We can also consider this knowing that technology is starting to improve as time passes by and the monetary stystem goes by with it too. Everything is going digital and instant. It should not be a surprise seeing people getting tired of using fiat knowing that it has interest and has a very low volatility. It will be a massive update and improvement for the global economy, it can either become higher or lower, we cannot conclude anything yet.
Fast paced technology may be one of the reason , we need to go and follow the fast paced technology in order for us not to be left out. Many enterprises, establishment are already in a digital era wherein fiat is not the only method of payment perharps people uses digital currency to pay for their bills. 
Topic: Fiat Money Losing Worth, Bitcoin and Gold Getting Important (Read 2516 times)
There are a lot of reasons to believe that the value of our fiat money is losing its real value. We have inflation eating into the worth of goods and services that our money can buy and although this can be controlled to a certain degree this can never be stopped nor eliminated from any economic system. Another major problem is the tendency of many central banks to just print more paper money (termed as quantitative easing which is nice to ears) and circulate them to the economy. Coupled with a high degree of economic and political uncertainties as well as lack of trust for the government, we can in an era uncharted and which repercussions can be felt in the coming years.
Quote
In a recent interview with the Swiss newspaper NZZ a, Sonntag, Mr. Gruebel explained that negative interest rates are having an adverse effect on fiat currencies. “Negative interest rates are crazy,” he said, adding “That means money is not worth anything anymore.”
Gruebel stated that as long as interest rates remain in place, the financial industry as a whole will continue to shrink. Last month, the European Central Bank (ECB) decided to cut interest rates to -0.5% and Marilyn Watson, global fundamental bond product strategy team head at Black Rock, explained that there is potential for interest rates to go more negative, especially in Europe and in Japan.
Countries such as Venezuela or Argentina are registering very high inflation rates. While Venezuela is currently in a hyperinflationary spiral, Argentina could shortly follow Venezuela’s steps. Populist governments are printing money trying to convince their populations that owning more coloured papers would make them wealthier.
This is where gold and Bitcoin (BTC) could eventually become important for society.
Source.
As the fiat money is losing its value, more and more people will realize that it is time to get into the Bitcoin bandwagon as a way to partially protect their wealth and investments. That time is coming soon. We who are the pioneers in cryptocurrency have many things to thank for that we are involved at the right time.
yes you are right our OP are lucky people to have entered into bitcoin and cryptocurrency. because we realized earlier that there was no point in accumulating fiat money because it would later be eroded by high inflation. we better buy bitcoin whose price can increase in the future. bitcoin can be used as an investment tool and a good store of value. unfortunately not everyone understands bitcoin and cryptocurrrency. so they still continue to rely on fiat money.
Inflation will be the problem of fiat, later on gold and bitcoin would be a great investment for everyone ,because as time passes by , their value becomes higher and higher,people who own these things becomes rich by obtaining little amount of it. So if you have fund now better to buy bitcoin and gold it will be a long way run good investment.
I don't think is actually important , since you should understand that right now the Bitcoins is hitting low and so is everything else too , also gold is becoming Something of the past , since we are now a days moving onto new precious metals and all .
Fiat will be important for everyone no matter what , because at the end it is the one supporting everyone , since we know that already how many people are living in poverty how this world works is We need to connect everyone and I don't think they could buy gold and other cryptocurrencies.
Fiat will be important for everyone no matter what , because at the end it is the one supporting everyone , since we know that already how many people are living in poverty how this world works is We need to connect everyone and I don't think they could buy gold and other cryptocurrencies.
It is obvious that more people around the world are turning into saving cryptocurrencies instead of fiat and local currencies. Gold is a traditional asset and it is trusted by many people, but nowadays the financial revolution is represented in blockchain technology and cryptocurrency, and people are building trust with time on these assets too.
Many people will really choose to invest their money into a safest and it would be gold because time passes by gold will increase its price and the supply of gold will be lessen so the demand of it will increase. Due to the globalization and the faster grow of the technology, blockchain is also consider to be the one of the most good technology which we can get money into. Fiat will not still losing worth it is just became many people are intent to use crypto and bitcoins.
yes you are right our OP are lucky people to have entered into bitcoin and cryptocurrency. because we realized earlier that there was no point in accumulating fiat money because it would later be eroded by high inflation. we better buy bitcoin whose price can increase in the future. bitcoin can be used as an investment tool and a good store of value. unfortunately not everyone understands bitcoin and cryptocurrrency. so they still continue to rely on fiat money.
There are a lot of reasons to believe that the value of our fiat money is losing its real value. We have inflation eating into the worth of goods and services that our money can buy and although this can be controlled to a certain degree this can never be stopped nor eliminated from any economic system. Another major problem is the tendency of many central banks to just print more paper money (termed as quantitative easing which is nice to ears) and circulate them to the economy. Coupled with a high degree of economic and political uncertainties as well as lack of trust for the government, we can in an era uncharted and which repercussions can be felt in the coming years.
Quote
In a recent interview with the Swiss newspaper NZZ a, Sonntag, Mr. Gruebel explained that negative interest rates are having an adverse effect on fiat currencies. “Negative interest rates are crazy,” he said, adding “That means money is not worth anything anymore.”
Gruebel stated that as long as interest rates remain in place, the financial industry as a whole will continue to shrink. Last month, the European Central Bank (ECB) decided to cut interest rates to -0.5% and Marilyn Watson, global fundamental bond product strategy team head at Black Rock, explained that there is potential for interest rates to go more negative, especially in Europe and in Japan.
Countries such as Venezuela or Argentina are registering very high inflation rates. While Venezuela is currently in a hyperinflationary spiral, Argentina could shortly follow Venezuela’s steps. Populist governments are printing money trying to convince their populations that owning more coloured papers would make them wealthier.
This is where gold and Bitcoin (BTC) could eventually become important for society.
Source.
As the fiat money is losing its value, more and more people will realize that it is time to get into the Bitcoin bandwagon as a way to partially protect their wealth and investments. That time is coming soon. We who are the pioneers in cryptocurrency have many things to thank for that we are involved at the right time.
I dont think it was loosing its worth, fiat are the only currency that is regulated by the government and the one that we are using in our everyday life. Although cryptocurrencies are trending today, it is still on the adoption phase and is not totally accepted by the people. In the case of Gold, we can say that it was more interesting than fiat crurrency but still it stands as an asset not like a real currency that we can use in our everyday life. Same goes with Bitcoin and cryptos.
Gold if fine for me, and I really love collecting jewelries as my way of investment, so that when time comes that I need fund, I have gold on hand that I can sell anytime without any hustle. I am also investing some of my earnings in Bitcoin, but not too long, if I have profit enough, then I am withdrawing it and buying again, I am not waiting for 100% profit, I am just doing short term investing.
For me, I prefer on investing on bitcoin that much compared to gold, though, one of the factors is that, I don't want people to know where I am investing physically, so, bitcoin for me is so open, yet, so secured and in addition, volatility is so massive. In this case, we may not be sure for the future of bitcoin, but with the indications that it has showing now induces the feeling of excitement for us, investors and normal traders here on cryptocurrency space.
Fairly high inflation every year often occurs in almost all countries. I agree that continuous value refinement will force the government to choose other alternatives. Goverment seeing bitcoin? I don't think so. In my point of view gold is more trusted by the government, and also the government might adopt blockchain technology instead of bitcoin.
It is obvious that more people around the world are turning into saving cryptocurrencies instead of fiat and local currencies. Gold is a traditional asset and it is trusted by many people, but nowadays the financial revolution is represented in blockchain technology and cryptocurrency, and people are building trust with time on these assets too.
Many people will really choose to invest their money into a safest and it would be gold because time passes by gold will increase its price and the supply of gold will be lessen so the demand of it will increase. Due to the globalization and the faster grow of the technology, blockchain is also consider to be the one of the most good technology which we can get money into. Fiat will not still losing worth it is just became many people are intent to use crypto and bitcoins.Gold if fine for me, and I really love collecting jewelries as my way of investment, so that when time comes that I need fund, I have gold on hand that I can sell anytime without any hustle. I am also investing some of my earnings in Bitcoin, but not too long, if I have profit enough, then I am withdrawing it and buying again, I am not waiting for 100% profit, I am just doing short term investing.
It is obvious that more people around the world are turning into saving cryptocurrencies instead of fiat and local currencies. Gold is a traditional asset and it is trusted by many people, but nowadays the financial revolution is represented in blockchain technology and cryptocurrency, and people are building trust with time on these assets too.
Many people will really choose to invest their money into a safest and it would be gold because time passes by gold will increase its price and the supply of gold will be lessen so the demand of it will increase. Due to the globalization and the faster grow of the technology, blockchain is also consider to be the one of the most good technology which we can get money into. Fiat will not still losing worth it is just became many people are intent to use crypto and bitcoins. 
Since we live in a world of high technology, in any case, digital currencies will be recognized as the best and most profitable for non-cash payments. But one must take into account the fact that paper money will still exist as long as it is claimed by a significant part of humanity. Regarding gold and Bitcoin, Bitcoin still has to prove its potential in contrast to gold, since cryptocurrency today is a valuable asset for those who want to earn using high volatility, but few people worry about what the future will be about cryptocurrency and will whether Bitcoin is used as a means of payment.
Which potential are you talking about? To be used as a mean of payment? If yes then even gold hasn't been a perfect instrument for payment for all these years. During old times, gold coins were in circulation. Kingdoms used to impress their emblem on such coins making them official mode of payment. But as the time progress, people realized that something valuable can't be used for payment. It was leading to the violation of double coincidence of wants because money's intrinsic value was conflicting money's representational value.
Hence the world has shifted to currency notes which have very low intrinsic value but gets value due to the backing from government. Modern economy can only sustain on something like fiat currency. Both gold and btc are not viable options to be used as means of payment.
Federal Reserve speed up money injection to the economics, not sure that will be enough
now REPO overnight increased to 120 billion, from 75 billion in the beginning of the month
https://www.cnbc.com/2019/10/23/fed-repo-overnight-operations-level-to-increase-to-120-billion.html
now REPO overnight increased to 120 billion, from 75 billion in the beginning of the month
https://www.cnbc.com/2019/10/23/fed-repo-overnight-operations-level-to-increase-to-120-billion.html
Bitcoin is soon going to be made legal all over the world and as far as paper money is concerned, people want to use both i.e. digital and fiat for their daily purposes. I guess the only solution to this problem is that make both types of currencies available to people and let them have whatever they want to use.
Both cash and digital money already existed for many years now, and that without blockchain or anything related to crypto. If there is going to be something related to crypto, it will still be issued by a government.There is no way that we see governments use Bitcoin in any shape or form.... it makes no sense either because it resembles everything they have been trying to combat for many decades as they want to retain their full control.
The only reason people hope that governments adopt Bitcoin is that they think the price will go up a lot as result, but it's not realistic at all.... they haven't hoarded gold to not use that as backing. It will be used eventually, not Bitcoin.
Quantitative easing with an emphasis on inflation also depends on the debt ratio and economic resilience to interest rates. If it is still below the normal threshold, it will not damage many things explicitly, most countries cannot handle it because it only depends on one guarantee sector. Crypto cannot solve many things just like that, this is really faced by Venezuela, I mean, cannot stabilize the national economy because of many obstacles. Recapitalization by reforming the system must be done in the long term through new sectors to improve their fiat value.
I think fiat currency is still a lot of interest and can be used by many people it's just that fiat currency from year to year has begun to be abandoned because maybe its use is not very efficient because it will be easier if transactions using digital currencies can be easier and more fast when you want to make a transaction.
There are a lot of reasons to believe that the value of our fiat money is losing its real value. We have inflation eating into the worth of goods and services that our money can buy and although this can be controlled to a certain degree this can never be stopped nor eliminated from any economic system. Another major problem is the tendency of many central banks to just print more paper money (termed as quantitative easing which is nice to ears) and circulate them to the economy. Coupled with a high degree of economic and political uncertainties as well as lack of trust for the government, we can in an era uncharted and which repercussions can be felt in the coming years.
Quote
In a recent interview with the Swiss newspaper NZZ a, Sonntag, Mr. Gruebel explained that negative interest rates are having an adverse effect on fiat currencies. “Negative interest rates are crazy,” he said, adding “That means money is not worth anything anymore.”
Gruebel stated that as long as interest rates remain in place, the financial industry as a whole will continue to shrink. Last month, the European Central Bank (ECB) decided to cut interest rates to -0.5% and Marilyn Watson, global fundamental bond product strategy team head at Black Rock, explained that there is potential for interest rates to go more negative, especially in Europe and in Japan.
Countries such as Venezuela or Argentina are registering very high inflation rates. While Venezuela is currently in a hyperinflationary spiral, Argentina could shortly follow Venezuela’s steps. Populist governments are printing money trying to convince their populations that owning more coloured papers would make them wealthier.
This is where gold and Bitcoin (BTC) could eventually become important for society.
Source.
As the fiat money is losing its value, more and more people will realize that it is time to get into the Bitcoin bandwagon as a way to partially protect their wealth and investments. That time is coming soon. We who are the pioneers in cryptocurrency have many things to thank for that we are involved at the right time.
Fiat money didn't started losing value recently, it has always been part of an inflation, there are people selling houses for millions of dollars that they bought for 1000 dollars. Seriously only 50-60 years ago houses were 1000 dollars and that wasn't a small number back then, it was about 1 million dollars of today, and those people or their children after those people die is selling those houses for millions.
Inflation has been a reality way before bitcoin was created. Fiat will only get more and more worthless. Do you know what changed? There is a bigger wealth gap now, there are 3 people in all of USA richer than the bottom 50% combined, no matter how you can excuse this, it is not right, back in 1950 the richest 3 person would combine for less than 10% bottom people, as you can see the difference that is a thing we MUST bring back.
Inflation has been a reality way before bitcoin was created. Fiat will only get more and more worthless. Do you know what changed? There is a bigger wealth gap now, there are 3 people in all of USA richer than the bottom 50% combined, no matter how you can excuse this, it is not right, back in 1950 the richest 3 person would combine for less than 10% bottom people, as you can see the difference that is a thing we MUST bring back.
Fiat is losing its worth because the inflation is getting over-top and it cannot be controlled anymore no wonder why even Bill Gates told that " The next money are gonna be digital money". Inflation and a new recession will make fiat loosing even more value ...and in EUROPE with Brexit on-going , EURO and LIRA will both loose value and economical value as well....
all possibilities can happen and no one can know for sure, but in my opinion fiat currency will not disappear because it is controlled by the government and the country if it is indeed possible to cooperate in the field of finance with crypto currencies and the economy will develop rapidly and that is what is desired investors in investing safely and comfortably
Fiat is losing its worth because the inflation is getting over-top and it cannot be controlled anymore no wonder why even Bill Gates told that " The next money are gonna be digital money". Inflation and a new recession will make fiat loosing even more value ...and in EUROPE with Brexit on-going , EURO and LIRA will both loose value and economical value as well....
all possibilities can happen and no one can know for sure, but in my opinion fiat currency will not disappear because it is controlled by the government and the country if it is indeed possible to cooperate in the field of finance with crypto currencies and the economy will develop rapidly and that is what is desired investors in investing safely and comfortablyJump to: