People focus on the wrong thing.

[WinslowIII]

Why focus on bitcoin price right now? focus on fiat: The quarter of a quadrillion dollars of world debt. The trillion dollars of debt the US alone adds each year. This is what to be looking at, because this is directly what gives bitcoin it's value.

[somac.]

Very true. Understanding Bitcoin is only part of the equation, you also need to understand government corruption, how the economy is driven, and how money is created.

Bitcoin would be a rather unnecessary curiosity if governments really worked for the people, the economy wasn't dependent on ever increasing levels of debt, and private banks weren't allowed to create money through lending.

Once you understand everything it becomes very clear that not only is bitcoin a necessity in this world, but one of the few hopes that the people (labor) have over the rich and powerful (capital). Any who deride Bitcoin don't have an overall understanding of the elements listed in my first paragraph, or would benefit from Bitcoin's demise. That is why you don't need to listen to the naysayers, just educate yourself instead until it all becomes clear.

[WinslowIII]

Very true. Understanding Bitcoin is only part of the equation, you also need to understand government corruption, how the economy is driven, and how money is created.

Bitcoin would be a rather unnecessary curiosity if governments really worked for the people, the economy wasn't dependent on ever increasing levels of debt, and private banks weren't allowed to create money through lending.

Once you understand everything it becomes very clear that not only is bitcoin a necessity in this world, but one of the few hopes that the people (labor) have over the rich and powerful (capital). Any who deride Bitcoin don't have an overall understanding of the elements listed in my first paragraph, or would benefit from Bitcoin's demise. That is why you don't need to listen to the naysayers, just educate yourself instead until it all becomes clear.

Yes. If the economy was healthy and fiat was a good system bitcoin wouldn't have any value at all.
Think about that.

[jakelyson]

If only we share the same sentiment with everyone. They view bitcoin as an instrument or investment to make more fiat. They will see bitcoin's value when they experience the crisis caused by the hyperinflation of fiat.

[WinslowIII]

If only we share the same sentiment with everyone. They view bitcoin as an instrument or investment to make more fiat. They will see bitcoin's value when they experience the crisis caused by the hyperinflation of fiat.

Those making fiat with bitcoins get it - at least they are minimizing the fiat devaluation with more fiat. Those who trust in fiat and think crypto is a joke are the ones in trouble.
Afaic, the bitcoin price is a mirror reflection of the health of the fiat system - and my fucking God does it look bad.

[somac.]

If only we share the same sentiment with everyone. They view bitcoin as an instrument or investment to make more fiat. They will see bitcoin's value when they experience the crisis caused by the hyperinflation of fiat.

Those making fiat with bitcoins get it - at least they are minimizing the fiat devaluation with more fiat. Those who trust in fiat and think crypto is a joke are the ones in trouble.
Afaic, the bitcoin price is a mirror reflection of the health of the fiat system - and my fucking God does it look bad.

Most people will lose everything before they notice or are motivated enough to learn. Take Venezuela for example, you won't hear anything about it through the media, but there would have been a good minority of people who saw it all coming and left in time, as well as those who saw it coming and made sure they had only assets instead of their government fiat.

However, Bitcoin is the ultimate asset because it can't be confiscated and can be smuggled across borders with ease. I keep telling people imagine if, instead of gold and precious gems, the Jews prior/during WW2 had bitcoin. Not only could the ones who left taken all of their wealth, the Nazis would not have been able to steal the wealth of the ones who remained and therefore could not have prolonged the war with that wealth.

[1Referee]

Afaic, the bitcoin price is a mirror reflection of the health of the fiat system - and my fucking God does it look bad.

Right. Instead of looking at Bitcoin being worth $5000 today, one could also say that a dollar is worth $0.0002 now.

I wasn't there myself at that point, but I read some articles where legacy news outlets were wondering how something like Bitcoin could be worth $1, the same amount as the USD. It's not backed by the government, created in a fraudulent manner, and there is no way it can go up even more. Boy, they couldn't be more wrong.  

The "positive" side of the printing presses working like never before is that money is so cheap, that institutions are more likely to buy into risky asset classes such as Bitcoin.

[Jating]

Why focus on bitcoin price right now? focus on fiat: The quarter of a quadrillion dollars of world debt. The trillion dollars of debt the US alone adds each year. This is what to be looking at, because this is directly what gives bitcoin it's value.

I think the community know this for sure that's why they have invested on bitcoin or crypto in general.

And we have been calling this for the last 3 years or so but it seems people don't know the truth about the world debt or something that could have help them in time of financial crisis until it's too late.

So let's spread the love, sooner or later we will see bitcoin going up to the moon again to give us value and all those fiat suckers, will be left in the closet.

[Genemind]

Fiat is being regulated and manipulated so people focus on the value of Bitcoin. It's where people see and experience financial freedom so we can't blame everyone if they focus on cryptocurrency.
I'm sure that everyone is aware of what is happening in Fiat, it's just that they're also aware that they can't do anything about it.

[omonuyak]

Why focus on bitcoin price right now? focus on fiat: The quarter of a quadrillion dollars of world debt. The trillion dollars of debt the US alone adds each year. This is what to be looking at, because this is directly what gives bitcoin it's value.

Since some of us could not analyze the market or understand how this world debt work we have to focus on the technical issues of bitcoin and others cryptocurrencies.  how many here knows how debt affect a particular currency?  I think we would just invest base on the inherent knowledge we have.

[Adriano2010]

Indeed most people here focus on crypto price and they should somehow focus to get more coins and hold them until they think make a good profit or until they need urgent extra money.

[jjjfff]

Why focus on bitcoin price right now? focus on fiat: The quarter of a quadrillion dollars of world debt. The trillion dollars of debt the US alone adds each year. This is what to be looking at, because this is directly what gives bitcoin it's value.

That's right. And the world collapse is near. The Fed and ECB want to print more money for bankers, they're gonna ruin 3 to 4 generations forward.

Our kids and grandkids will grow up in debt. It's absurd.

Fractional reserve banking and endless money printing need to stop now.

[Haunebu]

If only we share the same sentiment with everyone. They view bitcoin as an instrument or investment to make more fiat. They will see bitcoin's value when they experience the crisis caused by the hyperinflation of fiat.

I agree. No one will miraculously change their opinion overnight unless something extreme happens(Collapse of the banking industry etc) which could lead to an insane demand for BTC and push its value through the roof.

I feel its only a matter of time before the world realizes the true value of BTC.

[sheenshane]

In this world, you don't have the right to judge people and also tell them that they are focusing on the wrong things. The reason why I'm telling this is because of we all people have different stuff we encounter every day. We also have different surroundings and circle. If you think you have a nice thing you spend your focus with, then that's nice for you. Just imagine a person that is focusing on fixing a bike. His goal is to fix the bike and give it to his child so his child could enjoy riding it.

[leonair]

Why focus on bitcoin price right now? focus on fiat: The quarter of a quadrillion dollars of world debt. The trillion dollars of debt the US alone adds each year. This is what to be looking at, because this is directly what gives bitcoin it's value.

Why focus on the negativity though? do you want us to stress out ourselves?

Don't focus to those negative aspect of life that you can't control.

People are so into cryptocurrencies in the past 2 years because they've seen an opportunity and they are still believing that it has a huge potential in the future. It's true that Bitcoin is backed by a $ currency but you must understand also that not only the people who have dollars can get Bitcoins, it was made for all.

[iv4n]

I do not know. Who from all of you, commentators do really care of USA's debts? I guess that's only USA's problem. But how many from you guys check bitcoin's (and not only) price like daily?
The reply is easy, different people focus on different things and for many of crypto users bitcoin's price is on the top of the world.

[klaaas]

It is the main driver what makes bitcoin a choice to consider, more and more people are worried about the currently used fiat systems and would seek a way out in bitcoin. The more trust bitcoin gains the higher its value will be.

[WinslowIII]

I do not know. Who from all of you, commentators do really care of USA's debts? I guess that's only USA's problem. But how many from you guys check bitcoin's (and not only) price like daily?
The reply is easy, different people focus on different things and for many of crypto users bitcoin's price is on the top of the world.

The world debt is a quarter of a quadrillion usd. The USA is but a mere fraction of that. Pull your head out of your ass, it's not just the USA's problem.
When Nixon took the usd off the gold standard, destiny of collapse was put into motion. When Reagan cut taxes and bought expensive military toys with debt, this was the true beginning of the end. Soon, we shall see the end.

[sunsilk]

Everyone can focus with whatever they want. And since you're in a bitcoin forum, expect that majority of the people here are likely to focus with bitcoin, altcoins and anything that's related to crypto. Focusing on fiat, through saving more fiat?

What gives value to bitcoin is the people that gives the demand on it. Bitcoin doesn't have debt and isn't owned by any country that can declare inflation or crisis.

[Indrawan77]

The fiat debt will gives more power to bitcoin, people will find a solution to avoid the inflation and  in the end will go to bitcoin, for now people focusing on bitcoin price because they only think for short term, now we need to focus on the bitcoin growth, legalisation and the usage expansion