peter0425
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May 29, 2021, 05:15:37 AM |
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There's actually very little inflation in the economy right now.
Little comparing to what happens in 2020 What is very worrying is that people are expecting high inflation. And because of these inflationary expectations, you could have a self-fulling prophecy situation where inflationary expectations alone are able to lead to actual inflation in the future.
actually it is the media that makes peoples mind like that. The quantitative easing and the myriad of fiscal stimuli are going to come at a cost, one way or the other. There is absolutely no way around that, although most policymakers still seem delusional about the potential consequences for some reason.
Hope that Inflation had already passed and wont effect the crypto market.
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Vishnu.Reang
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May 29, 2021, 06:55:05 AM |
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Hope that Inflation had already passed and wont effect the crypto market. Inflation is actually good for the cryptocurrency market. Since most of the cryptocurrencies (except a few shitcoins such as Doge) has controlled supply mechanism, inflation would only mean a higher exchange rates for them. The net value of the other assets such as equities, real estate and bullion will go down as a result of inflation, while that of cryptocurrency will remain the same. And this will attract more investors, which in turn will result in another pump for the cryptocurrencies.
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dkbit98
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May 29, 2021, 10:59:30 AM |
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Interesting read. The flaw in this study however is that bitcoin had such a stellar performance during the last years, that even if you add it to a shitty portfolio, the overall risk/reward is stellar. So, as you said, the point is to assess the probability of future performance: bitcoin is going to stay a powerful inflation hedge only if will continue to exhibit a meaningful drift.
Don't worry so much about that because Biden and all other governments will take care of that with their new budget packages starting with United States 6 Trillion dollar budget and they plan to increase it to 8.2 trillion dollars by year 2031. Other countries will soon follow what America is doing and some of them will do even more printing, so we can simply do the math and follow stocks-to-flow model by PlanB. Bitcoin will still have volatility and price manipulation but I am sure it will beat inflation more than any other asset like gold and precious metals.
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Gyfts
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May 29, 2021, 11:36:43 AM |
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Trust me, government officials are well aware of inflation, they just don't care because it's more convenient in the "now" to turn the printer into overdrive and create money out of thin air instead of fixing systemic problems. The US within the last year has printed more money than ever has existed in history before -- it's not like Americans are brain dead and don't understand fiscal responsibility. They knew the currency would bloat up, they just didn't care because it's a problem that can be pushed onto the next guy. What's terrifying is the money the US owes to China. What happens when the US economy crashes? Surely that will effect China's economy if/when they default on their loans. And then what? Two of the largest economies in the world crash? Scary.
Just now, the most important thing for the government is to fight the coronavirus and overcome the negative phenomena for the economy, and the launch of a printing press for this is the most affordable and seemingly safe measure. Another question is how safe it is depends on the amount of money being printed and how efficiently the economy can digest it. However, judging by the volume of the stock market and the explosive growth of cryptocurrencies before this, it was clear where the excessive amount of money goes, but the situation is not stable and the current situation with the collapse of the bitcoin exchange rate suggests this. Therefore, we will monitor the situation and hope for the best, but the most important thing is to defeat the coronavirus epidemic. When does fighting COVID become worse than the disease itself? Major economies were entirely shut down so we could "stop the spread". Then, the money printing machine commences. I don't know how important it was to "fight Covid", at least in the traditional sense of locking everyone up, having entire industries lay off a chunk of their employees, and then begin issuing petty checks to compensate.
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affandi
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May 29, 2021, 12:49:27 PM |
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We know the inflation rate continues to increase every year, because Fiat continues to be printed and the economy worsens due to the Covid-19 pandemic in which people's purchasing power continues to decrease where every shop has decreased visitors.
in 2005 I bought a pack of cigarettes for $2 and now the price of that pack of cigarettes has increased dramatically to $20
the current solution is to invest in crypto or gold assets which in my opinion in the future will help the rate of economic growth for each individual.
The example you have cited is an extreme case, because for different assets inflation is not uniform. One thing I would agree is that inflation will be worse in the near term. Because the governments around the world have returned to the big spending mode, after two decades of fiscal conservatism (the changing political mood necessitates it in many of the countries). This trend started many years ago, but the pandemic has now given the governments an opportunity to justify it. Yes, that's right, the regulations in each country are different, trade wars are the main solution to this problem, for example, like the United States and China attacking each other to increase their currency exchange rates, and that has a bad impact on the ecosystem of developing countries.
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Coin_trader
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May 29, 2021, 12:55:45 PM |
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We know the inflation rate continues to increase every year, because Fiat continues to be printed and the economy worsens due to the Covid-19 pandemic in which people's purchasing power continues to decrease where every shop has decreased visitors.
in 2005 I bought a pack of cigarettes for $2 and now the price of that pack of cigarettes has increased dramatically to $20
the current solution is to invest in crypto or gold assets which in my opinion in the future will help the rate of economic growth for each individual.
The example you have cited is an extreme case, because for different assets inflation is not uniform. One thing I would agree is that inflation will be worse in the near term. Because the governments around the world have returned to the big spending mode, after two decades of fiscal conservatism (the changing political mood necessitates it in many of the countries). This trend started many years ago, but the pandemic has now given the governments an opportunity to justify it. Yes, that's right, the regulations in each country are different, trade wars are the main solution to this problem, for example, like the United States and China attacking each other to increase their currency exchange rates, and that has a bad impact on the ecosystem of developing countries. Trade wars is only applicable for those rich country such as US and China as your example. But all the key players on trading are those small country which supplying raw materials for them. Inflation is inevitable due to the fiat nature of unlimited supply.
Neither Crypto nor gold is the solution for this problem because we can not force everyone to break the norm of using fiat since its the official currency in each respective country. The only solution was revising the economic flow globally.
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verita1
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May 29, 2021, 11:13:15 PM |
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Here's an interesting tweet by Gordon Johnson, a Twitter user knowledgeable about the US economy, addressing his argument, he replies to a tweet from Paul Krugman, a New York Times Opinion columnist. Paul Krugman argues that there is no need to worry about inflation. https://twitter.com/GordonJohnson19/status/1398655281714843654?s=19
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AndySt
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May 29, 2021, 11:55:24 PM |
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Hope that Inflation had already passed and wont effect the crypto market. Inflation is actually good for the cryptocurrency market. Since most of the cryptocurrencies (except a few shitcoins such as Doge) has controlled supply mechanism, inflation would only mean a higher exchange rates for them. The net value of the other assets such as equities, real estate and bullion will go down as a result of inflation, while that of cryptocurrency will remain the same. And this will attract more investors, which in turn will result in another pump for the cryptocurrencies. Why should the value of real estate and bullion necessarily fall as a result of inflation? I think that on the contrary, inflation leads to an increase in the cost of goods and services as a result of the functioning of a large amount of money in the market. The same should apply to the stock market and the cryptocurrency market, so you really should not be afraid of the impact of inflation on the cryptocurrency market. If there is an impact, it is more positive than negative. Although, of course, there are exceptions to the rules, such as the lag of the rise in real estate prices from the level of inflation, or the collapse of prices in the real estate market, but there are already reasons that are stronger than inflation at a particular time.
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Iphomme (OP)
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May 30, 2021, 01:28:34 AM |
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The increase on inflation can't be stop, and that's why every government is trying their best to slow this one down and prevent the hyperinflation that is already happening in some countries, and the result is really bad for them. I understand the cost of living nowadays, and we should do our best to increase our source of income so when the big inflation hits, we still have a money that can support our daily needs, don't put your money on a bank, better to put it on any investment asset so the value of your money increases.
It's Getting worst by Pandemic the foundation can not support to all people. Some our country experienced hyperinflation and they suffered for their needs and want that they can not afford to buy on their self. But most in our community are in a status of vulnerability living like poor. They are the lowest people who suffered by inflation.
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andriarto
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May 30, 2021, 12:00:02 PM |
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We know the inflation rate continues to increase every year, because Fiat continues to be printed and the economy worsens due to the Covid-19 pandemic in which people's purchasing power continues to decrease where every shop has decreased visitors.
in 2005 I bought a pack of cigarettes for $2 and now the price of that pack of cigarettes has increased dramatically to $20
the current solution is to invest in crypto or gold assets which in my opinion in the future will help the rate of economic growth for each individual.
The example you have cited is an extreme case, because for different assets inflation is not uniform. One thing I would agree is that inflation will be worse in the near term. Because the governments around the world have returned to the big spending mode, after two decades of fiscal conservatism (the changing political mood necessitates it in many of the countries). This trend started many years ago, but the pandemic has now given the governments an opportunity to justify it. Yes, that's right, the regulations in each country are different, trade wars are the main solution to this problem, for example, like the United States and China attacking each other to increase their currency exchange rates, and that has a bad impact on the ecosystem of developing countries. developing countries are suffering because of the economic war between the two countries. on the one hand, China is boosting its economy to rule the world, while America seems to be strengthening its military power system, but they don't seem to want to lose their name as a superpower.
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Vishnu.Reang
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May 30, 2021, 12:01:24 PM |
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Why should the value of real estate and bullion necessarily fall as a result of inflation? I think that on the contrary, inflation leads to an increase in the cost of goods and services as a result of the functioning of a large amount of money in the market. The same should apply to the stock market and the cryptocurrency market, so you really should not be afraid of the impact of inflation on the cryptocurrency market. If there is an impact, it is more positive than negative. Although, of course, there are exceptions to the rules, such as the lag of the rise in real estate prices from the level of inflation, or the collapse of prices in the real estate market, but there are already reasons that are stronger than inflation at a particular time.
You didn't understood what I posted. The nominal price of real estate and bullion may go up as a result of inflation (in terms of fiat currency). But overall, the purchasing power of fiat goes down due to inflation, and it will make sure that the real value of these assets are lower than the pre-inflation level. Let me give you an example: A country is having 20% annual inflation for 5 years. Nominal value of fiat currency remains same, but the purchasing power goes down by 60%. That means that purchasing power of 100 units of fiat currency during pre-inflation level is now equal to 250 units post-inflation. So in order for real estate and bullion to maintain their purchasing power, their nominal price needs to go up by 150%. But in real life cases, it never goes up by that much. At may be 50% or 60% at the most.
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dongyi17
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May 30, 2021, 12:47:34 PM |
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I think the inflation because of pandemic, the price increase, food, services, and other needs for living everyday. And I also think why the prices increase is to get their losses from previous year, that is business they are only thinking is to get profit.
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bryant.coleman
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May 30, 2021, 01:42:11 PM |
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I think the inflation because of pandemic, the price increase, food, services, and other needs for living everyday. And I also think why the prices increase is to get their losses from previous year, that is business they are only thinking is to get profit.
Nope.. I don't think that the businesses are responsible. With so much competition, it is virtually impossible for the businesses to overcharge. The problem is with the governments. Now they got the justification in terms of the pandemic and no one will question them if they print unlimited amounts of banknotes. The US government has announced additional spending plans worth $6 trillion. The other countries are likely to follow the example. It is a once in a lifetime opportunity for the politicians to steal trillions of USD from the public exchequer. And hyperinflation will be one of the several consequences that result from this robbery.
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oHnK
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May 30, 2021, 02:37:51 PM |
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I think the inflation because of pandemic, the price increase, food, services, and other needs for living everyday. And I also think why the prices increase is to get their losses from previous year, that is business they are only thinking is to get profit.
Nope.. I don't think that the businesses are responsible. With so much competition, it is virtually impossible for the businesses to overcharge. The problem is with the governments. Now they got the justification in terms of the pandemic and no one will question them if they print unlimited amounts of banknotes. The US government has announced additional spending plans worth $6 trillion. The other countries are likely to follow the example. It is a once in a lifetime opportunity for the politicians to steal trillions of USD from the public exchequer. And hyperinflation will be one of the several consequences that result from this robbery. Yup, I couldn't agree more. The government is the most responsible for the inflation issue in the country. At first the government could print money with gold collateral in the country, but now they are so free to print money without any underlying assets. The current alibi of the government and central bank, if asked what is the underlying asset of a currency today? The short answer is a guarantee from the country's central bank. But their policy is to print so much money just to fill the stomachs of the corruptors because it has been proven that in many countries the distribution of subsidized money does not reach the public. deposit interest that can reach millions of dollars.
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sana54210
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May 30, 2021, 06:40:36 PM |
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I think the inflation because of pandemic, the price increase, food, services, and other needs for living everyday. And I also think why the prices increase is to get their losses from previous year, that is business they are only thinking is to get profit.
Nope.. I don't think that the businesses are responsible. With so much competition, it is virtually impossible for the businesses to overcharge. The problem is with the governments. Now they got the justification in terms of the pandemic and no one will question them if they print unlimited amounts of banknotes. The US government has announced additional spending plans worth $6 trillion. The other countries are likely to follow the example. It is a once in a lifetime opportunity for the politicians to steal trillions of USD from the public exchequer. And hyperinflation will be one of the several consequences that result from this robbery. Business' are a bit of a responsible for the increase in price, but it is mostly the people who run and their greed. At the end of the day these companies are still making a ton of money, why are they increasing the price? What happens is that lets assume there is a company that sells a product for 10 bucks and they make 1 billion dollars a year right? So the costs increase, and then they spend some more this year because of pandemic, and even sell a bit less, now they are making 100 million dollars. In order to prevent that they increase the price to 12.40 and they decrease the product size as well and fire thousands of workers and now they are making 150 million dollars instead of 100, they are still not making 1 billion, but they declined to make 100 million and for that extra 50 million profit they decided it was okay to charge more and fire people. That's what is wrong.
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Sithara007
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May 31, 2021, 07:01:37 AM |
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Business' are a bit of a responsible for the increase in price, but it is mostly the people who run and their greed. At the end of the day these companies are still making a ton of money, why are they increasing the price? What happens is that lets assume there is a company that sells a product for 10 bucks and they make 1 billion dollars a year right? So the costs increase, and then they spend some more this year because of pandemic, and even sell a bit less, now they are making 100 million dollars.
In order to prevent that they increase the price to 12.40 and they decrease the product size as well and fire thousands of workers and now they are making 150 million dollars instead of 100, they are still not making 1 billion, but they declined to make 100 million and for that extra 50 million profit they decided it was okay to charge more and fire people. That's what is wrong.
No one runs a business for charity. If the business is not profitable, then why anyone should go through all the pains? The rich can simply invest in treasury bonds and see their net wealth increasing without any effort. And let's not forget the fact that a large share of the businesses are facing bankruptcy as a result of this pandemic. If a company is able to sell their product at a premium price (take Apple for example), that is because of the exceptional quality of that product, and due to the brand name that was built over the years.
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Kittygalore
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May 31, 2021, 12:46:06 PM |
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I think the inflation because of pandemic, the price increase, food, services, and other needs for living everyday. And I also think why the prices increase is to get their losses from previous year, that is business they are only thinking is to get profit.
The pandemic is the main reason but that doesn't mean that it is a solvable problem because people can adapt, maybe at first they are in the dark as to what to do but as time goes on, they will slowly adapt to a new normal. The root reason for inflation is that the raw materials for products are getting expensive.
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PIR
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June 01, 2021, 06:28:42 AM |
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The risk of inflation in Economy really affect the whole system specially now that we are in Pandemic situation the government as well as individual are looking for the means to gain income or earn to make a living. Business world are also affected even the small enterprise, that is why those who engage in cryptocurrency world hope to earn and make profit so that it would somehow help them.
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bryant.coleman
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June 01, 2021, 07:25:12 AM |
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The risk of inflation in Economy really affect the whole system specially now that we are in Pandemic situation the government as well as individual are looking for the means to gain income or earn to make a living. Business world are also affected even the small enterprise, that is why those who engage in cryptocurrency world hope to earn and make profit so that it would somehow help them. The purpose of cryptocurrency is not to create jobs or profits for businesses. But if they use cryptocurrency in the proper way, then ultimately it will result in benefit. IMO, the biggest advantage with cryptocurrency right now is that it can act as a store of value. Governments around the world are announcing big spending plans and this will ultimately result in extreme inflation. Moving your funds to some asset, that is at least partially protected against inflation will help you to protect your wealth during these difficult times.
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el kaka22
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June 01, 2021, 04:32:13 PM |
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Inflation is not "that" bad when it's done properly, because the money we have needs to grow more and more so that everyone could have more, the greed in human nature can be swallowed hole from the inflation, everyone could get richer and we would be doing fine.
However the problem is when there is a 2% inflation and 90% of that is for the billionaires and none of it for the regular people, that is not going to be the inflation that is the problem, it is the wealth gap. When you have more unemployed people, and when you have millions of more people who are working for minimum wage because they accept anything they can find instead of being unemployed, when you have college graduates who work at mcdonalds, and then you look at 10 people making nearly 300 billion dollars in profit, you know that inflation is not the issue and it is the unfair advantage rich people have.
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