Bitcoin appeared after the last global economic crisis in 2008, so many rightly believe that its appearance was the answer to this crisis so that people can protect their savings from inflation of conventional currencies.
If measures to combat the spread of coronavirus trigger a new economic crisis, then this will be a good opportunity to test the cryptocurrency as a financial instrument that will not be subject to inflation of the common national currencies of states.
We also hope at the same time that with a real threat of the onset of a global economic crisis, people will invest in cryptocurrency and this will significantly increase the demand for it and, as a result, the price of cryptocurrency will rise significantly.
Topic: How to save money and beat up inflation rate? Options please! - page 2. (Read 652 times)
Investments can beat inflation rate if you’re living on a place with a lower rate of inflation, but if there’s a hyperinflation then only the government can solve that problem. The government is working hard to keep the inflation rate lower, and make the rise slower. Saving is not enough especially on a banks, look for alternatives and learn how to invest money.
But we should not be dependent to our government when inflation occurs. So as much as possible, we need to invest in some businesses and cryptocurrency, although it is very risky, we need to accept our fate and and the reality towards the result of our investments. Proper manipulation requires patience and control so the the direction of your investment is towards success.
they know that the products will become expensive during the day of that occasion so what they do is they buy early to save up as much as they can . there are indications on when to tell inflations will occur. all we need is to watch the news closely .
Sometimes, news is not enough to know when inflation will occur. We should know how to observe and deal with the market so that we have an idea when to buy our necessities as soon as we possible.
We should not wait for the news because once people watched those reports, demand will suddenly increase and you will be left behind.
Good move! Buying goods off their season is cheaper due to the low demand. You can actually get big savings with the same quality of product. However, this is not always applicable for perishable goods tho.
Some goods are not in demand when inflation occurs, some will stay in its price and some will have changes in price.
Investments can beat inflation rate if you’re living on a place with a lower rate of inflation, but if there’s a hyperinflation then only the government can solve that problem. The government is working hard to keep the inflation rate lower, and make the rise slower. Saving is not enough especially on a banks, look for alternatives and learn how to invest money.
That is correct because either the inflation rate is low or your interest over your investment is higher than the inflation rate.Inflation for someone new can be understood as the change of price for your daily needs increase with time but the value of your money remains same or increases comparatively slower.
It's a good question asked and actually the only way is you earn interest that compounds itself and becomes higher than the inflation rate or you just investment in a particular business or asset that you believe has the potential to overcome the inflation.
There are several ways to save money and beat up inflation, including investments in cryptocurrency, stocks, gold and real estate.
But I agree with you that investing in Bitcoin is the best way to save money and beat up inflation. Even if we are lucky with the
price of volatile Bitcoin, then the price of Bitcoin pump as it is today. Then the amount of money we have can increase.
But I agree with you that investing in Bitcoin is the best way to save money and beat up inflation. Even if we are lucky with the
price of volatile Bitcoin, then the price of Bitcoin pump as it is today. Then the amount of money we have can increase.
Since I have the idea in saving money through bitcoin, so probably this could be a better chance in getting away from this inflation rate as another option in saving money other than the insurance company or even banks (the traditional way of saving money). Banks and insurance company does only offer low interest of increase of the savings so I am not favorable to it.
I don't fully understand the insurance thing you described, probably because those things either don't exist or aren't popular in my country, but depositing money in a bank likely won't help you beat the effects of inflation--not when interest rates are near 0%.And bitcoin? If all you're trying to do is protect your purchasing power from inflation, the last thing you want to do is invest money in an asset that's extremely speculative and breathtakingly volatile. So no, I don't think bitcoin should be employed for that purpose. However, if you're looking to make a profit and can tolerate a high level of risk, buy all the bitcoin you can. Just look at how well you would have made out had you bought it just two days ago--but bitcoin can drop just as fast and hard as it can go up, and nobody can predict when it's going to do either.
A lot of folks think keeping their wealth in the form of gold or silver helps protect it from inflation. I don't know if that's really true or not, but metals are a lot less volatile than bitcoin and IMO are much less risky. Good luck whatever you decide to do, and let's hope the inflation rate doesn't skyrocket.
You can keep make value your money without inflation by saving in bitcoin or digital currency like USDT and gold, if you keep holding your money with cash or your local money will give bad impact for several years later with lower value after getting inflation cases, check by your self how much you can buy some thing if you have $100 in your wallet and let do it right now, is the same or not.
For me, we can start saving money through investing in bitcoin or even in gold too. Bitcoin may be quite risky as its price tends to change anytime but if we will just invest what we can afford to lose, then we can limit the risks. Investing in gold can give us more profits to save money too because as years goes by, it's value will definitely increase too. You can keep make value your money without inflation by saving in bitcoin or digital currency like USDT and gold, if you keep holding your money with cash or your local money will give bad impact for several years later with lower value after getting inflation cases, check by your self how much you can buy some thing if you have $100 in your wallet and let do it right now, is the same or not.
But even USD faces inflation because what you would buy with 5 USD 10 years ago you cannot buy the same item with 5 USD today right? So you keep your money in USDT for years and you are being killed by inflation slowly.I do agree that in particular countries the fiat might loose it's value quicker than the USD but there is no currency that won't face the problem of inflation and there is only one way to fight the monster of inflation and that is to trade and if invest, then invest into long term vision rather than quick profits or faster profits because if you are able to identify the right choice for investment you can easily beat inflation for example someone who invested money into bitcoins 2 years ago would easily beat inflation, why? because his investment was worth it and paid way higher than inflation rate.
You can keep make value your money without inflation by saving in bitcoin or digital currency like USDT and gold, if you keep holding your money with cash or your local money will give bad impact for several years later with lower value after getting inflation cases, check by your self how much you can buy some thing if you have $100 in your wallet and let do it right now, is the same or not.
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salary - ( minus ) savings = expenses . is that is ? i still find this confusing
. they know that the products will become expensive during the day of that occasion so what they do is they buy early to save up as much as they can . there are indications on when to tell inflations will occur. all we need is to watch the news closely .
Good move! Buying goods off their season is cheaper due to the low demand. You can actually get big savings with the same quality of product. However, this is not always applicable for perishable goods tho. In order to save money I am using the economics formula that I learned from my highschool teacher and the formula is " salary - savings = expenses ". I actually find it effective in saving money for years. But this saving has nothing to do to beat the inflation I think. We cannot control the inflation. Maybe we can beat inflation in a little way if we buy more goods before its price increases.
salary - ( minus ) savings = expenses . is that is ? i still find this confusing but i like what you said on your last sentence . my family has been doing it but only if there are special occasions or holiday ahead .
they know that the products will become expensive during the day of that occasion so what they do is they buy early to save up as much as they can . there are indications on when to tell inflations will occur. all we need is to watch the news closely .
In order to save money I am using the economics formula that I learned from my highschool teacher and the formula is " salary - savings = expenses ". I actually find it effective in saving money for years. But this saving has nothing to do to beat the inflation I think. We cannot control the inflation. Maybe we can beat inflation in a little way if we buy more goods before its price increases.
For a minute I was thinking and trying to understand what Op meant by saving money to beat inflation rate and your post seem to be the one pointing to that as some thing not realizable. Inflation rate won't be beaten by saving up money by just an individual. Government is the one that can beat or control inflation rate by policies of trying to reduce money in circulation by at least introducing higher interest rate to discourage borrowing in the system which means inflow of cash will reduce.
. A sort of ways on how to become rich (by means of saving of course) until the price hike of goods/services will nof bothered you anymore. Hmm, if I'm right on that one then I think saving alone won't work. Having a stable job alone won't work either. I realized that we should not save money just for the sake of saving, save money so that we can invest on the future. For me Work > Save > Business is the key to not feel the inflation rate.
In order to save money I am using the economics formula that I learned from my highschool teacher and the formula is " salary - savings = expenses ". I actually find it effective in saving money for years. But this saving has nothing to do to beat the inflation I think. We cannot control the inflation. Maybe we can beat inflation in a little way if we buy more goods before its price increases.
For a minute I was thinking and trying to understand what Op meant by saving money to beat inflation rate and your post seem to be the one pointing to that as some thing not realizable. Inflation rate won't be beaten by saving up money by just an individual. Government is the one that can beat or control inflation rate by policies of trying to reduce money in circulation by at least introducing higher interest rate to discourage borrowing in the system which means inflow of cash will reduce.
I would like to know from your brilliant ideas to come up in a decision on how to save money and beat the inflation rate. Inflation rate is very common to all or most of the economy every country faces. The capacity of money to buy goes down as inflation rate increases consecutively over a period of time. The most affected in this problem were the poor like me.
I was geared to save as one insurance company came to our workplace and invited us to join with them. The agreement is we have to pay monthly which will then accumulate over a period of time and had a lot benefits for being a part of the insurance company. The monthly payments accumulated will be 10-15 years with more or less 10-20% returns from the accumulated savings being made. However I am still not satisfied because the inflation rate goes to 4-7% annually that might not compensate even 20% increase over optionally 10 or 15 years of returns from the insurance company.
Since I have the idea in saving money through bitcoin, so probably this could be a better chance in getting away from this inflation rate as another option in saving money other than the insurance company or even banks (the traditional way of saving money). Banks and insurance company does only offer low interest of increase of the savings so I am not favorable to it.
As I imagine, during the old days of bitcoin started @ 1 dollar then now doubles its market price everytime and up to present market price which is relatively high. It shows a higher increase rate of returns from the savings more than the the other ways of saving money as I have mentioned above. Basically if one saves money through bitcoin, then higher chances are that it could beat the inflation rate over a period of time. Besides whenever I will be needing the money with bitcoin I could easily withdraw it anytime as I am the one to manage the bought bitcoin being held. There is no third party and just purely system or platform of bitcoin that will help me to save money and beating up inflation rate at the same time.
However, I am little bit worried as what others had told that putting your money to bitcoin is risky. This is why I need to know your ideas on what could be the good thing to do to pursue in saving money. But, I am also open to other options from you guys if you have just do not attempt to scam.
Do you think that bitcoin will be better in saving money and beating up the inflation rate?
of course putting money into bitcoin is risky especially if you invest bitcoin in a higher price. What I can advice is wait for the price to dump and then buy and hold when the price goes up sell it and then buy again at low price, buy low and then sell high. Lastly just invest the amount what you can afford to lose in order to minimize stress when losing some money. I was geared to save as one insurance company came to our workplace and invited us to join with them. The agreement is we have to pay monthly which will then accumulate over a period of time and had a lot benefits for being a part of the insurance company. The monthly payments accumulated will be 10-15 years with more or less 10-20% returns from the accumulated savings being made. However I am still not satisfied because the inflation rate goes to 4-7% annually that might not compensate even 20% increase over optionally 10 or 15 years of returns from the insurance company.
Since I have the idea in saving money through bitcoin, so probably this could be a better chance in getting away from this inflation rate as another option in saving money other than the insurance company or even banks (the traditional way of saving money). Banks and insurance company does only offer low interest of increase of the savings so I am not favorable to it.
As I imagine, during the old days of bitcoin started @ 1 dollar then now doubles its market price everytime and up to present market price which is relatively high. It shows a higher increase rate of returns from the savings more than the the other ways of saving money as I have mentioned above. Basically if one saves money through bitcoin, then higher chances are that it could beat the inflation rate over a period of time. Besides whenever I will be needing the money with bitcoin I could easily withdraw it anytime as I am the one to manage the bought bitcoin being held. There is no third party and just purely system or platform of bitcoin that will help me to save money and beating up inflation rate at the same time.
However, I am little bit worried as what others had told that putting your money to bitcoin is risky. This is why I need to know your ideas on what could be the good thing to do to pursue in saving money. But, I am also open to other options from you guys if you have just do not attempt to scam.
Do you think that bitcoin will be better in saving money and beating up the inflation rate?
In order to save money I am using the economics formula that I learned from my highschool teacher and the formula is " salary - savings = expenses ". I actually find it effective in saving money for years. But this saving has nothing to do to beat the inflation I think. We cannot control the inflation. Maybe we can beat inflation in a little way if we buy more goods before its price increases.
For a minute I was thinking and trying to understand what Op meant by saving money to beat inflation rate and your post seem to be the one pointing to that as some thing not realizable. Inflation rate won't be beaten by saving up money by just an individual. Government is the one that can beat or control inflation rate by policies of trying to reduce money in circulation by at least introducing higher interest rate to discourage borrowing in the system which means inflow of cash will reduce.
Invest what you can without affecting your finance for everyday expenses. At the very least, for the next year, make sure that you won't have any kind of problems living your life when you invest.
That's the first thing to do, never let yourself suffer and lost everything that you have. I know that investments are risky but you should also consider yourself, if you have a budget for an investment and for you own needs. Investments are necessary for you to secure your future and to earn and save your money for you to cope up with the inflation.
Bitcoin is a fine investment, that is if your holding in the long term, but this doesn't guarantee that your money would remain the same as it is when you invested it. Bitcoin is a speculative asset and you can see just from how much the price moves in the long term that your money may or may not be the same, whether it be a positive or negative result.
That's why bitcoin is never a secured investment but it is a good source of profit once its price increase and you have the opportunity to make transactions.
You just need to learn how to accept results.
If you want a 100% assurance, Bitcoin may not be an option.
Bitcoin is only for a short-term manipulation and you just need to make transactions depending on the market, that's why you should know how to deal with those price changes and bitcoin's volatility. Invest on a businesses rather than investing in bitcoin if you want to have a slow but surely growth.
Let's say your money is a snowball you hold in your warm hands in a sunny day, and you going to climb a mountain using a escalator. But, the escalator is moves you down. Now if you stand still with your funds and thinking you are losing nothing, you are totally wrong because the The heat of your hand plus heat of sun will make you lost your funds. Here if you want to save all your money from inflation you will have to invest on something to get profit more than the inflation rate. Real estate, metals like gold and crypto are the options and all depended on your personality and how much you want to risk.
By having multi streaming income and little savings, I think we can save the value of our money from inflation. In the minds of many people, inflation is a certainty and something that is scary. So according to the thinking of many people inflation is something that must be accepted but we don't like it. The only way so that the effect of inflation is not felt is to have multi streaming income that is varied and productive so that we continue and automatically get regular income.
Multi streaming income is obtained if we invest our money not just save it. Bank interest will not be able to beat inflation but an investment, especially in the real sector can make the effect of inflation less painful.
That I cannot guarantee. People often spread rumors that bitcoin will be a kind of king when it can reduce inflation and even increase each year. And as you can see, the price of Bitcoin from 2017 to now is still creating much lower peaks than before. then all is just a word and a fomo trick of financial experts, don't believe their words. My opinion about bitcoin is the same, it's just a coin for whales to manipulate and it will certainly be a big influence when the economic crisis takes place. To ensure the safety of your cash, I recommend buying gold. It rarely loses its value in a short time.
AFAIK, it's quite difficult to find an asset with a static value, which neither falls nor rises overtime. It's either a tangible assets which loses value or a financial asset which has a speculative value, there are also assets with intrinsic value such as landed properties.
I think that is the best idea for who wants a safe investment: landed properties. Of course nothing is totally guaranteed, but this one can be a very versatile investment as there are a lot of things you can do with a piece of land and its price usually doesn't follow your national currency depreciation (inflation).
Just don't use your fiat money to invest in more fiat money, as you already know, it's not profitable on long run, although crypto currencies can be an exception and I think a very smart idea to split part of you total sum to crypto coins, so you won't regret later if crypto currency skyrockets.
In one thread, I have already written a similar thought - I will write it here especially for you.
The state will not print more money than it can control this fact. If we only have BTC (conditionally), then we will have to add another decimal point very often, because the number of BTC is fixed. And what then is the difference - will the item cost 10,000 pieces of paper or 0.000001 btc if there is no difference? Zero more, zero less
The state will not print more money than it can control this fact. If we only have BTC (conditionally), then we will have to add another decimal point very often, because the number of BTC is fixed. And what then is the difference - will the item cost 10,000 pieces of paper or 0.000001 btc if there is no difference? Zero more, zero less
Let's say your money is a snowball you hold in your warm hands in a sunny day, and you going to climb a mountain using a escalator. But, the escalator is moves you down. Now if you stand still with your funds and thinking you are losing nothing, you are totally wrong because the The heat of your hand plus heat of sun will make you lost your funds. Here if you want to save all your money from inflation you will have to invest on something to get profit more than the inflation rate. Real estate, metals like gold and crypto are the options and all depended on your personality and how much you want to risk.
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