Bitcoin is still early

[Otolith]

So i would't say I am a bitcoin nonbeliever. I see its value and I see why it has gone up. But it seems many are buying it with expectation the US dollar will devalue and BTC is the answer.
BTC may continue to go up regardless. However do people really think the US dollar will be worthless? What happens if Inflation goes down and signs point away from devaluation?

[Panscan]

Deflation is very unlikely given the federal reserves moves and the fact that the govt has so much debt. That would making their debt worth more or shooting themselves in the foot

[CordMcNally]

What happens if Inflation goes down and signs point away from devaluation?

I'm certainly no economist and maybe this question is mostly ignorance but in what realistic scenario does any kind of inflation not happen?

[jacoavlu]

CPI is a lie.

inflation in the true sense won’t really hurt you and me. We will be net winners. Because we own assets. Stocks. Our house. Real estate. Maybe a private practice. Plus we are able to carry debt which is low interest and denominated in USD meaning we are leveraged investors

real inflation that has already begun and will continue, most significantly increases the wealth gap. The government printing all this money, from a first principles perspective, is stealing time from citizens. Especially the poor ones.

but hey that $1400 stimmy makes everyone feel good

bitcoin is a very reasonable hedge or if you take an extreme position an opt out, and it’s available to everyone

[burritos]

What is the rationale of India's move to ban crypto? How would they enforce it?

[jacoavlu]

What is the rationale of India's move to ban crypto? How would they enforce it?

1. increased adoption of bitcoin weakens all fiat.
2. who knows.

[billy]

Argentina banned the US dollar just before I visited there in the early part of the last decade. Then reversed its decision. Then re - reversed it I think. I remember it being annoying to travel since I had to set up a bank/wire transfer from the US to myself there on a future date or something like that to have cash in case I ran out. I ended up using credit cards most of the trip. https://www.washingtonpost.com/polit...you-need-know/
I'd assume India would try something similar if its banning crypto, but I doubt any real enforcement would be able to be made. Just no purchases or exchanges in India I presume. Even as a non fan of crypto, I don't see the India "ban" as anything significant unless you plan on living there.

[Panscan]

What is the rationale of India's move to ban crypto? How would they enforce it?

They have issues with taxation( or lack thereof) currently and fear this would worsen that.

[Outdoors]

CPI is a lie.

inflation in the true sense won’t really hurt you and me. We will be net winners. Because we own assets. Stocks. Our house. Real estate. Maybe a private practice. Plus we are able to carry debt which is low interest and denominated in USD meaning we are leveraged investors

real inflation that has already begun and will continue, most significantly increases the wealth gap. The government printing all this money, from a first principles perspective, is stealing time from citizens. Especially the poor ones.

but hey that $1400 stimmy makes everyone feel good

bitcoin is a very reasonable hedge or if you take an extreme position an opt out, and it’s available to everyone

I totally agree on inflation. The CPI is a terrible index when we're seeing asset inflation. Obviously there's no way the stock market could have reached all time highs in 2020 after COVID if not for the trillions of dollars from the Federal Reserve. While technology played a role in our K-shaped recovery, the government monetary policy I believe was also a major factor.

[Dont_know_mind]

Hasn’t Bitcoin already been banned in China ?

[Dont_know_mind]

I totally agree on inflation. The CPI is a terrible index when we're seeing asset inflation. Obviously there's no way the stock market could have reached all time highs in 2020 after COVID if not for the trillions of dollars from the Federal Reserve. While technology played a role in our K-shaped recovery, the government monetary policy I believe was also a major factor.

I really don’t get this meme. The Fed reaction function has been jokingly said to be related to the level of the SP500 - since about 2012.

The Fed had eased monetary policy in 2020 and the market still went down as it did in 2008. From what I recall, what marked the bottom (to the day) in both 2008 and 2020 was the announcement of significant fiscal stimulus.

I have listened to a few podcasts this month from financial advisers about the k-shaped recovery (?), how inflation is inevitable, the upcoming inflationary/deflationary fiasco and how you as a result of this you must go out and buy some Bitcoin and gold,

Some of of the misuse of macro-economic mumbo-jumbo is just amazingly bad. Particularly I am concerned when people use the term “fiat” and “Bretton-Woods”, it indicates to me they started reading macro ideas last year and think those terms are impressive for some reason.

[Panscan]

The market briefly went down in 2020 because of a pandemic. YoY total wise it was a great year for the indices. I think saying the market went down in 2020 is a pretty loaded and cherry-picked statement, the NASDAQ was up ~ 30 % and the S&P ~ 15 %

I think the debate is over how much inflation will happen. Some degree of inflation is inevitable.

[TechnoDonut]

I'm happy for all of the people who are making money with blockchain tokens, but I will not be participating for a few reasons. Most importantly, I have only been in practice for 6 month and have no money. Second, I don't see how, in any universe, these tokens can be considered an investment; they produce no income and so are purely speculative. Third, I have yet to see any real world application of blockchain technology. I certainly can't buy food for my kids with it.

Have fun, though!

[jacoavlu]

Hasn’t Bitcoin already been banned in China ?

No

[jacoavlu]

I really don’t get this meme. The Fed reaction function has been jokingly said to be related to the level of the SP500 - since about 2012.

The Fed had eased monetary policy in 2020 and the market still went down as it did in 2008. From what I recall, what marked the bottom (to the day) in both 2008 and 2020 was the announcement of significant fiscal stimulus.

I have listened to a few podcasts this month from financial advisers about the k-shaped recovery (?), how inflation is inevitable, the upcoming inflationary/deflationary fiasco and how you as a result of this you must go out and buy some Bitcoin and gold,

Some of of the misuse of macro-economic mumbo-jumbo is just amazingly bad. Particularly I am concerned when people use the term “fiat” and “Bretton-Woods”, it indicates to me they started reading macro ideas last year and think those terms are impressive for some reason.

what financial advisors are recommending bitcoin?

do you think that the price of equities, real estate, and bitcoin going up counts as inflation?