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12528994 No.12528994 [Reply] [Original]

If inflation is quickly rising should you be rushing to swap your money to another currency?

>> No.12529008
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12529008

Yeah to bullets

>> No.12529095

>>12528994
Buy TIPS, gold or property. Don't fall for the crypto memes.

>> No.12529131

Lets just think through this for a second anons.

If hyperinflation where to occur.
The price of a crypto would soar because of everyone dumping money into it.
Unless people start pulling money out of crypto to pay for baskets to hold their bread in then the price would plummet.

But the problem is people need to be able to buy things with said crypto, so it needs to have a fast transaction speed.
That rules bitcoin out.
So unironically Tron? But even then its not fast enough to support the entire world.
This makes me think people will go with whatever is shilled to them, so basically the top 10 on coinmarket cap and you're probably safe to make it.

>> No.12529184

>>12529131
Let me conclude this.
>The price of a crypto would soar because of everyone dumping money into it.
However, since fiats worth has plummeted, just because the price of a crypto has risen still means is onl worth as much as the fiat.
Then the gov introduces a new currency, everyone will dump their crpyto into the new currency and /makeit/ or will they
This would only transfer the problem of inflation from one currency to another, assuming everyone dumps into crpyto.
So basically, one countries hyperinflation could make a few rich, but if the world hyperinflated then we would just fuck ourselves over.

This leads me to conclude that you should invest in crypto on the assumption that when it happens everyone else is too retarded to invest.
But learning from Christmas 2017 people are sheep and will jump on the band wagon. So should everyone seek to /preserve/ their /wealth/ it would literally leave the world in an endless cycle of hyperinflation. Are we fucked?

>> No.12529193

>>12529131
So what I'm hearing from a crypto person is, "bitcoin is useless even if fiat fails."

Interesting.

>> No.12529202

>>12529193
Sh..shut up

>> No.12529221

>>12528994
is that satan?

>> No.12529235

>>12529193

Ask a Venezuelan

>> No.12529260

>>12529193
>"bitcoin is useless."
Anything that a normie cant easily trade is useless
bitcoin is literal neetbux

>> No.12529315

>>12529235
The only reason btc was successful in Venezuela when their currency crashed was because the dollar is still a viable currency and most Venezuelans were using that instead. They had an alternate fiat currency they could use. If the dollar fails we don't have a one world fiat currency to fall back on.

>> No.12529325

>>12529235
they use Dash, masternode system allowes for fast transactions

>> No.12529334

>>12529260
there are literally bitomats out there

>> No.12529352

>>12529193
Do the opposite of the majority of what biz/MSM/normies tell you to do.

>> No.12529354
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12529354

Riddle me this annons. In a hyperinflation scenario where bread is $1000 how the fuck do you suppose people will afford electricity let alome internet? How will people transact a digital currency when they cant even access the infrastructure?

>> No.12529361

The only thing to prevent a total catastrophe would be to outlaw cryptos....

>> No.12529364

>>12529354
Ever heard of Bitcoin satellites? How about sending transactions through SMS and radio waves. Shit you guys are out of touch.

>> No.12529406

>>12529354
They would go to libraries where you can access a computer connected to the internet for free.

>> No.12529421
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12529421

>>12529364

Thats funny. Radio waves...

When people are scrambling to find food and water while avoiding roving gangs of mad maxes you think people are going to figure out how to send a transaction over radio waves?

>> No.12529426

>>12529406
>everything is in chaos
>people are starving and jobless
>for some reason libraries are still open providing free internet

>> No.12529438

>>12529426
Was Germany in chaos during the great depression?

>> No.12529482

Ok here's a drop of philosophy:
(Disclaimer: not talking about blockchain tech, but btc specifically)
You have this thing called bitcoin. It's not a standout player in any category, in fact it's second or third in all standard exchange commodity fields, and doesn't even show up to play for store of value. Moreover, after almost 15 years, and billions of dollars jettisoned, there hasn't been a specialized use found for it.

But... it still does some stuff ok, and could probably become a true player in store of value, if the speculators would fuck off forever, and let it even try to fill that role.

This leads me to hypothesize quickly, bitcoin isn't the problem; the people that bitcoin attracts are the problem.

Bitcoin will forever be the little engine that couldn't as long as it remains the perceived magical cure to getting a job and engaging in life for the modern internet savvy underclass.

If you love something, let it go. YOU, 4chan, ARE KILLING BITCOIN.

1, 2, 3... commence with calling me a fag, retard, Russian bot, transexual, etc.

>> No.12529492

>>12529482
Chinks ruin everything

>> No.12529498

>>12529482
What is this 4chan you speak of?

>> No.12529509

>>12529438
Germany isn’t America. We have more crazy people, degenerates, and guns.

>> No.12529543

>>12529421
Weimar Germany was Mad Max? Venezuela is Mad Max? Out of fucking touch

>> No.12529545
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12529545

>>12529438

Ther german currency wasnt a global currency. In modern day hyperinflation scenarios in other countries they can smuggle US dollars to transact with. Now take that currency and hyperinflate it and you have chaos.

>> No.12529577
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12529577

>>12529543

>the past dictates the future

Anon I...

Venezuela is rioting in the streets you think crininals arent taking advantsge of the situation? You think people arent sucking dick to feed their family? Wake up.

>> No.12529579

>>12529545
Won't happen, there has never been a collapse of civilisation in the way you're suggesting throughout then entirety of history.

>> No.12529587

>>12529334
>less than 2000 in America
>~300 in EU
too late and too way little

>> No.12529609

>>12529315
good thing the dollar is one of the fundamentally strongest currencies and functionally the world reserve currency. that doesn't mean it's not a piece of shit or that bitcoin won't go up when priced in dollars, but other currencies will fail before it does.

>> No.12529629

>>12529545
exactly. and what does that action do? reduces the supply of dollars in the USA allowing the fed to print en masse without much inflation.

>>12529579
lol

>> No.12529636

>>12529577
They disarmed their citizens in Venezuela. That's why Maduro isn't hanging from a tree.

>> No.12529971

>>12529354
Localbitcoins and bartering for material goods -- this includes pussy

>> No.12530823

>>12528994
what vidya is that?

>> No.12531039
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12531039

Gold is good.

>> No.12531184

>>12529221
Pretty much