Quote from: milewilda on March 31, 2020, 08:45:41 PM

Quote from: styca on March 31, 2020, 08:03:05 PM

Quote from: Radzilla on March 31, 2020, 01:59:45 PM

financial system is unstable. Almost all countries are giving "helicopter money" which is printed in huge amounts by governments and banks. Of course in short period of time - it will help, but as I can see in long-term it will cause the inflation, and it is going to "kill" middle class people. Why? 1st, inflation will decrease their saving, 2nd - interesting rates must go up to save the economy. It will make credits much more expensive than they are right now. 3rd - a lots of people will lose their job.

You are absolutely correct. We are sitting on another financial crisis. Last time the banks got bailed out, and bitcoin was created in response. This time the bailout extends further. The deficiences of fiat are revealed yet again. The time for bitcoin is coming... will it be now? Hard to say. Maybe this time it is too early, but yes, soon bitcoin will become the ultimate value store and supplant gold and silver.

The only thing is I would recommend you buy some bitcoin as well as alts. As soon as money starts coming back to crypto, it's likely that bitcoin will lead any price surge. Not definite, of course, just this is usually how it works, and alts follow afterwards.

Nothing is assured no matter how we do hate the current fiat system.Yeah, it might have those lots of flaws but people or the entire world would still consider on using up this system in spite to that matter.
Im not saying that Bitcoin doesnt have a chance but its just really hard to believe on that i will replace fiat anytime soon and also we know the differences in between crypto and natural resources/mineral
when it comes to price movement and actual value.In spite on thinking up or minding too much it would be better to accumulate both if you'd like to.

Of course, you are right. People still belive in FIAT currencies, but the value of FIAT currency is mainly based on trust for the government. I think, that world is going to stop for another 3-4 months before everything goes back to "normal". This will cause things, that even not-educated people will see (inflation, more expensive credits, less things in shops, etc). People will try to find new asset which will help them to "safe" their money. There is not enough gold and silver on this planet for everyone... But there is different situation with crypto.

I think that Bitcoin is like Ford "T" for automotive. It showed us the way, but we are not able to use it in everyday life. ETH is like 2000s" Cars. It is more stable, faster, cheaper and scalable, but after the 2017 hype it is starting to become more useless. And now we need to look for cars like Tesla...