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Topic: Invest in bitcoins and save yourself from Inflation (Read 385 times)

legendary
Activity: 2576
Merit: 2880
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If you want real freedom, just keep buying bitcoins.
It's not just that easy: buying bitcoin is just the first step, but people also need to understand what they are doing, and especially why, otherwise at the first dump they're going to sell everything losing money. Bitcoin also requires time and efforts to educate yourself.
hero member
Activity: 1820
Merit: 537
Investing is bitcoin in current scenario is certainly not a good way to fight inflation or hedge against inflation. Yes if you want a good long term hedge against inflation. I will say bitcoin will be one of your best option. In the future bitcoin will surely reach 100K. For a long time in the future, we see bitcoin will remain the undisputed king of crypto

This has been my hope that's why I'm embracing this bear season. The current inflation rate to be honest is hard to bear. If we won't grind and hustle hard, we will not survive. That's actually the reason why I invested with Bitcoin because I certainly believe that Bitcoin could provide us a good profit in the future which could save us from inflation. If we seek assurance in the future, I believe that Bitcoin investment would be a wise preparation.
sr. member
Activity: 1008
Merit: 366
This is the best opportunity as it is the bear market now. Buy as much as you can. Bulls will take you to the moon.
sr. member
Activity: 2282
Merit: 439
Cashback 15%
Investing is bitcoin in current scenario is certainly not a good way to fight inflation or hedge against inflation. Yes if you want a good long term hedge against inflation. I will say bitcoin will be one of your best option. In future bitcoin will surely reach 100K. For a long time in future, we see bitcoin will remain the undisputed king of crypto
I don't want to question bitcoin as I myself believe in it and the blockchain technology. But I think most cryptocurrencies will have problems after CBDC, bitcoin included. I mean its value because governments will try to ban crypto in order to promote their currency. After all, bitcoin will work even at a cost of e.g. $1000.
legendary
Activity: 1904
Merit: 1159
Investing is bitcoin in current scenario is certainly not a good way to fight inflation or hedge against inflation. Yes if you want a good long term hedge against inflation. I will say bitcoin will be one of your best option. In future bitcoin will surely reach 100K. For a long time in future, we see bitcoin will remain the undisputed king of crypto
legendary
Activity: 2828
Merit: 1515
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.


If you invested in Bitcoin earlier than the last two years, you've gotten a positive ROI. Since creation, Bitcoin has well outpaced any currency in existence.

The reason Bitcoin is tied to the financial markets is because of how heavily institutional investors are involved in the crypto market. Any time the global market is on a downturn, they'll remove their funds out of all markets and buy in at a lower price. Only way to prevent these folks from making large changes in the price is for mass adoption, which hopefully will come in the future.

With fiat currency, they're designed to inflate at least 2% per year (targeted by the central banks). Does that sound reasonable?
sr. member
Activity: 1554
Merit: 413
Honestly its not as terrible as people may think it is. Bitcoin is something that may go down as well and thats bad, but comparing to how dollar gets devalued, bitcoin is just volatile,
Isn't bitcoin price volatility affected by inflation based on empirical data? The long effect of the Russia - Ukraine conflict on global inflation has exhausted all markets including crypto.

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the difference between devaluation and volatility is that bitcoin could go back up to insanely high levels at any given moment, and could crash again a few weeks later, but dollar will not gain value over time at all, it will always go down.
Does it? I don't think BTC just go up and down at an insane rate at any given time. For sure it has some unexpected movements but it is still affected by market forces outside crypto and it also has its own market cycle.

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It is %100 guaranteed and mathematically sure thing that 10 years from now dollar will be less valuable. Bitcoin on the other hand would probably be more valuable. Hence, its such an easy investment to make.
This I can agree.

 
sr. member
Activity: 771
Merit: 293
But you still use fiat currency to trade them, then what's the point?
hero member
Activity: 2156
Merit: 575
Honestly its not as terrible as people may think it is. Bitcoin is something that may go down as well and thats bad, but comparing to how dollar gets devalued, bitcoin is just volatile, the difference between devaluation and volatility is that bitcoin could go back up to insanely high levels at any given moment, and could crash again a few weeks later, but dollar will not gain value over time at all, it will always go down. It is %100 guaranteed and mathematically sure thing that 10 years from now dollar will be less valuable. Bitcoin on the other hand would probably be more valuable. Hence, its such an easy investment to make.
sr. member
Activity: 1092
Merit: 342
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Bitcoin is the best action to be able to invest, I wanted to know if someone here has had to decide between Bitcoin and between buying Real Estate, the purchase of real estate is a very good option for investment and it is sustainable and if a recession occurs it is a way very good to protect yourself, there is another thread that talks about bitcoin and if there is a way for it to end, where the possibility for me is nil, unless investors do not like money anymore, then this thread may connect with that, They are compatible in terms of concept.
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
During all these years bitcoin was always known to be a hedge against the inflation rate in most countries, especially during the economic crisis when the food and drug prices are rising every day but the minimum wage doesn't rise like the other things, and people are getting poor because of that it. On the other hand, the only thing governments can do during this time is only print more paper money which will make things worse and can be another reason for the increaseing of the inflation rate, people should seek an investment option during this time and bitcoin is always the first option in this situation for them.

Yes, but people who are paid in highly inflationary currencies should be very careful about managing their finances. They need to find the balance between saving their time & energy (work) and clearing their monthly/yearly expenses.

For example, when Bitcoin is in a bear market and you put 500 CCY in it, and you needed that money for let's say a medical expense in 2-3 months from now and BTC dips 50% I'm sure you won't be happy.
legendary
Activity: 3234
Merit: 1214
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During all these years bitcoin was always known to be a hedge against the inflation rate in most countries, especially during the economic crisis when the food and drug prices are rising every day but the minimum wage doesn't rise like the other things, and people are getting poor because of that it. On the other hand, the only thing governments can do during this time is only print more paper money which will make things worse and can be another reason for the increaseing of the inflation rate, people should seek an investment option during this time and bitcoin is always the first option in this situation for them.
Governments won't consider bitcoin as the first option, because it isn't assured that bitcoin will be on the bullish trend all the time. Look the current market situation, if bitcoin is to function against the inflation now the price could've been on the bullish trend. There is always correlation between the traditional market and the cryptomarket. When there is hard inflation and cryptomarket is bearish the scenario won't be supportive to the layman.
hero member
Activity: 1778
Merit: 722
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During all these years bitcoin was always known to be a hedge against the inflation rate in most countries, especially during the economic crisis when the food and drug prices are rising every day but the minimum wage doesn't rise like the other things, and people are getting poor because of that it. On the other hand, the only thing governments can do during this time is only print more paper money which will make things worse and can be another reason for the increaseing of the inflation rate, people should seek an investment option during this time and bitcoin is always the first option in this situation for them.
newbie
Activity: 20
Merit: 0
Because bitcoin is basically a deflationary asset, people in nations with unstable fiat currencies are utilising it more and more as a store of value to guard against hyperinflation and rising prices for basic goods and services. Cryptocurrencies, unlike fiat, can't be as easily manipulated by increased money production and interest rate changes. Most significantly, because there will never be more than 21 million bitcoins created, it is a desirable inflation-resistant store of wealth.
hero member
Activity: 1708
Merit: 566
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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.
This is actually something simple that if we look closely it is always repeated and what to do when something like this happens is to just wait and do it as you usually do by waiting, making lots of loopholes in all situations and buying if you still have money to spare.
But many people are always busy, especially new people, who sometimes panic and make noise like it's over.
Although panic is quite natural, but now with so much information, should we panic?
hero member
Activity: 2590
Merit: 644
~snip~
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.
^ I dont want to argue this because I know we also have an obligation to pay taxes to our government to have progress in our country which depend on the tax. Look at the US, they are very strict on paying taxes and they become now a well-developed country. BTC is just an option between the fiat, not a choice. The fact that people now care about the value of BTC in the long run, is the reason they store value on it.
BTC now is just like an asset, invest while it is very cheap or while the price was dumped and sell if the price will pump.
hero member
Activity: 3038
Merit: 634
It still needed to be understood by the investor that bitcoin is a deflationary asset but still have to go through a certain market correction. This might be misunderstood by the others and think bitcoin is exempted from any corrections.

Well, we've just seen that it's going through a bear market and that's a good time for anyone to buy it while believing that it's going to hit big in the future.

If someone is thinking about beating the inflation, he really should invest into assets that can beat it and also grows overtime.
legendary
Activity: 2604
Merit: 2353


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.
I'm sorry but I don't understand in which way inflation and wages are related to BTC. Are you eager to get your wage paid in Bitcoins? How many people around you are ready for that? Bitcoin is a high volatile asset, not everyone could afford to be paid with it unfortunately. I'm sad to say that but gold and several commodities are currently better hedges against inflation.
staff
Activity: 3304
Merit: 4115
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.
Wages do grow, but usually it's inflation that increases first, meaning that you're pretty much earning what you were earning before, i.e you aren't benefiting from it, but for the brief moment that your wage doesn't increase in relation to inflation, you end up losing money.

It's a hidden tax, I don't know if that was the intention of the money system when it was first thought out, but it most definitely is one of the biggest glaring issues of the current implementation of our money system. 
hero member
Activity: 2114
Merit: 619
I don't know which country are you talking about because as far as I know in my country, inflation has been there since past many years and so has been the wage increment as well. I am sure the rate of increment would have been slightly lower in developed economies however I don't think there would be any country where people aren't getting increments annually. Talking about inflation as a problem even deflation can be an equally big challenge if you study properly about deflationary spiral.
legendary
Activity: 1064
Merit: 1228
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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.


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.
legendary
Activity: 2394
Merit: 2223
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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.
legendary
Activity: 2212
Merit: 7064
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/
legendary
Activity: 2534
Merit: 1338
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.
hero member
Activity: 1708
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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.
sr. member
Activity: 2282
Merit: 439
Cashback 15%
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.
hero member
Activity: 1554
Merit: 880
pxzone.online
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.
legendary
Activity: 1974
Merit: 1150
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.

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.
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
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.
legendary
Activity: 3080
Merit: 1500
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. 
newbie
Activity: 56
Merit: 0
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.
sr. member
Activity: 2282
Merit: 439
Cashback 15%
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.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
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?
copper member
Activity: 1470
Merit: 1609
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.
legendary
Activity: 3248
Merit: 1402
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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.
jr. member
Activity: 182
Merit: 5
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 Smiley
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform


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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