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Someone from au  Told me Australia will make big printing... Will join with top printers uk and USA and europe....
Money printers goes.. Prrrrrrrrrr...


Good for btc Now there is a lot money to push Up btc... Think about Person in europe Can enjoy the funds from au USA and uk If u are btc holder u Can Get funds from many countries


Australia will flood the streets with big chunk of money Nice one!!   

Unless that someone can provide a link to the official statement from the AU government, think of his statement as mere speculation. The Australian Reserve Bank governor already said in a speech just last month that he opposes printing more money during this pandemic. https://cointelegraph.com/news/australian-reserve-bank-blasts-money-printing-theres-no-free-lunch

The title of the post makes no sense. Australia is already printing money: https://debtclock.com.au/

I guess what OP is trying to say is that Australia is going to print way more money due to the pandemic but they are already in the creating money out of thin air game.

Apart from that, his statement is not backed by sources, as @Yoguee said.

I Say That's  how is

Every single country will have to do some printing of money out of thin air during this pandemic. There is no exception. They are doing that without a pandemic so there are actually more reasons, more urgent ones as well, to do that now.

The Reserve Bank of Australia (RBA) is doing what other countries' central banks are doing. And they have confirmed that.^[1]

[1] https://www.abc.net.au/news/2020-04-07/coronavirus-economy-printing-money/12125816

I don't see any recent official news about the printing of money in Australia for the injection in their economy.

The most news about an injection that I've seen was months away. But just like any other country that's affected by the covid19, they have no choice but also to inject money for their economy.

and even if they are printing more money, what's the connection with bitcoin as what the OP is trying to connect here? not many people are into crypto, though the adoption is increasing but this printing of money doesnt directly translate to the performance level of bitcoin. everyone just want to correlate with crypto market even if it isnt. they have more important things to accommodate than buying crypto in times of crisis.

There is no official announcement of this so far, that is correct. But the news [1] of the last few days lead to the conclusion that more money will be printed in Australia soon. The central bank has no choice in the economic situation but to weaken the currency. If everyone is printing like crazy (FED, ECB, BoJ, BoE...), then even the most steadfast will eventually give in. Sad but true.

[1] https://www.marketwatch.com/story/australias-central-bank-lays-out-grim-scenario-2020-08-07

He's one of those who believed that a lot of people in the USA who bought Btc during the 1st stimulus checks, since Btc showed a good rise during that time.
This printing of money would never do good from both the economy and crypto space IMO.
Our government made a lot of fee adjustments increasing the basic necessary documents like driver's license, insurance benefits, and others to cope up with the economic downturn instead of printing excessive money.

Ahhhaaa...
Australia is Not rich its just built Up with printed money lol...
Its a debt huge debt but im sure au will make printing record lol....  They been always one of the biggest printers.....  I Don't Know If USA is bigger lol.... But Australia is one of the biggest printers Around the World



For me this world is funny Everything is so fake and phony in this world

Because of the typical assumption that printing more economically-unsupported money will devalue it, the faster the seemingly indiscriminate printing goes the faster the devaluation takes place. And this is supposed to be beneficial to Bitcoin being a form of money, a fiat alternative, whose features basically counter this integral fiat characteristic.

However, as you said, not that many people are into crypto for now so this printing of money out of thin air by all the central banks around the world does not necessarily translate into people resorting to keep their money's worth in Bitcoin.  


Australia is one of the richest countries in the world.

Yes rich coz They are one of the biggest printers...

It's ongoing. The central bank launched an "unlimited" QE program months ago, not to mention the government's fiscal stimulus:


https://www.reuters.com/article/us-australia-economy-rba/australia-central-bank-urges-ongoing-government-stimulus-for-economy-idUSKBN2410I4


Stocks, gold and other precious metals, BTC.....everything is pumping together right now. Haven't you noticed? It's no coincidence. All the money printing and fiscal stimulus is pumping up risk asset markets.

Not only those mentioned. Also real estate is pumping, at least in Europe. Art also reaches new record prices in various auctions. It's ridiculous. We are in a worldwide economic crisis that is as severe as it was in the 1920s, and yet asset prices are rising. Fiat money is doomed.

that is not pushing the value up though. it is only pushing the price up and that doesn't mean much.

value of bitcoin has to rise which means if you can for example buy a cup of coffee with 43000 satoshis today you have to be able to buy the same cup of coffee with 31000 satoshi (or anything less than X).
but when they print money, the value of fiat is decreasing and a cup of coffee that was worth $5 for example would be worth $7 then and you still pay the same 43000 satoshis even if bitcoin is worth more against $$$.

Fiat money will survive!!  
It will be nasty surprise Once They rise Up the intrest rates :)  

But by then there will be a lot less money in circlelation... So Everybody will be Looking at money but no body seems to have it lol 😀😀



It will be funny to watch how Everybody cry After coz Now Everybody will Reclessly spend this printed money on assets!  
Asset sellers will laught at them and at the End They will hold  a lot money.



And When intrest rates will Rise... No body Can't pay Back so it will be biggest bancrupty all over the World

It's so funny that you included "Prrrrrrr.." I'm surprised that you even heard it, lol. I was just kidding.

I don't think the printing of money is for cryptocurrency sake, knowing that it's never going to be for that but the people who would be given that money "might" buy cryptocurrency from that, so it's possible for a small bullish run but not a lot, for sure. Maybe if there's a directly proportional factor for Printing money AND BTC, then there could be an even better possibility.

For now, let's just see, we are currently above the average price for around 30 days so, it's not wrong to speculate that it could even go higher.

---

Is there an instance where it wouldn't? It's not going anywhere for sure.

I also looked for a source and I didn't found one, but if this really happens, bitcoin community will celebrate.

We will become resistant to inflation, if they print a lot of money, probably inflation will occur and the value of fiat will decrease. This is the thing that Australia could get on joining money printing like the other countries. but it is much better if you will provide the link where you have read that information so it will become more reliable.

The source is this What I Say I Know and I Say what I Know!! 
U Don't need to look Somewhere Else.
I Say I know

Bitcoin is going up because there is more money in circulation nowadays and some of that money does end up in bitcoin and I am very fine with that, hopefully there would be more increases in bitcoin to make us richer.

However do not forget that there is also the fact that purchasing power goes down, so yeah maybe you had 100 dollars that became 120 dollars but the thing you could have bought for 100 dollars became 120 dollars as well, so you basically have the same purchasing power whereas you do not have the old amount of money but have more of it on bank account.

I don't know how great that is, I would prefer a method where the purchasing power increases and nations fiat are very strong, yet bitcoin is just stronger. I know that is rare and unlikely but that would have been awesome and perfect.

Wait for the Next Recession in 2030


This one is just a Walk in the park

I actually wrote "real estate" in there originally but when I checked a bunch of random large cap REIT charts, they are still way down for the year, unlike the other assets mentioned.

What markets do you watch to gauge real estate?

I suppose the overall market would be a mixed bag right now, depending on region and property type. There is an ongoing exodus from urban locales to suburban ones. Real estate should be down in tourist destinations and college towns. Commercial property too, considering the move towards remote working. I think suburban and rural residential markets are doing well though.

If Something is Down its a Temporary Down
The money what will be Going in all over the World will be very big.
Prices will rise definately everywhere

I don't know whether the information you get is reliable or not, for sure if it is true it turns out that Australia
prints a lot of money then bad things will happen and the effects can occur in the future. Regarding printing a lot
of money can increase the price of Bitcoin, still not proven the truth. It shouldn't be good either for Fiat or Bitcoin.

Well, the leader in Australia is an idiot as well, I still remember the time when Australia was on fire and dude went to some other nation for a trip and when he came back he had the audacity to go check the people who were affected by the fires, and I remember clearly how everyone there was like "f off mate" to him because dude wasn't around and didn't care during the worst part of it and just came back and checked when it was almost over or at least over on that specific region.

I still can't believe that they elected someone like him who wouldn't care when his nation is literally on fire. So, that means he wouldn't care about printing money as well, he would print and give some to his friends probably to save them, and wouldn't care long term effects of printing money at all.

As we have seen everytime if there is a country (especially US government) who printed a lot of money for their stimulus then we will see a huge increase for bitcoin and also altcoin.

This could be happen for Australia, I think there are a lot of people who has been aware against bitcoin and they know how promising it is. Moreover, in the current situation where bitcoin has a good sentiment market there will be easy to attract new people to invest in it.

Plus interest rates are at or near zero, so that certainly doesn't deter people from trading any of those assets on margin--and the more margin buying there is, the more inflated the prices get.  Just wait until governments decide to increase interest rates; I'd expect everything to plummet, and quick.  Even rumors of an interest rate hike could cause a massive selloff. 

Although OP didn't provide a link to back up what he's claiming, Darker45 did (though I haven't read it yet) and let's assume it's true that Australia is following in the footsteps of the US Federal Reserve and is printing money all day and night.  That would indeed be a good thing for bitcoin, but overall it isn't good for a lot of other things and I hope Australia doesn't go haywire like the US did and continues to do. 

By the way, this is why a lot of people consider bitcoin (and gold/silver) to be real money: you can't just create it out of thin air, at will, forever.  There's a limit to how much bitcoin will ever exist, and it isn't under the control of idiotic governments with shit-for-brains economists running the money system.  I watched a pretty good Youtube video (https://www.youtube.com/watch?v=zWrG6TCP1fA) recently that kind of sums it up.  It's worth a watch.

What some people don’t seem to realize is that as time goes on the fiat will depreciate and Bitcoin will keep increasing in value, it will soon reach a level that is far bigger than the price we have right now. It’s all about patience, though I do know that there are people who know this, but they can’t have the patience due to one situation and the other. The price of cryptocurrencies did well in recent times, more than I expected this month, I wasn’t expecting it to get passed the $9000, just woke up and checked it was already $11,800. It can become stable now and before you know it, maybe the next month, it starts to move up again.

Guys but I was right au will print huge Money Now :)

They announced this :)  and knew it

They're going to have to print money because the US and other countries are doing it, the amount of money in circulation is greater and they will manipulate the exchange rate and then they will buy back the whole world. That's how they've been doing it for the 10 years since the 2008 recession hit. That is also the reason that the rich continue to get rich quickly.

Recession has been happening for alot longer then just this virus term, if we account for inflation correctly in that the unit of money is worth less as more is produced and GDP does not keep up then the rate of inflation exceeds the rate of growth or a negative GDP which is recession and thats been true a long time as FED and many other central banks such as ECB have not been able to stabilize their markets and retract QE programs.    None of this is clear just yet as QE has not ended, at some point natural effects outweight anything government can do and we will see the true extent of damage to the economy.

We are not sure if the money that will be printed by the government has 100% chance of getting invested into the crypto currencies. I mean who says that anyway?
It could be primarily used for healthcare stuff like emergency tools, ambulance, increased medical staff. There is race for vaccine development so I believe that this will also be used for R&D purposes.

I think we are in the crypto space on daily basis and due to this people has got tendency to relate everything that is happening outside the forum to crypto currencies. Come on guys we can do better and share better co-relations inhere. 

Indeed. How can someone be so sure that every printed money that created or ordered by the Australian government would only be invested into cryptocurrencies because government would just used these printed money on building establishments, invest in technology and education, and to provide goods and services.

What happens if I tell you one simple truth? The more money in the M2 supply the less money value.
The scheme is outrageously simple so watch your hands!
We print a lot of money > money is getting cheaper because of inflation
The higher the inflation, the cheaper the money
The cheaper the Fiat money , the cheaper the cryptocurrency.

Do you seriously think that having $1,000 and $100,000 is a big difference? This is a big difference if the total amount of money issued is the same for both amounts.
And when you turn on the printer machine, yesterday's $1000 turns into today's $100,000, but their value does not change. That yesterday you could buy one iPhone for 1000 that today you will buy one iPhone for 100,000.

Do you really not see a direct connection between the fiat economy and the cryptocurrency - in the form in which it is now?

Calm down now, I guess OP is just having a misconception. Maybe he is overwhelmed by the fact that btc is decentralized and the banking systems are the opposite thus thinking that they are not connected to one another at all. We should always remember that we are not living in a cashless society (at least for now), btc and every crypto's value are still based on the conventional fiat. Well, let's just understand him and let him realized everything.

Thanks for giving this link. I was also thinking the same. Someone is speculating but not based on solid source/information. This pandemic will cause inflation through out the world which is for sure.

Hay mucha información al respecto, el problema sigue siendo las fuentes y no hay mucho que se pueda hacer al respecto.

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Saludos.

I think that act of printing money can only benefit btc if the government is giving some palliatives to the people or give it out as very soft loan. If money is printed and not well checked, it can become another problem.

While this is good news for btc it will take a long time for australians to do so because most people are able to use crypto as a currency. It takes a long time to make sense many countries do not yet support crypto as they see it as illegal which is possible if the government intervenes it will depend on the government of that country how it will control. I think banks will gradually introduce cryptocurrencies if money is converted.

So this is not a problem of OP, but a problem for the entire nuclear crypto society as a whole (as far as I can tell).
The author is not the first and not the last with such thoughts and words that he spread here. But then they go to their friends and complain to each other that " damn me again was poured with shit but I were right(((".
I don't even really understand how people with such naivety and such knowledge of the basics of the economy could even go online, so sometimes there are epic posts from them.

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