Bitcoin the inflation killer :->

[rickadone]

I think what you are saying is very controversial. Yes, Bitcoin by nature is a deflater, but still it is not widespread as the usual fiat money. Plus its legal status is still under question in many countries and jurisdictions. I am optimistic about future of cryptocurrency, not sure about Bitcoin though.

It may not be widespread yet, but still as a store of value against the inflationary system, I would say the OP has some point. Judging from the likes of those who have really seen the fiat space not to help anyone right from the onset and then you see prices being inflated for a lot of reasons that balls down to economic policies and decisions by the central banks and governments, I would say putting a good number of my savings few year back into bitcoin has really been helpful when it comes to beating the inflation in my country as well.

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[omfg.xekcep]

In my country the inflation rate averaged between 1% to 3% per year over the last 5 years. So whatever investments I had to make, I had to beat inflation for me to say that I am moving forward.

I am one of the fortunate people who invested in Bitcoin, when the price was around $400 per coin. Since then I have been smashing inflation on my investments made into Bitcoin. <Even after taxes>

In 2017 I obliterated inflation and I sold some coins, which was re-invested into other investments that also beat inflation. I can with all honesty say, that I am not bothered with inflation, even if it goes up to 100% for the next few years.

Let's celebrate the fact that Bitcoin enabled us to beat inflation for the last couple of years.  <Well most of us, because we have to take into account that a lot of people have hyperinflation in their countries>

Well your decision about buying Bitcoin at 400$ was really profound but it was the speculative investment with high risk because you could lose some part or all your money. As far as I know there are conservative instruments almost without any risk which can help to fight the inflation (for instance, government bonds). I think it need to take into account that your investment was purely speculative because you could gain a profit only in case of the growth of Bitcoin. Also you could buy some equities and you would gain dividends and a margin if shares grown. Buying equities on a bullish market is also excellent decision which can fight the inflation and let you gain a nice income.

[KGBx]

I would not call it so because in my opinion it is not about racing with inflation but about building your own wealth by wise investments. But actually it does kill inflation if we speak about last 2-3 years of its development.

[1Referee]

You know, inflation is not terrible. Even putting money in the bank, buying bonds and other, in most countries will allow to exceed inflation.

It's not really worth it like that. At best you'll outperform inflation marginally, which is just an utter waste of time in my opinion. Bitcoin in just a matter of years has wiped out hundreds years worth of inflation, and that was just a glimpse of what power hides inside its massive long term potential.

I'm obviously heavily biased towards Bitcoin, but that's not without a reason. I strongly believe that people will be able to obtain more financial freedom than ever before even if they allocate just 10% of their net worth to Bitcoin. As extra people can always have fiat saved up in their bank account and some of it invested in bonds or index funds. You don't have to choose when you can have multiple allocations at the same time.

[farosa]

In my country the inflation rate averaged between 1% to 3% per year over the last 5 years. So whatever investments I had to make, I had to beat inflation for me to say that I am moving forward.

I am one of the fortunate people who invested in Bitcoin, when the price was around $400 per coin. Since then I have been smashing inflation on my investments made into Bitcoin. <Even after taxes>

In 2017 I obliterated inflation and I sold some coins, which was re-invested into other investments that also beat inflation. I can with all honesty say, that I am not bothered with inflation, even if it goes up to 100% for the next few years.

Let's celebrate the fact that Bitcoin enabled us to beat inflation for the last couple of years.  <Well most of us, because we have to take into account that a lot of people have hyperinflation in their countries>

If this economic inflation belongs to you, yes it will help you. There are billions of people in the world who are like you, but haven't Bitcoin. If we consider economic inflation for the world, I don't see it as a solution because of Bitcoin has a limit. No doubt Bitcoin is superior to paper money, but I don't see it as a solution.

[crzy]

We cannot stop inflation frim rising, in my place 6% is the inflation rate and its hard now to spend your money. Yes, we must beat inflation always but we should not focus on that, its better to have your target profit in this market, and win more later on. Inflation will continue to rise every year, so make your investments worth it.

[cahbagus555]

Bitcoin is new monetary model and it can not controlled by any authorities. Its like a store of value with limited supply. I am believe if we keep our money in bitcoin, our purchasing power not decreasing in asset value because bitcoin growth more than inflation rate

[coinplus]

Honestly this happened to me just recently. Dollar gained value and my country got a bit more expensive but thanks to bitcoin price being higher according to dollar price than all of a sudden even though life got more expensive here, I got more money to cover that as well.

Overall due to my country's economic state, now I am spending more but making more as well. There will be no point of debating good or bad but bitcoin proved its worth of holding it.

Inflation did happened for other people but for me it was just numbers going up from the both sides. If you keep bitcoin at bay all the time than you will not have any problem covering the inflation problems all by the increase of the price when it happens. Bitcoin goes up when dollar devalues.

[BitHodler]

Yes, we must beat inflation always but we should not focus on that, its better to have your target profit in this market, and win more later on. Inflation will continue to rise every year, so make your investments worth it.

How can you not focus on something that's so important? It's impossible for me to put aside as if it's not of any importance. I'm constantly battling against inflation, even when I'm not actively battling against it directly.

It's impossible to have any profit targets in this or basically any market. If it was that easy people wouldn't be losing continuously. The only worthwhile way to counter inflation is to hodl something that has the potential to increase.

In my case that's Bitcoin, but if we look at stocks overall, and especially the tech industry, it would have been a fantastic long term bet years ago. Right now I'm not sure how interesting stocks are with a looming correction.

Nothing goes up in value endlessly. The correction will happen.

[engrawaz]

There are a lot of people who bought Bitcoin at ATH. Bitcoin ideally is not an inflation killer but the idea of immutable un-confiscatable trustless and borderless etc... is much more prominent than the idea of beating the inflation. That could also work if it is timed correctly.

[lsafronova095]

In my country the inflation rate averaged between 1% to 3% per year over the last 5 years. So whatever investments I had to make, I had to beat inflation for me to say that I am moving forward.

I am one of the fortunate people who invested in Bitcoin, when the price was around $400 per coin. Since then I have been smashing inflation on my investments made into Bitcoin. <Even after taxes>

In 2017 I obliterated inflation and I sold some coins, which was re-invested into other investments that also beat inflation. I can with all honesty say, that I am not bothered with inflation, even if it goes up to 100% for the next few years.

Let's celebrate the fact that Bitcoin enabled us to beat inflation for the last couple of years.  <Well most of us, because we have to take into account that a lot of people have hyperinflation in their countries>

You know, inflation is not terrible. Even putting money in the bank, buying bonds and other, in most countries will allow to exceed inflation. Bitcoin will help to resolve the issue of devaluation of the local currency. I think that the situation in Venezuela, Turkey, Argentina, Russia, Ukraine will be a good example.

Why are you talking about Ukraine? This is a country in General in a very difficult situation.Their national currency, against the dollar fell 3 times in 2015-2016. The standard of living has deteriorated. I don't think you set a good example. It's not inflation that kills and the government is driving its country into debt.

[cryptjh]

The inflations here where I lives are also around or less than 1% acceding to the government. I’m not sure how they get those numbers. But prices of everyday things are going up with 3-5% a year, gas prices are up 10% or more this year and so are meat and a lot of others everyday necessaries.
But as long as the price of a new car,  TV and all those nice gadgets you can buy keeps falling or not rising in price, the official inflations isn’t going up.
I think in the years to come, that Bitcoin prices will keep going up; also in the countries where people now think the inflations are under control.

[ningrumxxi]

We can beat inflation if bitcoin/altcoin prices rise. Otherwise, we only try to beat breakeven  Generally speaking, unconventional assets tend to bring higher rates of return while facing higher risk.

inflation is indeed the most feared by every society they try various ways to save money into several forms to avoid inflation, but for developing countries gold may be the choice of favorite to save their money, but for developed countries can allocate funds in the form of bitcoin more profitable because of a decentralized system and the possibility that in the future it has the potential to become a global currency so that many entrepreneurs allocate money funds in bitcoin.

[aleksnutis]

I live in Russia. I so distrust the ruble and my government that I am ready to keep all the savings in bitcoins. I often buy up a crypto currency, but I would do it much more often if there was a convenient and fast exchange

[jiya jaena]

bitcoin is the inflation killer is the truth and that can be proved, for example, compare the value of bitcoin and fiat money from 2009 until now, which one has a higher inflation rate through how many items can be obtained on 2009 and now

[Juggy777]

In my country the inflation rate averaged between 1% to 3% per year over the last 5 years. So whatever investments I had to make, I had to beat inflation for me to say that I am moving forward.

I am one of the fortunate people who invested in Bitcoin, when the price was around $400 per coin. Since then I have been smashing inflation on my investments made into Bitcoin. <Even after taxes>

In 2017 I obliterated inflation and I sold some coins, which was re-invested into other investments that also beat inflation. I can with all honesty say, that I am not bothered with inflation, even if it goes up to 100% for the next few years.

Let's celebrate the fact that Bitcoin enabled us to beat inflation for the last couple of years.  <Well most of us, because we have to take into account that a lot of people have hyperinflation in their countries>

This is very true whichever country you belong to inflation is there, gone are the days where you could buy a property, or keep your money in bank and be happy you beat inflation. These days none of the assets we have matches the returns of Bitcoins, plus you're lucky to see inflation of up to 3% many countries have it higher, so a good part of the income goes into paying taxes, other gets eaten by inflation. There is no doubt in my mind that bitcoins returns, not only beat inflation but help you keep secured for many years to come provided you know when to buy, hodl and sell your coins.

[beerlover]

I live in Russia. I so distrust the ruble and my government that I am ready to keep all the savings in bitcoins. I often buy up a crypto currency, but I would do it much more often if there was a convenient and fast exchange

You are not alone bro. I am in a part of the world in which inflation has generally become a norm and then you tend to ask yourself the questions why things should be that way, but all in the name of bad policies, we tend to see the government scattering everything, coming up with some policies that would always affect the people in general and this has really brought about some crazy level of distrust over time in the system of governance and the general banking system, which I believe having to make the decision to put some of my funds in bitcoin over the years, has really brought about a better change in my life than over the years that I have been saving in fiat.

[redsun114]

In my country the inflation rate averaged between 1% to 3% per year over the last 5 years. So whatever investments I had to make, I had to beat inflation for me to say that I am moving forward.

I am one of the fortunate people who invested in Bitcoin, when the price was around $400 per coin. Since then I have been smashing inflation on my investments made into Bitcoin. <Even after taxes>

In 2017 I obliterated inflation and I sold some coins, which was re-invested into other investments that also beat inflation. I can with all honesty say, that I am not bothered with inflation, even if it goes up to 100% for the next few years.

Let's celebrate the fact that Bitcoin enabled us to beat inflation for the last couple of years.  <Well most of us, because we have to take into account that a lot of people have hyperinflation in their countries>

There is actually a whole lot to celebrate and that shows the extent at which this space is beneficial a whole lot to people and the reason why I am sure the likes of Zimbabweans hopped into the crypto space to have made the price shoot more than the normal market price.

Honestly, I feel you a lot on this as I can relate and I must say since I decided to put my stash into bitcoin and just very little into fiat based on how inflation has always be killing things, I made the best decision to kill the inflation itself in my life.

[erominer]

wow! good for you coming in so early, your point of view applies very well on what happened to the market the last few years and saying that bitcoin will beat the inflation in most countries will depend mostly on what will happen in the future.

[prtty2gal2]

We can beat inflation if bitcoin/altcoin prices rise. Otherwise, we only try to beat breakeven  Generally speaking, unconventional assets tend to bring higher rates of return while facing higher risk.

inflation is indeed the most feared by every society they try various ways to save money into several forms to avoid inflation, but for developing countries gold may be the choice of favorite to save their money, but for developed countries can allocate funds in the form of bitcoin more profitable because of a decentralized system and the possibility that in the future it has the potential to become a global currency so that many entrepreneurs allocate money funds in bitcoin.

Well, as far as deflationary is concerned, it makes the idea of inflation becomes a forgotten story, but that does not mean it does not have its own flaws as well as this usually in the long run encourages hoarding instead of supply being circulated and getting to see spending.

It could become a currency in the long run, but this would be an option for everyone as I believe it will always go hand in hand with fiat, except that this time around, real believers understand the benefit it brings for them in the long run when it comes to destroying inflation from their lives.