Biden do even bigger stimulus

[cryptoboss2020]

That's not bad for bitcoin
Its very good to btc hodlers whos not located in USA but hodling the btc.
So if USA keep printing and keep giving out stimulus we are all good.
I hope that after this stimulus will push btc up there will be more stimulus rounds to go.
First 3 T i hope it can be nice warm up! And I hope USA will contunie this stimulus tradions!

Any little helps for btc price to go up

[tabas]

That's not bad for bitcoin
Its very good to btc hodlers whos not located in USA but hodling the btc.
So if USA keep printing and keep giving out stimulus we are all good.
I hope that after this stimulus will push btc up there will be more stimulus rounds to go.
First 3 T i hope it can be nice warm up! And I hope USA will contunie this stimulus tradions!

Any little helps for btc price to go up

The last time it has given the stimulus, IIRC, there's no effect. The logic applies that it is going down(US dollars) if they keep on printing and distributing it to their people but the purpose is good but the effect on their economy is bad.
And in bitcoin's economy, it is good because it is becoming the newly found wealth of those who have received it and decided to invest in bitcoin. We knew it that inflation would be the effect of their continuous printing and on the side of bitcoin, an increased price.

[Twentyonepaylots]

Yo, hyperinflation is imminent if the US kept on printing money and not paying debts, so bitcoin may not be affected, but countries who are dependent to America will be. And with this the world economy will be in shambles as USD is a major anchor of most currencies in the market. So you still would have tp worry.

[KennyR]

Yo, hyperinflation is imminent if the US kept on printing money and not paying debts, so bitcoin may not be affected, but countries who are dependent to America will be. And with this the world economy will be in shambles as USD is a major anchor of most currencies in the market. So you still would have tp worry.

Hyperinflation might happen, but there won't be much impact over the cryptocurrency market. Once after the sworn of Biden he has halted all the administrative decisions that were kept prepared by the Trump government. Amongst is the cryptocurrency related decision, and now Biden has stated it to get executed only after perfect review. This is truly a positive sign for the growth of cryptocurrency market with the present government. We don't know what way they've planned the economic upliftment, but there is less chance of disturbance to the cryptocurrency market.

[The Sceptical Chymist]

OP, you really seem to be fixated on all this stimulus money the US is giving out.  Are you even a US citizen?

Hyperinflation might happen, but there won't be much impact over the cryptocurrency market.

Ah, to the contrary.  If the USD were to suddenly experience a hyperinflation scenario, my guess is that assets like bitcoin would soar--along with gold and other tangible assets.  But as much as I'm a fan of bitcoin, I don't want to see any such thing happen to the USD or any of the major world currencies, because that would mean the world economy is in serious trouble.

And yet....I don't see how we're going to be able to avoid at least very high inflation with all of this money printing and stimulus, unless the government raises taxes like crazy once the economy is stable, or if they figure out a way to cut spending without whacking the bee's nest that is the US government, where nobody wants their own funding cut.  We're in 2021; it should prove to be a very interesting decade.

[cryptoboss2020]

OP, you really seem to be fixated on all this stimulus money the US is giving out.  Are you even a US citizen?

Hyperinflation might happen, but there won't be much impact over the cryptocurrency market.

Ah, to the contrary.  If the USD were to suddenly experience a hyperinflation scenario, my guess is that assets like bitcoin would soar--along with gold and other tangible assets.  But as much as I'm a fan of bitcoin, I don't want to see any such thing happen to the USD or any of the major world currencies, because that would mean the world economy is in serious trouble.

And yet....I don't see how we're going to be able to avoid at least very high inflation with all of this money printing and stimulus, unless the government raises taxes like crazy once the economy is stable, or if they figure out a way to cut spending without whacking the bee's nest that is the US government, where nobody wants their own funding cut.  We're in 2021; it should prove to be a very interesting decade.

Il m not us citizen.
But it doesnt matter bitcoin is like way to grab your funds from stimulus even you not in USA

[southerngentuk]

I've read about the latest news too, actually I feel very positive about Biden. But what current prices are reflecting, people are worrying about something or we are affected by the fighting fish and prevent the price from going up. If the scenario is according to personal guess, the team working under Biden will be the stage, this school is very developed.

[Wexnident]

I'd rather they avoid doing another stimulus and instead approach the issue from a possible alternative point. As much as inflation could boost BTC price, it isn't really something I'd really want to experience, nor let others experience it. I won't be directly affected, yes, but there would still be some, and I honestly don't know how big those effects are, so I'd rather not take the risk.

Though it is indeed unavoidable at this point, I do hope Biden could do something to at least lessen the damages that it could bring. Hope he doesn't just think for his own interests.

[disconnectme]

Even without the stimulus I expect Crypto to have free ride during Biden administration, money talks in politics, some of the big guys in the Crypto space are strong Biden donors and they will likely influence the decisions that will be made about Crypto in the future. Crypto has created many millionaires and I expect us to dictate the future of this century. I read today that one of the former Ripple advisor is being nominate by Biden, you can't expect them to be talking bad about XRP in their meeting and expect him not to push back

[Wenbing]

Yo, hyperinflation is imminent if the US kept on printing money and not paying debts, so bitcoin may not be affected, but countries who are dependent to America will be. And with this the world economy will be in shambles as USD is a major anchor of most currencies in the market. So you still would have tp worry.

I see printing of currency or fiat currency to be a very wrong strategy for an economy, being USD or any other currency. It will cause inflation, as the current inflation rate of US economy is very low, that makes the economy stable but with continous printing the value of $ will deplete and so will other countries economy be affected as the USD is their reserve currency.

I feel the reserve bank board may need to reconsider this monetary intervention policy.

[dothebeats]

If Biden's administration pass on a bigger stimulus, imagine the direct effects to those who will be on the receiving end of the money. They will realize that the bigger number doesn't really change a thing, as the value has already plummeted down once the money is out. True that it might cause some good rides for bitcoin and the cryptocurrency market in general, but you don't really want to see the after-effects of inflation coming into full play. The US is on the edge right now in terms of its domestic economy, and even though the stimulus fund is expected to stimulate the domestic economy, you can't really force people to spend it on things that you want the money to go to.

[Gozie51]

And I hope USA will contunie this stimulus tradions!

Any little helps for btc price to go up

No Biden may not continue for long. I think he might look for quicker measure than continuation of the package because of covid-19. Such ways he could work on is to ensure more  drugs for prevention and cure flood into the market. Is better to increase the provision made for research on covid-19 than to rely on stimulus because that will later increase inflation.

[Mauser]

That's not bad for bitcoin
Its very good to btc hodlers whos not located in USA but hodling the btc.
So if USA keep printing and keep giving out stimulus we are all good.
I hope that after this stimulus will push btc up there will be more stimulus rounds to go.
First 3 T i hope it can be nice warm up! And I hope USA will contunie this stimulus tradions!

Any little helps for btc price to go up

I think this is just a gift for all the people who voted for him. He already promised during his campaign to hand out more money. The corona pandemic is still forcing many people into lockdown and this stimulus package is actually a good thing. In my opinion giving the poor and middle class families money would help everybody because they definitely need the money and will likely spend it very fast. So the money goes back into circulation and helps the economy.

[fiulpro]

I don't know really understand how USA is able to print so much money , maybe they are using all their supplies and securities that they had and now I genuinely thought that it would for sure stop at the second or the third but it continues to baffle me.

Will the price of the dollar fall?
Will people invest it into bitcoins ?
Will the stimulus reach the homeless people too?

There are certain websites which do provide a detailed idea of if the person qualifies for a stimulus or no at the same time we have not seen a significant improvement in the COVID cases in the US. They still have to work hard towards that , maybe give people masks and sanitizers with the stimulus. Don't know really why people hate masks there though.

A small quote from a website :

Citigroup says U.S. dollar may drop by 20% next year on vaccine push. The dollar is likely to begin a drop of as much as 20 per cent in 2021 should COVID-19 vaccines become widely distributed and help to revive global trade and economic growth, according to Citigroup Inc.

This is to be expected for sure. We don't know really how far this will drop to.

[cryptoboss2020]

I don't know really understand how USA is able to print so much money , maybe they are using all their supplies and securities that they had and now I genuinely thought that it would for sure stop at the second or the third but it continues to baffle me.

Will the price of the dollar fall?
Will people invest it into bitcoins ?
Will the stimulus reach the homeless people too?

There are certain websites which do provide a detailed idea of if the person qualifies for a stimulus or no at the same time we have not seen a significant improvement in the COVID cases in the US. They still have to work hard towards that , maybe give people masks and sanitizers with the stimulus. Don't know really why people hate masks there though.

A small quote from a website :

Citigroup says U.S. dollar may drop by 20% next year on vaccine push. The dollar is likely to begin a drop of as much as 20 per cent in 2021 should COVID-19 vaccines become widely distributed and help to revive global trade and economic growth, according to Citigroup Inc.

This is to be expected for sure. We don't know really how far this will drop to.

Let's not worry about this the fed knows better what they do it.
Also they keep inflation  on 2% level if the inflation reach to 2% or over they stop printing...

First People dont know how the btc price come then they Say also wrong things about money and simple things!!

Omg how bad the schools have prepared People!

[suzanne5223]

Biden stimulus may and may not impact the Bitcoin market cause some individual in the US may follow the footstep of the institutions by using Bitcoin as their reserve fund or asset since the stimulus provided by the President was to provide help to the eligible or vulnerable Americans who are per food and safety provision for workers on their job.

[figmentofmyass]

they're gonna jack up our taxes, and then throw us back some crumbs in the form of a stimulus check---great!

OP, you really seem to be fixated on all this stimulus money the US is giving out.  Are you even a US citizen?

if stimulus money pumps the price of bitcoin, i guess it doesn't matter where he lives.

even if not many people put their stimulus checks into bitcoin, dropping helicopter money on people removes pressure to sell off their investments. that pumps all markets, including bitcoin.

[giammangiato]

That's not bad for bitcoin
Its very good to btc hodlers whos not located in USA but hodling the btc.
So if USA keep printing and keep giving out stimulus we are all good.
I hope that after this stimulus will push btc up there will be more stimulus rounds to go.
First 3 T i hope it can be nice warm up! And I hope USA will contunie this stimulus tradions!

Any little helps for btc price to go up

It looks that Biden insidation in the white house could increase our gain with BTC, I hope in the increment of liquidity. If everything will go in the right way we can see  BTC ate $ 100k before the end of the year! Long live to Biden economy and btc pump

[Kocret02]

Yo, hyperinflation is imminent if the US kept on printing money and not paying debts, so bitcoin may not be affected, but countries who are dependent to America will be. And with this the world economy will be in shambles as USD is a major anchor of most currencies in the market. So you still would have tp worry.

Printing too much money will only make the US a country that has a devastated economy, but we will not be worried that if the USD fails, it seems that there is already a substitute for another currency that is ready to replace the USD to establish relations with all countries in the world

[BrewMaster]

it is all the money that the previous administration minted and now they are (as i have said many times before) slowly entering circulating and eventually contribute toe the inevitable inflation that the US dollar is going to experience.
but this is not a US specific case. the rest of the countries have been doing the same crazy thing for the past year. they keep printing a lot of money and hand it out to try and reduce the effects that the pandemic had on the economy. eventually all contributing to the inflation.