Fiat currency value and Economy debt

[darewaller]

I think that you are looking at it from the lame man side, I know that price crash is inevitable, as far as we have traders in the market that are always making a buy and sell order, so we will always see these rise and fall, but for bitcoin to crash and zero when it reaches the peak is something that I think will never be possible because there will always be people that will be making purchase of bitcoin as the price grows, and that time too, bitcoin would have equally become a stable coin that people would want to hold it as a store of value.

Therefore, not everyone would just dump their coin for it to crash and for a price to dump, someone must be willing to sell, while someone will be willing to buy, if you have bitcoin and nobody has the need for it then, how would the money enter your bank for the whole people to now cash out their btc.

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[fiulpro]

I think anything that have some value like gold , oil , stocks , Fiat , cryptocurrencies ANYTHING is something that would support the economic breakdown , also debt is sometimes a little hard for everyone but you should understand that there is nothing better than Fiat in these cases , yes it's more or so stable and relative .. it might loose the value but you should understand that it is very important for everyone in the country individually , everyone needs Fiat ... everyone!

[teosanru]

I think after economy  boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k.  Even 1 milj.... But at the end it will crash. 
And after crash the fiat currency Will have biggest purache power.  Crypto Will be zero. 


The point is that  debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

Actually this is a hypothetical situation which is really irrelevant. It's because fiat isn't debt from banks it's a debt from governments whom people will trust no matter what. So even if in case end of huge debt there would be no need of any sort payment as most of it is merely IOU. Your second question too is hypothetical. In case of boom asset owners do grow and this is what we call boom itself. You can't just say boom doesn't grows money for masses because it does creates jobs as investments increase. Moreover these thinks are bound to happen no matter what.

[Wintersoldier]

I think anything that have some value like gold , oil , stocks , Fiat , cryptocurrencies ANYTHING is something that would support the economic breakdown , also debt is sometimes a little hard for everyone but you should understand that there is nothing better than Fiat in these cases , yes it's more or so stable and relative .. it might loose the value but you should understand that it is very important for everyone in the country individually , everyone needs Fiat ... everyone!

What about if we consider the idea of incorporating cryptocurrency. to be a subsitute or even to replace physical money entirely. Maybe it is not possible at this moment, but as time passes by, adoption of cryptocurrency will make it possible. We all know that there's no fast change in system, everythung take it slow at first but when crypto becomes so widely shared that even purchasing a single item requires crypto, then it is the time that government should start an action about it. We know government is already thinking about this possibilities, what we need to do is to keep it clean, contribute and consistently utilize crypto as I know it has a potential to save one's economy.

[error08]

During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted

So in my opinion Bitcoin Can Go up like 100k to 500k.  Even 1 milj.... But at the end it will crash. 
And after crash the fiat currency Will have biggest purache power.  Crypto Will be zero. 

Just in your fantasy, it's in real life, come on..
Some of your imaginations will not ever happen.
Nevertheless, I do agree about bitcoin has the chance to reach $100k to $500k but will not crash to zero.
Fiat currency's value depends on the government regulation maintains its value, it will have bigger purchase power if the economics grows positively and the price of goods and commodities goes down.

[andycarrol]

indeed it feels very easy when you talk about world economic conditions but you have to know that the cryptocurrency economy will not be able to promise, I feel safer fiat because fiat is still able to survive until now and can be used by many people to make payments and supplies as well so much that prices have remained stable.

[dothebeats]

I think after economy  boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k.  Even 1 milj.... But at the end it will crash. 
And after crash the fiat currency Will have biggest purache power.  Crypto Will be zero. 


The point is that  debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

Fiat currencies are the failed financial tools that the Western world has introduced to this world. There's no paying that $200-T global debt and countries would just resort to violence and wars just so they wouldn't be able to cover up that debt. Quantitative easing also proved to be the most destructive financial technique introduced in the 21st centuries, oftentimes leading to economic collapses and recessions. The only thing that can save the world from such future crises is to overhaul the system, but then again we know this wouldn't happen knowing how most countries loved the control fiat currencies give them on their economy and on their citizens.

[Doell]

it will not be real everyone will not be in debt mate ,the power of fiat will not drive people crazy and choose fiat because its hard to put in a your wallet ,everyone wants to find convenience not looking big trouble everyone wants to be safe and bitcoin is the safest so bitcoin will not be zero ,world economy will not be in ruins that will make everyone debted

[Silberman]

I think after economy  boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k.  Even 1 milj.... But at the end it will crash. 
And after crash the fiat currency Will have biggest purache power.  Crypto Will be zero. 


The point is that  debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

Fiat currencies are the failed financial tools that the Western world has introduced to this world. There's no paying that $200-T global debt and countries would just resort to violence and wars just so they wouldn't be able to cover up that debt. Quantitative easing also proved to be the most destructive financial technique introduced in the 21st centuries, oftentimes leading to economic collapses and recessions. The only thing that can save the world from such future crises is to overhaul the system, but then again we know this wouldn't happen knowing how most countries loved the control fiat currencies give them on their economy and on their citizens.

The elite has no reason to overhaul the system because they are the winners and when it crashes then they will try to put in place a system that benefits them even more than the one that we have right now, this is why bitcoin and cryptocurrencies in general are important, it gives to us the option to adopt their system or to adopt an independent system that they cannot control, and if you are in this forum then it is obvious the choice we will take when that time comes.

[mersal]

I think after economy  boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k.  Even 1 milj.... But at the end it will crash. 
And after crash the fiat currency Will have biggest purache power.  Crypto Will be zero. 


The point is that  debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

If there is an economy slow down the ale of fiat will never go higher but it will go on the other side,we may get the better value for our native currency if we convert out USD based assets or the cryptos to local fiat.Crypto is not yet faced any economic crisis so no one can predict what will happen to the prices if there is any in the future but its wrong that fiat will have more value.

[SummerBliss]

I think after economy  boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k.  Even 1 milj.... But at the end it will crash. 
And after crash the fiat currency Will have biggest purache power.  Crypto Will be zero. 

The point is that  debt and quantive easing will Give at the End More value to fiat currency!
So those who talking about fiat currency devaluatiion or so You are all wrong.

You started with logical thinking but ended up messing everything.
During boom, more money is generated in the economy, correct! But all this money doesn't go in the hand of asset owners. Rather it is distributed among all factors of production namely capital, land, labour and entrepreneurship. Land owners get rent, Entrepreneurs get profits, salary workers get salary/wages and capital providers get interest. So money is not just tap in the hands of rich, rather it is distributed among everyone. And when bear market returns, everyone face recession, even rich as their assets' value depreciate too.

[justdimin]

Well, OP didn't mention anything about an economics degree but looking at his prediction I can easily tell you that he didn't studied economics at all. I in fact guarantee that polo7 hasn't seen a single class of economics in his life or even if he had something as basic as econ101 type of class he didn't really pass with a good grade. Hell I go even further by saying he never had a proper math grade neither.

ALL the things he said are wrong, like not even a single true part of it, not even partially right part of any of them, all of them 100% wrong, not even a %0.1 right part in %0.1 of it. Its good tho, the people like polo7 who sell means the more money we get for cheap and the cheaper we get the richer we get when price goes up, I see this as an absolute win.

[the rise]

High demand because the factors revealed will increase the value of the currency, it is true for fiat. But there is nothing related to permanent policy in bitcoin so it's very different. bitcoin always evaluates prices so that they will never be zero.
Currency devaluation does not affect anything, but it is useful to rearrange the influence of the central economy and focus on GDP, the rest depends on economic policy and governance. this explanation is suitable for macroeconomics. and you also have to look at the micro side related to investment because not everything will go parallel and only focus on debt.

[Polo7]

Fiat Can't fall its simply just mean for Exchange value between People.

The End loser is economy... And the People

[yulionoo]

I think after economy  boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k.  Even 1 milj.... But at the end it will crash. 
And after crash the fiat currency Will have biggest purache power.  Crypto Will be zero. 


The point is that  debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

I think you think too far. don't think too often about things that haven't happened yet and far from reality. currently a bitcoin price of $ 9k is possible when bullrun bitcoin will reach $ 20k - $ 30k. You say $ 100k - $ 500 I think that's too high.
and if a country has a lot of debt it can cause a country to experience inflation and make fiat currencies worthless.

[Silberman]

Fiat Can't fall its simply just mean for Exchange value between People.

The End loser is economy... And the People

Fiat can fall, and it can fall in two different ways, it can be a slow process in which fiat begins to lose its value, this is called inflation, and your fiat buys less and less products and services as time passes on, the second way in which it can fall is that it fails completely and people lose confidence in it to the point they do not accept it anymore, this happened in Zimbabwe and even the government recognized that they could not print their own currency anymore, they are trying to introduce their currency once again but if they do what they did in the past then the same will happen.

[huu78]

Does bitcoin go up properly? Crash due to many more sales requests in the purchase appeal? Bitcoin crashes could not significantly make the value of a moving fiat currency.
And Crypto will not be 0 if there is still a purchase request and it is unlikely to happen. I am not good at economic problems but everyone can argue.

[tenakha]

I think after economy  boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.

So in my opinion Bitcoin Can Go up like 100k to 500k.  Even 1 milj.... But at the end it will crash. 
And after crash the fiat currency Will have biggest purache power.  Crypto Will be zero. 


The point is that  debt and quantive easing will Give at the End More value to fiat currency!

So those who talking about fiat currency devaluatiion or so You are all wrong.

What if the BTC itself will be used as payment until that time? Now replace the fiat money with BTC and consider the new scenario.

Also, when the BTC reaches 500k, it will reach 9,000,000,000,000 USD, which is a huge number. The following numbers are the amount of physical money available in the world, now calculate yourself.

There is approximately $36.8 trillion worth of physical money around the world.

Source: https://www.worldatlas.com/articles/how-much-money-is-there-in-the-world.html

[riso2015]

Fiat money will eventually crash and become worthless, If people will use Bitcoin to transact in their daily lives then I believe fiat money will soon disappear. If later all countries would adopt Bitcoin and they would repay state debt using Bitcoin, I think it could happen in the future then fiat money will be worthless.

[Yatsan]

Fiat money will eventually crash and become worthless, If people will use Bitcoin to transact in their daily lives then I believe fiat money will soon disappear.

Fiat is essential for one's countries economics to function correctly. Tax is needed for a country to develop. And there's no way you can use bitcoin in a daily transaction lol. Using bitcoin for micro-transaction is just a waste of money because of the fee, and not all people have a cellphone or internet. Fiat is needed for everyday use.

If later all countries would adopt Bitcoin and they would repay state debt using Bitcoin, I think it could happen in the future then fiat money will be worthless.

Bitcoin is just like any other currency. Don't treat it like an ultimate currency to pay for your countries debt. lol