ichai
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Worlds Simplest Cryptocurrency Wallet
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October 03, 2019, 05:03:25 PM |
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inflation and recession are frequent and I think this is normal. It doesn't say too much about the power of fiat money. For me, fiat money still has the power of liquidity now, there are many forex traders and abandon coins because of its unpredictable volatility. I know that bitcoin has a deflation mechanism but who will guarantee it if organizations manipulate it? By that time, the bitcoin value is only 0 and there will be no more features. so I still support fiat money.
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ivakar
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October 03, 2019, 05:26:52 PM |
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Inflation is usually characterized by repeated price increases and over a long period of time, especially for basic needs. Inflation is always used as the main reason for property players to raise property prices every year, even though if carefully calculated the increase in property price is higher than the increase in inflation. Some point which affected the property price increases is: demand, supply availability, investment value and the most important thing, in my opinion, is its location. So the increase in property prices is actually not due to inflation but rather triggered by other market factors.
To overcome the economic recession of each country, have different formulas and policies, by looking at the situation of each country. Not necessarily the method applied in America can be suitable and effective if implemented in Canada.
Gold and silver are still the safest choices for long-term investments even though the current trend is cryptocurrency, and the most important thing for investors is to be able to read when is the right time to invest and where to invest. Investors can see and open the opportunity.
actually the inflation is good for any government and bad for ordinary people, why? here is why it is good : the more inflation is, the turnover of money, business pays more taxes, GDP of the county is growing as well, all is good and that means that economics is in a good shape.. why it is bad for ordinary people, cause that means that prices for all products you are consuming are getting higher.. the coffee you used to buy instead of 3$ will cost 4$ and so on.. not good.
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South Park
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October 04, 2019, 03:51:47 PM Last edit: October 04, 2019, 05:30:42 PM by South Park |
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Fiat money are losing purchase power.Irony is that we had deflation in world after massive printing and rates near zero or below zero.Bitcoin is unique alternative because of his low inflation and because bitcoin independent from Central Banks.If now or near future will be inflation then i think we will have hyperinflation That case bitcoin is great I also think that dollar will lose his dominance and bitcoin is great dollar hedge.Will be time when bitcoin and gold will rise together
But the question is what will replace the dollar when it losses its dominance? Most countries of the world are facing the same problems as the US dollar and many economies are not big enough to use their currency as the reserve currency of the world, some have proposed to use a basket of currencies in order to solve that problem but that has never been tried before, the truth is that if we do not go back to a gold standard a global economic crisis is a given.
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NathanJB
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October 04, 2019, 04:06:34 PM |
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Fiat money are losing purchase power.Irony is that we had deflation in world after massive printing and rates near zero or below zero.Bitcoin is unique alternative because of his low inflation and because bitcoin independent from Central Banks.If now or near future will be inflation then i think we will have hyperinflation That case bitcoin is great I also think that dollar will lose his dominance and bitcoin is great dollar hedge.Will be time when bitcoin and gold will rise together
But the questions is what will replace the dollar when it losses its dominance? Most countries of the world are facing the same problems as the US dollar and many economies are not big enough to use their currency as the reserve currency of the world, some have proposed to use a basket of currencies in order to solve that problem but that has never been tried before, the truth is that if we do not go back to a gold standard a global economic crisis is a given. A mixture of very strong and dominant foreign currencies is another way to lessen the risk of currency reserves. This is a better way to go given that the US has entered into a number of trade issues with other strong currencies in the world. But I think this is very temporary, most probably only within the term of the current president. The gold standard is the most solid and trusted standard. That cannot be denied. Bitcoin is a far alternative for now that might hardly sell to more traditional bankers and businessmen, especially because it has already shown several times in the past that its unpredictability is both deadly and glorious.
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jrrsparkles
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October 04, 2019, 04:27:03 PM |
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We all ready see this, prices specially Property rent and buy prices are going higher.
Do You think its coused by inflation?
If so do you think the gold and btc Will be hedge?
I think the assets prices going up in Europe, USA, Australia Central Banks just started money printing those 3 countries wich i mentioned above
As we Know in canada there is about to start Economic recessions If they dont start rate cuts like USA, EU, AU just did.
Uk Economic situation is 50/50 it can go down.
Do You personally feel that Fiat Currrency losing slowly puraching power?
I do feel that, but the problem is i cant buy groceries food and daily needs with Bitcoin first i have to Exchange my btc to Fiat, so the Bitcoin and gold is Not really Solution for that problem!!
Inflation gradually decreasing the value of fiat money so yeah the purchasing power getting depleted but may not completely lose in near future.On ther other hand decentralized cryptos popped up after the economic crisis which made some changes into the economy system which makes people to think about alternative to fiat and one who understand it really never store their funds in fiat only consumer is not aware of it and we were never taught about the inflation as well.
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Febo
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October 04, 2019, 04:37:49 PM |
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Fiat money are losing purchase power.Irony is that we had deflation in world after massive printing and rates near zero or below zero.Bitcoin is unique alternative because of his low inflation and because bitcoin independent from Central Banks.If now or near future will be inflation then i think we will have hyperinflation That case bitcoin is great I also think that dollar will lose his dominance and bitcoin is great dollar hedge.Will be time when bitcoin and gold will rise together
But the questions is what will replace the dollar when it losses its dominance? Most countries of the world are facing the same problems as the US dollar and many economies are not big enough to use their currency as the reserve currency of the world, some have proposed to use a basket of currencies in order to solve that problem but that has never been tried before, the truth is that if we do not go back to a gold standard a global economic crisis is a given. So far USD was by far best against inflation. You can see it when looking at gold price. A month ago it reach new ATH in Euro, while it was still 20% below its USD ATH. And this happened in only last 8 years. Same when you check https://bitcointalk.org/index.php?topic=138109.1200 . You see USD in 2019 come on the top 50 list way after other currencies. So only in 1-2 years we see the difference.
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atjiat
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October 04, 2019, 06:29:37 PM |
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Fiat money are losing purchase power.Irony is that we had deflation in world after massive printing and rates near zero or below zero.Bitcoin is unique alternative because of his low inflation and because bitcoin independent from Central Banks.If now or near future will be inflation then i think we will have hyperinflation That case bitcoin is great I also think that dollar will lose his dominance and bitcoin is great dollar hedge.Will be time when bitcoin and gold will rise together
But the questions is what will replace the dollar when it losses its dominance? Most countries of the world are facing the same problems as the US dollar and many economies are not big enough to use their currency as the reserve currency of the world, some have proposed to use a basket of currencies in order to solve that problem but that has never been tried before, the truth is that if we do not go back to a gold standard a global economic crisis is a given. So far USD was by far best against inflation. You can see it when looking at gold price. A month ago it reach new ATH in Euro, while it was still 20% below its USD ATH. And this happened in only last 8 years. Same when you check https://bitcointalk.org/index.php?topic=138109.1200 . You see USD in 2019 come on the top 50 list way after other currencies. So only in 1-2 years we see the difference. I believe that the dollar should be included not only in the rating of the first 50 currencies, but immediately in the top five best currencies in the world. Especially in recent years, the United States of America has again shown improvements in its economy and GDP. This directly affects the value of the dollar.
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SummerBliss
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October 04, 2019, 06:36:29 PM |
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Let's break your question into two parts: Do You personally feel that Fiat Currrency losing slowly puraching power?
There is no brainer in that. In every country where inflation rate is positive, fiat currency of the respective country is surely losing purchasing power. The supply of currency is increasing more than the prices goods and services covered under CPI making currency less and less valuable. I do feel that, but the problem is i cant buy groceries food and daily needs with Bitcoin first i have to Exchange my btc to Fiat, so the Bitcoin and gold is Not really Solution for that problem!!
I disagree with you. Even though you can't fulfil daily needs with Bitcoin but it is perfect instrument to park excessive funds. For example, I have $500 and don't need them for a while, I can put them into Bitcoin and withdraw whenever required. This way, rather than keeping money idle and seeing its PP fall, I can see it growing. Converting BTC to fiat is not very time consuming process. It only takes 20-30 minutes. So investment in Bitcoin is just like ready money.
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malikusama
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October 04, 2019, 11:18:22 PM |
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Do You think its coused by inflation?
Yes of course it is caused by inflation. If so do you think the gold and btc Will be hedge?
Yes, I believe that gold and btc will be hedge at this critical point but it's not possible until the global adoption of bitcoin. Do You personally feel that Fiat Currrency losing slowly puraching power?
It's quite obvious that due to inflation currency started losing purchasing power.
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alyssa85
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October 04, 2019, 11:36:35 PM |
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I also think that dollar will lose his dominance and bitcoin is great dollar hedge.Will be time when bitcoin and gold will rise together
Lose it's dominance against what? Interest rates in the dollar zone are 2%. In Australia and the UK they're 0.75%. In the eurozone they're -0.5%. Ditto Switzerland and Sweden. Japanese interest rates are -0.1% So how on earth can the dollar lose it's dominance against all these useless weak currencies that have negative interest rates? Who on earth would park their money in euros and pay for the privilege because of negative interest rates, rather than put their money in dollars with positive rates?
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South Park
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October 09, 2019, 06:20:29 PM |
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Fiat money are losing purchase power.Irony is that we had deflation in world after massive printing and rates near zero or below zero.Bitcoin is unique alternative because of his low inflation and because bitcoin independent from Central Banks.If now or near future will be inflation then i think we will have hyperinflation That case bitcoin is great I also think that dollar will lose his dominance and bitcoin is great dollar hedge.Will be time when bitcoin and gold will rise together
But the questions is what will replace the dollar when it losses its dominance? Most countries of the world are facing the same problems as the US dollar and many economies are not big enough to use their currency as the reserve currency of the world, some have proposed to use a basket of currencies in order to solve that problem but that has never been tried before, the truth is that if we do not go back to a gold standard a global economic crisis is a given. A mixture of very strong and dominant foreign currencies is another way to lessen the risk of currency reserves. This is a better way to go given that the US has entered into a number of trade issues with other strong currencies in the world. But I think this is very temporary, most probably only within the term of the current president. The gold standard is the most solid and trusted standard. That cannot be denied. Bitcoin is a far alternative for now that might hardly sell to more traditional bankers and businessmen, especially because it has already shown several times in the past that its unpredictability is both deadly and glorious. While the gold standard will be the best way to recover the confidence of their citizens, governments will never do it unless they are forced to because they are happy with the manipulations that fiat allows them to do, they can tax people with inflation while they protect their assets, fiat allows them the possibility of not being fiscally responsible as they can always print more money to get out of their problems but that is not possible with gold and they resent it for it.
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ecnalubma
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www.Artemis.co
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October 13, 2019, 12:59:27 AM |
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Do You personally feel that Fiat Currrency losing slowly purchasing power? Yes, undeniably our countries fiat currency is losing Value since two decades ago and I believe this crisis will continue until the generation of our grandsons. It is a situation that no one can escape, sad but if the economic will not improve the balance in financial system will be hard to restore.
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South Park
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October 14, 2019, 04:43:03 PM |
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Do You personally feel that Fiat Currrency losing slowly purchasing power? Yes, undeniably our countries fiat currency is losing Value since two decades ago and I believe this crisis will continue until the generation of our grandsons. It is a situation that no one can escape, sad but if the economic will not improve the balance in financial system will be hard to restore. Since all currencies around the world are fiat and are not backed by anything this is something that is happening around the world and not only in one country, some countries have abused their power to print their currency more than others and we can see an example of this in Venezuela, but if this continues this scenario will eventually be seen all around the world and there is nothing we can do to avert it, for this reason we need to ask ourselves what we can do to protect ourselves? And investing in bitcoin is a great way to protect our wealth before the crash comes.
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