Fiat Money Losing Worth, Bitcoin and Gold Getting Important

[meliodas]

As the fiat money is losing its value, more and more people will realize that it is time to get into the Bitcoin bandwagon as a way to partially protect their wealth and investments. That time is coming soon. We who are the pioneers in cryptocurrency have many things to thank for that we are involved at the right time. 

Agreed, but Bitcoin isn't just a "bandwagon" fad, it is here to stay. More and more people learn about bitcoin daily and mass adoption continues to grow. I've seen some charts directly correlating increases in gold value with economic crises and i am predicting that pretty soon bitcoin will have a similar chart as well.

We truly are lucky as "pioneers" in this cryptocurrency revolution as all we have to do now, in a simplistic sense, is buy and wait.

Bitcoin is a good investment for those people who want to have a safe investment in cryptocurrencies. Like what you said, it is just about buy and wait for bitcoin investor but i think it would be better if they will invest in some altcoins too because they are more volatile and they have a bigger profit margin which is better for investors who don't like a slow phasing investment.

[1715367562]

1715367562

[whyrqa]

Since we live in a world of high technology, in any case, digital currencies will be recognized as the best and most profitable for non-cash payments.  But one must take into account the fact that paper money will still exist as long as it is claimed by a significant part of humanity.  Regarding gold and Bitcoin, Bitcoin still has to prove its potential in contrast to gold, since cryptocurrency today is a valuable asset for those who want to earn using high volatility, but few people worry about what the future will be about cryptocurrency and will  whether Bitcoin is used as a means of payment.

[toast]

Fiat is losing its worth because the inflation is getting over-top and it cannot be controlled anymore no wonder why even Bill Gates told that " The next money are gonna be digital money". Inflation and a new recession will make fiat loosing even more value ...and in EUROPE with Brexit on-going , EURO and LIRA will both loose value and economical value as well....

all possibilities can happen and no one can know for sure, but in my opinion fiat currency will not disappear because it is controlled by the government and the country if it is indeed possible to cooperate in the field of finance with crypto currencies and the economy will develop rapidly and that is what is desired investors in investing safely and comfortably

[jrrsparkles]

Fiat is losing its worth because the inflation is getting over-top and it cannot be controlled anymore no wonder why even Bill Gates told that " The next money are gonna be digital money". Inflation and a new recession will make fiat loosing even more value ...and in EUROPE with Brexit on-going , EURO and LIRA will both loose value and economical value as well....

all possibilities can happen and no one can know for sure, but in my opinion fiat currency will not disappear because it is controlled by the government and the country if it is indeed possible to cooperate in the field of finance with crypto currencies and the economy will develop rapidly and that is what is desired investors in investing safely and comfortably

Its true that governments don't want cryptos to take over their fiat but how can you be sure that they will allow cryptos and fiat to be in the same time which also will still affect the economy of government but using cryptos will bring other benefits like revenues from different business which may enough to convince most of the government to allow it.

[Serco]

Fiat is losing its worth because the inflation is getting over-top and it cannot be controlled anymore no wonder why even Bill Gates told that " The next money are gonna be digital money". Inflation and a new recession will make fiat loosing even more value ...and in EUROPE with Brexit on-going , EURO and LIRA will both loose value and economical value as well....

all possibilities can happen and no one can know for sure, but in my opinion fiat currency will not disappear because it is controlled by the government and the country if it is indeed possible to cooperate in the field of finance with crypto currencies and the economy will develop rapidly and that is what is desired investors in investing safely and comfortably

we will never to see fiat currency will disappear from tbe world.government use fiat as a tool that used to jnternational exchange or frade.moreover government has important role on it.but if inflation going higher and higher ,another currency will take advatages from this moment.gold and forex market will get positive affect than.

[beerlover]

Fiat money didn't started losing value recently, it has always been part of an inflation, there are people selling houses for millions of dollars that they bought for 1000 dollars. Seriously only 50-60 years ago houses were 1000 dollars and that wasn't a small number back then, it was about 1 million dollars of today, and those people or their children after those people die is selling those houses for millions.

Inflation has been a reality way before bitcoin was created. Fiat will only get more and more worthless. Do you know what changed? There is a bigger wealth gap now, there are 3 people in all of USA richer than the bottom 50% combined, no matter how you can excuse this, it is not right, back in 1950 the richest 3 person would combine for less than 10% bottom people, as you can see the difference that is a thing we MUST bring back.

[Xxmodded]

There are a lot of reasons to believe that the value of our fiat money is losing its real value. We have inflation eating into the worth of goods and services that our money can buy and although this can be controlled to a certain degree this can never be stopped nor eliminated from any economic system. Another major problem is the tendency of many central banks to just print more paper money (termed as quantitative easing which is nice to ears) and circulate them to the economy. Coupled with a high degree of economic and political uncertainties as well as lack of trust for the government, we can in an era uncharted and which repercussions can be felt in the coming years. 

In a recent interview with the Swiss newspaper NZZ a, Sonntag, Mr. Gruebel explained that negative interest rates are having an adverse effect on fiat currencies. “Negative interest rates are crazy,” he said, adding “That means money is not worth anything anymore.”

Gruebel stated that as long as interest rates remain in place, the financial industry as a whole will continue to shrink. Last month, the European Central Bank (ECB) decided to cut interest rates to -0.5% and Marilyn Watson, global fundamental bond product strategy team head at Black Rock, explained that there is potential for interest rates to go more negative, especially in Europe and in Japan.

Countries such as Venezuela or Argentina are registering very high inflation rates. While Venezuela is currently in a hyperinflationary spiral, Argentina could shortly follow Venezuela’s steps. Populist governments are printing money trying to convince their populations that owning more coloured papers would make them wealthier.

This is where gold and Bitcoin (BTC) could eventually become important for society.

Source.

As the fiat money is losing its value, more and more people will realize that it is time to get into the Bitcoin bandwagon as a way to partially protect their wealth and investments. That time is coming soon. We who are the pioneers in cryptocurrency have many things to thank for that we are involved at the right time. 

Fiat money still worth by using in traditional market with bitcoin and gold become most profitable currency for the future, if bitcoin price like today maybe many people do not agree with bitcoin as good currency because price dump, when bitcoin back again to higher price almost many investor try to make bitcoin dump and panic selling almost every investors.

[cryptoknightt]

I think fiat currency is still a lot of interest and can be used by many people it's just that fiat currency from year to year has begun to be abandoned because maybe its use is not very efficient because it will be easier if transactions using digital currencies can be easier and more fast when you want to make a transaction.

[the rise]

Quantitative easing with an emphasis on inflation also depends on the debt ratio and economic resilience to interest rates. If it is still below the normal threshold, it will not damage many things explicitly, most countries cannot handle it because it only depends on one guarantee sector. Crypto cannot solve many things just like that, this is really faced by Venezuela, I mean, cannot stabilize the national economy because of many obstacles. Recapitalization by reforming the system must be done in the long term through new sectors to improve their fiat value.

[BitHodler]

Bitcoin is soon going to be made legal all over the world and as far as paper money is concerned, people want to use both i.e. digital and fiat for their daily purposes. I guess the only solution to this problem is that make both types of currencies available to people and let them have whatever they want to use.

Both cash and digital money already existed for many years now, and that without blockchain or anything related to crypto. If there is going to be something related to crypto, it will still be issued by a government.

There is no way that we see governments use Bitcoin in any shape or form.... it makes no sense either because it resembles everything they have been trying to combat for many decades as they want to retain their full control.

The only reason people hope that governments adopt Bitcoin is that they think the price will go up a lot as result, but it's not realistic at all.... they haven't hoarded gold to not use that as backing. It will be used eventually, not Bitcoin.

[ivakar]

Federal Reserve speed up money injection to the economics, not sure that will be enough
now REPO overnight increased to 120 billion, from 75 billion in the beginning of the month

https://www.cnbc.com/2019/10/23/fed-repo-overnight-operations-level-to-increase-to-120-billion.html

[webtricks]

Since we live in a world of high technology, in any case, digital currencies will be recognized as the best and most profitable for non-cash payments.  But one must take into account the fact that paper money will still exist as long as it is claimed by a significant part of humanity.  Regarding gold and Bitcoin, Bitcoin still has to prove its potential in contrast to gold, since cryptocurrency today is a valuable asset for those who want to earn using high volatility, but few people worry about what the future will be about cryptocurrency and will  whether Bitcoin is used as a means of payment.

Which potential are you talking about? To be used as a mean of payment? If yes then even gold hasn't been a perfect instrument for payment for all these years. During old times, gold coins were in circulation. Kingdoms used to impress their emblem on such coins making them official mode of payment. But as the time progress, people realized that something valuable can't be used for payment. It was leading to the violation of double coincidence of wants because money's intrinsic value was conflicting money's representational value.
Hence the world has shifted to currency notes which have very low intrinsic value but gets value due to the backing from government. Modern economy can only sustain on something like fiat currency. Both gold and btc are not viable options to be used as means of payment.

[White Christmas]

It is obvious that more people around the world are turning into saving cryptocurrencies instead of fiat and local currencies. Gold is a traditional asset and it is trusted by many people, but nowadays the financial revolution is represented in blockchain technology and cryptocurrency, and people are building trust with time on these assets too.

Many people will really choose to invest their money into a safest and it would be gold because time passes by gold will increase its price and the supply of gold will be lessen so the demand of it will increase. Due to the globalization and the faster grow of the technology, blockchain is also consider to be the one of the most good technology which we can get money into. Fiat will not still losing worth it is just became many people are intent to use crypto and bitcoins.

[Kambal2000]

It is obvious that more people around the world are turning into saving cryptocurrencies instead of fiat and local currencies. Gold is a traditional asset and it is trusted by many people, but nowadays the financial revolution is represented in blockchain technology and cryptocurrency, and people are building trust with time on these assets too.

Many people will really choose to invest their money into a safest and it would be gold because time passes by gold will increase its price and the supply of gold will be lessen so the demand of it will increase. Due to the globalization and the faster grow of the technology, blockchain is also consider to be the one of the most good technology which we can get money into. Fiat will not still losing worth it is just became many people are intent to use crypto and bitcoins.

Gold if fine for me, and I really love collecting jewelries as my way  of investment, so that when time comes that I need fund, I have gold on hand that I can sell anytime without any hustle. I am also investing some of my earnings in Bitcoin, but not too long, if I have profit enough, then I am withdrawing it and buying again, I am not waiting for 100% profit, I am just doing short term investing.

[ufaiz50]

Fairly high inflation every year often occurs in almost all countries. I agree that continuous value refinement will force the government to choose other alternatives. Goverment seeing bitcoin? I don't think so. In my point of view gold is more trusted by the government, and also the government might adopt blockchain technology instead of bitcoin.

[Wintersoldier]

Gold if fine for me, and I really love collecting jewelries as my way  of investment, so that when time comes that I need fund, I have gold on hand that I can sell anytime without any hustle. I am also investing some of my earnings in Bitcoin, but not too long, if I have profit enough, then I am withdrawing it and buying again, I am not waiting for 100% profit, I am just doing short term investing.

For me, I prefer on investing on bitcoin that much compared to gold, though, one of the factors is that, I don't want people to know where I am investing physically, so, bitcoin for me is so open, yet, so secured and in addition, volatility is so massive. In this case, we may not be sure for the future of bitcoin, but with the indications that it has showing now induces the feeling of excitement for us, investors and normal traders here on cryptocurrency space.

[Magkirap]

There are a lot of reasons to believe that the value of our fiat money is losing its real value. We have inflation eating into the worth of goods and services that our money can buy and although this can be controlled to a certain degree this can never be stopped nor eliminated from any economic system. Another major problem is the tendency of many central banks to just print more paper money (termed as quantitative easing which is nice to ears) and circulate them to the economy. Coupled with a high degree of economic and political uncertainties as well as lack of trust for the government, we can in an era uncharted and which repercussions can be felt in the coming years.  

In a recent interview with the Swiss newspaper NZZ a, Sonntag, Mr. Gruebel explained that negative interest rates are having an adverse effect on fiat currencies. “Negative interest rates are crazy,” he said, adding “That means money is not worth anything anymore.”

Gruebel stated that as long as interest rates remain in place, the financial industry as a whole will continue to shrink. Last month, the European Central Bank (ECB) decided to cut interest rates to -0.5% and Marilyn Watson, global fundamental bond product strategy team head at Black Rock, explained that there is potential for interest rates to go more negative, especially in Europe and in Japan.

Countries such as Venezuela or Argentina are registering very high inflation rates. While Venezuela is currently in a hyperinflationary spiral, Argentina could shortly follow Venezuela’s steps. Populist governments are printing money trying to convince their populations that owning more coloured papers would make them wealthier.

This is where gold and Bitcoin (BTC) could eventually become important for society.

Source.

As the fiat money is losing its value, more and more people will realize that it is time to get into the Bitcoin bandwagon as a way to partially protect their wealth and investments. That time is coming soon. We who are the pioneers in cryptocurrency have many things to thank for that we are involved at the right time.  

I dont think it was loosing its worth, fiat are the only currency that is regulated by the government and the one that we are using in our everyday life. Although cryptocurrencies are trending today, it is still on the adoption phase and is not totally accepted by the people. In the case of Gold, we can say that it was more interesting than fiat crurrency but still it stands as an asset not like a real currency that we can use in our everyday life. Same goes with Bitcoin and cryptos.

[barabarian1]

yes you are right our OP are lucky people to have entered into bitcoin and cryptocurrency. because we realized earlier that there was no point in accumulating fiat money because it would later be eroded by high inflation. we better buy bitcoin whose price can increase in the future. bitcoin can be used as an investment tool and a good store of value. unfortunately not everyone understands bitcoin and cryptocurrrency. so they still continue to rely on fiat money.

[Visbay]

It is obvious that more people around the world are turning into saving cryptocurrencies instead of fiat and local currencies. Gold is a traditional asset and it is trusted by many people, but nowadays the financial revolution is represented in blockchain technology and cryptocurrency, and people are building trust with time on these assets too.

Many people will really choose to invest their money into a safest and it would be gold because time passes by gold will increase its price and the supply of gold will be lessen so the demand of it will increase. Due to the globalization and the faster grow of the technology, blockchain is also consider to be the one of the most good technology which we can get money into. Fiat will not still losing worth it is just became many people are intent to use crypto and bitcoins.

But if you compare hold and crypto I would vote for crypto blockchain because we know good had always just temporary importance but crypto has permanent one that’s why I like to invest my money in crypto  it gives us chances to buy at low price and sell high and it increases the price even in days on another hand fiat now is being used only in few countries as only currency otherwise mostly are using crypto.

[fiulpro]

I don't think is actually important , since you should understand that right now the Bitcoins is hitting low and so is everything else too , also gold is becoming Something of the past , since we are now a days moving onto new precious metals and all .
Fiat will be important for everyone no matter what ,  because at the end it is the one supporting everyone , since we know that already how many people are living in poverty how this world works is We need to connect everyone and I don't think they could buy gold and other cryptocurrencies.