Hippocrypto
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November 07, 2019, 12:28:37 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.
Its not a bubble because its value don't seem to skyrocket and pop. It only bubbles due to its infinite supply but the value keeps on inflating and not backed by anything. Bitcoin is the real money with proof and hard to faked fiat money should be inspired by it. In fairness with fiat money, this cannot be a bubble because it was backed by the government's central bank. With centralized fiat currency, regulation made it strong and won't crash easily unlike bitcoin whose character was volatile. Bitcoin as decentralized currency, was operating without the government's control. When there's a bubble they cannot take actions directly, because the system is running through blockchain technology.
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Ryker1
Sr. Member
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Eloncoin.org - Mars, here we come!
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November 07, 2019, 01:46:19 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.
Its not a bubble because its value don't seem to skyrocket and pop. It only bubbles due to its infinite supply but the value keeps on inflating and not backed by anything. Bitcoin is the real money with proof and hard to faked fiat money should be inspired by it. In fairness with fiat money, this cannot be a bubble because it was backed by the government's central bank. With centralized fiat currency, regulation made it strong and won't crash easily unlike bitcoin whose character was volatile. Bitcoin as a decentralized currency, was operating without the government's control. When there's a bubble they cannot take actions directly, because the system is running through blockchain technology. Well, It's a bubble obviously. They want you to accept fiat money and you need to work hard in order for you to be able to earn it. On the other hand, bitcoin tries to create limited supply which is opposite to fiat. There is no government attached to bitcoin and soon it will rise all over fiat money. Because of the demand and supply of Bitcoin will make bitcoin expensive or high value when the supply decreased, whereas, fiat money can not.
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Sithara007
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Leading Crypto Sports Betting & Casino Platform
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November 07, 2019, 02:03:27 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.
The fiat banknotes are more like promissory note. Here in India, in the ₹ 2,000 banknotes, it is printed like this: " I promise to pay the bearer the sum of two thousand Rupees" The value of that banknote is promised by the central bank. I agree that the banknotes are no longer backed up with gold, but what this means is that fiat currency is not a bubble and it has some value guaranteed against it. If you have fiat money, then you can exchange it to other assets such as gold and silver, as the central bank is guaranteeing its value.
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keyscore44
Legendary
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November 07, 2019, 02:25:53 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.
The fiat banknotes are more like promissory note. Here in India, in the ₹ 2,000 banknotes, it is printed like this: " I promise to pay the bearer the sum of two thousand Rupees" The value of that banknote is promised by the central bank. I agree that the banknotes are no longer backed up with gold, but what this means is that fiat currency is not a bubble and it has some value guaranteed against it. If you have fiat money, then you can exchange it to other assets such as gold and silver, as the central bank is guaranteeing its value. The central bank guarantees that the value of a banknote with a face value of 2000 is 2000, but it does not guarantee what for this value can be purchased. The bubble is created by printing new banknotes. Simply by increasing supply, the purchasing power of money automatically decreases. In other words, you can buy less items for the same value. Value is not changing, but power of value is lower.
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GideonGono
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November 07, 2019, 04:12:11 PM |
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Its not a bubble because its value don't seem to skyrocket and pop. It only bubbles due to its infinite supply but the value keeps on inflating and not backed by anything. Bitcoin is the real money with proof and hard to faked fiat money should be inspired by it.
I think they only believe that it was bubble cause they believe that when it become huge like a bubble or I mean the price will be more expensive then it will die sooner I think that is they want to say for that bitcoin is like a bubble. You can't predict a future but you can make a theory on it so it is depend on a people if they believe on it or not.
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AicecreaME
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November 07, 2019, 04:13:39 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.
Its not a bubble because its value don't seem to skyrocket and pop. It only bubbles due to its infinite supply but the value keeps on inflating and not backed by anything. You don't even know it for yourself if it is a bubble or not by saying two statements that contradicts each other to make things complicated and unclear, although your second sentence sums it up already, it is a bubble because clearly fiat doesn't have anything on its back to prevent inflation that's cause currency devaluation, if that is not a bubble to you, I don't know anymore what bubble's look like to you.
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Kevondo
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November 07, 2019, 07:34:35 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.
Yes i agree with you because fiat money don't have any tangible value and are not backed by any physical store of value like gold thesedays which makes its value less but they are legal system supported by governmemts and without them there is no value of goods and services in global market.The worle operates only on the base of fiat money so its quite controversial. At present, doubtlessly, fiat has its own place and it is playing the role of medium of exchange. Governments are still using it but this wont remain the case forever. If not earlier, then later all the countries will be releasing their own digital coins and accept the existing coins too. Bitcoin is already legal in few countries now. With time, systems get revolutionized and now it is the money system that needs to be changed.
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mdgabrielzim
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November 07, 2019, 09:12:48 PM |
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I agree with you that fiat lives on a bubble. Money and btc base their price on trust, while hearing trust money will be worth something, but when that is over their value may be nonexistent.
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EdvinZ
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November 08, 2019, 06:49:33 AM |
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Any currency, stock or anything of value that can be measured by money is a bubble. The price of any valuable thing can be artificially increased, thereby creating a price bubble for it. I think that everything that is bought and sold in one way or another can be called a bubble. Think the crux of the is clear. In a market economy, where the seller is free to make any price of his goods, price fluctuations are almost everywhere. Not spared this phenomenon and the markets of currencies, stocks and cryptocurrencies. Asset prices can indeed be manipulated.
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Yatsan
Legendary
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Leading Crypto Sports Betting & Casino Platform
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November 08, 2019, 05:19:12 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.
Basically, there are three types of real money: commodity, representative, and fiat. The commodity is gold, silver, and copper. the representative is paper money that is backed by gold, 100$ of representative money is equals to 100$ worth of gold. And the fiat, which we are using now is just backed by faith. Basically, the fiat is just literally a paper and has no value at all. So you are right! Fiat is just backed by faith and no real-world value, unlike bitcoin, which is based on supply and demand.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Memminger
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November 08, 2019, 06:55:20 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.
Its not a bubble because its value don't seem to skyrocket and pop. It only bubbles due to its infinite supply but the value keeps on inflating and not backed by anything. You don't even know it for yourself if it is a bubble or not by saying two statements that contradicts each other to make things complicated and unclear, although your second sentence sums it up already, it is a bubble because clearly fiat doesn't have anything on its back to prevent inflation that's cause currency devaluation, if that is not a bubble to you, I don't know anymore what bubble's look like to you. Though I can’t say that some fiats aren’t really back by anything because a long time ago a country could only produce fiats based on their gold and silver results and I I remember correctly the US government had passed a law to untie the fiat from the country’s reserve. So the question might be, where does the fiat get its value from? Is it from the trust of the people? Or rather the circulation keeps going on and on since it had already taken a deep root in our society that some countries don’t need to back their fiat of something to stabilize its price?
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huige007
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November 08, 2019, 11:33:20 PM |
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Any currency, stock or anything of value that can be measured by money is a bubble. The price of any valuable thing can be artificially increased, thereby creating a price bubble for it. I think that everything that is bought and sold in one way or another can be called a bubble. Think the crux of the is clear. In a market economy, where the seller is free to make any price of his goods, price fluctuations are almost everywhere. Not spared this phenomenon and the markets of currencies, stocks and cryptocurrencies. Asset prices can indeed be manipulated.
Bubble is something that is going to pop out soon, hence disappearing forever and the future of fiat is no different. It will be leaving us soon. As digital currencies are here with us, these are the future of money. Not everything is bubble. There are altcoins that turned out to be bubbles but then there exist altcoins that have become essential to hold for future’s sake. Prices do change but it should not kill something that is not bubble.
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KennyR
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November 09, 2019, 02:31:17 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.
Basically, there are three types of real money: commodity, representative, and fiat. The commodity is gold, silver, and copper. the representative is paper money that is backed by gold, 100$ of representative money is equals to 100$ worth of gold. And the fiat, which we are using now is just backed by faith. Basically, the fiat is just literally a paper and has no value at all. So you are right! Fiat is just backed by faith and no real-world value, unlike bitcoin, which is based on supply and demand. In one way what's been mentioned seems to be the reality of the fiat or the paper money. Same time considering the other part of printing money it is printed with some backing source. With bitcoin we have demand to supply with limitations while with fiat the same but there isn't any limitation. The limitation is set based on the prevailing economic condition.
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qwertyup23
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November 09, 2019, 04:17:42 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.
I would not call FIAT to be a bubble due to several reasons: First, the whole fiat system is managed by the government through the Central Bank. They manage the inflation, check the necessary prices in the market, and adjust the following depending on their research and data; Second, the value of fiat depends on the number of gold reserve the country has. Depending on the reserves the value of fiat may exceed the proportionate of its gold reserves but it would render its value useless; and Third, fiat is centralized in nature which is accepted as the universal medium of exchange. If it were a bubble, then its value would be significantly large.
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keyscore44
Legendary
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November 10, 2019, 01:56:02 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.
I would not call FIAT to be a bubble due to several reasons: First, the whole fiat system is managed by the government through the Central Bank. They manage the inflation, check the necessary prices in the market, and adjust the following depending on their research and data; Second, the value of fiat depends on the number of gold reserve the country has. Depending on the reserves the value of fiat may exceed the proportionate of its gold reserves but it would render its value useless; and Third, fiat is centralized in nature which is accepted as the universal medium of exchange. If it were a bubble, then its value would be significantly large. For a long time, fiat money has not been secured by gold or anything else, except maybe the faith that the central bank knows what is doing. The American Central Bank no longer hides the fact that it is still printing dollars and does not intend to stop doing this.
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alexforneus
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November 10, 2019, 02:26:31 PM |
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And stocks market is a bubble too. The whole market is a bubble. Thats a typical situation
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keyscore44
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November 10, 2019, 03:25:15 PM |
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And stocks market is a bubble too. The whole market is a bubble. Thats a typical situation
In fact, all financial markets are somewhat dependent on each other and interacting in some way, so there is a lot of truth in what you wrote. However, we are talking here about the fact that Central Banks manipulate money (they print money, adjust interest rates to their own needs, etc. ) and it can end very badly at any time. When the bubble bursts in the world will become what happened recently in Argentina.
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Brunus
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Rasputin Party Mansion
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November 10, 2019, 09:01:08 PM |
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Of course, bitcoin is a bubble, fiat is a bubble ... in fact, everything that exists on the planet is a bubble and is destined to die sooner or later. Even the planet itself ... So instead of creating alarmism, we try to take advantage of the "bubbles" before they burst. Life is short...
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keyscore44
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November 11, 2019, 07:56:47 AM |
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And stocks market is a bubble too. The whole market is a bubble. Thats a typical situation
In fact, all financial markets are somewhat dependent on each other and interacting in some way, so there is a lot of truth in what you wrote. However, we are talking here about the fact that Central Banks manipulate money (they print money, adjust interest rates to their own needs, etc. ) and it can end very badly at any time. When the bubble bursts in the world will become what happened recently in Argentina. How strong are all the financial bubbles surrounding us we will find out pretty soon, because there is no better test than the financial crisis, which, by the way, is just around the corner. I can assume that crypto assets will prove worthy in the coming dark times. Then we'll see. When the global crisis arrives, cryptocurrencies will be the perfect instrument to escape from a decline in value, because is not based on import and export. It is not known, when the fiat money bubble will burst, because the US Central Bank is still printing dollars on which the world economy is based. It will happen someday, but it may take many years...
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GoodSign
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November 11, 2019, 07:57:58 AM |
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Wassup yall. new in here. What does it take to get an altcoin published? er? whatever?
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