pooya87
Legendary
Offline
Activity: 3556
Merit: 10802
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2023, 07:05:13 AM |
|
As the fiat money devalues in value. The value of BTC and other cryptos goes up.
The value remains the same, the price would go up and I'd argue that altcoins' price is not going to go up because of inflation since they work based on pump and dumps and most of them are only traded against bitcoin not even against fiat to be affected by fiat value. So if the banks etc printing all fiat out of crazy numbers, then we should be in a guarantee of BTC going to over a million perhaps.
No it is not a guarantee. The main reason for big rises will always be more adoption. Inflation will both directly and indirectly affect the price. Directly in the sense mentioned above (devaluation of fiat) and indirectly by pushing more people toward making an investment in bitcoin that doesn't suffer from the same flaws as fiat does. Does that mean we should be embracing the printing of money?
No! Non-stop money printing ruins the economy of the country. Look at US.
|
|
|
|
Obito
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2023, 07:18:26 AM |
|
Isn't printing money sanctioned and always restricted by the government and can only be done when there's a dire need? Iirc, regular money printing is only done to replace destroyed currency? Which happens a lot of times.
|
|
|
|
Cryptmuster
Legendary
Offline
Activity: 2044
Merit: 1262
Bisq
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2023, 07:41:08 AM |
|
Definitely not, I agree with others. I mean if you keep wanting dollar (or any other fiat) go out of this world, that means you would be living a terrible life paying so much. Take it from someone who had %200 unofficial and at some point %100 or so official I think? Inflation in his nation, that's not something bitcoin can cover. First of all you would need ALL fiats to do that, just one or two would make those nations economically in trouble, secondly bitcoin is not accepted everywhere yet, so if you spend it, you can't get it back, once you invested and profited, that's it and you can't anymore. Whereas the trouble will continue to go on and you would not be making any profit at all while in trouble.
Therefore, you do not need to sell all bitcoin, if bitcoin is a long-term investment, then over time you will accumulate it and when it grows it will be a good amount that you do not need to spend right away. Use some small part of it for life, and let the rest of the investment continue to be in hold, just this will protect your money from inflation. We dn't know what will happen in the future, but we hope that the adoption will allow us to gain an advantage.
|
| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
▄▄███████▄▄ ▄██████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀
▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
▄██▄ ██████▄ █████████▄ ████████████▄ ███████████████ ████████████▀ █████████▀ ██████▀ ▀██▀ | . GET IT ON Google Play | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ |
|
|
|
Who is John Galt?
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2023, 10:21:07 AM |
|
Does that mean we should be embracing the printing of money?
Make all our money go totally out of value, so anyone holding BTC can get good value?
Does this make sense?
That's not the point. The deflationary nature of bitcoin will work whether other currencies depreciate or not. What difference does it make if a bitcoin is worth one dollar or a million dollars, if at some current moment a bottle of beer will cost that million dollars? What matters is not the number of zeros in the fiat currency to bitcoin exchange rate, but how many real goods and services you can buy with bitcoin.
|
|
|
|
Frankolala
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2023, 03:27:30 PM |
|
I understand your point OP,but let's look at it from this corner. We need fiat currency for our daily spending, inflation causes the hike in price of commodity. High cost of commodity will affect you, if your income is stagnant. Therefore, it will affect your financial stability due to the depreciation of fiat currency.
Also in bitcoin too,it takes somedays before bitcoin price pumps or dumps. If you have 1btc today and you want to buy a house for $30000,and something came up,maybe you have a health challenge which makes you not to purchase the house. After a month due to inflation the price of the house increased to $31k and you bitcoin price is still at $30k,don't you see that inflation have affected the cost of the house. Bitcoin is a good store of value in the long run and also remember that we can't keep on spending the bitcoin that we have everyday,if not it isn't tackling any inflation problems. It is when you hold for long that you can use bitcoin to overcome inflation.
What happens to your bitcoin when bitcoin is in the bear market,will it be able to tackle inflation ? No,nobody like inflation because it does great harm to the economy and to human financial spending. Only mass adoption of bitcoin will pump bitcoin price
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Altryist
Legendary
Offline
Activity: 2184
Merit: 1362
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2023, 04:44:13 PM |
|
Make all our money go totally out of value, so anyone holding BTC can get good value?
Does this make sense?
Have you ever thought that due to inflation, bitcoin will only preserve the purchasing power of folded money, but will not make you truly rich? If we get a big rise in inflation and you buy bitcoin now at 30k, and for example, in a year bitcoin will cost 300k, but with these 300k you can buy the same thing that you can buy today for 30k, will you consider yourself rich man? Bitcoin is able to keep your funds from inflation, which is already good in our time.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
kryptqnick
Legendary
Offline
Activity: 3206
Merit: 1398
Join the world-leading crypto sportsbook NOW!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2023, 04:50:15 PM |
|
What you're saying is how it should be but now how it always is. It would make sense for Bitcoin to grow when fiat is hit hard by inflation because we'd expect people to realize that their money is losing value and switch to something that can allow to rescue that value and maybe even make profit. However, when the news of high inflation of top fiat currencies spread at the end of last year, the panic spread onto Bitcoin and it wasn't doing well at all. Likewise, when inflation rate stabilized and people gained more confidence in the economy, Bitcoin started going up. I think that's because people largely see Bitcoin as an investment and feel comfortable investing when the economy is doing well. If they saw it as a safe haven, a way to save wealth, then Bitcoin would go up when inflation is high IMO.
|
|
|
|
doomloop
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2023, 05:12:33 PM |
|
With the printing of fiat money that is always in constant motion by the powers that be. As the fiat money devalues in value. The value of BTC and other cryptos goes up. So if the banks etc printing all fiat out of crazy numbers, then we should be in a guarantee of BTC going to over a million perhaps.
Does that mean we should be embracing the printing of money?
Make all our money go totally out of value, so anyone holding BTC can get good value?
We don't want inflation so that the price of Bitcoin or cryptocurrencies increases, but we say that when there is inflation, Bitcoin might save your money from getting devalued if they are invested in Bitcoin, and these are two different things. Inflation in general doesn't only affect cryptocurrencies but it also affects the lives of the people living in that economy. When there is inflation, what you earn is barely enough for you to survive unless you are from the elite category that floats above it but those who are from the lower category will suffer from the high rates of goods and stuff that we buy for daily use.
|
|
|
|
Aikidoka
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1078
Merit: 342
Sinbad Mixer: Mix Your BTC Quickly
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2023, 05:26:39 PM |
|
To be honest, I don't think that would make a huge difference. Bitcoin's price is influenced by the number of people buying and using it globally, and it can also be controlled by whales with massive amounts of money. Printing more fiat currency might help Bitcoin gain more value in the future, but ultimately, people must use and buy it and continue supporting it to achieve incredible goals in the near and long term.
El Salvador was the first country to adopt Bitcoin as an official currency, but if more countries support it in the future, we could see a significant increase in its value.
|
|
|
|
Husires
Legendary
Offline
Activity: 1596
Merit: 1288
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2023, 06:36:47 PM |
|
If cash becomes useless, then this means that there will be a war, and therefore no one wants that, but all that is required is that you have enough money to live your life and then, if one bitcoin is worth 10 million dollars, then the value of the dollar will not buy you gum.
Thus hyperinflation is not beneficial but bad for all.
|
|
|
|
serjent05
Legendary
Online
Activity: 2954
Merit: 1270
Up to 300% + 200 FS deposit bonuses
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2023, 08:48:34 PM |
|
Bitcoin fiat value increasing due to the printing of lots of money is not different to Bitcoin fiat value being stagnant. Yes Bitcoin fiat value maybe higher when the value of fiat currency devaluate. It also means that there is no change of the purchasing power of Bitcoin since the fiat price value increase is due to the said inflation. So I can say that Bitcoin price increase due to printing of money is does not increase the value or purchasing power of Bitcoin and only increase the amount of fiat needed to convert Bitcoin to fiat currency.
|
|
|
|
The Cryptovator
Legendary
Online
Activity: 2338
Merit: 2209
Crypto Casino and Sportsbook
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2023, 09:05:55 PM |
|
There is no anticipation of inflation, and creating more fiat currency does not necessarily result in an increase in the value of Bitcoin. It's important to comprehend how the price of Bitcoin operates. As buying pressure intensifies, the price is expected to rise. In the event of global inflation, there may be fewer buyers. When money circulation is low, banks print more fiat currency, which does not lead to a rise in Bitcoin price.
|
| | | | | | FIRST NO WAGERING BONUS CASINO & SPORTSBOOK SLOTS │ LIVE CASINO │ LIVE GAMES │ SPORTS | | | ► | WELCOME BONUS ─── UP TO ─── [ $500 ] | | ► | MULTI BET BONUS ─── UP TO ─── [ 200% ] | █████████████▄██▄ ████████████▐█████ ███▄██▄█████▐██████▄ ████████▄▄██████████▄ ███▐██▀██▀███████████ ██████████████████████▄ ███▐▄█████▄████████████▄ ▄▀▀███████████▄███████░█▌ ▀███████████████████████ ░███████████████████████ ░░▀▀▀▄██▄███████████████▄ ░░████▀█▀█████████████████▄▄ ██████▀███████████████████████▄ | PLAY NOW |
|
|
|
Zaguru12
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2023, 09:11:48 PM |
|
Does that mean we should be embracing the printing of money?
Make all our money go totally out of value, so anyone holding BTC can get good value?
Does this make sense?
No it doesn’t make much of a sense if there is an excess printing of the fiat money then it could causes its devaluation which in return would at first causes many to move towards bitcoin for hedge against the devaluation. But as it continues it causes more money supply which results into inflation. Although bitcoin hedges also against inflation but and a prolonged inflation will cause high of goods and services which could result into low demand of bitcoin. Also many could turn to there holdings for emergency.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
Who is John Galt?
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2023, 11:08:06 AM |
|
which could result into low demand of bitcoin
What difference does it make if the demand for bitcoin rises or falls? One BTC will remain one BTC. Of course, we all know the theory that money is a kind of commodity, but bitcoin itself is designed in such a way that when interest rises and falls, the level of complexity simply changes, and the network itself continues to work stably, so it’s not scary if the demand for bitcoin decreases.
|
|
|
|
Jawhead999
Legendary
Offline
Activity: 1750
Merit: 1189
DGbet.fun - Crypto Sportsbook
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2023, 01:12:54 PM |
|
It doesn't work like that, if the banks start to print fiat and it will increase inflation, but the citizens don't care about inflation and choose to save their money in banks, it will not make Bitcoin price increase because they're not contribute anything to Bitcoin's demand. The most important thing many people need to buy Bitcoin, that's will make Bitcoin price increase due to high demand regardless the inflation is high or low.
|
|
|
|
Pandu Geddon
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2023, 01:33:13 PM |
|
I don't think inflation will have an impact on the Bitcoin price increase. inflation may occur when the Bank will print more Fiat to be circulated. whereas when no adoption happens to Bitcoin, it will have no impact on the price of Bitcoin. Except when there is a Bank bankruptcy, with a country's Fiat value continuing to decrease. and hope that the government sees Bitcoin as a digital currency that will be the solution. not expect foreign debt. it could grow Bitcoin adoption and also be great news for the Bitcoin market. it could affect the price of Bitcoin.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
WeThePe0ple
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 193
Merit: 22
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2023, 01:51:52 PM |
|
The main reason for big rises will always be more adoption.
So when governments succeed in taking down the exchanges, nobody can buy BTC and adoption goes to 0. I expect that this will happen when they have their CBDC's ready and they are terrified of any competition like BTC. Is there any way to increase BTC adoption when the exchanges are all stopped by government? This is the main reason why I never invested at 200 bucks.
|
|
|
|
panganib999
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2023, 04:16:15 PM |
|
A coin's value doesn't change just because its competitor decreased in value, as in the cass with bitcoin and the dollar. To some tuis may soind stupid, but let me give uou an analogy to paint a better picture of why I think it's not what you think.
Suppose you guys are selling mangoes, you sell for two different countries, and one of them dropped significantly in value, from let's say 2 coins of that country to 4 coins per mango.m, while country b rerains its value.
In rhis analogy, bitcoin is country B's coin, and the Mango is the reference point. Sure mangoes in country A may have been more expensive, but since in country b it's still the same, the depreciation of country A's coin didn't equate to a better economy boost for country B.
|
|
|
|
yhiaali3
Legendary
Offline
Activity: 1806
Merit: 1914
PredX - AI-Powered Prediction Market
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2023, 04:45:12 PM |
|
It is not as if we are encouraging inflation and printing more money so that the value of Bitcoin increases. We do not do that, but rather governments. This is a bad reality that really exists and we are looking for a better alternative. The alternative is Bitcoin, but it is not yet ready to replace the old system.
The old financial system destroys itself by printing more money, but we don't like it and we shouldn't encourage it until Bitcoin can fill the void.
Printing more money really makes people's lives difficult so we shouldn't encourage it.
|
|
|
|
pooya87
Legendary
Offline
Activity: 3556
Merit: 10802
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2023, 05:50:03 PM |
|
The main reason for big rises will always be more adoption.
So when governments succeed in taking down the exchanges, nobody can buy BTC and adoption goes to 0. I expect that this will happen when they have their CBDC's ready and they are terrified of any competition like BTC. Is there any way to increase BTC adoption when the exchanges are all stopped by government? There are about 200 countries in the world and no 2 governments see eye to eye on any subject. It is not possible for all of them to suddenly decide to take down all exchanges globally! Not to mention that each time a government does this, it is an excellent business opportunity for everyone else because all the money from that country that went into those exchanges would go abroad. Additionally you don't have to use an exchange to acquire bitcoin. Bitcoin is a currency and like any other currency you can and should earn it. This is the main reason why I never invested at 200 bucks.
Good for those who did then ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
|
|
|
|
|