QUESTION OF THE DAY - IQ 120+ only

How will trading or holding a deflationary asset (BTC) help you in fighting inflation if the asset it is paired to (FIAT) is inflationary?

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How is it tied to FIAT? You just have to find places which accept crypto

BTC only goes up
the premise is there is unlimited demand, that is why delusional bagholders turn into maximalists, the only way the ponzy can work is if BTC is the only crypto

to answer you in different way, the killer app of crypto is tax avoidance and money laundering to do both you need a proper privacy coin, not BTC

when capital controls and bullshit happens the only thing you will be able to own is crypto

if you have 2% tax on property you effectively have 50 year leas on it

so even shitcoin like BTC will moon actually, but the real deal are the privacy coins

40 iq is enough to answer this one

BTC is not paired to fiat. However, you can buy and sell BTC with fiat and the current price of BTC is determined by the market.

8.2 IQ here, people will want to sell the inflationary asset for a deflationary one. creating more buying pressure than there's selling pressure, ergo the price would rise. I'm pretty sure even 7.3 IQ would be enough OP.

imagine being this retarded

Because it means you don't have to hold the inflationary asset as long

fiat is not an asset
nor is BTC
both produce nothing

Hold RSR that's it's designed to work in hyperinflation

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>how will something that only goes up help you against something that only goes down
wow...allowing the everyman to access the internet certainly hasnt worked out as hoped.

>muh intrinsic value
all value is created by humans, stupid commie. Copper in a world devoid of humans is worthless.

copper mine is an asset, that is still an asset if it is ran by robots or aliens
copper is still a thing, BTC is still a thing, both not assets

Fine, commodity, you know what I meant

that is fine
commodity has to have a use, and the only use of BTC is to get more fiat
that is a ponzy

If you hold inflationary assets, their circulating supply increases over time, while their overall value depreciates over time.

A depreciating asset is the inverse of this.

If you hold a depreciating asset, in theory you will have the same value over time. However if you are using an inflationary asset to measure the depreciating asset (like dollars to btc), you will need more dollars to measure the same amount of wealth you had when you bought initially.

In other words, the dollar loses value, so btc’s price increases. Not because btc is worth more, but because the dollar is worth less.

fiat has interest rate
BTC has no such thing
FIAT can be used for financial engendering and as a weapon
the one thing that reversed the trend was the interest rates dummies

is computer code of value to robots?

you are too stupid to continue this conversation because you're a nonwhite.

BTC will have value to the bagholder even if the blockchain gets stuck on a block
all you have to do it continue with a fork

Bitcoin itself is nothing but manifestation of the communistic revolution.

You mean the interest rate at which banks loan to other banks and the government? The overall effect of this rate is an increase in the currency supply, which decreases the value of the dollar. Always. Interest rates would have to be negative to match btc.

Btc on the other hand is deflationary, so compared to the dollar, which ultimately has a decreasing currency supply, the value of btc will increase.

put the interest rate of the US dollar at 6.5% and watch crypto burn
put it at -2% and watch it moon 200x

not sure you can stay in this thread mate

Based.

130 iq here.

>Economists generally believe that very high rates of inflation and hyperinflation are caused by an excessive growth of the money supply.

Btc used as a currency will only add to the value of the existing dollars and cause the rise in prices not only for usd owners but btc owners too.

>to answer you in different way, the killer app of crypto is tax avoidance and money laundering

The killer app of blockchain is a registry of every item and every sale completely traceable. Whats the use of your cryptofortune when even a bubblegum is in the blockchain?

user received 2000 e-dollars for his waggie duties. Imagine every dollar is traceable, all the stuff you bought is traceable to the last cent. How the fuck will you spend your btc without the government knowing you exceeded the amount of e-dollars you earned and had saved?

Even if you cash out in other countries they would still be able to trace each dollar, and know that you werent supposed to have such ammounts. Good luck living in the Colombian forest within narcos lmao.

They cant tax or control crypto.
They can tax and control everything you would like to buy with crypto.