Agree with OP. Fiat losing value day by day, its not all about US currency, all fiat value goes down. Once we notice increasing price of our daily needs, means fiat value decreasing. And in the current world's economy we can see reflection of daily needs prices. However, investing crypto is the best choose to increase your portfolio if you have patience. You need hold for longer, because always can't make profit from cryptocurrency instantly.
Holding fiat in Bank wouldn't help us to increase our wealth. But if we could take risks then crypto would change our life once a time. But keep in mind, everyone can't be a gainer from crypto. It's because once you are gaining someone loses on the other hand.
Topic: Buy Crypto Or Have Fun Staying Poor! - page 10. (Read 1251 times)
Fiat currency will always lose value over time, but cryptocurrency will always gain value over time; the two are moving in different directions.
Generally speaking, you are very far from the truth when it comes to cryptocurrencies, because a very small percentage even manage to survive the first year, not to mention that after 2+ years they disappear as if they never existed. Bitcoin is an exception (for now), as are some altcoins that have a significant user base, but here we are talking about maybe 1% of all cryptocurrencies that have ever existed, and hundreds of new ones appear every month.
Investing in cryptocurrencies is no guarantee that someone will not remain poor, many have lost everything they had believing the false promises of various crypto projects that were nothing more than a weak mirage. I advise caution with any risky investment, because as much as fiat may seem worthless at some point, it is much easier to figure out $1000 in your wallet than 0.02 BTC in crypto wallet.
If you're still primarily holding fiat, you're not paying attention to what we do here on a daily basis. Inflation, according to Elon Musk, is the most regressive of all the tasks. The US dollar has been the strongest currency for the past 100 years, yet it has lost 95% of its purchasing value since 1913. Fiat currency will always lose value over time, but cryptocurrency will always gain value over time; the two are moving in different directions. According to recent studies, 40% of all US dollars in circulation were printed in the last twelve months. Every day, they are printing away our wealth. Opt out and invest in cryptocurrency instead.
https://i.imgur.com/tu8FDsQ.jpeg
It actually depends.https://i.imgur.com/tu8FDsQ.jpeg
Yes, Fiat is inflationary as f. but some crypto currencies has bigger inflation rate than that.
We can normally see that crypto has 15-30% inflation rate per year and currently fiat is around 4-10%.
So with regards to inflation, crypto has bigger inflation rate. But crypto and fiat are different, Crypto is like an asset that where the
price increase, just like stocks or share. but in fiat you can't do that.
Anyway, I also don't like fiat and mostly all of my money are in crypto now aside from the ones I need to use for survival and normal living.
If you're still primarily holding fiat, you're not paying attention to what we do here on a daily basis. Inflation, according to Elon Musk, is the most regressive of all the tasks. The US dollar has been the strongest currency for the past 100 years, yet it has lost 95% of its purchasing value since 1913. Fiat currency will always lose value over time, but cryptocurrency will always gain value over time; the two are moving in different directions. According to recent studies, 40% of all US dollars in circulation were printed in the last twelve months. Every day, they are printing away our wealth. Opt out and invest in cryptocurrency instead.
https://i.imgur.com/tu8FDsQ.jpeg
It isn't the truth with every cryptocurrency. Till date we've got 16847 cryptocurrencies based on the coinmarketcap data. Among this how many were known to the people. Over time the purchasing power of dollar have decreased, but here so many cryptocurrencies have got out of usage. Another thing in 100+ years dollar have experienced such an inflation. Compared to the history of dollar, cryptocurrencies are very young. We don't know what will be the scenario of cryptocurrencies after so many years. https://i.imgur.com/tu8FDsQ.jpeg
Fiat currency will always lose value over time, but cryptocurrency will always gain value over time; the two are moving in different directions.
Generally speaking, you are very far from the truth when it comes to cryptocurrencies, because a very small percentage even manage to survive the first year, not to mention that after 2+ years they disappear as if they never existed. Bitcoin is an exception (for now), as are some altcoins that have a significant user base, but here we are talking about maybe 1% of all cryptocurrencies that have ever existed, and hundreds of new ones appear every month.
Investing in cryptocurrencies is no guarantee that someone will not remain poor, many have lost everything they had believing the false promises of various crypto projects that were nothing more than a weak mirage. I advise caution with any risky investment, because as much as fiat may seem worthless at some point, it is much easier to figure out $1000 in your wallet than 0.02 BTC in crypto wallet.
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If you're still primarily holding fiat, you're not paying attention to what we do here on a daily basis. Inflation, according to Elon Musk, is the most regressive of all the tasks. The US dollar has been the strongest currency for the past 100 years, yet it has lost 95% of its purchasing value since 1913. Fiat currency will always lose value over time, but cryptocurrency will always gain value over time; the two are moving in different directions. According to recent studies, 40% of all US dollars in circulation were printed in the last twelve months. Every day, they are printing away our wealth. Opt out and invest in cryptocurrency instead.
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