Inflation may have driven me to this, bitcoin has the power to reverse it

[wxa7115]

Your story is touching, I could remember that I wrote a topic last week on this forum as banks rip people of their money, it is bad to keep money there for this long. The only thing you did was to enrich the bank, they have made more money with your long term keeping, but you are only gaining lamententation and regreting your action.

It's not so late like you said bitcoin is here, it will not run away soon. Try to get viable knowledge, you will be on the track to make passive income from it.

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.

[Poker Player]

...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.

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.

[fuguebtc]

Your story is touching, I could remember that I wrote a topic last week on this forum as banks rip people of their money, it is bad to keep money there for this long. The only thing you did was to enrich the bank, they have made more money with your long term keeping, but you are only gaining lamententation and regreting your action.

It's not so late like you said bitcoin is here, it will not run away soon. Try to get viable knowledge, you will be on the track to make passive income from it.

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.

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.

[odolvlobo]

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.

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.

[Mauser]

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.

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. 

[Sayeds56]

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.  

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.

[ethereumhunter]

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.

[Hamza2424]

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.

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.

[Kgdktac]

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.

[_BlackStar]

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.

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.

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.

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.

[fuguebtc]

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.

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.

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.

[dr.hopkins]

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.

[Uruhara]

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.

[Falconer]

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 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.

[traderethereum]

~ 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.

When Bitcoin has a positive effect on their finances, people tend to overstated it. Bitcoin may not be the best option for you if you want to make big money and quick returns. There are plenty alternative options.

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.

[Kakmakr]

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.