Life is cheaper with Bitcoin and cryptocurrencies in general

[fullhdpixel]

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

How come? Isn't that how it works? If you have $2,000 and want to get $1,000 on top of that, you will need a 50% gain on your investment. If you buy Bitcoin when it's priced at $20k, you will need it to hit $30k to achieve your desired target. On the other hand, if Bitcoin is priced at $40k when you enter, it will have to reach $60k for you to have a 50% gain on your investment, and there is a big difference there. In the first instance, you would need it to go up just $10k, but in the second instance, it would need to gain $20k for you to reach your target.

So, the entry point does make a difference and one can either achieve their target early or late based on when they have entered the market because the price gained by the cryptocurrency after that will determine how early or late your profit target will be hit. This is the reason why it's always said that getting in early can be more profitable for an investor.

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[Dunamisx]

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.

[Silberman]

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 hope so but until that day comes we need to keep accumulating all the bitcoin that we can, I am not going to deny that the current growth we are experimenting took me by surprise, but at the same time I receive it with open arms as bitcoin has grown almost 200% since we reached the bottom during the first months of this year, so the progress bitcoin has demonstrated has been incredible, and now it seems more likely that a new all time high could be reached before the halving even takes place.

[SatoPrincess]

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.

I couldn’t agree more. Bitcoin is a volatile asset but it’s a good way to hedge against inflation. Those living in developed nations may not feel the need for bitcoin savings because of the strength of their currency. But for my people, the rate at which the naira is falling is alarming, now you can buy a home appliance for less than $30 and in a few month the worth of that appliance is $60 or $70. People no sell second-hand goods at a higher price than what they originally paid for it. Liabilities are casually turning into assets.

[panganib999]

Fiat depreciates, the 1 milion dollars that you saved from years ago, if you haven't invested it into anything like stocks or bonds, would be significantly more devalued than if it were to be invested into gold or any other asset instead. Which is why you feel like it has "made your life expensive" or something. When you invest your money, you don't necessarily make more money that way, you're only saving, or in some cases, hoping that the value of your money increases over time, which is what bitcoin specifically does.

Which is why I'm very deliberate when it comes to telling my peers and relatives about where to invest when they start asking me about it. We all have our own cups of tea and sometimes, no matter how great bitcoin is for us, it may not work for others. I just say look into what makes you more comfortable, and stick to that investment plan.

[slapper]

Fiat depreciates, the 1 milion dollars that you saved from years ago, if you haven't invested it into anything like stocks or bonds, would be significantly more devalued than if it were to be invested into gold or any other asset instead. Which is why you feel like it has "made your life expensive" or something. When you invest your money, you don't necessarily make more money that way, you're only saving, or in some cases, hoping that the value of your money increases over time, which is what bitcoin specifically does.

Which is why I'm very deliberate when it comes to telling my peers and relatives about where to invest when they start asking me about it. We all have our own cups of tea and sometimes, no matter how great bitcoin is for us, it may not work for others. I just say look into what makes you more comfortable, and stick to that investment plan.

We agree: holding cash is like watching ice melt in the sun. Let's examine the comfort zone investing method. Is comfort good for pajamas but not growth? Bitcoin is a volatile newcomer with a jetpack in the roller coaster world of finance. Why slog through standard investments when you can soar? Life has hazards, but what doesn't Bitcoin represents financial revolution and inflation protection. A truly global money without government manipulation. Like a clever golden ticket! If you say "look into what makes you more comfortable," respond, "Sure, but don't forget to peek outside that comfort zone." Bitcoin may surprise you and them. Why not invest in the digital future?

[merekamo]

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 suggest it is better to store gold than money or crypto. The reason is simple, the value of gold does not change, even if it is sold in the future, despite any conditions, the price will increase and again there is nothing that undermines the value of gold from negative issues. This is what crypto does not have. So I will not keep crypto but make short-term passive income only.

[harapan]

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 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.

[ichsan ardi]

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

[smelody]

The history about bitcoin is very amazing. From the birthing year 2009 to till today graph board is amazingly increasing. After 10 years where will it reach nobody say. Anyone who analyzes the graph will feel free to invest

[TheUltraElite]

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

The price of an article may go up but the acceptance of bitcoin to transact with has still remained a rock bottom, growing very slowly. You can be super-rich with bitcoins but no shop in your local accepts bitcoin, how will you go about spending it then?

So you need both fiat and crypto and an added advantage would be seamless conversion between the two which is a longshot dream of many members of the forum.

Keeping the hope that in future bitcoin will become huge and then you will start spending it, is a good one too. I would rather suggest spending on buying gift cards at times before that actually happens.

[sekalitas]

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 completely agree with the importance of strategic savings and diversification. While inflation can erode the value of fiat currency over time, it's crucial to maintain a safety net of 3-6 months' worth of expenses in readily available liquid assets to avoid selling off investments at potentially unfavorable prices. Once this emergency fund is established, exploring investment opportunities in diverse asset classes like land, real estate, or cryptocurrencies becomes more viable. However, remember that all investments carry some degree of risk, and thorough research and understanding of each asset class are essential before committing your capital.

[blckhawk]

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.

Don't think that it's ever going to happen in our lifetime though and as long as there are uncontacted tribes and ethnic groups that are far from the modern civilization, it's never going to happen. Sure it's a good dream but think about it, a lot of people are already resisting the idea of bitcoin and a lot of them hasn't changed their stance even when we reached a new ATH, my guess is that we're either going to force this adoption or we let it seep through the cracks of our civilization and slowly taking root so we can never get it out of us. I don't believe that it's going to be the most dominant currency though, we've got US to fight with that one and I don't think that they're ever going to want the 1st place be taken away from them, let's just be happy with where we are right now, we will eventually go there so I don't think we need to be too hasty in this kind of thing.

[harapan]

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.

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 has been able to grow rapidly and gain more trust because it has solved problems that fait are unable to manage for us.There's a saying that the more problems you solve,the more money you get and so,that what bitcoin is.Bitcoin is an adventure,and its worth what people are willing to pay for.Even with the clash/crash,economical downturn and governmental intrusion.
   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.

[TheUltraElite]

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 needs the internet and electricity to be used, so governments can shut these down in a dire or war like situation if they wish to and then you would not be able to use bitcoin. However the chances of such things happening is small.

   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.

Nah, they always have a choice. It is not that bitcoin is the final currency ever, fiat will always co-exist with bitcoin and even though fellow forum members might not like it, bitcoin is the less known and less accepted currency as compared to any fiat currency.

Of course in our forum here, we think we are god like after owning bitcoin, it is not so in the outside world. You need both fiat and crypto.