Stinulus go big or go Home | Bitcointalksearch.org

cryptoboss2020

member

Activity: 322

Merit: 14

Quote from: Hydrogen on January 21, 2021, 06:26:48 PM

Lots of hype behind stimulus in 2021. I remember Obama's $1.4 trillion dollar stimulus plan in 2009. It created 1 job at a maximum cost of $300,000 expense to taxpayers. There were many who were mad about that. Wonder what happened to them. They all seem to have forgotten it ever happened. There could be better methods and plans to achieve goals in contrast to stimulus. State based economic policy is questionably. Corporations can spend $10 million in lobbying fees to net $10 billion in special interest spending. Big state spending is always a cost effective solution for them, they'll always receive more in special interest spending than they'll spend lobbying.

Organized and coordinated, big dollar spending, is the largest deciding factor for how stimulus funds are distributed.

It could benefit society to support paradigms which do more to support the welfare of average working class people.

Dream on lol
Get real life is much of real

Hydrogen

legendary

Activity: 2562

Merit: 1441

Lots of hype behind stimulus in 2021. I remember Obama's $1.4 trillion dollar stimulus plan in 2009. It created 1 job at a maximum cost of $300,000 expense to taxpayers. There were many who were mad about that. Wonder what happened to them. They all seem to have forgotten it ever happened. There could be better methods and plans to achieve goals in contrast to stimulus. State based economic policy is questionably. Corporations can spend $10 million in lobbying fees to net $10 billion in special interest spending. Big state spending is always a cost effective solution for them, they'll always receive more in special interest spending than they'll spend lobbying.

Organized and coordinated, big dollar spending, is the largest deciding factor for how stimulus funds are distributed.

It could benefit society to support paradigms which do more to support the welfare of average working class people.

Twentyonepaylots

sr. member

Activity: 1918

Merit: 370

With the US still pretty much the anchor of most currencies in the east, you shouldn't be happy that they are in shambles right now. Regardless if you do not live in the US. Having that fact stated above, you will be affected in one way or another. So just hope and pray that this new administration does good or else we'll all be hecked.

Quote from: BrewMaster on January 17, 2021, 10:56:49 AM

i don't think we are yet seeing the effects of stimulus or even the crazy money printing policies in bitcoin or the economy as a whole. but it is happening if we look closely at prices that have started slowly going up and will be more evident as more things go up in price as the value of fiat drops.

one thing that we sometimes forget is that they didn't "print" that ridiculous amount of money which people said was more than the sum of all the money US has ever printed in its history. they "minted" it and that money slowly comes into circulation but it will enter eventually.
that is why i say we are in for at least a year or two of huge inflation rates soon.

This is what I fear of. US is slowly but surely approaching hyperinflation, it's not happening anytime soon, but once it does, there's no turning back. Might as well be more educated individually so your votes don't go to waste. And let's hope Biden leads America to a more desirable state than the current situation America is in.

cryptoboss2020

member

Activity: 322

Merit: 14

I dont live in USA Grin

But if USA is generous enough I dont mind to put few extra dollars in my pocket from the long distance
So stimilus go big go very big as long as it can make bitcoin to go up and I sell my btc.
What a nice business Grin

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: Princejebs on January 17, 2021, 05:23:04 AM

There is something I don't get about the stimulus check. This is money made for every citizen to sustain hunger though it's crystal clear that there will be new money that will be inject into economy and there be increasing inflation which of course sweet for bitcoin but we shouldn't forget the primary purpose of that fund.
I am always bullish on bitcoin but I don't think stimulus has been the primary reason why bitcoin capitalization has increased over this short period of time otherwise stock would have tripple in capitalization by now.

It depends on how you look at the whole a scenario I really think that institutional investors are seeing what's happening in the economy and they are not liking it one bit, after all they are not dumb, you don't get to be that powerful and have that much money without knowing a thing or two about the economy, the governments are taking their money printing policies to limit in order to try to keep themselves in power and they are worried about this.

And even if that money has not come to this market I'm pretty sure that the institutional investors that we have seen coming to this market did it at least in part because they wanted to protect their wealth.

Obito

sr. member

Activity: 1274

Merit: 293

Quote from: Princejebs on January 17, 2021, 05:23:04 AM

There is something I don't get about the stimulus check. This is money made for every citizen to sustain hunger though it's crystal clear that there will be new money that will be inject into economy and there be increasing inflation which of course sweet for bitcoin but we shouldn't forget the primary purpose of that fund.
I am always bullish on bitcoin but I don't think stimulus has been the primary reason why bitcoin capitalization has increased over this short period of time otherwise stock would have tripple in capitalization by now.

It's not the primary reason, AFAIK the institutional investors and the halving are those that are responsible for bitcoin being bullish. It is evident in the name, "Stimulus" which means to stimulate, in this case a stagnating economy. It will not cause inflation because people of the USA have a lot of faith to their government and other countries have a USD as a reserve currency.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

i don't think we are yet seeing the effects of stimulus or even the crazy money printing policies in bitcoin or the economy as a whole. but it is happening if we look closely at prices that have started slowly going up and will be more evident as more things go up in price as the value of fiat drops.

one thing that we sometimes forget is that they didn't "print" that ridiculous amount of money which people said was more than the sum of all the money US has ever printed in its history. they "minted" it and that money slowly comes into circulation but it will enter eventually.
that is why i say we are in for at least a year or two of huge inflation rates soon.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

Quote from: Princejebs on January 17, 2021, 05:23:04 AM

I am always bullish on bitcoin but I don't think stimulus has been the primary reason why bitcoin capitalization has increased over this short period of time otherwise stock would have tripple in capitalization by now.

Stimulus also to me is not the reason that bitcoin price and capitalization has increased. Stimulus is basically in the USA where the government is intentionally taking it up to give financial support for her citizens but the stimulus coming from just US won't be the reason for the increase. I think is just a bull season because bitcoin is even suppose to be affected but it didn't which encouraged institutional buyers to throw in money.

Princejebs

member

Activity: 560

Merit: 26

There is something I don't get about the stimulus check. This is money made for every citizen to sustain hunger though it's crystal clear that there will be new money that will be inject into economy and there be increasing inflation which of course sweet for bitcoin but we shouldn't forget the primary purpose of that fund.
I am always bullish on bitcoin but I don't think stimulus has been the primary reason why bitcoin capitalization has increased over this short period of time otherwise stock would have tripple in capitalization by now.

zanezane

full member

Activity: 868

Merit: 150

★Bitvest.io★ Play Plinko or Invest!

Quote from: samputin on January 11, 2021, 10:39:14 AM

Quote from: zanezane on January 10, 2021, 11:03:30 PM

snip

I believe so. They are not so weak so I think they can still sustain even though they print more money. However, there's no guarantee after all. Such actions will definitely result to inflation, the severity of the damage just depends on how their economy reacts.

It will bounce back, when the vaccines hit their target number of population. The rate of inflation will go up but I think with more people investing the money back to financial institutions at this time of pandemic, I do think that it will not hurt them. Remember that USA is the brainchild of capitalist pigs so they will do everything in their power to make the printing still sustainable.

verita1

member

Activity: 1358

Merit: 81

I agree! fiulpro
Lockdown is essential,
People need vaccination,
They need jobs.

The stimulus money is emergency measures to provide for people who lack income in the middle of the pandemic. But it is necessary that American citizens know how to take advantage of them.

If someone receives it and he is unemployed he can create a way to generate an income. Taking advantage of any skill and put it to work locally.

So, we have used it in my city we are lockdown, we have low rates of number of infections and it has worked. For example, my mother did not work before the pandemic, now she works from home making homemade lollipops and all the children in my neighborhood come home to buy lollipops, they are cheaper than those of the industries and more nutritious.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: bassbity on January 11, 2021, 12:25:31 PM

Quote from: wxa7115 on January 10, 2021, 04:38:52 PM

But if someone has most of their wealth in hard assets like precious metals, real estate or bitcoin then this is only going to benefit you as those three assets classes will most likely do well against the high inflation that is coming.

Indeed, in the future, the three assets that you mentioned will be a strengthening factor in running the economy and apply in any country. The government needs to increase its attention to these three assets, because it continues to stalk fiat, which in the end will still have an impact on massive inflation which will only erode the economic sector.

We know that historically when there is a period of hyperinflation that governments have a tendency to tax very heavily those kind of assets and they do it in the name of fairness, after all if you have gotten so much profits then you have to share that with the less fortunate, and obviously that is a spurious argument because they were the ones that caused the crisis in the first place and they only want to get more money to keep themselves in power.

But fortunately for us bitcoin is way better than those other two assets since it allows you to have and hold a significant amount of money in a way in which the government does not have any easy way to confiscate that amount of money which I think is going to drive up adoption significantly.

bassbity

sr. member

Activity: 1092

Merit: 284

Quote from: wxa7115 on January 10, 2021, 04:38:52 PM

But if someone has most of their wealth in hard assets like precious metals, real estate or bitcoin then this is only going to benefit you as those three assets classes will most likely do well against the high inflation that is coming.

Indeed, in the future, the three assets that you mentioned will be a strengthening factor in running the economy and apply in any country. The government needs to increase its attention to these three assets, because it continues to stalk fiat, which in the end will still have an impact on massive inflation which will only erode the economic sector.

samputin

sr. member

Activity: 1036

Merit: 294

Quote from: fiulpro on January 10, 2021, 10:38:13 AM

Plus bitcoins don't need any stimulus to increase it's value. Trust me. We all been there During the previous all time high. There was no stimulus back then.

That's right!

OP think again. You know what, there's nothing wrong of wishing for bitcoin to pump harder but saying that you really don't care if a certain country reach its downfall then I think its not healthy anymore. USA's possible inflation doesn't absolutely mean that bitcoin will rise. Always remember, invest at your own risk.

Quote from: zanezane on January 10, 2021, 11:03:30 PM

This means that the faith in USD is so strong that it will not go towards an explosive inflation like what happened at Venezuela and Zimbabwe.

I believe so. They are not so weak so I think they can still sustain even though they print more money. However, there's no guarantee after all. Such actions will definitely result to inflation, the severity of the damage just depends on how their economy reacts.

zanezane

full member

Activity: 868

Merit: 150

★Bitvest.io★ Play Plinko or Invest!

Quote from: Tytanowy Janusz on January 10, 2021, 10:24:16 AM

It will affect you no matter if you leave in USA or not. And printers are doing brrrr not only in USA, the european central bank is also lagging behind in loading paper into the printers.

It will not affect if I am being honest, as long as USA is a superpower nation, the value of their currency will not be affected even if they print more money, they are the biggest reserve currency for many countries after all. This means that the faith in USD is so strong that it will not go towards an explosive inflation like what happened at Venezuela and Zimbabwe.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: Tytanowy Janusz on January 10, 2021, 10:24:16 AM

Quote from: cryptoboss2020 on January 09, 2021, 09:56:53 AM

I dont mind to crush fed money printers to maximum as Long as I get profit and im not in USA

It will affect you no matter if you leave in USA or not. And printers are doing brrrr not only in USA, the european central bank is also lagging behind in loading paper into the printers.

There is no doubt that it will affect us but the effects will depend on what we are holding, if you are holding dollars or any fiat currency then there is going to be trouble for you as the value of fiat currencies is going down every single day.

But if someone has most of their wealth in hard assets like precious metals, real estate or bitcoin then this is only going to benefit you as those three assets classes will most likely do well against the high inflation that is coming.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: cryptoboss2020 on January 09, 2021, 09:56:53 AM

So More stimulus coming and thats good not only for americans but also for Bitcoin hodlers.

The USA is really about money and that I like about USA they Know that all we need is money

Another stimulus will come into the people anytime and that costs trillions of dollars for the government, those printed newly printed money.

Next stimulus bill will cost 'trillions of dollars': $2,000 stimulus checks, unemployment benefits, more

Quote from: fiulpro on January 10, 2021, 10:38:13 AM

They didn't cancel the student loans but they decided to pay more than enough to everyone.

In that article above, it's said that Biden gonna ask congress for the cancellation of the $10,000 student debt.

fiulpro

hero member

Activity: 1890

Merit: 831

See I am not against this agenda but at the same time it's psychologically affecting the mentality of people. People think they will be paid by the government for doing nothing.
They didn't cancel the student loans but they decided to pay more than enough to everyone. Now I he problem is, people don't have money because of riots , no jobs , I heard a person tell me that **she didn't want biden because trump didn't implement lockdown and because of lockdown we people are getting depressed**
Now what's wrong with this is :
Lockdown is essential
People need vaccination
They need jobs not just money
NO! The vaccination won't make you an alligator !!
Printing more is devaluating the government itself. Biden have no choice here since people are now revolting. They are creating problems since they want that the money keeps on coming. This cannot happen. They are forgetting about the poor and the needy people too.
It's not even affecting their professional like , it's also affecting them mentally.

Plus bitcoins don't need any stimulus to increase it's value. Trust me. We all been there During the previous all time high. There was no stimulus back then.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: cryptoboss2020 on January 09, 2021, 09:56:53 AM

I dont mind to crush fed money printers to maximum as Long as I get profit and im not in USA

It will affect you no matter if you leave in USA or not. And printers are doing brrrr not only in USA, the european central bank is also lagging behind in loading paper into the printers.

cryptoboss2020

member

Activity: 322

Merit: 14

Quete of Trump

"Stimulus go big or go Home " Good for bitcoin.
I dont mind to crush fed money printers to maximum as Long as I get profit and im not in USA
I dont mind If they crush that

Anyways Biden knows that printing money is only way left

So More stimulus coming and thats good not only for americans but also for Bitcoin hodlers.

The USA is really about money and that I like about USA they Know that all we need is money

Topic: Stinulus go big or go Home (Read 229 times)