$6,000,000,000,000 of helicopter money is coming

[Wind_FURY]

This WON'T end well for the U.S. economy in 10 years. Bitcoin will be on 6 digits by that time. Educate the masses where they should be HODLING their money, not in a savings account, BITCOIN.

https://brrr.money

[1715632783]

1715632783

[NeuroticFish]

Nice music. I think that you may have taken into account only US dollar/US printing machine.
Don't forget about ECB and many national banks doing the same.

[aysg76]

Lol.
It was fun playing around the speedometer though. Felt like my laptop was shaking itself.

The page itself is an informative if someone does understand what you wanna say. Holding is the best strategy since 11 years now and those who have held it since then are playing in billions now.

Seen so many topics calling for HOLD strategy and how they built their wealth in easiest possible way.

Great way to spread awareness.

[exstasie]

Think about this:

$6 Trillion Dollars
            ÷
130,000,000 U.S households
--------------------------------
 = $46,153.84 per household

Meanwhile the stimulus checks they are sending out are $1,200 or less per person. Epic! People are getting their future sold down the river in the biggest bailout in history, for 1200 bucks of printed money in their bank accounts. How far is that going to get them?

[Sadlife]

Imagine $6 trillion dollars will be put to Bitcoin it would really pump the price to $330,000. Sooner or later we'll be seeing history repeats itself which is another great depression that is much worse compared to 1933 recession. And recently the FDIC announced in twitter to not panic cash out their money in the banks because it's perfectly safe, which is obviously is not.

[Ucy]

Think about this:

$6 Trillion Dollars
            ÷
130,000,000 U.S households
--------------------------------
 = $46,153.84 per household

Meanwhile the stimulus checks they are sending out are $1,200 or less per person. Epic! People are getting their future sold down the river in the biggest bailout in history, for 1200 bucks of printed money in their bank accounts. How far is that going to get them?

Is the whole thing really going to 130,000,000 households or businesses or both?
If you give that much to households, and they spend it the wrong way, you end up achieving little.
Imagine people spending $100 for something many depend on, that initially cost $5  and are hard to produce quickly.      Hopefully companies don't start producing easy-to-make "substandard"/low quality foods, chicken, drugs, etc to meet demands.

The wise could use that amount for rearing animals, farming, and producing basically self-sustaining, quality, easy-to-source/natural products that are  independent of the "big centralized whole"

[joniboini]

This 'money counter go brr' meme is spreading rapidly. I just realized it went viral after I found a meme on 9gag.

And recently the FDIC announced in twitter to not panic cash out their money in the banks because it's perfectly safe, which is obviously is not.

Obviously. They don't want inflation to happen so their strategy becomes wordless as soon as it goes live.

Meanwhile, bitcoin is going strong.

[avikz]

Printing of free money will definitely not go well with US economy and it will also endanger the economy of many other countries dependent on US donations. While the purchasing power of USD will go down due to this reason, the global businesses will be hit, especially in production sector and import-export related sector. Because the main currency of these businesses is USD. So a global recession will be seen post this Covid-19 situation.

There are two way outs - either Gold or Bitcoin! I expect both of these assets to sky rocket soon after this current situation.

[Wind_FURY]

Think about this:

$6 Trillion Dollars
            ÷
130,000,000 U.S households
--------------------------------
 = $46,153.84 per household

Meanwhile the stimulus checks they are sending out are $1,200 or less per person. Epic! People are getting their future sold down the river in the biggest bailout in history, for 1200 bucks of printed money in their bank accounts. How far is that going to get them?

BUT, it would be good for Bitcoin. Remember the "Bitcoin-Black-Hole-It-Will-Suck-Everything" meme? The Fed is helping it in becoming truly real.

[Gozie51]

Nice music. I think that you may have taken into account only US dollar/US printing machine.
Don't forget about ECB and many national banks doing the same.

Sure but do you think the ECB will still be in compact by a long time to come? because of the issues arising therin with Britain and the rest of the EU.

Of course hodling bitcoin would transcend to more dollar hodling too.

[Pffrt]

With such a big paper in the economy, an inflation is very much expected and soon to be happened. It's logical that BTC will be in 6 figure in terms of the inflation but I doubt US will not be taking any further step to make the situation normal. After the COVID19 affect, some major steps will be taken to balance the inflation like taken down the money from the economy by offering bonds etc. I don't think much affect will be happen in the long term.

[jossiel]

Stimulus incoming and for sure if not many but some of the receivers are thinking to invest in bitcoin upon receiving the money. I'll expect that most of the bitcoin holders here, us, expects to see the rapid growth for bitcoin.

HODL!

[apvmoreira]

State authorities consider printing money as a perfect solution for almost every problem, even ones which were caused by previously injected money.

[awik p]

Stimulus incoming and for sure if not many but some of the receivers are thinking to invest in bitcoin upon receiving the money. I'll expect that most of the bitcoin holders here, us, expects to see the rapid growth for bitcoin.

HODL!

many expect bitcoin to surge soon. but I guess we have to be patient first. many people are frustrated with the current condition, even many are reportedly losing big. but we must still use our common sense to be strong waiting until the bullish season comes

[jossiel]

Stimulus incoming and for sure if not many but some of the receivers are thinking to invest in bitcoin upon receiving the money. I'll expect that most of the bitcoin holders here, us, expects to see the rapid growth for bitcoin.

HODL!

many expect bitcoin to surge soon. but I guess we have to be patient first. many people are frustrated with the current condition, even many are reportedly losing big. but we must still use our common sense to be strong waiting until the bullish season comes

Frustrated about the virus and the cease order for the businesses and establishments. Because it stops their source of income but for the economy of bitcoin, we will see the reversal soon.

Patience, we have it.

That doesn't really matter because it's already part of how we handle the game. It's in our veins to become patient and wait for the right time.

[The Sceptical Chymist]

BUT, it would be good for Bitcoin.

This kind of makes me wonder how many people are going to be buying bitcoin with their stimulus checks.  My guess is that it'll probably be good for the stock market, and I'm betting that's what the government was aiming for with all this magic cash they're sending out.

Ugh.  Somebody's going to be paying for all this generosity in the years to come.  I think whoever is in charge over at the Fed and in the White House are drunk out of their minds.  They think they can just keep conjuring money out of thin air with no consequences--and while I'm sure all the plebians are planning how to spend their checks, I'm worried about when the house of cards is going to collapse.

[royalfestus]

With such a big paper in the economy, an inflation is very much expected and soon to be happened. It's logical that BTC will be in 6 figure in terms of the inflation but I doubt US will not be taking any further step to make the situation normal. After the COVID19 affect, some major steps will be taken to balance the inflation like taken down the money from the economy by offering bonds etc. I don't think much affect will be happen in the long term.

This crisis is exposing the government's incompetence. Not only in Europe but America as well, with all the temerity and lousiness of the leaders. The lapses in the economy, pro-activeness and low infrastructure of the health sector over the years. When the government kept spending on war for years, misplacing its priorities. Someone will pay the debt government is accruing, definitely our children and it is not the first time is done. I was expecting more of the relief as food and daily necessities not cash, cash will definitely cause inflation.   

[South Park]

BUT, it would be good for Bitcoin.

This kind of makes me wonder how many people are going to be buying bitcoin with their stimulus checks.  My guess is that it'll probably be good for the stock market, and I'm betting that's what the government was aiming for with all this magic cash they're sending out.

Ugh.  Somebody's going to be paying for all this generosity in the years to come.  I think whoever is in charge over at the Fed and in the White House are drunk out of their minds.  They think they can just keep conjuring money out of thin air with no consequences--and while I'm sure all the plebians are planning how to spend their checks, I'm worried about when the house of cards is going to collapse.

It is easy to see why they think this way, they have been getting away with printing money massively for decades now and the system is still in place, so it is natural for them to think they have mastered the art of printing money without any consequences, but a day will come in which this is not true anymore but they will have no other trick up their sleeve and they will keep printing money until they destroy their currency or they back it up temporarily with something like gold, and most likely they will try to ban gold ownership again or try to impose a ridiculous high tax to those holding gold, silver and bitcoin.

[omone1]

This is surprising how the government can just wake up to print money and create problem for the future generation. Well maybe the USA has a special way to deal with the long term impact by taking crude oil in nations that have crises and use same to offset debts. 

[tbterryboy]

The thing is USA has always printed money but for some reason their money always kept being a valuable product. If another nation that is not really that powerful printed anything even remotely that high, we would have seen inflation at the Zimbabwe levels, no country should be allowed to print 6 trillion dollars, yet for some reason watch USA do it and not get a record breaking inflation because of it.

I don't get it, how do they not get screwed because of it? How are they keeping the world on their toes about american dollar still being valuable? Is it the military power they have that threatens other nations? Is it the products and fear of embargo? What makes american dollar so valuable compared to other currencies in fiat world when dollar keeps getting printed constantly?

[exstasie]

BUT, it would be good for Bitcoin.

This kind of makes me wonder how many people are going to be buying bitcoin with their stimulus checks.  My guess is that it'll probably be good for the stock market, and I'm betting that's what the government was aiming for with all this magic cash they're sending out.

The stock market likes the bailout promises. A lot of the Dow and S&P 500 companies dumping through the ground a week ago will get some of that sweet helicopter money. And they'll be getting a whole lot more than $1,200.

Ugh.  Somebody's going to be paying for all this generosity in the years to come.  I think whoever is in charge over at the Fed and in the White House are drunk out of their minds.

Given how fragile the economy is, are they? This isn't quite like 2008 where the government was bailing out banks for terrible gambles. Most sectors in the economy are collapsing (at least temporarily) and are begging for a handout.

[abhiseshakana]

The stock market likes the bailout promises. A lot of the Dow and S&P 500 companies dumping through the ground a week ago will get some of that sweet helicopter money. And they'll be getting a whole lot more than $1,200.

Given how fragile the economy is, are they? This isn't quite like 2008 where the government was bailing out banks for terrible gambles. Most sectors in the economy are collapsing (at least temporarily) and are begging for a handout.

This is like a recurring incident in 1930 and 2008 with the title "too big to fail".

In 2008, large companies on Wall Street collapsed due to their own greed and cunning in doing business. The company elite still profit and live luxuriously. Only small employees who are lost are lost. The US administration, on the advice of its economists, decided to disburse hundreds of billions of dollars to cover the losses of these companies. Even though the real victims are the US people (they work hard to earn money and then pay taxes, that tax money is used to bail out Wall Street, subsidies and social welfare facilities of the US people are cut, because the money runs out to protect the capitalists from losses).

In terms of justice, this bailout policy is truly absurd: how is it possible, there are business people who go bankrupt due to their own mistakes, then the people who are told to bail out? But this is capitalism. Their logic: if the businessman is destroyed, the people will also suffer the consequences because the economy stagnates.

Among the companies on Wall Street that received US government bailouts were Citigroup, American Internation Group (AIG), Bank of America, Merril Lynch, Goldman Sachs, JP Morgan, Fannie Mae, Freddie Mac, etc. And you know, most of these companies are donors to Obama's campaign funds! It's 'natural' if Obama submits to the capitalists.

In 2011 there was a big wave of demonstrations "Occupy Wall Street" which was a counter-hegemony against capitalists. This year, it seems that the Trump government has strong legitimacy to bail out with the outbreak of corona in America.

[South Park]

The thing is USA has always printed money but for some reason their money always kept being a valuable product. If another nation that is not really that powerful printed anything even remotely that high, we would have seen inflation at the Zimbabwe levels, no country should be allowed to print 6 trillion dollars, yet for some reason watch USA do it and not get a record breaking inflation because of it.

I don't get it, how do they not get screwed because of it? How are they keeping the world on their toes about american dollar still being valuable? Is it the military power they have that threatens other nations? Is it the products and fear of embargo? What makes american dollar so valuable compared to other currencies in fiat world when dollar keeps getting printed constantly?

There are many reasons for this, one of the most obvious is that the US dollar is still the reserve currency of the world, they can print a lot of money and a significant amount of that money is stored by other governments in the form of reserves which do not hit the market, and the other countries cannot stop accepting those dollars otherwise what their reserves can buy could diminish significantly, as you can see they are trapped and the US knows it, however there have been some signs during the last years that seem to support the hypothesis this is not going to last for long as other powerful countries are looking for a way out of this system that is so advantageous to the US.

[fabiorem]

It was 500 billion last week.
Today I read its going to be 2 trillion.

Now this thread says it will be 6 trillion.

If they keep at that pace, McAfee prediction will hit.

[FanatMonet]

Although I have been in cryptocurrencies since 2013, but I would not invest absolutely everything in them. And personally, I don’t see why bitcoin could grow over 100,000 dollars per unit in the next 5 years. Unless a new bubble is inflated.

[Averim]

Nice music. I think that you may have taken into account only US dollar/US printing machine.
Don't forget about ECB and many national banks doing the same.

I am not familiarised with financial ters so could you help me by telling me ECB stand for? I'm just curious, 10q.

[NeuroticFish]

ECB is European Central Bank https://en.wikipedia.org/wiki/European_Central_Bank

[verita1]

Agree! Possibly, countries that do business with the US. They may be affected by the result of their economy. The economic recession will be strongly reflected in the American continent. I wish that Covid19 will be controlled soon because while it is with us the damage will be greater.
As for Bitcoin and gold, I also think that they are the best options to resist the crisis and create other opportunities.

[DevilSlayer]

The thing is USA has always printed money but for some reason their money always kept being a valuable product. If another nation that is not really that powerful printed anything even remotely that high, we would have seen inflation at the Zimbabwe levels, no country should be allowed to print 6 trillion dollars, yet for some reason watch USA do it and not get a record breaking inflation because of it.

I don't get it, how do they not get screwed because of it? How are they keeping the world on their toes about american dollar still being valuable? Is it the military power they have that threatens other nations? Is it the products and fear of embargo? What makes american dollar so valuable compared to other currencies in fiat world when dollar keeps getting printed constantly?

There are many reasons for this, one of the most obvious is that the US dollar is still the reserve currency of the world, they can print a lot of money and a significant amount of that money is stored by other governments in the form of reserves which do not hit the market, and the other countries cannot stop accepting those dollars otherwise what their reserves can buy could diminish significantly, as you can see they are trapped and the US knows it, however there have been some signs during the last years that seem to support the hypothesis this is not going to last for long as other powerful countries are looking for a way out of this system that is so advantageous to the US.

The FED will print more money and they say that it will be an advantage but for me it is fishy because it will lead inflation to soar high. That is why I do not like fiat currency because inflation is happening, it is good if we will just have bitcoins because we experience here deflation where it is good. The US dollar become debt and we should remember that, the dollar is now weakening and we should be aware of that.

[Wind_FURY]

BUT, it would be good for Bitcoin.

This kind of makes me wonder how many people are going to be buying bitcoin with their stimulus checks.  My guess is that it'll probably be good for the stock market, and I'm betting that's what the government was aiming for with all this magic cash they're sending out.

That's true. Some will be left behind, but I hope they don't buy, and HODL during FOMO.

Ugh.  Somebody's going to be paying for all this generosity in the years to come.  I think whoever is in charge over at the Fed and in the White House are drunk out of their minds.  They think they can just keep conjuring money out of thin air with no consequences--and while I'm sure all the plebians are planning how to spend their checks, I'm worried about when the house of cards is going to collapse.

The tax-payers always pay for it. That's why Bitcoin-education is very important. It's an opportunity to opt-out from a system that over-inflates its currency.

[Cratoon]

The potential backlash to the US economy will be terrible. If they don't provide help to the citizens - they will be forced to go out to work, to pay their rent just to keep a roof on top of their heads.

[Wind_FURY]

The potential backlash to the US economy will be terrible. If they don't provide help to the citizens - they will be forced to go out to work, to pay their rent just to keep a roof on top of their heads.

From that standpoint, it's good. But from a longer-term standpoint, where would it take the economy? It WILL cause a worse economic crisis in 10 years, than taking the crisis/depression today.

[Averim]

This WON'T end well for the U.S. economy in 10 years. Bitcoin will be on 6 digits by that time. Educate the masses where they should be HODLING their money, not in a savings account, BITCOIN.

https://brrr.money

I wonder do they have sufficient ink to print this kind of money? I mean business are closed but the paper and ink has to come from somewhere, right? Or is it possible that this is just an excuse? Everything was prepared due the bad Trump politics and now they just hit Ctrl+P keys.

[Wind_FURY]

This WON'T end well for the U.S. economy in 10 years. Bitcoin will be on 6 digits by that time. Educate the masses where they should be HODLING their money, not in a savings account, BITCOIN.

https://brrr.money

I wonder do they have sufficient ink to print this kind of money? I mean business are closed but the paper and ink has to come from somewhere, right? Or is it possible that this is just an excuse? Everything was prepared due the bad Trump politics and now they just hit Ctrl+P keys.

I believe they already have contractors supplying the special ink, and paper for the bills/notes.

I saw this on Twitter.



The "printing machine goes BRRRRR" meme was created during Abraham Lincoln's time? Haha.

[bitgolden]

It really makes no sense to print money to keep going when you do not use that money to keep going. If you print money to save a company from bankruptcy to save the nation's economy but that money goes to extra bonuses for the CEO and a private jet for the company, how the hell do you really think that helps the world? You know why they are printing money?

To say the world the company will not bankrupt and that's it, they do not really "need" the money, the only reason why they are bankrupting is people selling the stocks of that company with a fear of bankruptcy, well if you actually do end up selling of course that company gets closer to closing, but when government prints money and gives it to them, people think they won't bankrupt and start buying the stocks back and company doesn't bankrupt.

Company itself was never in trouble, it was always doing the same thing and continues to do the same thing, it was the investors who almost bankrupted it and it was investors who saved it as well. So, the money that they got from government is just for the show.

[jossiel]

So, the money that they got from government is just for the show.

The helicopter money isn't just for those huge companies that you're mentioning. AFAIK, most of it goes to the needy and I don't have an update if it the distribution was a success. Whether there will be these beneficiaries that you're mentioning, still it's going to affect most of them.

The long term is what they should look and prepare for instead of those temporary solutions that this money will do.

[Emitdama]

Educate the masses where they should be HODLING their money, not in a savings account, BITCOIN.

No matter how much you try to talk about this, people who don’t want to learn still won’t learn. That’s why I stopped bothering telling people about Bitcoin. You will tell them and they will still tell you that it’s a scam or that it is volatile. BTC is already popular and I believe that a lot of people around the world, especially the netizens knows about Bitcoin.

So, if they have chosen to pretend that they know nothing about it, while they do, then it’s their choice and I don’t really care about that. I also do understand that for some, it’s just that there is no finance to invest in bitcoin.

[Kakmakr]

The thing is, this manipulation of the global economy will only help temporarily and it is doing more harm than good. A lot of people receiving these is bailouts does not see the danger, because they are just too happy to receive that money.

The only people that are smiling from ear to ear is the politicians, because this is going to send out a message that the current government will always be there to bail out people when the economy struggles.

This is just a bandage on a massive life threatening wound for the global economy. This will also have negative influences for Bitcoin in the long run. (When there are a global economic collapse, people will liquidate their investments in Crypto currencies) 

[DoubleEdgeEX]

Today it´s more like : Servers go bsss - They can "print" out the account statement later

[iv4n]

Bitcoin will be on 6 digits by that time.

I didn't see the rest, or maybe I did but I don't care. In the end governments will do whatever they want to do, but with bitcoins it's not the case they don't have control. For bitcoin to be on 6 digits we need people, people from the entire world to join, and after that governments will not have a way out.
In my opinion this will happen, just don't know when. This pandemic will speed things up, many people are disappointed, and they don't wish to obey this crazy rules anymore. And it's getting crazier and crazier, control is harder every year. Imaginary wars on drugs, terrorism and now invisible virus enemies, we got to ask a question are the aliens the next threat?
In some moments I don't know where this system is going and what we can expect next, I hope we will see some changes soon!

[Wind_FURY]

Hahaha. Indeed why? Can't the State start leaving everyone alone, print another trillion dollars, and bail themselves out?

[Finestream]

Very nice, I hope you are right that it would happen in the future, while USD devalues, it could be a chance for bitcoin to rise.

Six figures look like a joke for the critics but there's a chance it would happen, imagine, by slowly saving bitcoin with a target of 1 btc, we would be one of the wealthiest people in the future.

[fillippone]

Very nice, I hope you are right that it would happen in the future, while USD devalues, it could be a chance for bitcoin to rise.

Six figures look like a joke for the critics but there's a chance it would happen, imagine, by slowly saving bitcoin with a target of 1 btc, we would be one of the wealthiest people in the future.

I cannot feel joy for this scenario.
Sure, Bitcoin will be in the millions valuation. But how much will be a liter (or a gallon, I don't know how you deal with modern units of measure) of milk be worth? Or an ounce of gold?
Just remember that during hyperinflation, take Zimbawe as an example, stock market rallied a lot.
Not many happy people there.
Bitcoin is not about getting rich quickly scheme, is about avoiding getting poor slowly.

[Wind_FURY]

Very nice, I hope you are right that it would happen in the future, while USD devalues, it could be a chance for bitcoin to rise.

Six figures look like a joke for the critics but there's a chance it would happen, imagine, by slowly saving bitcoin with a target of 1 btc, we would be one of the wealthiest people in the future.

It WILL happen, but it might take a longer time, or it might take a shorter time. Plus the critics criticize because they want to see it take a shorter time. OR they have already sold, often losing, and hope not to see what they first came to see.

[princesspoppy]

So hopeful this will happen soon in the future. Saving is the best option we have now that inflation is happening or might happen anytime soon. Btc reaching that much price will be OMG and even with a little amount of satoshis will be a great blessing already. I just hope many people will see this chance and believe that everything may happen even the six digit value of bitcoin.

[onrise]

So hopeful this will happen soon in the future. Saving is the best option we have now that inflation is happening or might happen anytime soon. Btc reaching that much price will be OMG and even with a little amount of satoshis will be a great blessing already. I just hope many people will see this chance and believe that everything may happen even the six digit value of bitcoin.

Investing in bitcoin should always exists and whenever one gets an opportunity to accumulate on lower price should not be avoided if possible as the volatility in crypto is normal so there is a good chance that it can bounce back quickly and one can make some short term profits as well and also can be kept for the long term horizon say 3-5 years or so.

[traderethereum]

So hopeful this will happen soon in the future. Saving is the best option we have now that inflation is happening or might happen anytime soon. Btc reaching that much price will be OMG and even with a little amount of satoshis will be a great blessing already. I just hope many people will see this chance and believe that everything may happen even the six digit value of bitcoin.

If people have 100k satoshi, they will have a lot of money if they sell their bitcoin.
But I don't think that it will be easy to earn bitcoin in many ways because that will turn to the difficult part to make money from bitcoin.
I will wait for that time, and I am sure people will also wait because they want to make a lot of money too.
So from now on, we should earn more and more bitcoin before it becomes difficult to earn bitcoin.
I am sure that we still have much time to work hard in many ways.

[exstasie]

There is a growing consensus that more helicopter money (direct payments) is coming. The House already voted for a second round of $1,200 payments. Now Trump has hinted he wants even bigger payments:

“I do, I support it, but it has to be done properly,” Trump said when asked during a Fox Business Network interview at the White House whether he was in favor of sending another round of stimulus checks.

“I support actually larger numbers than the Democrats,” Trump added.

https://www.cnbc.com/2020/07/01/coronavirus-update-trump-says-he-supports-larger-payments-to-americans.html

The Senate Majority leader now concurs, and while he says he wants to limit it to those making $40K a year or less, the rhetoric coming from the White House and Democrats tells me that's just a bargaining position. https://www.nbcnews.com/politics/congress/mcconnell-opens-door-more-coronavirus-stimulus-checks-low-income-americans-n1233028

I take it most Americans will be getting another $1,200 direct payment, probably in August, as part of a larger final stimulus package. I'm guessing the bill passage will strongly boost the markets just like the CARES bill did in late March.

However I also wonder if there is room for a dump before then. Markets love to fit narratives. Stocks could give way to the growing fear about growing COVID-19 cases, creating a short term bear trap before another stimulus bill (and Fed QE) bails out the market again in late July or early August.

[MCobian]

The reason I trust Bitcoin more than the USD is because paper money will continue to be printed by the government. Which in the end
can be benefit for Bitcoin in the future, so I never stop collecting Bitcoin. I am sure in the future that has a lot of Bitcoin can be a rich person.
Although it can happen for a long time, we just need to be patient waiting.

[AniviaBtc]

I found HODLing very effective for 3 years until now, it makes me more comfortable with my assets to prevent losses when I make transactions that is not necessary. The future of bitcoin is unsure but if we help its promotion to become successful, then it is our success to see bitcoin adoption globally.

In terms of the website, the animation is quite good and it is really fun that as you move the button left and right it feels like you're just playing. But when we talk about the reality, as printing money becomes the only solution of every country, inflation will really occurs. This will cause another major problem in the economy.

[Wind_FURY]

I found HODLing very effective for 3 years until now, it makes me more comfortable with my assets to prevent losses when I make transactions that is not necessary. The future of bitcoin is unsure but if we help its promotion to become successful, then it is our success to see bitcoin adoption globally.

In terms of the website, the animation is quite good and it is really fun that as you move the button left and right it feels like you're just playing. But when we talk about the reality, as printing money becomes the only solution of every country, inflation will really occurs. This will cause another major problem in the economy.

I believe people living in Argentina are finding it out now, with hyper-inflation almost there in my opinion.

Don't listen to the anti-Bitcoin critics, it's GOOD to have a back up/fall-back once your government can't maintain the stability of the monetary system anymore.

[fillippone]

I found HODLing very effective for 3 years until now, it makes me more comfortable with my assets to prevent losses when I make transactions that is not necessary. The future of bitcoin is unsure but if we help its promotion to become successful, then it is our success to see bitcoin adoption globally.

In terms of the website, the animation is quite good and it is really fun that as you move the button left and right it feels like you're just playing. But when we talk about the reality, as printing money becomes the only solution of every country, inflation will really occurs. This will cause another major problem in the economy.

I believe people living in Argentina are finding it out now, with hyper-inflation almost there in my opinion.

Don't listen to the anti-Bitcoin critics, it's GOOD to have a back up/fall-back once your government can't maintain the stability of the monetary system anymore.

Why wait to be in the brink of an hyperinflation to buy Bitcoin and protect yourself from losing your real purchasing power?
Act now.
Put 1% of your financial wealth in bitcoin , so that when USD go full Zimbawe you have an hedge.
This is why I bought bitcoin the first time I did it: as an insurance against the greed of governments.

[Ibizugbe1]

This generation and the ones to come will pay dearly for the dilution of the USD, this will negatively affect the economy of the world. Printing money to destroy the economy.

[CarnagexD]

So hopeful this will happen soon in the future. Saving is the best option we have now that inflation is happening or might happen anytime soon. Btc reaching that much price will be OMG and even with a little amount of satoshis will be a great blessing already. I just hope many people will see this chance and believe that everything may happen even the six digit value of bitcoin.

That's the reason why patience and control is what we need in order for our assets to become worth it. Hodling is what we need in order to prevent losses, but the opportunity to earn profit will become wasted but still there is a risk that's why you need to save your assets. As we are waiting for that to happen, we should help the mass adoption of bitcoin to become more popular.

We are all rooting for the bitcoin to become known globally, but still there are governments who are still against it. But I believe that sooner or later, or maybe in the future, bitcoin will be known as the best digital currency that people will rely on. That 6 digit value of bitcoin is not impossible as the people using bitcoin is increasing everyday.

[Wind_FURY]

I found HODLing very effective for 3 years until now, it makes me more comfortable with my assets to prevent losses when I make transactions that is not necessary. The future of bitcoin is unsure but if we help its promotion to become successful, then it is our success to see bitcoin adoption globally.

In terms of the website, the animation is quite good and it is really fun that as you move the button left and right it feels like you're just playing. But when we talk about the reality, as printing money becomes the only solution of every country, inflation will really occurs. This will cause another major problem in the economy.

I believe people living in Argentina are finding it out now, with hyper-inflation almost there in my opinion.

Don't listen to the anti-Bitcoin critics, it's GOOD to have a back up/fall-back once your government can't maintain the stability of the monetary system anymore.

Why wait to be in the brink of an hyperinflation to buy Bitcoin and protect yourself from losing your real purchasing power?
Act now.
Put 1% of your financial wealth in bitcoin , so that when USD go full Zimbawe you have an hedge.
This is why I bought bitcoin the first time I did it: as an insurance against the greed of governments.

That's what I tell everyone, but I believe some of the people don't agree. They don't accept Bitcoin as a back up/fall-back/opt-out mechanism, or as an alternative because "very volatile".

[fillippone]

I found HODLing very effective for 3 years until now, it makes me more comfortable with my assets to prevent losses when I make transactions that is not necessary. The future of bitcoin is unsure but if we help its promotion to become successful, then it is our success to see bitcoin adoption globally.

In terms of the website, the animation is quite good and it is really fun that as you move the button left and right it feels like you're just playing. But when we talk about the reality, as printing money becomes the only solution of every country, inflation will really occurs. This will cause another major problem in the economy.

I believe people living in Argentina are finding it out now, with hyper-inflation almost there in my opinion.

Don't listen to the anti-Bitcoin critics, it's GOOD to have a back up/fall-back once your government can't maintain the stability of the monetary system anymore.

Why wait to be in the brink of an hyperinflation to buy Bitcoin and protect yourself from losing your real purchasing power?
Act now.
Put 1% of your financial wealth in bitcoin , so that when USD go full Zimbawe you have an hedge.
This is why I bought bitcoin the first time I did it: as an insurance against the greed of governments.

That's what I tell everyone, but I believe some of the people don't agree. They don't accept Bitcoin as a back up/fall-back/opt-out mechanism, or as an alternative because "very volatile".

They are wrong for at least two reason: the deflationary Nature of bitcoin was a part of bitcoin design granted by the white paper. In addition to that they are probably wrong about the ultimate function of bitcoin. Look at Jameson Lopp pinned message, for example:

Bitcoin isn't a get rich quick scheme, it's a don't get poor slowly scheme.

https://twitter.com/lopp/status/1171847107243859968?s=21

[exstasie]

They don't accept Bitcoin as a back up/fall-back/opt-out mechanism, or as an alternative because "very volatile".

People have gotten used to the inorganic stability of fiat currencies, even if they are being slowly devalued. In a world that largely lives paycheck to paycheck and hand to mouth, we shouldn't be surprised at that. Day to day stability is the overriding concern for most people.

I'm not too concerned about these people. They are just laggards. They aren't the primary drivers of adoption. They will adopt BTC after the rest of society does.

By that time, the fundamentals underlying both fiat currencies and cryptocurrencies will likely have changed significantly. For example, it's possible that bouts of fiat hyperinflation would make fiat currencies "very volatile" when measured against ordinary goods and services. That is one way society may be forced to come to terms with BTC's instability, by recognizing that fiat stability comes at a great cost.

[Wind_FURY]

They don't accept Bitcoin as a back up/fall-back/opt-out mechanism, or as an alternative because "very volatile".

People have gotten used to the inorganic stability of fiat currencies, even if they are being slowly devalued. In a world that largely lives paycheck to paycheck and hand to mouth, we shouldn't be surprised at that. Day to day stability is the overriding concern for most people.

I'm not too concerned about these people. They are just laggards. They aren't the primary drivers of adoption. They will adopt BTC after the rest of society does.

By that time, the fundamentals underlying both fiat currencies and cryptocurrencies will likely have changed significantly. For example, it's possible that bouts of fiat hyperinflation would make fiat currencies "very volatile" when measured against ordinary goods and services. That is one way society may be forced to come to terms with BTC's instability, by recognizing that fiat stability comes at a great cost.

It's not "the people", it's the critics. What's laughable is, those critics are either nocoiners, gold bugs, or someone who doesn't HODL Bitcoin.

Bitcoin is on its path to price discovery. 21 million coins, 7 billion people.

[Easteregg69]

Excess money goes in to new investment options.

I see no problem in inflation.

[Easteregg69]

They don't accept Bitcoin as a back up/fall-back/opt-out mechanism, or as an alternative because "very volatile".

People have gotten used to the inorganic stability of fiat currencies, even if they are being slowly devalued. In a world that largely lives paycheck to paycheck and hand to mouth, we shouldn't be surprised at that. Day to day stability is the overriding concern for most people.

I'm not too concerned about these people. They are just laggards. They aren't the primary drivers of adoption. They will adopt BTC after the rest of society does.

By that time, the fundamentals underlying both fiat currencies and cryptocurrencies will likely have changed significantly. For example, it's possible that bouts of fiat hyperinflation would make fiat currencies "very volatile" when measured against ordinary goods and services. That is one way society may be forced to come to terms with BTC's instability, by recognizing that fiat stability comes at a great cost.

It's not "the people", it's the critics. What's laughable is, those critics are either nocoiners, gold bugs, or someone who doesn't HODL Bitcoin.

Bitcoin is on its path to price discovery. 21 million coins, 7 billion people.

Wholecoiner. People want whole coins. In general.

[Vishnu.Reang]

Excess money goes in to new investment options.

I see no problem in inflation.

You probably don't have any savings. For those with savings, inflation is a big problem. Because whatever we get in the form of returns, a sizable chunk is taken away by the state in the form of capital gains tax. That means that after inflation is taken in to account, the net wealth actually decreases on a YoY basis. And the biggest joke is that now the governments want to make capital gains tax on par with income tax. That is going to be just ridiculous. For my part, I am planning to purchase more gold ETFs and coins, along with cryptocurrency.