Is bitcoin actually protecting fiat money? - page 4.

Capt00

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Quote from: Ranly123 on June 13, 2019, 06:17:56 PM

Quote from: Jacques_Bittard on March 21, 2018, 03:43:43 AM

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 it's not only Bitcoin but all the coins in crypto market. Though it's too complicated to explain it all, but as we can see crypto has been made as option to earn and help minimize the momentum of inflation is ones country.

Using bitcoin is have a big advantage compared to fiat money. As we look at first, they are just the same knowing the fact that it is considered as a currency also but somehow, people using it as an investment to generate more gains rather than of using it to pay bills or in buying some stuff. By taking this advantage, a lot of individuals jumping on it while leaving fiat money behind.

Ranly123

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Quote from: Jacques_Bittard on March 21, 2018, 03:43:43 AM

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 it's not only Bitcoin but all the coins in crypto market. Though it's too complicated to explain it all, but as we can see crypto has been made as option to earn and help minimize the momentum of inflation is ones country.

Oilacris

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Bitcoin isn't protecting money and it has nothing to di with it.It might have some affects when it regards to some conflicts

but I don't see a major thing about this matter.It do exist for an another sole purpose on which the creator been targeting on.

syamster

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IS BTC ACTUALLY PROTECTING FIAT MONEY? YES IS PROTECTING FIAT MONEY AND ALSO DEFLATING FIAT MONEY.

According to me it not only protecting but it helps us to use our money in good way, as if we will use it investing in bitcoin it will increase, so it protects our money from getting waste, with time everything gets better but we should use wise investing strategies like buying at low price and then selling at higher price.

Dudeperfect

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It is true that the money that comes in crypto has the intention to acquire digital assets. However, we can compare it with the time and skills of the labour. In both the cases, the product is invisible and intangible but still, it has some value of it. On the other hand, the relation of it with the Fiat currency is a little bit complicated and that might be the reason of high volatility and high returns at the same time. I don't think that crypto is protecting the Fiat money but it is definitely giving some sort of relief to the users.

Niggasdonttalktome

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I don't think that bitcoin protecting fiat money, which is both opposites. Right now you can see clearly the government don't like about crypto stuff and Bitcoin, the center of the storm it is the recipient of the most hit.

ShineftChaos

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Quote from: Lucilfer on June 08, 2018, 08:31:07 AM

Quote from: zhekinsp on June 08, 2018, 07:47:53 AM

I don't think it is protecting the fiat money because many people are scared about bitcoin that they will kill their fiat money.But there is something that crypto currencies are used by most of the people to make money so we need to cashout our money when we got profits so it may keep fiat from getting into inflation and if people want to save them from inflation buy crypto currencies.

i am also wondering about that thing, since we cannot really avoid the issues, and just what if the government will get involve about this? For me it will be too scary to think from it. we all know how the government play their cards, and if possible i guess they will use every means to get their hands into crypto.

In my own opinion, if the government will be manipulating cryptocurrency prices then people will not use crypto anymore and the value of bitcoins will just decrease.

Siminarota

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There is nothing that BTC protect fiat, fiat protection BTC is easier to listen. In my opinion, it is more difficult to hold a penny to buy goods or services than fiat. In my opinion, we should not take crypto instead of cash.

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Quote from: syaripudin on June 08, 2018, 10:37:58 AM

maybe if the government will create crypto that can be fully controlled by the government I think that's what can be said can protect fiat money. but different from bitcoin because of course bitcoin is a decentralized virtual currency so I do not think it can be said that bitcoin can protect fiat money.

To say fiat money protection bitcoin does not seem to fit. But each has its own characteristics and strengths to serve life. The fiat money has for years served for direct transactions with human life. Electronic money is applied to the digital age and is carried out on machinery and equipment.

bowals

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IMO, its showing the flaws of fiat currency. its the end of fiat currency in simple terms or rather, the future of it. as with every technology, the beginning is usually cumbersome and not efficient but over time, a more efficient system would be formed

Clover_Faith

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Quote from: Jacques_Bittard on March 21, 2018, 03:43:43 AM

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.

Yes it will because using fiat have a limitition to make. So that by using bitcoin we cant use fiat to buy things beside we can use bitcoin. It save more money and also effort to the maker.

Burogh

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Quote from: Jacques_Bittard on March 21, 2018, 03:43:43 AM

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.

Cryptocurrency like bitcoin is new economy system. Current economy system is very vulnerable on crisis because government always to improve growth by inflation.

Dmitry.Vastov

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Quote from: Jacques_Bittard on March 21, 2018, 03:43:43 AM

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 don’t think that bitcoin is ever protecting Fiat currency, on the contrary , all the crypto currencies are threat to Fiat currency. All the Fiat currency exists in physical form and they are more prone to get stolen easily by anyone but it is not with any of the crypto currency, they are in virtual or in digital form and there is least risk of get stolen so they are more liked by people and the days are not away when these virtual currency will replace this Fiat currency.

leostrong.mo

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The relationship between BTC and fiat currency is antagonistic!
The legal currency is the currency issued by the national credit guarantee. BTC has achieved financial decentralization through the Internet!
The fiat currency will cause inflation due to the increase, and the Bitcoin world cannot create inflation!

pellor mas

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bitcoin does not protect fiat money, on the other hand, bitcoin wants all transactions easier and faster, we do not need to make paper money and coins that make it require big funds, all transactions and money are stored in digital data, so the financial transaction will be cheaper.

jaysabi

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Quote from: Jacques_Bittard on March 21, 2018, 03:43:43 AM

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.

You can "inject" wealth into an economy. You can inject liquidity, for example, but wealth is created by economic activity which is determined by economic demand and you cannot artificially create that. Loose regulations can aide economic activity be decreasing the cost of operating a business, but it doesn't directly create any new wealth.

And no, pumping cryptos is not a financial shenanigan created to keep the old system afloat. That's a crazy conspiracy theory. There's nothing centralized about Bitcoin. It's a mass delusion that the masses perpetrate on themselves. The new "wealth" created comes from somewhere, it didn't come from nowhere. It comes from new people buying cryptos from people who already own them. Eventually the pool of buyers will run low because there will be nobody new to sell to, so no way for them to realize any gains. That's what has been happening to Bitcoin over the last 6 months. There's not enough new buyers coming in for the old holders to realize gains because they got in so late, so they cut their losses. This is self-inflicted damage for believing in a fairy tale, not some evil plot by anyone in particular.

ArnoldChippy

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Quote from: santiPOGI on June 08, 2018, 10:51:01 AM

bitcoin is not protecting FIAT,
BTC is making an easy process with FIAT, it is supporting FIAT.
but will replace it in the near future.

Bitcoin do not have any concern with fiat, bitcoin is a totally different type of currency which is only exist online, it do not have any physical existance but it can be use just like fiat for purchasing things and for so many other purposes, currency people are using bitcoin as an optional but in future we cane expect that bitcoin will using by the people as their first choice.

doraegun

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Quote from: Jacques_Bittard on March 21, 2018, 03:43:43 AM

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.

All inflation of price of fiat money are actually because of the high price value of some foreign goods that import to the certain country y=that actually affected of inflation of price. But when you say Bitcoin can protected to money by inflation of price I think that is big NO!.

santiPOGI

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bitcoin is not protecting FIAT,
BTC is making an easy process with FIAT, it is supporting FIAT.
but will replace it in the near future.

DMCR lah

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do not protect fiat money, on the other hand, bitcoin wants all transactions easier and faster, we do not need to make paper money and coins that make it require big funds, all transactions and money are stored in digital data, so the financial transaction will be cheaper, but our money will remain safe

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