Topic: Bitcoin can save you against inflation if you invest in & hold it some years - page 2. (Read 438 times)
June 01, 2024, 01:18:20 AM
well, owning bitcoin might save us from inflation because only it goes up continuously. I hope the price can be higher than the current price. Apart from saving from inflation, bitcoin even has very fast growth compared to other investments. Investing in gold can also save us from inflation, but the price movement is a little slow, meaning it will take us quite a long time to feel the benefits of gold. However, if we look at the price of bitcoin 10 years ago, then the current price is really fantastic and I think there is no harm in holding bitcoin in the long term.
June 01, 2024, 12:24:23 AM
Not every have that kind of money so even if you want us to hodl bitcoin, it would probably take many of us a long time before we can see our bitcoin going up in price and by then, the price of a house and lot would be at such an astounding levels that it's probably not worth it to buy anymore and just continuing hodling.
This is not about having the amount of money that can buy a house and use it to buy bitcoin. House is just used as an example in the OP just to let us know that bitcoin is an asset that can be used to hedge against inflation. It can be used instead of saving dollar or fiat in your bank account, you can buy bitcoin instead and hold it. According to the image in the OP, he is comparing bitcoin and fiat, that fiat is an inflationary asset. May 31, 2024, 10:22:30 PM
~
It’s nice that you are suggesting investing in bitcoin to your co-workers possibly friends and family as well. But personally I wouldn’t want to suggest it anymore especially if they do not want to listen anyway. I will just be wasting my energy and effort in trying to make them understand.
May 31, 2024, 09:49:08 PM
That's what I've telling my co-workers in a while when they ask about bitcoin, that's it a good hedge against inflation and the only way that they can save themselves from the ever increasing inflation and the rampant price growth of the goods and services is if they start investing now albeit slowly so as to make sure that they're not being too greedy but still making some point into investing something. Probably that's the only thing that you should do with bitcoin, trading should be left to the altcoins and such. I think that it's really stupid for anyone to not invest now when all the stuff about bitcoin growing through the years is already an evidence that it's a safe asset to invest into despite the arguments that the market is so volatile, that volatility can easily be remedied by having the patience to wait things out.
It’s nice that you are suggesting investing in bitcoin to your co-workers possibly friends and family as well. But personally I wouldn’t want to suggest it anymore especially if they do not want to listen anyway. I will just be wasting my energy and effort in trying to make them understand. May 31, 2024, 09:43:48 PM
That's what I've telling my co-workers in a while when they ask about bitcoin, that's it a good hedge against inflation and the only way that they can save themselves from the ever increasing inflation and the rampant price growth of the goods and services is if they start investing now albeit slowly so as to make sure that they're not being too greedy but still making some point into investing something. Probably that's the only thing that you should do with bitcoin, trading should be left to the altcoins and such. I think that it's really stupid for anyone to not invest now when all the stuff about bitcoin growing through the years is already an evidence that it's a safe asset to invest into despite the arguments that the market is so volatile, that volatility can easily be remedied by having the patience to wait things out.
May 31, 2024, 05:57:09 PM
First of all, graphic is VERY realistic, depends on where you are though, USA is as big as a continent, meaning that something that happens in Florida, may not happen in Nebraska, they are different places, a rural and urban area house will have different results as well. But if we are talking near Manhattan type of New York, or Bronx/Queens then we can see that it did grow to be like that.
I have seen houses that worth 300k become 450k in the past 5-6 years, so it's quite close to this. I have never even been to America in my life, so I am not saying I know this, I just like real estate so I check it for fun at times. And bitcoin prices are a fact, so when you combine these two data, then it's true that you are right about this.
I have seen houses that worth 300k become 450k in the past 5-6 years, so it's quite close to this. I have never even been to America in my life, so I am not saying I know this, I just like real estate so I check it for fun at times. And bitcoin prices are a fact, so when you combine these two data, then it's true that you are right about this.
If nothing else, the graphical representation of the OP is quite interesting. If somehow true in some parts of the US, then, I would say, a lot of people will be convinced in trying their hands on crypto market. Such comparison is a very good one to attract one person to check out btc. However, one should not force anyone to go into this market, they should be willing to educate themselves about the risks that come with this volatile asset.
May 31, 2024, 03:18:15 PM
This is also one of my reason why I am putting my savings in crypto, the value of Fiat keeps on decreasing because of inflation, the money that we have now or the amount that we could buy would surely be lessen in the future.
But if I would put it in crypto it could also give me a profit by holding it, and could save me from inflation.
But if I would put it in crypto it could also give me a profit by holding it, and could save me from inflation.
May 31, 2024, 02:46:52 PM
First of all, graphic is VERY realistic, depends on where you are though, USA is as big as a continent, meaning that something that happens in Florida, may not happen in Nebraska, they are different places, a rural and urban area house will have different results as well. But if we are talking near Manhattan type of New York, or Bronx/Queens then we can see that it did grow to be like that.
I have seen houses that worth 300k become 450k in the past 5-6 years, so it's quite close to this. I have never even been to America in my life, so I am not saying I know this, I just like real estate so I check it for fun at times. And bitcoin prices are a fact, so when you combine these two data, then it's true that you are right about this.
I have seen houses that worth 300k become 450k in the past 5-6 years, so it's quite close to this. I have never even been to America in my life, so I am not saying I know this, I just like real estate so I check it for fun at times. And bitcoin prices are a fact, so when you combine these two data, then it's true that you are right about this.
May 31, 2024, 01:35:53 PM
Bitcoin is now moving into the mainstream financial world. Pretty soon you will be stupid not to own any. I don’t think there has ever been an asset like it. I would not feel comfortable not having any exposure to Bitcoin in my portfolio. Inflation is a very real threat to our purchasing power, Bitcoin is the perfect antidote.
May 31, 2024, 07:56:36 AM
Either of it all, i know that bitcoin is more preferred when it comes to asset of investment than any other physical form of assets which we have been used to like real estate, this alone requires for maintenance annually and you don't have to go through any unnecessary stress with bitcoin investment over any maintenance challenge or go through a centralized authority before you could invest or use a wallet for it, bitcoin is all we want to have financial economy dreams achievable to our benefits.
May 31, 2024, 07:40:26 AM
Do you think saving in Bitcoin is a better hedge against this kind of economic uncertainty?
Yes. Even though bitcoin is volatile I still think it’s a better option than just a saving your money and letting it lose value over time. It’s also a much safer way of saving, in my opinion, in terms of where to save it.Quote
How do you balance traditional savings with Bitcoin in your investment strategy?
It’s still important to have some cash on you in case of emergencies. I always leave out some to make sure that I have something to pull out when in need. 
May 31, 2024, 07:17:21 AM
The USA. national debt is $34T today and it was only about $10T in 2023. The national debt increases 300% within one year, it's amazing 'success' from government and central bank in the country. It won't stop there because the debt ceiling will be raised again next year.
The point is not the debt they are handling, the point is the demand of USD. Unless the demand goes down and another currency become a global currency they will keep on increasing the debt threshold.
Everyone here knows that the global currency is USD, even Bitcoin is valued on the basis of USD and the biggest stablecoin is pegged to USD , then why you want to question the existence of USD and then compare it with inflation.
Regardless of how we think Bitcoin is for financial freedom it is still not more than an asset. It will remain as an asset which can make an individual or a country powerful enough to question the USD dominance.
May 31, 2024, 07:10:28 AM
https://pbs.twimg.com/media/GO23NN8WUAIHqPU?format=jpg&name=900x900
Price of a house in the USA, I don't know how accurate this graphic is.
The USA. national debt is $34T today and it was only about $10T in 2023. The national debt increases 300% within one year, it's amazing 'success' from government and central bank in the country. It won't stop there because the debt ceiling will be raised again next year.
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
https://www.pgpf.org/national-debt-clock
You can try to save your money from your jobs in bitcoins and prepare for your wealth and retirement earlier than if you work days by days without bitcoin in your savings and investment portfolio.
https://pbs.twimg.com/media/GOyfh56XMAA9iya?format=png&name=900x900
Do you think saving in Bitcoin is a better hedge against this kind of economic uncertainty? How do you balance traditional savings with Bitcoin in your investment strategy? Price of a house in the USA, I don't know how accurate this graphic is.
The USA. national debt is $34T today and it was only about $10T in 2023. The national debt increases 300% within one year, it's amazing 'success' from government and central bank in the country. It won't stop there because the debt ceiling will be raised again next year.
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
https://www.pgpf.org/national-debt-clock
You can try to save your money from your jobs in bitcoins and prepare for your wealth and retirement earlier than if you work days by days without bitcoin in your savings and investment portfolio.
https://pbs.twimg.com/media/GOyfh56XMAA9iya?format=png&name=900x900
May 31, 2024, 07:05:40 AM
Price of a house in the USA, I don't know how accurate this graphic is.
The USA. national debt is $34T today and it was only about $10T in 2023. The national debt increases 300% within one year, it's amazing 'success' from government and central bank in the country. It won't stop there because the debt ceiling will be raised again next year.
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
https://www.pgpf.org/national-debt-clock
You can try to save your money from your jobs in bitcoins and prepare for your wealth and retirement earlier than if you work days by days without bitcoin in your savings and investment portfolio.
lol you meant 2003, not 2023. National debt tripled over the past 20 years, not in one year lol
But that graphic is pretty amazing. Simple graphics like that are probably the best education to make people start getting interested in learning about Bitcoin and stop thinking its some sort of scam.
May 31, 2024, 05:44:58 AM
Price of a house in the USA, I don't know how accurate this graphic is.
May 31, 2024, 05:42:07 AM
Well said instead of saving our money in fiat or bank account more especially those who are planning to buy a house, is very good to Invest it in bitcoin instead of saving it in the bank, because as time goes on that's how it keep increasing. but for bank instead of your money to increase it will still reduce, sometimes due to the charges that bank normal takes, even if you don't have a decent job that is paying well you can still use DCA method before you know you have accumulated a lot.
I agree that investing in bitcoins is a very good decision, but if you invest the money you are buy a house in bitcoins, you may be at risk. Because there is no guarantee that Bitcoin will always increase, I am optimistic that the Bitcoin price will continue to increase in the future. If you have invested in bitcoins and if you want to withdraw your money from there for planning to buy or build your house then you can withdraw from there and transfer to bank no problem. But if you invest in bitcoins and want to complete the construction of the house, you may spend extra money, if the price of bitcoins falls, then a part of your surplus will go to the extra spending sector. 
May 31, 2024, 05:40:32 AM
Its true that bitcoin will help a lot of people if they will just explore, learn from it, and invest in it, but the word you chose or statement is that people will be saved in the inflation rate if they will invest in bitcoin and hold it for some years. I get it and know it that, in order to maximise the profit of bitcoin, the good option is to hold it and wait for bull runs or bullish events, but for others that couldn't wait for a year, that will be impossible for them, for example, poor families who can't even have money to eat twice a day, so they will need to invest in bitcoin and wait for years in order to survive. What I'm saying is that bitcoin will definitely make you wealthy if you do it right, but of course it depends on your situation in life. You should work on living first in order to focus on investing in bitcoin.
May 31, 2024, 04:08:59 AM
The housing price is correct, based on the House Price Index. But don't make the mistake of thinking you can extrapolate historic data with certainty: Bitcoin's price development wasn't certain in 2016, and it's not certain now.
What you mean in short is that bitcoin is a speculative asset. I found that to be true but that is how life is because people are speculating on a lot of things including gold. With how the world is right now as they have embarrassed bitcoin, the price by the next 10 years is going to increase and another of this kind of posts might be posted at that time if this forum is still existing by then.And make sure people who want to start DCA-ing Bitcoin should invest in the right place i.e. non custodial wallet.
Most people use centralized exchange as a place to hold their coins because they think it's safe and cheaper, but if one day the exchange went bankrupt and they can't withdraw their money, they will lost all of their hard earned money.
High bitcoin withdrawal fee on the exchanges is a disadvantage. Lightning network for small amount is good while normal cold wallet for the huge amount is good. Most people use centralized exchange as a place to hold their coins because they think it's safe and cheaper, but if one day the exchange went bankrupt and they can't withdraw their money, they will lost all of their hard earned money.
May 31, 2024, 03:02:11 AM
And make sure people who want to start DCA-ing Bitcoin should invest in the right place i.e. non custodial wallet.
Most people use centralized exchange as a place to hold their coins because they think it's safe and cheaper, but if one day the exchange went bankrupt and they can't withdraw their money, they will lost all of their hard earned money.
Most people use centralized exchange as a place to hold their coins because they think it's safe and cheaper, but if one day the exchange went bankrupt and they can't withdraw their money, they will lost all of their hard earned money.
May 31, 2024, 02:58:38 AM
It's just a possibility, no one knows the future and what it may behold, and we speculate based on the occurrences from the past. Though we know it has the potential, what if Bitcoin doesn't gain much value in the next decade? I mean, it's possible, that there might be a lot of uncertainty and instead of extreme adoption, we may see lows and highs which will keep the price fluctuation within a certain range.
So even though it can be a good thing to save money in Bitcoin, one should be moderate when they are doing this and should only save what they think is what they can afford to see losing value in case that happens because you can't expect only upside movement when an asset has a volatile value.
There is nothing wrong with having expectations, but the expectations should be backed with practical thoughts and no imaginations.
So even though it can be a good thing to save money in Bitcoin, one should be moderate when they are doing this and should only save what they think is what they can afford to see losing value in case that happens because you can't expect only upside movement when an asset has a volatile value.
There is nothing wrong with having expectations, but the expectations should be backed with practical thoughts and no imaginations.
Jump to: