More economic stimulus a sign of further trouble ahead vs Btc Price

eyeknock

sr. member

Activity: 381

Merit: 250

Quote from: Pab on November 01, 2015, 07:17:28 AM

Quote from: Harry Hood on November 01, 2015, 01:39:20 AM

Wouldn't more fiat manipulation (especially in way that doesn't generate direct prosperity) be a good thing for Bitcoin? When profitability goes down people look for other options.

Maybe I don't understand it as well as you do.

Yes all that fiat money manipulation will rise demand on fiat alternatives.People already see that gold market is manipulated as well

no no guys, fiat money/markets are not manipulated, fiat money is 100% controlled, you need to notice the big difference, and it had been being manipulated since the beginning of times.

so can be a fiat manipulation a good thing for Bitcoin? hard to say with all those dark interest out there...

Amph

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Quote from: NorrisK on November 01, 2015, 09:23:22 AM

So even if bitcoins becomes worth more in terms of fiat, it is possibly useless in the future as the fiat is worth dip shit by then.

Isn't evaluating a currency exchange rate something like an artificial deflation? Or maybe I'm mixing some stuff up now.

i always thought about that, bitcoin can detach itself from fiat long before that point happen, by being avaluated directly with the thing you can buy with it

people will learn to increase its demand based on what other are willing to offer to have one, surely bitcoin don't need to be valuated in fiat, even today, it's only appear to be a comfortable way to do it

NorrisK

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So even if bitcoins becomes worth more in terms of fiat, it is possibly useless in the future as the fiat is worth dip shit by then.

Isn't evaluating a currency exchange rate something like an artificial deflation? Or maybe I'm mixing some stuff up now.

Pab

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Activity: 1862

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Quote from: Harry Hood on November 01, 2015, 01:39:20 AM

Wouldn't more fiat manipulation (especially in way that doesn't generate direct prosperity) be a good thing for Bitcoin? When profitability goes down people look for other options.

Maybe I don't understand it as well as you do.

Yes all that fiat money manipulation will rise demand on fiat alternatives.People already see that gold market is manipulated as well

Harry Hood

sr. member

Activity: 266

Merit: 250

Wouldn't more fiat manipulation (especially in way that doesn't generate direct prosperity) be a good thing for Bitcoin? When profitability goes down people look for other options.

Maybe I don't understand it as well as you do.

Pab

legendary

Activity: 1862

Merit: 1012

Very good article,read you will find find explanation for further bitcon price increase
taken from article

Well, only up to a point. Problem number one is that by deliberately weakening their exchange rates, countries are stealing growth from each other. Central banks insist that this does not represent a return to the competitive devaluations and protectionism of the 1930s, but it is starting to look awfully like it.

“Second, and possibly more importantly, a world of persistently low interest rates may be more prone to generating a leveraged ‘reach for yield’ by investors and speculative asset-price boom-busts.”

If it doesn’t, it means there is a heightened risk of a new financial crash or higher inflation.

http://www.theguardian.com/business/2015/oct/25/the-global-economy-warrants-a-big-dose-of-caution

There isalso yet another reason what can be like a nuclear bomb,dead line for that is13 nov

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