Topic: Inflation may have driven me to this, bitcoin has the power to reverse it (Read 295 times)

Sure, everyone can do whatever they want, and I don't blame them. I'm responding to the OP's observation that it seems eager to make up for the disappointment of not having bought or traded Bitcoin earlier. It's a bit worrying when someone trades with the desire to profit quickly, especially if he is no longer in his youth.

In fact, many people exaggerate.

You are not saying what type of investments you had for the last 15 years, so I presume that you saved that money in a Bank? We all know that Banks give us low risk and low profit, so it is not the best investment option that you can take.

I like to have a balanced portfolio, with some money invested in low risk investments like Banks and some medium risk investments in property rentals.. but a large portion of my investments are into Crypto, because it has the potential to generate huge inflation busting profits. 

We all really want to make more money and we are lucky to meet bitcoin which can be a source of income or can be said as a long term investment.
Maybe that's not exaggerating because many people already make money after going through a process.
There are indeed many alternative options for making money.
Since we are on the bitcoin forum, we are talking about bitcoin, which has provided an opportunity for many people to have short, medium and long term investments.
This makes many of us able to make money so we still use bitcoin as a tool to make money.
And even though the amount of income we get varies, that doesn't make us stop because we believe that our income will also be large one day.

Banks are at your service in financial transactions, but trusting them as a store of value in fiat is not the wisest choice today. Bitcoin has clearly offered you a better choice as a store of value asset than fiat, bitcoin is also a more profitable investment asset than fiat and other investment assets. So it's really lucky that you choose bitcoin as an investment asset during inflation because fiat has pretty much lost its value.

I think the OP has been pretty good at choosing bitcoin as his investment asset during this inflation so I hope he can actually generate a worth return. I also have bitcoin, it will definitely be worth the risk.

Your OP has good thoughts on this. and it seems you also have studied bitcoin carefully. Because some people find it difficult to realize how potential bitcoin is for future investment. especially if it is a beginner who wants instant wealth. You have a mature mind that prepares you for the future. At the beginning of knowing crypto, I wasn't too interested in Bitcoin. but after I studied it more actively. I just understood that for the long term I have to have bitcoin investments in my list. I also had savings in the bank. but indeed inflation has reduced the value of money that I have. maybe the amount stays the same and also grows because of the interest from the bank. but that is not worth the decline in value due to continued inflation. so I decided to withdraw and invest in various fields and in bitcoin is one of them.

I applaud your determination to improve your financial situation, but don't forget that success stories are often cherry-picked and don't represent the average investor's experience. Remember to stay grounded in reality and don't let FOMO cloud your judgement.

Given what's going on, it's true that the government has a rather negative view of bitcoin, seeing bitcoin as an enemy rather than a technology that benefits us all. But I think part of this can be our fault, we've always propagated that using bitcoin is against the government, against the control of the bank. We are also considering banks as our enemies, so we have caused unnecessary misunderstandings.
Meanwhile, those investing in bitcoin are also using the bank in one way or another. I need both because they have their own uses and use cases.

Of course I'm also not going to single-handedly blame the bank just because I know a better option. But of course I would blame them for complaining after trusting the bank so much and regretting their decision when they got to know bitcoin. I don't think banks have done me any harm financially, but it is true that banks and their centralized systems are no better than bitcoin.

Banks have helped me in serving financial transactions even now, but I no longer entrust my money to them since I got to know bitcoin. Other than a limited amount of gold and cash reserves, I think I've put everything in bitcoin since I've known it.

Not only us, but I think the government can also use it as the most profitable and helpful solution in the financial system. It's just that the government's negative perception of bitcoin is sometimes very ridiculous instead of supporting it.

it's good that you are taking the initiative to learn about investing and exploring different options for making money. It's also important to be patient and not rush into any investment decisions without careful consideration.

Bitcoin and other cryptocurrencies can offer opportunities for investment and potential gains, but it's important to understand the risks involved and to take a balanced approach to investing.

Hmm, my dear fellow is bashing himself which is a sign of no self-confidence and satisfaction which is a sign of a negative impact on the personality. I think you have left all on Bitcoin now and blaming the traditional system for your own policies' failure I have seen many happy people outside with the same traditional economic system and they have achieved a lot. Bitcoin is not going to change your life as a miracle bro this is very true that you can enjoy some of the crazy features with bitcoin that you can enjoy in the traditional financial system. Bitcoin can only push your limits by removing some restriction rest of the things are based on your own efforts. Now if you buy and hold some Bitcoins and start dreaming after a year or two years you are gonna be satisfied then you are in some misconception. Yes you can make some good retuns with the investment nothing more then that with holding policy.

Try to implement Bitcoin in your life and merge it with your skills then check how it goes.

It's never too late to start. You are not alone because I think many people are just trying to join bitcoin even though they don't have much money to start buying bitcoin. But with the knowledge you gain, you can become a smart investor who will own bitcoins from now onwards.

The most important part of having a bitcoin investment is that you can buy bitcoin in the smallest units with your money to apply the DCA strategy in investing in bitcoin. It will allow you to change your life in the future. So immediately start investing in bitcoin and save the bitcoin.

It is true that inflation can erode the purchasing power of savings overtime as interest rates offered by bank on saving accounts are generally lower than rate of inflation worldwide. To counteract this risk, financial assets, such as Gold, stocks and Bitcoin are relatively better options and provide hedge against inflation. However, rather than relying on a single asset, it may be prudent to consider diversified portfolio, as  diversification approach is generally considered a viable strategy to potentially achieve better returns while reducing risk.

You are absolutely right, inflation is the biggest risk to our money we are facing at the moment. It makes no sense to put our money into a savings account with 1-2% interest rate, while the inflation rate is at 10%. We need to invest our money to try and save the value and purchasing power of our money. Crypto currencies is a nice alternative to stocks that provide benefits to our overall portfolio and will lower our risk profile. The most important step is to realise that we need to become proactive with investing and start buying our first assets. It's never too late to start investing, there will always be new opportunities around the corner we can take advantage of. 

Some perspective:

If you are "averagely comfortable" in the U.S., you are in the top 5% in the world. That is, your standard of living is higher than 95% of the rest of the people in the world.

Life is inherently not easy, banks are also run by people, and those people are also trying to find a way to survive in a difficult world. In this case, I wouldn't blame the banks because they are also in business for profit. They need to put their own interests first, they can't help others when they can't even take care of themselves.
And I agree with you, the best way is to save yourself, learn about how the world economy works, don't rely on anyone and expect to receive help from anyone. Bitcoin is the solution for us, but success or failure is up to us, bitcoin will not be able to save us when we use it the wrong way.

Well, you have learned the hard way. Inflation is the way governments steal from their citizens without most of them realizing it. You have savings that give you 1% interest and you don't realize that inflation is robbing you of 10%, which means that every year you lose 9% of your savings.

Bitcoin is a good option to beat inflation but even before it was invented, people protected themselves from inflation by buying financial assets, such as gold, stocks or mutual funds. I say this for you to consider it too, lest from now on you put everything in Bitcoin and can't sleep because of the volatility.

Stories like the one shared by OP are very common, there are many people out there that work for 40 to 50 years and do everything right, and suddenly they find themselves in a horrible financial situation and they wonder what could have gone wrong? But what they fail to realize is that this is how the system is supposed to work.

And the only way to avoid this sad future is by learning more about the economy and learn to rely on ourselves, instead of relying on the banks and other similar institutions as they only care about themselves and no one else.

It's been the narrative and it seems true also because of the limited BTC supply and the continuous rise of BTC since 2009. While all stocks and currency purchasing power is depreciating, BTC is keeping its value up. That should be a good side to look at.

A person at such an age still trying to learn new kinds of assets is quite not what boomers do.
It's like he hasn't heard of Buffet or Schiff so I'm wondering who introduced him to BTC.

The reality is that due to high inflation there are so many things that younger generation today can't have that older generation had. Back in my fathers time if you had college degree you could get a comfortable job that can pay for a house and a car every 5 years, that was the reality. Imagine how much money you would have to make per year in order to buy a house with 10 year mortgage and renew your car every 5 years in today's world. People are having trouble surviving let alone buy those things and those are the big costs, we still have surviving issue these days let alone any of those things. So all in all do not compare yourself with people who started working even before you were born, its not going to be fair. Compare yourself to people at around your age, however old you are, compare yourself to people who are 5 years younger and 5 years older, that would be the generation you need to look at and if you are dine "fine" there, then its ok. You don't have to be best there, you don't have to be the greatest, you just need to be fine enough and that's all you need to care about. If you are fine, then you will live a life that is fine and no need to feel sorry about that. If you end up chasing what can't be done anymore, you will lose the single life you have and you will regret not living it.

I don't know why people are correlating inflation with bitcoin. To make it and sound to them that and think that Bitcoin is the only super man to remove inflation in the international area is a wrong perception. I don't know whether they don't understand the conceptual and the fundamental meaning of bitcoin.

 Bitcoin can even cause inflation in the world, yes because of the demand is high then price will also increase. Which goods and service wi also follow suit. You people should segregate inflation and Bitcoin whenever bitcoin discussion is mentioned .

If you see that it would be challenging in your line of work to be old then I guess you better prepare yourself for what is coming.  It is either look for extra income or invest your money in a profitable venture.  It maybe the right time to invest in Bitcoin and wait for 10 to 20 years from now and you'll see how our life will be changed.


Savings won't make anyone rich since the money that is kept does not produce any income.  It is best to invest it to somewhere that can enable your money to bring your more income.



True that, investment produce more profit than savings, but obviously it has its own risk that you have to minimize.



Well as you stated, it is not too late to get involve and invest in Bitcoin.  As a matter of fact, the industry is still very young and the global adoption is yet to be achieved.  This means that in due time when everyone is accepting Bitcoin, we might see Bitcoin price surge to 10x or more making our investment today to have 10x purchasing power.

It’s never too late to buy bitcoin, you are still earlier than the majority of the world population. It’s never a bad time to buy bitcoin & preserve your wealth. One thing is certain, keeping your money in $ leads to annual theft by your government under the dark cloak of inflation.

Buy bitcoin & hold for many years to easily defeat inflation.

Why didn't you notice before? Investing in gold is also a wiser choice than just expecting to profit from the interest offered to you from the bank. I think you're just too late in the world of opportunity that surrounds you.

But still, guilt won't do you much good if you don't start changing your mindset about how money can be money. Of course investing is a very wise choice to be considered by anyone wherever they want to do it. Now that you are sure about bitcoin you want to be one of the investors, keep it for the long term, it is a better option than investing in gold.

Do it for whatever amount you can afford to lose, and never be tempted to get a quick return from it without risk and price volatility. Buy and hold your bitcoin long term, then you should also know how best to secure them.

This statement is almost true for every country. Also in my country usd rate was below 100, but now it is a little over 100, but bitcoin is around 30k USD now. Some people will always argue but bitcoin and its holders will gain wealth over time.

In 2010 a dollar was exchanged for 151.15 of my local currency. Today it is exchanged for 460.53 in the Central Bank and over 750.54 in commercial banks. Bitcoin price was less than a dollar in that same year but the price reached $30,000 this year. I have heard people argue that Bitcoin is not a good investment to tackle inflation, but they are wrong using my country as a case study.

@OP you are not late to the Bitcoin party because there are still so many activities on the program. The Bitcoin project is eternal and you are fortunate to have located the sector. I was introduced to Bitcoin many years ago, but I didn't pick interest because I thought it was a scam. It's painful to neglect the sector then but I know there are still better days ahead. I am sure that ten years from now, hopefully, you will be glad you invested.

Always focus on a positive mindset towards your life, as being unhappy won't make any positive changes. Instead, focus on your future and learn from your past mistakes. It's important not to dwell on the past but to use it as a learning experience. If you find yourself regretting not investing in Bitcoin 10 years ago, remember that it's not too late to start investing now. Simply saving your money in a bank won't increase your wealth, you need to invest it wisely. Bitcoin is currently below its all-time high, so it's a great opportunity to research and consider investing in it or other similar opportunities. Keep an open mind and explore your options.

Don't save money. It will never lead you to becoming richer. If you're not much obsessed on becoming financially sovereign and beyond, at least convert your savings to something that doesn't take much time to get involved with, like bitcoin. Definitely better long-term option than keeping the fiat. Interest rates are laughably scanty.

Don't expect to catch the lowest price. Jump into the train and enjoy the ride.

In my opinion, investing can be a powerful tool for growing your wealth and potentially countering the negative effects of inflation meaning that by investing your money you have the potential to earn greater returns than you would receive simply by keeping it in a savings account with low interest rates. .

Moreover, the reality of today's financial world is that investments, including Bitcoin, have experienced substantial growth over the last decade. While it is not possible to go back in time and invest in Bitcoin 10 years ago I think there are still opportunities for growth and profit in today's market.

Because of this, it's important to approach investing carefully with a long-term mindset. No investment is guaranteed, and it's important to research thoroughly and understand the risks and benefits of each opportunity before making a decision.


I think you have the potential to see success with Bitcoin based on information about your financial future. There is a strong motivation I see and it is very normal to feel frustrated when things don't go according to plan but this is where the stepping stone begins, To take control of the situation and use it as motivation to make positive changes and if there is a plan Delay is not denial.

This is the regret that every late bitcoin investors always have. It is not too late to invest into bitcoin and still make profit from it. Banks are only there to use your savings for their own personal business to generate incomes for themselves and at the end they give you peanuts as interest for using your money,without your concept.

Bitcoin investment is resistance to inflation,unlike fiat currency and the government wouldn't want to accept this fact because it wasn't their creation. So many people have regretted keeping huge amount of money in banks for a long period of time because inflation has devalued their savings. You shouldn't see bitcoin as a get rich quick project,but see it as a store of value to secure your funds. So that you don't get worried about the fluctuations in it's price.

As a newbie, you shouldn't rush into trading to avoid loss,you should learn about it,have the knowledge and your own trading strategy before you go into trading. For a start only trade with the money that you can afford to lose,to have the experience.

Early investors have made it through with bitcoin and till now, it's never too late for anyone to also invest, it is better to have your money in bitcoin and keep because it will have the opportunity of growing and make interest than having it in bank with centralized institutions, if you invest today, you will still have a better tomorrow.


Be only eager to invest and nit being aggressive, rather concentrate on your investment and monitor it, have your asset on a decentralized wallet, hodl for some time and you will make the best out if it, it's never too late, if you invest today and bullrun occur next year, you have a better chances for making your own profits realization as well because we are likely to have bitcoin price surges to about $100k beating the all time high of $69k,so it's never too late investing today.

If you are not satisfied with the level of your achievements, then try to fix it. Change is impossible without trying.

Need to be content with what you have. Many don't even have that.

Not all bitcoin investor stories have happy endings. Many of them made various mistakes, because of which they lost their btc (= money). Forever. Therefore, the past should not make you unhappy. It's not a fact that you would have been able to keep btc all these years. Take it philosophically: you learned about BTC and encountered BTC when you were ready for it. Not earlier and not later.

Exactly. Such phenomenal profitability from bitcoin, as it was in the initial periods, will certainly not be. You shouldn't be sad about this. With btc you can increase your wealth even now - thanks to high volatility and high returns.

Those who are looking for opportunities will definitely find it.

Banks interest rate is a dream killer, it's never going to bring a noticeable impact into your life than regrets, that's even if you know that there are better alternatives like Bitcoin exists, some people don't know what Bitcoin is in my country, you mention Bitcoin they will ask you what that is, lol, this is a sad lesson you learned mate, but I have good news for you, it's not too late to invest in Bitcoin, and be thankful that we are still in a bear market, so you still have some months left to go, start accumulating now with what you can afford to lose, also please understand that Bitcoin is a highly volatile asset, riskier than stocks.  

Everyone will certainly be biting their fingers now that bitcoin is finally that coin after missing out on the early days. But I tell you it is for the best sometimes for some people. How would you be feeling now had you invested in bitcoin but you lost it without proper knowledge of safeguarding it, since it was easier to get scammed or a wallet got hacked then. No need to worry but just appreciate that you have found out now which would still be early for some in the near future.

Although aside bitcoin I would say you made a mistake of holding on a large fiat for retirement. Even before the knowledge bitcoin became widespread many people actually invested their retirement savings into ROI that had store of value. One of the most popular ways then/now is to open up a business that could bring even a little profit with this not much of a large amount will be in fiat.

Regardless it still not bad to start with bitcoin but do not invest all of it in bitcoin and be expecting to make huge profits in future, although we all could agree that bitcoin would have a price in years to come. But there isn’t full certainty what period we will face during your retirement days and when you need your savings, as there still certain things that determines bitcoin price every time and not just the halving and it’s supply

Just a simple question that it answer could help you relaxe a bit on yourself, as far back as 2009 when bitcoin was first lounched did you know about if?

And even if you hard about it, do you have have the fiancials knowledge that could male you take the risk of investing in bitcoin back then?

So if your answer to any of the above question (NO) it then means tou cant blame youself too much, there is no doubt that you have misssed out on the many profits that comes with early adoption of Bitcoin.

But being too aggressive on bitcoin now that the price is relatevly high may be a bad idea and you need to apply caution while putting your money down to avoid buy at high price, so you need to buy low in other to.make a exceelent entry that could lesson your risk level.

Keeping your money in the bank is like stocking your money up for inflation and the general meltdown of its value and since the bank doesn't give you good profits even on fixed deposits it then means making and having an alternative investment option is the perfect choice for long-term retirement plans. And bitcoin has given us that great opportunity and there is no time that could be late to buy some Bitcoin, you can start accumulating today and in the next 3 years from now, you would have stashed enough Bitcoin that could aid your early retirement.

The questions "Why me" and "Why not me" are applicable to every sector of life. Regretting not starting an investment with Bitcoin over the past year because you consider your savings wasteful is really unwise to me. Would you have had these thoughts if Bitcoin were not to be as successful as it is today? Did you not also think of it the other way around, like the people who invested in some scam projects and lost all their retirement funds and all their life savings because they made the wrong investment choice? If you were in such a situation, your question could have been, "Why you?"

But if the investment is to be favorable for others, which is not you, your question now will be, "Why not me?"
What I am trying to say in essence is that you don't have to regret any action that you have taken in the past; concentrate on how you can make things work out with the opportunities that you have. Leaving regrets over the past will eventually make you take a harsh decision. 

Since you have decided to start buying and hodling some bitcoins, keep it up. And don't ever regret not buying from the beginning; if everyone bought Bitcoin back then at the very beginning, I don't even think most of us would be able to hold some pieces of it. Everything regarding the journey of Bitcoin contributes to where it is today. 

Considering my age, it gets me unhappy with the level of achievement I have so far. I am not the poorest person on earth, just the same way I am not the richest, I categorize myself as an averagely comfortable person. The financial empowerment is affecting me mentally, it is not enough. I checked the lives of old people in my line of work and also in other line of works and see how challenging it could be at the old ages. It can be more if the children of these people are not doing fine financially.

Thinking of the future ahead, I started making aggressive savings apart from my pension as far back as 15 years ago keeping my money in the bank and depriving myself of so much benefits. Regrettably inflation has ruined this money for me. When I think of the 15 years I saved the money, it makes me unhappy. Learning that bitcoin started in 2009 and could not make a cent from it is another recent source of sorrowful thought these days when I read online about success stories of bitcoin investors.

The recent reality makes me see it that investment is better than keeping money somewhere for a little interest. The story will not be like this having bitcoin bought over 10 years ago.

This is not going down with me, it is me that will not let it break me. Delay is not denial,  i must make money in bitcoin henceforth. It is making me aggressively learning how to make money through investments and bitcoin is my top choice for trading and holding.

Not so late for any newbie like me also, face inflation with bitcoin but be smart with it.