Topic: Life is cheaper with Bitcoin and cryptocurrencies in general (Read 948 times)

Interesting mate,every educated person needs to know and be informed about bitcoin because bitcoin is the real deal right now.Bitcoin is the mother of all cry pro currencies,it is not just a currency but a revolutionary and phenomenal money that functions without second thought or without interference;a currency without a government.

   Bitcoin is a game of risk and reward.You have your part to play so as bitcoin does.Bitcoin is turning the world most accepted digital currency,and people will have no choice but to embrace.

That happens in many countries. That is why we are advised to have investments in the form of crypto or gold. This is to anticipate the worst possibility that could happen in our country. By having investments, at least we can prepare ourselves and our families.

Investing in Bitcoin has provided clear evidence that Bitcoin is the best choice we have today. Even though there are still many people who still choose gold, we can also still choose Bitcoin as our main investment. A million dollars that we save in the bank won't be able to buy many things in the future. But a million dollars in bitcoin could have a higher price in the future.

For this reason, we have to prepare ourselves from now on before everything changes and we start too late.

Am sure that we will soon get to that stage where everyone will be having bitcoin just as the way the fiat currency is so common and available for everyone to have access with, making payments in bitcoin will be so easy and common, people would have been so used to it, life will be easier on men because they are having a volatile currency that they can spend and earn from as well, cryptocurrency will by then be the most recognized currency with dorminance in bitcoin.

I don't know about you guys, but for me, I have discovered that the longer one save in fiat, that is, hold fiat, the more life gets expensive, this is because fiat is known to lose value overtime for several reasons, when fiat loses value, they lose purchasing power, goods and services become more expensive, which in turn makes life more expensive.

This experience I coined from the current economic hardship my country is going through.
The naira lost significant value against some other major fiat currencies, most especially the dollar, this has made things in the country very expensive, which has also made life very expensive to live here in Nigeria.

But for those who have been saving investing, saving in bitcoin, and maybe some other major cryptocurrencies, life is cheaper as we all have seen that overtime, the price of bitcoin increases, and when this happens, major altcoins too experience the boom, thereby making good profit for those who spent fiat accumulating when the prices are low.

This is why I personally implore us all to be wise in how we choose to save our money,
Keep one million dollars in the bank for 10 years, by the time the 10 years is over, you pull out your one million and discover it can't buy much because things are no longer at the same price as they were 10 years ago.

But keep one million dollars in bitcoin for 10 years, by the end of the 10 years, one million dollars must have turned into 5 million dollars or more, and even if things have become more expensive in the market, this money will pay for it all and you will still have a lot of money left to do other things.

That's right, why saving or saving Bitcoin makes our lives cheaper in the future because the value or price of Bitcoin goes up every year, which is different from fiat, the value of fiat every year definitely goes down, that's why the price of necessities this year and the next 10 years is very different because there are inflation and fiat value decrease every year

I don't know about you guys, but for me, I have discovered that the longer one save in fiat, that is, hold fiat, the more life gets expensive, this is because fiat is known to lose value overtime for several reasons, when fiat loses value, they lose purchasing power, goods and services become more expensive, which in turn makes life more expensive.

This experience I coined from the current economic hardship my country is going through.
The naira lost significant value against some other major fiat currencies, most especially the dollar, this has made things in the country very expensive, which has also made life very expensive to live here in Nigeria.

But for those who have been saving investing, saving in bitcoin, and maybe some other major cryptocurrencies, life is cheaper as we all have seen that overtime, the price of bitcoin increases, and when this happens, major altcoins too experience the boom, thereby making good profit for those who spent fiat accumulating when the prices are low.

This is why I personally implore us all to be wise in how we choose to save our money,
Keep one million dollars in the bank for 10 years, by the time the 10 years is over, you pull out your one million and discover it can't buy much because things are no longer at the same price as they were 10 years ago.

But keep one million dollars in bitcoin for 10 years, by the end of the 10 years, one million dollars must have turned into 5 million dollars or more, and even if things have become more expensive in the market, this money will pay for it all and you will still have a lot of money left to do other things.

Life is indeed sweeter with bitcoin if we indeed know how to achieve this beauty in it, I've seen some some always complaining about bitcoin all because their level of understanding about it is very poor, we cannot be doing what is not safe and expected the best from it, some don't know how to maintain a perfect security measures, wallet to use or how to safely store their wallet private keys for their privacy, some might have been scammed as well for some reasons they permitted for that unknowingly to them, yet out of these countless diverse experience, bitcoin is still better than fiat if we understand how to make use of this decentralized digital currency for our privacy and security, including being profitable.
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You're actually correct,bitcoin has really helped the economy in many aspects.Bitcoin has initially made our life easier and more satisfiable.In many situations where fait systems has disappointed and failed us,bitcoin has been able to recognize the challenge and tackled it for us.Countless times bitcoin seems like another alternative to fait systems despite that thier store of value varies.
 Bitcoin holds greater chances of becoming superior to all other cryptocurrencies.

I don't know about you guys, but for me, I have discovered that the longer one save in fiat, that is, hold fiat, the more life gets expensive, this is because fiat is known to lose value overtime for several reasons, when fiat loses value, they lose purchasing power, goods and services become more expensive, which in turn makes life more expensive.

This experience I coined from the current economic hardship my country is going through.
The naira lost significant value against some other major fiat currencies, most especially the dollar, this has made things in the country very expensive, which has also made life very expensive to live here in Nigeria.

But for those who have been saving investing, saving in bitcoin, and maybe some other major cryptocurrencies, life is cheaper as we all have seen that overtime, the price of bitcoin increases, and when this happens, major altcoins too experience the boom, thereby making good profit for those who spent fiat accumulating when the prices are low.

This is why I personally implore us all to be wise in how we choose to save our money,
Keep one million dollars in the bank for 10 years, by the time the 10 years is over, you pull out your one million and discover it can't buy much because things are no longer at the same price as they were 10 years ago.

But keep one million dollars in bitcoin for 10 years, by the end of the 10 years, one million dollars must have turned into 5 million dollars or more, and even if things have become more expensive in the market, this money will pay for it all and you will still have a lot of money left to do other things.

I don't know about you guys, but for me, I have discovered that the longer one save in fiat, that is, hold fiat, the more life gets expensive, this is because fiat is known to lose value overtime for several reasons, when fiat loses value, they lose purchasing power, goods and services become more expensive, which in turn makes life more expensive.

This experience I coined from the current economic hardship my country is going through.

Am sure that we will soon get to that stage where everyone will be having bitcoin just as the way the fiat currency is so common and available for everyone to have access with, making payments in bitcoin will be so easy and common, people would have been so used to it, life will be easier on men because they are having a volatile currency that they can spend and earn from as well, cryptocurrency will by then be the most recognized currency with dorminance in bitcoin.

Entering at any price does not mean that the price target to be achieved will be higher.

I don't know about you guys, but for me, I have discovered that the longer one save in fiat, that is, hold fiat, the more life gets expensive, this is because fiat is known to lose value overtime for several reasons, when fiat loses value, they lose purchasing power, goods and services become more expensive, which in turn makes life more expensive.

Life is cheaper with Bitcoin and cryptocurrencies in general

Dollar isn't an investment, it's just a regular fiat like your Naira. The reason why it's having more value than Naira lies in the purchasing power. We are simply dealing with inflation everyday and the government has just kill switch subsidy to gasoline, the FX Market is now float by demand and supply, the central bank doesn't control it any more, that's why we are having economy set back. We are literally now in a new default mode of the economy is the reason why naira is fighting hard to stay strong.

The mistake many of us are doing is buying US dollar to keep thinking its an investment. In a real sense, it's has been far ahead of the Naira but doesn't mean it should be used as an investment because the dollar you are holding is nothing great if you take to US to spend, you might he surprised that inflation has eaten your 5 years dollar savings wouldn't be able to buy much.

It is not too late for you to start saving in bitcoin,  this is even the best time to even save in bitcoin because right now the fiat has no good value,  the value this time is even worse than before.  So I think it will be a big waste to even even have savings in fiat. It feel so good we have bitcoin that will help to sustain the value of the money that we worked for.

Since we are entering into the bull season it will be profitable if people invest their saving in bitcoin instead leaving it in fiat which values always depreciate.

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But if you are already into this market, you will appreciate of learning this market and getting the benefits of investing into this.
Being late is just a relative term, but one can still join this market at any time of his convenience.