I hardly have up to $100 again in all my fait bank accounts since I joined BTT - page 4.

tadamichi

full member

Activity: 168

Merit: 417

武士道

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While inflation does eat fiat value,

Zoom ten years out and compare fiat devaluation with Bitcoin appreciation in the same timespan. The difference is huge. It’s easy to cherry pick short time frames and using them for misrepresentation to make it seem like fiat is protecting value better.

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you do realize btc dropped from $64K to less than $17K in only a few months.

Now it’s closer to actual mining costs, which means it’s a good time to buy. Doesn’t really make sense to only buy at market highs and then complain that it takes too long, to become green again. Buying when most aren’t is what gets you in the green. Also considering the economic circumstances and moment we’re in before the next halving, a drop was expected. However you’re using this moment for braindead trolling again. Will we see you here during the next bull market too?

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BTC losses have been worse than inflation. Tongue

Not if you bought before the printing orgy in 2020.

Aanuoluwatofunmi

sr. member

Activity: 532

Merit: 390

To me having upto $100 with fiat is still a bad omen to me since I've realised bitcoin and how to be decentralized with it, bit only for the case of the need to exchange currency for daily expenses is what can make one to have such amount in fiat, I will also admonish that you also maintain decentralization with your bitcoin preferred by not falling the hands of another modernized centralized exchanges similar to fiat banks, bit rather completely go decentralized with your bitcoin in using a decentralized exchange, hardware wallet, or running a bitcoincore via it Tor client.

Oshosondy

legendary

Activity: 1414

Merit: 1118

...gambling responsibly. Do not be addicted.

The first time I was very disappointed with fiat was when I wanted to withdraw from bet365, only wire transfer was available for my country, $40 minimum withdrawal and it took almost 2 weeks before the money got to my bank account. It changed when I saw many foreign gambling sites on this forum with low minimum withdrawal and the money do get to my wallet within 10 minutes most times or less. One of the ways fiat is not useful for me when bitcoin is existing which is cross border payment.

But that is not only all, in my country, the fiat is highly devaluing and getting more worthless as usual, the inflation rate is increasing leading to reducing purchasing power. That has been the reason many people do not prefer fiat but prefer bitcoin, while also that if bitcoin is probably investment on, can give profit. No one can invest in fiat because it always devalues.

EarnOnVictor

hero member

Activity: 644

Merit: 592

Leading Crypto Sports Betting & Casino Platform

BTT has opened my eyes, the fiat rulership had milked me for too long. I was blind before, but now I can clearly see. Thanks to Satoshi Nakamoto!

Like play, I realized I hardly have $100 (conversion) as my total fiat balance in all my bank accounts, over 99.99% of my money is now in Bitcoin. I was slightly using Bitcoin before joining BTT, but this forum has made me a proudly addicted user of Bitcoin (payment, trading and investments). This is a good addition because I am making more money with them unlike the fiat in banks that will just be useless for me and useful for the bank.

It is so annoying when I look back at the wire transfer transactions I had performed in the past, to the point of charging me as high as $71 for a single transfer if correspondent banks are involved.

A big shame on the centralized fiat because of this extortion!

Topic: I hardly have up to $100 again in all my fait bank accounts since I joined BTT - page 4. (Read 572 times)