Big test for Bitcoin during the next Economic Collapse.

[Wind_FURY]

Inflation in the United States is NOT transitory, and the Fed Chairman Jerome Powell should start telling Americans to lower their standards of living, then raise interest rates, the same as what Volker has done during 1981.



BUT, will he? BRRRRR!

[Argoo]

The world economy has lost a lot over these two years of unprecedented measures to combat the coronavirus pandemic. Moreover, the measures were so harsh and often meaningless that sometimes it seemed that the collapse of the economy was happening with some intent. Therefore, a global economic crisis is inevitable. I even want to see how Bitcoin and other decentralized cryptocurrencies will behave during such a global crisis, because I am sure that the cryptocurrency and the people who have invested their funds in it will only benefit. After that, the popularity of cryptocurrency should skyrocket.

[Gyfts]

...

To add context this - There are two parts to the inflation problem, one, of course, the fed is responsible for. Endless money printing, or rather, endless money injection into the economy through QE is on the fed. What they can't control are the rising costs of goods due to global supply chain disruption. They're stuck in a rough place, but I don't have much sympathy as they are the ones that put themselves there.

[lixer]

The world economy has lost a lot over these two years of unprecedented measures to combat the coronavirus pandemic. Moreover, the measures were so harsh and often meaningless that sometimes it seemed that the collapse of the economy was happening with some intent. Therefore, a global economic crisis is inevitable. I even want to see how Bitcoin and other decentralized cryptocurrencies will behave during such a global crisis, because I am sure that the cryptocurrency and the people who have invested their funds in it will only benefit. After that, the popularity of cryptocurrency should skyrocket.

Right now as the situation is going I am also feeling we are on verge of big collapse and going to be some serious economy crisis in near future because too much chaos around. But bitcoin price is doing good which is still good hope in this all darkness. Because, if governments going to print notes for avoiding this all, then surely it's going to be bitcoin as really the best choice for them.

It was observed that all stock markets fell, even bitcoin suffered, but the bitcoin market followed by gold, were the markets that recovered in quick time. Bitcoin has become one of the best havens for people to store their money, even it might still volatile.

[Wind_FURY]

...

To add context this - There are two parts to the inflation problem, one, of course, the fed is responsible for. Endless money printing, or rather, endless money injection into the economy through QE is on the fed. What they can't control are the rising costs of goods due to global supply chain disruption. They're stuck in a rough place, but I don't have much sympathy as they are the ones that put themselves there.

I believe even without any global supply chain disruption, inflation would definitely happen simply because of all the Fed’s BRRR-money printing. This set of money printing during the pandemic is unique because the government gave much of the money directly to the people. If hyperinflation happens, it’s not the first time, https://recision.files.wordpress.com/2010/12/jens-parsson-dying-of-money-24.pdf

[Rasa nanas]

The world economy has lost a lot over these two years of unprecedented measures to combat the coronavirus pandemic. Moreover, the measures were so harsh and often meaningless that sometimes it seemed that the collapse of the economy was happening with some intent. Therefore, a global economic crisis is inevitable. I even want to see how Bitcoin and other decentralized cryptocurrencies will behave during such a global crisis, because I am sure that the cryptocurrency and the people who have invested their funds in it will only benefit. After that, the popularity of cryptocurrency should skyrocket.

The existence of this pandemic has made most people aware of the importance of investment and side income. I strongly convinced that after this pandemic is over cryptocurrency will develop very rapidly because many people come to invest. cryptocurrency will slightly reduce the impact of the global crisis because cryptocurrency will help the economy of many people in the future.

[Kimonoe]

The world economy has lost a lot over these two years of unprecedented measures to combat the coronavirus pandemic. Moreover, the measures were so harsh and often meaningless that sometimes it seemed that the collapse of the economy was happening with some intent. Therefore, a global economic crisis is inevitable. I even want to see how Bitcoin and other decentralized cryptocurrencies will behave during such a global crisis, because I am sure that the cryptocurrency and the people who have invested their funds in it will only benefit. After that, the popularity of cryptocurrency should skyrocket.

The existence of this pandemic has made most people aware of the importance of investment and side income. I strongly convinced that after this pandemic is over cryptocurrency will develop very rapidly because many people come to invest. cryptocurrency will slightly reduce the impact of the global crisis because cryptocurrency will help the economy of many people in the future.

Besides that, by getting additional income, we will be free from the spiral of inflation that continues to increase. but to choose a good investment we must also know the characteristics so that we know the advantages and disadvantages, cryptocurrencies are currently experiencing a boom, and still have the opportunity to seek profit

[Wind_FURY]

https://twitter.com/jack/status/1451733913961783299

Hyperinflation is going to change everything. It’s happening.

I started this topic on February 22, 2021. Merely eight months later, these are the words of someone who is obviously smarter than a pleb like me. “It’s happening”, and you know what to do. Buy the DIP and?

[Zanab247]

The pandemic really affected the economy and other investors in the country. Many companies found it difficult to pay their workers because of the lockdown that took place over some years in the country. Those that invested on bitcoin during the pandemic, where other cryptocurrencies where reducing in the exchange market that was causing bitcoin massive pumping for investors to make a good profits from their business. Just few days ago bitcoin price increase to $60, show that there will be so much profits to earn this year 2021 from bitcoin investment.
Since the economy that covid-19 virus has collapsed during the pandemic is about to improve because of the huge amount of fiat money the government has budgeted for 2021 budget to improve many investors in the country.

[Wind_FURY]

Markets will crash because of a “threat” that the Fed/Central Banks around the world will raise rates. No one is a real man today like Paul Volker. Jerome Powell, or someone replacing him, will never tell the people to lower their standard of living, because an economic crunch is coming.

[Wind_FURY]

The government is making a narrative that “almost no one saw INFLATION coming”? Almost no one? It’s in the news, it’s right in front of everyone, everyone noticing the surging prices for basic needs, and the government claims “almost no one saw it coming?

[habebe]

Professional investors are earning big on a Bitcoin and as it has filled more positions so far a smooth signal and it is slowly shifting investors from stocks to a crypto market.  No one can accurately predict what the result of the cryptomarket will be when it crashes the global economy will also be affected but one thing is for sure, the Cryptomarket will actually recover it in case the signal is good and hopefully the crypto result will not be affected.  .

[Wind_FURY]

Turkey will hike its minimum wage by a massive 50% to 4,250 lira ($275.44) per month next year to address a currency crash and inflation spike, President Tayyip Erdogan said on Thursday.

The dollar value of the 2021 minimum wage – some 2,825 lira monthly – has tumbled to $185 from $380 at the start of the year due to the currency crisis, Turkey’s second in four years.

https://egyptindependent.com/turkey-hikes-minimum-wage-by-50-in-face-of-lira-crisis/

I’m not an economist, and I’m not also very intelligent. I am merely a low-IQ pleb, BUT I believe this is one of the first signs that a country is on the brink of Hyperinflation. Turkey increased minimum wage by 50%, but the wage hike is still lower if converted to the U.S. Dollar. Is anyone from Turkey? How much is BTC/LIRA?

[Distinctin]

Well, from the month of June 2020 to July 2021, USA has printed more money which values $212 Billion and again released another print order for the year 2022. Now, that concludes the fact that USA is on the brink of economic collapse. Hyperinflation is getting real in USA and their local currency is falling.

If I remember it well, I think the last time that the USA have closest experienced to hyperinflation was on Civil War. Correct me if I'm wrong. So maybe Satoshi had really prepared and gave a thought that this would going to happen somehow a decade after he created bitcoin. For sure, many people would run to bitcoin to invest their hard-earned cash despite of high volatility because bitcoin is really proven to be a hedge against inflation.

[oHnK]

Well, from the month of June 2020 to July 2021, USA has printed more money which values $212 Billion and again released another print order for the year 2022. Now, that concludes the fact that USA is on the brink of economic collapse. Hyperinflation is getting real in USA and their local currency is falling.

Their hyperinflation is already in sight, but every time there is a policy of printing a certain amount of money, it means that the money supply in the market will increase and the solution they take is tappering off.  Reducing QE is one of their steps to stabilize the economy, whereas when compared to BTC if it is legalized, who will control the bubble price later?  because it is difficult to apply BTC as a medium of exchange because of the health of the country's finances, that's all.

[Wipeout2097]

Bitoin become now an asset and medium of trade at same time.Initial days of Bitcoin confronted feedback like its a scam and bubble etc but at long last world realized that Bitcoin is portion of economy and incredible development within the budgetary world. whether the affect of the current massive redress could be a result of these issues, since when alluding to timeframes, there's a few kind of concern that dealers have. we trusted the hyperinflation of the dollar would surpass the restrain on the off chance that the printing was copied. No doubt there are demerits of Bitcoin but for the most part have benefits for all either person or coropration or financial specialists.

[JayJuanGee]

Well, from the month of June 2020 to July 2021, USA has printed more money which values $212 Billion and again released another print order for the year 2022. Now, that concludes the fact that USA is on the brink of economic collapse. Hyperinflation is getting real in USA and their local currency is falling.

Their hyperinflation is already in sight, but every time there is a policy of printing a certain amount of money, it means that the money supply in the market will increase and the solution they take is tappering off.  Reducing QE is one of their steps to stabilize the economy, whereas when compared to BTC if it is legalized, who will control the bubble price later?  because it is difficult to apply BTC as a medium of exchange because of the health of the country's finances, that's all.

I am not really disagreeing with your point oHnK that tappering and reducing QE are the stated steps to attempt to put some level of responsibility back into fiat systems.. but surely we have to watch what they do and not just what they say because it surely seems that they have painted themselves into such a corner that they are not even able to do the tappering and reduction of QE as they say that they are going to do.  So in other words, do you really believe them?  It's not even that they are malicious in their lies, it's just a likely impossible feat to pull off.. and so there is a lot of hopium in a lot of these matters.

I had heard a suggestion that some form of responsible monetary policy could be a way for some kind of smoother transition, and of course, getting back to a gold standard seems almost impossible based on actual issues with gold debasement... but fiat systems getting into the acquisition of BTC on the side in order to attempt to allow for some kind of a more responsible transition and to maybe get the market to play out more freely could be a solution, but they might be many years from either employing such a transition or even contemplating it with seriousness because some of the folks in power still have faith that matters will just resolve themselves by saying that you are going to tapper and reduce QE when you really cannot even come close to doing it without experiencing really considerable bubble implosions.

[oHnK]

I had heard a suggestion that some form of responsible monetary policy could be a way for some kind of smoother transition, and of course, getting back to a gold standard seems almost impossible based on actual issues with gold debasement... but fiat systems getting into the acquisition of BTC on the side in order to attempt to allow for some kind of a more responsible transition and to maybe get the market to play out more freely could be a solution, but they might be many years from either employing such a transition or even contemplating it with seriousness because some of the folks in power still have faith that matters will just resolve themselves by saying that you are going to tapper and reduce QE when you really cannot even come close to doing it without experiencing really considerable bubble implosions.

The reason the US left the gold standard was because they felt disadvantaged due to the limited amount of gold available so that it was difficult for them to print money as they wanted, especially during the long economic crisis.  So why do I say that the difficulty of the government to accept BTC as a medium of exchange is not only a matter of power politics but a market that cannot be predicted with clear indicators of calculation.  Talking about the medium of exchange cannot be separated from economic forecasts, budgets and others.  For example, if you have a company that wants to buy raw materials in the next 3 months, without a stable value in the BTC market, how can you estimate the cost now?  can hedging function be a solution?

[Gozie51]

Well, from the month of June 2020 to July 2021, USA has printed more money which values $212 Billion and again released another print order for the year 2022. Now, that concludes the fact that USA is on the brink of economic collapse. Hyperinflation is getting real in USA and their local currency is falling.

Their hyperinflation is already in sight, but every time there is a policy of printing a certain amount of money, it means that the money supply in the market will increase and the solution they take is tappering off.  Reducing QE is one of their steps to stabilize the economy, whereas when compared to BTC if it is legalized, who will control the bubble price later?  because it is difficult to apply BTC as a medium of exchange because of the health of the country's finances, that's all.

Well, printing of money will not stabilize the economy and neither will bitcoin do that. Bitcoin wasn't created for stability of an economy even though it look for some like that. It is a tool for investment asset or deflationary. This role can not limit bitcoin into any hole to be guided or controlled and so it can only be used decentralised and this is why countries are finding it difficult to openly adopt it

[LUCKMCFLY]

Turkey will hike its minimum wage by a massive 50% to 4,250 lira ($275.44) per month next year to address a currency crash and inflation spike, President Tayyip Erdogan said on Thursday.

The dollar value of the 2021 minimum wage – some 2,825 lira monthly – has tumbled to $185 from $380 at the start of the year due to the currency crisis, Turkey’s second in four years.

https://egyptindependent.com/turkey-hikes-minimum-wage-by-50-in-face-of-lira-crisis/

I’m not an economist, and I’m not also very intelligent. I am merely a low-IQ pleb, BUT I believe this is one of the first signs that a country is on the brink of Hyperinflation. Turkey increased minimum wage by 50%, but the wage hike is still lower if converted to the U.S. Dollar. Is anyone from Turkey? How much is BTC/LIRA?

Not only Turkey, in Colombia they also increased them, from 800k COP to 1M COP, this has been like 250USD per month, which all began to rise in price, leaving an inflation above 5% according to the economists of that country, I know that the USA has many economic problems, Powell has already stated it several times, so what is safe? pass the money to Gold? Bitcoin? to safe stocks? In the event of an eventual world crash, what is the best thing to do? I see that the USD is falling, the EUR remains more stable, I think that the FIAT money economy is no longer safe as many believe.