Topic: Think about this: Is crypto a bubble.... or is fiat a bubble ? (Read 1057 times)
Marketcap cryptocurrency currently more than 100 billion USD, and we've not been able to say this is a bubble, this is the real business and everyone will be serious with cryptocurreny.
Fiat is just a means of control, it's good to see you know this. It's meaningless paper that is given to you in exchange for your work; it has no real value beyond what the government says. If the entire system collapsed tomorrow then there would be a grand total of zero ways to get your work value back.
"Industrial Society and its Future" is an interesting read. In a way I hope it all comes crashing down so we can get some meaning in our lives again instead of the drones the governments encourage us to be.
It might have all been a mistake.
"Industrial Society and its Future" is an interesting read. In a way I hope it all comes crashing down so we can get some meaning in our lives again instead of the drones the governments encourage us to be.
It might have all been a mistake.
Correct.
We all know that cryptocurrency is a bubble not the fiat since it backed by the government and they won't let their currency being volatile like crypto.
If a government defaults on its debt, as has happened numerous times in history, it doesn't matter what the government does
They could not prevent fiat from crashing anymore than they were successful in preventing the economic collapse of 2008.
Governments are not immune to effects of basic market mechanics & economics as the fall of the USSR as a superpower proved.
We all know that cryptocurrency is a bubble not the fiat since it backed by the government and they won't let their currency being volatile like crypto. One thing that make crypto in this case is bitcoin better than fiat is it's a deflationary currency well i think inflation is the major problem for the fiat, they the government are working so hard to controll their inflation as we can see there are many countries have been suffering from inflation for a long time.
There are forced transactions on fiat currencies (like the USD) which artificially increase demand substantially.
[snip]
[snip]
Fiat reserve currencies are violently enforced throughout the world. The USD reserve currency is the enforcer for all central banking systems even in far-away remote countries...because the USD-fiat authorities set the rules for things like AML/KYC and even if a small tiny irrelevent bank in another country does not comply, they are cutoff from any inter-bank remittances (and or the SWIFT network for wires) and thus shut down over time.
Violently enforced through bombs, conflicts, economic sanctions (your people will starve), financing of wars, financing of international defense contractors or construction, freezing of assets, closure of financial institutions.
Coercion has kept the game going in the past, ...but will it work in the future?
Bitcoin has emerged as the proven store of value that is honest with an immutable ledger that cannot be corrupted.
Most other cryptocurrencies, >90%+ of them are scams or temporary pumps or combination of both that offers little novel value to the world.
Just give it 10 more years when the Fiat Fakers wake up and smell the coffie and put some of those corupt powers they bought against Bitcoin then lets see how it survives when they say you need a "aproved" laptop, aproved "internet". Trust me they can crush BTC right now they are not aware of the threat to their fake evil system when they become aware they fight dirty and will crush BTC i'm 99% sure!
Since the crypto market is a relatively free market, I feel that even if the fiat overlords attempt to take out a crypto by buying it out, there is nothing stopping another one being created again for the people. Old banking vs. new tech.
Everything is a Bubble if you look at it from another currency perspective. I'm a firm believer that fiat is not money but rather something that the government uses to keep their grasp over the citizens as a form of invisible taxation.
And whilst I believe bitcoin will be bullish in the long run, as fiat collapses, I still do think that bitcoin right now in the short term has grown too much to be sustainer and not to be called a Bubble.
Fiat is just a means of control, it's good to see you know this. It's meaningless paper that is given to you in exchange for your work; it has no real value beyond what the government says. If the entire system collapsed tomorrow then there would be a grand total of zero ways to get your work value back.And whilst I believe bitcoin will be bullish in the long run, as fiat collapses, I still do think that bitcoin right now in the short term has grown too much to be sustainer and not to be called a Bubble.
"Industrial Society and its Future" is an interesting read. In a way I hope it all comes crashing down so we can get some meaning in our lives again instead of the drones the governments encourage us to be.
It might have all been a mistake.
The concept of fiat being a bubble is linked to the deficit and what happens historically when governments default on debt.
If the united states defaults, hyperinflation will occur and the value of the dollar will plummet through the floor.
In that happens, it may be fair to say: fiat is a bubble.
This could be reflected in japan, australia, russia, china & many other foreign countries abandoning the dollar as a reserve currency while embracing bitcoin & crypto instead.
Foreign powers embracing crypto while ridding themselves of dollars they were holding could be considered evidence: fiat is a bubble.
Like Leonardo Decaprio and Kate Winslet fleeing the titanic, everyone abandons the sinking fiat ship before it sinks.
If the united states defaults, hyperinflation will occur and the value of the dollar will plummet through the floor.
In that happens, it may be fair to say: fiat is a bubble.
This could be reflected in japan, australia, russia, china & many other foreign countries abandoning the dollar as a reserve currency while embracing bitcoin & crypto instead.
Foreign powers embracing crypto while ridding themselves of dollars they were holding could be considered evidence: fiat is a bubble.
Like Leonardo Decaprio and Kate Winslet fleeing the titanic, everyone abandons the sinking fiat ship before it sinks.
Fiat isn't in a bubble it's dying eaten by a cancer. That cancer is inflation.
Every year you hold your fiat there's less and less that you can buy with it. Bitcoin on the other hand... Just look at the charts
Every year you hold your fiat there's less and less that you can buy with it. Bitcoin on the other hand... Just look at the charts
NOTE: This message was originally not posted by me, but instead by someone who compromised my account. I have deleted the content.
Maybe a repeated question ? Not sure...
Just simple economics, no need to get very deep into this question.
USD (as an example, could be other currency) has no limit, nothing scarce, it has value because people believe in it, it has history and is issued by an entity that is loosing the trust once had.
In the other hand, any crypto currency is limited, it's scarce, it's been almost 10 years since the creation and you can trust the technology.
Why is this still not worth trillions ?
It's not worth trillions because people don't care enough to invest trillions into it for fuck's sake. If there was a demand to justify it being in the trillions then it would be there by now, however it is not valued beyond $2,8XX as I type this right now, so there is only a demand for it which makes it worth $2,8XX. This is a simple lesson about economics and it should be blatantly obvious but apparently stuff like this is too complex now. Just simple economics, no need to get very deep into this question.
USD (as an example, could be other currency) has no limit, nothing scarce, it has value because people believe in it, it has history and is issued by an entity that is loosing the trust once had.
In the other hand, any crypto currency is limited, it's scarce, it's been almost 10 years since the creation and you can trust the technology.
Why is this still not worth trillions ?
Maybe a repeated question ? Not sure...
Just simple economics, no need to get very deep into this question.
USD (as an example, could be other currency) has no limit, nothing scarce, it has value because people believe in it, it has history and is issued by an entity that is loosing the trust once had.
In the other hand, any crypto currency is limited, it's scarce, it's been almost 10 years since the creation and you can trust the technology.
Why is this still not worth trillions ?
Just simple economics, no need to get very deep into this question.
USD (as an example, could be other currency) has no limit, nothing scarce, it has value because people believe in it, it has history and is issued by an entity that is loosing the trust once had.
In the other hand, any crypto currency is limited, it's scarce, it's been almost 10 years since the creation and you can trust the technology.
Why is this still not worth trillions ?
Bubble means that something rapidly grows in price and than falls to a previous level or lower. This is not happening with fiat, as its value only constantly decreasing due to inflation.
Why crypto is not worth trillions? It's very slow and very expensive to move, it's in a gray are of the law. Most people feel satisfied with fiat, so why should they switch to crypto?
Everything is a Bubble if you look at it from another currency perspective. I'm a firm believer that fiat is not money but rather something that the government uses to keep their grasp over the citizens as a form of invisible taxation.
And whilst I believe bitcoin will be bullish in the long run, as fiat collapses, I still do think that bitcoin right now in the short term has grown too much to be sustainer and not to be called a Bubble.
And whilst I believe bitcoin will be bullish in the long run, as fiat collapses, I still do think that bitcoin right now in the short term has grown too much to be sustainer and not to be called a Bubble.
Maybe a repeated question ? Not sure...
Just simple economics, no need to get very deep into this question.
USD (as an example, could be other currency) has no limit, nothing scarce, it has value because people believe in it, it has history and is issued by an entity that is loosing the trust once had.
In the other hand, any crypto currency is limited, it's scarce, it's been almost 10 years since the creation and you can trust the technology.
Why is this still not worth trillions ?
Just simple economics, no need to get very deep into this question.
USD (as an example, could be other currency) has no limit, nothing scarce, it has value because people believe in it, it has history and is issued by an entity that is loosing the trust once had.
In the other hand, any crypto currency is limited, it's scarce, it's been almost 10 years since the creation and you can trust the technology.
Why is this still not worth trillions ?
Comparing fiat to bitcoin is outrightly ill informed conclusion. Fiat has been since time immemorial with a lot of development which has evolved in relation current economic happenings in the country at the time. It is also not free because that would negate the artificial scarcity to keep its value. Bitcoin on the otherhand is an evolving currency which is made for the whole world compared to countries having their own individual currency to serve as their identity. This alone gave value to fiat and makes it more acceptable to the populace.
Maybe a repeated question ? Not sure...
Just simple economics, no need to get very deep into this question.
USD (as an example, could be other currency) has no limit, nothing scarce, it has value because people believe in it, it has history and is issued by an entity that is loosing the trust once had.
In the other hand, any crypto currency is limited, it's scarce, it's been almost 10 years since the creation and you can trust the technology.
Why is this still not worth trillions ?
Just simple economics, no need to get very deep into this question.
USD (as an example, could be other currency) has no limit, nothing scarce, it has value because people believe in it, it has history and is issued by an entity that is loosing the trust once had.
In the other hand, any crypto currency is limited, it's scarce, it's been almost 10 years since the creation and you can trust the technology.
Why is this still not worth trillions ?
Bubble means that something rapidly grows in price and than falls to a previous level or lower. This is not happening with fiat, as its value only constantly decreasing due to inflation.
Why crypto is not worth trillions? It's very slow and very expensive to move, it's in a gray are of the law. Most people feel satisfied with fiat, so why should they switch to crypto?
Eh, crypto is in a bubble. And greed had twisted most coins to its hand, take bitcoin for example. Decentralized? Yea right. Cryptos for the little guy, nope they are there to get eaten by whales. When the bubble bursts the whales won't be the ones that fall with the bubble.
The little guy who gets crushed demands that you lie and say that will never happen. I'ts like in my country people hate freedom and demand they be regulated (the more the better) they say everyday we are not regulated enough but they demand that tryrants call that freedom!
Same with bitcoin little guys they demand lies. Do not say the truth like you are they will hate you for it! So learn to lie!
Eh, crypto is in a bubble. And greed had twisted most coins to its hand, take bitcoin for example. Decentralized? Yea right. Cryptos for the little guy, nope they are there to get eaten by whales. When the bubble bursts the whales won't be the ones that fall with the bubble.
There are forced transactions on fiat currencies (like the USD) which artificially increase demand substantially.
[snip]
[snip]
Fiat reserve currencies are violently enforced throughout the world. The USD reserve currency is the enforcer for all central banking systems even in far-away remote countries...because the USD-fiat authorities set the rules for things like AML/KYC and even if a small tiny irrelevent bank in another country does not comply, they are cutoff from any inter-bank remittances (and or the SWIFT network for wires) and thus shut down over time.
Violently enforced through bombs, conflicts, economic sanctions (your people will starve), financing of wars, financing of international defense contractors or construction, freezing of assets, closure of financial institutions.
Coercion has kept the game going in the past, ...but will it work in the future?
Bitcoin has emerged as the proven store of value that is honest with an immutable ledger that cannot be corrupted.
Most other cryptocurrencies, >90%+ of them are scams or temporary pumps or combination of both that offers little novel value to the world.
Just give it 10 more years when the Fiat Fakers wake up and smell the coffie and put some of those corupt powers they bought against Bitcoin then lets see how it survives when they say you need a "aproved" laptop, aproved "internet". Trust me they can crush BTC right now they are not aware of the threat to their fake evil system when they become aware they fight dirty and will crush BTC i'm 99% sure!
sr. member
Activity: 378
Merit: 278
Bitcoin :open immutable decentralized global fair
There are forced transactions on fiat currencies (like the USD) which artificially increase demand substantially.
[snip]
[snip]
Fiat reserve currencies are violently enforced throughout the world. The USD reserve currency is the enforcer for all central banking systems even in far-away remote countries...because the USD-fiat authorities set the rules for things like AML/KYC and even if a small tiny irrelevent bank in another country does not comply, they are cutoff from any inter-bank remittances (and or the SWIFT network for wires) and thus shut down over time.
Violently enforced through bombs, conflicts, economic sanctions (your people will starve), financing of wars, financing of international defense contractors or construction, freezing of assets, closure of financial institutions.
Coercion has kept the game going in the past, ...but will it work in the future?
Bitcoin has emerged as the proven store of value that is honest with an immutable ledger that cannot be corrupted.
Most other cryptocurrencies, >90%+ of them are scams or temporary pumps or combination of both that offers little novel value to the world.
Just give it 10 more years when the Fiat Fakers wake up and smell the coffie and put some of those corupt powers they bought against Bitcoin then lets see how it survives when they say you need a "aproved" laptop, aproved "internet". Trust me they can crush BTC right now they are not aware of the threat to their fake evil system when they become aware they fight dirty and will crush BTC i'm 99% sure!
...you may be right...these coming years may be dramatic.
~
Why is this still not worth trillions ?
Why is this still not worth trillions ?
because people are simply scared of what is unfamiliar and many of them won't lift a finger until it is too late in the game and it is time for FOMO. we sometimes call some of bitcoin price rises as FOMO but in reality we have not yet seen a real FOMO!
when some time has passed from Japan's mass adoption and a couple more countries joined in and when price went up real high that is when the masses will pour in and FOMO buy bitcoin and price goes to the moon that time. we are still in calm stages.
There are forced transactions on fiat currencies (like the USD) which artificially increase demand substantially.
[snip]
[snip]
Fiat reserve currencies are violently enforced throughout the world. The USD reserve currency is the enforcer for all central banking systems even in far-away remote countries...because the USD-fiat authorities set the rules for things like AML/KYC and even if a small tiny irrelevent bank in another country does not comply, they are cutoff from any inter-bank remittances (and or the SWIFT network for wires) and thus shut down over time.
Violently enforced through bombs, conflicts, economic sanctions (your people will starve), financing of wars, financing of international defense contractors or construction, freezing of assets, closure of financial institutions.
Coercion has kept the game going in the past, ...but will it work in the future?
Bitcoin has emerged as the proven store of value that is honest with an immutable ledger that cannot be corrupted.
Most other cryptocurrencies, >90%+ of them are scams or temporary pumps or combination of both that offers little novel value to the world.
Just give it 10 more years when the Fiat Fakers wake up and smell the coffie and put some of those corupt powers they bought against Bitcoin then lets see how it survives when they say you need a "aproved" laptop, aproved "internet". Trust me they can crush BTC right now they are not aware of the threat to their fake evil system when they become aware they fight dirty and will crush BTC i'm 99% sure!
sr. member
Activity: 378
Merit: 278
Bitcoin :open immutable decentralized global fair
There are forced transactions on fiat currencies (like the USD) which artificially increase demand substantially.
[snip]
[snip]
Fiat reserve currencies are violently enforced throughout the world. The USD reserve currency is the enforcer for all central banking systems even in far-away remote countries...because the USD-fiat authorities set the rules for things like AML/KYC and even if a small tiny irrelevent bank in another country does not comply, they are cutoff from any inter-bank remittances (and or the SWIFT network for wires) and thus shut down over time.
Violently enforced through bombs, conflicts, economic sanctions (your people will starve), financing of wars, financing of international defense contractors or construction, freezing of assets, closure of financial institutions.
Coercion has kept the game going in the past, ...but will it work in the future?
Bitcoin has emerged as the proven store of value that is honest with an immutable ledger that cannot be corrupted.
Most other cryptocurrencies, >90%+ of them are scams or temporary pumps or combination of both that offers little novel value to the world.
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