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Bitcoin/Crypto Has NO Impact On Inflation??

 
Anonymous Coward
User ID: 81605709
United States
01/12/2022 09:03 AM
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Bitcoin/Crypto Has NO Impact On Inflation??
Asking for a friend...
Anonymous Coward
User ID: 80559328
United States
01/12/2022 09:04 AM
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Re: Bitcoin/Crypto Has NO Impact On Inflation??
Just buy Oneledger OLT and you won't have to worry about inflation.
Anonymous Coward (OP)
User ID: 81605709
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01/12/2022 09:06 AM
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Re: Bitcoin/Crypto Has NO Impact On Inflation??
Just buy Oneledger OLT and you won't have to worry about inflation.
 Quoting: Anonymous Coward 80559328


Another Cryptotard ignoring the elephant in the room!

How does it impact inflation?
Anonymous Coward
User ID: 80899930
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01/12/2022 09:16 AM
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Re: Bitcoin/Crypto Has NO Impact On Inflation??
The Dollar(DXY) and Bitcoin(BTC) are directly correlating assets. When BTC rises in value, DXY has to account for more dollars printed when gains are realized, thus inflation occurs. When DXY rises in value BTC declines in value and volume of trades.
Anonymous Coward
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01/12/2022 09:18 AM
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Re: Bitcoin/Crypto Has NO Impact On Inflation??
If you control the printing of dollars you can directly manipulate any tradable asset.
Anonymous Coward (OP)
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01/12/2022 09:20 AM
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Re: Bitcoin/Crypto Has NO Impact On Inflation??
The Dollar(DXY) and Bitcoin(BTC) are directly correlating assets. When BTC rises in value, DXY has to account for more dollars printed when gains are realized, thus inflation occurs. When DXY rises in value BTC declines in value and volume of trades.
 Quoting: Anonymous Coward 80899930


Like a snake eating its own tail...how is the Fed okay with it?
Anonymous Coward
User ID: 81001571
Canada
01/12/2022 10:35 AM
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Re: Bitcoin/Crypto Has NO Impact On Inflation??
I read that crypto was an inflatation sponge
Anonymous Coward
User ID: 80894412
01/12/2022 10:46 AM
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Re: Bitcoin/Crypto Has NO Impact On Inflation??
I read that crypto was an inflatation sponge
 Quoting: Anonymous Coward 81001571


Yup...think about it and ask yourself who would create it...

3 trillion in Cryptomarket value.....

All on a digital asset......that if it didn't exist would flow into real estate, gold, treasuries etc etc

Cryptos just buying time for the central bankers.....

It relieves some of the pressure from the boiling pot....

Imagine inflation prices on everything if cryptos didn't exist and an added 3 trillion dollars was plunked down on all existing assets....

Madon!
Anonymous Coward (OP)
User ID: 81605709
United States
01/12/2022 11:21 AM
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Re: Bitcoin/Crypto Has NO Impact On Inflation??
I read that crypto was an inflatation sponge
 Quoting: Anonymous Coward 81001571


Yup...think about it and ask yourself who would create it...

3 trillion in Cryptomarket value.....

All on a digital asset......that if it didn't exist would flow into real estate, gold, treasuries etc etc

Cryptos just buying time for the central bankers.....

It relieves some of the pressure from the boiling pot....

Imagine inflation prices on everything if cryptos didn't exist and an added 3 trillion dollars was plunked down on all existing assets....

Madon!
 Quoting: Anonymous Coward 80894412


Best explanation I've heard...thanks!





GLP