michellee
|
|
October 16, 2021, 03:06:45 AM |
|
Unfortunately, the government does not see the benefit of bitcoin to them. If they can see that using bitcoin can prevent them from printing more money and preventing inflation sooner or later, they can integrate their financial system with blockchain.
People do not care about that because they will not complain to their government as long as they can still earn money from what they did. People think that is their government's job but once inflation almost happens, people will ask how the government works and needs to solve the problem.
|
|
|
|
Tessnik
Member
Offline
Activity: 336
Merit: 16
|
|
October 16, 2021, 06:37:32 AM |
|
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them
Please read a few resources about Bitcoin supply and Central bank digital currency (CBDC). Next, look at the chronological chart of the purchasing power of US dollar. Lastly, make sure you read the topic about Equivalent network time. In that topic, you will get the estimated time to mine 1 BTC, now (since 2020 May halving till 2024 halving) that is about 48 seconds; then compares it to the estimated time about 12 mins 48 secs in 2032. In 2032, 99.2% of total supply will be mined (see in Controlled supply) guess it will take the government some time to come to terms with decentralized cryptocurrency such as bitcoin, this is because the government will not want to adopt what they can not control and this is the reason we now have central bank digital currency which is aimed at contending with Bitcoin.
|
|
|
|
Kakmakr
Legendary
Offline
Activity: 3444
Merit: 1958
Leading Crypto Sports Betting & Casino Platform
|
|
October 16, 2021, 06:47:59 AM |
|
Well, if you consider Bitcoin (high risk) as a anti-inflation currency... then you might want to re-consider your investment. Bitcoin has a good store of value, but it is not guaranteed and you would be making a big mistake to invest all your money into Bitcoin.. in the hope that it will continuously beat inflation as an investment. The long-term "dream" of all Bitcoin supporters is that the spike cycle will repeat it self over the next years... but when you have bitcoins in the recovery cycle... it goes down very hard and it does not beat inflation.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
coinism
|
|
October 16, 2021, 07:29:56 AM |
|
Well, if you consider Bitcoin (high risk) as a anti-inflation currency... then you might want to re-consider your investment. Bitcoin has a good store of value, but it is not guaranteed and you would be making a big mistake to invest all your money into Bitcoin.. in the hope that it will continuously beat inflation as an investment. The long-term "dream" of all Bitcoin supporters is that the spike cycle will repeat it self over the next years... but when you have bitcoins in the recovery cycle... it goes down very hard and it does not beat inflation. You are very right, the irony is the everyone in crypto world thinks that fiat is useless and crypto is the solution. While fiat has issues, crypto too has its owner issues of volatility, scalability, high fee etc. One more important point to understand is that crypto can never be beneficial for governments, as they have zero control over the financial system in that case. How can they collect taxes n run affairs of the country ? Correct me if I m wrong.
|
|
|
|
bittraffic
|
|
October 16, 2021, 07:36:15 AM |
|
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them
Please read a few resources about Bitcoin supply and Central bank digital currency (CBDC). Next, look at the chronological chart of the purchasing power of US dollar. Lastly, make sure you read the topic about Equivalent network time. In that topic, you will get the estimated time to mine 1 BTC, now (since 2020 May halving till 2024 halving) that is about 48 seconds; then compares it to the estimated time about 12 mins 48 secs in 2032. In 2032, 99.2% of total supply will be mined (see in Controlled supply) guess it will take the government some time to come to terms with decentralized cryptocurrency such as bitcoin, this is because the government will not want to adopt what they can not control and this is the reason we now have central bank digital currency which is aimed at contending with Bitcoin. They will fight back, of course, if you just follow what Gensler of SEC is doing, you'd realize that they'd go to war before they'd free all of the people from using crypto freely. It's not easy for crypto to face the challenges to become this mainstream. Right now, BTC yet not known to every man so even if the US prints more money to distribute to Americans, some of them will use the bills to buy BTC which is going to be good for the crypto economy. With where Bitcoin is heading which its price is retracing up to $64,000, investors will consider BTC as anti-inflation currency.
|
|
|
|
fullhdpixel
|
|
October 16, 2021, 08:29:38 AM |
|
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
The fiat having inflation means that the worth of bitcoin is going to be increasing since the worth of bitcoin and other cryptocurrencies are in dollars. So if dollar should keep decreasing in value then that’s going to be more increase in the price of bitcoin, even without any much thing, bitcoin will still be increasing just because the fiat is losing value. And this is like a normal thing with fiat, they keep on losing value, which is why it very important to always make sure that you’re investing your money in a good asset that’s going to retain its value and keep increasing in future, and bitcoin is one of those good choice to make anytime.
|
|
|
|
kryptqnick
Legendary
Offline
Activity: 3108
Merit: 1389
Join the world-leading crypto sportsbook NOW!
|
|
October 16, 2021, 08:42:08 AM |
|
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
I don't think the price is rising due to fiat overprinting. While inflation seems to be getting worse, it's not worse by much to encourage people to truly jump to Bitcoin. Also, I believe most Bitcoin users still don't see it as money, but instead hodl it as an investment or trade for profit. For these people, what happens with fiat doesn't really matter because fiat and Bitcoin aren't competitors here. Perhaps one of the factors of the price rising is El Salvador's Bitcoin adoption, and that would mean an increase of people who use Bitcoin as money. But even El Salvador didn't adopt it due to inflation of fiat, since their fiat is the USD.
|
|
|
|
Nathrixxx
|
|
October 16, 2021, 03:53:27 PM |
|
The government just don't go ahead printing money as they want, there are stipulated protocols, agencies amd policies it entangled in, else printing excessive currency will cause a great eruption of economy instability, unemployment, inflation, decrease GDP, interest rate and affect the supply of money. But for a successful balance between Government way of money print and the era of digital asset "bitcoin" we have a control system of the government fiat system called the "Monetary Authority" which ensure the adequacy of currency prints, control and effect the policy for central print. While Bitcoin on it own edge has the sacrifice of efforts required to mine it, else the richest country would have been the ones with the highest currency print. You can as well read further on Monetary Authority
|
|
|
|
lumierre
|
|
October 16, 2021, 04:06:12 PM |
|
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
I absolutely agree with you that Bitcoin is ahead of all fiat money as they can be printed more and more, but Bitcoin is limited and this fact gives additional value to it. When something is limited, it means a limited supply, so the price will grow just because of this. So I think that Bitcoin is in a better position than traditional paper currency or CBDC.
|
CDEX-CROSS-CHAIN DECENTRALIZED EXCHANGE PLATFORM
|
|
|
jrrsparkles
Sr. Member
Offline
Activity: 2408
Merit: 265
Eloncoin.org - Mars, here we come!
|
|
October 16, 2021, 11:53:24 PM |
|
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
Whenever the government prints new money the supply will increase which results in the value loss for the currency so anything we can buy with that currency become expensive than before so the straight action of inflation will be increase in the value of cryptocurrencies.
|
▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
|
|
|
pinggoki
Sr. Member
Offline
Activity: 1484
Merit: 415
★Bitvest.io★ Play Plinko or Invest!
|
|
October 17, 2021, 07:58:56 PM |
|
There's nothing to gain from countries especially US trying to undermine its own currency system by printing more greenbacks. Bitcoin will preserve its value over time regardless if USD falls flat on its face tomorrow. Why? Because bitcoin has an ever-decreasing supply and a limited supply that you cannot add more to. Sure, price dumps makes it look bad and may even seem as if bitcoin's price undermines itself, but if you were to study bitcoin's trends ever since it was conceptualized and released to the public, it has only ever gone up. The government just don't go ahead printing money as they want, there are stipulated protocols, agencies amd policies it entangled in, else printing excessive currency will cause a great eruption of economy instability, unemployment, inflation, decrease GDP, interest rate and affect the supply of money. But for a successful balance between Government way of money print and the era of digital asset "bitcoin" we have a control system of the government fiat system called the "Monetary Authority" which ensure the adequacy of currency prints, control and effect the policy for central print. While Bitcoin on it own edge has the sacrifice of efforts required to mine it, else the richest country would have been the ones with the highest currency print. You can as well read further on Monetary Authority Of course, but printing more money would still put a dent to the value of the currency especially if there are still a lot of it in circulation. Inflation can only be regulated, but never completely removed from the system in the case for fiat currencies like the USD. This doesn't happen to bitcoin and other cryptocurrencies no matter how we argue because it is already programmed to be limited, which puts the usability in jeopardy but in the long run preserves the wealth of those who were able to secure theirs.
|
|
|
|
RILWAN (OP)
Member
Offline
Activity: 742
Merit: 12
Global peace initiative
|
|
November 03, 2021, 06:32:43 PM |
|
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
Whenever the government prints new money the supply will increase which results in the value loss for the currency so anything we can buy with that currency become expensive than before so the straight action of inflation will be increase in the value of cryptocurrencies. Currency printing by the central bank have been one of the major cause of inflation, when the central bank prints new bank notes their devalued the Central currency to Bitcoin that is why Bitcoin have gain constant increase in it value because it has a limited supply.
|
|
|
|
songchunlai
Jr. Member
Offline
Activity: 113
Merit: 1
|
|
November 04, 2021, 04:09:28 AM |
|
Bitcoin will not do anything, it's just that the money is less valuable. It will protect you from being squeezed.
|
|
|
|
Rampagoe004
|
|
November 04, 2021, 07:08:43 AM |
|
The advantages of bitcoin are currently seen from a very limited amount so that the price increase will continue to occur, and this is very different from the central currency which is currently increasingly printed by the government and its value will weaken so that the price of goods is higher and this will fight the flow of bitcoin of course, for now many people who have glanced at bitcoin to be stored as a future asset but some still feel doubtful what is happening. It will happen later, and they seem to have no idea that bitcoin is a very limited amount of digital currency.
|
| | . Duelbits | │ | | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | ██████████████████████████████████████████████████████ . PLAY NOW . ██████████████████████████████████████████████████████ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | |
|
|
|
Sanitough
|
|
November 04, 2021, 08:01:16 AM |
|
Consider bitcoin as an investment in your future and you'll be happy with your life.
The world rotates in a centralized market where corrupt people are in charge, that's the saddest part of centralization, but with bitcoin and crypto as a whole, everything will be transparent and we will its real value based on demand, what I'm only afraid of in the future is if the government will find crypto as a currency they can't beat if they'll play fair, instead, they'll ban it to protect their interest.
|
|
|
|
justdimin
|
|
November 04, 2021, 08:45:02 AM |
|
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
What are the articles that you are referring to? It would be better if you include few of them by linking them so that we may get more idea on your concerns. Simply, fiats will devalue over the time whereas bitcoin will gain more value. The reason must be supply of these two. Bitcoin is expected to grow in exponential against time by assuming fiats will lost its buying power. Governments design fiat in a way to be losing so that people will not save it but will invest or spend whereas bitcoin was designed to be a digital gold which will gain value along with demand and also diminishing (towards zero) supply over the time.
|
|
|
|
Blawpaw
Legendary
Offline
Activity: 1596
Merit: 1027
|
|
November 04, 2021, 12:10:18 PM |
|
The US and EU already said they were printing millions to counter the crisis caused by the pandemic. IMO the huge price increase in cryptos is intimately tied to this fact. Cryptos are inherently the best way to store value when facing government-imposed inflation. Cereal and fuel prices are surging and inflation may start to run wild. The best way you have against the constant devaluation of a country's official currency is Bitcoin. So, while an economical crisis of Global proportions is about to hit, the crypto industry will probably see the largest influx of users in its history.
|
|
|
|
glendall
Legendary
Online
Activity: 2114
Merit: 1018
Next Generation Web3 Casino
|
|
November 04, 2021, 02:48:13 PM |
|
if one country prints more money i think the value of bitcoin will rise significantly where , paper money is spent to buy bitcoin and as we know bitcoin has a limited supply , the law of the market the more demand the more expensive the price if one item is limited
|
| █████████████▄▄▄▄▄▄▄█████▄ ███████████▄█▄█▄████▄▀███████▄▄ ███████▄▄█████▀▄███▀▀█▀████▄▄▄██▄▄ █████▄██▄████████████████▄▀█▄██████▄▄ ████▄█▀▄█▄█████████████████▄▀█████████▄ ░▄█████▀██████████████████▄▄▄██████████ █▄████████████████████████████████████ ▀███▀████████████████████▀██████▌████ ░▀██████████████████████▀▄█▀███▀████ ░░▀██████████████▀████████▀▄███████ ███▀███████████▀███▀██████████████ ████▀███████▀█████████▀██████████ █████▀██▀▀▀██████████████▀█████▀ | | | | | | | | | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████████ | | ▄▄▄██▄▄▄ ▄███████████▄ █████████████▄ ███████████████ ▄█████████████████▄ ▀▀▀▀█████████████▀██ ▀█████████████▄ ▄▀█████████████▄ █▀ ▀▀▀██████████▌ ▐███ ▄█████████▀▀ ▀▀ ▄█████▀▀ ███▀▀ ██▀ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████
|
|
|
|
lucates
Member
Offline
Activity: 222
Merit: 10
|
|
November 04, 2021, 05:10:16 PM |
|
Inflation's a global issue right now - supply chain issues are effecting major ports causing product shortages, and then there's the issue with central banks injecting too much cash into the money supply producing long term inflation upwards of 5 percent for some places. The US federal reserve in particular is on the hook for trillions in liabilities, and when they default on their debts, I'd expect Bitcoin to skyrocket as the world's largest currency falls. China is having some issues with their economy as well, but CNY I'd predict will last a bit longer than USD, but with global markets so intertwined, expect a domino effect.
You can pretty much sit and watch the collapse in real time, it's no longer predictions. You can see the price of BTC correlating with the inflation rates.
When the government prints more money definitely people depends more on bitcoin and altcoins. It leads transformation in finance or currencies that's crypto coin explosion. They used depreciating asset (fiat currencies) to buy an appreciating asset ( crypto currencies). The bitcoin gives the golden ratio of capital appreciation and capital preservation on your wealth than any other investment option. Even gold supply inflates at 2 to 4 percent annually but bitcoin is a fixed limited supply asset capped at 21 million bitcoin by the year 2140. Sooner or later people will realise that to buy crypto is the way to reach financial liberty. JP Morgan says bitcoin mainstream adoption is fueled by inflation fears.
|
|
|
|
Ozero
Full Member
Offline
Activity: 2044
Merit: 180
Chainjoes.com
|
|
November 04, 2021, 06:22:24 PM |
|
The US and EU already said they were printing millions to counter the crisis caused by the pandemic. IMO the huge price increase in cryptos is intimately tied to this fact. Cryptos are inherently the best way to store value when facing government-imposed inflation. Cereal and fuel prices are surging and inflation may start to run wild. The best way you have against the constant devaluation of a country's official currency is Bitcoin. So, while an economical crisis of Global proportions is about to hit, the crypto industry will probably see the largest influx of users in its history.
Yes, this is correct. The more governments print paper money, the higher inflation rises. As the national currency depreciates rapidly at the same time, people are increasingly turning to decentralized cryptocurrency to keep their savings from inflation. The coronavirus pandemic has sharply exacerbated the negative processes in the economies of states and the rise in inflation, and from this the cryptocurrency only benefits in terms of price growth. In addition, states themselves began to pay more attention to blockchain technology and digital cryptocurrency, and this also has a positive effect on it.
|
|
|
|
|