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Author Topic: Fiat Money is a Bubble  (Read 477 times)
fxbit
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October 24, 2017, 10:00:40 PM
 #41

now bitcoin almost a working currency therefore it is very liquid, other than being thrown away by government there is no other threat of bitcoin go away like other currency in the past, currency can never be in threat of total devaluation in a bubble situation because its always be exchangeable with good and services, like gold and silver, the price may fall to zero but the utility of bitcoin will remain, but in order for the price to fall to zero dollar you need to stop printing dollar which will not happen unless SDR is being introduced once SDR is introduced bitcoin will rise in SDR value again
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October 24, 2017, 10:08:56 PM
 #42

Fiat money is a bubble? Why?!
In my opinion FIAT moeny can't be a bubble, because everyone use FIAT currency. We can actually buy a lot of things, and use that money in many good ways. If anything i would say that bitcoin may be a bubble, because we dont have a lot of opportunities to buy something for btc  and even if we finally have such a chance we just dont want to spend our BTCs, co the price increase again. So that type of money (bitcoin) maybe is a bubble, and fiat for sure is not a bubble.


if you look at USDBTC inverse of BTCUSD you normally refer to as bitcoin bubble, you can see that USD is losing values against bitcoin very rapidly, it means that USD or any fiat currency is not in bubble anymore because its already popped and now imploding. There is no chance this trend can be stopped because government and central bankers think that expanding monetary system is healthy and they need it supposedly to grow the economy, the truth is they want to steal peoples money, that will not end well
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October 24, 2017, 10:14:49 PM
 #43

Fiat money is a bubble? Why?!
In my opinion FIAT moeny can't be a bubble, because everyone use FIAT currency. We can actually buy a lot of things, and use that money in many good ways. If anything i would say that bitcoin may be a bubble, because we dont have a lot of opportunities to buy something for btc  and even if we finally have such a chance we just dont want to spend our BTCs, co the price increase again. So that type of money (bitcoin) maybe is a bubble, and fiat for sure is not a bubble.


if you look at USDBTC inverse of BTCUSD you normally refer to as bitcoin bubble, you can see that USD is losing values against bitcoin very rapidly, it means that USD or any fiat currency is not in bubble anymore because its already popped and now imploding. There is no chance this trend can be stopped because government and central bankers think that expanding monetary system is healthy and they need it supposedly to grow the economy, the truth is they want to steal peoples money, that will not end well
Well, increasing the monetary supply does help the economy. But ultimately money is worthless anyways... people are just pretending that they are working for money, while in reality they are doing their job for free and just hoping that someone else will do their job for free in a way that will help their lives. Money really is a very strange phenomenon...

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October 24, 2017, 10:22:47 PM
 #44

Fiat money is a bubble? Why?!
In my opinion FIAT moeny can't be a bubble, because everyone use FIAT currency. We can actually buy a lot of things, and use that money in many good ways. If anything i would say that bitcoin may be a bubble, because we dont have a lot of opportunities to buy something for btc  and even if we finally have such a chance we just dont want to spend our BTCs, co the price increase again. So that type of money (bitcoin) maybe is a bubble, and fiat for sure is not a bubble.
Fiat is not a bubble. It's just devalued.

You have good optimism with fiat but its naive to think that fiat currency can never become worthless, its devalued and devalued very rapidly and in no time it will become worthless because it is being canceled by mountain of debt its created in order to exist, expecially when there is better sound alternative currency compared to fiat gaining more mainstream adoption
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October 24, 2017, 10:24:57 PM
 #45

Fiat money is a bubble? Why?!
In my opinion FIAT moeny can't be a bubble, because everyone use FIAT currency. We can actually buy a lot of things, and use that money in many good ways. If anything i would say that bitcoin may be a bubble, because we dont have a lot of opportunities to buy something for btc  and even if we finally have such a chance we just dont want to spend our BTCs, co the price increase again. So that type of money (bitcoin) maybe is a bubble, and fiat for sure is not a bubble.
Fiat is not a bubble. It's just devalued.

You have good optimism with fiat but its naive to think that fiat currency can never become worthless, its devalued and devalued very rapidly and in no time it will become worthless because it is being canceled by mountain of debt its created in order to exist, expecially when there is better sound alternative currency compared to fiat gaining more mainstream adoption
Fiat currency is per definition worthless. The moment people stop giving a damn about "IOUs" the whole imaginary money system would collapse. I would love to see that happen just to see how it would play out to be honest.

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October 24, 2017, 10:31:10 PM
 #46

Fiat money is a bubble? Why?!
In my opinion FIAT moeny can't be a bubble, because everyone use FIAT currency. We can actually buy a lot of things, and use that money in many good ways. If anything i would say that bitcoin may be a bubble, because we dont have a lot of opportunities to buy something for btc  and even if we finally have such a chance we just dont want to spend our BTCs, co the price increase again. So that type of money (bitcoin) maybe is a bubble, and fiat for sure is not a bubble.


if you look at USDBTC inverse of BTCUSD you normally refer to as bitcoin bubble, you can see that USD is losing values against bitcoin very rapidly, it means that USD or any fiat currency is not in bubble anymore because its already popped and now imploding. There is no chance this trend can be stopped because government and central bankers think that expanding monetary system is healthy and they need it supposedly to grow the economy, the truth is they want to steal peoples money, that will not end well
Well, increasing the monetary supply does help the economy. But ultimately money is worthless anyways... people are just pretending that they are working for money, while in reality they are doing their job for free and just hoping that someone else will do their job for free in a way that will help their lives. Money really is a very strange phenomenon...

You should remember that in order for new money being created they also created more debt, there will come time where all this debt have to be factored in the calculation in order to balance the book and thats the time they realized they actually broke and have no more money to spend, expanding the supply will just hurt the economy more, at that time people will realized how bad fiat money system is and value their asset into something more sound like crypto or better gold/silver
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October 24, 2017, 10:32:07 PM
 #47

Fiat money is a bubble? Why?!
In my opinion FIAT moeny can't be a bubble, because everyone use FIAT currency. We can actually buy a lot of things, and use that money in many good ways. If anything i would say that bitcoin may be a bubble, because we dont have a lot of opportunities to buy something for btc  and even if we finally have such a chance we just dont want to spend our BTCs, co the price increase again. So that type of money (bitcoin) maybe is a bubble, and fiat for sure is not a bubble.


if you look at USDBTC inverse of BTCUSD you normally refer to as bitcoin bubble, you can see that USD is losing values against bitcoin very rapidly, it means that USD or any fiat currency is not in bubble anymore because its already popped and now imploding. There is no chance this trend can be stopped because government and central bankers think that expanding monetary system is healthy and they need it supposedly to grow the economy, the truth is they want to steal peoples money, that will not end well
Well, increasing the monetary supply does help the economy. But ultimately money is worthless anyways... people are just pretending that they are working for money, while in reality they are doing their job for free and just hoping that someone else will do their job for free in a way that will help their lives. Money really is a very strange phenomenon...

You should remember that in order for new money being created they also created more debt, there will come time where all this debt have to be factored in the calculation in order to balance the book and thats the time they realized they actually broke and have no more money to spend, expanding the supply will just hurt the economy more, at that time people will realized how bad fiat money system is and value their asset into something more sound like crypto or better gold/silver
The book can not be balanced. There is always more debt than money in the world due to the nature of the system. This won't change until central banks start using negative interest rates either.

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