Its time to act and use it for btc and crypto

DooMAD

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Leave no FUD unchallenged

Quote from: cryptoboss2020 on April 26, 2021, 09:23:38 AM

No if dollar dies usdt not dies!
Usdt is not dollar its tocken just token.

What is wrong with your brain?

If the value of USDT is pegged to the Dollar, why would you expect USDT to go up in price if the dollar crashes?

You have posted dozens of topics with the same moronic premise. People have repeatedly told you over and over again why you're wrong to think this. And yet you still persist with this idiocy? You either have the IQ of a root vegetable or you're a troll. Please just shut up.

BrewMaster

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There is trouble abrewing

USDT is just as centralized and terrible as USD. don't forget that it is supposed to be like USD that is why they chose that name too. so there is no chance that anybody should even consider this altcoin ever.

as for the old fiat system, it is inflationary as it has always been but it is not done. people still rely on it and continue using the fiat system even when they know how corrupt the banks are.

cryptoboss2020

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Quote from: bosede1 on April 27, 2021, 10:14:01 AM

Everybody can't have access to Bitcoin as not every country is civilized already. In this world that we in we have some countries which preach against the use of phones and even media devices, you can't tell such people to act and use it for bitcoin and crypto even in this present era of technological know-how. Fiat currency will still have to be in circulation

I Can't agree with you!
If you look at the countries like africa or india.. they might have no food but.... Sure they have a smartphones and internet.

bosede1

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Everybody can't have access to Bitcoin as not every country is civilized already. In this world that we in we have some countries which preach against the use of phones and even media devices, you can't tell such people to act and use it for bitcoin and crypto even in this present era of technological know-how. Fiat currency will still have to be in circulation

acener

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They could both exist those stable coin that you would use to replace Fiat is backed up by Fiat so destroying Fiat would also means destroying those crypto as well.
And government wouldn't allow such thing to happen and not to mention that crypto isn't accepted in every place or transaction,
We still have a limited number of stores or merchant that is accepting crypto most of them still prefer cash/Fiat.
We couldn't eliminate or restart it as you say it is easier to be said than done.

cryptoboss2020

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Quote from: dificanovi on April 26, 2021, 10:16:16 AM

Quote from: cryptoboss2020 on April 26, 2021, 06:08:21 AM

Problem is.
The Central banks will print and devalue currency like dollar or they make high taxes and taking out most of the money in circlelation.
2 ways to Go
High inflation *
High deflation *

So if this Old Fiat system is done... We Don't need this Let's abond all we need is just cash from the Old system.
But the banks and Other things we Can abond.
We Can start stable coins using we Don't need to Wait When they either kill money or kill economy.

We have usdt and Bitcoins to Back Up.
We should urge Our local community business and Everything to use stable coins with cash.
The Old banks we simply Don't need. We have crypto wallets.

I think it's as important to own bitcoin as to have cash. we definitely know how much we need cash for household needs for a month, if you have more money for household needs, it's better to save it into bitcoin because bitcoin has a bright future. the longer the time runs, the more people who know bitcoin and will buy bitcoin so that the price is getting more expensive.

Price Can get expensive on otc like nigeria turkey.
In Case the local currency is with low value.
But the real price comes from whales Buy/sell orders.
What really is is the fact that all the debt and printed money goes in usdt.
Usdt along with Other stable coins are future.

dificanovi

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Quote from: cryptoboss2020 on April 26, 2021, 06:08:21 AM

Problem is.
The Central banks will print and devalue currency like dollar or they make high taxes and taking out most of the money in circlelation.
2 ways to Go
High inflation *
High deflation *

So if this Old Fiat system is done... We Don't need this Let's abond all we need is just cash from the Old system.
But the banks and Other things we Can abond.
We Can start stable coins using we Don't need to Wait When they either kill money or kill economy.

We have usdt and Bitcoins to Back Up.
We should urge Our local community business and Everything to use stable coins with cash.
The Old banks we simply Don't need. We have crypto wallets.

I think it's as important to own bitcoin as to have cash. we definitely know how much we need cash for household needs for a month, if you have more money for household needs, it's better to save it into bitcoin because bitcoin has a bright future. the longer the time runs, the more people who know bitcoin and will buy bitcoin so that the price is getting more expensive.

taufik123

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forever Fiat will not be replaced with bitcoin or other crypto currencies. Just look at the regulations given in each country, of course some of them do not fully support crypto.

Fiat is an old system and is a system that will continue to be implemented even though currently there is USDT stablecoin. if indeed the reason for using crypto is to avoid some taxes and other fees, of course this will not support a country to develop. The development and future of the country depends on the taxes applied. Cryptocurrency is the future of payments, but it will not replace Fiat. crypto is only an optional payment. The financial system must remain in balance.

bosede1

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So is your claim that we should use all the fiat currency incurred and trade it for bitcoin and crypto because of the factor you listed. Have you considered some Countries that are yet to accept the crypto currency as a whole?

crwth

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I think you need to mention the reasons why it's being inflated like banks giving out loans to help the people. Since the pandemic, it has always been that way. Banks are worried that they need to do something about it and giving money like candies are causing it too. More and more in circulation and the tendency is inflation.

I don't know what you mean by relying on USDT but it should be backed 1:1 with USD in a treasury. So if it USD becomes useless, then wouldn't be USDT useless as well? I believe a different stable coin would suffice that would be more managed and inspected by regulators etc.

Qlimaxaz

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The inflation of a coin will start only when all that coins from that specific type will be mined or in a wallet.

Until then, cryptocoins are just the opposite of money; we cannot walk about inflation or deflation for now guys xD

cryptoboss2020

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Quote from: Blitzboy on April 26, 2021, 09:21:10 AM

If dollar dies, usdt will die because it is backed by dollar. So do not expect usdt will exist in a world where fiat is gone. People currently prefer the idea of having a stable currency than a volatile asset which might increase over years. Moreover, they are too dependent on the centralized system which has raised them since they were a child. Sooner or later, free-market will replace traditional centralization

No if dollar dies usdt not dies!
Usdt is not dollar its tocken just token.

cryptoboss2020

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Quote from: sheenshane on April 26, 2021, 09:17:07 AM

I don’t think Fiat must be eliminated before we get the advantage of using Bitcoin. In fact, Fiat will still play the essentials while Bitcoin and other cryptocurrencies are in their stage of development.

Inflation doesn’t also mean we had to run away already and I think the best thinking is to transfer the assets to other resources first but still take advantage of the capability of fiat in transactions.

There will be a time once all the Bitcoin has been mined already. That time, the cryptocurrency will soon become possibly stable, or at least less volatility. That time, we can tell that Bitcoin can replace fiat. (But this only my assumption and yet, there's nothing to worry about since it may take how many years before that will happen)

I presumably for Bitcoin to be considered something like gold, not currency. Meaning to say that, it has to coexist with fiat still. Gold and other resources are the only things that could be disrupted massively IMO.

If we dont eliminate fiat....
We get deflation.
We get inflation.
We get lockdown restrictions to stop cash flow.
We keep staying in Lock down then we Can print money inflation not problem.
Smooth process is start using stable coins.
Stable coins with cash ramps to use cash with stable coins.

Blitzboy

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If dollar dies, usdt will die because it is backed by dollar. So do not expect usdt will exist in a world where fiat is gone. People currently prefer the idea of having a stable currency than a volatile asset which might increase over years. Moreover, they are too dependent on the centralized system which has raised them since they were a child. Sooner or later, free-market will replace traditional centralization

sheenshane

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I don’t think Fiat must be eliminated before we get the advantage of using Bitcoin. In fact, Fiat will still play the essentials while Bitcoin and other cryptocurrencies are in their stage of development.

Inflation doesn’t also mean we had to run away already and I think the best thinking is to transfer the assets to other resources first but still take advantage of the capability of fiat in transactions.

There will be a time once all the Bitcoin has been mined already. That time, the cryptocurrency will soon become possibly stable, or at least less volatility. That time, we can tell that Bitcoin can replace fiat. (But this only my assumption and yet, there's nothing to worry about since it may take how many years before that will happen)

I presumably for Bitcoin to be considered something like gold, not currency. Meaning to say that, it has to coexist with fiat still. Gold and other resources are the only things that could be disrupted massively IMO.

cryptoboss2020

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Quote from: Charles-Tim on April 26, 2021, 06:16:12 AM

Quote from: cryptoboss2020 on April 26, 2021, 06:08:21 AM

The Central banks will print and devalue currency like dollar or they make high taxes and taking out most of the money in circlelation.

If the reason is to evade taxes, I do not think that is a good reason. Don't you want to contribute to Nation's building and development. If the reason is to avoid money devaluation, I think that reason is good, especially in countries that their fiat is getting devalued increasingly.

Quote from: cryptoboss2020 on April 26, 2021, 06:08:21 AM

We have usdt and Bitcoins to Back Up.

What is the difference between dollar and USDT in term of money devaluation, USDT is pegged with US dollar. The best is to go for bitcoin, and studying about it is necessary, so you will be able to know the right time to invest, because not all time is good to invest in bitcoin, better to invest when the price dropped to certain level, studying about it will let you know the best time to choose.

Quote from: cryptoboss2020 on April 26, 2021, 06:08:21 AM

And soon we need Only paper usdt so we have stable coins cash bills also.

Nothing called paper USDT, USDT is completely a cryptocurrency, which means it is digitally available, not physically.

Usdt Waiting for FED approval to become cbdc.
And usdt is not dollar its like libery reserve was but usdt is better.
And its run on world new money blockchain called ethereum

Charles-Tim

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Quote from: cryptoboss2020 on April 26, 2021, 06:08:21 AM

The Central banks will print and devalue currency like dollar or they make high taxes and taking out most of the money in circlelation.

If the reason is to evade taxes, I do not think that is a good reason. Don't you want to contribute to Nation's building and development. If the reason is to avoid money devaluation, I think that reason is good, especially in countries that their fiat is getting devalued increasingly.

Quote from: cryptoboss2020 on April 26, 2021, 06:08:21 AM

We have usdt and Bitcoins to Back Up.

What is the difference between dollar and USDT in term of money devaluation, USDT is pegged with US dollar. The best is to go for bitcoin, and studying about it is necessary, so you will be able to know the right time to invest, because not all time is good to invest in bitcoin, better to invest when the price dropped to certain level, studying about it will let you know the best time to choose.

Quote from: cryptoboss2020 on April 26, 2021, 06:08:21 AM

And soon we need Only paper usdt so we have stable coins cash bills also.

Nothing called paper USDT, USDT is completely a cryptocurrency, which means it is digitally available, not physically.

cryptoboss2020

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Problem is.
The Central banks will print and devalue currency like dollar or they make high taxes and taking out most of the money in circlelation.
2 ways to Go
High inflation *
High deflation *

So if this Old Fiat system is done... We Don't need this Let's abond all we need is just cash from the Old system.
But the banks and Other things we Can abond.
We Can start stable coins using we Don't need to Wait When they either kill money or kill economy.

We have usdt and Bitcoins to Back Up.
We should urge Our local community business and Everything to use stable coins with cash.
The Old banks we simply Don't need. We have crypto wallets.

And soon we need Only paper usdt so we have stable coins cash bills also.
Becouse cash is personal freedom.

Debt Not a problem we Will abond all the Old system so Everything Will reset and prices to zeero
And we Buy all with crypto.

Or we Wait like a fools how Everything collapse And then we act?

Topic: Its time to act and use it for btc and crypto (Read 171 times)