Invest in bitcoins and save yourself from Inflation - page 2.

_BlackStar

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Quote from: Jody.Drummer on June 30, 2022, 02:02:38 PM

Won't argue too much about this. You just need to be good at entering the crypto market and fix losses with some careful buying options. Enter a safe realm in Stablecoins then return to buy some Sats. You can do it repeatedly and with a predetermined holding duration. The fact that in the future Bitcoin will show the ferocity of the price you cannot forget.

Nothing to argue about, but good to start a discussion to get a proper understanding. It's just about how one seizes the opportunity, if they realize bitcoin is a potential asset that can bring them profit then they should invest it for money they can afford to lose.

Quote from: dkbit98 on June 30, 2022, 03:13:04 PM

This is not really correct to say because new Bitcoin is created with mining every day so it can be considered to have inflation, but difference it that inflation is much lower compared to fiat currencies.

This understanding is correct, the inflation percentage in bitcoin is much smaller than fiat because bitcoin has a supply limit of only 21 million. While fiat can be printed indefinitely and continues to improve over time. Awareness of the benefits of investing in bitcoin is not necessarily based on how well you avoid inflation. Bitcoin is a much better potential investment asset than other well-known investment instruments, and its low inflation rate is just another contributing factor to why bitcoin is worth investing in.

The Cryptovator

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To be honest I can't find a deep relationship between inflation and Bitcoin. Even if it's not yet accepted globally as a currency, how would it save you from infection? Bitcoin isn't out of the global economy, so if inflation happens then Bitcoin will act accordingly. People will need more cash and they might start sales which will lead to more volatility in Bitcoin price. So I don't think Bitcoin would prevent global inflation anyway. But yea, if you invest in that then it might help you later on to recover your financial status.

dkbit98

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Quote from: virasog on June 30, 2022, 10:21:35 AM

Bitcoin has no inflation

This is not really correct to say because new Bitcoin is created with mining every day so it can be considered to have inflation, but difference it that inflation is much lower compared to fiat currencies.
One more advantage for bitcoin is that total supply is limited to 21 million, inflation is reducing with every Bitcoin Halving (every four years), and next one is scheduled for year 2024.
Things are starting to look very interesting in next few years for Bitcoin.

https://www.bitcoinblockhalf.com/

Silberman

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Quote from: avikz on June 30, 2022, 12:02:57 PM

Quote from: SuperMariob on June 30, 2022, 11:57:31 AM

Bitcoin is strictly related to fiat anyway.... because to use BTC to buy something in real life you must convert it to fiat sooner or later. At least for now.

That's true! That's the main concern and a bottleneck for mass adoption of bitcoin. No matter how many bitcoins you own, it is not very convenient and highly unlikely to use it for our daily expenses. Fiat is definitely the most convenient way to make payment for goods and services.

As of now, bitcoin is better as an investment and not as a payment method. To use bitcoin, we need to convert to fiat first in reality.

What happens is that most people are very ignorant about how fiat really works, if we take a look at how those which know the most about how to get and keep their money manage it we often see they are asset rich but cash poor, they keep as little cash as possible and they keep all their wealth in assets that can beat inflation like real estate, jewelry, precious metals, art or their own companies, so people do not adopt bitcoin as fast as they should because they think their fiat is fine and there is nothing wrong with it, but once inflation goes out of control that is when they begin to look for alternatives, but by the time they do so it is already too late and the price of all of those assets has exploded already.

Jody.Drummer

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Quote from: virasog on June 30, 2022, 11:08:21 AM

Quote from: ImThour on June 30, 2022, 11:03:46 AM

Okay so let's talk about Inflation vs Bitcoin.

Imagine you buying Bitcoin at the start of 2022 because you want to beat Inflation.
Now Bitcoin is almost 60% down and just would like to know, have you beat the inflation, or have you lost your money?

Do not bet on any asset without understanding the economic market.
It's not good out there yet, fiat is your best friend atm.

That's the reason that people so not understand this whole inflation concept and are happy to remain in USDT ( which is in fact USD).
The moment institutes and people will realize how effective is bitcoin against inflation, the bitcoin price will skyrocket. We have already seen 69,000$ when more than 50% of the world population does not even know how bitcoin works. Imagine 70 to 80% of the world's people are willing to invest in bitcoin, where will you see the bitcoin price?

Won't argue too much about this. You just need to be good at entering the crypto market and fix losses with some careful buying options. Enter a safe realm in Stablecoins then return to buy some Sats. You can do it repeatedly and with a predetermined holding duration. The fact that in the future Bitcoin will show the ferocity of the price you cannot forget.

fzkto

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Quote from: noormcs5 on June 30, 2022, 12:04:58 PM

Quote from: fzkto on June 30, 2022, 11:46:12 AM

I think there is enough bitcoin for all people, due to the fact that it is made up of 100M satoshi.

Yes, but this does not mean that bitcoin will be divided equally among all people. Institutions like MicroStrategy disclosed that it had purchased 480 Bitcoins for about $10 million from May 3 to June 28 are buying bitcoin because they know the value of it.
Every satoshi will become expensive and expensive as more people will buy bitcoins. Also, note that they are thousands of bitcoins that are already lost because the owners have lost the private keys.
If you plan to invest in bitcoin, do it now before it's too late, too expensive to buy even a satoshi.

In my opinion, a 480 bitcoin purchase by Saylor is a gambling addiction, when you have a huge unrealised loss but still buy with your last bit of money. Why else would he buy so little, as the deal is very profitable? Especially since he is already known for his grand bankruptcy in the past. All in all, I wouldn't put much trust in his laser eyes.

PX-Z

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Bitcoin is meant for that, but sounds like a too good to be true, no?

But still it is related and affected by fiat. People keep saying similar to that, as it is safe haven but people disappoints whenever something global happens such this downtrend of all assets where people expects it will remain to its stands.

Imagine you want to avoid your money get devalued by inflation that is something around 5% or so yearly then you invest (as you suggest) your money to bitcoin and then this shit happens where it dumps at almost 60%. Its like your money get affected by 12x the annual inflation increase rate.

Then people keep telling you only lost when you sell. True, but it still a lost, same like by the inflation, where your money never decreased by numbers yet it decrease its value since prices of goods increases.

BITCOIN4X

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Quote from: kryptqnick on June 30, 2022, 10:58:58 AM

1. Wages normally do grow to be adjusted for inflation.

No, I didn't get a raise wages even though we really feel how bad inflation is right now. Maybe the government has thought about it but so far it seems that it has not been realized. Worse, the 30% increase in fuel prices more than before was not matched by an increase in wages, this is the worst so far.

Quote from: kryptqnick on June 30, 2022, 10:58:58 AM

2. While Bitcoin can save from inflation, it can't always save from its worst consequence: devaluation of one's earnings or hodlings. That's because the price is very volatile, and sometimes one can really benefit from keeping funds in Bitcoin while at other times it can lead to the sort of losses which are uncommon for fiat inflation (although they do happen with some very unstable fiat currencies).
So it's important to assess the situation and make careful decisions.

I agree with your point of view, but bitcoin will be more convincing for an asset that is not subject to inflation even though the bad consequences are always there. The risk is loss due to fluctuations or loss bitcoin due to user error, the rest bitcoin is a profitable investment asset in the long term.

noormcs5

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Quote from: fzkto on June 30, 2022, 11:46:12 AM

I think there is enough bitcoin for all people, due to the fact that it is made up of 100M satoshi.

Yes, but this does not mean that bitcoin will be divided equally among all people. Institutions like MicroStrategy disclosed that it had purchased 480 Bitcoins for about $10 million from May 3 to June 28 are buying bitcoin because they know the value of it.
Every satoshi will become expensive and expensive as more people will buy bitcoins. Also, note that they are thousands of bitcoins that are already lost because the owners have lost the private keys.
If you plan to invest in bitcoin, do it now before it's too late, too expensive to buy even a satoshi.

avikz

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Quote from: SuperMariob on June 30, 2022, 11:57:31 AM

Bitcoin is strictly related to fiat anyway.... because to use BTC to buy something in real life you must convert it to fiat sooner or later. At least for now.

That's true! That's the main concern and a bottleneck for mass adoption of bitcoin. No matter how many bitcoins you own, it is not very convenient and highly unlikely to use it for our daily expenses. Fiat is definitely the most convenient way to make payment for goods and services.

As of now, bitcoin is better as an investment and not as a payment method. To use bitcoin, we need to convert to fiat first in reality.

SuperMariob

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Bitcoin is strictly related to fiat anyway.... because to use BTC to buy something in real life you must convert it to fiat sooner or later. At least for now.

fzkto

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I think there is enough bitcoin for all people, due to the fact that it is made up of 100M satoshi. That is, bitcoin is a divisible unit and satoshi is indivisible. So it is appropriate to talk about deflation of bitcoin, but not quite logical yet, because it can be bought at any time. You can talk all you want about dollar inflation, but the value of bitcoin is measured in dollars. If bitcoin were a bailout for inflation, it would not be repeating the charts of the stock indices right now.

virasog

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Quote from: ImThour on June 30, 2022, 11:03:46 AM

Okay so let's talk about Inflation vs Bitcoin.

Imagine you buying Bitcoin at the start of 2022 because you want to beat Inflation.
Now Bitcoin is almost 60% down and just would like to know, have you beat the inflation, or have you lost your money?

Do not bet on any asset without understanding the economic market.
It's not good out there yet, fiat is your best friend atm.

That's the reason that people so not understand this whole inflation concept and are happy to remain in USDT ( which is in fact USD).
The moment institutes and people will realize how effective is bitcoin against inflation, the bitcoin price will skyrocket. We have already seen 69,000$ when more than 50% of the world population does not even know how bitcoin works. Imagine 70 to 80% of the world's people are willing to invest in bitcoin, where will you see the bitcoin price?

ImThour

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Bitcoin Bottom was at $15.4k

Okay so let's talk about Inflation vs Bitcoin.

Imagine you buying Bitcoin at the start of 2022 because you want to beat Inflation.
Now Bitcoin is almost 60% down and just would like to know, have you beat the inflation, or have you lost your money?

Do not bet on any asset without understanding the economic market.
It's not good out there yet, fiat is your best friend atm.

kryptqnick

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I agree that inflation is a hidden tax and all that, but some things should be noted here.
1. Wages normally do grow to be adjusted for inflation.
2. While Bitcoin can save from inflation, it can't always save from its worst consequence: devaluation of one's earnings or hodlings. That's because the price is very volatile, and sometimes one can really benefit from keeping funds in Bitcoin while at other times it can lead to the sort of losses which are uncommon for fiat inflation (although they do happen with some very unstable fiat currencies).
So it's important to assess the situation and make careful decisions.

sbrys

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You have a point but this downturn in markets we see everywhere right now is mainly triggered by inflation.

So why isn't bitcoin going.

I'm kidding but still

virasog

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Bitcoin has no inflation and no government can make you slaves by printing excessive notes and manipulating the paper currency to benefit the elite and those in power.
If you want real freedom, just keep buying bitcoins.

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