Combination of Different FIATS Make World Inflation?


Just a question would the combination of various FIAT currencies in the world make up the total inflation that every country is facing.
More less through the printing of money.
Such as using example the US dollar as still somewhat as the dominate player still. As well China. As China has country of the economy with selling of goods to most of the countries of the world. Which are times done in China money  for some business transactions. Also China does print lots of currency to keep things running on their side.
China does have a big grip of the world, so would that also have influence on the inflation going on?
Not just the USA money.
More less its all the combination of USA< China and also the national currencies each country uses for their part.
As the inflation works hand in hand between so many currencies.
As the countries themselves also have to print currency to keep up with the other inflation coming from international part by exports etc.
Also to keep their currency in the proper spot for exporting and importing etc.

Would this be factor and not just one printing of one currency the issue of the inflation for all the countries?

Regulations Not Working?

Do you think it is true, that right now with the governments, banks “powers that be” in attempt to Gain control of BTC and other cryptos.
They are trying to put into regulations etc. Yet there are troubles to making the cryptos as “securities”
With all the lawsuits “they “ try to put onto the crypto companies. Has not worked in the “favour” of the powers that be?
Is this true?

Does this prove that the blockchain tech is a success?

That BTC could work as a money system for the people and help people to devalue FIAT currency?

Or am I wrong and the “powers that be” are winning  and people will lose in the crypto world?

Your thoughts?

Question on BTC and other cryptos

This is from being in Canada.
I was wondering if there is a way to further invest with my BTC and other cryptos without and being in legal terms. As in ways that would not be considered a taxable event.
I know crypto to fiat and doing trades now is consider taxable.
Even staking?

What other ways can I further invest with my cryptos without it being a taxable event? Thanks

Bitcoin As Legal Tender?


As there are few countries that have put BTC as legal tender?
What does this mean for the system?
Does this make BTC more centralized?
Is making BTC legal tender a benefit?
If say all the countries in the world did this? Could BTC be more controlled and centralized?
Or would it stay decentralized?
Is making it Legal Tender just a way to offer acceptance. As a way for the government to seem friendly and let the people have better access to their own financial means?
Explain this better please?

just figure i share thoughts on crypto world, it sure has changed in last 6 years, where it used to be the free market and we could do as we please, with trades, buying and selling crypto
   
now its so different now

as the governments in the world have gotten involved and trying to make it harder in crypto
as in if you need to trade out to fiat ,

u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.




in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,.


Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

Or will the average person still stay in the markets?

but its too bad that the powers that be are making it difficult





ur thoughts?



As right now BTC is more of a store of value. The value of it is not high enough to be able to use mainstream for the global market as the money system. For all markets to be based on.
Do you think that if ever there becomes more adoption, BTC would be and able to be used for mainstream like a global money? Does the tech work enough that it could handle the global market?

why or why not?

So right now it seems the corporations want all of BTC. With Blackrock buying lots and lots of BTC. I consider this a catch 22 and a mix of good and bad.
What are your thoughts on this?

Sure for anyone who hodls  BTC and Blackrock buying more, value goes up. so it works for people already holding BTC.
Yet it makes it harder for others not in the market yet to buy more amounts , they will have to consider buying less now if on a budget.

Is this a case of too much too soon? or do you think Blackrock a good thing? thoughts?

Is it possible as a Canadian citizen and living in Canada. Taking my crypto and opening up a bank account etc in a crypto friendly country like Portugal that does not have tax on crypto.
Is this possible loop hole in the system of bringing Crypto to FIAT?
Reason I wish to do this is I have a few credit card debt I need to pay off. But want to see if anyway to avoid the tax.
So I was thinking this, what if I used Portugal exchange or bank to sell out crypto into the money Portugal uses. Then take that currency and sell into CAD and avoid some taxes? Thoughts on this? Thanks

Right now the markets are rising in our favours. Too bad the worlds markets are in FIAT.
Right now i wish to pay off some credit card debts i have. All in FIAT of course and yes i know i will have to pay tax on the capital gains.
Would i be making an ok choice to sell off some ETH right now to CAD to pay some debt off. as where markets are im in the position.
just wondering on the tax i have to pay, would i be paying more tax then what i will be writing off in credit card debt? thanks

Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.

What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?

Who here thinks the BRICS new world order is the wrong direction for that part of the world to move in?
There really are some democracy concerns on this yet these countries are more or less selling off their freedoms of the people in the name of economy

thoughts anyone?

and yes BRICs will impact crypto as well

Maybe Not Possible For Governments To Get Off Fiat??

 Thinking that with the USA dollar as the main reserve currency, That would make it very hard for other countries to get off the USA dollar and other fiat systems if they wanted to.
Such as moving to a money system that has more limited supply.

More less to drop a fiat system altogether for the international business aspect for that countries exports and imports.

There would be or could be in my opinion consequences such as a possible war break out with in some case the USA before.
Now with China taking over some countries. If those countries dropped the Yuan for business, there would be serious consequences coming down from that,

For example I am in Canada. If our country here stopped the USA dollar altogether for the trade transaction between USA and Canada there be serious consequences, even if my country Canada the government dropped the Canadian dollar or any fiat system in the country and moved to a new system, like BTC or some non fiat money system on the national system. There would be very serious sequences coming back from other governments in other countries.

Would this be a case of intimidation from more dominate countries that is preventing other governments from wanting to change the financial system?

Thoughts?

Thoughts on that Bitcoin was created by a member of China. And that once there is over 60 % adoption in the world. Someone will push a button and it will ignite to something much more powerful and controlling>? more centralized?

With the printing of fiat money that is always in constant motion by the powers that be.
As the fiat money devalues in value. The value of BTC and other cryptos goes up.
So if the banks etc printing all fiat out of crazy numbers, then we should be in a guarantee of BTC going to over a million perhaps.

Does that mean we should be embracing the printing of money?

Make all our money go totally out of value, so anyone holding BTC can get good value?

Does this make sense?

A backlash, certainly by those that are well informed will happen  As for the general public that is less informed and a bit lazy/naive - it will depend on how is presented.   The government giving out CBDCs and being presented as way to:

1.  protect the US dollar against foreign adversaries
2. combat fraud and crime
3. Give tax incentives
4.  Insure against bank failures

etc...  when presented in that way and possibility with incentives, much of the general public will fall for it and not see any alternative.   There will also likely be the various political presentations to appeal to both the left and the right.   The problem is more than just CBDC vs BTC & Cryptos - the problem is the public is lazy and will take whatever path requires the least of them and appears to give them the most.

There will most certainly be a battle and I suspect it will last a very long time.

if you look at what happened in the USa in 1971 when Nixon took the dollar off the gold standard and go with full blown fiat, the pay off was making it legal for USA citizens own gold again, people just saw the idea to own gold a good pay off, again make forgot about how the government stole the gold from everyone back in the 1940s

The mainstream media does tell everyone that crypto is a scam and many believe that, so more less

In the early days of crypto many of us got into this space as there was less regulation. Therefore  the free market.
However since crypto started, there have been many platforms that have come and gone. Many of them that left were always on bad terms. Some were not. A few platforms that are still around are on good terms still.

One of the biggest negatives so far in Crypto is what happened with FTX. It is a shame since many of these exchanges had the vision to be like the "new" banks. At least be something that people can benefit from more vs the traditional banks.

Now with all of these scams that have happened. more regulation is coming.

However the question is this. It is the Catch 22 on regulation

we need it, yet we don't need it.

Reason no rules before, free market, came lots of scams. Therefore rules are needed in this space.

However rules give the powers that be much more power and will make crypto a harder place to trade in etc.

Your thoughts,
Do you think regulations are need more in crypto? should we have someone watching out more for the users of cryptos?

or would you rather see the current free for all aspect continues?

tell us below, why or why not?

there will always have some sort of inflation
the push pull for sure
but that is dependent on many variables etc, at least it is possible to get rid of one form of\ inflation if the entire market place was based on a money system that had a limited supply
what are your thoughts on what if the majority of the population all of a sudden sold all their fiat and put it into a crypto? like BTC, do u think the system or part of the traditional finance system see some type of impact/disruption?

I think this country is still in positive with holding the BTC. Since when should one expect instant success. Holding BTC is a long term solution with the benefits in the coming years.

IF they sold out now, they would lose for sure.

With all the recent FUD being created against ETH. I am in conclusion that ETH will not dissolve down to zero value ever.
As it has been around for some time and has survived many times over when other crypto projects have come and gone.

Sure with the forking coming up, there will be some change. However ETH will always have a value/ just right now the price is down, but it only means good time to buy in and get more.

What are your thoughts on this?

Do you think ETH Will be around for a long time? or do you think it will go down to zero ?

Tell me your thoughts and why?

Bitcoin was in some aspect created to act as a hedge against inflation. More or less it's value was supposed to go up as FIAT value goes down.
Here we are in a state of massive inflation bubble happening right now.
Many of us got Bitcoin years ago as for it to be something that would go up in value and give people better level of wealth, or at least at as a survival key.

However it seems with FIAT going down, so is more of Bitcoin and other cryptos.

Why is this happening?

Bitcoin was supposed to be here for our survival. Now it is becoming just a digital number on a computer screen that never had any value all along.

What am I missing here?
or is the best yet to come?
look to hear your thoughts?