Bitcoin can fight inflation? - page 3.

edgycorner

sr. member

Activity: 1064

Merit: 382

Hurrah for Karamazov!

The article in your post is garbage(no offense to you ofc). It tries to convince us that Bitcoin is a good investment to mitigate inflation, but it doesn't talk about its volatility even once.

It's trying to say that Bitcoin is a good investment because it's immune to inflation, but in the same breath, it admits that Bitcoin's prices swing up and down based on people's opinions Huh

.
So if you're thinking about investing in it to save yourself from "inflation", you'd better be prepared to ride the roller coaster lol

virtualdn

legendary

Activity: 1358

Merit: 1093

Yes. Actually it's the only thing which will fight inflation, now and in 10 or 20 years. This is why I like keeping money in BTC and not in crappy fiat. Fiat is doomed, no matter how much you have. If you cash out to fiat buy a house, a property or something but never keep money in fiat, even in the banks, those money are losing value day by day.

Many people don't see the BTC potential here, but hey, not everybody can win right?

sklopan

jr. member

Activity: 98

Merit: 2

I think yes. In general, I think that bitcoin made such a peak for the reason that the market is also not in the best situation now. But, we will see the result soon, I think.

darkv0rt3x

hero member

Activity: 1274

Merit: 681

I rather die on my feet than to live on my knees

Quote from: The Cryptovator on June 25, 2022, 02:12:31 PM

No, I don't think Bitcoin could or should fight inflation. Bitcoin isn't out of the global economy. So the global economic collapse for any reason, Bitcoin wouldn't prevent. Bitcoin is a highly volatile cryptocurrency it can't make a stable global economy anyway. Don't expect too much, Bitcoin would be a great store value for the future and would keep a major role in the global economy. But can't fight inflation. Bitcoin itself is decentralized and no one can control it.

You're talking in a short period of time, right? Otherwise, why can't Bitcoin be part of the global economy? It already is part of it. Small part, but it already is part of it! Bitcoin is not meant to prevent any collapse, is meant to replace the collapsed system. And it is still volatile just because there is still not enough liquidity to be able to absorbe the bigger transactions, that's all. We need to give it time for adoption, education, etc. Bitcoin is and will still be perfect for storage of value and also as a global economy. Don't forget that LN is part of the Bitcoin ecosystem.

hugeblack

legendary

Activity: 2702

Merit: 4002

Do you mean global or local rates or related to individuals? Inflation is due to several reasons and to hedge them, several things vary from gold to silver to real estate and Bitcoin, and therefore knowing the causes of inflation will help in choosing the ideal tool.

As for the solution, it cannot be done without diagnosing the issue.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

It does not fight it, it just helps soften the blows to people who already has it. It was never meant to be a solution to economic problems and save everyone in the first place. Even bitcoin loses a ton of its value during bad economic conditions, so I'm not sure how people still believe that it does not and will not lose its value and be a solution to inflation.

Keep some bitcoins and help yourself, but do not expect that bitcoin can retain that value 100% of the time. It's not a magical object that is immune to anything negative, it has its flaws too, so better stop believing that it's here to always save the day.

The Cryptovator

legendary

Activity: 2394

Merit: 2223

Signature space for rent

No, I don't think Bitcoin could or should fight inflation. Bitcoin isn't out of the global economy. So the global economic collapse for any reason, Bitcoin wouldn't prevent. Bitcoin is a highly volatile cryptocurrency it can't make a stable global economy anyway. Don't expect too much, Bitcoin would be a great store value for the future and would keep a major role in the global economy. But can't fight inflation. Bitcoin itself is decentralized and no one can control it.

Flyingjack123

jr. member

Activity: 66

Merit: 2

The rising inflation is becoming a big problem and macroeconomic conditions are worsening.
I want to know if bitcoin can in help us to fight inflation
I came across this article, which says that the decentralised nature of bitcoin and the limited supply of bitcoin can actually help it to retain its value over longer time and thus it can actually help us mitigate inflation .

Can someone help me to understand this further

Link to the article:
https://guardian.ng/features/how-bitcoin-can-mitigate-inflation/

Topic: Bitcoin can fight inflation? - page 3. (Read 518 times)