World debt hits new record: good for BTC

[laravuemaster]

https://www.bloomberg.com/news/articles/2018-04-18/world-debt-hits-record-164-trillion-as-crisis-hangover-lingers

$164 trillion! That is an awfully big pile of money, but governments think it's not big enough. They keep on borrowing more every year. If there's no crash, it will be a miracle.

Pray God.
Or buy BTC!

Government think's its not enough because they are just stealing money from people and because of that, cryptocurrency should be widely used in order for different people to have more ways of earning money.

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[South Park]

https://www.bloomberg.com/news/articles/2018-04-18/world-debt-hits-record-164-trillion-as-crisis-hangover-lingers

$164 trillion! That is an awfully big pile of money, but governments think it's not big enough. They keep on borrowing more every year. If there's no crash, it will be a miracle.

Pray God.
Or buy BTC!

Since bitcoin is an alternative system of payments and a currency anything that weakens the current system is good for bitcoin, the problem is that even with that huge level of debt people still trust in the system and somehow think everything is going to be alright when in my opinion we have reached a point of no return where the system cannot avoid to crash.

[Shenzou]

https://www.bloomberg.com/news/articles/2018-04-18/world-debt-hits-record-164-trillion-as-crisis-hangover-lingers

$164 trillion! That is an awfully big pile of money, but governments think it's not big enough. They keep on borrowing more every year. If there's no crash, it will be a miracle.

Pray God.
Or buy BTC!

It is good for bitcoin, but i think that at this point people don't care about this whole thing, i mean government could do whatever they want, just thinking about how we went from money backed by gold into just using just paper that has value because they said so, and because they have the power to do that, and it is what bitcoin faces right now, and that is governments have the power to ban it and potentially bring it down.

[mig5000]

Most people do not even care about that, so i do not even hesitate to explain this to more people because they will never understand. More people think that USD is inmune to debt.. and yes, i am serious.

[South Park]

https://www.bloomberg.com/news/articles/2018-04-18/world-debt-hits-record-164-trillion-as-crisis-hangover-lingers

$164 trillion! That is an awfully big pile of money, but governments think it's not big enough. They keep on borrowing more every year. If there's no crash, it will be a miracle.

Pray God.
Or buy BTC!

It is good for bitcoin, but i think that at this point people don't care about this whole thing, i mean government could do whatever they want, just thinking about how we went from money backed by gold into just using just paper that has value because they said so, and because they have the power to do that, and it is what bitcoin faces right now, and that is governments have the power to ban it and potentially bring it down.

It is true that many people do not care about what the government do but at some point to actions of the governments have consequence that can be felt in the economy, just look at the example of Venezuela and when that happens people will begin to care about the actions of the government but by that time it will be too late and the damage to the economy will take decades to be undone.

[Dimon8]

It is possible that the growth of the world debt will serve as an impetus for the world crypt revolution. The more debt the greater interest in BTC and other crypto, because with the growth of debt the standard of living of the population of all countries is only going down.

[eduvacation.net]

https://www.bloomberg.com/news/articles/2018-04-18/world-debt-hits-record-164-trillion-as-crisis-hangover-lingers

$164 trillion! That is an awfully big pile of money, but governments think it's not big enough. They keep on borrowing more every year. If there's no crash, it will be a miracle.

Pray God.
Or buy BTC!

Talking about the potential of bitcoin, everyone has their own opinion and I think the latest achievement you share is very unreasonable if for the near term but for a long period of time it might happen even though I am still pessimistic because it is more likely that the potential is like speculation against future bitcoins that cannot be guaranteed to occur.

[richardsNY]

I wouldn't say that world debt hitting an ATH will have a direct positive impact, but in times of economic difficulties, as we saw in Zimbabwe, Venezuela, Argentina, etc., Bitcoin would be incredibly useful in holding its value, unlike the fiat currency. That's why I'm personally invested in BTC.

The weakest countries are always the first to slide, where after a while the trail of destruction will even hit what people right now consider to be stable countries. The wealthier you are the longer it takes to slide, but eventually you will have to admit defeat as country. Money that you have in reserve can delay that process, printing money to fill up gaps can delay that process, but with delaying everything you are only buying time while you know that at some point everything will come to an end. The world debt in current stage is an unstoppable force where more and more people start to realize that. Why do people hoard gold? Why do people take their money off their bank accounts and buy real estate? These are preparations for what has to come, but we only don't know when....

[btyco]

There is no way they can repay those debts, even with the best businessman in the world as the president they can't recover. Money will be dead and a new currency born - bitcoin!

[eternalgloom]

That's why I think bitcoin is such an interesting investment, and also a very attractive one for the long term holders.

Bitcoin is simply independent from any financial system, which is something that we don't see at all in other investments. It is also decentralized, and there is a limit on the amount that can ever exist. Not to mention that it is one of the most fungible currencies available due to its anonymity.

I wouldn't say that world debt hitting an ATH will have a direct positive impact, but in times of economic difficulties, as we saw in Zimbabwe, Venezuela, Argentina, etc., Bitcoin would be incredibly useful in holding its value, unlike the fiat currency. That's why I'm personally invested in BTC.

I've also heard some speculation about a possible increased interest in crypto from Italy, since the country is on its way to financial crisis.
If Italy ever leaves the eurozone, however unlikely it may be, it might drive people towards crypto.

This is the article:
https://www.businessinsider.nl/bitcoin-price-crypto-making-comeback-italy-political-crisis-mounts-2018-5/?international=true&r=US

[bitbink]

I think it's hard to say which events affect the bitcoin price directly and how. One thing is obvious: in the long term, the value of bitcoin will only grow. Therefore, you need to buy these coins now)

[Zeeshan-Ali999]

Price has since pulled back and is around $6,111 on Monday morning

[Kumic]

I didn't know that debt is that high.
Very big numbers indeed.

[sevenbits]

Any unreported news about the stock market is positive news in the world of crypto. perhaps in the current state of the market this will affect negatively, but in general any gaps in the stock market are an ideological victory for crypto.

[kingkonjac]

the 2008 financial crisis was a great timing for btc to be born as it gave an alternative to the banking system whereas everybody thought for themselves and provided transparency and this new record of debt may be something like a new boost of course.

[Semaj123]

https://www.bloomberg.com/news/articles/2018-04-18/world-debt-hits-record-164-trillion-as-crisis-hangover-lingers

$164 trillion! That is an awfully big pile of money, but governments think it's not big enough. They keep on borrowing more every year. If there's no crash, it will be a miracle.

Pray God.
Or buy BTC!

Government think's its not enough because they are just stealing money from people and because of that, cryptocurrency should be widely used in order for different people to have more ways of earning money.

That could be the scenario, believing it's not enough but behind that reason is definitely they have a bad intention. That value is pretty big and it is much more enough to pay the debt of the world. Well, as we all know, we can do nothing but pray that the Government will be honest to the people.

[South Park]

I wouldn't say that world debt hitting an ATH will have a direct positive impact, but in times of economic difficulties, as we saw in Zimbabwe, Venezuela, Argentina, etc., Bitcoin would be incredibly useful in holding its value, unlike the fiat currency. That's why I'm personally invested in BTC.

The weakest countries are always the first to slide, where after a while the trail of destruction will even hit what people right now consider to be stable countries. The wealthier you are the longer it takes to slide, but eventually you will have to admit defeat as country. Money that you have in reserve can delay that process, printing money to fill up gaps can delay that process, but with delaying everything you are only buying time while you know that at some point everything will come to an end. The world debt in current stage is an unstoppable force where more and more people start to realize that. Why do people hoard gold? Why do people take their money off their bank accounts and buy real estate? These are preparations for what has to come, but we only don't know when....

True, richer countries can afford bigger distortions in the market, this is the main reason why the US can print so much currency and still be in one piece, any other country that was not the US would have suffered a huge economic crises already, but while this may seem like a good thing it is not, once the crisis hit the US it will be unstoppable and it will be way bigger than if they suffered the crisis years before, so the only thing people around the world can do is to try to protect themselves with traditional investments but now bitcoin is an option as well.

[Leanna44]

Yes debt can kill you more towards poverty,,,many suffers poor or rich got into debt we are all shadowed by this killer(debt). But as what ive noticed by joining campaigns in bitcoin they paid already their debts so they were so thankful by this.,but be sure to join in a legit campaign.