Bitcoin Forum

I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

Excessive printed fiat can lead to hyperinflation, but know that USA knows how to do it not to result to inflation.


Bitcoin can not crash, even if the price decrease, the price will later increase. Bitcoin is deflationary, a money and an asset. Bitcoin is not getting critized like before because people are turning to knowing about bitcoin unlike ignorant messages of last decade.

I am not supporting fiat, but US will know how to regulate their economy while having Bitcoin is the best safe haven history has proven.

There's a USD hyperinflation going on right now,and that hyperinflation is happening on Wall Street.
Tesla stocks increased their price 12 times for 3 years.Tesla isn't a very profitable company with global domination in the auto market.Is this hyperinflation or what?Are Tesla stocks really that valuable?
The question is when the hyperinflation on the financial markets will turn into hyperinflation on the consumer markets?This will be next economic collapse...
Bitcoin is going just fine in this global recession.

I'm leaning towards the latter, big companies and institutions have been flowing their hard earn cash to bitcoin as a hedge and store of value because of the worsening global economy. I wouldn't call this a big test to bitcoin, but rather the 'only logical' choice to everyone, from average Joe to millionaire and billionaire to institutions and big companies such as Tesla. No wonder we have reach uncharted territory and we are now in a new narrative and we have seen a paradigm shift because of Covid-19 effects.

During the pandemic Bitcoin experimented a crash like most of the assets (Gold included), but since then institutions started to use it to hedge against fiat inflation. But we don't really know if they are doing this mainly for the capital appreciation or to actually hedge their cash balances.

Given the features of Bitcoin I'd say it is a perfect candidate for a crisis safe-haven and not only, but what I think is not that important. What matters is what the market thinks ;)

Mr. Satoshi created Bitcoin with the future in mind. He was very ingenious without a doubt and he has left us a great contribution to humanity. Now the most notable men of science and technology have joined his philosophy to continue defending our ideals and what can be the solution of the global economy. We have opened our eyes and we have realized that centralization has so much power that it manipulates us. With bitcoin we are free because it gives us the power to choose thanks to decentralization. In addition to the magnificent creation of bitcoin there are the other coins that is a family.

Some may not agree with me, but without altcoins, cryptocurrencies would be difficult to acquire for some.
Today cryptocurrencies are accessible to everyone at least for those where their countries have banned bitcoin.
I think that bitcoin will be acquired by more institutions as a store of value and for daily transactions the altcois will be of greater use is my point of view based on my own experience.

i am also starting to believe that , he/she created bitcoin inspired from 2008 financial crisis, without banking inside the bitcoin system which mean its depend on demand by people , no one can really control the price. Lately, big instution come in seems like signal , signal do they believe its a kind of investement , or signal for fall together.

Excessive money printing always lead to hyperinflation, but there is nothing official stating more money has been printed to overcome the economic situation prevailing within the country. United States being one of the much affected country due to the covid-19. Today the officially calculated death count have come close to half a million.

Criticisms were common with bitcoin and the different economic policies of the country. However the cryptomarket is getting mainstream, that is just because of the common man believing in it as the safe haven against the paper money.

Bitcoin is only a part of the markets for now, and that was more than clearly visible last year in March when everything collapsed - has Bitcoin avoided a general collapse? Printing money has always been the solution in times like the present - but it is actually the only mechanism governments have to prevent a total collapse of the system. Each system rests on at least three axes - police + army + employment and income of all citizens.

If people don't have jobs, they don't have income, they don't have basic necessities - they will take to the streets and start protests - and then the government must use the police and maybe even the army to keep control. The problem is when the army and police do not want to clash with the people, which means that they no longer support the current government.

That is why every government wants to give the people bread and games, as was the case in ancient Rome - and pay the police and army well to be loyal to the government. I believe that the US administration will not allow any hyperinflation, they are simply too smart to lose control - if anyone has to pay the price, it certainly won’t be them.

Along with criticism, whether the impact of the current massive correction is a result of these problems, because when referring to timeframes, there is some kind of concern that traders have. we hoped the hyperinflation of the dollar would exceed the limit if the printing was duplicated. printing money for one reason only, it would be obvious that the dollar value and confidence were weakening.

that's a common mistake, USA didn't print that much money they minted it. that is why even after this many months we haven't seen the economy be destroyed yet and why we aren't feeling the inflation. but the money they minted is going to slowly enter the circulation and showing its effects. in other words the inflation is inevitable no matter what US does but it will happen slower.

Institutional investors surging in Bitcoin and Adding more positions during the is a good sign that they are slowly transitioning there investment from stocks to crypto market. No one can accurately predict on what will be the behaviour of cryptomarket when global economy collapse but one thing is for sure, Cryptomarket will sure recover if ever collapse will affect crypto too.

the existence of BTC looks as if planned because it was revealed right after the economic crash in 2008. from then on satoshi must have seen the future that it will keep going until BTC will save the people from the crash that will keep on going over and over. printing is inevitable though, when businesses shut down, there are just a few options to make the economy running but printing more of the USD.

You dont need hyperinflation to lose. Just few % price inflation every month adds 100% in few years. You money value halve. Not to mention that keeping that money in a bank will give you negative interest rate. This will happen for sure.

If you take these situation into account, we are seeing huge investments from corporate and institutional investors in recent times and the worrying economic situation globally during and after the pandemic must be the real reason many are using the bitcoin market as a hedge if something bad happens. If not there is no way billions are pouring in just recently when there were ample time to accumulate before the pandemic.

If there is a financial crisis you might see the reflection in every sector and that includes the cryptocurrency market but we might see huge investments as well.

They will blame Covid-19 but the system was allready broken long before that.

Just like what happened to many countries experiencing a high percentage of inflation, this can happen to any country so make sure that you do necessary action to counter inflation, or at least to secure some good investment. Cryptocurrency is a big thing, this can be a big help during that collapse, I hoping that many are starting to realize this and adopt bitcoin as much as possible.

Bitcoin has been tested many times and it proved to be worth over fiat.

People are investing because they loss faith on fiat, and though there's a lot of manipulation happening in the market, but for long term or on overall average, we still can't deny that bitcoin is quite profitable. It may dump now but it's not serious as eventually it will rise over time, unlike on fiat where when the economy is down, inflation will hit and will take time to recover, even possible it will not anymore recover.

Decentralized currency is the money of the people, we are in control of this, so we are safer as long as adoption continues.

See, I've always thought Satoshi (whoever that entity is) created bitcoin because of the banking crisis of 2008/09.  For a time back then there was a fear that huge banks would fail and ATMs would stop spitting out cash.  Satoshi might have been thinking about rampant money printing, but who knows? 

I still don't see bitcoin as a safe-haven, go-to asset in times of trouble type of investment, and the only reason I say that is because of how volatile it is.  When I think of safe-haven assets, I think of gold and silver which tend to hold their value and even increase when shit hits the fan on Wall Street.  But bitcoin?  It's just over 10 years old and doesn't have a track record (yet) of providing a safety net for investors when they want to get out of stocks and/or cash.  Sure, everything is looking very rosy at the moment but we all know bitcoin could plummet in the blink of an eye.  It's happened many times before and I've no doubt it'll happen again.

Well, as time goes by, bitcoin will definitely considered to be the currency reserve as other fiats showed not good progress and economy are still not yet resolve from other countries.

Also, this covid 19 eventually an eye opener that bitcoin has a certain purpose and it can be use during the pandemic and also can be a store value for some. The only problem I am seeing is the fraudsters who are using bitcoin that affects really the reputation of it.

That’s why I believe Bitcoin’s biggest test is during the next Economic Crisis, which would also be during a period with M2 Money Stock at the highest.

https://fred.stlouisfed.org/series/M2

If Bitcoin fails to hold, or increase its value DURING HYPERINFLATION, and crashes together with the global economy, then we might see it fail the test. BUT, I also believe it wouldn’t be its only test. It will be its biggest test, but it’s just the first test.

They will blame it because it exposed the broken system and they know that the broken system will not be for the long term and they have back up plans at the bay to curtail their own losses when this collapse happens. If an economic collapse were to happen, I think that bitcoin will not be the only one that can help us in that collapse because there is still gold and silver to help with that, remember that you can choose what you can hedge against the collapse but I advice that you should diversify.

We all know 99% of the people who are investing in bitcoin or any cryptocurrency is looking for a mere cashout when they make 2x or 3x but some good old guys and the rest of the 1% know that Bitcoin was created to be a digital and decentralized version of our currency. In an open market where anyone can come in, some billionaires like Elon or the old timers are playing the speculative game to pump and dump the market to cash out the profits.

Many of us know that the whole world is printing more money to stabilize the losses we have faced during 2020 COVID period and people knowing this and getting into bitcoin ain't the reason. For instance, if we take the motto behind a random stranger who is in a shitty Binance Telegram group or some random newcomer in Bitcoin Twitter all they say is that they came to the crypto market to get rich and only a mere 1% came for the revolution and to stay like us.

The reason for satoshi inventing bitcoin and developers working on it, is always different while comparing them to a normal person who is here for profits. In the case of 1923 hyperinflation in Germany, the government printed too much trillions which made the people to carry cash in carts to buy one loaf of bread but currently the exposure and the government ideology has changed over the years and in my point of view a hyperinflation would likely occur.

As I already said, when these alts and others shits like DeFi came in due to the open source movement we have moved into a speculation game rather than a revolutionary game. 99% ain't investing in bitcoin just because they know government is printing trillions but the reason is they want to get rich in this speculation game. In this post (https://bitcointalk.org/index.php?topic=5166572.msg51876012#msg51876012) I predicted if we are in a dystopian era when bitcoin replaces Fiat currency we might be touching $500k but pumping to $50k when not really much has happened is only because people are getting in without knowing what bitcoin is!

Neutral on this because if we don't have a way to make surplus money (jobs or business), we won't be able to invest anything since the money we earn and the money we spend neutralizes which is the current scenario in third world countries.

Bitcoin’s biggest test during inflation won’t be, if there’s a surplus of fiat to invest in Bitcoin, because who wants fiat during a time like that?

https://lenpenzo.com/blog/wp-content/uploads/2017/10/wheelbarrow-wallet.png

The real test would be, will everyone actually start to accept Bitcoin for actual goods, and services. Would it be in demand as real MONEY, not as an “asset for speculating”.

That will change as well, all those people who do not see bitcoin as a safe haven right now, will be seeing it in the next 10 years whenever there is an economical crisis. Price of bitcoin dropped a whole lot right now right? Well in the past 1 year we have moved from 5k price to ~60k price no matter how much it falls, in fact if it reaches to 20k price today, that would still be 4x return in a year as well, who can make a profit like that anywhere else? I didn't see any other stock that made this type of return.

Long story short it is obvious that people do not put money into things they are not certain about and I do not see anyone doubting bitcoin in the future, they are doubting it right now and that is why they do not put their money in but they will not be doubting it in the future. This is why I believe it is going to be awesome in the future.

If fiat money is going to face serious economic crisis then the price of bitcoin will actually increase not only due to the fall of purchasing power of fiat but also people will start moving their fiat money to anything which is considered as Store of value and for sure more people will consider bitcoin as store of value than in past because they understand what is Bitcoin from covid 19 crisis and 2020 bull run.

I really want to believe this, because if people lose faith in their governments and in their economy, then the only hope remains for assets that are supposedly not subject to depreciation. Another question is that this is all based on the belief of people buying up the asset and this belief may not coincide with the asset itself. Let's not forget what the American government did during the Great Depression with the gold reserves of the citizens.

Probably.

Since we are still in the initial stages of the development (i.e 10 years), this isn't possible now as majority of the crypto market is geared towards making speculative profits rather than the real use cases. Almost 95% of the people who are involved in crypto are thinking bitcoin is only meant to be traded in exchanges and not to be used as a currency and changing these speculative mindset lies in the hands of true bitcoiners.

We are the ones who need to educate as many people as possible to accept bitcoin as a currency in return for doing work rather than making speculative bets on bitcoin. Even after speaking about bitcoin both technically and economically with people known to me for hours since 2017, the common people are still considering open source softwares like Linux and Bitcoin inferior to Windows and Fiat currencies.  :-\ Unless and until common people don't come out of the matrix world they live in (considering fiat as better currencies) they are doomed.

I think the fears of hyperinflation in the US are overblown. Hyperinflation is generally the result of printing a lot of money and that money being unable to find a market. Right now, the money being spent by the Feds is just going to major American corporations and investment institutions. I think it will leave American companies with a lot of spare cash-flow to invest in new markets and expand.

This is basically a roundabout method to counter the world trade balance. If you see the way international trade has shaped over the past few years, American manufacturing and infrastructure companies have essentially been ignored by Americans as well as the rest of the world. Most major technological infrastructure is being built by Chinese companies. In almost all of them, the Chinese government provides state backing. To the outsider, they are just companies participating in international bids.

These things have much greater geo-strategic implications than Bitcoin right now. When you really look at the scale of things, Bitcoin marketcap or Bitcoin transaction volume is a drop in the ocean. Frankly speaking, Bitcoiners and crypto should stick to making the technology better (For example, LN, streaming payments, DAOs). All of this discussion about the American Dollar collapsing and Bitcoin becoming Store of Value is pretty much hubris.

We had big test in March last year when covid crash happened. Bitcoin went from $9000 to $5000 in a week. So value of Bitcoin almost halved. At same time Gold went from $1680 to $1480. So a 12% drop. This is huge difference. And it matters a lot to people that want to hedge against economic crashes. It i s much better to lose 12% then 45%

Considering how everyone was running away from bitcoin in March 2020 along with every other financial asset, I'd say it's not there. That was the closest thing to the big test we've had sine Bitcoin was introduced. Economic uncertainty, falling stock prices, capital flight to safety.  And where did the capital flee to?  Not bitcoin.  Bitcoin suffered 30-40% drops from mid February 2020 to mid-March 2020 as lockdowns started and economic fear about the future was at it's highest and governments started talking about firing up the money printer.  Under the theory that bitcoin is actually a safe haven, this should have sent the shares sky high, not crashing.  But that's not what happened.  Bitcoin has since undergone the same extreme asset appreciation we've seen in many other speculative assets like tech equities.  The price growth has been about the same, with bitcoin up about 4.5x since the mid-Feb crash, the same ballpark as most speculative tech stocks which are also up 3.5x-4.5x since then. In this regard, the returns from bitcoin aren't even special, they just track a larger overall trend, yet bitcoin gets the majority of the attention because of how vocal the community is.  However, objectively speaking, the conclusion is pretty clear- not a safe haven, driven by speculation still. 

Those immoderate printed USD only brings bad impacts on the economy in the long term even though Biden can stimulate the initial life standard during covid-19. God, they only stick to printing money without thinking of the consequences. People who receive money will be possible to manage their life for a couple of months but after that, what will they do if the economy remains stagnant? Moreover, the more money is printed, the less valuable it will be. Thus, things increase the price a lot which makes workers with normal income harder to buy anything.

Bitcoin has long become one of the best safe havens for people to store their money although it might still fluctuate during hard times. But when we analyze the long-term chart, there is no doubt that bitcoin is on a right track.

Assuming that it is a fact that the printing of cash bills causes a great excessive inflation that is not controlled except to generate liquidity in the governments, the damage is experienced by the people who depend on this traditional economy, which will always keep them in debt, on the other hand, cryptocurrencies and bitcoin escape from any inflationary system, in the pandemic it was observed that all stock markets fell, even bitcoin suffered, but the Bitcoin market followed by gold, were the markets that recovered the fastest , The reason is simple, the economy was on the verge of a world crash, bitcoin and gold functioned as a safe haven for money, protecting value is not far-fetched in these times.

There is no point in comparing gold and BTC, never, not even in the case when the market collapses as it did in March last year. I can also say the following: How much has the price of BTC risen over a period of one year - more than 400% - and gold, if I'm not mistaken, has gone up by only about 5% (today's price $1734).

People who want stability and can't stand volatility will always choose gold - others know that BTC has always been something to be trusted from the very beginning until today.

While it's true that quite a lot of people are in the network to make ROI from it's spontaneous appreciation in price, that in itself is productive for the network, I think some of the newcomers like myself who now believe in Bitcoin as a currency that gives freedom, control and eliminates manipulation, started of with a wrong perception of the network as a 'get rich quick scheme', what I'm saying is that with time, many people who are Investing in Bitcoin just for ROI would little by little start appreciating the network, cause to use Bitcoin, you definitely have to understand a bit of it, the more that understanding grows, the more that misconception is corrected. I for one believe that people should use the network for whichever reason possible, that appreciates adoption, and the network benefits massively from that as it moves towards mainstream adoption.
I second this, I think part of the problem is the 'complicated' nature of 'being your own bank' with Bitcoin, most people find the risk concern to do that quite overwhelming and thus desist from the network, it's basically clear to majority of people that Fiat and it's inflation is a problem now and in the future, but they wouldn't use Bitcoin cause the media have 'heightened' the risk in it, without highlighting the basic security protocols to protect ones funds, that's why Bitcointalk as a forum is so important for every Bitcoiner.

This is a really big question, the following days will show the mistake of the US Secretary of the Treasury and all those who said that Bitcoin is a means of speculation only and will discover that Bitcoin is considered a store of value and a safe haven when these economies begin to collapse as a result of printing trillions of banknotes, unfortunately they cannot see this simple fact.

This isn't true in the least. Bitcoin fell faster and harder than the stock market at the start of the pandemic, and has retraced the same shape as other speculative assets since. At no time was it functioning as a safe haven and you can't even say it is now because it's risen in the same proportion as other speculative assets.  If its price movements are not unique, there is nothing to differentiate it from the other assets classes and no evidence it's being treated as a safe haven unless you're also going to argue that tech stocks are also a safe haven because they've experienced the same proportional price increase as bitcoin during the pandemic.  (And that's ridiculous.)

Store of Value concept has been varying ever since the early days of gold standard and when monetary economics came to practice. Initially money was tied to gold and when World War I came, gold standard was removed and US started printing more to pay for the expenses. Gold faced a severe volatility and then it had a market of its own. Today we can see they are being used heavily in jewelry, bullions etc and other store of value items like bond, real estate and collectibles started having a market of its own.

With it's extremely poor scalability issue, bitcoin has been seen as a perfect store of value rather than a currency, but what is the purpose of bitcoin if it's not being used as a currency  ??? just holding trillions? If most of us consider it as a store of value or a digital alternative to gold, then probably we need to stop thinking of scalability but rather find ways to accumulate sats! Truly speaking, the use case of bitcoin has heavily shifted from what satoshi envisioned while launching the network.

I think that it is worth forgetting about other options for using bitcoin other than as a means of speculation and investment in the near future. Yes, the founding fathers of bitcoin, led by Satoshi or someone else, put a different meaning, and it was the use of bitcoin as a currency or even a substitute for fiat currencies in certain conditions, but life ordered otherwise. The water flows in the direction where there is the least resistance, and given the small enthusiasm of the governments of the countries about creating a competitor to fiat currencies, we have what we have.

Bitcoin was launched on January 3, 2009, this means that there is a possibility that Satoshi Nakamoto was inspired by the global economic crisis
that occurred in 2008. Which means that since the beginning Bitcoin was designed as a solution to overcoming the economic crisis, then proven
again when the economic crisis occurred in 2020 due to the COVID-19 pandemic. Bitcoin can be a safe haven as the price continues to rise,
while other assets have decreased performance.

So if the next economic collapse occurs with the government continuing to print money with the intention of restoring the economy. I think it's clear
Bitcoin will become a safe haven again, actually seeing Bitcoin's performance this year it is very clear that Bitcoin can be a solution to the economic
crisis that has occurred. In fact I got lucky by moving all of my fortune earlier this year from the bank to Bitcoin. Because now my wealth is increasing.

You’re merely talking about volatility. If that’s your main concern, then as a hedge, place a smaller portion of your capital in Bitcoin, and a larger portion in Gold. BUT, here’s the real risk of Gold as a true hedge, who controls the vaults? Not your vault, not your Gold. 8)

It is better to have the same portion in bitcoin and gold ;D
That will give you more chances to make money or having two types of investment. And if the economy is crash or hyperinflation, people will search for the other way that can make them feel save. Maybe they will move to bitcoin or gold or another thing that we do not know. But if they move to bitcoin or cryptocurrency, that will be good for us because we already have bitcoin and altcoin.

He literally was. He encoded a headline about the UK bank bailouts in the genesis block. Bitcoin was a concept for a long time before the white paper, but the currency devaluation he felt was going to be commonplace because of the financial crisis in 2008 gave new meaning to what was already planned to be released.

Senate democrats in the United States congress pass one of the biggest spending bills in history. 1.9 trillion dollars...USD is not a stable currency anymore. When you have politicians that believe they can print money on a machine for political victories, you have destabilized the currency in a way that will cause extreme inflation.

So there really isn't a test for Bitcoin. The long term goal for any BTC user/investor has always been -- let the largest currencies in the world collapse due to irresponsible spending and let BTC take the throne because of its decentralization. Unfortunately for Americans, this process will be expedited thanks to this spending bill.

Provided this collapse doesn't ensue a war for resources, We can guarantee that bitcoin will take over the currency and will stand victorious against the USD. In all these years bitcoin only appreciated in value, while USD steadily fell down and lost its worth, and as OP have said, with the upcoming printing of inordinate amounts of USD, expect an economic collapse and those who have bitcoins will stand victorious. Except if more Americans see what's going on and find out the best way out is thru cryptocurrencies like bitcoin, this could only be bad for those who hoard USD. But I digress.

Nonsense. The USD is stable despite all the QE. Bitcoin maximalists have been preaching uncontrollable inflation for 10 years now and it hasn't happened. That's a long track record of being wrong. And like it or not, USD is far more stable than bitcoin. You know which one doesn't fluctuate 10% in a day regularly? USD. You know which one you can predict with certainty the value of tomorrow, next week, next month and next year? USD. You can't accurately predict what the price of bitcoin will be on any given day and the uncertainty only gets worse the farther out you go. That's the definition of an unstable currency.

That is saying a lot to be fair, 1.9 trillion dollars to stimulate the economy in my opinion is enough. Maybe they have a plan in mind to prevent the potential collapse after this stimulation. How can we really gauge that the USD is really unstable as of this moment? I don't think that bitcoin has to prove anything because bitcoin is tied in some way to USD, also I don't think that this is an irresponsible spending because the people wanted this and the politicians are not always at fault here, they are just the puppets.

As a personal choice, I believe it’s definitely better to, as a hedge, place 100% in Bitcoin, and zoom out. Bitcoin is censorship-resistant, self-sovereign, easy to store, and can’t be confiscated from you. How can you store a substantial amount of Gold without trusting a third party? A big vault on your house? How will you spend it? Carry a heavy bag and a weighing scale?

That will be my secret to store my gold if I do not want to store it in the bank or the other third party. I am sure I will figure out how I can use that gold to buy something. I do not have to carry a heavy bag because there will be some ways that I can use to sell the gold.

But that will be no problem if you want to place 100% in bitcoin to store your money.

But during a time when the government loses control of its monetary system, we should use something else as money as a back-up/fall-back. Something that we can transact easily, not like Gold. Bitcoin is easier, and a more efficient way. We can’t expect merchants to accept Gold pieces like the Medieval Times.

Doesn't need to have a collapse for bitcoin to prove its worth, it already did a long time ago. I can't get myself on the side of wishing for an Economic collapse just to prove a point that bitcoin will be able to become a hedge, maybe this printing will be causing a collapse but I don't think that the US Government is going to let that happen because they are the most sought after currency in other countries.

I don't get it, Trump passed 2.2 trillion before, and passed another 1.4 trillion latter, had a total of 4 trillion into the debt, so this one is neither the biggest nor will be the last, this was just helping people out type of deal and that's it, in fact this was something republicans wanted more than democrats, democrats wanted this to be 2k instead of 1.4k and wanted 15 dollars an hour as minimum wage because let's face it during this period we have relied on minimum wage workers a ton and they are still paid a few decade ago salaries, all thanks to people bribing republican senators.

Long story short that "senate democrats passed one of the biggest spending bills in history" is a big big big HUGE republican lie, we wanted even bigger, and yet it still wouldn't be the biggest plus it is not a "spending bill" it is stimulus, it goes to people's pockets, it is helping people during this period, what do you want instead? People being in poverty and dying of hunger? Is that a better alternative in your mind?

It doesn’t, and I’m personally not wishing for an Economic Collapse, but do you actually still trust our leaders to not lose control over the monetary/financial system? Maybe you do, but you should STILL HODL Bitcoin just in case you will need a fall-back/back-up. 8)

They do have some methods if I am recalling it right, although the government isn't going to like those solutions to be honest. One of the best way to combat inflation is to raise the minimum wage of the labor sector but that wouldn't ring good in the ears of business sector because they will be "losing profit" which is clearly a bullshit. I believe that increasing the minimum wage is the only way to combat the inflation effectively because printing money is in a way good for an expanding economy. Walking a tight rope between deflation and inflation is difficult because the balance of both is the most ideal thing to happen.

Increasing minimum wage is not the solution, but the consequence of inflation. It also increases the cash in circulation which causes inflation to go higher. In Modern Monetary Theory, the solution is radically higher taxes, and higher interest rates. It will work until it doesn’t.

HODL Bitcoin.

If the people are going to starve because there is no salary increase in parallel with the inflation growth, they will slowly reduce productivity which will generate less profit for the businesses that they are working for and with businesses that has lower profits then the lower the taxes the businesses are going to produce.

More money in circulation = more inflation. Higher salary = more money in circulation. Higher inflation = faster decrease in value of cash. Faster decrease in value of cash = people won’t hold hold it, and spend it right away before value decreases more. More spending = higher prices. Higher prices = demand for higher salary.

Period of hyperinflation = extended period of Bitcoin bull market. 8)

 

I don't think that this is very correct. Around 2018 bitcoin started to crash and got very low early in 2020. During this time was the respiratory awareness time and shortly after countries started closing up for business then bitcoin started an increase. I think covid-19 rather helped bitcoin to increase and just like you said, institutional investors started avoiding fiat and using bitcoin.

Hyperinflation with the USD is very unlikely to happen. The difference between the USD and the rest of the currencies is that it is widely accepted as a means of payment pretty much everywhere (at institutional level I mean). This means that the value of the dollar is not only backed up by the products and services of the USA, but by all the goods and services (e.g. crude oil,financial,...) that can be bought with it. Also, the inflation can be controlled by the FED and my take is that they would choose to do so if it rises above 3%

I would say that the real test now is for using a expansionary policy as a default answer to a crisis - so a test on the Dollar, Euro, Pound and the respective local economies and their abilities to absorb rising interests types.

Honestly any business that can't keep up with inflation for minimum wage should not be defended anyway, let them bankrupt. When 5 days a week work days were first suggested it was seen as "it will bankrupt business" and when 8 hours a day were first suggested it was seen as "it will bankrupt business" and when women were getting into business with big force they were seen as "it will bankrupt business", whenever there is something that would improve the lives of people, it will always be defended against as "it will bankrupt business" but the reality is that world is still growing bigger.

You could not only make the minimum wage $15 but make it $25 and tie it to inflation every single year to not have this conversation again, and it would still bankrupt only the unsuccessful business, sure there could be some tens of thousands of unemployed people because of this, even maybe over a million, it will be bad for a while, but all those business that manages to make it work will hire people anyway and new business will shine and hire them as well.

The United States Government has been BRRRR printing more cash, higher than its Gross National Product. If that’s your basis for backing, then it’s not backed 100%.

Plus your other point is that it’s backed by “all goods, and services that can be bought with it”? How does that stop hyperinflation?

Only one way to find that out is if there is going to be a collapse, we didn't have any collapse that is as drastic as the Great Depression and 1929 Wallstreet crash with the Internet so that is also another test that we should be looking out for, if Internet will survive a crash because if it does then bitcoin and other cryptocurrency is going to survive too.

those that who use a bitcoin can answer the question if btc is only for speculation or not . im a btc user and for me btc is pretty useful and not just a mere speculative thing  . bitcoin did crash before but just like an economy that can recover btc does aswell  . not all are going to run for btc and if ever there are , not all are using btc as a store of value . covid is not the first pandemic that shake the planet and it wasnt the first time for a country to print much cash , satoshi already experience that thats why he maybe built btc to solve that .

It is very useful, just ask those people who buy heroine from the dark markets.


Because Bitcoin depends on the open market for price discovery. Blame high volatility for the “crashes”, BUT zoom out, are they really “crashes”.


Bitcoin’s biggest test is coming, and with MicroStrategy, Tesla and other institutions HODLing, I’m confident that it will pass the test. 8)

I do agree that it didn't see a crash like 2018 but we can't disagree that bitcoin dropped a lot last year around these times, we are now 10x higher that is great and I do not think that anything has gone up 10x in the past 1 year if you look at it from march 2020 to march 2021, but it is still a fact that we were around 9k and dropped under 4k for a short period (few hours) and were around 5k to 6k for a whole month until it started to get to 10k again but it still had a decent level crash that was around 50% or so for a while in march.

The good thing about it is that crash didn't take as much as other things, and gold is not doing great right now, and dollar is getting less and less valuable, and stocks are increasing like crazy but not 10x like we did, so things are a bit complicated a bit. I personally believe bitcoin faced this crisis amazingly but that doesn't change the fact that we have seen a crash.

The statement about the avoidance of fiat currencies by institutional investors looks very controversial and quite presumptuous. Strictly speaking, we can only say that institutional investors have finally taken notice and started to invest significantly in bitcoin. Previous crashes do not cancel out subsequent ups and serious investors usually do not like such roulette games from casinos on the market, and therefore we hope that the arrival of such serious big players will allow us to avoid such collapses.

It is too early to tell but so far I have liked the performance of bitcoin under the current circumstances, when people realized that the pandemic was not going to be contained and it was going to move all around the world and we did not had answers to how dangerous it could be the stock market went down and the same happened to bitcoin, but since then its performance has been incredible and thanks to all the money that is being printed and that it is going to keep being printed then it is safe to say that the price of bitcoin is going to keep going up even without hyperinflation.

It has been one of the biggest tricks in american politics that you guys have been fooled by two party system, it has always been one of the worst ideas to begin with and it is really proof that you guys are tricked into thinking they are any different. Republicans voted for 2.2 trillion help and all republicans cheered for it, without exception, why? Because republicans and Trump was all mighty and they can't do anything wrong, and all democrats were against that because it would destroy the monetary system if they printed that much.

Now Democrats are giving away that much money, and all democrats think that is awesome and perfect, whereas all Republicans are against it. What are you defending and what are you against? It is the same thing, sure you will be fed some reasons or you can make a reason up yourself but let be real, both parties suck big time.

That could be debatable because Bitcoin has always followed a definite pattern in its bull-bear-cycle after each halvings. During hyperinflation, if it comes, it might break the pattern and extend Bitcoin’s surge further and could take it to a longer path to price discovery that might go 7 digits.

Bond yields are rising in the United States. This is typically a sign that inflation is rising, or will rise as well. Although there are some “analysts” that foresee the bond yields to go back down again. They might be right, but they might also just be calming everyone down. 8)

It is still difficult to say whether we will see a global economic crisis and how Bitcoin will behave in this case. However, we already see that with the threat of such a crisis, it has grown in price to an unprecedented size. True, other factors also affect at the same time, including the last halving of the remuneration to miners. However, the threat of large inflation is also of great importance here.
On the other hand, the United States printed about 22 percent of all dollar money in circulation last year. This could accelerate the onset of the global economic crisis.

I think fiat is no longer appropriate for us, it is getting worst. Before that money printed I think we should prepare to buy more gold or bitcoin. Gold price is tend to stable it is very safe. Maybe there are some people who still feel doubt or even afraid if they save their money in form of bitcoin, but it will good if we consider bitcoin as solution for the next economic collapse that maybe happen. My personal opinion is bitcoin can be considered as commodity, so if money value decrease and the price of commodities are more expensive then bitcoin price should be more expensive too. I think this is about supply and demand.I really disappointed with fiat money.

You cannot trust these analyst and everyone will be having their biased opinions. During the last economic meltdown everyone was laughing at Nouriel Roubini and other who predicted that a global economic crises is inevitable and just two years after that the fucking banks filed for bankruptcy. So if there is someone who predicts these with some believable substance then you need to have your own back up plan as well if everything goes down.

That’s not the point. The fiat system is OK for MOST cases, BUT it’s those people, the cabal, behind the fiat system that arbitrarily decides to print one day, and pumps the economy artificially. I believe one day the government/the Fed will lose control of the monetary system. What they’re doing is simply not sustainable.

the government is printing USD to stimulate the economy and support people. although it helps, it's also unsustainable in the long run.

Bitcoin came out after the 2008 recession which was caused by the real estate crash. if the pandemic has been planned from the beginning then it could mean that there is a conspiracy among the nations but are just blaming China for where the virus came from. that wouldn't sound right.

Well I'm sure there is a Back up plan for this , they might printing more paper money now but only for short term usage only until they finalize the main reason and plans.
Nah There where no plans of Pandemic for that long , maybe this was planned recently for what reason ? that's the million dollar question.

Importantly that Bitcoin was created for the worlds benefits and not for whatever reason in negativity .

I’m sure they have a “back up plan”, it’s called Quantitative Easing, or better known as “QE”. It’s a fancy term for the Fed to print Billions of fiat to buy securities in the open market to increase the money supply, and encourage lending at low interest rates. But what’s OUR back up plan? 8)

Will? They have lost the control of it decades ago, 2008 was the proof that corporations are way too big and nobody stopped them and now they are trying to figure out how to make it go down back to reality levels.

In 2008 it was mortgage crisis, what happened? Banks gave out mortgages to people that can't pay it, what was the result? Banks got 800 billion dollars for free while people still lost their homes, so it was a situation where one side lost nothing while the other side lost everything.

This is why I do not believe that we should be focusing on poor people costing money to government, we should put all the problems on the shoulders of rich people, anyone who has networth over 1 billion should be taxed 90%+ for all the gains they make, you would have the most wonderful world without any problems with that kind of huge money you can tax.

Nothing will happen to Bitcoin, Bitcoin has already proven for years how strong it can be. We have seen it go down  due to one challenge or the other and after it will climb. The pandemic that happened in 2020 posed a big threat to Bitcoin and a lot of people already felt it was over until it started to do what it does best at times like that, which is survival.

So, I don’t think there is another situation that will take place and Bitcoin will be affected, no it’s going to keep on increasing in value, there are times that there will be some slight decrease for sure, but those ones are not for long.

Thats the million dollar question.  I think we are headed towards a huge long recession in the US and I think all financial instruments will suffer.  Less fresh money in the field will slow the gas throwing on this fire we got going right now.  These covid benefits everyone is getting is proving up the economy right now wont be lime that after this year.  Hope I'm wrong though

But there will be a long period of BRRR money printing to pump the economy, and try to sustain an unsustainable situation. For Bitcoin, 2013, 2017 was when each bull market cycle ended, then 2021 is projected next. I believe there will be an extended Bitcoin bull market cycle that will go through 2023 because of the money printing, the institutions hedging into Bitcoin, and it’s simply Bitcoin’s time.

I do not think that in 2021 you should still invest into gold, that is a very old investment that still goes on because there are old people but the amount of young people that invest into gold is getting smaller and smaller, with less things to be done with gold as well that means we are going to end up with a lot less people interested in buying gold and that may even drop the price of gold eventually as well. This is why I do not think that anyone should care about gold investments from now on.

This is not just because I think Bitcoin is great, obviously I believe that but you could still invest into other stuff as well, look at how Tesla became super big very quickly, how? Because, that is the new tech and new thing to invest, go find stuff like that which would be basically bringing the future to present and you will make a lot of money from that.

Gold is a precious metal, a very scarce physical asset and very stable, a good option for who wants a safe option without much volatility. I don't think it's going to become an useless investment as you can't keep printing gold and can't find it easily by yourself digging around, although at same time it won't return you high profit margins, because it's just a stable investment after all.

To invest in innovative and technological assets is the best idea nowadays, but reserve a percentage of your total bankroll for traditional assets like gold too, it's a safety measure which shouldn't be neglected.

So I am guessing if there is a collapse of the world economy this might likely affect Bitcoin as well since this as you pointed out was the effect when the stock market went down. So, where is the new money going to come from that will keep the price of Bitcoin pumping if the world economy is in crisis? Also we can think because there is no new money coming in then those that already have the assets will not let it go for a lower price hence the price will continue to surge, I guess time will tell what will happen. 

I believe that there is a strong possibility that Bitcoin was created to solve the problems associated with the dollar. In other words, the dollar has already been printed a lot and this will only continue, which sooner or later will lead, as you already mentioned, to hyperinflation. If this happens, then many people and companies will simply lose their funds. BTC gives you a chance to preserve your savings and assets, but it is just one of the assets that can be used in anticipation of this. If you decide to transfer all your funds to BTC, then do not forget about risk diversification and better distribute your funds into different assets.

The biggest problem that the world is always afraid of is hyperinflation.  When the Central Bank is unable to carry out its duties in maintaining the stability of the country's economy.  In the past, it was not that easy to print money.  The money that is printed is guaranteed by gold, while at this time the money is printed at will and there will come a time when the money that is printed will not be as valuable as its face value, and is not feasible like ordinary paper.  This is the great thing that Bitcoin was created to fight inflation, for me in the future this will be needed by everyone as part of their portfolio to protect the value of the assets they have.

Not only to combat hyperinflation, or whatever the solution to a disaster of any kind, bitcoin was created to bypass all prohibitions either from governments and banks, where the person manages their money because it is their money, and should not ask permission to any bank or government to move your money.

One of the reasons why Bitcoin exists is for freedom, to be free in every sense and more economically and that financial freedom is not so impossible to achieve.

The positive effects are seen in countries with high inflation, who has Bitcoin to live on can do well without worrying much, in fact, in global eventualities such as the covid-19 pandemic, bitcoin has been one of the strongest compared to several Speculative markets, some gold investors have sold it and bought bitcoin, that means that the potential they see is unique to have it saved in the face of any eventuality of world catastrophe.

We see that over the past year, when all states began to fight the coronavirus pandemic and the consequences of this struggle began to negatively affect all economies without exception, which, in turn, increased world inflationary processes, bitcoin attracted a lot of people's attention as a non-inflationary means. This is one of several reasons why Bitcoin and cryptocurrency in general are soaring in popularity and price. Therefore, I do not think that Bitcoin still has to be tested during the global economic crisis. We can already say that he successfully passed this test.

Yeah, printing money isn't good and might cause inflation. But I am sure the government and economist are aware of this. The printing is done in a systematic way so that it doesn't cause "much" of a disturbance in the economy. The inflation that is going on is more like a "controlled" inflation. True, in the long run it might cause an issue, but that if that happens, measures will be taken. So probably a fiat system similar to bitcoin might be taken into consideration.
Do you really think it's worth it if you convert all your assets to bitcoin but just to only exchange it back to fiat? The currency that you were afraid of being destroyed due to inflation?

I think it depends on what is the current economic state and what is the big reason why they really need to do this since if some part of it will go to corraption then their currency will get devalued. Look at what happen on venezuela their economy has been hyper inflated which is so bad unto them, but if this was done with proper plan and have good back ups maybe the sudden fall will just temporarily effect and it will be changed when this one will properly distributee and be used for economical matters.

I would not be so confident and so complacent and would like to remind you about the collapse of the bitcoin price at the beginning of the pandemic. I would rather say that Bitcoin has successfully passed its first exam as a defensive asset ;) The pandemic has not gone away yet, and new waves continue to roll over the lives and economies of states, forcing central banks to continue printing more and more money. But no one knows for sure how the exchange rate price of bitcoin will behave when such government programs are curtailed, and there is a fear of seeing the collapse of the bitcoin price then.

In the initial period of the official announcement of the spread of the then epidemic of coronavirus, the price of bitcoin fell for other reasons and they were not associated with the emergence of the threat of global global inflation. In March last year, people just got scared and began to make food supplies and other preparations for isolation, which required a sharp increase in cash expenditures. Therefore, they partially sold their investments in cryptocurrency and it quickly began to fall in price. When we entered the pandemic, the cryptocurrency, and above all bitcoin, has only been strengthening and growing since that time. This growth was especially noted precisely when there was a real danger of the onset of the global economic crisis.

Nobody wanted this pandemic to started anyway if only people could changed what had happen and choose what should happen for sure this pandemic would never be chosen. We never expected it because it cost so much on every countries economy, it cost people's lives, unemployment and poverty. But one thing for me is sure that a good thing happen was cryptocurrency began to make a landmark, to be introduced to many, and able to make to raised values into a new ATH. However, we are now concerning on exchange rate price might have also increase over in time.

Well as you can see, bitcoin at first was just used merely for speculation, but as time passes by, its use keeps on changing and now it is becoming more of a safe haven for huge institution and even government organizations at some point. It may be considered as a smart move by satoshi if ever bitcoin becomes compatible as a stabilizer or a tool for survival in the economic struggle the world may face as the consequences of this pandemic. If ever that is the case, it would be best that we prepare ourselves through investing in bitcoin and making sure that we can secure our future whenever the trouble comes for all of us.

No one really expected that the pandemic will last this long and most governments don't have any measures when there is a pandemic, imagine if there was a reserve and there was an appropriate response, I am pretty sure that this pandemic isn't going to last that long.

They are printing money like that can solve any problem... but in reality, that money is the problem! To start from creating money, how they do it, how they distribute it, is all one big circus! Maybe in the beginning that system was honest and fair (maybe), but along the way, the system becomes so corrupted, and now there's no cure for it! We can only remove it and implement some better system, that can serve all the people, not just some!

It's evolution, with internet and crypto people of the world can unite! We don't need to listen to our politicians anymore, they lied to us, they still do... they make this world so complicated for one reason, so they can continue to rule! Well, the time of kings and queens is long gone, so I assume the end of politicians and banks is coming to an end too... with smart contracts we don't need their administration and their "help"!

So I am guessing that was Satoshi's vision, to unite people... it's the only way to change the system globally! Not just one province, country, to change the whole world! We needed some tools for that, and as I said... the first internet and now crypto, two basic tools that we need if we want to do anything! And look as the prices are growing we are all stronger, every year... more people are joining and something is going on, something big!

Indeed, because of this pandemic which really hit hard the economy every each country and so for the stock market, crypto prevails as it became somehow a safe haven for large institutions. Now they have understood that any economic crisis will not directly affect crypto. It sure did cause a lot of damage but this became an opportunity for crypto especially Bitcoin to shine up to any other assets. But yeah exchange price rate could also be alarming if it increases over time.

Well, that is one benefit or should I say advantage that bitcoin has over fiat currencies.  Bitcoin has a fixed supply of 21millioj coins and more cannot be created by anybody which makes it deflationary.
With the hyperinflation going on in the USA, it would affect their economy and that would mean that bitcoin would then become the 'saviour' currency.
It's only a matter of time before everyone realises that fiat currencies are losing value everyday while bitcoin, over time, increase in value.

I believe there won't be a next economic collapse that we haven't seen before. There is an economic collapse once a decade and people are now used to it, I feel like we know what to do when that happens. I have literally got myself ready for the next one already, if the economy crashes like it always does, I will be ready for it (thanks to bitcoin).

Just stay in bitcoin and you will be fine. I do not get why people are always worried about what is going on with the stock markets and GDP and all those things, it will get worse and worse. You may have very rich people, you may have the people with billions of dollars, that number could increase, but that just means there are less people in the middle income level and much much more people in the poor income level, that's all. Buy bitcoins and store them, get ready for the next one that way.

If you look at the news, the IMF has predicted that the world will experience an economic crisis that has never been experienced before.  If the IMF had said it would make more sense to believe it because it would follow the data they had.  If you predict this will not happen, that's your right, but it should be accompanied by actual data, not just baseless opinions.

I am not saying that I do not believe we will not have a big crisis that we have never seen before, but I do not believe that just because IMF said it, I just believe it because all the data is there. I mean surely anyone who looks outside of their window would know that things are not looking good.

This means that eventually we are going to live that horrible crisis, not saying we are not in one, we are in a horrible crisis and even though stock markets all around the world shows signs of getting better, there are a lot of places that are bankrupting because they couldn't find customers due to lockdowns and covid fear which was normal of course but that is just the reality and stock market is not. However I think we are living from crisis to crisis and eventually there will be one that will shadow every single other one and make the world a very scary place for sure.

I think that bitcoin is currently taking a natural and slight correction, some think that it can reach levels of $ 43k- $ 46k, Peter Brandt believes that it can reach those price levels in retracement because normally a retracement after an ATH usually goes down a 35%, but Bitcoin in an eventual global collapse, has shown that it can be considered a haven of value, after the first months in 2020 bitcoin fell in price as a result of the panic that produced the pandemic, but later both bitcoin and gold managed to recover much faster than the stock market, forex, among others.

The best diversification before an eventual collapse of the economy is Bitcoin and gold, in this article there is an analysis of both gold, bitcoin, Stocks that is in the short term, it is interesting but there is still a long way to be able to establish a trend of what is going to happen in the next few days.

Here is an article that tells about the short-term situation of the markets.

Gold, Stocks, and Bitcoin: Weekly Overview — April 22

Source: https://beincrypto.com/gold-stocks-and-bitcoin-overview-april-22/ (https://beincrypto.com/gold-stocks-and-bitcoin-overview-april-22/)

It is always good to handle this type of information in the event of any eventuality, to have an idea of how the markets are going.

Seeing the condition of Bitcoin in this provision, the correction continues until my own assets have decreased by 25%.  This is quite terrible, but I have only cut losses several times for coins which I consider to be very heavy losses.  Not to mention that it is exacerbated by the news that Warren Buffet is emphasizing again and again that Crypto is just gambling and will get worse as long as this correction occurs.  This crypto has no productive value so it's all clear gambling.  I sometimes wonder when he changes his mind.

For now we must remain calm, if it is good to cut losses and although the correction is being very strong, it is normal for the altcoins to fall faster, I am sure that the market will have a great recovery, the good thing is that Warren Buffet does not have a lot of voice in the crypto world, in addition to Elon Musk, Microestrategy, among others, they are not going to lose the great investment they have made.

Many may be lowering the price to buy cheaper, I have seen in some forum threads that every time there is a higher percentage of decrease they buy cheaper bitcoin, it seems to me that it is a very good strategy and worthy of intelligent people, for now Better for many is to be out of the market and look for another entry that is good, the market always gives it, so take courage.

Thats really make sense because when I didn't take a decision for cutting lose my altcoin, I felt that If I have some fresh money this is the right time to buy them for lower price and what I think comes true, Crypto's price getting high for several hours later. We face the new days for crypto when the volatility become faster than before. In 24 hours, we can take profit 25-30% or we can get lose 25-30% in a day. We have to be smart for taking a decision, when you should buy or sell.

You are right, the market is benevolent, it will always give a good entry with possibilities and opportunities to win, but you have to be very careful when entering the market, it is always good to look for altcoins that have a high market capitalization and that its volume is growing, the number of trades bodes well, and investors see some forward-thinking altcoins.

I have heard many altcoins with good recovery, such as ETH, BNB, even ADA, now POLKADOT also although it has a strong fall, but it represents a very good opportunity, many are betting on DOT, also TRX are waiting for it to reach new ATH and for its part XRP despite all the problems it has with the FED investors are trusting the currency, they see it as a fairly good instrument of speculation. Of course this will only happen when Bitcoin recovers and is in a bullish trend, because while it is in correction it is difficult for altcoins to recover, since they depend directly on the movements of Bitcoin, before making decisions about altcoins, it is good to study bitcoin and the possible movements.

When the pandemic started, we had seen a big crash on bitcoin to the point that it reached about $3900 that is really big fall for the bitcoin that time but as time goes by they have learned how bitcoin can help them during the pandemic, and the rise started again with bitcoin as it started with the post halving and next, a lot of companies have seen the great thing that bitcoin can give to us during the pandemic so they bough huge amount worth of bitcoin and we saw its effect to the market.

Once the economy goes down they will tax cryptos higher, there won't be a easy ways out.

I couldn't agree more, I wanna add another altcoin that have a good recovery is WAVES. In crypto espesially altcoin, I'm prefer to make speculation than invest them for long term. But for Bitcoin, I keep for long term. BNB, ADA, ETH, LTC, WAVES are my favorite altcoin, they gave me much profit. But this is just available when Bitcoin market is bullish too. Now we can look the market, BTC in several days ago, getting bearish and all of my altcoin got the impact too. So, we have to be smart for making a financial decision.

Interesting to see people are shocked by something I have been doing for years. I do buy when it goes up as well but I buy even more when it is going down, that helps me a lot more and this is why I have collected a decent amount of bitcoin as well.

I remember last year when it crashed that was a blissful moment for me, it was a pandemic deal and I am sorry for all the lives lost to it, and I know it was all around a horrible year so far, but I have managed to buy bitcoin for very cheap and watch it do 10x right away, that is why I like bitcoin, if you know when to buy you could make a good profit.

This is why I buy every time it falls, if it is a 10%+ fall I will buy it, if it is 20%+ fall I will buy more and it goes on like that. At the end of the day I believe bitcoin will be doing fine, so why would I get scared and sell? It will recover one way or another.

we can see this together, until now bitcoin seems to be a noble item which many people believe in. but. when prices are dumped, many people are worried about buying them. but instead, it started with large companies that believed in it so that it rose again until its price exceeded the previous highest price

Read the book "When Money Fails", history of Wiemar Germany 1918-1921

When money fails, so does everything including electricity, phone, and internet

Don't kid yourself, your mobile-phone will be worthless

There is a reason survivors say "Beans, bullets, & gold"

People here think that during hyper-inflation, when people carry a wheel-barrow of money to buy a loaf of bread, that everything else will run, the reason they used a wheel barrow, is that nobody had gas. When nobody can make payroll, everything comes to a halt.

If you honestly think this is the future, then get the hell out of the USA today, go to Singapore, or Switzerland where the internet will still be running.

You're so lucky enough, not everyone have ability to take a decision for buying at lowest price and selling at highest price. If they can take it, they dont have money to buy it hahaha. Thats happen on me. Sometimes I really watch the candle when the market was bearish, and talk to my heart if I have money, this is the right time to buy them at cheaper. 

We can always see that kind of opportunity if we do have money to invest, being experience as an investor or trader, we definitely have an idea already on how to make the right decision, and usually when the price dip, it's easy to make a decision to buy and selling at a profit is not also a problem since we believe that soon the price will correct and we will be able to start accumulating again.

Just doing the same strategy over and over, it would already make us financially successful here.

it seems easy to do so, we buy low and sell high. but in practice many people are stuck in that situation so that it is floating minus. of course experience is the main asset, because we believe the market will move up and down without anyone knowing what price will stop at

What part did I say that I trust the leaders, I am just pointing out the obvious and practical which is that they are going to protect the Economy against inflation because they are a reserved currency so if they were to be obliterated by hyperinflation then a lot of countries will suffer.

Having experienced the last bullrun I guess things might just change for me if we really will experience the next bear market. But as of now those past bear market may not really be terrible to expect because of the adoption that is massively going on right now. You could be wrong to expect that price will drop more than -80% whenever the bear market takes place.

Oh really? You re great,bro. As long as I'm a investor and trader cant say that make financial decision is easy because as long as I work as a profesional traders, I'm still bad for executing the theory. Buy or sell at the lowest and highest price have some pshcology result. When you have much money and you can control ur own story.

I think satoshi creation for bitcoin is for it to supplement fiat money because of the features this possesses like being controlled and regulated by the government. The USA government knows its way around things like(Hyperinflation) you should be aware of it, bitcoin cannot crash together with the rest of the economy.

Yes, bitcoin economy will not crash like how fiat with the economy is doing time to time. Bitcoin is having completely different economic rules against our traditional economy system. When fiats are getting devalued over the time due to high inflation, bitcoin is getting stronger at the same time along with fixed supply.

I'm confident about bitcoin to stay stronger among an economic collapse happen at any time due to current pandemic situations or any other reasons.

If anything is crashing, I don’t think that is going to be bitcoin. Bitcoin is for sure going to last and the value will increase, as we have seen it do at this time. If the economy is falling, bitcoin will still increase in value when the time is right for it to increase in value.

I think that this pandemic has already proven that to us all, and we have seen the way that bitcoin has been able to grow, even though at first it seemed like it was going to crash to a very low point when it started to drop, but it didn’t take time before it started going up again and even broke the record for its last ATH price and now moved up times three of that value. I just think that since the value is volatile, there will also be times when it’s going to crash heavily, even after this bullish trend we have seen, we are also going to see downtrend as well.

Totally a blissful moment for you mate because you may didn't expected bitcoin to go as higher as $57000-$60000 today but you have anticipated that it is better to put an amount that you can afford to invest in bitcoin than be sorry. The trust that you have given to bitcoin market was unmeasurable that you take risk to put certain amount in bitcoinas an investment.

And now, you reap what you have sow, the market of bitcoin really produce a fruitful and abundant year and you can now earn your return of your investment as 10x as much as you have purchased it.

6 TRILLION U.S. DOLLARS! That’s Biden’s plan. The proposal, if approved, will be for the fiscal year of 2022 and will he the highest in federal spending since World War 2. For Bitcoin, that will extend the current bull market. The crash we just experienced? It’s a GIFT! During times of extreme fear in the market, Buy the dip, and HODL.

I agree with you that any new fiscal stimulus package will likely have a positive impact on bitcoins. But there are also risks that we are facing right now with bitcoins. What if more countries and Billionaires join in on bashing bitcoins? Even though the bitcoin price I still high compared to one year ago, we need to remain cautious. This is probably the last chance for countries to stop bitcoin. Once we reach another ATH there won't be anything stopping bitcoins.

The impact will be positive and negative. It will make Bitcoin and many cryptocurrencies surge, but it might also cause uncontrollable inflation and cause hyperinflation. Then what should we do? HODL Bitcoin as a hedge.


That’s simply sentiment. Sentiments change.

Trump's last budget while in office was 4.8 trillion dollars, so a 25% increase that goes towards actually investing in transforming the economy seems pretty reasonable when put in the proper context.  The emphasis on infrastructure and renewable energy is going to create a ton of well-paying and lasting jobs as the economy transforms and catches up to other economies that have already focused on greener energy sources.  Looks pretty reasonable to be focusing on initiatives that benefit the middle and lower classes for once.

right, the government seems to only prohibit the use of bitcoin as a means of payment, but does not prohibit people from owning bitcoin. With this, it is like the government wants to kill bitcoin but cannot, so it only limits its space. we can see that until now the main goal of bitcoin has not been achieved

Obviously, that's the intention, and if they are successful with that, bitcoin demand will decrease as it will only increase if it's widely used as a payment system which is what we hope a massive adoption. However, I think I'm done with believing that bitcoin as a payment method will be ban in most countries as it's been in the news or speculation and until now bitcoin is still here and it's still valuable.

But the consequences. You don’t believe it will cause an “inflation-death-spiral”? Plus if the Fed starts to control it through raising interest rates, they would risk another economic crash/crisis. Is there a person brave enough to become the next Paul Volcker? I believe there’s none.

I think this is just a phase for bitcoin. The decrease of bitcoin's value last month was just totally normal given its volatile nature. The sudden price drop will surely bounce back in no time. It's not like fiat money which undergoes hyperinflation whenever there's an economic recession and disruption of market flow. Bitcoin, despite the hyperinflation, will still do well. Maybe that is why a lot of investors are now pouring their money on crypto because they see its potential compared to fiat if ever worse comes to worst. It is now perceived as a safe haven due to minimal effect whenever hyperinflation happens.

I do not believe that it would cause a "inflation death spiral", you know why? Because Trump had a 2 trillion dollar tax cut just on the rich people, then he had so much money given out just for stimulus, and he had also a 5 trillion dollar budget as well.

When you combine all of that it gave the rich people so much money and it helped nobody but just to increase the inflation and the world is still spinning, sure it was bad and it was terrible for the poor people with how much unemployment and the low income increase but the reality is that we are not suddenly talking about USA becoming like Venezuela with all that horrible printing of money and not taking taxes from wealthy. It means if that didn't destroyed the nation, how could infrastructure investment would? This would at least help everyone, it is a much better way to spend money, I rather not do it at all, but if we have to at least this is a better reason than the last administration.

OK, I respect your opinion. But for me, I believe history has a tendency to repeat itself, and we might not currently see it now, but it will be truly felt on 2022, starting when consumers’ purchasing power shrinks noticeably.

Who will be the next Paul Volcker?

https://www.fxstreet.com/news/feds-williams-demand-for-us-dollar-in-paper-currency-is-growing-202106281308


That’s exactly the same situation with the Weimar Republic during the 1920s, when the market demanded more Marks instead of demanding for stabilizing its purchasing power. Maybe some of you might be viewing me like I’m Chicken Little, warning that the sky is “falling down”. I hope you’re right, because it would put everything to the test including Bitcoin.

The total amount of Bitcoin is controlled by an algorithm, eliminating thought intervention and future uncertainty, and bitcoin's algorithm technology guarantees its security. Bitcoin has the characteristics of non-replicability, and the real economy of the world has little influence on it. When the global economy collapses and currency inflation, the characteristics of Bitcoin can make its value more recognized.

https://pbs.twimg.com/media/E6mt6fZWQAYC9HQ?format=png&name=900x900

https://fred.stlouisfed.org/series/BOGZ1FL153064486Q#0

The same pattern is currently happening as what happened in the Weimar Republic, Germany during 1921 - 1923. In the Weimar Republic, almost everyone, literally, whether rich or poor, was trading the markets because it was mania. It’s happening again, I believe everywhere, in every region of the world. But be ready to HODL the back up/fall back asset if the government loses control of the monetary system.

Excessive printing of fiat currency will lead to hyperinflation and economic deterioration. Some large companies and institutions will transfer their cash to Bitcoin as a hedge and store of value. Bitcoin is a decentralized cryptocurrency that is not regulated by the government. It gives us the right to choose freely. Its number is also limited, and it will not be issued at will. People will choose it as a safe haven against banknotes. Over time, Bitcoin has become a trend and will be regarded as a currency reserve that can maintain its value during economic crises.

I also believe Bitcoin will be the choice of people to save their wealth, when inflation occurs due to excessive fiat printing. It could also be during
the current economic crisis, because this long-lasting pandemic has caused many countries to experience an economic crisis. And for people who
are already familiar with Bitcoin, chances are they will transfer their wealth into Bitcoin, therefore it is evident that this year Bitcoin suddenly rose
to a price above $60k. So the Bitcoin price drop is now a test, for people who are weak hands will definitely panic and sell the Bitcoin they have.
But for those who can be patient, will definitely get a big profit from Bitcoin.

Bitcoin failed to escape the epidemic in March, and the "Black Thursday" incident occurred. During the epidemic, the large amount of money printed in the United States will cause inflation. Therefore, a large amount of funds flowed into the market, and the value of Bitcoin reached a new high. After these events, Bitcoin once again rises to a new height. Although the crypto market has been greatly affected, it will slowly recover and become the best investment choice.

Challenges have been seen as tests of integrity as per the way one can handle them when they come.

Bitcoin and most economies of the world have experienced this test in the ongoing covid-19 pandemic and it has proven it can stan it.
Economic ups and downs occur in businesses and the likes of bitcoin are seen as such which can withstand the pressure which the economy is likely to pass through.

The collapse of bitcoin is not possible as it has proven its integrity that it can mend drowning economies and not completely putting an end to them.

The current crisis caused by the COVID-19 Pandemic will be used to by government to increase their power, and control over you through creation of more laws. To everyone reading this, I don’t expect anything from you except to be educated, and to be aware of their agenda. I believe the government will also blame the crisis on Bitcoin “speculation”.

https://mises.org/wire/how-nixon-and-fdr-used-crises-destroy-dollars-links-gold

Inflation in the United States is NOT transitory, and the Fed Chairman Jerome Powell should start telling Americans to lower their standards of living, then raise interest rates, the same as what Volker has done during 1981.

https://pbs.twimg.com/media/E-13QWmX0AE-WLF?format=jpg&name=small

BUT, will he? BRRRRR! 8)

The world economy has lost a lot over these two years of unprecedented measures to combat the coronavirus pandemic. Moreover, the measures were so harsh and often meaningless that sometimes it seemed that the collapse of the economy was happening with some intent. Therefore, a global economic crisis is inevitable. I even want to see how Bitcoin and other decentralized cryptocurrencies will behave during such a global crisis, because I am sure that the cryptocurrency and the people who have invested their funds in it will only benefit. After that, the popularity of cryptocurrency should skyrocket.

To add context this - There are two parts to the inflation problem, one, of course, the fed is responsible for. Endless money printing, or rather, endless money injection into the economy through QE is on the fed. What they can't control are the rising costs of goods due to global supply chain disruption. They're stuck in a rough place, but I don't have much sympathy as they are the ones that put themselves there.

Right now as the situation is going I am also feeling we are on verge of big collapse and going to be some serious economy crisis in near future because too much chaos around. But bitcoin price is doing good which is still good hope in this all darkness. Because, if governments going to print notes for avoiding this all, then surely it's going to be bitcoin as really the best choice for them.

It was observed that all stock markets fell, even bitcoin suffered, but the bitcoin market followed by gold, were the markets that recovered in quick time. Bitcoin has become one of the best havens for people to store their money, even it might still volatile.

I believe even without any global supply chain disruption, inflation would definitely happen simply because of all the Fed’s BRRR-money printing. This set of money printing during the pandemic is unique because the government gave much of the money directly to the people. If hyperinflation happens, it’s not the first time, https://recision.files.wordpress.com/2010/12/jens-parsson-dying-of-money-24.pdf

The existence of this pandemic has made most people aware of the importance of investment and side income. I strongly convinced that after this pandemic is over cryptocurrency will develop very rapidly because many people come to invest. cryptocurrency will slightly reduce the impact of the global crisis because cryptocurrency will help the economy of many people in the future.

Besides that, by getting additional income, we will be free from the spiral of inflation that continues to increase. but to choose a good investment we must also know the characteristics so that we know the advantages and disadvantages, cryptocurrencies are currently experiencing a boom, and still have the opportunity to seek profit

https://twitter.com/jack/status/1451733913961783299


I started this topic on February 22, 2021. Merely eight months later, these are the words of someone who is obviously smarter than a pleb like me. “It’s happening”, and you know what to do. Buy the DIP and? 8)

The pandemic really affected the economy and other investors in the country. Many companies found it difficult to pay their workers because of the lockdown that took place over some years in the country. Those that invested on bitcoin during the pandemic, where other cryptocurrencies where reducing in the exchange market that was causing bitcoin massive pumping for investors to make a good profits from their business. Just few days ago bitcoin price increase to $60, show that there will be so much profits to earn this year 2021 from bitcoin investment.
Since the economy that covid-19 virus has collapsed during the pandemic is about to improve because of the huge amount of fiat money the government has budgeted for 2021 budget to improve many investors in the country.

Markets will crash because of a “threat” that the Fed/Central Banks around the world will raise rates. No one is a real man today like Paul Volker. Jerome Powell, or someone replacing him, will never tell the people to lower their standard of living, because an economic crunch is coming.

The government is making a narrative that “almost no one saw INFLATION coming”? Almost no one? It’s in the news, it’s right in front of everyone, everyone noticing the surging prices for basic needs, and the government claims “almost no one saw it coming? 8)

https://pbs.twimg.com/media/FEnHNQtXMAAA_g2?format=jpg&name=large

Professional investors are earning big on a Bitcoin and as it has filled more positions so far a smooth signal and it is slowly shifting investors from stocks to a crypto market.  No one can accurately predict what the result of the cryptomarket will be when it crashes the global economy will also be affected but one thing is for sure, the Cryptomarket will actually recover it in case the signal is good and hopefully the crypto result will not be affected.  .

I’m not an economist, and I’m not also very intelligent. I am merely a low-IQ pleb, BUT I believe this is one of the first signs that a country is on the brink of Hyperinflation. Turkey increased minimum wage by 50%, but the wage hike is still lower if converted to the U.S. Dollar. Is anyone from Turkey? How much is BTC/LIRA?

Well, from the month of June 2020 to July 2021, USA has printed more money which values $212 Billion and again released another print order for the year 2022. Now, that concludes the fact that USA is on the brink of economic collapse. Hyperinflation is getting real in USA and their local currency is falling.

If I remember it well, I think the last time that the USA have closest experienced to hyperinflation was on Civil War. Correct me if I'm wrong. So maybe Satoshi had really prepared and gave a thought that this would going to happen somehow a decade after he created bitcoin. For sure, many people would run to bitcoin to invest their hard-earned cash despite of high volatility because bitcoin is really proven to be a hedge against inflation.

Their hyperinflation is already in sight, but every time there is a policy of printing a certain amount of money, it means that the money supply in the market will increase and the solution they take is tappering off.  Reducing QE is one of their steps to stabilize the economy, whereas when compared to BTC if it is legalized, who will control the bubble price later?  because it is difficult to apply BTC as a medium of exchange because of the health of the country's finances, that's all.

Bitoin become now an asset and medium of trade at same time.Initial days of Bitcoin confronted feedback like its a scam and bubble etc but at long last world realized that Bitcoin is portion of economy and incredible development within the budgetary world. whether the affect of the current massive redress could be a result of these issues, since when alluding to timeframes, there's a few kind of concern that dealers have. we trusted the hyperinflation of the dollar would surpass the restrain on the off chance that the printing was copied. No doubt there are demerits of Bitcoin but for the most part have benefits for all either person or coropration or financial specialists.

I am not really disagreeing with your point oHnK that tappering and reducing QE are the stated steps to attempt to put some level of responsibility back into fiat systems.. but surely we have to watch what they do and not just what they say because it surely seems that they have painted themselves into such a corner that they are not even able to do the tappering and reduction of QE as they say that they are going to do.  So in other words, do you really believe them?  It's not even that they are malicious in their lies, it's just a likely impossible feat to pull off.. and so there is a lot of hopium in a lot of these matters.

I had heard a suggestion that some form of responsible monetary policy could be a way for some kind of smoother transition, and of course, getting back to a gold standard seems almost impossible based on actual issues with gold debasement... but fiat systems getting into the acquisition of BTC on the side in order to attempt to allow for some kind of a more responsible transition and to maybe get the market to play out more freely could be a solution, but they might be many years from either employing such a transition or even contemplating it with seriousness because some of the folks in power still have faith that matters will just resolve themselves by saying that you are going to tapper and reduce QE when you really cannot even come close to doing it without experiencing really considerable bubble implosions.

The reason the US left the gold standard was because they felt disadvantaged due to the limited amount of gold available so that it was difficult for them to print money as they wanted, especially during the long economic crisis.  So why do I say that the difficulty of the government to accept BTC as a medium of exchange is not only a matter of power politics but a market that cannot be predicted with clear indicators of calculation.  Talking about the medium of exchange cannot be separated from economic forecasts, budgets and others.  For example, if you have a company that wants to buy raw materials in the next 3 months, without a stable value in the BTC market, how can you estimate the cost now?  can hedging function be a solution?

Well, printing of money will not stabilize the economy and neither will bitcoin do that. Bitcoin wasn't created for stability of an economy even though it look for some like that. It is a tool for investment asset or deflationary. This role can not limit bitcoin into any hole to be guided or controlled and so it can only be used decentralised and this is why countries are finding it difficult to openly adopt it

Not only Turkey, in Colombia they also increased them, from 800k COP to 1M COP, this has been like 250USD per month, which all began to rise in price, leaving an inflation above 5% according to the economists of that country, I know that the USA has many economic problems, Powell has already stated it several times, so what is safe? pass the money to Gold? Bitcoin? to safe stocks? In the event of an eventual world crash, what is the best thing to do? I see that the USD is falling, the EUR remains more stable, I think that the FIAT money economy is no longer safe as many believe.

Someone asked when he thinks the next recession will be.


If Elon Musk believes the next recession is around spring or summer 2022, then I believe many investors who think like him might front-run everyone and sell their investments before spring or summer. Wait for the DIP.

Bump.

We started talking about Hyperinflation here in Bitcointalk while everyone else was making laser eyes memes for ATH. Currently those influencers are starting to talk about Hyperinflation, and they believe Bitcoin might surge straight to six digits. No, sers. I don't know if a big crash will happen, but be prepared for it. Place your bids at 200-weekly SMA during bear cycles.

Obviously, no six digits last December so I guess that is the best time to hit it. But at the current scenarios we have right now? I don't see bitcoin getting to even $70k, there is a complete change right now, with wars and hyperinflation. So I guess it's better just invest what you can afford in the bear market and hold.

Or what for Bitcoin to crash down to the 200-weekly SMA line and give it with everything you have. Golden opportunities are too few, and I believe not taking your chance would be a mistake especially if you're young, and single. Buy the 200-weekly SMA DIP, and HODL. 8)