and anyway if u keep the fiat in bank u will get amount of interest
for longterm i will choose gold or stable gold in crypto asset but bitcoin after halving is become another option to hold
Topic: [2020-08-24] Why We’re Holding Bitcoin as a Reserve Asset (Read 105 times)
inflation of fiat money kind of slow and stable different with crypto industry that happen very fast and unstable.
and anyway if u keep the fiat in bank u will get amount of interest
for longterm i will choose gold or stable gold in crypto asset but bitcoin after halving is become another option to hold
and anyway if u keep the fiat in bank u will get amount of interest
for longterm i will choose gold or stable gold in crypto asset but bitcoin after halving is become another option to hold
This was indeed a good and positive news. However, there was a thread that's posted earlier than this on the economics section.
Another company buying bitcoin as capital allocation strategy
Another company buying bitcoin as capital allocation strategy
Would you rather save money in a currency whose supply is inflating each year? Or would you rather save in a currency whose terminal supply is programmatically fixed?
This is not what people think when they choose for a method of saving. They ask "which currency will retain the most of its value", and while fiat currency lose some value, Bitcoin is completely unpredictable and can lose a lot of value in short time. Even if in the past it performed as a great investment, it's still not suitable for saving, because it is risky. For the purposes of minimizing risks, a strong fiat currency is better than Bitcoin. This is why people around the globe hodl US dollar if they are afraid that their local currency may fail. And if you are afraid of US dollar crashing, you should pick gold.
I had to make that decision a few times recently. I had several purchases to make in the $5K range. I really wanted to pop 0.5-1.5 BTC just to take all the "strain" out of my scenario, but in the end I grabbed long hard fought for cash deciding to let every single BTC just keep rolling. I wouldn't have missed 1 BTC but math tells me I made the better move. Of course my "math" is long term prognostication that it will rise faster than my other portfolio components.
Let me ask you a question…
Would you rather save money in a currency whose supply is inflating each year? Or would you rather save in a currency whose terminal supply is programmatically fixed?
Given everything going on in the global economy, this is a question we’ve had to start taking seriously as Snappa continues to scale and produce growing amounts of free cash flow.
It became even more important when our bank slashed the interest rate on our “high interest” savings account to 0.45% earlier this year. This means that the purchasing power of our Canadian and U.S. dollars is actually decreasing after adjusting for inflation.
More here https://chrisgimmer.com/bitcoin-reserve-asset/
Very good news and also a good source of Bitcoin info for newbies.
Would you rather save money in a currency whose supply is inflating each year? Or would you rather save in a currency whose terminal supply is programmatically fixed?
Given everything going on in the global economy, this is a question we’ve had to start taking seriously as Snappa continues to scale and produce growing amounts of free cash flow.
It became even more important when our bank slashed the interest rate on our “high interest” savings account to 0.45% earlier this year. This means that the purchasing power of our Canadian and U.S. dollars is actually decreasing after adjusting for inflation.
Quote
Fortunately, I believe we now have a far superior savings technology available to us. That technology is Bitcoin.
More here https://chrisgimmer.com/bitcoin-reserve-asset/
Very good news and also a good source of Bitcoin info for newbies.
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