Hallmader
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December 28, 2019, 03:02:19 AM |
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Hi i'm monolica คาสิโนA quick history of currencies and paper money shows that money began as a deposit of a certain value of gold/silver and then turned into a representation of the promises of those who issue it. Looking at the US dollar, it has lost more than 90% of its value, making all paper currencies a bad example of a "store of value." "I do not want to mention the scenario that happened in the state of Venezuela or Germany after the war." sagameNot all cryptocurrencies are store of value. Others are stablecoins so they are not considered as store of value because their value will not rise too far from the currency they are pegged at. Fiat money is never a store of value because their value is depreciating. Bitcoin is a store of value just like gold because its value is not falling just like fiat.
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barabarian1
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December 28, 2019, 03:51:52 AM |
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now the US dollar has lost its value because they print too many dollars. this proves that fiat money is not a good store of value because it is eroded by inflation. and some countries are now beginning to plan to re-use gold and silver. before fiat money was printed humans had used gold and silver for payment and value-saving. and now there is also cryptocurrency which can also be an alternative payment tool and can also be used to invest and store value.
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abhiseshakana
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December 28, 2019, 10:35:15 AM |
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Yes, this is how the value of the currencies were determined. Another thing every country cannot print currencies on their own, there is certain criteria of depositing gold and based on that specific value currencies were issued or printed. This isn't followed, countries release of their own which finally ends with inflation and economic collapse.
Not all countries, America can print money without backing up of gold. Indeed, the state can manipulate the value of a currency but its fluctuations are influenced by fluctuations in demand and supply (Demand and Supply) against currencies. Currency will tend to rise if demand exceeds supply, whereas when the number of supply is more than demand, the value of the currency will tend to fall. The problem often faced by the Central Bank is the difficulty of adjusting the supply of money for needs related to business transactions. In dealing with speculative money demand, the central bank will adjust interest rates so that an investor can buy back his currency if interest rates are already higher. In the short term, the negative effects of unfavorable exchange rate changes will only be felt by employers. But if left unchecked, it can be a time bomb for all levels of society in a country. Therefore, the central bank will issue certain policies to control currency fluctuations that are out of control. Government intervention is not aimed at manipulation but on exchange rate stability.
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EdvinZ
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December 28, 2019, 10:43:47 AM |
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Fiat currencies are not a suitable tool to preserve the value of your financial well-being. For this purpose, gold, stocks, investment in promising startups, real estate and cryptocurrencies are best suited. Any Fiat money is prone to inflation, which devalues them, so they are only suitable for daily payments.
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deisik
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December 28, 2019, 09:05:27 PM |
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The problem often faced by the Central Bank is the difficulty of adjusting the supply of money for needs related to business transactions. In dealing with speculative money demand, the central bank will adjust interest rates so that an investor can buy back his currency if interest rates are already higher Well, it's not quite how it works in today's world As in today's world most money is created by commercial banks through credit. It is actually a fascinating system as money gets created when the economy most needs it ("for needs related to business transactions") as well as destroyed as soon as the latter doesn't need it any more. Indeed, the central bank still plays a significant role in this process, but it only interferes if the system gets out of balance and can't readjust itself on its own
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senin
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December 29, 2019, 07:32:46 AM |
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Hi i'm monolica คาสิโนA quick history of currencies and paper money shows that money began as a deposit of a certain value of gold/silver and then turned into a representation of the promises of those who issue it. Looking at the US dollar, it has lost more than 90% of its value, making all paper currencies a bad example of a "store of value." "I do not want to mention the scenario that happened in the state of Venezuela or Germany after the war." sagameYour reasoning is a little wrong. National currencies do not replace gold and silver. National currencies, along with gold and silver, replace commodity values. Therefore, the national money of the states as one of the functions fulfill the role of a means of storing value. The same function should be performed by cryptocurrency. True, due to the high price volatility, the implementation of this function by cryptocurrency is very problematic.
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Oneandpure
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December 29, 2019, 08:48:26 AM |
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now the US dollar has lost its value because they print too many dollars. this proves that fiat money is not a good store of value because it is eroded by inflation. and some countries are now beginning to plan to re-use gold and silver. before fiat money was printed humans had used gold and silver for payment and value-saving. and now there is also cryptocurrency which can also be an alternative payment tool and can also be used to invest and store value.
Lost value because USD always have inflation value every year and now become chance for bitcoin to raise back and adopted by many countries, bitcoin have show to public how many people can get profit if using bitcoin and altcoin as legal currency payment, without know whit inflation value can give positive points for bitcoin on public eyes.
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| │ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███▀▀▀█████████████████ ███▄▄▄█████████████████ ███████████████████████ ███████████████████████ ███████████████████████ █████████████████████ ███████████████████ ███████████████ ████████████████████████ | ███████████████████████████ ███████████████████████████ ███████████████████████████ █████████▀▀██▀██▀▀█████████ █████████████▄█████████████ ████████▄█████████▄████████ █████████████▄█████████████ █████████████▄█▄███████████ ██████████▀▀█████████████ ██████████▀█▀██████████ ▀███████████████████▀ ▀███████████████▀ █████████████████████████ | | | O F F I C I A L P A R T N E R S ▬▬▬▬▬▬▬▬▬▬ ASTON VILLA FC BURNLEY FC | │ | | │ | | BK8? | | | █▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . PLAY NOW | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ |
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Shimmiry
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★Bitvest.io★ Play Plinko or Invest!
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December 29, 2019, 09:27:52 AM |
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now the US dollar has lost its value because they print too many dollars. this proves that fiat money is not a good store of value because it is eroded by inflation. and some countries are now beginning to plan to re-use gold and silver. before fiat money was printed humans had used gold and silver for payment and value-saving. and now there is also cryptocurrency which can also be an alternative payment tool and can also be used to invest and store value.
Lost value because USD always have inflation value every year and now become chance for bitcoin to raise back and adopted by many countries, bitcoin have show to public how many people can get profit if using bitcoin and altcoin as legal currency payment, without know whit inflation value can give positive points for bitcoin on public eyes. In the different country, there is a rule that you don't just store your physical money and kept it all the time; it is better to put it in the bank than holding it for a long time because the government wants that money all over the country must be balanced. Try to invest your money into gold or cryptocurrency because today, one of the excellent ideas to avoid this kind of case of holding real money is to put in digital currency. Even the price is volatile; still, there is a chance that it will bring you a profit when the currency rises.
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asus09
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December 31, 2019, 04:36:40 PM |
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now the US dollar has lost its value because they print too many dollars. this proves that fiat money is not a good store of value because it is eroded by inflation. and some countries are now beginning to plan to re-use gold and silver. before fiat money was printed humans had used gold and silver for payment and value-saving. and now there is also cryptocurrency which can also be an alternative payment tool and can also be used to invest and store value.
Lost value because USD always have inflation value every year and now become chance for bitcoin to raise back and adopted by many countries, bitcoin have show to public how many people can get profit if using bitcoin and altcoin as legal currency payment, without know whit inflation value can give positive points for bitcoin on public eyes. In the different country, there is a rule that you don't just store your physical money and kept it all the time; it is better to put it in the bank than holding it for a long time because the government wants that money all over the country must be balanced. Try to invest your money into gold or cryptocurrency because today, one of the excellent ideas to avoid this kind of case of holding real money is to put in digital currency. Even the price is volatile; still, there is a chance that it will bring you a profit when the currency rises. My country not allowed using bitcoin as currency payment because bitcoin still claimed as illegal payment digital transaction, many store not accepted bitcoin as their payment transaction and government only allowed using bitcoin or altcoin as investment way, maybe for several years later my country will allowed for using bitcoin as legal currency digital payment.
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Wexlike
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December 31, 2019, 07:09:16 PM |
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now the US dollar has lost its value because they print too many dollars. this proves that fiat money is not a good store of value because it is eroded by inflation. and some countries are now beginning to plan to re-use gold and silver. before fiat money was printed humans had used gold and silver for payment and value-saving. and now there is also cryptocurrency which can also be an alternative payment tool and can also be used to invest and store value.
Lost value because USD always have inflation value every year and now become chance for bitcoin to raise back and adopted by many countries, bitcoin have show to public how many people can get profit if using bitcoin and altcoin as legal currency payment, without know whit inflation value can give positive points for bitcoin on public eyes. In the different country, there is a rule that you don't just store your physical money and kept it all the time; it is better to put it in the bank than holding it for a long time because the government wants that money all over the country must be balanced. Try to invest your money into gold or cryptocurrency because today, one of the excellent ideas to avoid this kind of case of holding real money is to put in digital currency. Even the price is volatile; still, there is a chance that it will bring you a profit when the currency rises. My country not allowed using bitcoin as currency payment because bitcoin still claimed as illegal payment digital transaction, many store not accepted bitcoin as their payment transaction and government only allowed using bitcoin or altcoin as investment way, maybe for several years later my country will allowed for using bitcoin as legal currency digital payment. Where are you from ? Here in Germany it is basically on par to foreign fiats. Also tax free after 12 months of holding.
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yulionoo
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January 01, 2020, 09:33:04 AM |
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Fiat money is not a store of value because it is always affected by inflation. Fiat money is only suitable for use as a medium of exchange or payment instrument, not a store of value or an investment tool. but some people have also used US dollars as a store of value. and when the dollar weakens they will suffer a loss. so the best value-saving device with a small risk of loss is gold. the value of gold every year always increases. and bitcoin can also be used as a store of value but the risk is large if the price of bitcoin goes down then the value of our assets will decrease.
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abeecrypto
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January 01, 2020, 10:01:03 PM |
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Of course. Virtually everything is a store of value. It’s just the nature of the stored value that differs Based on the variation on the value of currencies, one could say, generally, currencies are a poor store of value. But some currencies are a better store of value than the other. There can never be a perfect store of value. Be it in digital or physical form. It's about choosing which is better.
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awik p
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Pepemo.vip
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January 02, 2020, 03:35:11 AM |
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Fiat money is not a store of value because it is always affected by inflation. Fiat money is only suitable for use as a medium of exchange or payment instrument, not a store of value or an investment tool. but some people have also used US dollars as a store of value. and when the dollar weakens they will suffer a loss. so the best value-saving device with a small risk of loss is gold. the value of gold every year always increases. and bitcoin can also be used as a store of value but the risk is large if the price of bitcoin goes down then the value of our assets will decrease.
right, currency is not a suitable tool for storage, inflation which causes its value to decrease. indeed gold is safer for storage or investment, but bitcoin offers higher returns despite having a high risk. or there are still more options, we can save it in the form of property, but requires large capital
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redsun114
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January 02, 2020, 03:03:38 PM |
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A quick history of currencies and paper money shows that money began as a deposit of a certain value of gold/silver and then turned into a representation of the promises of those who issue it. Looking at the US dollar, it has lost more than 90% of its value, making all paper currencies a bad example of a "store of value." "I do not want to mention the scenario that happened in the state of Venezuela or Germany after the war." sagameMy dear, you may use all the commodities as a store of value still there is no guarantee that whatever you’re using to store your value will make your value increase, there are chances that it can decrease. There are people who make use of gold to store their value, gold does not only increase, it can as well decrease. Anything stocks, assets, or currencies can be used as a store for value, and they are either going to increase in value or decrease. I make use of Dollars as a store for value and I also use Bitcoin, ETH, and Gold but my colleagues only make use of Dollars, none of them are interested in Gold or Bitcoin, it is up to their personal preferences for example.
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South Park
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January 08, 2020, 08:27:37 PM |
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the government decides the value of currencies which is why its not volatile as it is. the government also decides its volatility by not or printing more of it. now that we know 90% of its value were lost, what was lost in BTC when its growing exponentially over the years of existence? due to it people are already considering BTC as investment not even a currency. the adoption had helped it grow.
No, they believe they can tell you what is the value of their currencies but that is not true, the ones that decide that are the people, so even if a government tells you that one dollar should be enough to buy a product if they have printed too many of them then people could decide that you need 5 or even 10 dollars to actually buy that product, this is called price controls and have been tried through history and this has not worked a single time.
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Ozero
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January 09, 2020, 06:06:46 AM |
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So far, it can be said that gold, jewelry, antiques, and in many cases real estate, are a good repository of value. Regular currency is subject to inflation, and cryptocurrency has a very high price volatility and has not yet been fully studied over a long period of time. In many cases, the choice of a means of storage of value should depend on the country of residence.
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deisik
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January 09, 2020, 10:50:32 AM |
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A quick history of currencies and paper money shows that money began as a deposit of a certain value of gold/silver and then turned into a representation of the promises of those who issue it. Looking at the US dollar, it has lost more than 90% of its value, making all paper currencies a bad example of a "store of value." "I do not want to mention the scenario that happened in the state of Venezuela or Germany after the war." sagameMy dear, you may use all the commodities as a store of value still there is no guarantee that whatever you’re using to store your value will make your value increase, there are chances that it can decrease. There are people who make use of gold to store their value, gold does not only increase, it can as well decrease. Anything stocks, assets, or currencies can be used as a store for value, and they are either going to increase in value or decrease Most commodities are useless as a store of value That's simply because they quickly lose their market value following the loss of consumer properties over time. Why d'ya think gold has become such a damn good store of value? Because it doesn't lose its shine and appeal over centuries, and it is virtually indestructible at that. Your car loses half of its remaining value with each year of driving, and it is the same with other goods. Yes, there are vintage cars which only get more expensive with age (among a few other things like antiques) but these are rare and far in between, confirming the rule rather than breaking it
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Twentyonepaylots
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January 09, 2020, 05:15:51 PM |
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Fiat currencies are not a suitable tool to preserve the value of your financial well-being. For this purpose, gold, stocks, investment in promising startups, real estate and cryptocurrencies are best suited. Any Fiat money is prone to inflation, which devalues them, so they are only suitable for daily payments.
Indeed, and it is not just the US dollar that got eroded of its value over time. Most fiat currencies do. This happens because of inflation and numerous other factors affecting the price of fiat. Whereas with bitcoin this could rarely happen because of the fact that you would need to at least tamper the 21 million coins available for grabs in order to get it. Which is already a hard task in itself.
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South Park
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January 14, 2020, 06:46:27 PM |
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So far, it can be said that gold, jewelry, antiques, and in many cases real estate, are a good repository of value. Regular currency is subject to inflation, and cryptocurrency has a very high price volatility and has not yet been fully studied over a long period of time. In many cases, the choice of a means of storage of value should depend on the country of residence.
Gold, jewelry and antiques are a good way to store value, but real estate is not, historically when the currency and the economy of a country is going through some problems the price of real estate goes down, this is because several factors, to begin with houses are much bigger than in the past, so in difficult situations families can accept to live with each other and save money that way reducing the demand for real estate, also when the economy is not doing well the economic activity goes down reducing the demand businesses have for real estate as well.
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atjiat
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January 16, 2020, 06:03:14 PM |
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So far, it can be said that gold, jewelry, antiques, and in many cases real estate, are a good repository of value. Regular currency is subject to inflation, and cryptocurrency has a very high price volatility and has not yet been fully studied over a long period of time. In many cases, the choice of a means of storage of value should depend on the country of residence.
Gold, jewelry and antiques are a good way to store value, but real estate is not, historically when the currency and the economy of a country is going through some problems the price of real estate goes down, this is because several factors, to begin with houses are much bigger than in the past, so in difficult situations families can accept to live with each other and save money that way reducing the demand for real estate, also when the economy is not doing well the economic activity goes down reducing the demand businesses have for real estate as well. If we take into account the simple person who accumulates his savings thanks to small incomes, then such people very rarely buy gold bullion or precious stones. But if you take into account real estate as an investment, then both commercial real estate and residential real estate can be used for rental purposes. Thus, a person will save his money in his property, and will also receive a certain monthly income.
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