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Topic: Bitcoin can save you against inflation if you invest in & hold it some years - page 3. (Read 485 times)

member
Activity: 252
Merit: 37
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.

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.
legendary
Activity: 1064
Merit: 1101
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.

You can hodled based on your financial level or strength. The advantage of Bitcoin is that you can buy with any amount you have over a long period. Many people who don't have bulk money to buy can use DCA to accumulate. Also OP just used the US as an example, houses are much cheaper in my country. With less than $15k one can own a good house in my location.

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.

You just spoke my mind @_act_. The worst victims of this inflation are people who keep their money in fixed deposits or savings accounts for many years. In a few years, inflation will make the money worthless. It will be even better to invest in a house than keeping money in banks. But I agree that Bitcoin is a better hedge against inflation but we should also take note that nothing is certain.
sr. member
Activity: 1708
Merit: 295
https://bitlist.co
And the truth is that bitcoin is also considered an investment choice, it does not always receive the trust and support of everyone.

Before inflation, we also know many options, but for those who do not have access to financial economic knowledge, they will not bother much.

But I agree that accumulating bitcoins (at least for now) is more profitable than any other asset, but they still have risks that we don't want to talk about. Anyway, in terms of life, we all want the best, whether we choose bitcoin or not, each person should be responsible for their own behavior in life. In the spirit of supporting bitcoin, I encourage everyone to learn about it and then be able to decide for themselves.
full member
Activity: 518
Merit: 227
Your analysis would have sent a better message if you had reduce the value you're using in making your comparison between investing in Bitcoin and going into real estate investment. On a more practical bases, most of us here might not even be able to accumulate up to 3BTC after we've invested for years and seeing analysis as this, it's going to be very deficult to relate with it to be honest.

But that being said, real estate isn't a bad investment choice just like the way Bitcoin isn't, each of the investment choice has her merit and demerits and the decision to invest into Bitcoin or real estate investment most cases is controlled by which of the option one is exposed to and can work well for you based on your level of knowledge and want you want to push your funds into. The main advantage I see that Bitcoin has over real estate is that with Bitcoin investments, you get to invest bit by but and overtime you get a groose investment that's good but when it comes to real estate, it's not possible to invest $30 at regular intervals and expect that it will work well for you. In most cases, the initial capital you need to get land and make payment for all the legal stuff is much more than what you will even need to do a six months DCA that will even pay you well in the long run. We can just say that Bitcoin allows but the rich, the poor and the average person to invest into it and still make good profit out of his investment while real estate on the other hand favours mostly the rich.
legendary
Activity: 1106
Merit: 1337
Lightning network is good with small amount of BTC
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.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021

Price of a house in the USA, I don't know how accurate this graphic is.
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.
sr. member
Activity: 1484
Merit: 324
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. I can see why it's a good scale too, it just shows what would happen when you invest in bitcoin and you accumulate and hodl for the long-term, it's just that profitable to have bitcoin in your possession that it would be stupid not to buy now even when you're at a loss temporarily which always happens when you're invested in bitcoin, it's a volatile market after all.
sr. member
Activity: 966
Merit: 306

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.
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