Bitcoin the inflation killer :-> - page 3.

ningrumxxi

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Quote from: damberg on September 20, 2018, 07:17:19 AM

We can beat inflation if bitcoin/altcoin prices rise. Otherwise, we only try to beat breakeven Grin

Generally speaking, unconventional assets tend to bring higher rates of return while facing higher risk.

inflation is indeed the most feared by every society they try various ways to save money into several forms to avoid inflation, but for developing countries gold may be the choice of favorite to save their money, but for developed countries can allocate funds in the form of bitcoin more profitable because of a decentralized system and the possibility that in the future it has the potential to become a global currency so that many entrepreneurs allocate money funds in bitcoin.

cryptjh

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The inflations here where I lives are also around or less than 1% acceding to the government. I’m not sure how they get those numbers. But prices of everyday things are going up with 3-5% a year, gas prices are up 10% or more this year and so are meat and a lot of others everyday necessaries.
But as long as the price of a new car, TV and all those nice gadgets you can buy keeps falling or not rising in price, the official inflations isn’t going up.
I think in the years to come, that Bitcoin prices will keep going up; also in the countries where people now think the inflations are under control.

lsafronova095

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Quote from: Tory-Tory on September 22, 2018, 05:57:28 AM

Quote from: Kakmakr on September 20, 2018, 01:58:27 AM

In my country the inflation rate averaged between 1% to 3% per year over the last 5 years. So whatever investments I had to make, I had to beat inflation for me to say that I am moving forward.

I am one of the fortunate people who invested in Bitcoin, when the price was around $400 per coin. Since then I have been smashing inflation on my investments made into Bitcoin.

In 2017 I obliterated inflation and I sold some coins, which was re-invested into other investments that also beat inflation. I can with all honesty say, that I am not bothered with inflation, even if it goes up to 100% for the next few years.

Let's celebrate the fact that Bitcoin enabled us to beat inflation for the last couple of years. Grin

You know, inflation is not terrible. Even putting money in the bank, buying bonds and other, in most countries will allow to exceed inflation. Bitcoin will help to resolve the issue of devaluation of the local currency. I think that the situation in Venezuela, Turkey, Argentina, Russia, Ukraine will be a good example.

Why are you talking about Ukraine? This is a country in General in a very difficult situation.Their national currency, against the dollar fell 3 times in 2015-2016. The standard of living has deteriorated. I don't think you set a good example. It's not inflation that kills and the government is driving its country into debt.

engrawaz

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There are a lot of people who bought Bitcoin at ATH. Bitcoin ideally is not an inflation killer but the idea of immutable un-confiscatable trustless and borderless etc... is much more prominent than the idea of beating the inflation. That could also work if it is timed correctly.

BitHodler

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Quote from: crzy on September 22, 2018, 07:04:33 PM

Yes, we must beat inflation always but we should not focus on that, its better to have your target profit in this market, and win more later on. Inflation will continue to rise every year, so make your investments worth it.

How can you not focus on something that's so important? It's impossible for me to put aside as if it's not of any importance. I'm constantly battling against inflation, even when I'm not actively battling against it directly.

It's impossible to have any profit targets in this or basically any market. If it was that easy people wouldn't be losing continuously. The only worthwhile way to counter inflation is to hodl something that has the potential to increase.

In my case that's Bitcoin, but if we look at stocks overall, and especially the tech industry, it would have been a fantastic long term bet years ago. Right now I'm not sure how interesting stocks are with a looming correction.

Nothing goes up in value endlessly. The correction will happen.

coinplus

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Honestly this happened to me just recently. Dollar gained value and my country got a bit more expensive but thanks to bitcoin price being higher according to dollar price than all of a sudden even though life got more expensive here, I got more money to cover that as well.

Overall due to my country's economic state, now I am spending more but making more as well. There will be no point of debating good or bad but bitcoin proved its worth of holding it.

Inflation did happened for other people but for me it was just numbers going up from the both sides. If you keep bitcoin at bay all the time than you will not have any problem covering the inflation problems all by the increase of the price when it happens. Bitcoin goes up when dollar devalues.

cahbagus555

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Bitcoin is new monetary model and it can not controlled by any authorities. Its like a store of value with limited supply. I am believe if we keep our money in bitcoin, our purchasing power not decreasing in asset value because bitcoin growth more than inflation rate

crzy

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We cannot stop inflation frim rising, in my place 6% is the inflation rate and its hard now to spend your money. Yes, we must beat inflation always but we should not focus on that, its better to have your target profit in this market, and win more later on. Inflation will continue to rise every year, so make your investments worth it.

farosa

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Quote from: Kakmakr on September 20, 2018, 01:58:27 AM

In my country the inflation rate averaged between 1% to 3% per year over the last 5 years. So whatever investments I had to make, I had to beat inflation for me to say that I am moving forward.

I am one of the fortunate people who invested in Bitcoin, when the price was around $400 per coin. Since then I have been smashing inflation on my investments made into Bitcoin.

In 2017 I obliterated inflation and I sold some coins, which was re-invested into other investments that also beat inflation. I can with all honesty say, that I am not bothered with inflation, even if it goes up to 100% for the next few years.

Let's celebrate the fact that Bitcoin enabled us to beat inflation for the last couple of years. Grin

If this economic inflation belongs to you, yes it will help you. There are billions of people in the world who are like you, but haven't Bitcoin. If we consider economic inflation for the world, I don't see it as a solution because of Bitcoin has a limit. No doubt Bitcoin is superior to paper money, but I don't see it as a solution.

1Referee

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Quote from: Tory-Tory on September 22, 2018, 05:57:28 AM

You know, inflation is not terrible. Even putting money in the bank, buying bonds and other, in most countries will allow to exceed inflation.

It's not really worth it like that. At best you'll outperform inflation marginally, which is just an utter waste of time in my opinion. Bitcoin in just a matter of years has wiped out hundreds years worth of inflation, and that was just a glimpse of what power hides inside its massive long term potential.

I'm obviously heavily biased towards Bitcoin, but that's not without a reason. I strongly believe that people will be able to obtain more financial freedom than ever before even if they allocate just 10% of their net worth to Bitcoin. As extra people can always have fiat saved up in their bank account and some of it invested in bonds or index funds. You don't have to choose when you can have multiple allocations at the same time.

KGBx

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I would not call it so because in my opinion it is not about racing with inflation but about building your own wealth by wise investments. But actually it does kill inflation if we speak about last 2-3 years of its development.

omfg.xekcep

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Quote from: Kakmakr on September 20, 2018, 01:58:27 AM

In my country the inflation rate averaged between 1% to 3% per year over the last 5 years. So whatever investments I had to make, I had to beat inflation for me to say that I am moving forward.

I am one of the fortunate people who invested in Bitcoin, when the price was around $400 per coin. Since then I have been smashing inflation on my investments made into Bitcoin.

In 2017 I obliterated inflation and I sold some coins, which was re-invested into other investments that also beat inflation. I can with all honesty say, that I am not bothered with inflation, even if it goes up to 100% for the next few years.

Let's celebrate the fact that Bitcoin enabled us to beat inflation for the last couple of years. Grin

Well your decision about buying Bitcoin at 400$ was really profound but it was the speculative investment with high risk because you could lose some part or all your money. As far as I know there are conservative instruments almost without any risk which can help to fight the inflation (for instance, government bonds). I think it need to take into account that your investment was purely speculative because you could gain a profit only in case of the growth of Bitcoin. Also you could buy some equities and you would gain dividends and a margin if shares grown. Buying equities on a bullish market is also excellent decision which can fight the inflation and let you gain a nice income.

rickadone

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Quote from: willramis on September 20, 2018, 05:01:59 AM

I think what you are saying is very controversial. Yes, Bitcoin by nature is a deflater, but still it is not widespread as the usual fiat money. Plus its legal status is still under question in many countries and jurisdictions. I am optimistic about future of cryptocurrency, not sure about Bitcoin though.

It may not be widespread yet, but still as a store of value against the inflationary system, I would say the OP has some point. Judging from the likes of those who have really seen the fiat space not to help anyone right from the onset and then you see prices being inflated for a lot of reasons that balls down to economic policies and decisions by the central banks and governments, I would say putting a good number of my savings few year back into bitcoin has really been helpful when it comes to beating the inflation in my country as well.

Tory-Tory

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Quote from: Kakmakr on September 20, 2018, 01:58:27 AM

In my country the inflation rate averaged between 1% to 3% per year over the last 5 years. So whatever investments I had to make, I had to beat inflation for me to say that I am moving forward.

I am one of the fortunate people who invested in Bitcoin, when the price was around $400 per coin. Since then I have been smashing inflation on my investments made into Bitcoin.

In 2017 I obliterated inflation and I sold some coins, which was re-invested into other investments that also beat inflation. I can with all honesty say, that I am not bothered with inflation, even if it goes up to 100% for the next few years.

Let's celebrate the fact that Bitcoin enabled us to beat inflation for the last couple of years. Grin

You know, inflation is not terrible. Even putting money in the bank, buying bonds and other, in most countries will allow to exceed inflation. Bitcoin will help to resolve the issue of devaluation of the local currency. I think that the situation in Venezuela, Turkey, Argentina, Russia, Ukraine will be a good example.

MMS2017

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Bitcoin is the one which kill the inflation like inflation starts when the people spend money on extra imported things then it's increase the inflation rate and the crypto is not participating n inflation but on the other side it is beneficial for the people as their source of income.

wahyu wida

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Quote from: KocaEfe on September 21, 2018, 05:54:06 PM

Quote from: Gozie51 on September 20, 2018, 05:58:56 PM

Yes naturally bitcoin has no business with inflation or deflation. It stands on its own and economic indicators don't affect it just like fiat which the government can decide to do anything with.

Anyway, the angle I think you are also talking about is , you have made much money with bitcoin that you can get just anything you want despite inflation.

мEverything you say is correct. Now bitcoin and other altcoins are in an excellent position. I'm not saying that bears go and bulls come. I'm just trying to write that you have great taste.

with significant increases in bitcoin prices, i think we can break inflation in social life, so that it has no effect on our lives. because we know percentage of inflation is smaller if btc price increases significantly

KocaEfe

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Quote from: Gozie51 on September 20, 2018, 05:58:56 PM

Yes naturally bitcoin has no business with inflation or deflation. It stands on its own and economic indicators don't affect it just like fiat which the government can decide to do anything with.

Anyway, the angle I think you are also talking about is , you have made much money with bitcoin that you can get just anything you want despite inflation.

мEverything you say is correct. Now bitcoin and other altcoins are in an excellent position. I'm not saying that bears go and bulls come. I'm just trying to write that you have great taste.

BigDig

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Counting inflation is a very tricky technology. The result is a calculation of the average temperature in the hospital. For example, gadgets are becoming cheaper each year, and products are becoming more expensive. On average, inflation is not high, but these figures do not reflect real numbers

davis196

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Real estate investments can also beat inflation.Bitcoin isn't unique as the one and only "inflation killer". Grin

By the way,after several years,bitcoin will become so popular that the bitcoin price movement itslef will be considered "inflation/deflation".How can you handle inflation,when the bitcoin price does down (this would be the new "cryptoinflation")? Grin

Kakmakr

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Quote from: snipie on September 21, 2018, 02:31:56 AM

The main problem for many countries is the devaluation of their local currencies comparing to USD essentially which worsen the economy especially if most of goods are imported. Bitcoin is a good and relatively stable investment if the price keeps at this level.

Yes, and the funny thing is, people are simply ignoring that for some reason. If you looked at Bitcoin as a long-term investment and you invested a few years ago, then inflation or the devaluation of your local currency would be a non-issue for you. You would have used Bitcoin as a safe haven against that and the value of your bitcoins would have increased in value.

Fortunately a lot of people realized it and they invested their local currency in Bitcoin and they are not feeling the pressure of inflation or hyper inflation. The devaluation of their local currency is actually a bonus for them, because they get more of their local currency for the bitcoins that they sell now. Grin

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