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Cryptocurrency Forum => Crypto News => Topic started by: OZER on Dec 14, 2021, 11:48 PM

Title: Bitcoin could become ‘worthless’, Bank of England warns
Post by: OZER on Dec 14, 2021, 11:48 PM
(https://i.guim.co.uk/img/media/dde432ebba7a190ced7b2df382000bcc015b9615/0_0_3500_2100/master/3500.jpg?width=620&quality=85&auto=format&fit=max&s=b555812b0865616d3f0fea7977003b33)

The Bank of England has said that bitcoin could be "worthless" and people investing in the digital currency should be prepared to lose everything.

In a warning over the potential risks for investors, the central bank questioned whether there was any inherent worth in the most prominent digital currency, which has soared in value this year to close to $50,000 (£37,786) a piece.

The cryptocurrency peaked above $67,000 in early November, but suffered a sell-off after news first broke of the Omicron variant of coronavirus, before stabilising around its current level in the past week.

The deputy governor, Sir Jon Cunliffe, said the Bank had to be ready for risks linked to the rise of the crypto asset following rapid growth in its popularity. "Their price can vary quite considerably and [bitcoins] could theoretically or practically drop to zero," he told the BBC.

The market capitalisation of crypto assets has grown tenfold since early 2020 to about $2.6tn, representing about 1% of global financial assets. About 0.1% of UK households' wealth is in bitcoin and similar crypto assets, such as ethereum and Binance coin. As many as 2.3 million people hold crypto assets, at an average amount of about £300 each.

The Bank's financial policy committee, set up in the wake of the 2008 financial crisis to monitor risks, said on Monday there was little direct threat to the stability of the UK financial system from crypto assets. However, it warned that, at the current rapid pace of growth, such assets could become more interconnected with traditional financial services and were likely to pose a number of risks.

Publishing its regular health check on the financial system, the Bank said major institutions should take a cautious approach to adopting crypto assets and that it would pay close attention to developments in the market.

"Enhanced regulatory and law enforcement frameworks, both domestically and at a global level, are needed to influence developments in these fast-growing markets in order to manage risks, encourage sustainable innovation and maintain broader trust and integrity in the financial system," it said.

In a separate blogpost published on its website on Tuesday, a member of the Bank's staff said bitcoin failed to fulfil many of the features required of a currency and that it risked being inherently volatile.

Thomas Belsham, who works in the Bank's stakeholder and media engagement division, wrote: "The problem is that, unlike traditional forms of money, Bitcoin isn't used to price things other than itself. As Bitcoiners themselves are fond of saying, 'one Bitcoin = one Bitcoin'. But a tautology does not a currency make."

He said scarcity of the crypto asset – which is limited to 21m bitcoin – is among the key reasons for its attraction for investors, but this feature embedded into its design "may even, ultimately, render Bitcoin worthless".

About 19m bitcoin is currently in circulation, with new coins added when "miners" validate changes to the blockchain ledger underpinning the cryptocurrency. While the ultimate number of bitcoin in circulation is not expected to be reached until February 2140, it would become harder to sustain this system over time, Belsham said.

"Simple game theory tells us that a process of backward induction should, really, at some point, induce the smart money to get out. And were that to happen, investors really should be prepared to lose everything. Eventually."
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Krivokid11 on Dec 14, 2021, 11:57 PM
Crazy how when its a Covid  these devils hid the comments
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: flounder on Dec 15, 2021, 12:03 AM
The world economy is going to crash hard
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: neilwad on Dec 15, 2021, 12:09 AM
I once heard someone say that something that cant last forever will end
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: moon_rocks on Dec 15, 2021, 12:15 AM
Month per person price! No gouging or gentrification! Developing mostly single unit apartments since privacy is a human right! 4. All three of these points to eradicate poverty,  homelessness,  suffrage of Americans Per Year ( tax free ) 3. Locked Down $400Month for life for the first $36,000Hour and up for all Americans  2. UBI of $3,000BBB Plan should be: 1. Livable wage permanent laws of $27
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: old_peculiar on Dec 15, 2021, 12:20 AM
Diversity and under-representation concerns with banking and minority wealth creation, CFTC and SEC common regulatory regimes, asset regulation properties and risk-gradientization vs binarization as "is security" or "is not security", spot Bitcoin ETF confusion despite futures ETF prices coming from spot prices, zk-snark-based tax ids and digital zk-based digital ids generally, FDIC insurrance on stablecoins taking into account USDC's similarities to and differences from a bank, CBDC principles, broker definition clarification and narrowing...all good stuff. Keep it up y'all! Looking forward to the next one.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: engdahl on Dec 15, 2021, 12:26 AM
I need inflation in my wages!!!!!!
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: percussionist on Dec 15, 2021, 12:32 AM
End corporate welfare, raise taxes on ppl making over 400k a year and raise interest rates.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Bogeyman on Dec 15, 2021, 12:38 AM
Can not stop bcoz u still print money to wall street and create more wealth gap. Delay to increase interest to help big tech cos. DONT LIE TO ME AND US PPL.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: energumen on Dec 15, 2021, 12:44 AM
This is why these legacy companies and mainstream media are dying because you cannot adapt not even you way of thinking, of course companies have the potential to make more money and are valued more theres more money in the system something that happens all the time throughout history.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: meme5lol200 on Dec 15, 2021, 12:50 AM
Crypto market is becoming more appealing to investors seeking low-correlation assets that diversify portfolios, with no doubt in mind that we are  going bull with little signs of stopping. I'd say it's out rightly wrong to just sit back hold and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profits should be the way of life, even experienced traders are in a doubt to take long or short position, The conditions of this bull market are unlike anything we have ever seen. I got this tips first hand from Ethan Wilbert he is always a step ahead of other traders, he fully monitored all my trades to avoid me making mistakes and losing my money. My earnings has increased drastically from 2.1Bitcoin to 17.7Bitcoin in just 3 months and 2 weeks. I've got full confidence in he's trade abilities. it's advisable for every investor to take advantage of he's strategy , Ethan can be reached on @ [ @Tutorwilberts]
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: AlsoJustice on Dec 15, 2021, 12:55 AM
They are missing the most important piece of this bubble story : massive money supply increases.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: demorocz on Dec 15, 2021, 01:01 AM
lmao... yeah... everybody sitting around the office with graduate degrees with no1 to do their work for them
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Michael_Lee on Dec 15, 2021, 01:07 AM
Lmao imagine saying that inflation happens because someone asks for a raise. What about not lying for once? People are desperately asking for a raise trying to keep up with the rampant inflation that money printing creates
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: red_xephos12 on Dec 15, 2021, 01:13 AM
Should be titled "Can the government spending and Fed printing be stopped?"
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: JayHawk321 on Dec 15, 2021, 01:19 AM
<><><>< I respect your content mate.. TA is good but I find it truly baffling that all major crypto rs just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history  to invest as so many don't back up their  crypto assets. More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market.I have made over 11 btc frm day tradn with, Alan Duyi  insights and signals in less than 1 Month.You can reach him on TELEGRAM..>>>>> Duyi34  He's very accurate and always yields a great positive return on investment......
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: ultrarichard on Dec 15, 2021, 01:25 AM
Stop printing so much money. Done.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: dynamite_317 on Dec 15, 2021, 01:31 AM
Let's Go Brandon!
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: aerothermodynamics on Dec 15, 2021, 01:36 AM
Adam smith knows what Im saying rn
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: finaltombstone on Dec 15, 2021, 01:42 AM
End the Fed!
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Geocola on Dec 15, 2021, 01:48 AM
I don't trust. That is why not doing transaction or holding usd
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: hkcurtis on Dec 15, 2021, 01:54 AM
Cathy Wood sez Value will be slammed in 2022  Over supply
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: kingscruj on Dec 15, 2021, 02:00 AM
Stop increasing money supply to stop inflation. Econ 101
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: novastorm42 on Dec 15, 2021, 02:06 AM
The crisis can not be stopped as the solution isn't politically viable.  As Milton Friedman put it Inflation is always and everywhere a monetary phenomenon"
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: boorish on Dec 15, 2021, 02:12 AM
you can stop inflation. then you will fall into stagflation trap. finally the us economy will totally collapse. just matter of time. the death knell is ringing. today's japan is your tomorrow. lying down and accept your fate.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Jj_TeRroR_jJ on Dec 15, 2021, 02:17 AM
Get Trump back
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Jpaul999 on Dec 15, 2021, 02:23 AM
What's the problem for stable coins and cryptocurrencies to undermine the dollar?  If they do so it means its better. The dollar only benefits these at the top Not the people.  The fact that we need stable coins and crypto is fact that the government is not doing its job right or we wouldn't ever need them.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Koda650 on Dec 15, 2021, 02:29 AM
The gov can stop inflation by simply raising interest rates but this is politically risky as necessary recessions don't win elections
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: emosquirrel on Dec 15, 2021, 02:35 AM
Has it ever stopped ? Dumb question
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: tdneal on Dec 15, 2021, 02:41 AM
Shocks are all about future I think. If you wait until the company is earning a fair amount of moeny or mature, there won't be a fair price either. So some companies that is not earning very much now or even with minus earning could seem very expensive. But that doesn't mean it's in a bubble.  You take your bet or prediction about company's furture and you earn or loss. Not some value finding which is nearly impossible i think because i think the market is kind of effictive so why should you find something that is highly undervalued?
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: lincolnpond1 on Dec 15, 2021, 02:47 AM
Guess you need to prompt up the man you installed into office that's destroying our country
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: 54.224.167.24 on Dec 15, 2021, 02:53 AM
Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with Melinda Dixon, her skills set is exceptional..
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: cinnirollz on Dec 15, 2021, 02:59 AM
The dollar is a bubble
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: gamephilia on Dec 15, 2021, 03:04 AM
Maybe don't do anymore stimulus payments because all they do is create more USD
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: rasmuses on Dec 15, 2021, 03:10 AM
60 cents of every dollar was printed in the last decade. Think about it. Is that deflationary?
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Moonslayer55 on Dec 15, 2021, 03:16 AM
Adam smith knows what Im saying rn
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: valerlan on Dec 15, 2021, 03:22 AM
What is your agenda pushing TSLA into meme stocks? They seem to be undervalued based on both current cash flows, growth and forward earnings. There are so many unprofitable overvalued meme stocks like LCID, RIVN etc. but all you know is TSLA? Lame lazy misleading journalism!
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: knightdarkus on Dec 15, 2021, 03:28 AM
NOT WITH BIDEN AS PRESIDENT OBVIOUSLY......
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Erensiodiamond on Dec 15, 2021, 03:34 AM
Even back in high school I would mouth off to the teachers telling them " working and a career are stupid and the whole system is a scam" they said I'd just flipping Burgers my whole life. . . . WELL WHOS LAUGHING NOW!!!! HAHAHAHAHA!
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: egman on Dec 15, 2021, 03:40 AM
I think the point is US citizens are sick of the laws and regulations that makes business and growth overly complicated and down right not worth the investment in emerging technology. The US government is killing the ability for the USA to compete in the world market with over regulation.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: JulzLover12 on Dec 15, 2021, 03:46 AM
Bitcoin is the best way against inflation
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: javin650 on Dec 15, 2021, 03:51 AM
Crypto CEO's talking to people like Maxine Waters....may as well be talking to a stump in the back yard. We need intelligent leaders and not 80 year old high school drama queens.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Crazy_roly_24 on Dec 15, 2021, 03:57 AM
Crypto Makes for A Wonderful Bubble When It Pops, There Is Nothing There
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: t0m20 on Dec 15, 2021, 04:03 AM
USA USA USA
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: glissade on Dec 15, 2021, 04:09 AM
Fiat currencies are crashing Worldwide. Nothing backs fiat currencies. It's a ponzi scheme.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: tyron on Dec 15, 2021, 04:15 AM
6:00 You know what? Investors bet their money on the future of the investment.  I won't invest in a company because it's big now, I'll invest in it because it'll be bigger in the future.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: wente on Dec 15, 2021, 04:21 AM
them talking in crypto slang <3
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: kasiorek on Dec 15, 2021, 04:26 AM
FUD
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Stormy_Gamer on Dec 15, 2021, 04:32 AM
Bitcoin is a hard asset, there is no bubble. Stock market is a bubble propped up by money printing
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: SPEEDSTACKINGHEN on Dec 15, 2021, 04:38 AM
FUD Merchants. Be AFRAID, Be VERY AFRAID
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: magnitogorsk on Dec 15, 2021, 04:44 AM
The giant Ponzi scheme is finally starting to collapse.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: royalty on Dec 15, 2021, 04:50 AM
Investing is the best option right now, seen the economy is bad  INTELLECTWEBSCM making money with those guys is the right time now
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: nova_realm on Dec 15, 2021, 04:56 AM
Is this person right to think graduate degrees give more skills? I thought working in the job did that.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: epic_bro_fist on Dec 15, 2021, 05:02 AM
The bond market
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: tepefy on Dec 15, 2021, 05:07 AM
<I see BTC at $75K by end of this year but Will always let  anyone know to forget predictions and start making good profit now because future valuations are all speculations and guesses. The market is very unstable and you can't tell if it's going bearish or bullish. While myself and others are trading without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow .I was able to make 21 bTC in just November from implement in  trades with tips and info from keith Brian Jerry>>
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: ansela on Dec 15, 2021, 05:13 AM
There goes the secret... A bubble that everybody knows it, is not a bubble. ( checking with a pen balance sheet.. hey while I was checking price moved +13% and keep on going .. let me adjust.. ups now -7% dam you markets and I don't have a calculator..you guys!!  )
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: timyiscool1000 on Dec 15, 2021, 05:19 AM
The gov can stop inflation by simply raising interest rates but this is politically risky as necessary recessions don't win elections
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: arielthecrafter on Dec 15, 2021, 05:25 AM
early gang
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: escalante on Dec 15, 2021, 05:31 AM
Yes, bring back Trump.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Hotfuzz9 on Dec 15, 2021, 05:37 AM
The funny thing is when they say people lost money. It was only monopolized entities . The regular man won  though.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: xSurvivor7x on Dec 15, 2021, 05:43 AM
Digital assets like crypto has a long way to go yo get the aproval it need to be a mayor player in the económy
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: stereography on Dec 15, 2021, 05:49 AM
CRYPTO IS A BUBBLE
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: glynisglynn on Dec 15, 2021, 05:54 AM
It seems that this  a couple of days late to be uploaded
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: american on Dec 15, 2021, 06:00 AM
Monetary inflation is just the government helping the rich at the expense of the poor.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: ioncraft on Dec 15, 2021, 06:06 AM
I suggest buy insurance from crypto
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: ATT508 on Dec 15, 2021, 06:12 AM
America don't solve any problems.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: superjhorrom on Dec 15, 2021, 06:18 AM
TSLA is deeply undervalued if it can get AV to work. The professional driving industry in the US alone, annually, is worth nearly $1T USD.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Breindahl on Dec 15, 2021, 06:24 AM
And all on the XRPL
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: schw on Dec 15, 2021, 06:30 AM
NO! And is very dangerous, inflation and higher taxes, ppl gonna look to other countries to move. Biden and democrats are the worse thing that happened to the country  Democrats are the masters of corruption and deception, they are not your friends, they are the corporate puppets.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: demetria on Dec 15, 2021, 06:35 AM
If you care about America please read Ray Dalios newest book.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: cumber on Dec 15, 2021, 06:41 AM
Investing in stocks or real estates are very good ideas though real estate investment seems a bit more complex. Who else is in line with me?
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Avatack on Dec 15, 2021, 06:47 AM
Whats proof of marshmellow?
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: attain on Dec 15, 2021, 06:53 AM
Guys ....move your money to Bitcoins
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: sharose on Dec 15, 2021, 06:59 AM
Consumer spending power has remained relatively flat during the pandemic while the ability to spend was reduced. This results in a shift from spending on services, such as airfare and hotels, to spending on goods, which is subject to massive supply disruptions. Americans saved at record levels in 2020. If we really want to get goods inflation in check, we should work to entice other countries to reduce COVID restrictions to allow for a free flow of tourism. Spending on vacations reduces the appetite to buy a new car or other goods on a more frequent basis, in turn reducing demand on supply-strained goods.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: forever008 on Dec 15, 2021, 07:05 AM
A WORD OF ADVICE TO ALL THESE CONGRESS MAN AND WOMAN OWN AT LEAST 1 BITCOIN!
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: macaroni on Dec 15, 2021, 07:11 AM
Yeah, raise interest rates by .25% every 6 months until you reach 2%, then stop! The reason raising rates screws up the economy is that they go too fast. Give those Fed governors each a lollypop and tell them to chill. 3% is too high and it will accelerate economic decline.  Productivity has increased per actual human man hours. If you go by dollars per productivity, it will be wrong every time. Union busting has contributed to income inequality. The Fed always overreacts in either direction. They actually cause instability.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Konohaku on Dec 15, 2021, 07:17 AM
I wont use this and  as evidence and tell yourself that you are worried Bitcoin and Tesla will crash. Be safe in everything you do but I would call this irrational fear. The entire US government and US dollar is based of loans and debt. You give and you take. Buy Bitcoin. Buy Tesla. Take what you want. But never forget to give back. If you take. You have to give. People should be more concerned about what they are going to do with all this fast cash in order to help people other people survive. There are 8 billion people on this planet. 10% and I would suggest more are starving to their deaths. That is what we should be talking about. Repaying our debts. Giving back. I hate to burst your bubble. A bubble burst is the least of my concerns.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Detasodo on Dec 15, 2021, 07:23 AM
In the past when inflation would rise the feds would raise interest rates. Why don't the feds raise interest rates? Could it be the feds don't want to pay more interest on 29trillion of debt? The feds have dug a hole they can't climb out of. Now the people are stuck paying higher prices.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: vaimedia on Dec 15, 2021, 07:28 AM
No way they can stop if they try to the economy will deflate to a point where the government will for sure go bankrupt causing famine etc , fundamentally there are 2 problems reducing demographic growth and aging population which is going to devastate the debt burdened economy into a deflationary spiral at one point but for now hyperinflation is the problem .
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: spermous on Dec 15, 2021, 07:34 AM
Nature may abhour a vaccum, but the human world loves bubbles.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: alidus on Dec 15, 2021, 07:40 AM
Biden said that the administration is "closely monitoring" inflation. Safe to say NO, the govt cannot control inflation.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: renayrenckens on Dec 15, 2021, 07:46 AM
This is a hangover of the Trump administration exacerbated by Covid
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: manganate on Dec 15, 2021, 07:52 AM
You'll get used to it. - Love, Argentina.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: ghosttv on Dec 15, 2021, 07:58 AM
The Federal Reserve Bank is very, very destructive to the USA. A gold standard is superior.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: falldown on Dec 15, 2021, 08:04 AM
If lumber and steel go up, how could you say housing prices are in a bubble but the raw meterials are supply and demand?
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: killermatt11 on Dec 15, 2021, 08:09 AM
Whatever lets fuccn go saitama
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: kommandantrex on Dec 15, 2021, 08:15 AM
yes, if all currencies have the same exchange rate, or just use gold or silver currency
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: caik on Dec 15, 2021, 08:21 AM
I hope everything crashes and burns so i can start buying out.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: friezaandcooler on Dec 15, 2021, 08:27 AM
Idek why Im watching this omaon
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: physiotherapy on Dec 15, 2021, 08:33 AM
SEC is taking over Crypto!!!
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: mighty1max on Dec 15, 2021, 08:39 AM
Proof-of-work on notice in that brief energy discussion.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: billabong on Dec 15, 2021, 08:45 AM
Smoke and Mirrors
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: tanzanite1 on Dec 15, 2021, 08:51 AM
 to us traders, investing in crypto is the best and fastest way of making money, but only few understood the secret of crypto currency.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: leocraft on Dec 15, 2021, 08:56 AM
Brooks for U.S. President 2024
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: TBLW on Dec 15, 2021, 09:03 AM
Stop inflation and Joe Biden policies..IMPEACH BIDEN
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: DomoPvP on Dec 15, 2021, 09:09 AM
yes, if all currencies have the same exchange rate, or just use gold or silver currency
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: undergrown on Dec 15, 2021, 09:15 AM
It great time when you have multiple bubbles that can pop. Wild time we live in. Maybe I will make a film about that crash on my YT.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: rosales on Dec 15, 2021, 09:20 AM
why is waters running this? i want someone capable please.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: onds on Dec 15, 2021, 09:26 AM
this isnt good optics for biden,  should shut this down
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: bombardon on Dec 15, 2021, 09:32 AM
It really gets me when these commentators get on here in defense of the Fed the reason I am saying this the FED does not have any dummies on it staff what I am saying here the Fed was not late on any of the financial crisis has they let it happen like it or love it it's the truth
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: clairefeiman on Dec 15, 2021, 09:38 AM
BITCOIN IS A PONZI SCHEME.....so just waiting
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Valrii on Dec 15, 2021, 09:44 AM
Short it then, if you believe it will pop
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: aftermidnight116 on Dec 15, 2021, 09:50 AM
Better educate yourselves a lil more  Its about oil It permeates the world  Blame it on covid Blame it on supple chain  Blame anywhere you want  Go talk to Jimmy Carter  The research will show you  Oil
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: realburnsy on Dec 15, 2021, 09:56 AM
Got to love Mr. Brooks' macro questions in his opening statement ~min 33 including: Do we trust big banks more or a open source model more?
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: lilchachilil on Dec 15, 2021, 10:02 AM
The entire economy due to what I got on the "BACKBURNERS"
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: redyellowgreen99 on Dec 15, 2021, 10:07 AM
What about the Israeli government??
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Emporer on Dec 15, 2021, 10:13 AM
I know this has more dislikes than likes
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: littlenobull on Dec 15, 2021, 10:19 AM
Inflation is real because the pandemic slowed consumption. The BBB can stifle inflation if given the chance.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: EXPLOSIVEdog1 on Dec 15, 2021, 10:25 AM
Inflation is directly linked with money printing. The more money you print, it devalues the money already on the system.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: nolifee666 on Dec 15, 2021, 10:31 AM
<<There's no doubt in my mind that we are not only going bull, but BTC is going nuclear. A lot of people are wondering  newbies who lack understanding on how trading Bitcoin works, to help them recover loss from the crash and also accumulate more bitcoin, with his program i went from having 3.8BTC to 12.8BTC in just 5 weeks.<You can reach him on TE LE GRAM >>>> @LeonCalvintrade.if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profiTs should be the way of lifeThat being said, the market is still all about BTC at the moment and I'll advise current investors and newbies to take advantage of Leon Calvin program, a pro trader who runs a training program for investors
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: lithic on Dec 15, 2021, 10:37 AM
I hope crypto crashes hard because I need a GPU. it's been disrupting GPU supply for years now. it has to stop.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: krisis79 on Dec 15, 2021, 10:43 AM
Maybe don't do anymore stimulus payments because all they do is create more USD
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: jjj on Dec 15, 2021, 10:49 AM
Why not get a group of educated economists that know what they are talking about to use in a major news story? Thanks for nothing.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: alkahest on Dec 15, 2021, 10:55 AM
Chicken or Egg question: Did you write the script first and irrelevantly inserted Tesla in it OR Tesla first and 'found a way' to make you feel good about your missed opportunity!
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Kels_Kels on Dec 15, 2021, 11:01 AM
Powell did the biggest blunder in recent history of monetary policy. Lagarde is worse but it's not a blunder in her case, it's intentional. Madam Inflation wants high inflation in the eurozone. Buy a car today because next year you'll pay 50% more. Lots of printing + lots of savings + pent up demand + supply shortages + investors hedging against inflation = there's no stopping in prices now. Germany planning to increase minimum wage by 25%.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: wwwrun on Dec 15, 2021, 11:07 AM
Citadel will pop next
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: stoop on Dec 15, 2021, 11:12 AM
Should be titled "Can the government spending and Fed printing be stopped?"
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: credits on Dec 15, 2021, 11:18 AM
The bubble is transitory
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: grouch on Dec 15, 2021, 11:24 AM
Sure it can, they just dont want to stop inflation.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: metabolize on Dec 15, 2021, 11:30 AM
Banksters have inflation to get rich, its how they steal your labor...DUH  Your channel is stupid!!!!!!!!
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: sabinaaj on Dec 15, 2021, 11:36 AM
80% of intelligent Americans are NEVER taking the poison vaxx!
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: yonutzjo on Dec 15, 2021, 11:42 AM
2:41:05
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: bobo_the_bear_97 on Dec 15, 2021, 11:48 AM
Yes congress just need to come out with a law defining what a digital asset is and then wont have the deal with the SEC who is only after one thing their pockets to full but hid it through strict regulation
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: mSrty on Dec 15, 2021, 11:53 AM
As Peter Schiff would say, you cannot put the inflation genie back into the lamp.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Butterrose on Dec 15, 2021, 11:59 AM
Dishonest reporting
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: jcreepr99 on Dec 15, 2021, 12:05 PM
Is it not simply that there is just too much money floating around globally and the 'rich' don't know what to do with it. So they invest in anything that might bring some positive ROI and this drives up prices and the spiral begins. And so the rich get richer and the rest of us can pay the price in the end by ball-outs, privatizations and loosing pensions.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: evanzergud on Dec 15, 2021, 12:11 PM
I wouldnt be scared IF the a rich werent getting Richer and Mostly with so much Stimi ‍️‍️ we do need to be Cautious The Rich can Manipulate anything with Money. Sadly Money Is Power
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: gloucester on Dec 15, 2021, 12:17 PM
Well sounds like most of them have no clue what they are talking about.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: ethantennisethan on Dec 15, 2021, 12:23 PM
It's pretty simple when it comes to economics and or war time last person you want running the country is a Democrat anyone with a functional brain knows this
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: bencher on Dec 15, 2021, 12:29 PM
Money is an issue that everyone has for a better and luxurious life.  Life was hard for me until I started making profits on my investment with the help of Mia Linda
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: brandish on Dec 15, 2021, 12:35 PM
did they talk about governance tokens at all?
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: juanototo2 on Dec 15, 2021, 12:41 PM
There is only a bubble if you see a bubble I see pure money. To the moon
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: hypogeum on Dec 15, 2021, 12:47 PM
Wow this  is just full of crap
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: justgrunt on Dec 15, 2021, 12:53 PM
Crypto hustlers claimed bogus technology advancement to scam the unsuspecting congressmen and public.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: inimitable on Dec 15, 2021, 12:59 PM
It is everything bubble.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: ThanonZi on Dec 15, 2021, 01:04 PM
<<There's no doubt in my mind that we are not only going bull, but BTC is going nuclear. A lot of people are wondering  newbies who lack understanding on how trading Bitcoin works, to help them recover loss from the crash and also accumulate more bitcoin, with his program i went from having 3.8BTC to 12.8BTC in just 5 weeks.<You can reach him on TE LE GRAM >>>> @LeonCalvintrade.if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profiTs should be the way of lifeThat being said, the market is still all about BTC at the moment and I'll advise current investors and newbies to take advantage of Leon Calvin program, a pro trader who runs a training program for investors
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: notebook on Dec 15, 2021, 01:10 PM
Just another slick willie.   How can you compare druga that make a drug company rich to this stuff?
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: byrom on Dec 15, 2021, 01:16 PM
2:05:25 hahahahhahaha
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Egemen_ on Dec 15, 2021, 01:22 PM
Yeah ditch the corrupt democrats , pay close attention the the date things started inflating. Sometime around January this year wasnt it. Democrats give you a few cents with much media fanfare later they steal a drollery behind the scenes.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: tailrace on Dec 15, 2021, 01:28 PM
I don't like this, everytime the government put its nose in something it always because more pricey and complicated.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: lavintastic1234 on Dec 15, 2021, 01:34 PM
There is only a bubble if you see a bubble I see pure money. To the moon
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: gavin on Dec 15, 2021, 01:40 PM
Ms Dixon representing a copy and paste crypto . She talks like her company is pure genius.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: hasty6 on Dec 15, 2021, 01:45 PM
*The crypto market has been favorable in the past weeks, I keep missing out on this opportunity, I'm most certainly very impatient how can I ever make a profit in the crypto market.*
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: hyperboy352 on Dec 15, 2021, 01:51 PM
4 of one percent for saving acct.'s & only 1.25% fot 5 yr. CD's!  Yes, mortgage interest was 17%, but houses sold for $40k & there were ways around paying that,  e.g.take over mortgages, purchase money mortgages, etc. I bought two houses then, that way!I'm 75 & will someone please explain why when we had high inflation in 1981, the banks were paying 12% to as much as 18% for 5 yr. CD's! Now, with ever spiraling inflation, we are getting an absurdly low .25% or 1
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: cythera on Dec 15, 2021, 01:57 PM
Considering inflation is worldwide, we may be able to influence inflation but I doubt we can control.it. Nixon created inflation when he took the US dollar off the gold standard in 1971. Volcker's draconian interest rates finally tamed inflation in time for Reagan's second campaign in 1984.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: unster on Dec 15, 2021, 02:03 PM
GameStop is not a meme stock. You lost, deal with it
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: matrixer on Dec 15, 2021, 02:09 PM
Guys ....move your money to Bitcoins
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: mafiosen on Dec 15, 2021, 02:15 PM
Even the bond market bubble hasn't popped yet. The biggest Ponzi of all.   Bringing an old w guy who's a gold bug to tell us Bitcoin is a bubble... might as well bring us a drug dealer to tell us why drugs are great for us
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: lukewarm on Dec 15, 2021, 02:21 PM
So they basically only care about whether crypto challenges existing systems? How STUPID
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: dangranos on Dec 15, 2021, 02:27 PM
yes but in order to do so they would collapse the stock market and housing market.. this is all intentional to destroy the dollar to move to a digital fed currency for complete control.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: gretchengrete on Dec 15, 2021, 02:32 PM
The simple answer is No.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: jaymonk on Dec 15, 2021, 02:38 PM
$BTC the inflation hedge
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Acoust1c on Dec 15, 2021, 02:44 PM
How can one let politicians question CEOs for the crypto community without none biased experts?
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: brisesoleil on Dec 15, 2021, 02:50 PM
Inflation only stops when it finally kills the host. But it always comes back.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: utu on Dec 15, 2021, 02:56 PM
No, it cannot. The US is completely addicted to inflation. Inflation is simply an expansion of the money supply, not the CPI or whatever nonsense the silly government says it is. Is the US government going to stop expanding the money supply? Never. It's literally impossible.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: leong on Dec 15, 2021, 03:02 PM
Inflation crisis can be solved it depends on the monetary  policy structures use. Since inflation is described as too money running ahead of fewer goods. May be the government want to solve the deficit problems,and solve the issues of the import of goods &services.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: leggos_my_eggos on Dec 15, 2021, 03:08 PM
lmao... yeah... everybody sitting around the office with graduate degrees with no1 to do their work for them
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: allen on Dec 15, 2021, 03:14 PM
Thanks biden
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Amazone on Dec 15, 2021, 03:19 PM
Man you can't stop criminals activity from nothing. They need to cut that talk out. Whenever they figure  how to keep criminals activity out of politics then holla at us
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: jaspie789 on Dec 15, 2021, 03:25 PM
The world is the way it is because money pulled it in that direction. When the money moves the power moves.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Donat on Dec 15, 2021, 03:31 PM
The wealthy are buying stocks, gold, crypto, real estate, land... anything they can get their hands on. They are even trying to buy entire neighborhoods and cities.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: ClutchKiller on Dec 15, 2021, 03:37 PM
I see Bitcoin. I click on it. I know why MSNBC put that Bitcoin.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: jdburnout99 on Dec 15, 2021, 03:43 PM
Broken capitalism.  Solution,  need to start over.  Burn the FIRE sector. Vote for a change    (pun) demand democracy NOW.org  banks produce  nothing,  zero,  just profits  DNC = RNC = the 1%  =  Wall street not the 99%  remember the 1970s ?  what it took to get change a revolution,  yeah
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: blue1295 on Dec 15, 2021, 03:49 PM
We need Germany translator, please please please
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: ostentation on Dec 15, 2021, 03:55 PM
CLEAN, SOBER, SAFE, HONEST, HEALTHY AND PROSPEROUS CALIFORNIA   RAIN IN CALIFORNIA  LOVE ONE ANOTHER  FREE THINKING  OPTIMISM
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: mantelpiece on Dec 15, 2021, 04:01 PM
How can inflation exist in a zero interest climate where wages are stagnant? Sorry, being Australian I don't get that (Australia is big but our economy is medium sized).  It's different here. We have all the above but we are having a stupidly wild housing market - everywhere.  People are greedy & stupid, rates will rise. When the US ups it's interest rates, a lot of Australians will learn that a $1,000,000 loan on a $120,000 income is not wise.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Yaxes on Dec 15, 2021, 04:07 PM
One of the reason is fed printed $6Tn, where would all of this go....it would throw inflation off the roof...hence the absurd valuation, it's not coming down unless $6Tn is absorbed by Fed
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: amphitrite on Dec 15, 2021, 04:12 PM
Everything's a bubble
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Joker561 on Dec 15, 2021, 04:18 PM
What else are people are suppose to do with the money they save from staying at home??? Buy some stock and drive price up. Retail investor and Hedge funds know it and everyone is on this
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: explodingllama on Dec 15, 2021, 04:24 PM
When inflation goes above what can be earned in the stock market, people will bail out fast.  Nobody is going to sit and watch the real value of their money decline month after month.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: trenttrento on Dec 15, 2021, 04:30 PM
Powell did the biggest blunder in recent history of monetary policy. Lagarde is worse but it's not a blunder in her case, it's intentional. Madam Inflation wants high inflation in the eurozone. Buy a car today because next year you'll pay 50% more. Lots of printing + lots of savings + pent up demand + supply shortages + investors hedging against inflation = there's no stopping in prices now. Germany planning to increase minimum wage by 25%.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Saxy101 on Dec 15, 2021, 04:36 PM
POWELLLL GO BRRRRRRRRRRRRRR!!!!.....
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: ablepick on Dec 15, 2021, 04:42 PM
"that's traditionally low margin business"  Sure, but Tesla's margin on vehicles was ~26% (!) last quarter, and Hertz didn't get any discounts: they just got in line like everyone else.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Finferno00 on Dec 15, 2021, 04:48 PM
Ontario is the next bubble
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: ChanceIsChance on Dec 15, 2021, 04:54 PM
hour.If wages actually raised with productivity; the minimum wage would be upwards of +$20
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: scenarist on Dec 15, 2021, 04:59 PM
Do Americans really realize that the FED is not a part of the federal government......?  that it is a privately owned corporation by a few oligarchs......using only the people's consent to print money, as its capital, they buy everything and own everything..  After printing so much money, it then buys up stocks, bonds, treasuries, properties, and OWN everything, but the "money" used to buy them, is added to our $29 trillion national debt...wtf.  Great scam, isn't it...and the name is very clever to hide the private ownership...the FED..  Why are we allowing this...?  China doesnt have the equivalent, instead it has the People's Bank of China, therefore everything is owned by the Chinese people...instead of a few rich capitalists....who never invested, in the first place.....who are these people?  The communist CPC is not evil, as we say,  afterall. No wonder China is in a better place than the US.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Sonikraft22 on Dec 15, 2021, 05:05 PM
6:00 You know what? Investors bet their money on the future of the investment.  I won't invest in a company because it's big now, I'll invest in it because it'll be bigger in the future.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: berget on Dec 15, 2021, 05:11 PM
The difference between bitcoin and Tesla is that Tesla produce something that is tangible unique and is self supported by the most advanced technology in its market, It has mega factories ready to produce, It is also an energy provider, Solar, and has an infrastructure of the largest charger network. Telsa cars are the fastest and safest in the world.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: TankBM5 on Dec 15, 2021, 05:17 PM
I'm from Ukraine but so happy to see US regulators attitude and ceos delivery, 5 hours of smooth enjoyment!
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: jusicat on Dec 15, 2021, 05:23 PM
Ok yeah, that other bubble is the USD. Thanks for playing and good luck!
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: ErMine1 on Dec 15, 2021, 05:29 PM
They're talking about run-of-the-mill inflation driven by wage-price spirals, and saying that's how you get an inflationary spiral. In my mind, that's not the only way. We have a fiat currency and it's value is really derived from people's faith in it's value. You can print money and encourage borrowing etc, but much like stock market bubbles, there is a tipping point in there when all the feedbacks turn from negative to positive.  Normally, you hold money, it holds it's value, there's no real push to gain or spend it. If you think inflation is going to increase, it now becomes a hot potato that you want to spend as soon as you get it. You do this by buying useful assets like houses, land, food, things you need. When everyone does this it drives up the price, which would normally dampen demand, but if the expectation that money will continue losing value and the price will only increase, then the price doesn't matter anymore. Sellers can ask arbitrarily high prices. But who's going to sell into this and accept that money? Thus supply goes down at the same time demand goes up, further exacerbating the situation.  The government has been pumping new money into the economy to try and stimulate it, yet velocity stays low. Who needs to spend all that money under normal circumstances? But what happens when it all starts losing value? All that "cold" money suddenly turns hot, and the *effective* money supply suddenly increases. Meanwhile, everyone is also incentivized to borrow as much as possible to "short" the currency, further increasing the supply. But who wants to lend into this? The credit market slows, and the government steps in as "lender of last resort" again....using printed money.  Meanwhile, the massive amounts of money tied up in the stock market suddenly need a new home. I mean, who wants to hold a stock when all you can get out of it is increasingly worthless money. You paper gains are impressive, but it's only a reflection of the fact your asset is losing value, because the only value it has is denominated in dollars (rather than any kind of tangible use).  I mean it goes on and on. Wage-price spirals may be a part of 'normal' inflation but they don't really play into hyperinflation.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: FireEmblemBZP on Dec 15, 2021, 05:35 PM
Not if Biden keeps making policies that increase it. For example, now truckers can't bring in goods from Canada unless they've been vaccinated, and that means 20% of truckers that normally would deliver cannot. So that's going to increase the cost of goods. And Biden and his team are either too stupid to understand this, or they understand it completely and want inflation. That way when the economy fails they can take it over completely and blame capitalism.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: wordless on Dec 15, 2021, 05:41 PM
The world economy is going to crash hard
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: dustymole on Dec 15, 2021, 05:47 PM
Yes, president Trump already started the process, but the socialist party wanted American more debts.  The corruptions official corrupted every sectors which destroys our entire nation slowly and now we are facing inflation from many decades covered ups.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: thmu2012 on Dec 15, 2021, 05:52 PM
Inflation need to keep you guys poor
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Killer_Chris on Dec 15, 2021, 05:58 PM
ICE car manufacturers that pretend to be transitioning to electric. GM is the poster child   
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: breezeway on Dec 15, 2021, 06:04 PM
2% is not low inflation
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: tijoeg on Dec 15, 2021, 06:10 PM
Shame. The congress knows nothing more than your typical no coiners
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: licentious on Dec 15, 2021, 06:16 PM
Why until now you have realize that your exaggeration of outsourcing in China is the main cause of inflation. You need to generate jobs and production locally.  Too much advance thinking ha, go back to basic.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Bartoszzzzz on Dec 15, 2021, 06:22 PM
Elections have consequences..TRUMP 2024   
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: FrytarPL on Dec 15, 2021, 06:28 PM
The only one hurting is them because they can't buy cryptocurrency legally they are being left behind. Cyptocurrency is taking market share from traditional investments like gold and even a good share of stocks. Microstrategy just buying bitcoin at 30k not only made them billions but grew there companies market cap by quadruple .
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: sparklekitty348 on Dec 15, 2021, 06:33 PM
The government can do nothing oil is attached to everything and we use 840 million. Gal every day just in the united states. Another 80 million barrel of oil in the rest of the world and we are running OUT
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Sher on Dec 15, 2021, 06:39 PM
Thanks to I got my  credit score fixed up,and I got the check of $7k delivered yesterday,you are the best to deal with.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: apple_wanhee on Dec 15, 2021, 06:45 PM
"Actually, nobody can see a bubble; that's why it's a bubble"
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: marki224 on Dec 15, 2021, 06:51 PM
Hatchet job lol
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: duong on Dec 15, 2021, 06:57 PM
Oh, I thought we were being told that inflation is a good thing now?
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Dementedmilk on Dec 15, 2021, 07:03 PM
Its not inflation. Its price gouging.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: icao on Dec 15, 2021, 07:09 PM
services that are used for inflation should be comparable and easily measured, however this is an old way of thinking to keep calculations simple and easy to track. However society and technology have gotten more advanced. Why can't there be a more advanced inflation model be created that factor in for inconsistent products and services such as housing, food and electricity? Seriously, google can on the fly calculate ideal driving directions instantly for many millions of drivers at any given moment in the day around the world, but economists are limited to the easiest goods and services to track? There are online bots that track prices constantly for deals for consumers. Builders, realtors, property assessors, and so forth have a wealth of information to price homes. Builders may even go with price multipliers to get a general price for out of state pricing. Inflation likes to avoid volatile prices, but the reality is people are buying this constantly that are priced this way. If bots can get pricing and figure our averages and trends on a per product basis, why can't that be used for inflation? I'm no economist, and I don't care for reasons that equate to "it's too hard", when that's not how we got to this point in society. Trillions are at stake based what economists says about the economy, so why not spend more on getting better information.I get that the basket of good
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: axis2001 on Dec 15, 2021, 07:15 PM
Answer: No. Go buy gold and BTC.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: dazen on Dec 15, 2021, 07:20 PM
Its time for money to exit the DXY and go into cryptocurrencies.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: vance277 on Dec 15, 2021, 07:26 PM
crypto Market lately has been so encouraging couple with the fact that there is a new president in charge which experts has projected his administration to be a win win for investor in the store market. What are you still waiting for my dear? The time is now! Great The stock
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: fortsettler on Dec 15, 2021, 07:32 PM
 decoupling from china; how ta hack not cause inflation. increase wage 1.5XKickout immigrant
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Zerovox on Dec 15, 2021, 07:38 PM
No . It can't! 100%
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: glenzelig on Dec 15, 2021, 07:44 PM
watch?v=q8VIBSZEGmI&t=4s&ab_channel=CryptoMoonlightcom
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: anthrox on Dec 15, 2021, 07:50 PM
Boomer media: "bItCoiN dOeSnT haVE fUNdAmENtaL vALue"  lol you all were saying that when it was a few bucks, and you'll continue to say it when it's valued at hundreds of thousands. I can't wait for your leech filled "financial advisor" industry to be gutted.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: plasmosis1 on Dec 15, 2021, 07:56 PM
Print baby print!
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: meanwhile on Dec 15, 2021, 08:02 PM
FUD
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: tanada on Dec 15, 2021, 08:07 PM
The fear mongering in US media is insane. As long as inflation is controlled it is NOT a problem. It didnt appear out of nowhere, it is the outcome of the economic stimulus created by the government. The United States is the greatest economy on earth with the greatest minds to work on this problem. I am sure things will be just fine.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: rosalindrosalinda on Dec 15, 2021, 08:13 PM
 world  Governmental debt and out of control money printingThis article is flawed inflation is caused in a large part by excessive money printing. They did not even mention this among the causes that have led to this wave of inflation. In fact there are multiple causes of inflation that are all made worse by the national
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: cosine on Dec 15, 2021, 08:19 PM
Inflation will be transitory. I heard a similar story about weapons of mass destruction in Iraq
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Izso on Dec 15, 2021, 08:25 PM
according to  anything that's going up is in a bubble
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: osvaldooswal on Dec 15, 2021, 08:31 PM
If you don't own a house  and stocks you are doomed.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: thedomomasters on Dec 15, 2021, 08:37 PM
None will pop!! None!! BTC should drop tomorrow at 8:30 AM that will be the bottom!!  Housing is not over leveraged! only the wealthy are buying! My  Tesla plaid X in on order for July 2022 lol!  The United states needs crypto or its  death for innovation and growth of its citizens.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: leolegoman100 on Dec 15, 2021, 08:43 PM
Answer: No. Go buy gold and BTC.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: nexua on Dec 15, 2021, 08:49 PM
Mr Sherman: Thats because YOU do not make it legal tender. You have a monopoly of money printing.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: abijah on Dec 15, 2021, 08:55 PM
booster shots are inflationary. Who's paying for tests and vaccines? Your purchasing power. When government interferes with the working class and businesses through more and more regulation, does that increase output or decrease output? It decreases output causing higher prices for goods and services. Bill Gates' carbon tax to fund his chalk marks in the sky. Is that carbon tax inflationary or deflationary? It's inflationary. There is zero benefit to the middle class by flying airplanes spraying dust into the atmosphere. The entire process is inflationary.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: coolcarlos3456 on Dec 15, 2021, 09:00 PM
 senators make 150. all this needs to stop they stole the money from us I think they can pay off the national debt and inflation does not help nobody we can see it today.Ronald Reagan started the sparrow of wages he said trickle down economics but the problem it never got to the workers only to the CEOs they make 350 times more than average worker in Congress
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: Sergeant_Frank on Dec 15, 2021, 09:06 PM
I believe that US gov. will not make this situation getting worse.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: andrewpagniello on Dec 15, 2021, 09:12 PM
how to stop it: stop our current administration. not with paperwork, or votes, or impeachments but plain old force instead. like shoved out into the street to land on asses.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: alangreyjoy on Dec 15, 2021, 09:18 PM
Investing has never been so mainstream, the money has to go somewhere right?
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: moonlight2000 on Dec 15, 2021, 09:24 PM
Tesla was bubble at 60$ a share, and then 180$ a share, and then 500$ a share and now 1000$ a share. Keep it up , your analysts on screen are joke. Teslas fundamentals are far strong and have much more potential. Buying the dip is the best thing to do.
Title: Re: Bitcoin could become ‘worthless’, Bank of England warns
Post by: wolf8951 on Dec 15, 2021, 09:30 PM
Some segments in the  are stamped not adjacent to each other