Quote from: 1Referee on September 23, 2018, 05:58:44 PM

Quote from: carlisle1 on September 23, 2018, 02:25:25 PM

I believe this is a worldwide effect while america is doing better regarding economy

The US dollar is the base currency of the world, it doesn't increase or decrease in value against other fiat currencies. It's pretty much the same with how Bitcoin is the base currency in the crypto world. Bitcoin's BTC value doesn't increase or decrease either, the other currencies do.

The point is that as long as we believe that something is a base currency, the underlying economy or network in Bitcoin's case doesn't necessarily have to perform well. People for once just need to stop saving up their entire net worth in one specific fiat currency. It has always resulted in problems during bad economical times, so why are most people still not taking the necessary actions by hedging their native fiat currency?

This is one of the main reasons why the gap between rich and poor keeps growing larger. They don't act but just complain about governments and wait for them to force through improvements, which will never happen. Get off that lazy ass and stop playing victim.

At the end, all that would be based on the information that the rich will always have and the poor will never have, probably based on awareness or accessibility to it. People have always tend to focus so much on what the government is not doing over the years and keep whining rather than taking control of the way things should be like for themselves but like I said, I would say people tend not to seek for answers and solution to things, but rather uses complaints to remain in one stagnating position over time.