Bitcoin and Inflation and why bitcoin?

[borisdj]

Here is my blog, contribution to the question Why Btc:
https://infopedia.io/revolution-of-money/

(r)Evolution of Money
(Money and Payment systems of tomorrow - Bitcoin rise with crypto industry story)

[Jawhead999]

So you're talking if Bitcoin is hedging against inflation, isn't? then explain to me why at the current situation where inflation is really high and fiat value always decrease, Bitcoin price doesn't increase? actually Bitcoin price is decreasing too. If Bitcoin is hedging against inflation, Bitcoin price already high and would back to $50K at least. You need to understand and explain about Bitcoin and inflation rate in the current situation, not only the past history.

[mindrust]

Anything but the dollar...

Bitcoin is fine but it wouldn't be my first choice to protect myself against the inflation. I would rather buy durable goods which you can store for a long time like toilet and copy printer paper, paper towels, dry food, canned foods, some water, home repairing stuff (drills, screwdrivers)  or any kind of repairing stuff, back ups for your current electronic devices in use (computer parts, cameras etc), household appliances (if you have an old device, it might be wise to have a back up)

These stuff I mentioned above are the things which you most likely will need in the future.

Gold, silver, crypto you probably won't need these in your daily life. Some people will need them yes, but not you.

[8rch7]

Sentiment related to inflation continues to strengthen and rage is still one of the factors that move the US and global financial markets, because the threat of inflation is certain to make the economy more real overheating, but the majority of major cryptos are turning green even though the world is experiencing inflation, Bitcoin tends to stay in the zone. psychologically, when the latest inflation was released the crypto market was only slightly affected and continued to strengthen even though the movement still tended to be limited,

[worldofcoins]

We are in a time of crisis and I have to say that inflation is so high, it affects everything. A lot of people have been expecting bitcoin to exert its anti-inflation properties, and then things didn't go as expected, assets like bitcoin are not immune to short-term negative effects. I see that many people are starting to be negative and skeptical about bitcoin's ability to fight inflation.

But if we don't just look at the short term but look at the long term, looking to the future. We'll see what bitcoin can do.

+ In 2010: with 10,000BTC we will buy 2 pizzas.
+ In 2016: with 100BTC we can buy a car.
+ In 2022: with only 10BTC we will buy a house, maybe many countries will not need 10BTC to own a house, sometimes only 3BTC to 5BTC.

The value of bitcoin will only rise as time goes on, people will realize the value of bitcoin if they don't already.
I think BTC has the potential of reaching a 5 Trillion market cap in the next 10 years.

Those 10k bitcoin pizza story is also mind boglin~

[borisdj]

@Jawhead999
Price is not linear but has cycles. Now is the down swing.
Still is the long run it is expected to rise and in average should be a good hedge.

@mindrust
For short term having useful items is wise advice, both from the price but also should there be problem with supply in some crises.
Still in the long term having too much of those items is not practical, so when looking where else to save money and invest.
For those you need scarcity, so my take is: Bitcoin, Real estate, Stocks.

[danadc]

I think that the statement of Bitcoin vs Inflation Bitcoin will always win, not only because Bitcoin is deflationary, but also because other things could happen in Bitcoin, the deflationary term is something very complicated for some people who do not know much about economics, because they see it only as an affirmation against inflation, maybe yes, but it goes beyond what it is, fiat money has no limit, new bills are always being issued, and as long as that happens the value of money will fall, not bitcoin, the bitcoins that have been lost, are lost and that's it, there is no going back, and that makes them value more, whoever has 1 bitcoin will be a billionaire in the future.

[Pierre 2]

Bitcoin's deflationary structure is number 1 reason for me to buy it when I first learned about it. I was proven right after that and Bitcoin clearly goes up and up through time, its crashes are mainly short term issues. Bitcoin's purchasing power will always be more strong than all fiast moneys, into future. It is best to borrow money using fiat money and invest in Bitcoin, literally. You will cover your debt eventually in long run. It never changes that much. Even if markets do good, Bitcoin will do even better.

[bocyaj]

I had nearly 2 bitcoin in my history transaction.The transaction includes the buying and selling of crypto currency.I had earned huge bitcoin as a payment in many signature campaign.In 2017,their was huge number of bitcoin based campaign.But the mistake I had made is spend 2 bitcoin then and their.I don’t have any bitcoin in my savings wallet.I don’t know the price of bitcoin will cross the 20k dollars.But it had crossed the 65k dollars and made many billionaires because of that pump.