fxbit
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October 24, 2017, 10:00:40 PM |
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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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fxbit
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October 24, 2017, 10:08:56 PM |
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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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BTCMILLIONAIRE
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October 24, 2017, 10:14:49 PM |
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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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fxbit
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October 24, 2017, 10:22:47 PM |
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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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BTCMILLIONAIRE
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October 24, 2017, 10:24:57 PM |
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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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fxbit
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October 24, 2017, 10:31:10 PM |
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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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BTCMILLIONAIRE
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October 24, 2017, 10:32:07 PM |
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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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ChaturMaster
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July 05, 2019, 01:55:39 PM |
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All fiat currencies are scam.
There is perhaps only one country in the world has 100% gold reserved for total money they printed.
So ruling party, central bank print money and they keep piles for them when people raise question why government want taxes when they can print money as much as they can the same old answer is if more money printed currency will be devalued. Ruling people fool common men giving same old example that 'if a family has 1 kilo gold and 10 members in family, now head of family holds that gold and makes 10 tickets and distributes among each family members which mean each ticket is worth 100 gram gold now if 10 more tickets created for same amount of gold and distributed to all family members then value of single ticket will become 50 gram gold so if you have 1 ticket or 2 tickets value will be same. This type of answers from economists and governors are heard since decades and common men believe it.
Now question is who knows if head of family created 1000 tickets and kept 991 by him?
And also gold or other assets are with him which he may have sold?
In my opinion currency notes are just printed piece of papers issued by governor and made people believe this is money.
They have imposed value of these printed piece of papers in people's mind, whether one wants or not he/she has to accept it as payment in corporate world.
In future may paper currency will not exist and only digital currencies will be accepted and our next generation will believe only digital cash is money.
Or maybe something more advance than digital money in future.
Let's watch, what new form of money is coming in future.
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akram143
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July 05, 2019, 06:21:08 PM |
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Fiat money is the slowest bubble of all time that is why people not recognising it as a bubble and we were never taught about Fiat money anywhere while we are in schools are college so government even didn't want us to know about it.
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Pab
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July 05, 2019, 07:07:46 PM |
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Fiat money is just fiat money.That what Central Banks are doing with fiat it is dangerous Money creation done by banks that is bubble .Debt creation what is slavery tool .At the end people has pay debts banks never losing because Central Banks are printing next money and manipulating currencies.It is maybe why bitcoin is growing so fast because btc is kind of alternative money not manipulated by Central Banks
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Kemarit
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July 05, 2019, 07:32:13 PM |
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Fiat money is just fiat money.That what Central Banks are doing with fiat it is dangerous Money creation done by banks that is bubble .Debt creation what is slavery tool .At the end people has pay debts banks never losing because Central Banks are printing next money and manipulating currencies.It is maybe why bitcoin is growing so fast because btc is kind of alternative money not manipulated by Central Banks
I guess that's one obvious difference, Central Banks can just print money, issued by the Government and regulated. So it is a bubble per se, as they continue to print more money out of thin air and there is a possibility that it will be worthless due to hyperinflation. While Bitcoin is limited in supply, with no central authority on top and also based on supply and demand. That's why Central Banks all over the world are against it because they can't really control unlike fiat wherein they can enslave their population with the debt creation paradigm.
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Mihaylovic
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July 06, 2019, 10:36:04 AM |
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Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
maybe you are right. but since fiat money is known as one of the traditional guarantee currency, it is hard to say it is a bubble. I mean it can also be manipulated but it is not so easy to do it.
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Wallflower28
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July 06, 2019, 01:29:21 PM |
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Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
First of all, how many decades did fiat currency started to be used? If it is a bubble thing like bitcoin and cryptocurrency, therefore it may devalue. I don`t think that fiat currency is a bubble thing because the only one I know that we can compare to bubble is bitcoin. Because of its volatility and fluctuations, many traders speculate and coined bitcoin as bubble thing. However, it never become zero since it grows.
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leavolnhals
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July 07, 2019, 05:18:25 AM |
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Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
that's not the right definition of a bubble. But anyway, Bitcoin is really a bubble. If you don't understand it, I can explain it to you. People say that BTC is a bubble, yes, they are not wrong. Because the value of Bitcoin is really not as high as its current valuation value. In terms of technology, it is obsolete compared to new technology businesses, the time for money transfer is very long and the cost is very expensive. So where is it potential? Why is it so strong? all is the whale's plan. They pump and dump bitcoin to make a profit and in fact BTC has no great value.
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Argoo
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July 08, 2019, 04:23:47 AM |
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Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
No, ordinary currency cannot be categorized as financial bubbles. The amount of paper money issued can be clearly calculated so that they relatively accurately reflect the amount of material assets in circulation and release paper money for this amount. Only when the government deliberately prints extra money, does inflation occur and can we partially speak of paper money as a financial bubble.
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Leyss
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July 09, 2019, 10:56:10 AM |
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The paper money of the states is not a fraud or financial bubble. If used correctly, they greatly help to develop and strengthen the economy of the state and are very convenient for practical use. However, some governments abuse the right to print paper money and it hurts the economy, and an excessive amount of money causes inflation.
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Gibreil
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July 09, 2019, 12:39:02 PM |
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Fiat money is just a paper or coins. If you're just a naive kid, you'll probably think of it as nonsense thing even a toy. Why is it people, almost worship money and even make immoral just to have it? Because its value, in this world in order for you to survive one of the needs is money. Thus, money can become a bubble if people reach the contentment and satisfaction in life. Especially, when people realize the true meaning of being rich. However, that is economy, to answer the infinite demands of people.
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FlyingDrozd
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July 09, 2019, 02:22:05 PM |
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I absolutely love the title and the discussion! Fiat was a bubble from the beginning - right after gold. Money itself is a bubble. It has value because people give it value.
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gwdf1
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July 11, 2019, 07:11:16 PM |
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Fiat money is the slowest bubble of all time that is why people not recognising it as a bubble and we were never taught about Fiat money anywhere while we are in schools are college so government even didn't want us to know about it.
Fiat is not a bubble initially. Traditional money is backed by gold. Certainly, in some countries it is like a bubble - governments simply print this paper all the time, and it is the straight road to the default.
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Barbut
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July 13, 2019, 08:12:53 PM |
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Fiat money is the slowest bubble of all time that is why people not recognising it as a bubble and we were never taught about Fiat money anywhere while we are in schools are college so government even didn't want us to know about it.
Fiat is not a bubble initially. Traditional money is backed by gold. Certainly, in some countries it is like a bubble - governments simply print this paper all the time, and it is the straight road to the default. Are you sure that traditional money is backed by gold? Why don`t you check again, the internet is full with many informations about that my friend. I agree with you about one thing, fiat wasn`t a bubble from the beginning, but somewhere along the way, it got corrupted. We had many economic crises and depressions in the past, what we didn`t have is crypto, now every economic crisis will make people turn to crypto, which will lead to the end of fiat.
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