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Author Topic: Is Bitcoin Still Better than US Dollar?  (Read 361 times)
nienzer
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September 18, 2019, 03:36:24 PM
 #1

This news made me angry Angry Why people still can not understand that the government is manipulating fiat money. Bitcoin is the solution to the problem of manipulating the state. Could this news be a signal for further support of Bitcoin instead of fiat money among US citizens?

https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/
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September 18, 2019, 05:02:17 PM
Merited by hatshepsut93 (1)
 #2

I saw the news this morning. I thought to myself: this is it, the economic crash is coming. Zerohedge was right  Cheesy

But I see nothing alarming. From what I got the U.S. Treasury issued adjudication that were supposed to be settled on Monday for $$ billion and the banks needed to use their USD reserves. Banks no longer have a 100% reserve, they have perhaps about 10%.  So fewer dollars were available
It's like a loan, just for the night, with Treasury Bond as collateral. Rates had returned to their normal level on the next day.

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September 18, 2019, 07:01:34 PM
 #3

In terms of acceptance it's not. In terms of market cap it's not. Recognizability? Still not.

It has one great thing that makes it better and this is a thing dollar will never be able to give you. It's yours and yours alone. They cannot take it from you on customs or on the airport. Nobody can devalue it by printing more. It's better at holding value.

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September 18, 2019, 07:32:02 PM
 #4

My reaction to the OP's topic of discussion is an emphatic no! Bitcoin is still battling with mass adoption and acceptance whereas the US' dollar is widely accepted and known by every country of the world. Despite the Pounds Sterling's strength and value, it isn't even globally accepted, let alone the Bitcoin. The dollar remians better than any other currency, Bitcoin inclusive.

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September 18, 2019, 07:55:58 PM
 #5

We can compare bitcoin to US dollars because they actually have a different concept and they both there own advantage and disadvantage but the huge number of fiat printed was among the thing that leads to the economic slowdown which the reason why bitcoin was implemented.
Mind you, bitcoin and US dollar are both better in there own way.

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September 18, 2019, 08:08:23 PM
 #6

This news made me angry Angry Why people still can not understand that the government is manipulating fiat money. Bitcoin is the solution to the problem of manipulating the state. Could this news be a signal for further support of Bitcoin instead of fiat money among US citizens?

https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/

There's nothing you need to get angry with. When Pythagoras first claimed that the world was round, everyone opposed it. However, Magellan proved that it was true.

Do not hurry. Human nature does not like change very much and rejects it. But it is another fact that we have adapted over time. There's no need to rush. They will come in the crypto age.

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September 18, 2019, 08:44:24 PM
 #7

The government is sure manipulating the dollar and most fiat but don't forget the government also wants to get control where bitcoin and cryptocurrency is concern and my biggest fear is that this aim might be achieved for bitcoin to have wide adaptation

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September 18, 2019, 09:16:27 PM
 #8

Of course it is better. The fact that it is decentralized alone makes it better. Not to mention that it is borderless, valuable, has a limited supply, and it is still evolving.
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September 18, 2019, 10:04:10 PM
 #9

This news made me angry Angry Why people still can not understand that the government is manipulating fiat money. Bitcoin is the solution to the problem of manipulating the state. Could this news be a signal for further support of Bitcoin instead of fiat money among US citizens?

https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/
Definitely, they are manipulating it cause the government is in control with unlike to cryptocurrency. I believe the news isn't a big deal for everyone, it is only a one-night short term plan for the government which may change in the following days. This is not to think that USD become undervalued by Bitcoin, only it happens that the market turns into a crisis and they put blame into Bitcoin.

At this point, government finance feels the effect of wide adoption of crypto and they must have to take action before it getting worst. Not really a worrying part but it somehow it gives a warning that fiat will soon to drop down and people were mostly be using crypto/s instead.

 
 

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September 18, 2019, 10:28:26 PM
 #10

People who live on US will definitely choose US dollar because it's their main currency so we are that has local currency. Upon reading that news, the thing that came to my mind is they can print whenever they want and how many they want.

Unlike bitcoin, it beats the usual cycle of the gov't that prints money because there's a supply limit of 21 million. But with the comparison of it, we need to see bitcoin be accepted first by most countries and most people.

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September 18, 2019, 10:46:19 PM
 #11

This news made me angry Angry Why people still can not understand that the government is manipulating fiat money. Bitcoin is the solution to the problem of manipulating the state. Could this news be a signal for further support of Bitcoin instead of fiat money among US citizens?

https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/



Actually in reality we need to acceptbat this time dollar fiat money is better than to bitcoin if they talk about their importance as old currency control by the goverment.
For bitcoin we all know as bitcoin ethusiasm the importance of bitcoin as new investment is better than to other even in the gold. Hoping bitcoin become the most dominant currency worldwide with out any regulation to manipulate their value.

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September 18, 2019, 11:02:56 PM
 #12

People who live on US will definitely choose US dollar because it's their main currency so we are that has local currency. Upon reading that news, the thing that came to my mind is they can print whenever they want and how many they want.

Unlike bitcoin, it beats the usual cycle of the gov't that prints money because there's a supply limit of 21 million. But with the comparison of it, we need to see bitcoin be accepted first by most countries and most people.
AFAIK it's only US dollar can print the paper money as they wish (I know this is sounds ridiculous but that'sthe fact of a super power country) ... any other fiat currency like Japanese yen (JPY) Chinese yuan (CNY) they can't do that (they won't do that), why?
They are need a world bank permission, they will have a bigger chance to have a hyperinflation just like in Zimbabwe if they decide to print the money unlimitedly, but not with the United states they seems have something special I don't know what it is ... maybe we just get fooled all this time idk.

Bitcoin is indeed a form of financial freedom we needed right now, nobody get fooled here as nobody control it ...
We need to see bitcoin become mainstream as soon as possible for the better fairer world.

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September 18, 2019, 11:05:25 PM
 #13

This news made me angry Angry Why people still can not understand that the government is manipulating fiat money. Bitcoin is the solution to the problem of manipulating the state. Could this news be a signal for further support of Bitcoin instead of fiat money among US citizens?

https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/
The problem is not that people do not understand what is happening the problem is that they do not care, for example most people do not really care how their computers work and only begin to worry about them when they don't, and the same is true for the economy, and while 75 billion dollars printed out of nowhere is not a huge amount of money it is a sign of what it is to come, the next crisis is going to resemble the one that we saw in 2008 with the difference that it will be harder for countries to make the private debt of banks public as they did the last time because most countries are already highly indebted.



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September 18, 2019, 11:20:05 PM
 #14

This news made me angry Angry Why people still can not understand that the government is manipulating fiat money. Bitcoin is the solution to the problem of manipulating the state. Could this news be a signal for further support of Bitcoin instead of fiat money among US citizens?

https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/

That is because the government will do anything to support their currency, and one of the ways is by telling people that bitcoin is only for illegal things. People will think that it is right because people believe that their government won't lie to them. But soon, I think people will realize that the news is not real and they will search the truth for that and if they found that bitcoin can be a new way to make money and bitcoin is the solution to the problem, people will moves to bitcoin while they still use fiat money.

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September 18, 2019, 11:37:31 PM
 #15

Considering the systems that run both Bitcoin and US Dollar, personally I think Bitcoin is always better than US Dollar. The US Dollar system do not provide users to send or receive some amount of funds causing limitation to make some transactions, while Bitcoin's system allows users to make any transactions no matter the amount of funds being sent or received.

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September 19, 2019, 12:26:00 AM
 #16

actually not the government, but the global elite, they are the ones who govern and control the world economy,
every country that prints money is actually debt, and it must be paid.
as long as the world bank is still private, not state-owned, it will always be like this,
and actually Bitcoin is against it, just not everyone knows bitcoin,
and of course BTC is better than FIAT because no one will be able to manipulate it.

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September 19, 2019, 03:17:00 AM
 #17

I agree. Printing money will be a great financial crisis starter. Bitcoin would be able to solve this because Bitcoin isn't controlled by anyone and it is fixed in number which means it can't be printed like the US dollar. Bitcoin defeated US dollar the moment it is created because US dollar is nothing but lies and deception in it. it is not backed by anything and it has no real value. In conclusion, Bitcoin is better in anyway.

Experts say that US dollar will fall soon and investors are seeking a haven but it seems that the US citizen doesn't care much at all as long as they are being fed lies on how great US dollar is.

 


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September 19, 2019, 07:22:49 AM
 #18

If nations known that bitcoin wasn't better than their dead fiat, they wouldn't have been discussing about developing their own state backed stable coin. Even bitcoin is still better than the stable coins they plan developing. Fiat has nothing backing it save government laws, and things can turn worst for the fiat like it happened in Zimbabwe, where we saw the outright failure of money.

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September 19, 2019, 08:23:32 AM
 #19

I can't deny that dollar so far are very useful all over the world now. Dollar also controlled by each government nations.
However, in Bitcoin it is unregulated based system where no one can't able to manipulate and control it too. Only the people
who own Bitcoin can have access in it. So in terms of future it is really that Bitcoin was better than fiat currency.
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September 19, 2019, 08:26:08 AM
 #20

"Repo" my ass!

Not only does this government create money out of thin air, they also create decisions out of thin air. They make moves out of their whims! And who can say to them that 75 billion USD is illegal and has no worth? No one because the control is in their hands. They have long created a law that supports that "emergency measure."

Bitcoin does not have anything like this. In Bitcoin country, there are no lunatic rulers who want to create more Bitcoins on the spur of the moment.

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