Topic: Why people are comfortable investing in government controlled investments - page 10. (Read 1582 times)

This is exactly the problem: Sometimes.

Will you trust your politicians to never do wrong? (printing)

Will you trust your banks to never do wrong? (fractional reserve)

Bitcoin fluctuates because its free, its rules won't change overnight, if the economy crashes no more bitcoins will be created than if it is in a "boom". The rules of Bitcoin do not change, this is why in the long run, it is Bitcoin the one that is stable, while all the others, are a time bomb waiting to detonate.

Bitcoin has nothing hidden. There is no foundation or developer able to "turn back" transactions or change its fundamental rules on a whim. This is the norm in fiat, and several altcoins. The people who don't understand Bitcoin, want to recreate the very same mistakes of fiat in their altcoins, because that's what they know. But they are wrong.

There is also no arbitrary pegging based on promises, that could be broken on a whim. Ie. Tether promising a 30% reserve... Yeah right. All pegged coins are garbage, true freedom means fluctuation, and fluctuation means true perceived value from buyers and sellers, no facades or "intervention" (State or private).

Trust that your government will never fail. But if it does fail, it is too late for you to withdrawn your trust... Are you putting all your eggs in the same basket? Did you never heard about diversify? Then why would you keep ALL your savings in fiat? So you could lose them all overnight if your politicians do fail?

Be smart already, and do the right thing.

Right now Bitcoin mimics big movements of stock market - yesterday it had another dip just like the stocks did. Global economic collapse would likely be disastrous for Bitcoin if it will happen in the coming years. Maybe in some very long run Bitcoin will become closer to gold, but we might not have that much time to wait.

I don't think that economic collapse is something we should be hoping for, even for hardcore Bitcoin hodlers it will be bad news, as there will be massive unemployment, shortages, social turmoil, etc.

I think this is normal and will continue, many people prefer to invest or save money with the government because they see it as a safe place, and the percent of a collapse in the government financial system are very small, and if the collapse happened it will be for all the people so they prefer investments that controlled by the government
The online investment, whether through bitcoin or others, is always full of risks (and many people still don't trust even paying money online to a bill or services )

Of course many people will prefer investments controlled by the government because because of a sense of security over a long time the government guarantees those who are controlled by the government if you have any obstacles then it will be very safe for us to invest for a long time even investors also use government control.

When Covid-19 came, now the government is overwhelmed in the face of them spending so much money to treat all infected including employees etc., then here is bitcoin able to handle all this I think not because there is no control in crypto so it will be difficult to wind fresh for bitcoin to be recognized throughout the world for now.

There has been a continuous prediction of economic met down next year by many financial experts due to current pandemic disease ravaging the whole world and if this would happen, I am only concern about the impact of the economic meltdown on the price cryptocurrency and other e-currencies. If it might bring about more acceptance of crypto and continuous development of the blockchain technology

People have been programmed from childhood to see government has the Alpha and Omega, and the trust in the government would continue. I don't see any problem investing in government Bonds and co because you are almost guaranteed your investments, the only positive thing investing in Bitcoin is its deflationary properties and this would continue to help drive up the price with time. People just need to wait and see the crazy pump in price in 2021/2022  when all these Airdrops money are looking for here to go

        Most of the times people want to invest not only for profit but for security and reliability. Government controlled investments offer such things unlike most private investments sometimes they do not cover such offers.

Well I just hope that the people who realize it are not only those educated ones, and not only those who can act about it. Banks and the government keep pushing this inefficient system of theirs because it let's them stay at control, but honestly, it's just because of how ignorant most people are regarding how the economy flow goes. Naturally, bitcoin is an option and one that is naturally favored by most, especially those that are frowning upon the system of banks, but there are still a few other assets that could be a safe haven out there, so it depends.

Though if banks keep pushing for the same system to go on and on, they might be able to push their way in against those people with no knowledge of the economy. I mean, they've done it for a few decades already right? Plus, they still have assets to fall back upon when everything goes loose, so they may not necessarily lose their influence.

They think that goverment = reliable. Sometimes this is true

Devaluing the dollar is supporting Bitcoin, in a way. Since the 2008 bailouts, our dollars have lost around 20% of their value vs. CPI goods. That alone is an advertisement for a currency with predictable inflation and capped money supply -- let alone after another 2008-like bailout.


After the deflationary pressures from this crisis wear off over the next year or two and things return to "normal," people are going to start feeling the inflationary effects of these stimulus and bailout packages. Bitcoins will probably be seen as an attractive store of value in that context.

None of this should be expected to happen overnight. It's taken 11 years to get here. In 2017, JPMorgan analysts were calling Bitcoin the next gold. Imagine where things will be another decade from now.

There are still a greater number of people investing in government controlled investments compared to cryptocurrency investments because there are still some countries that do not accept cryptocurrency in their land because of being blink of what cryptocurrency can give to them.

They are also comfortable that their money is much safer because it is handled by the government, so if unpleasant things happen government are one of the responsible to those money. It also Offers good long term returns as compared to some investments, which normally don't offer more than 5 years.

Just think about it a little. 

You know that whatever happens with your government controlled investment, you will have a safety net from that government. History has shown us how governments have bailed out Banks and/or injected millions or even Billions of tax payers money into economies to protect it.

They are printing Trillions of Dollars to reduce the impact of this Covid-19 virus on their local economy and they are doing this with money that was supposed to go to critical needs. (Public Health care / Social grants for unemployed people etc.)

Did Bitcoin get any support from governments when Stock markets plummeted lately? No, because Bitcoin is seen as the enemy. 

We relish in the fact that Bitcoin is not supported by the injection of slow poison from these governments, because this cannot be sustained indefinitely. At some stage we will see that taxes would not be enough to save Banks and/or local economies. Companies and individuals can only pay so much taxes, until they go bankrupt.

It is only smoke & mirrors to postpone the inevitable collapse of the global economy. Will Bitcoin then be seen as a real safe haven or will it be too late?