasury bonds in favor of gold. If Russia and China are doing this now, there is no guarantee that the other countries will not follow suit in the future.
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I think fiat money is not a bubble because they have back up by the government, and the government will do their best to protect their currency. As long as the government can control their fiat and they have huge money to protect, it won't be a problem and fiat will still stable. I don't have any idea of fiat money is a bubble or not because fiat money is different than gold and bitcoin, although they have the same purposes to help people.
Of course, many users do not like to hold paper in their hands instead of gold or silver. Of course, the banking system and government agencies came up with paper money to make financial calculations simpler for a person. Of course, Fiat can be considered a bubble, but nevertheless, each currency is assigned an appropriate amount of gold reserves of the country whose currency this Fiat is considered to be.
Many countries don't want their citizen to hold gold and silver that is why they have huge amount of taxes,they are asking to buy gold bonds which said to be like gold but not liquidated like real gold so people need to be aware of investing on gold bonds.When fiat money starts to be adopted country uses their gold reserve to calculate amount of money to be printed but now they are printing as much as they want. Jump to: