Pages:
Author

Topic: Inflation is Poses a Great Challenge for Delayed Gratification (Read 536 times)

legendary
Activity: 2534
Merit: 1338
It is known that real estate follows inflation and as such it is a good investment, however at the same time we must remember that this is not a linear process and there are times in which real estate is overvalued and others in which it is undervalued, and at least to me real estate seems to be once again overvalued at a lot of countries around the world, and as such I still think that the best investment that someone can make these days is to put their money in bitcoin.
That's the biggest trouble plus we are talking about a big investment for most people, and even though almost all houses have owners, it is not easy to sell a house neither. It takes time, if you want to sell bitcoin then you open up your exchange and sell it, that's it, maximum of 10 minutes, I am so used to it by now that I can do it under 1 minute.

But when you want to sell a house, first you put it on the market, then a realtor contacts you, then you gave the realtor right to sell it, then they find you a buyer in god knows how long time, then you end up with something more and more and more on paperwork, and then you sell it and get the money. As you can see, this may take as much as many months before you can do that, my parents sold their house in 17 months for example, that's the issue.
I know what you mean as my parents went through the same kind of trouble when they tried to sell their house, and if it is difficult to sell a house under normal circumstances then it is easy to imagine how difficult it could be to sell a house when there is a economic crisis going on, so bitcoin is a great option not only because it is portable, impossible to detect and a store of value, but under those difficult circumstances it is likely people would love to accept bitcoin and even give you a discount when buying what you want.
legendary
Activity: 3318
Merit: 1128
It is known that real estate follows inflation and as such it is a good investment, however at the same time we must remember that this is not a linear process and there are times in which real estate is overvalued and others in which it is undervalued, and at least to me real estate seems to be once again overvalued at a lot of countries around the world, and as such I still think that the best investment that someone can make these days is to put their money in bitcoin.
That's the biggest trouble plus we are talking about a big investment for most people, and even though almost all houses have owners, it is not easy to sell a house neither. It takes time, if you want to sell bitcoin then you open up your exchange and sell it, that's it, maximum of 10 minutes, I am so used to it by now that I can do it under 1 minute.

But when you want to sell a house, first you put it on the market, then a realtor contacts you, then you gave the realtor right to sell it, then they find you a buyer in god knows how long time, then you end up with something more and more and more on paperwork, and then you sell it and get the money. As you can see, this may take as much as many months before you can do that, my parents sold their house in 17 months for example, that's the issue.
legendary
Activity: 2534
Merit: 1338
It happens in many nations, there are nations with 100% inflation and that means it is just for average, so some stuff went up just 10-20% while others went up 500%, that is the reality. So a car you may want to buy at 20k could become 50k there, it is totally possible. People need to realize that they need to be protected against the inflation and should be investing diligently because of that. If you keep having fiat investments then no matter what you do, you won't be able to protect it against inflation.

But, if you can do crypto or anything else that is valuable, then you could be able to actually make a profit that means well, and I personally do believe that it should be like that. I understand it is not going to be easy to handle that, but it is also not impossible to realize and do something about it.
Well, actually, some fiat investments are always super profitable in times of inflation, such as real estate. As inflation increases in a country, the prices of properties tend to increase as well as a part of the inflation that catches every sector. So a person who has invested their fiat into real estate will be in great profit when inflation starts increasing.

Just like real estate, the price of gold also tends to increase when there is inflation because it is a commodity, and prices of commodities increase when there is an increment in inflation within a country.
It is known that real estate follows inflation and as such it is a good investment, however at the same time we must remember that this is not a linear process and there are times in which real estate is overvalued and others in which it is undervalued, and at least to me real estate seems to be once again overvalued at a lot of countries around the world, and as such I still think that the best investment that someone can make these days is to put their money in bitcoin.
hero member
Activity: 2646
Merit: 582
Leading Crypto Sports Betting & Casino Platform
It happens in many nations, there are nations with 100% inflation and that means it is just for average, so some stuff went up just 10-20% while others went up 500%, that is the reality. So a car you may want to buy at 20k could become 50k there, it is totally possible. People need to realize that they need to be protected against the inflation and should be investing diligently because of that. If you keep having fiat investments then no matter what you do, you won't be able to protect it against inflation.

But, if you can do crypto or anything else that is valuable, then you could be able to actually make a profit that means well, and I personally do believe that it should be like that. I understand it is not going to be easy to handle that, but it is also not impossible to realize and do something about it.
Well, actually, some fiat investments are always super profitable in times of inflation, such as real estate. As inflation increases in a country, the prices of properties tend to increase as well as a part of the inflation that catches every sector. So a person who has invested their fiat into real estate will be in great profit when inflation starts increasing.

Just like real estate, the price of gold also tends to increase when there is inflation because it is a commodity, and prices of commodities increase when there is an increment in inflation within a country.
full member
Activity: 1484
Merit: 101
Inflation and complicated economic problems are now causing Argentina to go bankrupt. Previously, there was the Sri Lankan state which was bankrupt and experiencing serious and difficult economic problems to solve. It is time for strong countries like Europe and the USA to immediately help resolve inflation in Argentina before the human tragedy gets worse.
member
Activity: 737
Merit: 11
Inflation is of course a serious problem, for those who have a steady income, for example office workers or laborers, they will look for everything to survive, in my country people work 1 month only enough for a month, if they are late in receiving their salary they will be in debt, this is what makes We must always think creatively so as not to be affected when inflation occurs.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
It happens in many nations, there are nations with 100% inflation and that means it is just for average, so some stuff went up just 10-20% while others went up 500%, that is the reality. So a car you may want to buy at 20k could become 50k there, it is totally possible. People need to realize that they need to be protected against the inflation and should be investing diligently because of that. If you keep having fiat investments then no matter what you do, you won't be able to protect it against inflation.

But, if you can do crypto or anything else that is valuable, then you could be able to actually make a profit that means well, and I personally do believe that it should be like that. I understand it is not going to be easy to handle that, but it is also not impossible to realize and do something about it.
Honest to goodness: Cryptocurrency is Spider-Man to our financial Peter Parker. Bitcoin? It's like playing a game of chess with strict guidelines and no room for whimsy on the part of the government or the banking system. Putting your faith in "Decentralisation" is like committing your wealth to a devoted dragon, protecting it from the sneaky Goblin of inflation.

Keep in mind that your primary motivation shouldn't be financial gain. Your hard-earned possessions will be protected in this safe haven. Sure, getting started in crypto may be compared to breaking a ferocious stallion. It's a breathless rodeo ride once you're up on the horse, though.
sr. member
Activity: 1008
Merit: 366
Only money can bring you more money. But it is only possible when you invest it in order to grow it more. When you keep your money as a saving, over time with inflation, the value of your money will decrease (price of products will increase). Inflation will happen no matter what. So we can not prevent it. But if we use the money in a right way to make it worth more, only then we can tackle the inflation problem.
Or we could stop using something that has unlimited supply and move to something that has limited supply. This can ensure no more inflation. We are in a system and we are bound by its rules. But the system itself is corrupted. 
sr. member
Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
well, it's very natural if we want to buy dream goods whether it's a necessity or for prestige, but it would be nice to invest first so that at least we have a backup if the money we have runs out and we don't have to worry about inflation. Inflation must indeed be faced like it or not, it must occur as long as paper money is still in circulation. we must be prepared with reality if we have to face it.
sr. member
Activity: 1428
Merit: 252
Many people think bad things when inflation occurs, in my opinion as long as inflation is still reasonable which is usually below 10% certainly no problem, the main focus we have to do is to continue to increase the source of income so as not to worry about the inflation that will occur.
legendary
Activity: 2534
Merit: 1338
It happens in many nations, there are nations with 100% inflation and that means it is just for average, so some stuff went up just 10-20% while others went up 500%, that is the reality. So a car you may want to buy at 20k could become 50k there, it is totally possible. People need to realize that they need to be protected against the inflation and should be investing diligently because of that. If you keep having fiat investments then no matter what you do, you won't be able to protect it against inflation.

But, if you can do crypto or anything else that is valuable, then you could be able to actually make a profit that means well, and I personally do believe that it should be like that. I understand it is not going to be easy to handle that, but it is also not impossible to realize and do something about it.
There are countries which had a weak economy to begin with before the pandemic, and when the lockdowns came and the economic activity came to a halt then those countries and their populations began to suffer, and while we may think this is never going to happen at the countries where we live, there is no guarantee that would not be the case, and with this in mind then we need to always be ready and take actions to protect our capital, even if no one around us is doing something to protect themselves from the corrosive effects of inflation.
legendary
Activity: 2688
Merit: 1192
Some time 4 years ago, I started to save so that I can buy my dream car which was around $15,450. I was determined. I cut a lot of costs and delayed so many gratifications. For example, I stopped going out with the boys. I did a lot more recycling. I quit eating out and opted for cooking my own meal, I didn't buy new clothes, jeweries, electronic devices etc. I was pretty determined to reach my car saving goal. Before I knew what was happening inflation struck and it swept across all industries. Did you know that my dream car that was an equivalent of $15,450 rose up to $23,680. My heart sunk. It took me doing some additional jobs and twice as much time to rise the new money. So, when someone said that inflation posses a great challenge for delayed gratification. That is, delayed gratification isn't as rewarding especially during inflation, recession. I agreed with them. Do you?

Some of the effects, like the one that you described are short and fleeting, for example the second hand car market after Covid became red hot because there was such a long lead time on new cars getting delivered when lots of component manufacturers had dropped capacity. That has started to get better now but there are still long lead times on new cars, it will get better eventually. The best thing to do with your money is to try and invest it in these very same companies that are raising prices so much, because their profitability will shoot up in uncertain times. A few companies do it for genuine reasons like supply chain costs increasing, but others are taking advantage and making lots more money while their costs have not gone up much.
legendary
Activity: 2884
Merit: 1117
It happens in many nations, there are nations with 100% inflation and that means it is just for average, so some stuff went up just 10-20% while others went up 500%, that is the reality. So a car you may want to buy at 20k could become 50k there, it is totally possible. People need to realize that they need to be protected against the inflation and should be investing diligently because of that. If you keep having fiat investments then no matter what you do, you won't be able to protect it against inflation.

But, if you can do crypto or anything else that is valuable, then you could be able to actually make a profit that means well, and I personally do believe that it should be like that. I understand it is not going to be easy to handle that, but it is also not impossible to realize and do something about it.
hero member
Activity: 1680
Merit: 505
I happened to go to SMK (Vocational High School) and learned a little about inflation in Economics.

When I was at work, I saved diligently, but I kept thinking about inflation, I was tired of saving for a long time, uh, the value of money went down because of inflation and the prices of all things went up so fast. the same as in the case of you wanting to buy a dream car, if I want to buy a motorbike from my savings but not enough to buy it because prices continue to rise due to inflation.

But now I am grateful that after reading a lot through the internet and this forum, I have learned a lot about the problem of inflation and my choice to fight inflation is to save bitcoin (buy bitcoins and save for the future).

Many of my friends sneered at my choice but I still believed in my choice. Thankful that after a few months the price of the bitcoin that I kept rose from the price I bought it, even though I only held bitcoin for a few months, I was already benefiting from bitcoin. Now I'm starting to buy back bitcoins DCA I think of as saving.
You have a good example with current economic crisis which is not limited to just one country its a world crisis if you want to save your money in that than go for some sensible options invest your money in stocks or bitcoin so you should get profit and you can use your money however you want .
Saving money can't be beneficial nowadays because of continous devaluation of currency .
sr. member
Activity: 1204
Merit: 270
Hire Bitcointalk Camp. Manager @ r7promotions.com
For delayed gratification the main cause of inflation is the increase in the amount of money in the current banking system, these transactions are done with the help of loans created by banks. If this debt can be reduced, the total amount of money in circulation can be reduced and inflation can be controlled. For this purpose the central bank uses monetary policy to control the money supply to control inflation and increase savings. Also, if short-term measures are taken, the decision to take loans from multilateral institutions provides an opportunity to rethink the growth strategy through multi pronged reform programs.
legendary
Activity: 2534
Merit: 1338
Inflation is a thing that will continue to happen and be repeated, inflation certainly has a positive side because it makes money circulation faster because people have to spend more money for needs, with inflation sometimes we will think to be more creative, usually there are 2 ways we do it, namely saving and increase income, with these 2 things we can avoid economic difficulties due to inflation.
I disagree, this is just the excuse governments have created in order to hide the fact they are effectively stealing your wealth each time they print more currency without anything to back it up, they are trying to spin things in a positive light so people simply assume that this is how things are supposed to work, and this is not true, besides if governments lose control of the inflation, as it seems this is the case, this can affect people negatively as then the price of everything goes up while your salary remains the same.
sr. member
Activity: 1722
Merit: 252
Inflation is a thing that will continue to happen and be repeated, inflation certainly has a positive side because it makes money circulation faster because people have to spend more money for needs, with inflation sometimes we will think to be more creative, usually there are 2 ways we do it, namely saving and increase income, with these 2 things we can avoid economic difficulties due to inflation.
legendary
Activity: 2660
Merit: 1074
Some time 4 years ago, I started to save so that I can buy my dream car which was around $15,450. I was determined. I cut a lot of costs and delayed so many gratifications. For example, I stopped going out with the boys. I did a lot more recycling. I quit eating out and opted for cooking my own meal, I didn't buy new clothes, jeweries, electronic devices etc. I was pretty determined to reach my car saving goal. Before I knew what was happening inflation struck and it swept across all industries. Did you know that my dream car that was an equivalent of $15,450 rose up to $23,680. My heart sunk. It took me doing some additional jobs and twice as much time to rise the new money. So, when someone said that inflation posses a great challenge for delayed gratification. That is, delayed gratification isn't as rewarding especially during inflation, recession. I agreed with them. Do you?
Yes this inflation really sucks and I agreed to you, before my salary is not only enough but has some money being left but now I need to do 2 jobs for me to feed my family because living in a 3rd world plus inflation really hits so hard, the salary here doesn't increase sometimes I can't even buy small things because I need to spend it to other things so even I will save some money there's already something planned to buy with it.
Why not migrate in another country that has a better salary rate? I know lots of people living in a poorer country are doing that but some are die-hard about their place so they just accept their faith. They can still do something like what you are doing there, which is to find another job and there are still times where the government can increase the salary of the workers.

If possible, maybe you need to talk to your family about this matter, tell them that we need to budget whether in eating, or consuming electricity and water. That should help us a little and maybe that's the time that you can save and buy that thing you want. You need to reward your self sometimes.
sr. member
Activity: 434
Merit: 272
I happened to go to SMK (Vocational High School) and learned a little about inflation in Economics.

When I was at work, I saved diligently, but I kept thinking about inflation, I was tired of saving for a long time, uh, the value of money went down because of inflation and the prices of all things went up so fast. the same as in the case of you wanting to buy a dream car, if I want to buy a motorbike from my savings but not enough to buy it because prices continue to rise due to inflation.

But now I am grateful that after reading a lot through the internet and this forum, I have learned a lot about the problem of inflation and my choice to fight inflation is to save bitcoin (buy bitcoins and save for the future).

Many of my friends sneered at my choice but I still believed in my choice. Thankful that after a few months the price of the bitcoin that I kept rose from the price I bought it, even though I only held bitcoin for a few months, I was already benefiting from bitcoin. Now I'm starting to buy back bitcoins DCA I think of as saving.
member
Activity: 1232
Merit: 12
Many people complain about inflation, if we want to think then inflation is something that always happens, the best strategy is to increase income or find other sources of income so that we can fight inflation, without good income then we will get used to blaming anything.
Pages:
Jump to: