Topic: The Future Crypto Market & China Printing Money - page 2. (Read 613 times)
Hype around this virus could cause real recession, unfortuntely. Too many supply chains are already damaged
Well in another post I was wondering how China seems to be in some cases so anti bitcoin but they are usually the top mining pools in the world. What do you make out of that?
I think China doesn't have to really anti bitcoin at all because we know that they still allow people mining bitcoin. Maybe they have another reason why they do that, and because we don't know what is happening in China and what they plan, we don't have to think more about that. We will see it later once they announce the next news about allowing bitcoin or anti bitcoin or else. All of the questions will be the answer at the right time, and we don't have to guess for more while we can use the time for our own good.
Short term wise, injections like these are quite common when it comes to combating a potential downturn in the economy.
So even though I don't think that this news is confirmed yet, there is every possibility that this is true.
I doubt that this type of aggressive monetary easing will have a significant impact on the crypto markets in the short term at least. It is long term fiat inflation that will push crypto prices up in the long run, at least in nominal terms.
So even though I don't think that this news is confirmed yet, there is every possibility that this is true.
I doubt that this type of aggressive monetary easing will have a significant impact on the crypto markets in the short term at least. It is long term fiat inflation that will push crypto prices up in the long run, at least in nominal terms.
I think maybe we will have a problem if Coronavirus will affect many peoples from China. But well crypto will still survive somehow.
China is an antibitcoin country because they have communist type of government. They don't want their people to become rich, they don't want their people to overcome their poverty. They want to prove that government is the superior and not the people so the people don't have the rights to literally own anything. That's why they want to create their own cryptocurrency and not adopt the typical and know cryptocurrency around the world. They want to isolate their country in a global economy so they create their own source of money. As they control their people, they can also manipulate the cryptocurrency to directly go to the government asset and people only receive salary and not the crypto. So unfair to their market.
If so, China is not only anti-bitcoin but also anti-WhatsApp, youtube, Facebook, Twitter, Amazon, and Gmail. China has its own application version
. I see China is a country that is truly sovereign because it has bargaining power and is brave for anti-mainstream.Theoretically or idealistically, a government or a state with a communist ideology actually always teaches the justice system and equitable distribution of welfare and justice to all its people with the ideal, build a classless society with the concept of equal, equal taste and put forward and teaches the importance of providing welfare, justice, and safety social.
For the cryptocurrency problem, not only the Chinese government is scared but the majority of countries have a uniform view of bitcoin and want to create their own version of cryptocurrency or Stablecoin. The key to understanding it is simple, independence is better than dependency. Moreover, China which was originally known as a copycat country has now turned into a developed country with its modification expertise. China is a country that also dares to challenge American domination.
If China would be printing money they won't need other nations to put in funds for them , even if they print a lot of money it will be their country's economy which will go down , not the one of other nations.
It would be problematic for China therefore , I do think they will think about everything before doing something drastic that would affect their market.
Also Future is good trust me since government is not helping those sectors , bitcoins is the one providing jobs for people. . giving them an alternative .
It would be problematic for China therefore , I do think they will think about everything before doing something drastic that would affect their market.
Also Future is good trust me since government is not helping those sectors , bitcoins is the one providing jobs for people. . giving them an alternative .
You can be sure of 2 things in life and that is death and taxes, but I want to add another one, which will be government manipulation of their local economy. We saw what governments have done with bailouts when the Banks nearly caused a global financial crisis and we will continue seeing governments using tactics to keep markets from collapsing.
The Chinese government have to find additional money to fight this virus and the affect that it is having on their local economy and a sure thing will be to jump into bonds and also to use tax payers money.
We might not like it, but it is emergency measures to save lives, so we should actually welcome it. I applaud them for reacting this quickly and being able to build a massive hospital in 10 days.
The Chinese government have to find additional money to fight this virus and the affect that it is having on their local economy and a sure thing will be to jump into bonds and also to use tax payers money.
We might not like it, but it is emergency measures to save lives, so we should actually welcome it. I applaud them for reacting this quickly and being able to build a massive hospital in 10 days.
Seemingly this Corona Virus has put the Free World and its associated markets into shambles. From Dropping the Dow Jones over 500 points on Friday to now seemingly China "panic printing" money in the nice sum of 1.2 Trillion Yuan. Needless to say the real questions lie in "What Next"? "What's really going on"? "How will this effect everything"? "Are we in trouble"? As usual any thoughts and comments are more than welcome.
If China is really printing money,they would most likely keep that a secret.Nobody wants big inflation in China right now.By the way,the People's Bank of China has big reserves or dollars,US government bonds and gold.
Those reserves can cover the value of newly printed Yuans.There's no need to spread panic.Everything is under control in Asia.The corona virus will slowly fade away with the upcoming spring.
Although, there would be some cure for corona virus and maybe that is what making china print some currency in order to find a medicine for corona virus and once they succeed, they would start cherishing the markets and also they would quickly improve their economy.
why the heck will they print out more money when i think the spending of the people were greatly reduced due to this virus but it stil up to them to print money because printing money is a normal doing . now your asking whats next ? well i think there will be available vaccines for this virus and the outbreak will stop like what happen to other severe viruses before . this event does not affect everything and we arent really in trouble so dont worry too much if you are far away from china .
Seemingly this Corona Virus has put the Free World and its associated markets into shambles. From Dropping the Dow Jones over 500 points on Friday to now seemingly China "panic printing" money in the nice sum of 1.2 Trillion Yuan. Needless to say the real questions lie in "What Next"? "What's really going on"? "How will this effect everything"? "Are we in trouble"? As usual any thoughts and comments are more than welcome.
This would never affect us. China is printing money to save the outbreak of corona virus and medical emergency is what makes the Chinese government to print 1.2 Trillion yuan. We can see a depict in the economy of china which would also affect the GDP of china and might need couple of years in order to stabilize their economy.Usually this is the case due to the outbreak of the deadliest virus and any country who might have suffered from such kind of virus might have to start printing some notes in order to help the victims. Citizens are much worried and also most have quit their jobs just to be safe from the outbreak and in this situation, china would need a strong financial background in order to help recover from this virus.
Seemingly this Corona Virus has put the Free World and its associated markets into shambles. From Dropping the Dow Jones over 500 points on Friday to now seemingly China "panic printing" money in the nice sum of 1.2 Trillion Yuan. Needless to say the real questions lie in "What Next"? "What's really going on"? "How will this effect everything"? "Are we in trouble"? As usual any thoughts and comments are more than welcome.
If China is really printing money,they would most likely keep that a secret.Nobody wants big inflation in China right now.By the way,the People's Bank of China has big reserves or dollars,US government bonds and gold.
Those reserves can cover the value of newly printed Yuans.There's no need to spread panic.Everything is under control in Asia.The corona virus will slowly fade away with the upcoming spring.
China has one of the most strongest economy in the world. And I'm sure that they are against printing money on the side.
Seemingly this Corona Virus has put the Free World and its associated markets into shambles. From Dropping the Dow Jones over 500 points on Friday to now seemingly China "panic printing" money in the nice sum of 1.2 Trillion Yuan. Needless to say the real questions lie in "What Next"? "What's really going on"? "How will this effect everything"? "Are we in trouble"? As usual any thoughts and comments are more than welcome.
If China is really printing money,they would most likely keep that a secret.Nobody wants big inflation in China right now.By the way,the People's Bank of China has big reserves or dollars,US government bonds and gold.
Those reserves can cover the value of newly printed Yuans.There's no need to spread panic.Everything is under control in Asia.The corona virus will slowly fade away with the upcoming spring.
Seemingly this Corona Virus has put the Free World and its associated markets into shambles. From Dropping the Dow Jones over 500 points on Friday to now seemingly China "panic printing" money in the nice sum of 1.2 Trillion Yuan. Needless to say the real questions lie in "What Next"? "What's really going on"? "How will this effect everything"? "Are we in trouble"? As usual any thoughts and comments are more than welcome.
If China is really printing money,they would most likely keep that a secret.Nobody wants big inflation in China right now.By the way,the People's Bank of China has big reserves or dollars,US government bonds and gold.
Those reserves can cover the value of newly printed Yuans.There's no need to spread panic.Everything is under control in Asia.The corona virus will slowly fade away with the upcoming spring.
I haven't been watching the stock market for a while now and wasn't aware the Dow had dropped 500 points--but in terms of percentage, I don't think that's a whole lot.
Funny thing is, Dow Jones has already recovered from that 500 point dip and it's even higher than it was before it, even though it went a little bit down just recently. Just google Dow Jones and see for yourself, Google provides very convenient charts right on their page.
I think it shows that the markets don't move like amateur traders often predict, just because it sounds logical (event X causes price to move up/down because reasons) it doesn't mean that it's correct. Professional analysts don't think "oh shit this coronavirus thing will crash the markets", they do research about the possible impact of such event, they select some assumptions, they do some heavy calculations, they might consult with some specialists, like biologists in this case, and only then they draw conclusions.
It basically does mean they are printing money. The reverse repo operations temporarily create money out of thin air, much like the Fed engaging in QE.
I have a different view on printing money and having a reverse repo. If you really understood the concept of RRP, then you know that it's not out of thin air and there are securities to be considered where it will become a kind of collateral. The difference would be the imputed interest with it, and that would be computed when the seller decides to finally buy again the securities (collateral) with a higher price.You are stating the definition of a repurchase agreement, which I accept, but you are ignoring the implicit effects they have on money supply.
If you print money, it would have a different impact on the economy, but with RRP, the money is existing already, you just have to find the Buyer where there is an excess amount of cash.
In the case of central bank repurchase agreements, does the money exist already? That's actually the disputed point. The New York Fed explains it this way:
Quote
The New York Fed makes payment for the securities by crediting the reserve account of the dealer's triparty agent, a commercial bank. This act of crediting the bank's account actually creates reserve balances.
Wikipedia is slightly more specific:
Quote
In the United States, the Federal Reserve most commonly uses overnight repurchase agreements (repos) to temporarily create money, or reverse repos to temporarily destroy money, which offset temporary changes in the level of bank reserves.
Money is created or destroyed by changing the reserve account of the bank with the Federal Reserve.
Money is created or destroyed by changing the reserve account of the bank with the Federal Reserve.
The difference between its citizens and the government is not as wide as other nations in China. Basically because they are governed by a dictatorship right now which means any person who lives there and dislikes the government is not really in full freedom, they can't do whatever they want without worrying about government.
Miners are doing what they are doing with the officials permission, if one day Chinese government comes up and says all miners will be banned and jailed, we will see zero miners because all the government would have to do is go to those mining facilities and shut it off, that's it. The only reason China both dislikes bitcoin and likes bitcoin at the same time is, they dislike it when other nations make ICO and get money from Chinese and fails so Chinese money goes out but never comes back in but like it when Chinese do something and bring money into china.
Miners are doing what they are doing with the officials permission, if one day Chinese government comes up and says all miners will be banned and jailed, we will see zero miners because all the government would have to do is go to those mining facilities and shut it off, that's it. The only reason China both dislikes bitcoin and likes bitcoin at the same time is, they dislike it when other nations make ICO and get money from Chinese and fails so Chinese money goes out but never comes back in but like it when Chinese do something and bring money into china.
They did this because of the current situation in China, which is the Corona Virus; they need a short-term raise in the capital for their country to possibly fight against this situation. [2] This is not panic printing but liquidating to have more room for research to fight this disease
It's not about fighting the disease. The PBOC is doing the same thing the Fed was doing in 2008 in order to prevent a banking liquidity crisis where banks stop lending to each other and other businesses. If that were to happen, the entire economy could grind to a halt and basically collapse
Don't forget that the virus can be easily made into a scapegoat if it comes to that
In line with this conspiracy theory, it could also be claimed that the virus was created specifically to deal with the impending economic doom and gloom. So the PBOC went even further than the Fed back then, and if the Chinese economy fails and collapses, they have already invented something to blame and at ready. Did anyone look at this situation from such an angle or only deep conspirologists like myself can see the connection here?
It basically does mean they are printing money. The reverse repo operations temporarily create money out of thin air, much like the Fed engaging in QE.
I have a different view on printing money and having a reverse repo. If you really understood the concept of RRP, then you know that it's not out of thin air and there are securities to be considered where it will become a kind of collateral. The difference would be the imputed interest with it, and that would be computed when the seller decides to finally buy again the securities (collateral) with a higher price. If you print money, it would have a different impact on the economy, but with RRP, the money is existing already, you just have to find the Buyer where there is an excess amount of cash.
It's not about fighting the disease. The PBOC is doing the same thing the Fed was doing in 2008 in order to prevent a banking liquidity crisis where banks stop lending to each other and other businesses. If that were to happen, the entire economy could grind to a halt and basically collapse.
That could be a part of it, knowing that the impact is worldwide. I just haven't thought about the financial side of things, knowing that I want the coronavirus to be analyzed and be neutralized, find a cure for it.Is the solution always about money?
Well in another post I was wondering how China seems to be in some cases so anti bitcoin but they are usually the top mining pools in the world. What do you make out of that?
That's the difference between the government and its citizens. It's not China's government that's mining bitcoin; it's the people.China having an anti-Bitcoin stance is all about preserving the status quo especially when their Government are somewhat threatened by this emerging technology since the ruling party wants to hold on to their power as long as they can. Imho.
China is an antibitcoin country because they have communist type of government. They don't want their people to become rich, they don't want their people to overcome their poverty. They want to prove that government is the superior and not the people so the people don't have the rights to literally own anything. That's why they want to create their own cryptocurrency and not adopt the typical and know cryptocurrency around the world. They want to isolate their country in a global economy so they create their own source of money. As they control their people, they can also manipulate the cryptocurrency to directly go to the government asset and people only receive salary and not the crypto. So unfair to their market.
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