people, you should pay attention to the fact that we have a very low percentage of humanity’s education. What kind of full replacement of fiat currency cryptocurrency can we talk about? Today cryptocurrency is considered primarily as a means to generate income, and this income is transferred to Fiat. There are very few cryptocurrency user enthusiasts who only think about projects and high technologies.
The number of people like that is bound to increase, as the economy deteriorates and governments lose control of the chaotic system they have created people will begin to open their eyes and look for answers and solutions for their problems elsewhere and bitcoin will be there to offer them a solution to their problems as it is already doing in countries in which inflation is out of control thanks to the government and their policies, if we see something similar happening in a global scale I am sure you will see many people that will stop to care about fiat and they will care only about precious metals and cryptocurrencies. 
Topic: Is bitcoin actually protecting fiat money? - page 2. (Read 9033 times)
The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.
Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.
Even it have market inflation but it is not the reason that it wipe out fiat and also with crypto. We are holding the market and of course nobody could let it happen because if this so called inflation.Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.
I think the Bitcoin will not protecting the any other normal currency but the possibility in the future is also available with the help of Bitcoin the normal currency can be economically more powerful that's why I think it important for the future but right now I don't think like that.
Will agreed with you. I don't know why people think of it besides, having crypto in our side is just an option to take of what we used. The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.
Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.
I think the Bitcoin will not protecting the any other normal currency but the possibility in the future is also available with the help of Bitcoin the normal currency can be economically more powerful that's why I think it important for the future but right now I don't think like that. Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.
It seems to me that Bitcoin very much attracts those who really plan to make good money using Bitcoin volatility. To any state should have some kind of stability and confidence not only in tomorrow, And if Bitcoin is introduced into the economy of the state and if Bitcoin starts to shoot again in price as it was in 2018, then the country's economy may be in jeopardy. First of all, it is necessary to increase the stability of Bitcoin.
How can you say that Bitcoin (BTC) protects FIAT currencies? some countries prohibit Bitcoin because they do not want to adopt Bitcoin in their country because they are afraid of having an impact on their country's economy.
There fear they are having for Bitcoin is baseless, Because there is no way that Bitcoin can affect the fiat negatively. Let’s be truthful to ourselves, there is no way Bitcoin can be accumulated without first having some fiat to change to it, and the same way we still have to convert Bitcoin to fiat before we can spend it even if Bitcoin is programmed to be internet base, but it is not everyone that can use internet, we still have so many people that would rather prefer to make physical cash payment than online payment, and this is why Bitcoin was written to be an alternative payment to Fiat not to override Fiat payment function. 
I think at this time bitcoin is becoming a new field of work, so that more fiat money will move for investment or withdraw funds to fiat currencies. I think by making a wise regulation by the government, both of them can walk harmoniously and support each other
The objective is really for them to work hand in hand, and not to compete with one another, the more cryptocurrency a user is able to acquire, and the more fiats that will be stored in the local ban and vice versa. There will always be need for both of them at one point in time.without fiat, I don’t think any of us can be able to hold the cryptocurrency that we are holding today, and with the cryptocurrency, we will have lots of people that will trade with it in which when they need to spend it, they will still change it to fiat since we have less merchants now that are accepting cryptocurrency.
This is why I feel some government are not even threatened yet by crypto because they now any crypto holder will still eventually change it to fiat, it is only banks that are having issues, knowing that people may not store up their money in the banks again.
i think its not , that really doesnt matter about cryptoccurrency protecting fiat, as i know maybe shift usage of fiat money for right now
No, because fiat is created by a centralized government, bitcoin is not, it's created to give freedom out from the control of the government so most likely it's the opposite will happen when the adoption of crypto will go mainstream. 
just dont think it related or linking , the cause of inflation of fiat are come from relations about country and goverment thing , hard to belive that bitcoin protect it
Some people or institutions already recognize that bitcoin is a digital asset. It's like gold, this is to protect the value of our assets from inflation and I think bitcoin is a store of value
bitcoin is not completely protecting fiat, even the existence of bitcoin makes fiat use decrease right?
Yes, bitcoin is not related to inflation. Bitcoin is running by its own network, and it's not connected to the fiat. But bitcoin can be connected to the fiat when we exchange bitcoin to the fiat. But I don't know if bitcoin is protecting fiat money because that is the economist jobs to find the other bitcoin function
just dont think it related or linking , the cause of inflation of fiat are come from relations about country and goverment thing , hard to belive that bitcoin protect it
Some people or institutions already recognize that bitcoin is a digital asset. It's like gold, this is to protect the value of our assets from inflation and I think bitcoin is a store of value
bitcoin is not completely protecting fiat, even the existence of bitcoin makes fiat use decrease right?
just dont think it related or linking , the cause of inflation of fiat are come from relations about country and goverment thing , hard to belive that bitcoin protect it
Some people or institutions already recognize that bitcoin is a digital asset. It's like gold, this is to protect the value of our assets from inflation and I think bitcoin is a store of value
i think its not , that really doesnt matter about cryptoccurrency protecting fiat, as i know maybe shift usage of fiat money for right now
people, you should pay attention to the fact that we have a very low percentage of humanity’s education. What kind of full replacement of fiat currency cryptocurrency can we talk about? Today cryptocurrency is considered primarily as a means to generate income, and this income is transferred to Fiat. There are very few cryptocurrency user enthusiasts who only think about projects and high technologies.
Don't think so but inflation on the fiat makes bitcoin to be much better year by year because the price of bitcoin will keep increase at the rate of inflation along with the actual increase in the demand.
How can you say that Bitcoin (BTC) protects FIAT currencies? some countries prohibit Bitcoin because they do not want to adopt Bitcoin in their country because they are afraid of having an impact on their country's economy.
in this case, I don't really know, but I think bitcoin supports the development of fiat. however, bitcoin is always associated with fiat. this helps someone's economy, or company. maybe if we think about it, bitcoin does support the development of fiat, because in the end, bitcoin is always associated with fiat.
I don't understand.
You see Bitcoin has no intrinsic value that is why Bitcoin is always connected or associated with fiats, without fiats, Bitcoin has no value. This helps someone's "economy" if they've invested in this crypto and I don't think it supports the development of fiat. We sell our BTCs for fiat, and they said that if that continues the value of fiat will be affected but I don't think so.
I think It is a good analogy but unfortunately not everyone owns Bitcoins.
It is more likely the choice of ones who are actually well educated , young , believes in taking chances and at the same time it's taking fiat out of the market.
Inflation , to cure it one should remember the hat they need to strike right at the weakest point that is , poor people.
Millions sleep hungry everyday and don't even have enough to go on a regular basis .
It is strengthening the economy , but might not be fighting inflation.
It is more likely the choice of ones who are actually well educated , young , believes in taking chances and at the same time it's taking fiat out of the market.
Inflation , to cure it one should remember the hat they need to strike right at the weakest point that is , poor people.
Millions sleep hungry everyday and don't even have enough to go on a regular basis .
It is strengthening the economy , but might not be fighting inflation.
I think unintentional is the right term for it, I mean we still can't prove it with data, its not something we can just calculate and put it on a database and show people like "this is how bitcoin protects fiat money" so these are all assumptions and not a provable point.
Moreover, even if we could have provide proof for it and showed people that bitcoin protected fiat, it still wouldn't be direct and would most probably be more like indirect ways of protecting it without actually working towards it. You can't just blame bitcoin for what people do with it, people use dollars or euros to do bad things as well and dollar is not blamed for that person doing something bad with it, bitcoin should not be blamed for protecting fiat because it is not trying to do that but people may use it for that.
Moreover, even if we could have provide proof for it and showed people that bitcoin protected fiat, it still wouldn't be direct and would most probably be more like indirect ways of protecting it without actually working towards it. You can't just blame bitcoin for what people do with it, people use dollars or euros to do bad things as well and dollar is not blamed for that person doing something bad with it, bitcoin should not be blamed for protecting fiat because it is not trying to do that but people may use it for that.
The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.
Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.
still now the connection between the normal currency and the bit kind is not possible but maybe the future will be like that to protect the normal currency with the help of Bitcoin is definitely needed at that situation the statement will really true. Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.
in this case, I don't really know, but I think bitcoin supports the development of fiat. however, bitcoin is always associated with fiat. this helps someone's economy, or company. maybe if we think about it, bitcoin does support the development of fiat, because in the end, bitcoin is always associated with fiat.
I think at this time bitcoin is becoming a new field of work, so that more fiat money will move for investment or withdraw funds to fiat currencies. I think by making a wise regulation by the government, both of them can walk harmoniously and support each other
Actually what you say is correlated, that indeed between bitcoin and fiat need each other and reinforce each other. precisely with well-made rules about bitcoin, it will help many who want to invest in the bitcoin field and will increase transactions between the two and complement each other. Jump to: