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Author Topic: Bitcoin vs. Cash Inflation — A discussion on which is better  (Read 841 times)
Liplets
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June 28, 2020, 06:11:01 PM
 #41

Only individuals in countries that suffer from a lot of economic problems and whose governments start printing more money will feel it so that they can pay salaries and the rest of the basic services.
These citizens will feel the difference in bitcoin prices because the price will differ from the dollar and will differ from the local currency.
The effect of the change in the price of the dollar on the local currency and the recovery of Bitcoin price will make them rich due to the exchange rate differences.
imons
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June 29, 2020, 12:37:59 PM
 #42

Only individuals in countries that suffer from a lot of economic problems and whose governments start printing more money will feel it so that they can pay salaries and the rest of the basic services.
These citizens will feel the difference in bitcoin prices because the price will differ from the dollar and will differ from the local currency.
The effect of the change in the price of the dollar on the local currency and the recovery of Bitcoin price will make them rich due to the exchange rate differences.
Unfortunately it is true. And even more sad that most of world economy is based upon a USD, so while us gov prints more usd to help US citizens - it kills value for anyone who is not US citizen
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