I'm not comfortable with government controlled investments and with fiat money. If I have to use fiat money I choose cash. I can feel that push from the banks and the governments to make us stop using fiat money and I'm the kind of person who likes to push back. The harder they want me to do something the more suspicious of it I get and the more I oppose.
People are taught to trust the government, that they will be taken care of and have free tiome to pursue their own goals in life. They just need to pay the government a share and everything will be fine. Today you can't even be sure if your house will belong to your children after you're gone or if the socialists will decide to tax inheritance to make sure most of your wealth gets redistributed after your death.
Topic: Why people are comfortable investing in government controlled investments - page 9. (Read 1582 times)
March 29, 2020, 11:47:41 AM
March 28, 2020, 11:41:46 PM
.........
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.)........
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?
I really don't understand something here, people keep complaining about how government is injecting trillions of dollars in the system especially with this covid-19 situation, but my question is...
what would you rather have the government do in this situation?
Should they fold their hands and watch people die of this disease without doing anything?
Or how do you expect the government to generate this money to help combat this disease? Because medical packs to help people affected are in short supply....
Is it that the government has a reserve to fight issues like this and they refuse to make use of it, rather they decide to print new money?
Please indulge me and make me understand the situation and why you think the government is doing something wrong injecting money to fight this disease.
And what makes you think btc is ready.......?
March 28, 2020, 11:02:20 PM
Government controlled projects dont know what they are feeding with. What is the most aspect those official wants? Of course its taxes, if it werent for that, I dont think they will impose strict rule. Why bitcoin has so many enemy? Obviously it will be banks that could be replace as soon government get a hold of it. But that's not going to happen, every user or holder of btc wouldnt allow that. I guess those forks of btc can be underdogs of them like bch and bsv but not btc. Satoshi created it to have a financial freedom, which everyone can use and not being opressed by taxes that we all knew only government wanted to have.
Im not saying we should avoid tax but with the likes of them? Come on, mostly are corrupted and Satoshi is sick of it. So he made bitcoin for everyone to enjot with.
Im not saying we should avoid tax but with the likes of them? Come on, mostly are corrupted and Satoshi is sick of it. So he made bitcoin for everyone to enjot with.
March 28, 2020, 10:49:27 PM
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?
Bitcoin future will always depend to the investors and governments who will fully adapt it because if the whole government will totally impose a ban in crypto currencies then it is too late for the bitcoin to become a safe haven. Other are investing in stock market because this is the old way of investing and they feel safe to it as it either government owned or private owned company that have a potential to grow. 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?
The vulnerability of crypto currencies especially the bitcoin is what others are afraid of but if this uneasiness will fade then it is not too late for bitcoin to become a safe haven for us.
March 28, 2020, 10:30:35 PM
If there is a collapse, investors must be scrambling looking for better options for their wealth. And with Bitcoin being more or less independent from the mainstream investments, some must be taking it into consideration.
Fundamentally, Bitcoin is, of course, one safe haven if in case fiat will collapse. But one question is vital in this situation, how are we to look at Bitcoin without fiat? Bitcoin has been here for a decade at least but with fiat's ultimate downfall, the way forward is a completely different path. We cannot be treating Bitcoin as 1 BTC = $6,500 or whatever value anymore. It would become 1 BTC = 100 million Satoshis. How does this setup become enticing to investors? This is going to be very puzzling for me.
Fundamentally, Bitcoin is, of course, one safe haven if in case fiat will collapse. But one question is vital in this situation, how are we to look at Bitcoin without fiat? Bitcoin has been here for a decade at least but with fiat's ultimate downfall, the way forward is a completely different path. We cannot be treating Bitcoin as 1 BTC = $6,500 or whatever value anymore. It would become 1 BTC = 100 million Satoshis. How does this setup become enticing to investors? This is going to be very puzzling for me.
March 28, 2020, 10:27:43 PM
Did Bitcoin get any support from governments when Stock markets plummeted lately? No, because Bitcoin is seen as the enemy.
if anything this goes to prove how string bitcoin is even though a lot of panic occurred. everything else is being "bailed out" while bitcoin stays up on its own without letting the panic sellers cause any more havoc. that is also why i always say panic sellers are only a small portion of the bitcoin market not all of it, the rest is more level headed people who understand the true potential of bitcoin.
March 28, 2020, 10:20:58 PM
It is only smoke & mirrors to postpone the inevitable collapse of the global economy.
Definitely this is going to happen, unfortunately only few of us see this because most of the people are not really aware on what is happening in the finances of our country, they are just ordinary people who focus on making a living on a delay basis while the government is cheating on them. Will Bitcoin then be seen as a real safe haven or will it be too late?
Hopefully more people will see this and I know it's never too because bitcoin will continue to exist and as of now the adoption is still low. 
March 28, 2020, 10:15:21 PM
Lets keep one thing in mind here, bitcoin is NOT an investment. It's not a replacement for a backbone of anyone portfolio. Sure it has become an investment, in the same sense that countries currencies are traded.
U.S. treasury note/bonds are considered to hands down be the safest investments on earth. Yes it's backed by only the good faith of the government, and no longer gold..but that's the same for every other nations currency. There's a reason why governments such as China buy up U.S. bonds no matter what or how low the interest rates get. So yes, until the apocalypse happens, I'm going to trust investing in the governments debt products over anything else out there promising a certain rate of return.
U.S. treasury note/bonds are considered to hands down be the safest investments on earth. Yes it's backed by only the good faith of the government, and no longer gold..but that's the same for every other nations currency. There's a reason why governments such as China buy up U.S. bonds no matter what or how low the interest rates get. So yes, until the apocalypse happens, I'm going to trust investing in the governments debt products over anything else out there promising a certain rate of return.
March 28, 2020, 10:02:11 PM
-snip-
It could be that security reasons are a major factor why many investors prefer investments regulated by the government rather than investments decentralized assets, namely crypto. All investors want the security level of their investments to be guaranteed and investments involving government support are the solution for them. In contrast to other bitcoin and altcoin investments, the government does not want to be responsible for what might happen with these investments either hacking even when the global economy collapses. The government only gives permits to investors in many countries to trade bitcoin or other cryptos as commodity assets and some other countries also allow them to be used as legal tender.Regarding investment instruments, everyone has the right to determine what instruments they will invest in, both in crypto assets and shares supported by the government, so I think the goal is still in the context of seeking profits. So basically I would not say that investors who dont invest in crypto are wrong, and I also dont want them to be able to blame us as people who like crypto as an investment instrument.
March 28, 2020, 09:28:22 PM
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?
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?
I think Bitcoin is not seen as an enemy here. Rather, people only trusts government controlled investments. They do not have any idea or maybe a wrong idea about crypto controlled investment that's why it is only essential to go on banks and have their assets be protected there. Even though they pay taxes, they are assured that nothing can happen with their investment and will rather grow or increase in a safe and legal way. Let's just hope that communities and the government itself will soon realize how Bitcoin can also be a safe haven for their assets.
March 28, 2020, 09:26:56 PM
They just wanted some fully secured investment platforms with a lot of benefits. also If they lost their funds accidentally in that investment, they have a higher percentage of getting it back. unlike in a decentralized investment in the crypto industry, the chance to get back your investment after some major problem is almost impossible. we always see each year that some exchanges are fallen to some exploit of hacking activities. Only one exchange has recovered their funds to their investors. from all of the histories of hacking the only exchange that recovered their investor's assets is Binance.
March 28, 2020, 09:10:29 PM
I prefer to invest in, say, Testla, Google, Amazon, AMD, because they are the safest and have proven to provide great economic growth. It's risky, yes, but nothing like investing in crypto. Also, the US is one of one of the most powerful and rich countries in the world. Now, I'm not against investing in crypto, I certainly have, but cashed when I got my profit. I belong to the camp where if you hold = fool.
All the business you prefer to invest in are mainly digital. However, the great economic growth still needs more investments in other fields. Investing in bitcoin is more than investing in a digital thing, especially in our days.If we are talking about the investment it is consist of money and most of the time those businesses that already earn a lot of money and reputation are the one who gets a lot of opportunities to get more investors and even this is risky still there is a higher chance that they will get a lot of market income because of those ones of the biggest earners into the world of business. Also, the traditional way of payment is through banks and fiat currency because there are only few banks support the use of the cryptocurrency even the entrepreneurs want to use it still it is not supported on their country but it depends on the people on the particular place if they are trying to adapt this kind of payment like in China their president supports the use of cryptocurrency so there is a chance that they will now use the payment of digital currency and it is more helpful because it is faster and secure transaction and also less hassle.
March 28, 2020, 08:29:41 PM
I prefer to invest in, say, Testla, Google, Amazon, AMD, because they are the safest and have proven to provide great economic growth. It's risky, yes, but nothing like investing in crypto. Also, the US is one of one of the most powerful and rich countries in the world. Now, I'm not against investing in crypto, I certainly have, but cashed when I got my profit. I belong to the camp where if you hold = fool.
All the business you prefer to invest in are mainly digital. However, the great economic growth still needs more investments in other fields. Investing in bitcoin is more than investing in a digital thing, especially in our days. March 28, 2020, 08:06:31 PM
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.
That is why only those risk takers are willing to invest Bitcoin and willing to lose as well. If Bitcoin is fully having the support from the government, I believe that many people would like to take the risk in crypto.
March 28, 2020, 08:03:18 PM
Probably because they think stocks and fiat is much safer because they have more stable price rather than Bitcoin. Little they know that it can be subject to manipulation such as quantitative easing and fractional reserve banking. They've been fooled by this system and with financial crisis and negative interest rates. They'll realize how horrible this system is.
And will find Bitcoin much reliable because it has no central authority and distributed ledger to freely use their own cash.
And will find Bitcoin much reliable because it has no central authority and distributed ledger to freely use their own cash.
March 28, 2020, 06:41:24 PM
I prefer to invest in, say, Testla, Google, Amazon, AMD, because they are the safest and have proven to provide great economic growth. It's risky, yes, but nothing like investing in crypto. Also, the US is one of one of the most powerful and rich countries in the world. Now, I'm not against investing in crypto, I certainly have, but cashed when I got my profit. I belong to the camp where if you hold = fool.
At least now people here are changing their tune. Just two weeks ago 90% of posters here swore btc was 'digital gold,' a 'safe heaven,' etc.
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.
At least now people here are changing their tune. Just two weeks ago 90% of posters here swore btc was 'digital gold,' a 'safe heaven,' etc.
March 28, 2020, 05:50:56 PM
People are stupid and they are proving it by keeping money in the bank when they are getting only 2% a year with an inflation of 3%. This is one of the dumbest thing you can do with your money but so many people choose this.
I once saw a survey where a guy was walking down the street asking random people what would they do if he gave them 10 thousand EUR right now. Most of them said they'd deposit it in the bank or hide somewhere at home.
Most people don't understand what a currency is and think that it doesn't lose value over time and will always be accepted.
I once saw a survey where a guy was walking down the street asking random people what would they do if he gave them 10 thousand EUR right now. Most of them said they'd deposit it in the bank or hide somewhere at home.
Most people don't understand what a currency is and think that it doesn't lose value over time and will always be accepted.
March 28, 2020, 05:21:28 PM
The government has actually supported the Cryptocurrency and this is happening in my country. Cryptocurrency Trading is now legal as an investment tool. If, the Government participates in crypto funds. I suppose it will be temporary because this digital currency is controlled by large investors in many countries.
In addition, people will invest because it sees security. The Government guarantees that the number one security so that it makes the trust of the community increasingly increasing.
In addition, people will invest because it sees security. The Government guarantees that the number one security so that it makes the trust of the community increasingly increasing.
March 28, 2020, 02:37:17 PM
When it comes down to it, the real answer is because governments have armies.
March 28, 2020, 10:03:00 AM
You answered the question on your post already. It is actually because people are more confident on government controlled investments (this does not mean that they support that government or they have full confident on the government itself). They know that since it is government control or is under the government, nothing can go wrong. Even if it does go wrong, the government can handle it and reimburse/compensate their investors. They also know that the government always has an exit strategy without causing much damage.
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