cryptoboss2020 (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 322
Merit: 14
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 17, 2020, 01:39:16 PM Last edit: October 17, 2020, 01:57:41 PM by cryptoboss2020 |
|
im not economy kind of person never learned in school or anything like this. But i try to analyse everything logically everything what i see now i think its good for usa dollar value. the usa dollar is borrowed a lot of usa dollars been used in cryptocurrency to trade and in stock market the money what is borrowed need to be payed back somehow but everybody is spending the dollars now they feel like the goverment print endless dollars and gives out endless stimulus.
all this debt is created by printing money as we see it goes to stock market and it goes from small investors to big investors. now people and corporations will be debted when people are in debt what they need ?? they need money to pay back the loans! but usa dollars are nowhere and then at somepoint goverment will tell to people , we cant print more money and you dont have money what you have is debt and when there is not enough money for people then the value will increase of the money.
and recessions will hit the usa prices will go down and dollar value will rise higher all of that i think its beneficial for etheruem and tether!
so this what i think and i think the winners are usa dollar tether and etheum in this situation
|
|
|
|
Gozie51
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 17, 2020, 03:25:16 PM |
|
but usa dollars are nowhere and then at somepoint goverment will tell to people , we cant print more money and you dont have money what you have is debt and when there is not enough money for people then the value will increase of the money.
and recessions will hit the usa prices will go down and dollar value will rise higher all of that i think its beneficial for etheruem and tether!
so this what i think and i think the winners are usa dollar tether and etheum in this situation
This I think is an economic idea or strategy to run the economy to either reduce or avoid inflation. When government say they don't have money in the pause and can't print money either, it is not that they can't go to the printing process but they are imploring the control mechanism not to push out excess money into the system. For the us dollar, they might not even print money for a longer time and one reason is that they have pushed lots of money out to control covid-19 and stimulus given to citizen.
|
|
|
|
cryptoboss2020 (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 322
Merit: 14
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 17, 2020, 08:21:31 PM |
|
what do i think more? i think the USDT / PAX / USDC Are our future coins. why do i think so? I think just i see 90% is against my tinking so i got be right here:) second reason is that the stable coins like USDC it was created by the circle circle is one of the instutions of the good old Goldman Sachs team. if they do something in financial world this is have really meaning and i know that if the usa dollar pegged stable coins was just some quick one night stand then they would never ever started to create them. World is going in to crisis then i know what i need is USA stable coins. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
|
|
|
|
davis196
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2020, 12:16:50 PM |
|
People and companies not being able to pay their debts will have to bankrupt,which means that the banks will take away their mortgages and other assets used to backup their loans. Money printing is supposed to lead to more cash liquidity in the economy,which means that US dollar will never become scarce,which means that the USD value can't go up due to the money printing.
|
|
|
|
cryptoboss2020 (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 322
Merit: 14
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2020, 05:18:09 PM |
|
People and companies not being able to pay their debts will have to bankrupt,which means that the banks will take away their mortgages and other assets used to backup their loans. Money printing is supposed to lead to more cash liquidity in the economy,which means that US dollar will never become scarce,which means that the USD value can't go up due to the money printing.
t b honest you dont know we dont know 100% we can only speculate!! but what i know is this alwyas act against other people in the world if you want different results in your life !! those kind of speculations not my type of things , im not gambler neither casino player!
|
|
|
|
The Sceptical Chymist
Legendary
Offline
Activity: 3444
Merit: 6948
Top Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2020, 06:57:22 PM |
|
I think we are headed towards blockchain and crypto based coins inevitably. As globalism continues to rise, we have no other choice but to adapt a single currency monitored and regulated by everyone and none would have supreme authority over it.
That would be effin' fantastic, but there's no way in hell any government that wants to collect taxes is going to go for it. And what cryptocurrency would be used for the "global coin"? Would it be bitcoin? Would it be a true cryptocurrency or would it be something totally centralized like that which the Chinese government has proposed (I think it was China)? And it's amazing to think of how many coins are already out there on the market, being used for nothing except trading. In order for the masses to adopt cryptocurrency as their primary way to pay for things, major changes in a lot of things would have to happen--including the collapse of the USD and probably some other major currencies, and people receiving their paychecks in crypto rather than fiat....and a lot more. The US dollar is a messed up thing. With too much risks, I would never store fiat cash under my bed because it's just too risky and will lose value.
You bet it's messed up. I might keep it under my mattress for the short-term, but with all of this money printing and stimulus and quantitative easing, whatever you stuff under that mattress is going to magically vanish sooner or later. The scary thing is that I'm not sure the Fed or anyone else in power is keeping an eye on things.
|
|
|
|
exstasie
Legendary
Offline
Activity: 1806
Merit: 1521
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2020, 07:18:03 PM |
|
You bet it's messed up. I might keep it under my mattress for the short-term, but with all of this money printing and stimulus and quantitative easing, whatever you stuff under that mattress is going to magically vanish sooner or later.
That's the price you pay for privacy too. The informal cash economy is traditionally how people act as their own banks, and also how they avoid paying various taxes. For example, if you're making a living getting paid cash under the table, you can't just put all that cash in the bank. Inflation is just a small fraction of what you'd lose by reporting that income. The scary thing is that I'm not sure the Fed or anyone else in power is keeping an eye on things.
Pandora's box is already open. I believe the Fed has known at least since Greenspan that we are on an uncharted and frankly unsustainable path regarding monetary policy. They have no choice but to stay the course though. It's either that, or allow another Great Depression to happen. In fact, it could be worse than the Great Depression.
|
|
|
|
cryptoboss2020 (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 322
Merit: 14
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2020, 07:33:28 PM |
|
You bet it's messed up. I might keep it under my mattress for the short-term, but with all of this money printing and stimulus and quantitative easing, whatever you stuff under that mattress is going to magically vanish sooner or later.
That's the price you pay for privacy too. The informal cash economy is traditionally how people act as their own banks, and also how they avoid paying various taxes. For example, if you're making a living getting paid cash under the table, you can't just put all that cash in the bank. Inflation is just a small fraction of what you'd lose by reporting that income. The scary thing is that I'm not sure the Fed or anyone else in power is keeping an eye on things.
Pandora's box is already open. I believe the Fed has known at least since Greenspan that we are on an uncharted and frankly unsustainable path regarding monetary policy. They have no choice but to stay the course though. It's either that, or allow another Great Depression to happen. In fact, it could be worse than the Great Depression. the usa dollar been falled many years , but it might be the greatest asset to buy? i dont think usa dollar will completely go away? currencies falling and raising...but can they really disapere`? look the venezuela inflation is grazy but currency is still used.
|
|
|
|
exstasie
Legendary
Offline
Activity: 1806
Merit: 1521
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2020, 08:26:21 PM |
|
the usa dollar been falled many years , but it might be the greatest asset to buy? i dont think usa dollar will completely go away? currencies falling and raising...but can they really disapere`? look the venezuela inflation is grazy but currency is still used.
Sure, but only because it's legal tender and people receive salaries in bolivars. They need to immediately get rid of their bolivars to retain any value. Venezuela and countries in similar situations have also demonetized their currencies, taking large notes of circulation on short notice. This screws over currency holders really bad. Whether a currency still exists or is used at all isn't the goal post. People generally want to hold reserve currencies, currencies that are widely accepted and reliably hold value. The USD isn't going anywhere. The DXY is trading where it was in the late 1980s. It's comfortably above the 2008-2014 trading range. But any time a recession or short time financial crisis hits, you can be sure people will be calling for the dollar's collapse. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
|
|
|
|
Assface16678
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1470
Merit: 135
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 19, 2020, 08:55:25 AM |
|
People and companies not being able to pay their debts will have to bankrupt,which means that the banks will take away their mortgages and other assets used to backup their loans. Money printing is supposed to lead to more cash liquidity in the economy,which means that US dollar will never become scarce,which means that the USD value can't go up due to the money printing.
t b honest you dont know we dont know 100% we can only speculate!! but what i know is this alwyas act against other people in the world if you want different results in your life !! those kind of speculations not my type of things , im not gambler neither casino player! @davis196 Just stated the facts and possibilities with basis, not merely speculations. That is more likely to happen if the government of U. S will continue printing dollars, its value will decrease eventually. But there's also still the possibility of not resulting to hypetinflation because it is USD we are talking about, which is more often the medium of transactions across world market, makit it more powerful than those currencies wherein printing of more paper money resulted to hyperinflation. So maybe the power of USD will be able to cope up the risks from doing so.
|
|
|
|
Leviathan.007
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 19, 2020, 09:13:59 AM |
|
None can be aware of future completely. But, the future of USD is depended on US election are the covid-19 situation. Currently, since US doesn't have a good situation with the virus, we can't expect good future for usd. specially when we see the US's economic competitor, China got much better situation, gold is also rising against usd and this can't be good for the future. Many investors believe china already won the economic war due to the better economic situation they have currently. Generally, from what we see currently in the world, we can't expect a shiny future for usd.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
fiulpro
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 19, 2020, 09:33:42 AM |
|
See I believe : USD is not a winner but a tool used by politicians who are not capable enough to handle a country. The reason they are printing so much and giving people stimulus and such is because of the upcoming elections , which might make people think that they are safe and secure with the current government .
They aren't creating jobs ! They are not funding medical doctors or staff They are creating racial disputes
They are not encouraging people to use masks, they are saying things about how till the next holiday everything will be normal. Unbelievable , is this how you run a country?
They might be too dumb to even play this card what you are mentioning.
|
|
|
|
Xembin
Jr. Member
Offline
Activity: 84
Merit: 3
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 19, 2020, 10:10:30 AM |
|
The future will be bright because the government of USA is requesting for more dollars to be print to end the hardship in the country. People are experiencing the positive change of the dollar in the market. Trump re-election is coming which is making the government to do everything possible to improve the value of dollar.with what the president has done so far in the country show that dollar future will be great.
|
|
|
|
Reid
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 19, 2020, 11:46:44 AM |
|
There is always a solution to a problem. Create more money and let the value of USD fall. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) That way they will still survive. This is one of the problems when you are still trying to be the top country but just cannot get the grip anymore. It would be better to just give it up and maybe in the next years trying to be on top again. USDT ain't the solution for it. It is just the same value as USD so it will also be dragged by the decrease of value.
|
|
|
|
1GUARDIAN
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 19, 2020, 01:22:08 PM |
|
I think that the scenario described by the author of the topic is too simple. In fact, the world financial system is much more complex, and such a simple approach to predicting the situation with the dollars does not take into account many other significant nuances at all. In reality, as usual, will turn out something completely else.
|
|
|
|
Poker Player
Legendary
Offline
Activity: 1498
Merit: 2165
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 19, 2020, 01:47:38 PM |
|
I think that the scenario described by the author of the topic is too simple. In fact, the world financial system is much more complex, and such a simple approach to predicting the situation with the dollars does not take into account many other significant nuances at all. In reality, as usual, will turn out something completely else.
I also think so. But I think he is partially right when he says: now people and corporations will be debted when people are in debt what they need ?? they need money to pay back the loans! but usa dollars are nowhere and then at somepoint goverment will tell to people , we cant print more money and you dont have money what you have is debt and when there is not enough money for people then the value will increase of the money.
and recessions will hit the usa prices will go down and dollar value will rise higher all of that i think its beneficial for etheruem and tether!
The problem with the current system is that it is a kind of ponzi scheme. When a bank gets a deposit, of, say, $ 10.000, it can lend $ 9.000 and when those $ 9.000 get deposited (in another bank or the same one), the bank can lend $ 8.100 and so on. This works while expanding but there is not enough money to pay back all the debts. Incidentally, this is quite similar to how other schemes work, like public pensions or social security. But I think this system favors bitcoin as it works the opposite way.
|
|
|
|
dkbit98
Legendary
Offline
Activity: 2352
Merit: 7403
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 19, 2020, 02:20:00 PM |
|
Future of dollar and any other fiat currency is to go digital, but before that current economic system probably must collapse. Digital dollar means infinite money supply and infinite tracking of citizens with total control, max tax and closing accounts for everyone who is not doing what gov wants. On the other hand we all have Bitcoin as much better alternative and better form of money. People need to wake up.
|
|
|
|
el kaka22
Legendary
Offline
Activity: 3640
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 19, 2020, 09:02:55 PM |
|
It doesn't depend on how the us dollar is treated or how the economy is going, it depends on how powerful USA is in the world politics and that is the most important part. Sure when you look at the military side, they are spending more than the next 26 nations combined, 27 if they increase it once again this year, so when you talk about military power they will always and forever will be the biggest power in the whole world, they literally send dozens of PLANE CARRIER SHIPS AS BIG AS SOME ISLANDS, that is bonkers.
However politics is not only military, you have to do some bit of good dialogue, good with your allies, better with your enemies as well, try to work things out and stay at the top. If they can keep their position like this, the power of dollar will never cease.
|
|
|
|
bocyaj
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 19, 2020, 09:56:28 PM |
|
I think that the scenario described by the author of the topic is too simple. In fact, the world financial system is much more complex, and such a simple approach to predicting the situation with the dollars does not take into account many other significant nuances at all. In reality, as usual, will turn out something completely else.
The statement was true and USD was a common one used throughout the world.It's seems bitcoin will replaced by USD.When it was happen,the demand of bitcoin will increased unthinkable level.The percentage of bitcoin price had increased with no limit.Hold your bitcoin till the market shine like a star.
|
|
|
|
Nhebu
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 616
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 20, 2020, 10:10:42 PM |
|
I think we are headed towards blockchain and crypto based coins inevitably. As globalism continues to rise, we have no other choice but to adapt a single currency monitored and regulated by everyone and none would have supreme authority over it.
The US dollar is a messed up thing. With too much risks, I would never store fiat cash under my bed because it's just too risky and will lose value. In India we had demonetization where 500 and 1000 rs notes were banned which showed me how fiat is useless concept!
I am not an economic expert but I think us dollar loses its value due to the debt of USA. The federal reserve of US continuously decreasing and in fact, China has a lot federal reserve. When USD messed up, inflation may occur in different states in US. To prevent this, printing of money would not solve the problem. But it adds more a lot to become hyperinflation that cause their goods and products more high. Digital currency will solve the problems in fiat. By the time that we will all adapt the single currency.
|
|
|
|
|