The long-term "dream" of all Bitcoin supporters is that the spike cycle will repeat it self over the next years... but when you have bitcoins in the recovery cycle... it goes down very hard and it does not beat inflation.
Topic: What Bitcoin stands to gain when the government prints more currencies - page 2. (Read 376 times)
October 16, 2021, 01:47:59 AM
Well, if you consider Bitcoin (high risk) as a anti-inflation currency... then you might want to re-consider your investment. Bitcoin has a good store of value, but it is not guaranteed and you would be making a big mistake to invest all your money into Bitcoin.. in the hope that it will continuously beat inflation as an investment.
The long-term "dream" of all Bitcoin supporters is that the spike cycle will repeat it self over the next years... but when you have bitcoins in the recovery cycle... it goes down very hard and it does not beat inflation.
The long-term "dream" of all Bitcoin supporters is that the spike cycle will repeat it self over the next years... but when you have bitcoins in the recovery cycle... it goes down very hard and it does not beat inflation.
October 16, 2021, 01:37:32 AM
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them
Please read a few resources about Bitcoin supply and Central bank digital currency (CBDC). Next, look at the chronological chart of the purchasing power of US dollar. Lastly, make sure you read the topic about Equivalent network time. In that topic, you will get the estimated time to mine 1 BTC, now (since 2020 May halving till 2024 halving) that is about 48 seconds; then compares it to the estimated time about 12 mins 48 secs in 2032.In 2032, 99.2% of total supply will be mined (see in Controlled supply)
- [GUIDE] All About Central Bank Digital Currency (CBDC)
- Purchasing Power of the U.S. Dollar Over Time
- The bullish case for Bitcoin. Because of the Lindy effect, it is safer to invest in Bitcoin past 2 years than in 2013 when price is very cheap.
- Controlled supply
- Equivalent network time
October 15, 2021, 10:06:45 PM
Unfortunately, the government does not see the benefit of bitcoin to them. If they can see that using bitcoin can prevent them from printing more money and preventing inflation sooner or later, they can integrate their financial system with blockchain.
People do not care about that because they will not complain to their government as long as they can still earn money from what they did. People think that is their government's job but once inflation almost happens, people will ask how the government works and needs to solve the problem.
People do not care about that because they will not complain to their government as long as they can still earn money from what they did. People think that is their government's job but once inflation almost happens, people will ask how the government works and needs to solve the problem.
October 15, 2021, 09:49:34 PM
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
When we talk about inflation, it's generally the increase in prices of various commodities and which in turns decrease the value of the currency in that particular area. Bitcoins, the world's 8th most valuable asset now, have shown over the years how the market is not only unpredictable but predictions might be futile, the price is volatile at times and sometimes it's not always positive. Which inturns makes it easier to understand why it's not always a good concept to use it as a wall. It might be, certainly but we can never forget the volatile nature as well, plus whales and panic selling is still something that must be controlled. But few positive points we can't deny:
Limited supply
It gaining more acceptance everywhere
Which does give us some hope.
October 15, 2021, 09:19:54 PM
Bitcoin's price trend is not really affected by the expansionary policy that the central banks are adopting. The Bitcoin's price doesn't exactly track the inflation of fiat or the deflation of itself, even though that might still conform to the general trend. The general public isn't really concerned about that, or if fiat is becoming less valuable. It might be worth it to mention that printing money or adopting these policies isn't necessarily bad. From an economist POV, they are necessary to simulate the economy, especially now that we're coming out of a pandemic.
October 15, 2021, 09:10:26 PM
If money is overflowing, its value is going to decrease. The purchasing power of money will suddenly weaken to the point that goods and services will become unaffordable. People will always find a way to preserve their money's worth.
One of the alternative ways to avoid the impact of inflation is to buy Bitcoin. As opposed to the infinite amount of money that could be printed, Bitcoin has a fixed supply. This means it is somehow protected against indiscriminate minting and consequently devaluation.
In other words, the gain that Bitcoin will have when governments are printing more and more money is that a certain percentage of this will probably go into Bitcoin. So more money means more money to buy Bitcoin. That's a rising demand on a limited commodity.
One of the alternative ways to avoid the impact of inflation is to buy Bitcoin. As opposed to the infinite amount of money that could be printed, Bitcoin has a fixed supply. This means it is somehow protected against indiscriminate minting and consequently devaluation.
In other words, the gain that Bitcoin will have when governments are printing more and more money is that a certain percentage of this will probably go into Bitcoin. So more money means more money to buy Bitcoin. That's a rising demand on a limited commodity.
October 15, 2021, 07:37:30 PM
The uprise of bitcoin evidences the lack of trust investors and common citizens have on governments as a whole nowadays. Nobody who has basic knowledge in finances rely their investmets in fiat currencies anymore, because they know on long run their patrimony is going to devaluate if they do this.
Fiat became a dangerous business and from now on, after the pandemic, we don't know how accelerated inflation is going to be due to the continuous interference governments have been doing on the financial system, in a desperate attempt to convince investors everything is under control and their respective countries are profitably safe for investments.
Politics has become the art of deceitfulness and spots that should be technical inside the governments are now totally occupied by politics, including ministries of economy. As they only worry about short-run goals (to win elections), they only have short-run solutions in mind, which are harmful futurely. The issues we see now are just the tip of the iceberg, but thankfuly bitcoin has been already identified as a possible solution.
Fiat became a dangerous business and from now on, after the pandemic, we don't know how accelerated inflation is going to be due to the continuous interference governments have been doing on the financial system, in a desperate attempt to convince investors everything is under control and their respective countries are profitably safe for investments.
Politics has become the art of deceitfulness and spots that should be technical inside the governments are now totally occupied by politics, including ministries of economy. As they only worry about short-run goals (to win elections), they only have short-run solutions in mind, which are harmful futurely. The issues we see now are just the tip of the iceberg, but thankfuly bitcoin has been already identified as a possible solution.
October 15, 2021, 06:29:36 PM
If governments continue to print more and more money into circulation inducing rapid inflation, people will soon see the value of bitcoin as a hedge against the devaluation of their assets. People will buy bitcoin, hold it, and may never even convert it back to their original currency. They will see more utility in bitcoin than other assets, as bitcoin already proved that it can hold value and can go toe to toe against any other asset class. Hopefully, the rapid devaluation of currencies don’t happen too fast, or we may see yet another economic downfall for lots of countries.
October 15, 2021, 04:50:52 PM
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
Apparently US is preparing to print a lot of paper cash. Rumours have been going on saying they are on the verge of printing 31 million USD. I wouldn't be surprised at all. And I believe this has been having a direct implication on the bitcoin price.
US is paying money to the people who stay at home. only a few people work this time and companies are trying to pay more for these people to work. the world got a lot crazier since some countries now are not accepting USD for America is destroying their own USD. hedging against this inflation made dollar holders buy BTC.
the BTC circulating on exchanges is also getting low because of regulations and withdrawal limits. when binance announced to only allow 0.06BTC, traders are getting out. new investors that want to buy have limited supply making the price head back to $64K, thanks to them.
October 15, 2021, 02:37:52 PM
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
They're not doing that to pump their currency but they're doing that to temporarily solve their problem about debt but they know about the impact of its long term, and that's going to be adding more percentage to their country's inflation.The edge of bitcoin and its advantage from these governments that are printing more money, they can use it to buy more bitcoin and that will make bitcoin pump. I remember the injected money last year and it has contributed to bitcoin's price a lot.
October 15, 2021, 01:18:09 PM
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
But doesn't this raises a question on the usage of bitcoin as a currency? If its value keeps on increasing this way how would one be able to spend it? A rational consumer would always tend to keep the currency rather than spending it because he is expecting its value to grow tomorrow. I think there is no way bitcoin can be used as a currency in the longer term, yes CBDC might be a good alternative if they don't contain the property of unlimited printing, otherwise, we need to look at some option that doesn't rise in value so much, especially in such a short term. October 15, 2021, 01:03:31 PM
This issue is as old as hills. We see daily posts that Fiat currency notes are published every day that's why bitcoin is the solution to control the inflation bla bla. The point is that financial system of the world is run by governments and they only accept fiat right now. We need fiat for our daily living. Crypto is still not everybody's game, since it's known among its community members that are not very large in number right now.
October 15, 2021, 12:11:57 PM
Apparently US is preparing to print a lot of paper cash. Rumours have been going on saying they are on the verge of printing 31 million USD. I wouldn't be surprised at all. And I believe this has been having a direct implication on the bitcoin price.
Your link makes no mention of $ 31,000,000 worth of money being manufactured. Where are you quoting from?
As to minting a One Trillion Dollar coin - a more lasting impression in people's minds would be a one trillion dollar coin minted on a planchet made of Plutonium or some other highly radioactive element.
October 15, 2021, 11:32:42 AM
Inflation's a global issue right now - supply chain issues are effecting major ports causing product shortages, and then there's the issue with central banks injecting too much cash into the money supply producing long term inflation upwards of 5 percent for some places. The US federal reserve in particular is on the hook for trillions in liabilities, and when they default on their debts, I'd expect Bitcoin to skyrocket as the world's largest currency falls. China is having some issues with their economy as well, but CNY I'd predict will last a bit longer than USD, but with global markets so intertwined, expect a domino effect.
You can pretty much sit and watch the collapse in real time, it's no longer predictions. You can see the price of BTC correlating with the inflation rates.
You can pretty much sit and watch the collapse in real time, it's no longer predictions. You can see the price of BTC correlating with the inflation rates.
October 15, 2021, 11:17:51 AM
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
Apparently US is preparing to print a lot of paper cash. Rumours have been going on saying they are on the verge of printing 31 million USD. I wouldn't be surprised at all. And I believe this has been having a direct implication on the bitcoin price.
October 15, 2021, 10:41:17 AM
I think it should be attracting the right kind of money if we want the growth to be sustainable. The right kind of demand should come mostly from hard-earned money or hard-money, which will likely be used responsibly or for something very useful on the network.
This particular price increase is unique and well deserved though.
This particular price increase is unique and well deserved though.
October 15, 2021, 02:39:57 AM
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
Some members would argue that bitcoin is not anti-inflationary currency. But with limited and ever-decreasing supply, it definitely gives bitcoin an edge over any traditional currencies that exists in the world. Government has to adjust the supply based on inflation and hence they are bound to print money to keep the supply ongoing on the basis of demand in the market.
Bitcoin is mainly an accumulation game. The more you accumulate, the brighter your future will be! If not already started, start now!
The poor people who know nothing about Bitcoin will remain poor still. Whether we agree to it or not, it's just how the world works. The world is just not going to work without slaves who will fork for their masters who have more. The poor who can only afford altcoins may still stand if they just keep a stash.
BTC halves every 4 years, it sure is anti-inflationary currency but more than that is that its total supply is just 21M, I don't know why anyone wouldn't believe it since its the coders who could say because it's opensource.
October 15, 2021, 01:22:51 AM
Price-wise we will always (until the end of time or end of unlimited supply fiat) see bitcoin price go up simply because even with a fixed value price goes up against fiat when it loses its value. Like anything else such as groceries!
Value-wise we will only see rise as long as the adoption continues, and the adoption increases as governments print more money and people flee inflationary fiat for deflationary bitcoin. But it won't continue happening forever. At some point (maybe after reaching $1mil+) we will see a fixed value for bitcoin.
Value-wise we will only see rise as long as the adoption continues, and the adoption increases as governments print more money and people flee inflationary fiat for deflationary bitcoin. But it won't continue happening forever. At some point (maybe after reaching $1mil+) we will see a fixed value for bitcoin.
October 15, 2021, 12:53:54 AM
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
Some members would argue that bitcoin is not anti-inflationary currency. But with limited and ever-decreasing supply, it definitely gives bitcoin an edge over any traditional currencies that exists in the world. Government has to adjust the supply based on inflation and hence they are bound to print money to keep the supply ongoing on the basis of demand in the market.
Bitcoin is mainly an accumulation game. The more you accumulate, the brighter your future will be! If not already started, start now!
The poor people who know nothing about Bitcoin will remain poor still. Whether we agree to it or not, it's just how the world works. The world is just not going to work without slaves who will fork for their masters who have more. The poor who can only afford altcoins may still stand if they just keep a stash.
BTC halves every 4 years, it sure is anti-inflationary currency but more than that is that its total supply is just 21M, I don't know why anyone wouldn't believe it since its the coders who could say because it's opensource.
October 15, 2021, 12:42:24 AM
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them
Please read a few resources about Bitcoin supply and Central bank digital currency (CBDC). Next, look at the chronological chart of the purchasing power of US dollar. Lastly, make sure you read the topic about Equivalent network time. In that topic, you will get the estimated time to mine 1 BTC, now (since 2020 May halving till 2024 halving) that is about 48 seconds; then compares it to the estimated time about 12 mins 48 secs in 2032.In 2032, 99.2% of total supply will be mined (see in Controlled supply)
- [GUIDE] All About Central Bank Digital Currency (CBDC)
- Purchasing Power of the U.S. Dollar Over Time
- The bullish case for Bitcoin. Because of the Lindy effect, it is safer to invest in Bitcoin past 2 years than in 2013 when price is very cheap.
- Controlled supply
- Equivalent network time
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