Topic: Bitcoin Investment against inflation - page 2. (Read 1007 times)

I think the restaurant owner is a very unlucky person, but I think behind his luck there is a proper analysis before deciding to invest in bitcoin, and can save the restaurant. The risk is worth what you get now, the benefits are great.

In developed countries like London Information about Bitcoin is very easy, almost everyone knows it, especially young people. But in developing countries information about Bitcoin is still difficult to find.

at least having prior knowledge about bitcoin would be better before we transfer our fiat currency to bitcoin. with the increase in price from the beginning of bitcoin standing until now, its growth is more profitable than fiat where inflation always increases every year. but we must not forget that not every year bitcoin will continue to grow, so we must learn to take advantage of the moment

its very clear and quit understandable that Bitcoin on it's own is a pure investment and it brings upliftment if you set it well and adventure into it with sanctity, validity and trust.

The owner of the investment have a stractegic of business, i believe that the essence of not accepting payment with bitcoin is because of security aspect of cryptocurrency via government, while are the generated income is been allocated or channels to purchase more cryptocurrency in other to increase his financial strength, i think that's wise ideas.

Of course, this is a great story and indeed, those who were previously able to transfer their funds to BTC were able not only to save their funds, but even increase them. However, it is good when BTC grows and its holders have the strength to keep it without selling it, especially when the price falls. As we understand it, it is very difficult to do this, and many people very often panic and sell BTC. In principle, for many, this is also not a novelty, which means that not everyone will be able to repeat the success of those who have already been able to earn or buy BTC, for example, for $12,000. However, if we assume that BTC will continue to grow in the future, then it is probably worth thinking about how to start transferring your fiat funds to BTC in order to eventually avoid inflation and also earn more money.

This is a nice motivation but for the restaurant to have survived on Bitcoin it meant the was patience in holding even when Bitcoin fell massively during the outbreak of the pandemic the patience to hold was there and since  the don't transact with crypto yet the found a way to invest their fiat into Bitcoin saving up for the inflation day which finally came and Bitcoin did the salvage. If I was to title this i will simply call it Bitcoin also saves

Whether it is bitcoin or some other investments, there is always risk associated with it. The responsibility is with the respective person to learn and invest. Here it is not about luck, not about faith, but the mind to take risk. It has proven record, yet we don't know about tomorrow's market situation. So, this is all about risk. The restaurant owner have taken the risk. Further comes the luck that gave him the return. More people have done it and I personally see Michael Saylor as a key person who started converting cash to bitcoin fight against inflation.

It's not just luck, but it's more on the faith of the owner to take the risk from investing his fiat into bitcoin. He must be exceptional. This serves as a living proof that bitcoin can be a great alternative this time as we can't control anymore the continuous rising of inflation. But, for beginners, and even to those who are still in doubt, study first about bitcoin before you invest as there's always set of risks associated in it.

They were so lucky, you know that wouldn’t have worked for everyone. They invested at the right time, because during the pandemic was when we were getting close to the next halving, although some people found it difficult to believe that Bitcoin would be bullish after the next halving because of how far it has plummeted during the covid-19 pandemic.

So, they invested at the right time, because if it was some years before that halving, we all already knew that it would take long for the bulls and they’d run out of patience. The good thing is always how Bitcoin has been saving a lot of businesses and people.

well he's a smart owner wherein that really wants to save his business. just imagine despite that they don't accept bitcoin or any cryptocurrency when it comes bills but they jumped in to bitcoin when it was at dip.. How is that possible? Probably bitcoin is so popular in their country reason it is their first choice to at least they can make profits despite of the pandemic. That's a smart move to be honest.

Again, I'm not sure the purpose should ever be to profit from Bitcoin, but simply to protect against inflation in the long term. Of course, it's nice to put a balance sheet in Bitcoin and then get double, triple, or more the value in a few years' time but the purpose really is to ensure you still have the same spending power -- be it as business capital, or simply to pay wages. You're almost guaranteed to be in a weaker position year on year if you keep in fiat. Bitcoin, up and down, but certainly over the long term, enough to overcome inflation.

So it's less about holding I feel, and less about profits (although with the likes of Saylor it's hard to tell what he wants or is attempting unless you're happy to take his word if not his actions).

I think this could be said if it were not for the volatility in the markets. In the long run, this is an excellent hedge against inflation, just because after each correction, we see bitcoin all at new heights. I am sure that by owning bitcoin we will not only save ourselves from inflation, but we will definitely get an excellent income. I look at bitcoin and blockchain in general with great optimism and nothing can change my mind.

Any company that has plans of profiting from Bitcoin, now would be the perfect time for them to start buying. If they really have plans to hold it for long term, they can go ahead and start investing now and hold in a secure wallet for them to be able to sell in the future when the market goes up again. We know for sure that Bitcoin will be going up again, so now is that perfect time.

And businesses that would invest in Bitcoin right now are really going to make huge profits out of it, because in the future that is coming, the increase in Bitcoin is going to be really huge compared to now, and we would for sure be crossing $100,000 price.

Then maybe you can go and visit El Salvador because for sure, you will not be affected by inflation as you will be using bitcoin as a mode of payment. In most countries, of course inflation is there, that is why we have to invest in bitcoin with a higher allocation compared to fiat and maybe hold it until another developing countries will start adopting bitcoin as a legal tender. Arizona state senator propose a bill about bitcoin to be a legal tender, once it will be successful, then we can go there also to avoid inflation.

Most likely, poor people are definitely most affected by this high inflation knowing the prices are rising so they can only buy those who can fit to their budget, thus lessening their purchasing power. But if we can take the side of bitcoin, that is the only investment that will beat inflation so definitely it will increase our savings because it will discourage us from spending, and it increases our purchasing power because of low prices.

That's an interesting experience story. Bitcoin makes transactions feel easy and fast, even though its value fluctuates, Bitcoin can still be used in several aspects that we ourselves don't really understand. However, this is a sign that Indonesia is starting to be noticed by other countries after a long period of not being exposed.Many of those who are in a condition like this have to take care of their children, this is an obligation, but if you can't afford it, you don't have to do it.

Nice story indeed, missed it when it was posted. Personally knwow of two businesses also doing the same, just a year or two before the 2017 rally. Paid of handsomely for both, saved one during the following winter bear... For the other, allowed a huge expansion with al kinds of diversification.

Even  doing so in 2017 would have provided a windfall today. And anyone going in now would be very pleased with where they would be post next halving. Roll on, Bitcoin balance sheet!

Many people who already know that Bitcoin is an anti-inflation but only a few of them can indeed run and know Bitcoin well.
It proved now. We can see a lot of people who panic and sell their assets when facing a decline like this.
Because now there are so many beginners and the FOMO who only participate here without studying first.

Indeed, there are some of those people like that and the fact that they're not that worried about the increasing inflation but worried when the crypto market fluctuates and suddenly they will go panic mode but for those who truly had wide understanding on how this market works are quite fortunate because they're the ones who will be successful for taking the risks. Ofcourse, every investment we make do have some risks, it's only up to us on how we handle it to minimize the risks to make it profits.

alot of people think that bitcoin is a bad investment because of the dips.

however if you buy a brand new car. and want to sell it the next week. you are not going to get the new car price. you are going to have to sell it for less.
if you buy a house at market rate, but want to sell it within a month. where you cant wait around for market rate to give you profit, nor wait for a fair offer, again you end up selling for less.

heck even the 'cash for gold' businesses rip people off by under valuing gold when people need money same day.
but you can limit your short term loss/break-even buy first not buying bitcoin at a premium.

what people need to do is stop looking at just the market rate.

instead look at the value window of bitcoin
(call it $30k-$70k the last couple months)
(call it $34k-$83k at this point of writing)
 and THEN look at the price within this window. if the price is near the cheap value. then you know its good time to buy. if its near the top premium then its bad time to buy

many people know this by avoiding buying christmas gifts mid december where everything is a premium. and instead buy early on black friday or buy late in the january sales.

some peoples issue with bitcoin is more about the rush to get in and rush to get out. they dont plan their trades. they just react to emotion.
retailers love customers that react to emotion. like seeing a christmas advert. people instantly buy without thinking what time of the year is best to buy. retailers hate customers that wait for the discount sales
..
you cant escape inflation. but you can hedge against it.
imagine bread was $1.50 in 2012. you have $6 on you and btc is $6. but you want to make sure in 10 years you have 4 loaves of bread.

meaning you could choose to:
A) buy 4 loaves of bread in 2012. and freeze them and hope they still taste nice in 10 years..
B) keep $6 and spend it in 10 years
C) buy 1btc for $6 in 2012

then 10 years later
A) the bread has crystallised and gone bad
B) bread is now $2 so you can only buy 3 loaves
C) btc is now $36k meaning you can buy 18,000 loaves of bread, by selling coin for $ then buying bread

C seems better option. even if you cant buy bread direct with btc you are still better off with C compared to A or B

Do you buy when the sale starts or when the prices are high?

When the market price rises you are going to spend more to get less BTC.
When the market price drops you spend less to get more BTC.

If your objective is to get more BTC per USD/fiat, ask yourself when you should buy. Unless you can answer this question, do not trade at all.

Bitcoin's system of minting is deflationary and that is an advantage over an inflationary currency. But one cannot exist without the other, you can spend your bitcoins in any country you wish to due to lack of the machinery needed to accept it as payment. When you are selling BTC for fiat so you can spend it, inflation will hit you. In other words, you cannot escape inflation by investing in bitcoin, just like taxation.